DHALA INVESTMENTS LIMITED

CASH FLOW PROJECTION ASSUMPTIONS

FOR THE 12 MONTHS PERIOD November 2021 TO OCTOBER 2022

1 Malawi's Gross Domestic Product (GDP) 2022

2 Bank Base Rate for 2022
3 Bank Lending / Borrowing Rate
4 Inflation Rate
5 Standard Bank Omio Loan Interest rate
6 Standard Bank Omio Loan Repayment Period
5A Cost of Chicks (Conforzi Plantations
5 Chicken Selling Prices
6 Number of Chickens per month from January 2022
7 Effective March 2022 Hatching Chicks at Fumba Farm
8 Selling Prices for Chicks
9 Effective May 2022 Chicken Sales will be 20,000 Chickens
10 Effective May 2022 Chicken Selling Prices will be K3,400 per Chickens
11 Effective June 2022 Oil production from Soya Beans - 15 tonnes per day
12 Oil Prices per Litre
13 Full Fat Production 12,300 Kgs per day
14 Full Fat Selling Price
15 Cost of Emplty Bags - BNC
16 Oil Plant Utilization
CTOBER 2022

4.50%
12%
23%
9.80%
10.00%
24 months
K 650 per chick
K 3300
4,500.00
2,800.00 Chicks per day
K450 each
20,000.00 Per month
per Chickens K3400
tonnes per day 2,700.00 Litres Per day
K 2500 Per Litre
12,300 Kgs Per day
K600 Per Kg
K 200 each
65%
DHALA INVESTMENTS

CASH FLOW PROJECTION - OCTOBER 2021 TO OCTOBER 2022

ACTUAL NOVEMBER
OCTOBER 2021 2021
MK MK
Chicken Sales 11,550,000 11,550,000
Sale of Chicks - -
Chicken Parts Sales 107,690 107,690
Chicken Feed Sales 21,000 21,000
Sale of Manure 19,800 19,800
Sale of Maize 50 Kg Bags - Mangochi Farm - -
Sorghum / Millet Sales - mangochi Farm - -
Pigeon Peas Sales - Mangochi Farm - -
Sale of Beans - Mangochi Farm - -
Sale of Maize 50 Kg Bags - Bvumbwe Farm - -
Sale of Oinions - Bvumbwe Farm 46,250 46,250
Sales of Tomatoes - Bvumbwe Farm 54,000 54,000
Sale of Beans - Bvumbwe Farm 90,000 90,000
Sale of Sugar Canes - Bvumbwe Farm 35,000 35,000
Sale of Bananas - Bvumbwe Farm 40,000 40,000
Sale of Cooking Oil - -
Sale of Full Fat @ K 600 per Kg - -

11,963,740 11,963,740

OPERATING COSTS:
Standard Bank Loan Repayment - -
Standard Bank Loan Interest - -
Cost of Chicken Feed 2,310,361 2,310,361
Cost of Day Old Chicks 2,275,000 2,275,000
Cost of Medicines 195,803 195,803
Saw Dust 21,038 21,038
Charcoal 21,417 21,417
Salaries and Wages 944,550 944,550
Transport Costs 2,650 2,650
Motor Vehicle Costs 41,508 41,508
Hire of Transport 12,000 12,000
Motor Vehicle Fuel 305,232 305,232
Water 213,813 213,813
Electricity 97,916 97,916
Office Expenses & Director fees 25,600 25,600
Selling Costs 5,600 255,600
Chicken Equipment Repairs 2,560 122,560
Advertising & Promotion 15,600 15,600
Stationery 7,150 57,150
Communication Costs 10,500 10,500
Repairs and Maintenance Costs 796,518 796,518
Medical Costs 36,338 286,338
Cleaning Costs 6,800 56,800
Chicken Feed - Fumba Farm 690,850 9,690,850
Chicken Vaccines 12,500 92,500
Farm Inputs 547,500 547,500
Fertilizers / Manure 45,000 45,000
Farm Labour 114,167 114,167
Empty Sacks - -
Harvesting Costs - -
Security Costs 180,045 180,045
Sundry Costs 46,118 46,118

8,984,132 18,784,132

NET CASH INFLOW / (OUTFLOW) 2,979,608 (6,820,392)

OPENING CASH BALANCE 26,349,812 29,329,420

CLOSING CASH BALANCE 29,329,420 22,509,029

DECEMBER JANUARY FEBRUARY
2021 2022 2022 MARCH 2022 APRIL 2022
MK MK MK MK MK
11,550,000 14,850,000 14,850,000 14,850,000 14,850,000
- - - - -
107,690 107,690 107,690 107,690 107,690
21,000 21,000 21,000 21,000 21,000
19,800 19,800 19,800 19,800 19,800
- - - - 11,520,000
- - - - 300,000
- - - - 150,000
- - - - 600,000
- - u - 5,184,000
46,250 46,250 46,250 46,250 46,250
54,000 54,000 54,000 54,000 54,000
90,000 90,000 90,000 90,000 90,000
35,000 35,000 35,000 35,000 35,000
40,000 40,000 40,000 40,000 40,000
- - - - -
- - - - -

