2

Preface
This Project is a part of 1203302 Project Feasibility Study and Evaluation Course in
the second semester of 2012. In this project is studying the feasibility of Theme park business
in Chiang Mai, which is include generally of Theme park business, management in Theme
park business, competition analysis and marketing feasibility, the technical process in Theme
park business, the financial feasibility of Theme park business, and risk of Theme park
business.
This project makes everyone who interested to get knowledge and information about
Theme park business before make decision to investment, including pre-operational process
and operation process of Theme park business, for the benefit to investment and profit of
doing this Theme park business. We expect that our project will provide benefit and
interested person, moreover, if they are any error in this project or whatever, our ground
made an apology at this opportunity.

Executive Summary
The Fame Theme Park is the first theme park in Chiang Mai, it locates in Maerim,
Chiang Mai. The Fame Theme Park none competitor of business in theme park business and
it doesnt appear before in Northern, so the proportion of our company in the Chiang Mai
market shares nearly to be 100%. This Theme park emphasis thrilling that never appears in
Thailand and can be a happy place for tourist and family and can be fun center of tourists in
holiday. The theme park offer many playthings and entertainment in theme park which
divided in three main parts. The first past is adventure playing for those who like excitement,
the second part is cinema and the third part is shopping. Market segmentation of Fame Theme
Park will focus on tourist the ages between of 25 and 34. We choose tourist the ages between
of 25 and 34 that visit in Chiang Mai because it is the largest group of tourist in Chiang Mai.
The Fame Theme Park offer new experience to customer in exciting plaything, extremely for
they to shows bravery and get fun and happy time with The Fame Theme Park.

Content
Preface

Executive summary

Chapter 1: Introduction

Background and Significance of the Project

Project Objectives
Benefits of Project
Activities/Time Frame

Chapter 2: Industry profile

Chapter 3: Marketing Analysis

General Environment Analysis

Political, Economy
Social and Environment
Technology
Competition Analysis (3C Analysis)
Competitor Analysis
Customer Analysis
Competitive Analysis
STP Analysis
Marketing Mix Strategy
Sales Forecast/Profit Estimation
Marketing Expenses (Sales Incentive)
Conclusion

7-8
8
8
9 - 10
11- 23
24
25
25
26
26 -30
30
30
30 -38
38 - 39
39
39 -40
41 -43
44 - 45
45

Chapter 4: Investment Cost

46

Cost of Investment
Pre-Operating Cost
Investment Cost
Facility Layout
Depreciation
Conclusion

Chapter 5: Production and Operations Analysis

Product Characteristics (in Detail), Specification, Services Process

Operating Cost
Raw material Cost

47 - 48
48
49 -51
52
53 - 56
56
57
58 - 66
67
67

Direct Labor Cost

Overhead
Logistics Management
Facility Management

67
68 - 76
77 - 81
81

Chapter 6: Administration analysis

82

Management Analysis
Salary
Facility Cost

Chapter 7: Financial Analysis

Financial Assumption for Business

Income statement
Cash Flow
Balance Sheet

83
83
84
85
86
86
87
88 - 92

Chapter 8: Risk management

93

Identifying a list of potential risks

94 - 100
A risk management plan included statement of how you plan to reduce risk. 100 -104
The steps that you will take to mitigate the risks
105 - 108

Summary

109

Appendix

110

Historical
Risk Management

References
Member group

110 114
115 - 204
205 - 208
209

Chapter 1
Introduction

Introduction
Background and Significance of the Project
This project is theme park business that chooses Chiang Mai to build it. Chiang Mai is a main
northern area that is center of commerce, industry, transport and tourism. There is the
convenient way by using car, train, and airplane and that can link travel to nearby provinces
such as Lamphune, Lamphang, and Chaing Rai that can use the car to transport and long
distance such as Bangkok and international country that can use the airplane to transport.
Why we choose Chiang Mai to invest theme park? Chiang Mai is popular tourist attraction
Because Chiang Mai is the largest and most culturally significant city in northern Thailand. It
is the capital of Chiang Mai Province, a former capital of the Kingdom of Lanna (12961768)
(wiki, 2013) and it is uniquely and cultural their own country. Chiang Mai is the place to
invest the business owing to despite the considerable difference in size and population
between Bangkok and Chiang Mai, tourism continues to be a thriving industry in Thailand's
second largest city. The Tourism Authority of Thailand's website promotes the city as "a
place where both backpackers and luxury tourists can enjoy the ultimate Thailand holiday",
as the city is "one of the few places in Thailand where it is possible to experience both
historical and modern Thai culture coexisting side by side: the city features centuries-old
chedis and temples next to modern convenience stores and boutique hotels."The Tourism
Authority of Thailand's Chiang Mai office expects the number of tourists from China to
increase by at least 20 per cent this year from 2012, driven by the success of the Chinese film
"Lost in Thailand". More than 80 per cent of the film was shot in the Northern Province
(Wiki, 2013).
Chiang Mai province has 20,107.057 square kilometers or about 12,556,911 acres. There is
the big area number 1 in northern area and that is second area of Thailand. And Chaing Mai
is best climate. The cool weather all year round with temperatures ranging between 12.5 to
38.0 degrees Celsius, perfect for travel and leisure during November February. It is the time
of perfect come to travel at Chiang Mai. The new theme park cans attraction to Thai tourism
and foreigner to visit Chiang Mai. Theme park is an important selling point in Chiang Mai
and Thailand. There for Chiang Mai has not built theme park business before and that
recognize to build theme park business in Chiang Mai because that has great impact on the
economy and investment also the location is suitable to build it. To be open the opportunity
to people in this area and other people in nearby places that has recreation area to relax in the

new theme park style. Another factor, Chiang Mai is the most popular provinces that the
tourist selects and that the way chooses to relax.

Project Objectives
1. To study the situation of theme park business.
2. To set up the planning of the business and to do the business successful.
3. To analyze market in the business, the feasibility of financial about risk investment, and
return on investment
4. To learn the technical and management process in theme park business.
5. To apply this knowledge with the business in the future.
6. To understand the customer what they want and need how to do the customer satisfy in our
business.
7. To Summary of the feasibility of Theme park business.

Benefit of Theme park project

1. Relax from studying and working
2. Enjoy with friends
3. Romantic for sweetheart
4. Source good leaning
5. Amusing
6. The best meeting point
7. This place make to happy
8. Good relation in family
9. Broaden ones view

Activities for a project

1. Study the generally of the theme park
2. Study management in theme park as follows:
-

Background of theme park

Product and service in theme park

Vision and mission statement of theme park

Strategy of the company

3. Study competition analysis and marketing feasibility as follows:

- General internal and external environment
Marketing mix strategy of theme park
- Demand of consumer in theme park
- Sale forecast and profit estimation of theme park
4. Study the technical process in theme park business as follows:
- Location
- Operations and management analysis
- Investment and Operation cost of theme park
5. Study the financial feasibility of theme park business as follows:
-Companys investment cost, operation expense, and other expenses
-Profit and loss statement, cash flow, and balance sheet in 5 years
of theme park
6. Study and analysis risk of theme park
7. Summary the feasibility of theme park

10

Time frame of study

December
Activities

1. Study the generally of the theme

park
2. Study management in theme park
3 Study competition analysis and
marketing feasibility
4 Study the technical process in
theme park business
5 Study the financial feasibility of
theme park business
6. Study and analysis risk of theme
park
7. Summary the feasibility of theme
park

January

February

11

Chapter 2
Industry Profile

12

2.1 Nature of Industry

According

to

Adam

and

Judith

(1991),

amusement

parks

evolved

from

European fairs and pleasure gardens, which were created for people's recreation. The oldest
amusement park in the world is Bakken, north of Copenhagen, Denmark, which opened in 1583. In
the United States, world's fairs and expositions were another influence on development of the
amusement

park

industry.

Amusement

parks

have

fixed

location,

as

opposed to

traveling funfairs and carnivals.

A definition of theme park (2010) described that the terms "theme park" and "amusement
park" are often synonymous. However, a "theme park" can be regarded as a distinct style of
amusement park. A theme park has landscaping, buildings, and attractions that are based on one or
more specific themes or stories. Despite many older parks adding themed rides and areas, qualifying
the park as a theme park, the first park built with the original intension of promoting a specific
theme, Santa Claus Land located in Santa Claus, Indiana, did not open until 1946 (History of the town
of Santa Claus,2010). Disneyland, located in Anaheim, California, built around the concept of
encapsulating multiple theme parks into a single amusement park is often mistakenly cited as the first
themed amusement park, but is instead the park that made the idea popular.

Historical Background in Worldwide

1. Fairs and pleasure gardens

Adam and Judith (1991) presented that periodic fairs, such as the Bartholomew Fair which
began in England in 1133, are a parent for the modern amusement park. Beginning in the Elizabethan
period the fair had evolved into a center of amusement with entertainment, food, games, and carnivallike freak-show attractions. According to Alter and Judy (1997), the seasonal celebration was a
natural place for development of amusement attractions. Oktoberfest is not only a beer festival but
also provided amusement park features beginning in 1810, when the first event was held
in Munich, Germany. In the United States, the county and state fairs also played a part in the history
of amusement parks. These were annual events that were usually held for a short time, a week or two,
to celebrate a good harvest. These fairs featured livestock exhibits, baking and cooking competitions.
According to Adams and Judith (1991), amusement parks also grew out of the pleasure gardens that
became especially popular at the beginning of the Industrial revolution as an area where one could
escape from the grim urban environment. The oldest intact still-surviving amusement park in the
world (opened 1583) is Bakken ("The Hill") at Klampenborg, north of Copenhagen, Denmark. The
best known of the parks in London, was Vauxhall Gardens founded in 1661 and closed in

13
1859. Another long-standing park is Prater in Vienna, Austria, which opened in 1766. This park was
conceived as a place where the common person could enjoy a respite in a pastoral setting and
participate in the musical culture of the city. Tivoli Gardens, Copenhagen is another example of a
European park, dating from 1843, which still exists. These parks consisted of booths, entertainment,
fireworks displays and some rides such as introduction to the modern railroad. The parks grew to
accommodate the expectations of their customerswho were increasingly familiar with the
mechanical wonders of industrialization. Rides became a required part of the pleasure garden and by
1896 there were 65 such pleasure parks in London.
Another type of fair is the exposition or worlds fair. World's fairs began in 1851 with the
construction of the landmark Crystal Palace in London, England. The purpose of the exposition was to
celebrate the industrial achievement of the nations of the world (of which Britain just so happened to
be the leader). America cities and business saw the worlds fair as a way of demonstrating economic
and industrial success (Worlds Fairs, 1853-18997). People particularly point to the World's
Columbian Exposition of 1893 in Chicago, Illinois as an early precursor to the modern amusement
park. This fair was an enclosed site that merged entertainment, engineering and education to entertain
the masses. It set out to bedazzle the visitors, and successfully did so with a blaze of lights from the
White City. To make sure that the fair was a financial success, the planners included a dedicated
amusement concessions area called the Midway Plaisance. Rides from this fair captured imagination
of the visitors and of amusement parks around the world, such as the first steel Ferris wheel, which
was found in many other amusement areas, such as the Prater by 1896. Also, the experience of the
enclosed ideal city with wonder, rides, culture and progress (electricity), was based on the creation of
an illusory place, certainly the precursor of the amusement park experience to come. Alter and Judy
(1997) indicated that the midway introduced at the Columbian Exposition would become a standard
part of most amusement parks, fairs, carnivals and circuses. The midway contained not only the rides,
but other concessions and entertainments such as shooting galleries, penny arcades, games of
chance and shows.
2. Trolley parks, Atlantic City, and Coney Island
According to Adams and Judith (1991), the electric trolley lines were developed in most of
the larger American cities. Companies that established the trolley lines were directly responsible for
establishing amusement parks - trolley parks - as destinations of these lines. Trolley parks
like Atlanta's Ponce de Leon Park, or Reading's Carsonia Park were initially popular natural leisure
spots before local streetcar companies purchased the sites, expanding them from picnic groves to
include regular entertainments, mechanical amusements, dance halls, sports fields, boat rides,
restaurants and other resort facilities. Various sources report the existence of between 1500 and 2000
amusement parks in the United States by 1919. According to Benjamin and Steinhauser (2011), some

