Budgeting Updates

Oct 11 – Round 1 Presentation of Central Services Budget to RYG

On or before Nov 8 – Round 2 Presentation of Central Services Budget to RYG
Nov 9 – Deadline of Submission of Budgets

Footnote

1
 Budgeting Updates
• 13 of 20 Cost Centers already partially submitted
and updated, subject for updating of missing
expense accounts
• Pending SalBen & Allowances, Contracted Services,
and Training assumptions
• Rental (Overall)
i. net of concessions, unless contingent to the
quarantine level status
ii. New Stores
a. exclusive of pre-opening rental (beyond
the rent-free period)
b. matching against revenue contribution
and location
c. Pre-Opening Costs

Footnote

2
 Budgeting Updates
• 4.6M pre-opening rentals incurred
as far as 2020
• 2.3M rentals in 2021 continually
being incurred without matching
revenue from 17 out of 36 new
stores in 2021
• 11 not yet operating stores already
incurring rent, totalling 4.2M as of
August 2021

Footnote