11,963,740 15,263,740 15,263,740 15,263,740 33,017,740

- 416,667 416,667 416,667 416,667

- 83,333 83,333 83,333 83,333
2,310,361 2,310,361 2,310,361 2,310,361 2,310,361
2,275,000 2,275,000 2,275,000 2,275,000 2,275,000
195,803 195,803 195,883 195,883 195,883
21,038 21,038 21,038 21,038 21,038
21,417 21,417 21,417 21,417 21,417
944,550 3,744,550 3,744,550 3,744,550 3,744,550
2,650 252,650 252,650 252,650 252,650
41,508 221,508 221,508 221,508 221,508
12,000 202,000 202,000 202,000 202,000
305,232 955,232 955,232 955,232 955,232
 213,813 313,813 313,813 313,813 313,813
97,916 182,916 182,916 182,916 182,916
575,600 655,600 105,600 105,600 655,600
255,600 255,600 255,600 255,600 255,600
122,560 122,560 122,560 122,560 122,560
265,600 265,600 265,600 265,600 265,600
57,150 57,150 57,150 57,150 57,150
490,500 490,500 490,500 490,500 490,500
796,518 1,296,518 796,518 796,518 1,296,518
286,338 286,338 286,338 286,338 286,338
56,800 56,800 56,800 56,800 56,800
9,690,850 9,690,850 9,690,850 9,690,850 9,690,850
92,500 92,500 92,500 92,500 92,500
547,500 547,500 547,500 547,500 547,500
45,000 45,000 45,000 45,000 45,000
114,167 114,167 114,167 114,167 114,167
- - - - 89,000
- - - - 2,100,000
180,045 180,045 180,045 180,045 180,045
46,118 46,118 46,118 46,118 46,118

20,064,132 25,399,132 24,349,211 24,349,211 27,588,211

(8,100,392) (10,135,392) (9,085,471) (9,085,471) 5,429,529

22,509,029 14,408,637 4,273,245 (4,812,226) (13,897,697)

14,408,637 4,273,245 (4,812,226) (13,897,697) (8,468,168)

 SEPTEMBER
MAY 2022 JUNE 2022 JULY 2022 AUGUST 2022 2022
MK MK MK MK MK
68,000,000 68,000,000 68,000,000 68,000,000 68,000,000
37,800,000 37,800,000 37,800,000 37,800,000 37,800,000
107,690 107,690 107,690 107,690 107,690
21,000 21,000 21,000 21,000 21,000
19,800 19,800 19,800 19,800 19,800
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
46,250 46,250 46,250 46,250 46,250
54,000 54,000 54,000 54,000 54,000
90,000 90,000 90,000 90,000 90,000
35,000 35,000 35,000 35,000 35,000
40,000 40,000 40,000 40,000 40,000
- 131,625,000 131,625,000 131,625,000 131,625,000
- 143,910,000 143,910,000 143,910,000 143,910,000

106,213,740 381,748,740 381,748,740 381,748,740 381,748,740

416,667 416,667 416,667 416,667 416,667

83,333 83,333 83,333 83,333 83,333
2,310,360.50 11,551,803 11,551,803 11,551,803 11,551,803
2,275,000 9,000,000 9,000,000 9,000,000 9,000,000
195,883 979,415 979,415 979,415 979,415
21,038 21,038 21,038 21,038 21,038
21,416.67 107,085 107,085 107,085 107,085
3,744,550 3,744,550 3,744,550 3,744,550 3,744,550
252,650 252,650 252,650 252,650 252,650
221,508 221,508 221,508 221,508 221,508
202,000 202,000 202,000 202,000 202,000
955,232 955,232 955,232 955,232 955,232
 313,813 313,813 313,813 313,813 313,813
182,916 182,916 182,916 182,916 182,916
105,600 105,600 655,600 105,600 105,600
255,600 255,600 255,600 255,600 255,600
122,560 122,560 122,560 122,560 122,560
265,600 265,600 265,600 265,600 265,600
57,150 57,150 57,150 57,150 57,150
490,500 490,500 490,500 490,500 490,500
796,518 796,518 1,296,518 796,518 796,518
286,338 286,338 286,338 286,338 286,338
56,800 56,800 56,800 56,800 56,800
9,690,850 9,690,850 9,690,850 9,690,850 9,690,850
92,500 92,500 92,500 92,500 92,500
547,500 547,500 547,500 547,500 547,500
45,000 45,000 45,000 45,000 45,000
114,167 114,167 114,167 114,167 114,167
- - - - -
- - - - -
180,045 180,045 180,045 180,045 180,045
46,118 46,118 46,118 46,118 46,118

24,349,211 41,184,854 42,234,855 41,184,855 41,184,855

81,864,529 340,563,886 339,513,886 340,563,886 340,563,886

(8,468,168) 73,396,361 413,960,247 753,474,132 1,094,038,018

73,396,361 413,960,247 753,474,132 1,094,038,018 1,434,601,903

OCTOBER 2022 TOTAL
MK MK
68,000,000 502,050,000
37,800,000 226,800,000
107,690 1,399,970
21,000 273,000
19,800 257,400
- 11,520,000
- 300,000
- 150,000
- 600,000
- 5,184,000
46,250 601,250
54,000 702,000
90,000 1,170,000
35,000 455,000
40,000 520,000
131,625,000 658,125,000
143,910,000 719,550,000
-
-
381,748,740 2,129,657,620

416,667 4,166,667
83,333 833,333
11,551,803 76,241,899
9,000,000 63,200,000
979,415 6,463,817
21,038 273,488
107,085 706,758
3,744,550 40,279,150
252,650 2,534,450
221,508 2,339,604
202,000 2,056,000
955,232 10,468,016
 313,813 3,779,569
182,916 2,122,908
655,600 3,882,800
255,600 3,072,800
122,560 1,473,280
265,600 2,952,800
57,150 692,950
490,500 5,416,500
1,296,518 12,354,734
286,338 3,472,394
56,800 688,400
9,690,850 116,981,050
92,500 1,122,500
547,500 7,117,500
45,000 585,000
114,167 1,484,167
- 89,000
- 2,100,000
180,045 2,340,582
46,118 599,529

42,234,855 381,891,643

339,513,886 1,747,765,977

1,434,601,903 26,349,812

1,774,115,789 1,774,115,789