14
of these parks were developed in resort locations, such as bathing resorts at the seaside in New
Jersey and New York. A premiere example in New Jersey was Atlantic City, a famous vacation resort.
Enterprisers erected amusement parks on piers that extended from the boardwalk out over the ocean.
The first of several was Ocean Pier in 1891, followed later by Steel Pier in 1898, both of which
boasted rides and attractions typical of that time, such as Midway-style games and electric trolley
rides. The boardwalk also had the first Roundabout installed in 1892 by William Somers, a wooden
predecessor to the Ferris wheel. Somers installed two others in Asbury Park and Coney Island.
Samuelson, Dale, and Yegoiants (2001) found that other such parks were found along rivers and lakes
that provided bathing and water sports such as Riverside Park in Massachusetts, which was founded
along the Connecticut River in the 1840s, and Lake Compounce in Connecticut, first established as a
public beach in 1846. According to Adams and Judith (1991), another similar location was Coney
Island in Brooklyn, New York, where a horse-drawn streetcar line brought pleasure seekers to the
beach beginning in 1829. In 1875, a million passengers rode the Coney Island Railroad, and in 1876
two million visited Coney Island. Hotels and amusements were built to accommodate both the upperclasses and the working-class. The first carousel was installed in the 1870s, the first roller coaster, the
"Switchback Railway", in 1884. It was not until 1895 that the first permanent amusement park in
North America opened: Sea Lion Park at Coney Island in Brooklyn. This park was one of the first to
charge admission to get into the park in addition to sell tickets for rides within the park. According to
Adams and Judith (1991), in 1897, Sea Lion Park was joined by Steeplechase Park, the first of three
major amusement parks that would open in the Coney Island area. George Tilyou designed the park to
provide thrills and entertainment. The combination of the nearby population center of New York
City and the ease of access to the area made Coney Island the embodiment of the American
amusement park. Coney Island also featured Luna Park and Dreamland. Coney Island was a huge
success and by year 1910 attendance on days could reach a million people. Fueled by the efforts
of Frederick Ingersoll, other "Luna Parks" were quickly erected worldwide and opened to rave
reviews. Fire was a constant threat in those days, as much of the construction within the amusement
parks of the era was wooden. In 1911, Dreamland was the first Coney Island amusement park to
completely burn down; in 1944, Luna Park also burned to the ground. Most of Ingersoll's Luna Parks
were similarly destroyed, usually by arson, before his death in 1927.
3. The Golden Age
During the Gilded Age, many Americans began working fewer hours and had more
disposable income (Eight hours for what we will, n.d.,). According to Adams and Judith (1991), with
new-found money and time to spend on leisure activities, Americans sought new venues for
entertainment. Amusement parks, set up outside major cities and in rural areas, emerged to meet this
new economic opportunity. These parks served as source of fantasy and escape from real life. By the
early 1900s, hundreds of amusement parks were operating in the United States and Canada. Trolley

15
parks stood outside many cities. Parks like Atlanta's Ponce de Leon Modernity Technology, and
Atlantas Ponce de Leon Park, 2011) and Idora Park (Idora Park, 2011) , (near Youngstown, OH, took
passengers to traditionally popular picnic grounds, which by the late 1890s also often included rides
like the Giant Swing, Carousel, and Shoot-the-Chutes. These amusement parks were often based on
nationally-known parks or world's fairs: they had names like Coney Island, White City, Luna Park, or
Dreamland. The American Gilded Age was, in fact, amusement parks' Golden Age that reigned until
the late 1920s. The Golden Age of amusement parks also included the advent of the Kiddle Park.
Founded in 1925, the original Kiddie Park is located in San Antonio, Texas and is still in operation
today. The Kiddie parks became popular all over America after World War II (Amusement Park,
n.d.,). According to Rutherford (2000), this era saw the development of the new innovations in roller
coasters that included extreme drops and speeds to thrill the riders. By the end of the First World War,
people seemed to want an even more exciting entertainment, a need met by roller coasters. Although
the development of the automobile provided people with more options for satisfying their
entertainment needs, the amusement parks after the war continued to be successful, while urban
amusement parks saw declining attendance. According to Adams and Judith (1991), the 1920s is more
properly known as the Golden Age of roller coasters, being the decade of frenetic building for these
rides.
4. Depression and post-World War II decline
According to Adams and Judith (1991), the Great Depression of the 1930s and World War
II during the 1940s saw the decline of the amusement park industry. War caused the affluent urban
population to move to the suburbs, television became a source of entertainment, and families went to
amusement parks less often. By the 1950s, factors such as urban decay, crime, and
even desegregation in the ghettos led to changing patterns in how people chose to spend their free
time. Many of the older, traditional amusement parks closed or burned to the ground. Many would be
taken out by the wrecking ball to make way for suburban housing and development. In
1964, Steeplechase Park, once the king of all amusement parks, closed down for good. The traditional
amusement parks which survived, for example, Kennywood, in West Mifflin, Pennsylvania,
and Cedar Point, in Sandusky, Ohio, did so in spite of the odds.
5. The rise of theme parks
In 1955, Disneyland opened to rave reviews, and completely changed the landscape of the
amusement park industry. No longer did guests want a group of rides in a field by a lake, they wanted
an entire perfect world to take them out of the real world for a day. The thrills of theme parks are
often obscured from the outside by landscaping, re-enforcing the feeling of escape. They are kept
clean and new rides are frequently added to keep people coming back. In addition to this experience,
the theme park is either based on a central theme or divided into several distinctly themed areas, or

16
"lands". Following Disneyland, many other parks trying to copy its ideas, such as the hub-andspoke layout and themed "lands", popped up across the country. Examples include Great
Adventure in New Jersey and Universal Studios Hollywood in Los Angeles, California. None could
match the success of Disneyland, though. 15 years after Disneyland, The Walt Disney
Company opened its second theme park, Magic Kingdom near Orlando, Florida. This park pushed the
definition of theme park even further, as it was surrounded by over 47 square miles of pristine,
undeveloped land, creating a massive natural barrier between the real world and the park. Today, it is
now the Walt Disney World Resort, consisting of four theme parks in the most visited vacation resort
in the world. (Wikipedia, 2012)
Historical Background of Thailand
The oldest amusement park in Thailand was Happy Land, Bangkapi, Bangkok, which closed
in September 1979. Nowadays, Thailand has a few theme parks that offering the amazing experience
to people. Dreamworld was operated in the central of Thailand. It was opened for the first time on
February 5th, 1994. Santoroni Park was situated at Cha-Am, Phetchaburi that was theme park in
Mediterranean style.
According to Thailand.com (2012), fortunately, Bangkok has plenty of amusement parks for
the kids are getting restless. At one time, all the citys amusement parks were outdoor, but with the
boom in the retailing industry many more are now built indoors, as an adjunct to department stores
and shopping centers. Anyone who prefers their fun in the outdoors should make for either Siam Park
in Minburi or Dream World, located off the Rangsit-Onkarak highway in Pathum Thani province.
Apart from being the largest open zoo in Thailand, Safari World on Ram Indra Road, also provides
numerous amusement activities and special shows for family vacationers. But if you dont want to
suffer the heat of the day, try one of the many amusement parks located in department stores. Central
Bangnas Leo Land, Seacon Squares Yoyo Land several branches of The Mall Department Store are
good choices. Modst have indoor swimming pools with slides, kids games and other entertainments.
Outside of Bangkok, the places are few and far between. In Pattaya, Ripleys World of Entertainment
located on the third floor of the Royal Garden Plaza has a number of educational and entertainment
activities for the family. Pattaya Park is another place where packages are on offer, an overnight stay
in the hotel included.

17

2.2 Situation of Industry

In worldwide,

The amusement park industry's offerings range from large, worldwide type theme
parks such as Disneyworld and Universal Studios Hollywood to smaller and medium-sized
theme parks such as the Six Flags parks and Cedar Fair parks and countless smaller ventures
in many of the states of the U.S. and in countries around the world. Even simpler theme parks
directly aimed at smaller children have emerged, including Legoland opened in 1999
in Carlsbad, California (the first Legoland opened in 1968 in Billund, Denmark) (Wikipedia,
2012). Examples of amusement parks in shopping malls exist in West Edmonton
Mall, Alberta, Canada; Pier 39, San Francisco; Mall of America, Bloomington, Minnesota.
Family fun parks starting as miniature golf courses have begun to grow to include batting
cages, go-karts, bumper cars, bumper boats and water slides. Some of these parks have grown
to include even roller coasters, and traditional amusement parks now also have these
competition areas in addition to their thrill rides. As of 2008, the Walt Disney Company
accounted for around half of the total industry's revenue in the US as a result of more than 50
million visitors of its U.S.-based attractions each year (IBIS World, 2012).
In Thailand Bangkok Theme Park, Amusement Park, and Park in Bangkok
The theme park industry's offerings range from large such as Dreamworld, to smaller
and medium-sized theme parks such as Santorini Park, Phetchaburi and Wonderland,
Bangkok and smaller ventures such as Yoyoland, Bangkok . Worldwide type theme parks
such as Disneyworld and Universal Studios have not appeared in Thailand. Even simpler
theme parks directly aimed at smaller children have appeared, including Wonderland opened
in 2006 in Bangkok . Examples of amusement parks in shopping malls exist
in Seaconsqure, Bangkok; Yoyoland .

Theme park business was interested to run in

Thailand because it has a few theme park in Thailand that operate with large scale of its.
A report by Bangkok.com (2012), if you and your children are looking for some
action, head for one of Bangkoks fun park! Whether the kids like wild roller coasters,
drenching water rides, climbing on playgrounds or going on fairground rides, you can find all
types of family entertainment and fun activities at Bangkoks in- and outdoor amusement
parks. Entire parks are dedicated to water fun, animals and indoor fun.
Dream World in Bangkok (Bangkoks Most Popular Theme Park)

18
Bangkok.com (2012) presented that the entrance to the park sets the scene for the fantastical
experience to come: friendly, green aliens laughing beneath medical castle walls. It makes no sense
but children love it.
Fantasia Lagoon (Bangkok Water Parks)
Sitting on the rooftop of the Mall Department Store, Fantasia Lagoons always been a favorite
destination for kids and families to have fun and frolic about. Huge water slides and whirlpools are
some of the highlights to look out for. Also worth a visit is Fantasia Island, the adjoined theme park
that offers endless hours of fun and a dose of adrenalin rush all in an air-con comfort (Bangkok
Water Park, n.d.,).
Siam Park
Siam Park is a huge recreational park featuring various swimming pools, towering
waterslides, whirlpools, fountain and a lake. The park is the 400-metre Super Spiral waterslide, while
the giant man-made sea pool with artificial surf is just as spectacular (Bangkok Water Park, n.d.,)..

2.3 Product and Service

The intention is to create a thrilling theme park that never appears in Thailand. The
Fame will be a vibrant, exciting attraction that celebrate classic, seaside theme park rides,
thrill rides, train rides, water rides, roller coaster and their heritage. It will be focus on
preserving interpreting and enable people to ride classic theme park rides.
It will be a high quality outdoor public space it will provide a family-friendly day out
with a wide variety of entertainment for visitor of all ages. The Fame's uniqueness will be
obtained by following a old culture of kingdom of Lanna theme. It will have a sense cultural
of Lanna programmed, including a major Cold Festival and festival activity that focuses on
Chiang-Mai culture. Educational "point of interest" placards will be placed throughout the
park explaining the history of the people, place, and events of golden age of kingdom of
Lanna.
The section of cinema facing the mountain side will be a stunning gateway attraction
to the park. It will be occupied by a selection of restaurants in Lanna style, of a quality not
currently on offer. It will offer the extensive seating. The auditorium of the cinema will
provide an extensive to the offer in the form of a film telling the story of kingdom of Lanna
and exhibit. It will have a program of live show that are synergistic with the rest of the park

19

offer, with a chic style Lanna culture. The cinema will be a fully flexible performance venue
that will also be a major destination in its own right.
The scheme has been developed to Cedar Fair, L.P. by Dick Kinzel. , working in
partnership with world class theme park specialist. Their team has include quantity surveyor,
structural engineering, electrical engineer and acoustician acoustic design.
Access to the Fame will continue to be via traditional route by the road. The scenic
railway will be the centre-piece of the park. It will be restored to full working condition and
offer rides of approximately duration, except in very wet weather (the heavy rainy and safe
reason, the railway is unable to operate). The scenic railway will have the most visual impact
and, in the cold weather, the lighting of it will create a magical effect that will be centerpiece
of the park' cold season.

