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  • HO 2 - Tugela Finance Report - 2014.model Answer

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    Saud Hidayatullah
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    Tugela Telecoms PTY (LTD) prepared a budget for the 2015 fiscal year. The budget projects that revenue will increase by 8% to $7,776,000 based on an actual of $7,200,000 in 2014. Direct operating costs are projected to rise 7% to $3,075,991, while staff expenses will increase 10% to $113,901. Other operating expenses are budgeted to grow 7% to $3,400,639. Depreciation is forecasted to be $177,500, a 25% increase on old assets and new assets purchased in the first half of 2015. The budget predicts operating profit will rise to $907,970. With lower finance

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    Tugela Telecoms PTY (LTD) prepared a budget for the 2015 fiscal year. The budget projects that revenue will increase by 8% to $7,776,000 based on an actual of $7,200,000 in 2014. Direct operating costs are projected to rise 7% to $3,075,991, while staff expenses will increase 10% to $113,901. Other operating expenses are budgeted to grow 7% to $3,400,639. Depreciation is forecasted to be $177,500, a 25% increase on old assets and new assets purchased in the first half of 2015. The budget predicts operating profit will rise to $907,970. With lower finance

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    © All Rights Reserved
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    7 views1 page

    HO 2 - Tugela Finance Report - 2014.model Answer

    Uploaded by

    Saud Hidayatullah
    Tugela Telecoms PTY (LTD) prepared a budget for the 2015 fiscal year. The budget projects that revenue will increase by 8% to $7,776,000 based on an actual of $7,200,000 in 2014. Direct operating costs are projected to rise 7% to $3,075,991, while staff expenses will increase 10% to $113,901. Other operating expenses are budgeted to grow 7% to $3,400,639. Depreciation is forecasted to be $177,500, a 25% increase on old assets and new assets purchased in the first half of 2015. The budget predicts operating profit will rise to $907,970. With lower finance

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    © All Rights Reserved
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    of 1

    TUGELA TELECOMS PTY (LTD)

    Reg No 1804/119828/23 TUGELA


    BUDGETING TELECOMS PTY (LTD)

    MODEL ANSWER
    2014 Actual Adjustment 2015 Budget
    $’000 $’000 $’000


    Revenue 7 200 000 8% 7 776 000


    Direct operating costs (2 874 758) 7% (3 075 991)

    Staff Expenses (103 546) 10% (113 901)

    Other operating expenses (3 178 167) 7% (3 400 639)

    Depreciation (87 489) 25% on old assets + (177 500)


    25% on 1/2 of new

    Amortisation of intangible assets (100 000) Same as PY (100 000)


    Operating Profit 856 040 907 970

    Finance Costs (66 202) 10% of liability less


    1/2 of cap repayments (40 053)

    Interest income 10 547 PY /12 x 10 8 789


    Profit before tax 800 385 876 706

    Taxation (224 108) Same percentage as


    last year (245 478)

    Net profit 576 277 631 228

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