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Hampton Machine Tool Company

Exhibit 1
Shipments at Selling Price (thousands of dollars)

1979

January
February
March
April
May
June
July
August
Eight months total
September
October
November
December

As Forecast
Dec. 1978
$1,302
$1,872
$1,635
$1,053
$1,293
$1,479
$1,488
$1,797
$11,919
$1,299
$1,347
$1,311
$2,298
$6,255

Actual
$861
$672
$1,866
$1,566
$873
$1,620
$723
$507
$8,688

As Forecast
Sept. 1979
$441
$1,200
($231)
($513)
$420
($141)
$765
$1,290
$3,231

$2,000

$1,000
$500
$0

0.73

$2,163
$1,505
$1,604
$2,265
$7,537.00 ############
############

$2,500

$1,500

27%

Forecast
Actual

$864
$158
$293
($33)
$1,282

Hampton Machine Tool Company

Exhibit 2
Balance Sheets, 1978--1979 (thousands of dollars)
1978
Nov. % / activo
Efectivo
$2,520
34%
Cuentas por cobrar
$1,245
17%
Inventarios
$2,601
35%
TOTAL activo circulante
$6,366
86%

1979
Dec. % / activo Mar. % / activo
$491
8%
$505
7%
$1,863
32% $1,971
28%
$2,478
42% $3,474
50%
$4,832
82% $5,950
86%

June % / activo
$1,152
16%
$1,893
26%
$3,276
45%
$6,321
87%

July % / activo
$1,678
22%
$1,269
17%
$3,624
48%
$6,571
87%

Aug.
$1,559
$684
$4,764
$7,007

Activos fijos brutos


Depreciacion acomulada
Activos fijos netos
Gastos pagadados x adelantado
ACTIVOS TOTALES

$4,010
$2,998
$1,012

54%
40%
14%

$4,010
$3,010
$1,000

68%
51%
17%

$4,010
$3,040
$970

58%
44%
14%

$4,010
$3,070
$940

55%
42%
13%

$4,010
$3,080
$930

53%
41%
12%

$4,010
$3,090
$920

$62

1%

$40

1%

$39

1%

$24

0%

$24

0%

$42

$7,440

Documentos x pagar a bancos


$0
cuentas por pagar
$348
Pasivos acomulado(devengados)
$561
Impuestos por pagar
$150
Anticipos de clientes
$840
TOTAL PASIVOS CIRCULANTES $1,899
Capital social comun ( acciones $10)
$1,178
Supervit
$4,363
Capital contable
$5,541

$5,872

$1

$6,959

$7,285

$7,525

$7,969

% / pasivo
% / pasivo
% / pasivo
% / pasivo
% / pasivo
0% $1,000
17% $1,000
14% $1,000
14% $1,000
13% $1,000
5%
$371
6%
$681
10%
$399
5%
$621
8%
$948
8%
$777
13%
$849
12%
$678
9%
$585
8%
$552
2%
$74
1%
$373
5%
$354
5%
$407
5%
$479
11% $1,040
18% $1,040
15% $1,566
21% $1,566
21% $1,566
26% $3,262
56% $3,943
57% $3,997
55% $4,179
56% $4,545
16%
59%
74%

TOTAL PASIVO Y CAPITAL CONTABLE


$7,440

$428
$2,182
$2,610

7%
37%
44%

$428
$2,588
$3,016

$5,872

$1

$6,959

*Tax payments in 1979 include $75,000 due March 15 on underpayment of 1978 taxes and four equal
payments of $181,000 due on the 15th of April, June, September, and December for estimated 1979 tax
liability with any underpayment of 1979 taxes due March 15, 1980.

6%
37%
43%

$428
$2,860
$3,288
$7,285

6%
39%
45%

$428
$2,918
$3,346
$7,525

6%
39%
44%

$428
$2,996
$3,424
$7,969

Hampton Machine Tool Company

% / activo
20%
9%
60%
88%
50%
39%
12%
1%

% / pasivo
13%
12%
7%
6%
20%
57%
5%
38%
43%

Hampton Machine Tool Company

Exhibit 3
Income Statements, 1978--1979 (thousands of dollars)
Fiscal
Year
Ending
Dec.
1979
31/12/78
1978
Jan.
Ventas netas
$7,854
$1,551
$861
Costo de ventas
$5,052
$1,122
$474
UTILIDAD BRUTA
$2,802
$429
$387
Gastos de venta y admn
$1,296
gastos por interes
$0
Utilidad neta antes de impuestos
$1,506

Feb.
$672
$369
$303

Mar.
$1,866
$1,362
$504

Apr.
$1,566
$1,137
$429

May
$873
$567
$306

June
$1,620
$1,197
$423

July
$723
$510
$213

Aug.
$507
$276
$231

$248
$0
$181

$103
$15
$269

$61
$15
$227

$205
$15
$284

$172
$15
$242

$96
$15
$195

$130
$15
$278

$87
$15
$111

$66
$15
$150

Impuestos sobre la renta

$723

$87

$129

$109

$136

$116

$94

$133

$53

$72

UTILIDAD NETA

$783

$94

$140

$118

$148

$126

$101

$145

$58

$78

$50

$25

$0

$0

$0

$0

$0

$100

$0

$0

Dividendos

* Includes depreciation charges of $150,000 in 1978, $12,000 in December 1987, and $10,000 per month in 1979.