The Fame Inspiration Masterplan 1

20

The Fame Inspiration Masterplan 2

Example of Rides that will be at The Fame 1 : Rollor Coaster

Retrieved from: www.wisegeek.org/what-is-a-roller-coaster.htm

21

Example of Rides that will be at The Fame 2 : Ferris Wheel

Retrieved from: tiffanyrachelle.wordpress.com/2011//02/

Example of Rides that will be at The Fame 3 : Galloper

Retrieved from: hnlino.en.alibaba.com/product/508206675

22

Example of Rides that will be at The Fame 4 : MaxAir

Retrieved from: www.flickriver.com/photos/tags/cedarpoint/interesting/

Example of Rides that will be at The Fame 5 : Thrill Dragster

Retrieved from: www.themeparkcritic.com/1203/top-thrill--dragter.aspx

23

Example of Rides that will be at The Fame 6 : Lanna Huanted House

Retrieved from: matthew-atanasiu.blogspot.com/2012/10/the-haunted-house_20.html?m=1

The Fame Cinema

Retrieved from: www.electriccinema.co.uk

24

Chapter 3
Marketing Analysis

25

3.1 General Environment Analysis

Human have to live together in community that it has to set rule and regulation for run to business to
be peace in term of sharing resources. So it is the activities of economic or identifies the way of life in
daily. It is behavior of social or defines regulation for authority allocation in defines social roles and
relationship between them that to the business of people in society has gone well under the rules.
3.1.1 Political factor
Nowadays, travel industry suffer the impact from political that it has conflict of social as yellow shirt,
red shirt or airport closures and that revolution, government leaders to change frequently, so that it
makes to

domestic tourist and international tourist lack of believe from violence image has

communicated to other media that it is the biggest impact of business. From the problem customer
can avoid the political problem by we offer the new way to solve tension in the daily life that
customer can come to visit FAME PARK. Although Thailand has a political problem, the business
man still comes to invest business. But the political problem has less impact on the tourism industry.
3.1.2 Economy factor
Currently, Chiang Mai is the capital and growth of the second from Bangkok because Chiang
Mai has a prosperous economy. There is an educational institution since kindergarten to university.
The tourist industry makes the income to population of Chiang Mai. It is from Chiang Mai has been
called. "Rose beauty of Thailand" out of Chiang Mai has the beauty of natural and climate, ancient
antiquities, tradition, and ancient cultures. It is all attractions of tourists. From statistic in the year
2555(office of the national economic and social advisory council, 2013), in the forth one in the sector
of tourist and services has been expanded from the previous. The international tourist arrivals to
Thailand about 5.7 million (office of the national economic and social advisory council, 2013). It is
increase from the same period last year 7.1 percents of tourist (office of the national economic and
social advisory council, 2013). And tourist sector and service make income 258,102 by the tourist
(office of the national economic and social advisory council, 2013). So investment in here is
interesting to invest to make the profit and revenue to the business man.

26

(Office of the national economic and social advisory council, 2013)

3.1.3 Social and Environment

Environment and Resources:
From theme park business use more areas which must be used in the area of the forest and the trees
are numerous. The forest will be decrease more than past. So the business will use worth recourses
and reforestation in the part to build the theme park and that have an activities about preserve ecology
and conservation of natural forests and abundant natural resources back to the original as possible.
Social: Specific is employee (Mid-South Community College, 2013)

Payment for time not worked

Paid vacations
Sick leave

Health care

Life Insurance

Retirement plans

Disability protection

Employee Stock Option Plans

Supplemental Unemployment Benefits

Employee services

Premium pay

3.1.4 Technology factor

The term Technology is derived from the Greek word Technologia and techne means
craft and logia means the study of something. Technology is a very broad concept and is used
to refer to several braches of science and study. Some examples are information technology, medical

27
technology, biotechnology, etc. As the term technology branches into various fields of science and
study, so do its benefits. Let us look at the benefits of technology in some major areas of day-to-day
life (Benefit of, 2013):
Benefits of Technology in Business:
The days when the Chief Information Officer (CIO) took implementation decisions and passed the
responsibility down the line are passed. Today, the CIO is an individual who possesses business as
well as technical skills, understands the new IT issues facing a business, and drives the IT changes
from the top down. This is a clear indicator of the benefits businesses are enjoying through the
implementation of technology. Today technology is an integral part of any business right from the
purchase of computers and software to the implementation of network and security tools. This helps
businesses to: (Benefit of, 2013)

Remain up-to-date

Drive business forward

Sustain and survive competition

In short, technology has become one of the significant factors that maximize an organizations ROI.
Benefits of Technology in Communication:
From hand-held computers to touch phones, technological advancements in the field of
communication are endless. The means and the modes of communication are unlimited. Some of the
benefits of technological advancements in the field of communication are (Benefit of, 2013):

Speed : time is no longer a constraint in communication

Clarity : With megapixel images and video, and high fidelity audio systems clarity in
communication has become a never-before experience

Proximity : technological advancements have made the world a smaller place to live in

Dissemination : whether spreading information, broadcasting news, or sharing knowledge,

technology has made it faster, easier, and smarter

Benefits of Technology in Education:

Technological advancements in the field of education are fast evolving. Today, e-learning is a familiar
and popular term. Some of the benefits of technology in this field are (Benefit of, 2013):

28
Personalized learning experience: Learners are able to take control and manage their own learning.
They set their own goals, manage the process and content of learning, and communicate with peers
(Benefit of, 2013).
Immediate response: Most e-learning programs provide immediate feedbacks on learner
assessments. Similarly there are features such as chat, discussion boards, e-libraries, etc that allow
clarifications at a faster pace than in traditional classrooms (Benefit of, 2013).
Self-paced: Learners can chart courses at their own pace. This ensures higher levels of motivation
both in terms of completing the course as well as in performance (Benefit of, 2013).
Greater access: Technological advancements have opened education to learners with learning
disabilities and in remote locations (Benefit of, 2013).
External Environment: Business & Technology
Technological change refers to the changes in production techniques and production equipment. It
could be a change in the machinery used to make a product or the computers to design a product.
More recently it is the use of the computers and information technology (IT) to improve the efficiency
and competitiveness of businesses that has led to technological change. Since technological is so
rapid, there are important implications for businesses (Jim Riley , 2012).
A business can be affected by the following technological change:

In production

In provision of services

In the office

Technological change in production

Technological change leads to improved production of goods and services due to (Jim Riley , 2012).
Computer-aided manufacturing (CAM) this reduces labor costs, is more accurate and faster and
can work at any hour of the day. The computer controls the machinery (Jim Riley , 2012).
Computer-aided design (CAD) Computers are used to help design products using computer
generated models and 3D drawings. Reduces the need to build physical models to test certain
conditions, known as prototypes. This can be expensive to produce just for testing purposes (e.g.
aircraft or new cars) (Jim Riley , 2012).
Electronic point of sale (EPOS) and Electronic Funds Transfer at Point of Sale (EFTPOS) speed up
transactions in shops and give vital information for businesses so can sort out their stock levels.

29
EFTPOS means that shoppers can pay for goods and services using credit and debit cards.
Technological change in the office helps speed up the movement of information and improves the
analysis of information (Jim Riley , 2012):

Communication is improved through the use of the intranet and Internet. The intranet is an
internal system of computer communication while the internet can be used to communicate
with customers, suppliers amongst others in the outside world (through websites and email).

Workers can work away from the office using mobile technology such as phones, laptops and
modems.

Computers can be used to process, analyze and store vast amounts of data to give the business
more quality information.

E-commerce is the ability of businesses to trade with the world via websites. This means that there is
a larger market and the business is now open 24 hours a day. This has provided opportunities for
businesses that could only trade locally to now expand the size of the market (e.g. Amazon as
worldwide book and CD sellers). Customers can also shop around for the best deals for new products.
The Internet can also be useful for recruitment purposes. Job vacancies can be advertised and targeted
to the right audience, often costing less than print alternatives. E.g. e-teach sends free emails every
week detailing teachers posts to subscribers (Jim Riley , 2012).

Technological change can be very expensive: technology involves the following additional costs
(Jim Riley , 2012):

Purchasing the equipment

Installation

Training staff

Maintenance

Replacement/upgrading

There is legislation associated with the use of technology e.g. computer screens noise levels.In
summary technological change can bring the following benefits to a business (Jim Riley , 2012):

Reduced running costs

Improved productivity

Improved competitiveness

Lower costs per unit of product

Improved quality of service (e.g. speed of service)

30

Reduced wastage

If the benefits of the above outweigh the costs, then a business should be investing in new technology.
(Jim Riley , 2012)

3.2 Competition Analysis (3Cs Analysis)

3.2.1 Competitor Analysis
We have to know who our dir ect and indir ect competitors are. Then do the
Competitors Industry analysis or compare with our companys competitive advantages.
3.2.1.1 Direct Competitor
According to 1stopchiangmai.com (2012), our company is the first theme park in Chiang Mai,
so it doesnt appear before.
3.2.1.2 Indirect Competitor
In Chiang Mai, The substitute product and ser vice is about someplace that
provides fun and can go for relaxed in the holiday. Central department store, playground at
some park, and zoo are our indirect competitor.

3.2.2 Customer Analysis

Customer

is

the person who uses

our product

and service and goes

further

than their expectation then they will pay money to us and can evaluate our performance. We need
to know who is our customer and how many of them. Our customer is everyone who goes to use our
product and service of company which offer many kinds of playthings. However, our segment is
divided in two main group of customer.

31
Ministry of Tourism and Sports, Thailand
International Tourist Arrivals to Thailand
By Nationality
January - December 2012
Nationality

2012
Number

East Asia

2011
%Share

Number

%
%Share

2012/2011

12,502,194

56.06

10,345,866

53.80

20.84

6,253,480

28.04

5,594,577

29.09

11.78

Brunei

10,240

0.05

7,471

0.04

37.06

Cambodia

424,766

1.90

265,903

1.38

59.74

Indonesia

448,748

2.01

370,795

1.93

21.02

Laos

951,090

4.26

891,950

4.64

6.63

Malaysia

2,560,963

11.48

2,500,280

13.00

2.43

Myanmar

129,924

0.58

110,671

0.58

17.40

Philippines

288,889

1.30

268,375

1.40

7.64

Singapore

821,056

3.68

682,364

3.55

20.33

Vietnam

617,804

2.77

496,768

2.58

24.36

2,789,345

12.51

1,721,247

8.95

62.05

472,699

2.12

411,834

2.14

14.78

Japan

1,371,253

6.15

1,127,893

5.87

21.58

Korea

1,169,131

5.24

1,006,283

5.23

16.18

394,475

1.77

447,610

2.33

-11.87

ASEAN

China
Hong Kong

Taiwan

32
Others

51,811

0.23

36,422

0.19

42.25

Europe

5,617,817

25.19

5,101,406

26.53

10.12

Austria

94,197

0.42

89,242

0.46

5.55

Belgium

94,549

0.42

82,610

0.43

14.45

Denmark

167,118

0.75

164,096

0.85

1.84

Finland

148,649

0.67

157,046

0.82

-5.35

France

572,996

2.57

515,572

2.68

11.14

Germany

681,566

3.06

619,133

3.22

10.08

59,894

0.27

58,945

0.31

1.61

Italy

199,089

0.89

185,869

0.97

7.11

Netherlands

207,499

0.93

198,891

1.03

4.33

Norway

147,819

0.66

136,931

0.71

7.95

1,317,387

5.91

1,054,187

5.48

24.97

Spain

113,270

0.51

95,383

0.50

18.75

Sweden

350,565

1.57

373,856

1.94

-6.23

Switzerland

190,784

0.86

170,044

0.88

12.20

United Kingdom

870,164

3.90

844,972

4.39

2.98

East Europe

279,690

1.25

240,886

1.25

16.11

Others

122,581

0.55

113,743

0.59

7.77

1,080,148

4.84

952,519

4.95

13.40

Argentina

17,789

0.08

12,970

0.07

37.15

Brazil

30,008

0.13

24,560

0.13

22.18

Ireland

Russia

The Americas

33
Canada

218,019

0.98

194,356

1.01

12.18

USA

767,420

3.44

681,748

3.55

12.57

46,912

0.21

38,885

0.20

20.64

South Asia

1,289,641

5.78

1,158,092

6.02

11.36

Bangladesh

72,897

0.33

65,150

0.34

11.89

1,015,865

4.55

914,971

4.76

11.03

Nepal

26,258

0.12

25,382

0.13

3.45

Pakistan

71,997

0.32

73,727

0.38

-2.35

Sri Lanka

73,338

0.33

53,636

0.28

36.73

Others

29,286

0.13

25,226

0.13

16.09

Oceania

1,046,753

4.69

933,534

4.85

12.13

Australia

930,599

4.17

829,855

4.32

12.14

New Zealand

113,509

0.51

101,092

0.53

12.28

2,645

0.01

2,587

0.01

2.24

604,659

2.71

601,146

3.13

0.58

Egypt

19,911

0.09

16,703

0.09

19.21

Israel

129,184

0.58

125,093

0.65

3.27

Kuwait

64,536

0.29

55,788

0.29

15.68

Saudi Arabia

17,098

0.08

12,521

0.07

36.55

U.A.E.

