Professional Documents
Culture Documents
+ Capitalization of Advertizing
+ Goodwill Amortization added back
+ Restructuring add-back
Net Operating Profit before Taxes (NOPBT)
- Taxes
Net Operating Profit after Taxes (NOPAT)
- Capital Charge @ 11%
student
2000
42545000
26059400
43666.67
7500000
NIL
76148066.667
7875000
68273066.667
7510037.33
92550000
46555800
48333.33
10000000
Nil
149154133.33
18725000
130429133.33
14347204.67
60763029.333
116081928.67
55318899.33
200000
120000
2150000
5070000
12000000
200000
60%
5.59
671189
671189 (Target Bonus x EVA performance
(Target Bonus +50% of Remaining
395594.5 Balance)
275594.50
2001
24694000
16006200
48333.33
10000000
Nil
149154133.33
18725000
130429133.33
14347204.67
31666.67
Data Insufficient
Nil
40731866.67
121700
40610166.67
4467118.33
116081928.67
36143048.33
-79938880.33
1995
1996
1997
1998
1999
Research and Developemt
1067300
###
###
### 9327000
Expenses as Reported on P& L
0
1995 2134600 2134600 2134600 2134600 2134600
1996
2497400 2497400 2497400 2497400
1997
2922000 2922000 2922000
1998
3418800 3418800
1999
1865400
2000
2000 R&D Amortization under EVA
Cumulative R&D Expense(P&L)
###
###
###
###
###
Less: Cumulative
2134600
6766600
###
###
###
Amortization(EVA)
Capatalized R&D for EVA
Calculation of Capital
###
2000
###
16006200
1996
1997
1998
34000
72000
113000
1999
45000
12666.67
13666.67
15000
158000
2000
48333.33
31666.67
1996
Goodwill Amortization
1997
1998
1999