Professional Documents
Culture Documents
Exhibit 1 Cafes Monte Bianco's 2000 Financial Statements (estimated as of December 15, 2000)
Income Statement for the year ending December 31, 2000
(thousands of Italian liras)
Revenues
Private brand
Premium brand
56,112,408
9,934,848
46,177,560
33,233,867
22,878,541
Marketing expenses
R&D expenses
Selling expenses
Administrative expenses
Interest expense
4,155,980
3,328,130
3,574,710
4,752,000
3,825,000
Profits
Taxes (40%)
Net profit
3,242,721
1,297,088
1,945,633
PPE
Depreciation
42,374,000
(12,267,080)
Total assets
44,653,200
Accounts payable
Credit line
487,331
25,000,000
10,000,000
Equity
9,165,869
44,653,200
Exhibit 2
Exhibit 2
Estimated Yearly Volume (in kilograms) for Different Prices / Grades and Advertising Expenditures
Coffee Grade
Prices per kilogram
VOLUME (kg.)
Advertising /Sales
0%
1%
2%
3%
4%
5%
6%
7%
8%
9%
10%
D
8,800
C
19,500
B
26,600
BB
30,000
A
35,500
AA
39,000
AAA
42,600
6,000,000
2,395,000
2,455,000
2,545,000
2,665,000
2,800,000
2,950,000
3,130,000
3,196,000
3,268,000
3,310,000
3,340,000
1,645,000
1,696,000
1,720,700
1,896,000
2,024,000
2,166,000
2,367,000
2,417,000
2,446,000
2,465,000
2,494,000
1,529,000
1,566,000
1,649,000
1,760,000
1,884,000
2,022,000
2,157,000
2,195,000
2,231,000
2,258,000
2,286,000
1,103,000
1,145,000
1,226,000
1,334,000
1,456,000
1,591,000
1,723,000
1,792,000
1,823,000
1,837,000
1,843,000
667,000
717,000
799,000
910,000
1,034,000
1,172,000
1,307,000
1,345,000
1,366,000
1,495,000
1,523,000
127,000
157,000
229,000
325,000
433,000
553,000
667,000
694,000
752,000
875,000
935,000
Page 2
Exhibit 3
Exhibit 3 Estimated Cost per Unit for Different Prices / Grades and Volume
Coffee Grade
Prices per kilogram
Unit cost (liras)
Fixed costs (thousands of liras)*
D
8,800
C
19,500
B
26,600
BB
30,000
A
35,500
AA
39,000
AAA
42,600
6,600
3,319,500
12,485
4,100,500
14,275
4,100,500
16,288
4,100,500
17,791
4,100,500
19,166
4,100,500
20,441
4,100,500
14,899
12,133
10,749
9,920
9,366
8,971
8,675
8,444
8,260
8,109
7,983
7,877
7,786
7,707
7,637
7,576
7,153
22,736
19,319
17,611
16,586
15,902
15,414
15,048
14,763
14,535
14,349
14,194
14,062
13,949
13,852
13,766
13,691
24,526
21,109
19,401
18,376
17,692
17,204
16,838
16,553
16,325
16,139
15,984
15,852
26,539
23,122
21,414
20,389
19,705
19,217
18,851
18,566
18,338
18,152
17,997
28,042
24,625
22,917
21,892
21,208
20,720
20,354
20,069
19,841
29,417
26,000
24,292
23,267
22,583
22,095
21,729
30,692
27,275
25,567
24,542
Volume (kg.)
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
1,600,000
1,800,000
2,000,000
2,200,000
2,400,000
2,600,000
2,800,000
3,000,000
3,200,000
3,400,000
6,000,000
* Fixed costs for premium coffees include private brand fixed costs.
Page 3
Exhibit 4
January
February
March
April
May
June
July
August
September
October
November
December
Sales Private
(kilograms)
Sales Premium
(kilograms)
Percent of total
81,792
103,680
135,936
86,400
93,312
57,600
48,384
38,016
78,336
150,912
139,392
138,240
84,916
107,640
141,128
89,700
96,876
59,800
50,232
39,468
81,328
156,676
144,716
143,520
7.1%
9.0%
11.8%
7.5%
8.1%
5.0%
4.2%
3.3%
6.8%
13.1%
12.1%
12.0%
1,152,000
1,196,000
100.0%
Page 4
Exhibit 5
Exhibit 5
Production 2001
Capacity
Initial inventory
January
February
March
April
May
June
July
August
September
October
November
December
Production
Private
500,000
500,000
500,000
500,000
500,000
500,000
500,000
500,000
500,000
500,000
500,000
500,000
500,000
500,000
500,000
450,000
486,000
390,000
500,000
500,000
500,000
500,000
500,000
500,000
6,000,000
5,826,000
Stock
Sales
2000 Actual
Private
Private
Sales Percent
174,000
248,000
426,000
7.1%
208,000
540,000
9.0%
708,000
11.8%
450,000
7.5%
486,000
8.1%
90,000
300,000
5.0%
338,000
252,000
4.2%
640,000
198,000
3.3%
732,000
408,000
6.8%
446,000
786,000
13.1%
220,000
726,000
12.1%
720,000
12.0%
6,000,000
Page 5
100.0%
8,800
Revenues
Private brand
Profits
Taxes (40%)
Net profit
- ROE Wheel
0.00%
Page 6
Cash Out
A/R
Premium
-
COGS
###
COGS
Fixed
-
Add back
Selling
depreciation
###
R&D
-
Admin
-
Interest
-
Taxes
-
Net Cash
-
Ending cash
Page 7
1,121,450
1,121,450
1,121,450
1,121,450
1,121,450
1,121,450
1,121,450
1,121,450
1,121,450
1,121,450
1,121,450
1,121,450
1,121,450