113,174

0.51

108,608

0.56

4.20

Others

260,756

1.17

282,433

1.47

-7.68

Africa

161,853

0.73

137,907

0.72

17.36

Others

India

Others
Middle East

34
S.Africa

75,496

0.34

68,496

0.36

10.22

Others

86,357

0.39

69,411

0.36

24.41

22,303,065

100.00

19,230,470

100.00

15.98

Grand Total

Source of Data: Immigration Bureau, Police Department.

Tourist Arrivals excluded Overseas Thai
Retrieved from: http://61.19.236.137/tourism/th/home/tourism.php

Internal Tourism in Chiang Mai

Tourism Authority of Thailand

Number
6,000,000
5,500,000
5,000,000
4,500,000
4,000,000
3,500,000
3,000,000
1998

1999

2000

2001

2002

2003

2004

2005

2007

2006

2007

2006

Age
Under 25

1,514,451

753,574

+ 100.97

25 - 34

1,833,406

1,860,010

- 1.43

35 - 44

974,990

1,530,870

- 36.31

45 - 54

676,730

884,986

- 23.53

55 and over

357,290

560,886

- 36.30

35

Travel Arrangement
Group Tour

1,340,385

1,195,484

+ 12.12

Non Group Tour

4,016,482

4,394,842

- 8.61

Sex
Male

2,641,239

2,723,970

- 3.04

Female

2,715,628

2,866,356

- 5.26

Region of Residence
1. Thai
- Bangkok

835,704

716,825

+ 16.58

- Central Region

232,249

464,110

- 49.96

- Western Region

130,280

193,042

- 32.51

- Eastern Region

146,963

182,683

- 19.55

- Northern Region

1,948,754

1,406,703

+ 38.53

- Southern Region

107,683

362,233

- 70.27

- Northeastern Region

200,094

214,176

- 6.57

2. Foreigners
- The Americas

265,933

- Europe

647,858

336,877
826,361

- 21.06
- 21.60

36
- Oceania

97,987

102,915

- 4.79

569,520

702,138

- 18.89

- Middle East

79,050

75,321

+ 4.95

- Africa

94,792

6,942

+ 1265.49

- ASIA

Purpose of Visit
Holiday

3,536,803

4,754,126

- 25.61

Business

527,631

342,488

+ 54.06

Official Visit

154,757

101,929

+ 51.83

Convention

960,071

297,247

+ 222.99

Others

177,605

94,536

+ 87.87
Tourism Authority of Thailand

Retrieved from: http://www2.tat.or.th/stat/web/static_tst.php

According to Kerin and et al. (2009), marketing doesnt stop with the discovery of consumer
needs. Because the organization obviously cant satisfy all consumer needs, it must concentrate its
efforts on certain needs of a specific group of potential consumers. This is target market one or more
specific group of potential consumers toward which an organization directs its marketing program
(p.12).

One of the many questions Thais may ask a foreigner visiting Thailand is Have you
been to Chiang Mai yet? underscoring the feeling that Chiang Mai is a keystone of any
journey to Thailand. Located more than 700km northwest of Bangkok, Chiang Mai has in
excess of 300 temples (121 within the Thtsbaan or municipal limits) almost as many as
are in Bangkok a circumstance that makes the old city center visually striking. Thais
idealism their beloved northern capital as a quaint, moated and walled city surrounded by
mountains with legendary, mystical attributes. In reality, Chiang Mai is a dynamic and
modern city, which has successfully managed to combine its rich history and traditions with
its increasingly modern side. However, a result of this rapid development has been the rise in
traffic and pollution. Environmentalists are also voicing concerns about development of the

37

verdant and auspicious Doi Suthep Mountain (1676m), located to the west of the city, and
sometimes referred to as Chiang Mais lungs. Chiang Mai has always had many feathers to its
bow with its cultural riches, relative peacefulness, fantastic handicraft shopping, delicious
food and proximity to many natural treasures. Changes are afoot however, with the city
becoming somewhere to watch in the style stakes. Chic, Thai-style boutique hotels are
popping up everywhere, and one look at the trendsetters setting up shop (and bars and
restaurants), particularly in the Thanon Nimmanhaemin area, shows that the citys identity is
changing. Yet, the northern capital still manages to retain the relaxed, temple-sprinkled,
cultural capital atmosphere of yore, alongside these new hip happenings. With its many and
varied attractions, the days of Chiang Mai just being a quick stop off point before heading to
the hills are long gone. ("Introducing Chiang Mai," 2013)

Market Segmentation
The Fame Market Segmentation by
Demographic (Age)

13%

7%

28%

18%
34%

Under 25

25 - 34

35 - 44

45 - 54

55 and over

The Fame business firm segments its market by demographic. There are five distinct groups
of tourists age in Chiang Mai, according to a survey by Tourism Authority of Thailand, a leading
market intelligence statistic. The survey covered over 5,356,867 individuals in Chiang Mai. The
individuals are categorized according to their different ages.
The largest group is between the ages of 25 and 34, making up 34 percent. The second largest
group is under 25 year-old, making up 28 percent. The third group is between the ages of 35 and 44,
making up 18 percent. The fourth group is between the ages 45 and 54, making up 13 percent. The
fifth group is 55 and over, making up 7 percent. Base on this study, we can see that affluent group in
The Fame is the ages of 24 and 34.

38
Market Position of the Fame

High Service

Children

Adult

High Service

Market Position: Using positioning and perceptual maps to increase the sale to children and adults.
According to Marketing in Asia (2012), the unique theme park is an increasing concern of
consumers.

Target Market
The primary target market for The Fame products and service is individuals in between the
ages of 25 and 34.
3.2.3 Competitive Analysis for our Company
Because we have to know ourselves for use it to compete with the competitor, like the idiom
said One who knows the enemy and knows himself will not be in danger in a hundred battles. We
are monopoly in Chiang Mai because we are the first amusement park, according to destination
marketing in Chiang Mai, none of business sector in theme park business, so the proportion of our
company in the Chiang Mai market shares nearly to be 100%. For our Service and Product we did not
sell in high price and we have the differentiation in our concept. We did not only focus on having fun

39
but also support the learning in both physical and psychological. We help people to have wide society.
Our company relies on technology to create the amusement park. We need the up to date information
about the related technology to improve our company to be on the majority line of Life Cycle.

3.3 STP analysis

3.3.1 Market segmentation
Target visitors of Rollor Coaster, Ferris Wheel, Galloper, MaxAir, Thrill Dragster, and
Lanna Huanted House focus on age under 25 years old because the rides can make the teenage to get
enjoyable and adventure from the rides.
3.3.2 Target analysis
The largest target market of the theme park focus on between the ages of 25 and 35. making
up 34 percent and there are statements made young foreign tourists, 10 percentage , 30 percent and 60
percent promotion to return to the client. The price promotion and discount. The expected total
revenue increased 20 percent to 500 million and 1.5 million subscribers this year.
3.3.3 Position analysis

A position is the way a company's brand fits into targeted market segments relative to
competitors. Companies try to established differentiated brand benefits to stand out from
competitors. Ultimately, customers decide how to react to a company's brand and position
relative to others. When conducting positional analysis, the key is to determine what position
the company intends to have and how its brand is actually perceived by customer markets.
(smallbusiness, 2012)

3.4 Marketing Mix Strategy

3.4.1 Product
From studying, the majority of customers concern about standard of theme park and about
accident. Therefore we emphasize the high quality of equipment consider with the position and source
of equipment where standard and high quality including the variety of product in our theme park for
response and make our customers satisfy with our theme park.

40
3.4.2 Price
From studying, the majority of customers concern in reasonable price which suitable with the
theme park and then they concern about special price or discount for customers loyalty. Therefore we
emphasize the reasonable price for customers and establish standard price for customers satisfaction
including the discount for customers who loyalty with theme park. In this reason we can make
customers loyalty and honesty with us. The prices have 2 types; a ticket through the door only, adult
150 Baht per person, child 120 Baht per person, if you want to player, you can buy the ticket in front
of that rides. Ticket prices include 450 baht per person, but this ticket can play all kinds of amusement
machines.
3.4.3 Place
The Theme park at Chiang Mai; the location is 100 Rai through the main Ring Road, Mae
Rim

away

from

the

city

around

15

minutes

(http://translate.google.com/translate?hl=th&ie=UTF8&prev=_t&rurl=translate.google.co.th&sl=th
&tl=en&twu=1&u=http://www.paulestherland.com/), which we emphasize about big place and
convenience for itinerary. Involve more parking lots and car security from steal to make customers
comfortable and security. Overall strategy can attract more customers from Northern of Thailand and
we will get benefit because we dont have compete
3.4.4 Promotion
From studying, the majority of customers concern about accident from playing. Therefore we
emphasize the insurance to make customers sure in our theme park and we also need to promote with
WOM, TV, Radio, signboard at the building location, post the poster at the university and the
department store and so on. In addition, our theme park has special discount in the end semester for
children to make customers happy.