Hampton Machine Tool Company

Eight
Months
Ending
31/8/79
$8,688
$5,892
$2,796
$920
$120
$1,756
$842
$914
$0
$100

SEPT
$2,163

OCT
$1,505

NOV
$1,604

DIC
$2,265

Hampton Machine Tool Company

Hampton Machine Tool


Pro Forma Statements
(thousands of dollars)
Historical
July
$723

Aug.
$507

$597
$126
$15
$111
$53
$58

$342
$165
$15
$150
$72
$78

$100
$45

$0
$58

$0
$78

Cash (plug)
cuentas por xobrar
Inventories
Current assets
activos fijos brutos
Accumulated depreciation
Net fixed assets
Prepaid expenses
Total assets

$1,152
$1,893
$3,276
$6,321
$4,010
$3,070
$940
$24
$7,285

$1,678
$1,269
$3,624
$6,571
$4,010
$3,080
$930
$24
$7,525

$1,559
$684
$4,764
$7,007
$4,010
$3,090
$920
$42
$7,969

$699
$1,323
$3,339
$5,361
$4,010
$3,100
$910
$42
$6,313

Notes payable, bank


Accounts payable
Accruals
Taxes payable*
pago anticipado clientes
Current liabilities
Common stock ($10 par value)
Surplus
Net worth
Total liabilities and net worth

$1,000
$399
$678
$354
$1,566
$3,997
$428
$2,860
$3,288
$7,285

$1,000
$621
$585
$407
$1,566
$4,179
$428
$2,918
$3,346
$7,525

$1,000
$948
$552
$479
$1,566
$4,545
$428
$2,996
$3,424
$7,969

$1,000
$600
$552
$160
$726
$3,038
$428
$2,847
$3,275
$6,313

June
$1,620

ventas netas
compras
WIP inventory reduction
Raw materials reduction
Cost of goods sold
Depreciation
Other expenses
Cost of sales and other expenses$1,327
earnings before interes & taxes
$293
Interest expense
$15
Net income before taxes
$278
Income taxes
$133
Net income
$145
Dividends
utilidades retenidas

Change in cash

$526

($119)

Sept.
$2,163
$600
$1,320
$105
$2,025
$10
$400
$2,435
($272)
$15
($287)
($138)
($149)

Pro Forma
Oct.
ventas netas
$1,505
comprasC
$600
7maquinasC
$0
420/4mesesC
$105
2+3+4
$705
tabla 2 acuumu**
$10
otrosgastosC
$400
5+6+7
$1,115
..1-8
$390
1.5% pretamo
$15
..9-10
$375
48%de11 C**
$145
..11-12
$230

Nov.
$1,604
$600
$0
$105
$705
$14
$400
$1,119
$486
$20
$466
$223
$242

Dec.
$2,265
$600
$0
$105
$705
$14
$400
$1,119
$1,147
$20
$1,127
$541
$586

$0
$230

$0
$242

$150
$436

..34-17-18-22-23
..1-39
..18+2-5 ***
..16+17+18
..20+36***
..21+6**
..20-21
tabla2 prepaid
..19+22+23

$1,007
$779
$3,234
$5,020
$4,360
$3,110
$1,250
$42
$6,312

$766
$1,604
$3,129
$5,499
$4,360
$3,124
$1,237
$42
$6,778

($331)
$2,265
$3,024
$4,958
$4,360
$3,137
$1,223
$42
$6,223

25+37
comprafija carta
tabla2
..28+12-38**
..29-39**
..25+26+27+28+29
tabla2
32+15**
..31+32
..30+33

$1,350
$600
$552
$305
$0
$2,807
$428
$3,077
$3,505
$6,312

$1,350
$600
$552
$529
$0
$3,031
$428
$3,319
$3,747
$6,778

$0
$600
$552
$888
$0
$2,040
$428
$3,755
$4,183
$6,223

$0
($149) ..13-14

($860) ..16pasado-16

$308

($241)

($1,097)

Hampton Machine Tool


Projected Cash Budget
(thousands of dollars)
September
October
November

December

January

Cash Inflows:
Collections of Receivables:
Bank Loan:
Total cash inflows:
$

Cash Outflows:
Payments of Accounts Payable:
Other Operating Outflows:
Purchase New Equipment:
Tax Payments:
Interest Payments to Bank:
Principal Repayments to Bank:
Dividends:
Total cash outflows:
$

Reconciliation:
Begining cash balance:
Net cash flow:
Ending cash balance:

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