Corporate Finance

Exhibit 16.7 contd.

Budget

Cash

budget for the year 1997-98

Full year

Apr 97

May 97

Jun 97

Jul 97

Aug 97

Sept 97

Oct 97

Nov 97

i. Excise duty

3,000

232

479

725

957

1,218

1,479

1,711

1,885

j. Sales tax

3,600

296

583

884

1,177

1,449

1,732

1,909

2,192

k. Other taxes

125

9

19

27

35

42

51

61

69

l. Interest

500

0

0

80

80

123

203

203

302

m. Advertisement expenses

150

5

10

15

25

65

70

85

105

n. Repairs & maintenance

125

12

20

33

41

50

59

66

72

(Outside services)

o. Royalty for limestone

425

35

70

105

141

181

216

250

285

p. Insurance premium

30

14

14

14

14

14

26

26

26

q. Travelling expenses

60

5

11

14

19

23

28

33

39

r. Freight & transportation

1,300

102

209

317

421

515

630

735

820

s. Expenses on export sales

70

0

0

9

18

28

36

42

50

t. Depot maintenance expenses

325

25

58

81

108

135

161

186

209

u. Donations

30

5

8

12

17

19

1

9

21

25

v. Bank charges

30

2

4

5

8

10

12

14

16

w. Legal expenses

25

1

5

7

7

9

11

11

18

x. Postage, telegram

65

4

7

15

21

24

30

33

38

telephones, & telex

y. Conveyance expenses

35

3

7

10

13

15

18

21

24

z. Business/Sales promotion expenses

20

1

3

5

8

11

11

12

14

aa. other expenses

150

13

28

36

49

58

71

89

102

5. Surplus remitted to head office

2,500

200

400

800

1,300

1,500

1,800

2,000

2,100

Total (4 + 5) (B)

24,895

1,839

3,696

5,892

8,118

10,388

12,728

14,741

16,713

6. Closing cash and bank balances (A)-(B)

667

646

697

1,411

1,040

762

85,2.5

527

129

The first column gives the total amount for the particular item for the entire year

.