41
3.5 Table of sale on forecast
January

February

March

April

May

June

July

August

September

October

November

December

Total sale

1st year
Rides ticket fee
Adult

4,200,000

4,000,000

4,100,000

4,300,000

4,000,000

3,900,000

3,800,000

3,650,000

3,600,000

4,100,000

4,000,000

4,100,000

47,750,000

Children

3,600,000

3,300,000

3,400,000

3,500,000

3,800,000

3,500,000

3,400,000

3,200,000

3,100,000

3,900,000

3,700,000

3,800,000

42,200,000

Group

1,900,000

1,800,000

1,900,000

2,100,000

2,000,000

1,880,000

1,800,000

1,700,000

1,750,000

1,900,000

1,700,000

1,870,000

22,300,000

6,000,000

6,000,000

6,000,000

6,000,000

6,000,000

6,000,000

6,000,000

6,000,000

6,000,000

6,000,000

6,000,000

6,000,000

72,000,000

2,200,000

2,050,000

2,100,000

2,200,000

2,000,000

1,950,000

1,850,000

1,700,000

1,650,000

1,800,000

1,700,000

1,900,000

23,100,000

2,000,000

1,800,000

1,860,000

2,050,000

1,850,000

1,800,000

1,780,000

1,620,000

1,600,000

1,850,000

1,700,000

1,780,000

21,690,000

2,300,000

2,200,000

2,250,000

2,300,000

2,100,000

2,000,000

1,900,000

1,800,000

1,700,000

2,100,000

1,900,000

2,080,000

24,630,000

22,200,000

21,150,000

21,610,000

22,450,000

21,750,000

21,030,000

20,530,000

19,670,000

19,400,000

21,650,000

20,700,000

21,530,000

253,670,000

Adult

4,400,000

4,200,000

4,300,000

4,500,000

4,400,000

4,300,000

4,250,000

4,200,000

4,150,000

4,300,000

4,300,000

4,380,000

51,680,000

Children

4,250,000

4,000,000

4,100,000

4,300,000

4,100,000

4,000,000

4,100,000

4,000,000

3,900,000

4,200,000

4,080,000

4,000,000

49,030,000

Group

2,100,000

1,980,000

2,080,000

2,200,000

2,100,000

1,900,000

1,850,000

1,800,000

1,850,000

2,000,000

1,800,000

1,900,000

23,560,000

6,000,000

6,000,000

6,000,000

6,000,000

6,000,000

6,000,000

6,000,000

6,000,000

6,000,000

6,000,000

6,000,000

6,000,000

72,000,000

2,500,000

2,350,000

2,400,000

2,550,000

2,400,000

2,200,000

2,100,000

2,080,000

2,000,000

2,300,000

2,250,000

2,300,000

27,430,000

2,300,000

2,100,000

2,200,000

2,300,000

2,250,000

2,200,000

2,100,000

2,000,000

1,900,000

2,250,000

2,180,000

2,200,000

25,980,000

Outlet
Rental fee
Cinema
4D ticket
Other
Food&beverage
The special
product
Total sale
2nd year
Rides ticket fee

Outlet
Rental fee
Cinema
4D ticket
Other
Food&beverage
The special
product
Total sale

2,700,000

2,600,000

2,700,000

2,750,000

2,680,000

2,600,000

2,500,000

2,450,000

2,460,000

2,600,000

2,500,000

2,580,000

31,120,000

24,250,000

23,230,000

23,780,000

24,600,000

23,930,000

23,200,000

22,900,000

22,530,000

22,260,000

23,650,000

23,110,000

23,360,000

280,800,000

42
January

February

March

April

May

June

July

August

September

October

November

December

Total sale

Adult

4,900,000

4,800,000

4,950,000

5,100,000

4,900,000

4,850,000

4,800,000

4,700,000

4,650,000

4,900,000

4,800,000

4,900,000

58,250,000

Children

4,700,000

4,600,000

4,700,000

4,900,000

4,800,000

4,700,000

4,700,000

4,550,000

4,500,000

4,700,000

4,700,000

4,800,000

56,350,000

Group

3,000,000

2,900,000

2,950,000

3,150,000

3,000,000

2,950,000

2,800,000

2,800,000

2,720,000

3,100,000

3,000,000

3,120,000

35,490,000

6,000,000

6,000,000

6,000,000

6,000,000

6,000,000

6,000,000

6,000,000

6,000,000

6,000,000

6,000,000

6,000,000

6,000,000

72,000,000

2,900,000

2,800,000

2,980,000

3,100,000

3,000,000

2,900,000

2,700,000

2,550,000

2,500,000

3,100,000

3,000,000

3,100,000

34,630,000

2,700,000

2,600,000

2,740,000

2,800,000

2,700,000

2,600,000

2,550,000

2,500,000

2,400,000

2,880,000

2,800,000

2,900,000

32,170,000

3rd year
Rides ticket fee

Outlet
Rental fee
Cinema
4D ticket
Other
Food&beverage
The special
product

3,200,000

3,100,000

3,300,000

3,400,000

3,300,000

3,200,000

3,100,000

3,000,000

2,900,000

3,300,000

3,200,000

3,500,000

38,500,000

27,400,000

26,800,000

27,620,000

28,450,000

27,700,000

27,200,000

26,650,000

26,100,000

25,670,000

27,980,000

27,500,000

28,320,000

327,390,000

Adult

5,400,000

5,280,000

5,350,000

5,500,000

5,400,000

5,300,000

5,200,000

5,100,000

5,000,000

5,300,000

5,200,000

5,300,000

63,330,000

Children

5,200,000

5,000,000

5,280,000

5,400,000

5,250,000

5,150,000

5,000,000

5,000,000

4,900,000

5,100,000

5,000,000

520,000

56,800,000

Group

4,000,000

3,980,000

4,020,000

4,300,000

4,200,000

4,170,000

4,080,000

4,000,000

3,800,000

4,180,000

4,060,000

4,200,000

48,990,000

6,900,000

6,900,000

6,900,000

6,900,000

6,900,000

6,900,000

6,900,000

6,900,000

6,900,000

6,900,000

6,900,000

6,900,000

82,800,000

3,500,000

3,400,000

3,400,000

3,800,000

3,700,000

3,650,000

3,550,000

3,500,000

3,380,000

3,600,000

3,500,000

3,600,000

42,580,000

3,250,000

3,200,000

3,300,000

3,600,000

3,500,000

3,400,000

3,350,000

3,300,000

3,180,000

3,400,000

3,300,000

3,380,000

40,160,000

3,880,000

3,790,000

3,800,000

4,200,000

4,100,000

4,000,000

3,950,000

3,900,000

3,800,000

4,000,000

3,900,000

4,100,000

47,420,000

32,130,000

31,550,000

32,050,000

33,700,000

33,050,000

32,570,000

32,030,000

31,700,000

30,960,000

32,480,000

31,860,000

28,000,000

382,080,000

Total sale
4th year
Rides ticket fee

Outlet
Rental fee
Cinema
4D ticket
Other
Food&beverage
The special
product
Total sale

43
January

February

March

April

May

June

July

August

September

October

November

December

Total sale

Adult

6,100,000

5,900,000

6,100,000

6,200,000

6,100,000

6,000,000

5,900,000

5,800,000

5,700,000

6,000,000

5,880,000

5,900,000

71,580,000

Children

5,800,000

5,700,000

5,900,000

6,000,000

5,900,000

5,800,000

5,700,000

5,600,000

5,500,000

5,800,000

5,750,000

3,800,000

67,250,000

Group

5,050,000

5,000,000

5,000,000

5,300,000

5,200,000

5,100,000

5,000,000

4,900,000

4,800,000

5,150,000

5,092,000

5,000,000

60,592,000

6,900,000

6,900,000

6,900,000

6,900,000

6,900,000

6,900,000

6,900,000

6,900,000

6,900,000

6,900,000

6,900,000

6,900,000

82,800,000

4,500,000

4,400,000

4,550,000

4,680,000

4,600,000

4,500,000

4,400,000

4,300,000

4,200,000

4,400,000

4,300,000

4,350,000

53,180,000

4,200,000

4,100,000

4,220,000

4,600,000

4,500,000

4,500,000

4,300,000

4,200,000

4,150,000

4,000,000

3,900,000

3,980,000

50,650,000

5th year
Rides ticket fee

Outlet
Rental fee
Cinema
4D ticket
Other
Food&beverage
The special
product
Total sale

4,800,000

4,500,000

4,830,000

5,000,000

4,900,000

4,800,000

4,700,000

4,600,000

4,500,000

4,700,000

4,600,000

4,700,000

56,630,000

37,350,000

36,500,000

37,500,000

38,680,000

38,100,000

37,600,000

36,900,000

36,300,000

35,750,000

36,950,000

36,422,000

34,630,000

442,682,000

44

3.5 Marketing Expenses (Sales, Incentives)

3.5.1 Total Marketing Expense in Year 2013
January

February

March

April

May

June

July

August

September

October

November

December

Total

Radio Ads.

Detail

2,500

2,500

2,500

2,500

2,500

2,500

2,500

2,500

2,500

2,500

2,500

2,500

30,000

Leaflets

3,000

3,000

3,000

3,000

12,000

Signboard

25,000

25,000

25,000

75,000

Booth

50,000

20,000

10,000

80,000

Public Relation

15,000

5,000

5,000

5,000

5,000

35,000

Ticket voucher

5,000

5,000

5,000

5,000

5,000

5,000

5,000

5,000

5,000

5,000

5,000

5,000

60,000

Other

10,000

1,000

1,000

1,000

1,000

1,000

1,000

1,000

1,000

1,000

1,000

1,000

21,000

101,5000

8,500

13,500

56,500

8,500

13,500

11,500

38,500

8,500

21,500

13,500

8,500

333,000

Total marketing
expense

3.3.2 Total Marketing Expense in Year 2014

Detail

January

February

March

April

May

June

July

August

September

October

November

December

Total

2,500

2,500

2,500

2,500

2,500

2,500

2,500

2,500

2,500

2,500

2,500

2,500

30,000

Leaflets

3,000

3,000

3,000

3,000

12,000

Signboard

25,000

25,000

25,000

75,000

Booth

20,000

20,000

10,000

50,000

Public Relation

5,000

5,000

5,000

5,000

5,000

25,000

Ticket voucher

5,000

5,000

5,000

5,000

5,000

5,000

5,000

5,000

5,000

5,000

5,000

5,000

60,000

Other

1,000

1,000

1,000

1,000

1,000

1,000

1,000

1,000

1,000

1,000

1,000

1,000

12,000

61,500

8,500

13,500

56,500

8,500

13,500

11,500

33,500

13,500

21,500

8,500

13,500

264,000

July

August

September

October

November

December

Total

Radio Ads.

Total marketing
expense

3.3.3 Total Marketing Expense in Year 2015

Detail
Radio Ads.

January

February

March

April

May

June

30,000

30,000

Leaflets

3,000

3,000

3,000

3,000

12,000

Signboard

25,000

25,000

25,000

75,000

Booth

20,000

20,000

10,000

50,000

5,000

5,000

5,000

5,000

20,000

Public Relation
Ticket voucher
Other
Total marketing
expense

20,000

10,000

10,000

40,000

1,000

1,000

1,000

1,000

1,000

1,000

1,000

1,000

1,000

1,000

1,000

1,000

12,000

49,000

1,000

26,000

49,000

1,000

6,000

4,000

26,000

16,000

14,000

1,000

46,000

239,000

45
3.3.4 Total Marketing Expense in Year 2016
Detail
Radio Ads.

January

February

March

April

May

June

July

August

September

October

November

December

Total

30,000

30,000

Leaflets

3,000

3,000

3,000

3,000

12,000

Signboard

25,000

25,000

25,000

75,000

Booth

20,000

20,000

10,000

50,000

5,000

5,000

5,000

5,000

20,000

Public Relation
Ticket voucher
Other
Total marketing
expense

20,000

10,000

10,000

40,000

1,000

1,000

1,000

1,000

1,000

1,000

1,000

1,000

1,000

1,000

1,000

1,000

12,000

49,000

1,000

26,000

49,000

1,000

6,000

4,000

26,000

16,000

14,000

1,000

46,000

239,000

3.3.5 Total Marketing Expense in Year 2017

Detail

January

February

March

April

May

June

July

August

September

October

November

December

Total

30,000

30,000

Leaflets

3,000

3,000

3,000

3,000

12,000

Signboard

25,000

25,000

25,000

75,000

Booth

20,000

20,000

10,000

50,000

5,000

5,000

5,000

5,000

20,000

Radio Ads.

Public Relation
Ticket voucher
Other
Total marketing
expense

20,000

10,000

10,000

40,000

1,000

1,000

1,000

1,000

1,000

1,000

1,000

1,000

1,000

1,000

1,000

1,000

12,000

49,000

1,000

26,000

49,000

1,000

6,000

4,000

26,000

16,000

14,000

1,000

46,000

239,000

3.7 Conclusion
From this project, it talks about built the theme park. The theme park uses area about 100 acres that it is a huge
theme park. It uses more money to invest the theme park that is included property, building, equipment, facilities,
recreation, and player. And high more employee that is purchasing department, sales and marketing department,
accounting and financing department, staff, security, executive department, manager department, housekeeping and
gardener.
There is more activity to serve the customer. The target group is children and adult. The player separate in two
types that are children zone and adult zone. In addition, there is a garden park area for customer who would like to relax
and take a photo. In the garden park will gather more flower species in the theme park. Also, there are Thai food that is
local food and international foods such as Japanese food, American food, Korean food and Italian food. And that it has a
souvenir shop liked a handmade to create by local people. Moreover, the theme park has cartoon fancy parade, four
regions or Thai culture parade.

46

Chapter 4
Investment Cost

47

4.1 Cost of Investment

Building
We will make a new building of theme park in suburb of Chiang Mai. Because the location is near a mountain or hilly and that have a
wide area to build it and also that is center of commerce, industry, transport and tourism. Chiang Mai has never built theme park business
before that has great impact on the economy and investment also the location is suitable to build it.

Investment
Building
Vehicle
Roller Coaster
Galloper
Max air
Thrill Dragster
Ferries wheel
Lanna Hunted house
Frame cinema
Computer
Films screen
Air-condition
Cash entry equipment
Projector
Vacuum bottles
Refrigerators
Water cooler and hot
Microwaves
Telephones

Year1
8,500,000
725,000
36,000,000
1,500,000
260,000,000
750,000,000
3,000,000
135,392,000
63,465,000
636,000
178,000
300,000
56,000
80,000
4,120
30,000
10,500
8,400
8,330

Year2
8,500,000
725,000
36,000,000
1,500,000
260,000,000
750,000,000
3,000,000
135,392,000
63,465,000
636,000
178,000
300,000
56,000
80,000
4,120
30,000
10,500
8,400
8,330

Year3
8,500,000
725,000
36,000,000
1,500,000
260,000,000
750,000,000
3,000,000
135,392,000
63,465,000
636,000
178,000
300,000
56,000
80,000
4,120
30,000
10,500
8,400
8,330

Year4
8,500,000
725,000
36,000,000
1,500,000
260,000,000
750,000,000
3,000,000
135,392,000
63,465,000
636,000
178,000
300,000
56,000
80,000
4,120
30,000
10,500
8,400
8,330

Year5
8,500,000
725,000
36,000,000
1,500,000
260,000,000
750,000,000
3,000,000
135,392,000
63,465,000
636,000
178,000
300,000
56,000
80,000
4,120
30,000
10,500
8,400
8,330

48

Investment
Faxes &Printers
Televisions
Cutting paper machine
Total

Year1
57,000
27,600
3,750
1259,981,700

Year2
57,000
27,600
3,750
1259,981,700

Year3
57,000
27,600
3,750
1259,981,700

4.2 Pre Operating Cost

Pre Operation cost
Landscape

Total price
400,000,000

Fee
Transfer 2%

8,000,000

Taxation 0.5 %

2,000,000

Business tax 3.3%

Mortgage of land 1%
Total

13,200,000
4,000,000
427,200,000

Equipment

438,960

Decoration

150,000,000

Total

150,438,960

Year4
57,000
27,600
3,750
1259,981,700

Year5
57,000
27,600
3,750
1259,981,700

49

4.3 Investment Cost

No.

Detail

Amount

Price

Total

100

4,000,000

400,000,000

Land

Land preparation

1,200,000

1,200,000

Buliding

13,000,000

13,000,000

18,200,000

414,200,000

10

8,000

80,000

18,000

72,000

12

11,000

132,000

8,500

68,000

12

17,500

210,000

13,000

52,000

76,000

614,000

Total
Tool
4
5
6
7
8
9

Vacuum cleaners
Floor Machine
Receivers
Lawnmowers
Winn cooling
Water coolers
Total

Machine
10

Computers

40

15,900

636,000

11

Central air

50,000

50,000

12

Air-conditions

15

20,000

300,000

13

Cash entry equipment

28,000

56,000

14

Projector

150,000

150,000

15

Vacuum bottles

1,030

4,120

16

Refrigerators

7,500

30,000

17

Water cooler and hot

3,500

10,500

18

Microwaves

2,100

8,400

19

Telephones

17

490

8,330

20

Faxes & Printers

9,500

57,000

50

No.

Detail

Amount

Price

Total

21

Televisions

6,900

27,600

22

Cutting paper machine

1,250

3,750

23

Roller coaster

36,000,000

36,000,000

24

Ferries wheel

3,000,000

3,000,000

25

Galloper

1,500,000

1,500,000

26

Max Air

260,000,000

260,000,000

27

Thrill Dragster

750,000,000

750,000,000

28

Lanna Huanted house

135,392,000

135,392,000

29

Frame cinema

63,465,000

63,465,000

1,249,576,458

1,250,389,870

Total
Equipment
30

Bins

15

3,500

52,500

31

Litter Bin

250

2,000

32

Office equipment

8,500

8,500

33

Toilet equipment

4,500

4,500

34

Cleaning equipment

5,900

5,900

Total

22,650

73,400

160,000

160,000

Infrastructure
35

Parking

36

Road

16,520,000

16,520,000

37

Electricity

60,426,000

60,426,000

38

Water supply

14,880,000

14,880,000

39

Restroom

11,000

330,000

40

Food park

68,000

68,000

92,065,000

92,384,000

Total

30

51

No.

Detail

Amount
Furniture

Price

Total

41

Counter for buy ticket

3,700

14,800

42

Counter

5,800

11,600

43

Clothes lines

1,000

2,000

44

File cabinets

6,820

61,380

45

32,000

32,000

46

Meeting Table Set [Big]

Meeting Tables Set
[Small]

6,890

27,560

47

Workstations

39,000

234,000

48

Bookshelf

850

1,700

49

Lockers

10

9,500

95,000

50

President desk

19,900

19,900

51

Office desks

12

1,950

23,400

52

Arm chairs

12

1,200

14,400

53

Chairs

70

259

18,130

54

Sofas

4,890

19,560

133,759

575,430

Total

52

4.4 Facility Layout

53

4.5 Depreciation
Investment

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Total

54,167

54,167

54,167

54,167

54,167

54,167

54,167

54,167

54,167

54,167

54,167

54,167

650,000

vacuum cleanner

1,333

1,333

1,333

1,333

1,333

1,333

1,333

1,333

1,333

1,333

1,333

1,333

16,000

Floor Machine

1,200

1,200

1,200

1,200

1,200

1,200

1,200

1,200

1,200

1,200

1,200

1,200

14,400

Winn cooling

3,500

3,500

3,500

3,500

3,500

3,500

3,500

3,500

3,500

3,500

3,500

3,500

42,000

build

867

867

867

867

867

867

867

867

867

867

867

867

10400

Computers

17,667

17,667

17,667

17,667

17,667

17,667

17,667

17,667

17,667

17,667

17,667

17,667

212,000

Central air

833

833

833

833

833

833

833

833

833

833

833

833

10000

5,000

5,000

5,000

5,000

5,000

5,000

5,000

5,000

5,000

5,000

5,000

5,000

60,000

Water coolers

Air-conditions

933

933

933

933

933

933

933

933

933

933

933

933

11200

1,333

1,333

1,333

1,333

1,333

1,333

1,333

1,333

1,333

1,333

1,333

1,333

16,000

69

69

69

69

69

69

69

69

69

69

69

69

824

Refrigerators

500

500

500

500

500

500

500

500

500

500

500

500

6000

Water cooler and hot

175

175

175

175

175

175

175

175

175

175

175

175

2100

Microwaves

140

140

140

140

140

140

140

140

140

140

140

140

1680

Telephones

139

139

139

139

139

139

139

139

139

139

139

139

1666

Faxes & Printers

950

950

950

950

950

950

950

950

950

950

950

950

11400

Televisions

460

460

460

460

460

460

460

460

460

460

460

460

5520

Cash entry equipment

Projector
Vacuum bottles

63

63

63

63

63

63

63

63

63

63

63

63

750

Roller coaster

200,000

200,000

200,000

200,000

200,000

200,000

200,000

200,000

200,000

200,000

200,000

200,000

2,400,000

Ferries wheel

16,667

16,667

16,667

16,667

16,667

16,667

16,667

16,667

16,667

16,667

16,667

16,667

200,000

Cutting paper machine

Galloper

8,333

8,333

8,333

8,333

8,333

8,333

8,333

8,333

8,333

8,333

8,333

8,333

100,000

Max Air

1,444,444

1,444,444

1,444,444

1,444,444

1,444,444

1,444,444

1,444,444

1,444,444

1,444,444

1,444,444

1,444,444

1,444,444

17,333,333

Thrill Dragster

4,166,667

4,166,667

4,166,667

4,166,667

4,166,667

4,166,667

4,166,667

4,166,667

4,166,667

4,166,667

4,166,667

4,166,667

50,000,000

Lanna Huanted house

752,178

752,178

752,178

752,178

752,178

752,178

752,178

752,178

752,178

752,178

752,178

752,178

9,026,133

Frame cinema

352,583

352,583

352,583

352,583

352,583

352,583

352,583

352,583

352,583

352,583

352,583

352,583

4,231,000

Counter for buy ticket

411

411

411

411

411

411

411

411

411

411

411

411

4933.333333

Counter

322

322

322

322

322

322

322

322

322

322

322

322

3866.666667

54
Investment

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Total

Clothes lines

56

56

56

56

56

56

56

56

56

56

56

56

666.6666667

File cabinets

1,023

1,023

1,023

1,023

1,023

1,023

1,023

1,023

1,023

1,023

1,023

1,023

12,276

Meeting Table Set [Big]

889

889

889

889

889

889

889

889

889

889

889

889

10666.66667

Meeting Tables Set [Small]

766

766

766

766

766

766

766

766

766

766

766

766

9186.666667

6,500

6,500

6,500

6,500

6,500

6,500

6,500

6,500

6,500

6,500

6,500

6,500

78,000

47

47

47

47

47

47

47

47

47

47

47

47

566.6666667

2,639

2,639

2,639

2,639

2,639

2,639

2,639

2,639

2,639

2,639

2,639

2,639

31,667

President desk

553

553

553

553

553

553

553

553

553

553

553

553

6633.333333

Office desks

650

650

650

650

650

650

650

650

650

650

650

650

7800

Arm chairs

400

400

400

400

400

400

400

400

400

400

400

400

4800

Chairs

504

504

504

504

504

504

504

504

504

504

504

504

6043.333333

Workstations
Bookshelf
Lockers

Sofas

543

543

543

543

543

543

543

543

543

543

543

543

6520

Total

7,045,503

7,045,503

7,045,503

7,045,503

7,045,503

7,045,503

7,045,503

7,045,503

7,045,503

7,045,503

7,045,503

7,045,503

236,754,456

55

Investment

Amount
13,000,000
80,000
72,000
210,000
52,000
636,000

Life use
20
5
5
5
5
3

Central air
Air-conditions

50,000
300,000

5
5

60
60

5
5

Cash entry equipment

56,000

60

Projector

80,000

60

Vacuum bottles

4,120

60

Refrigerators

30,000

60

Water cooler and hot

10,500

60

Microwaves

8,400

60

Telephones

8,330

60

Faxes & Printers

57,000

60

Televisions

27,600

60

Cutting paper machine

3,750

60

Roller coaster

36,000,000

15

180

15

Ferries wheel

3,000,000

15

180

15

Galloper

1,500,000

15

180

15

Max Air

260,000,000

15

180

15

Thrill Dragster

750,000,000

15

180

15

Lanna Huanted house

135,392,000

15

180

15

Frame cinema

63,465,000

15

180

15

build
vacuum cleanner
Floor Machine
Winn cooling
Water coolers
Computers

For month For year

240
20
60
5
60
5
60
5
60
5
60
5

56

Investment
Counter for buy ticket
Counter
Clothes lines
File cabinets
Meeting Table Set [Big]
Meeting Tables Set
[Small]
Workstations
Bookshelf
Lockers
President desk
Office desks
Arm chairs
Chairs
Sofas
Total

Amount
Life use For month For year
14,800
3
36
3
11,600
3
36
3
2,000
3
36
3
61,380
5
36
3
32,000
3
36
3
27,560
234,000
1,700
95,000
19,900
23,400
14,400
18,130
19,560
2,515,129,740

3
3
3
3
3
3
3
3
3

36
36
36
36
36
36
36
36
36

3
3
3
3
3
3
3
3
3

4.6 Conclusion
From the cost information, We will make a new building of theme park in suburb of
Chiang Mai. We need to buy Building, Vehicle, Roller Coaster, Galloper, Max air, Thrill
Dragster, Ferries wheel, Lanna Hunted house, Frame cinema, Computer, Films screen, Aircondition, Cash entry equipment, Projector, Vacuum bottles, Refrigerators, Water cooler and
hot, Microwaves, Telephones, Faxes &Printers, Televisions, Cutting paper machine and
others. We need money to investment about 1,259,981,700 baht to build the theme
park. Pre operating cost about 150,438,960 baht. For facilit y layout we have one
office, two shops, three toilets, two parkings, one cinema and five playthings. For
theme we have only one floor.

57

Chapter 5
Production and Operations Analysis

58

5.1 Product Characteristics

Rides of the theme park
5.1.1. Flight Deck Roller coaster

Duration:

1 minute, 46 seconds

Height Requirement:

52"

Manufacturer:

Vekoma

Speed:

80 km/h

Simulates the feeling of flying an F-14 fighter jet.

Trains travel at almost 80km/hour through 5 inversions highlighted by an Immelmann

loop which is named after an aircraft maneuver made famous by Max Immelmann, a
World War 1 pilot
http://www.canadaswonderland.com/

59

5.1.2. Thrill Dragster

Duration:

0 min., 17 sec.

Height Requirement: 52"

Manufacturer:

Intamin, AG

Speed:

120 mph
Zero to 120 MPH in less than 4 seconds. A few seconds later, youre 420 feet in the

air. In the race for pure adrenaline thrills, there is one winner: Top Thrill Dragster. Nothing
else compares to this high-horsepower shot into the sky. From a standing start youre
launched forward, then straight up, then straight down and back to the finish line. The ride
may be over in 17 seconds, but itll stay with you forever.

http://www.canadaswonderland.com/

60

5.1.3. Psyclone Max Air

Duration:

1 minute, 58 seconds

Height Requirement: 54"

Manufacturer:

Mondial

Speed:

13 P.M.
It is coming with 40 riders facing outward rotate on a central pendulum and swing to

a height of 120 feet (36.5M), reaching a maximum arc angle of 120 degrees.

http://www.canadaswonderland.com/

61

5.1.4. Carousel

Duration:

4 minutes, 35 seconds

Height Requirement: 46" (Riders under 46" must be accompanied by a responsible person)
Manufacturer:

Philadelphia Tabbogan Co.

The ride features 64 original hand-carved horses; the lead horses name is Caesar.

There are 24 stationary horses, 42 jumpers, and two chariots.

CAROUSEL is a classic kiddie ride, typically considered as the reference points for
children in all parks

http://www.fabbrigroup.com

62

5.1.5. Ferries wheel

FERRIS WHEEL represents the most classical and beautiful attraction for a park. All
families may ride this attraction and see a nice landscape from its height.

We provide different wheel dimensions and gondolas, according to customers

request.

All vehicles can be decorated with special themes and the wheel can be equipped with
special LED light effects.

http://www.fabbrigroup.com

63

5.1.6. Lana hunted house

Experience the Blood Bayou with all new scares for 2013. This indoor haunted
attraction from your darkest imaginings will challenge reality and keep you scared with every
twist and turn of this diabolical scream machine!
Rules & warning

No eating,drinking or smoking

No running

Don't touch the actors

No flash photography

No exits - once in you must continue to the end

Not recommended for children 12 & under

No shoes with high-heels or bare feet

This haunt uses strobe lights and fog effects

http://www.scarywoodhaunt.com/bayou-rules.php

64

5.1.7. Cinema

Unlimited full screen borderless ceiling to floor, wall to wall screen.

Projected through the screen with realistic 3D as if we were really into the movie.
Loud booming sound system, digital display systems, usually over several times. No
data compression. This makes it sound like the music from the original studio
recordings sound amazing throughout the movie.
Realistic color, natural color screen displays up to 35 million colors.
The display 24 frames per second, every moving image and smooth continuity of the
film, it still recites every episode.
Than crystal clear picture over any of the seats in the theater.
Superior contrast resolution and high optical films used in home theater.

65

5.1.8. Shopping
Fun Shop

This shop has wide selection of novelty gift items, toys, candy, jewelry, and tee shirts.
Sweet shop

This sweet spot is sure to satisfy with tasty treats, chocolates, beverages, bulk and
novelty candy, gourmet candied nuts and other delicious favorites.
Brand name shop

We provide variety of brand name shop with a special price to you.

66

5.1.9 Dinning
Dairy Queen

Try a cool treat on a hot summer day. Stay classic with an ice cream cone or sundae.
Break tradition with a Blizzard, a creamy smooth soft serve blended with your favorite candy,
cookie or fruit.

Starbucks

Start your day in the Park with a jolt. Starbucks offers a variety of freshly brewed
coffees, lattes and espresso. Pair it with a yummy pastry and you have the start of a great day!
Food Park

Variety of food are available include variety of famous restaurant.

67

5.2 Product analysis

5.2.1 Production Cost
Unit price
Direct Material
No Machine
1
Rollor Coaster
2
Ferris Wheel
3
Galloper
4
Max Air
5
Thrill Dragster
6
Lanna Huanted House
7
Frame cinema
Total

Quantity
1
1
1
1
1
1
1
7

Price per unit

36,000,000 THB
3,000,000 THB
1,500,000 THB
260,000,000 THB
750,000,000 THB
135,392,000 THB
63,465,000 THB
1,249,357,000 THB

Direct Labor Cost

No.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18

Position

Amount
of
persons
1
1
1
1
1
1
2
2
7
3
3
7
7
3
5
2
3
25

Salary/Mouth

General Manager
20,000 THB
Sale&Marketing Manager
15,000 THB
Advertising Manager
15,000 THB
Special Technical Manager
15,000 THB
Accounting Manager
15,000 THB
Human Resource Manager
15,000 THB
Guest Attendant
9,000 THB
Security Guard
7,500 THB
Play-Thing Guard
8,000 THB
Food Service
7,500 THB
Park Service
8,000 THB
Ride Operator
8,000 THB
Game&Arcades Team
8,000 THB
Housekeeper
7,500 THB
Gardener
7,500 THB
Sale-Tickets
7,500 THB
Cashier (Gift shop, Retail Store)
8,000 THB
Costume Character (Include,
8,000 THB
parade show, actor, actress)
189,500 THB
Total
72
Reference:
http://www.sixflagsjobs.com/opportunities.html
http://www.oeg.co.th/worktravel/ProgramInfo/WAT_Employer.php

Total
salary/Mouth
20,000 THB
15,000 THB
15,000 THB
15,000 THB
15,000 THB
15,000 THB
18,000 THB
15,000 THB
56,000 THB
22,500 THB
24,000 THB
56,000 THB
56,000 THB
22,500 THB
37,500 THB
15,000 THB
24,000 THB
200,000 THB
641,500THB
and

* The employees in our theme park has 72 persons and each the position different for salary.
Our theme park have to pay 617.500 THB/Mouth.

68

Manufacturing Overhead

Electricity Cost
TOD and TOU rates are the power given to the price varies over time as well, but details of
times and prices vary according to the needs of electric power (kW) and energy (kWh). Differ
as follows.
No

Detail

The demand of
Energy
(Baht/kW)
Peak

Energy charge
(Baht/Unit)
Peak

Off Peak

Voltage of 69 kV up

224.30

3.6917

2.7441

Voltage of22-33 kV up

285.05

3.7731

2.7815

Voltage of less than 22

kV

332.71

3.9189

2.8095

(Provincial Electricity Authority, 2013)

Water supply cost
Large business
Level of water
use

Unit

price
pay
total
Low level rate 300 baht/month(15 LBM)

0-10

10

18.00

180.00

180.00

11-20

10

21.00

210.00

390.00

21-30

10

24.00

240.00

630.00

31-50

20

27.00

540.00

1,170.00

51-80

30

29.00

870.00

2,040.00

81-100

20

29.25

585.00

2,625.00

101-300

200

29.50

5,900.00

8,525.00

301-1000

700

29.75

20,825.00

29,350.00

1001-2000

1,000

29.50

29,500.00

58,850.00

2001-3000

1,000

29.25

29,250.00

88,100.00

>3000
29.00
(Provincial Waterworks Authority, 2013)

69

This is our operation cost which calculates from the provided data above and its in the
averaged form
Operation cost
Jan
Feb
March
Apr
May
Jun
July
Aug
Sep
Oct
Nov
Dec

Electricity
(average)
4,476,000
3,170,500
7,460,000
7,460,000
7,460,000
4,476,000
3,170,500
3,170,500
4,476,000
7,460,000
3,170,500
4,476,000

Water supply
(average)
1,320,000
900,000
1,500,000
1,500,000
1,500,000
1,320,000
900,000
900,000
1,320,000
1,500,000
900,000
1,320,000

Total in The
each month
5,796,000
4,070,500
8,960,000
8,960,000
8,960,000
5,796,000
4,070,500
4,070,500
5,796,000
8,960,000
4,070,500
5,796,000

70

Cost of operating Year1

May
Jun
Jul

Jan

Feb

Mar

Apr

641,500

641,500

641,500

641,500

641,500

641,500

641,500

Training expense
Electricity expense
Water expense

36,000

4,476,000

3,170,500

1,320,000

Internet&
telephone
expense
Fire Insurance
Social security insurance
expense
Tourist insurance
Commission
Total
manufacturing
overhead
Total product cost

Direct Material
Beginning
Material
inventory
Total cost of direct
material
Direct Labor
Labor
Total direct labor cost

Aug

Sep

Oct

Nov

Dec

Total

641,500

641,500

641,500

641,500

641,500

641,500

641,500

641,500

7,698,000

641,500

641,500

641,500

641,500

641,500

641,500

641,500

641,500

641,500

7,698,000

36,000

7,460,000

7,460,000

7,460,000

4,476,000

3,170,500

3,170,500

4,476,000

7,460,000

3,170,500

4,476,000

60,426,000

900,000

1,500,000

1,500,000

1,500,000

1,320,000

900,000

900,000

1,320,000

1,500,000

900,000

1,320,000

14,880,000

2,200

2,000

2,800

3,500

3,500

2,800

2,000

2,000

2,000

3,500

2,000

2,200

30,500

100,000

100,000

70,000

70,000

200,000

200,000

10,080

10,080

10,080

10,080

10,080

10,080

10,080

10,080

10,080

10,080

10,080

10,080

120,960

4,082,580

8,972,880

8,973,580

8,973,580

5,808,880

4,082,580

4,082,580

5,808,080

8,973,580

4,082,580

5,808,280

Manufacturing Overhead

6,214,280

75,863,460
4,724,080

9,614,380

9,615,080

9,615,080

6,450,380

4,724,080

4,724,080

6,450,380

9,615,080

4,724,080

6,449,780

83,561,460

71

Cost of operating Year2

May
Jun
Jul

Jan

Feb

Mar

Apr

641,500

641,500

641,500

641,500

641,500

641,500

641,500

Training expense
Electricity expense
Water expense

36,000

4,486,000

Internet&
telephone
expense
Fire Insurance
Social security insurance
expense
Tourist insurance
Commission
Total
manufacturing
overhead
Total product cost

Direct Material
Beginning
Material
inventory
Total cost of direct
material
Direct Labor
Labor
Total direct labor cost

Aug

Sep

Oct

Nov

Dec

Total

641,500

641,500

641,500

641,500

641,500

641,500

641,500

641,500

7,698,000

641,500

641,500

641,500

641,500

641,500

641,500

641,500

641,500

641,500

7,698,000

36,000

3,180,500

7,470,000

7,470,000

7,470,000

4,486,000

3,180,500

3,180,500

4,486,000

7,470,000

3,180,500

4,486,000

60,546,000

1,330,000

910,000

1,510,000

1,510,000

1,510,000

1,330,000

910,000

910,000

1,330,000

1,510,000

910,000

1,330,000

15,000,000

2,300

2,100

2,900

3,600

3,600

2,900

2,100

2,100

2,100

3,600

2,100

2,300

31,700

100,000

100,000

70,000

70,000

200,000

200,000

10,080

10,080

10,080

10,080

10,080

10,080

10,080

10,080

10,080

10,080

10,080

10,080

120,960

4,102,680

8,992,980

8,993,680

8,993,680

5,828,980

4,102,680

4,102,680

5,828,180

8,993,680

4,102,680

5,828,380

76,104,660

4,774,180

9,634,480

9,635,180

9,635,180

6,470,480

4,744,180

4,744,180

6,469,680

9,635,180

4,744,180

6,469,880

83,802,660

Manufacturing Overhead

6,134,480

6,775,980

72

Cost of operating Year3

May
Jun
Jul

Jan

Feb

Mar

Apr

641,500

641,500

641,500

641,500

641,500

641,500

641,500

Training expense
Electricity expense

36,000

4,496,000

Water expense
Internet&
telephone
expense
Fire Insurance
Social security insurance
expense
Tourist insurance
Commission
Total
manufacturing
overhead
Total product cost

Direct Material
Beginning
Material
inventory
Total cost of direct
material
Direct Labor
Labor
Total direct labor cost

Aug

Sep

Oct

Nov

Dec

Total

641,500

641,500

641,500

641,500

641,500

641,500

641,500

641,500

7,698,000

641,500

641,500

641,500

641,500

641,500

641,500

641,500

641,500

641,500

7,698,000

36,000

3,190,500

7,480,000

7,480,000

7,480,000

4,496,000

3,190,500

3,190,500

4,496,000

7,480,000

3,190,500

4,496,000

60,666,000

1,340,000

920,000

1,520,000

1,520,000

1,520,000

1,340,000

920,000

920,000

1,340,000

1,520,000

920,000

1,340,000

15,120,000

2,400

2,200

2,900

3,700

3,700

2,900

2,200

2,200

2,200

3,700

2,200

2,400

32,700

100,000

100,000

70,000

70,000

200,000

200,000

10,080

10,080

10,080

10,080

10,080

10,080

10,080

10,080

10,080

10,080

10,080

10,080

120,960

6,254,480

4,122,780

9,012,980

9,013,780

9,013,780

5,848,980

4,122,780

4,122,780

5,848,280

9,013,780

4,122,780

5,848,480

76,345,660

6,895,980

4,764,280

9,654,480

9,655,280

9,655,280

6,490,480

4,764,280

4,764,280

6,489,780

9,655,280

4,764,280

6,489,980

84,043,660

Manufacturing Overhead

73

Cost of operating Year4

May
Jun
Jul

Jan

Feb

Mar

Apr

641,500

641,500

641,500

641,500

641,500

641,500

641,500

Training expense
Electricity expense

36,000

4,506,000

3,200,500

Water expense
Internet&
telephone
expense
Fire Insurance
Social security insurance
expense
Tourist insurance
Commission
Total
manufacturing
overhead
Total product cost

1,350,000

Direct Material
Beginning
Material
inventory
Total cost of direct
material
Direct Labor
Labor
Total direct labor cost

Aug

Sep

Oct

Nov

Dec

Total

641,500

641,500

641,500

641,500

641,500

641,500

641,500

641,500

7,698,000

641,500

641,500

641,500

641,500

641,500

641,500

641,500

641,500

641,500

7,698,000

36,000

7,490,000

7,490,000

7,490,000

4,500,000

3,200,500

3,200,500

4,500,000

7,490,000

3,200,500

4,500,000

60,768,000

930,000

1,530,000

1,530,000

1,530,000

1,350,000

930,000

930,000

1,350,000

1,530,000

930,000

1,350,000

15,240,000

2,500

2,300

3,000

3,800

3,800

3,000

2,300

2,300

2,300

3,800

2,300

2,500

33,900

100,000

100,000

70,000

70,000

200,000

200,000

10,080

10,080

10,080

10,080

10,080

10,080

10,080

10,080

10,080

10,080

10,080

10,080

120,960

6,274,580

4,142,880

9,033,080

9,033,880

9,033,880

5,863,080

4,142,880

4,142,880

5,862,380

9,033,880

4,142,880

5,862,580

76,568,860

6,916,080

4,784,380

9,674,580

9,675,380

9,675,380

6,504,580

4,784,380

4,784,380

6,503,880

9,675,380

4,784,380

6,504,080

84,266,860

Manufacturing Overhead

74

Cost of operating Year5

May
Jun
Jul

Jan

Feb

Mar

Apr

641,500

641,500

641,500

641,500

641,500

641,500

641,500

641,500

Training expense
Electricity expense

36,000

4,516,000

3,210,500

7,500,000

Water expense

1,360,000

940,000

Internet& telephone expense

2,600

Fire Insurance
Social security insurance
expense
Tourist insurance
Commission
Total
manufacturing
overhead
Total product cost

Direct Material
Beginning
Material
inventory
Total cost of direct material
Direct Labor
Labor
Total direct labor cost
Manufacturing Overhead

Aug

Sep

Oct

Nov

Dec

Total

641,500

641,500

641,500

641,500

641,500

641,500

641,500

641,500

7,698,000

641,500

641,500

641,500

641,500

641,500

641,500

641,500

641,500

7,698,000

36,000

7,500,000

7,500,000

4,510,000

3,210,500

3,210,500

4,510,000

7,500,000

3,210,500

4,510,000

60,888,000

1,540,000

1,540,000

1,540,000

1,360,000

940,000

940,000

1,360,000

1,540,000

940,000

1,360,000

15,360,000

2,400

3,100

3,900

3,900

3,100

2,400

2,400

2,400

3,900

2,400

2,600

35,100

100,000

100,000

70,000

70,000

200,000

200,000

10,080

10,080

10,080

10,080

10,080

10,080

10,080

10,080

10,080

10,080

10,080

10,080

120,960

6,294,680

4,162,980

9,053,180

9,053,980

9,043,900

5,883,180

4,162,980

4,162,980

5,882,480

9,053,980

4,162,980

5,882,680

76,810,060

6,936,180

4,804,480

9,694,680

9,695,480

9,685,400

6,524,680

4,804,480

4,804,480

6,523,980

9,695,480

4,804,480

6,524,180

84,508,060

500/person (have 72 employees)

20,000THB/Year
70,000 THB/Year
Electricity expense 3.69 baht per unit
Water expense 15 baht per unit (1 unit equal to 1,000 litter)
We pay for insurance company per year, but insurance company will pay for tourist insurance depend on condition
10% commission/agent/no. of tourist/month from revenue (Tickets are 420 baht for tourist buy a ticket from agent.) [(420*60*4)*10%]
Reference: http://www.pea.co.th/rates/Rate2006.pdf

75

Service Process
When the customer entry to our theme park, the staff will take care for the customer feeling
following a old culture of kingdom of Lanna theme, the customer can play and enjoy with
many ride and our theme park has staff any point. We sure when the customer entry theme
park will impression because we have to train our staff for take care the safety for make sure
and entertain the customer in Lana culture form that never appear in Thailand. We are focus
on the service mind that we want the customer impress with everything of our theme park
because for attraction the customer for come back to our theme park again.
Step of process services

When a customer comes in the theme park. Staffs welcome with smile and allocate
big parking and bring customer to point of sale ticket.

Give instructive or knowledge of each playthings, cinema and shopping.

When the customer give ticket the staff will bring the customer to ride and enjoy with
it. The staff will take care for safety during the customer playing.

Make impression by sent customer to the car.

Law about Theme park

Section1
General Provisions
Article 8 bis, in the benefit of public safety. Minister will care appearance of the building to
use as a theme park, or in any other place in the same building for the purpose of this Act.
Regulations shall prescribe procedures and conditions required for construction. Allowing the
monitoring of the weight of the safety and property of materials or equipment required in
connection with such things as the appropriateness each feature and each style may be
different from the provisions of the this Act.
Section 37 of the Regulation. Local ordinances., or order issued under the Building Act 2522
and Building Act 2522 as amended by the Building Act (No. 2) Act, 2535 in force prior to
this Act. shall remain in force to the extent not inconsistent with the provisions that have been
amended by this Act. Until the regulations. Local ordinances. Or order issued under the
Building Act 2522 as amended by this Act in regard to the use of force.

76

Note: - The reason for the promulgation of this Act is to present the development of the
country's rapid growth. In particular, the expansion of the building increases. The Building
Control Act is not applicable to fit the current situation. The amendment of the law on
building control reconfiguration. The measures in the field of control on stability, security,
fire protection, public health, the environment, urban planning and architecture. And to
facilitate the traffic laws to prevent dangers caused the theater to play the enforcement of a
long time ago. Not appropriate for the current situation with the building of the theater was.
Should be adopted to allow the theater to the same law as the law governing the use of the
building for easy access. And should be set to something that is to be used to transport
persons or the cable car was built with the aim to be used as a theme park. Or any other
purpose in the same building under the control of the building. It is therefore necessary to
enact this Act.
Law of own land in open business
Thai Companies as a vehicle to own land for a foreigner is not allowed under Thai law
Thai law allows land ownership by a partly foreign owned Thai company as long as the
foreign shareholding does not exceed 49% of the shares and the majority of the shareholders
are of Thai nationality (section 97 land code act). It is not allowed for foreigners to use
nominee Thai shareholders to create a majority Thai owned company for the purpose of land
ownership. The use of nominee shareholders to circumvent the Thailand Land Code Act or
Foreign Business Act is illegal and any foreigner setting up a company with nominee
shareholders is violating foreign ownership restrictions and creates an unlawful foreign
ownership, irrespective the number of shares he owns in the company.
Up to the May 2006 Land Office guidelines aimed at preventing the use of Thai nominee
shareholders by foreigners, it was common practice for foreigners to purchase land or
condominium beyond the foreign ownership quota in a nominee structured majority Thai
owned foreign controlled Thai limited company. As long as the company had a majority Thai
shareholdings there were no practical restrictions when purchasing a property and the partly
foreign owned company was treated as any other Thai company. Currently the government
has issued new regulation preventing circumvention of the law by foreigners through Thai
companies and currently this structure is only possible by circumventing the law and
regulations

77

5.3 Logistic Management

Nothing guarantees success but experience suggests that the chances of developing a
successful theme park are greatly enhanced if it is effectively managed. In fact, park without
professional management normally achieve poor results. A theme parks corporate strategy
and, therefore, its management are directly conditioned by the need to ensure the necessary
financial resources to devote to achieving the financial results established by the shareholders
or, in the case of public or volunteer-run parks, to balancing out the accounted entries. On the
other hand, efficient management technological developments, the evolution of the economy
or changing consumer taste or behavior. As stated by Swarbroke (2002), the aim of a
privately owned theme park is generally to generate profit. According to Swardrooke (2002),
some of the most common are:
-

Payroll cost per revenue generated.

Income per profit centre per staff involved.

Net operating expenditure per number of visitors.

Admission income per total operating costs.

Visitors spend per head.

Income per operating expenditure (recovery rate).

The organization

The customer

Maximizing throughput and opportunities Minimizing delays, crowding and queuing

for visitor spending
Safety of visitor and staff

Safety of visitors

Minimizing operating costs (labor, energy, Maximizing

and so on)

quality

of

service

and

optimizing visitors enjoyment

Looking after the needs of those groups Treating every visitors as if they are unique
who are described as visitors with special and special
needs such disabled.

78

Ensuring quality standards are as high as Optimizing quality regardless of costs

possible within resource constraint

Problems solved quickly and as cheaply No problem occurring in the first place but,
possible

if they do, being solved quickly without

regard to the cost to the organization

Compliance with the law

Operation management from the viewpoint of the organization and customers (Swarbrooke,
2002).
Logistic are of fundamental important in the development of process in theme park.
As in other service enterprises, in theme parks the moments of production, distribution and
consumption overlap each other. The result is that in fact, in theme park, momentary excess
demand cannot be dealt with by increasing the capacity of an attraction or a show. The
following section deals first with the differential aspects of parks as regards the operations of
a parks productive components. Secondly, the design of the operation that satisfies the
specific needs of the procurement and distribution of the goods and services of a park are
dealt with. Thirdly, it looks at logistical aspects associated with the maintenance of the
facilities. Finally, this section looks at questions that are specifically linked to safety and
security as a guideline for a theme parks operations logistics. This following is the example
of production, and procurement and distribution.
(A) Production
The production of unique experiences by means of attractions at a theme park is based
on an operations program whose recurrent principles are the following: safety, integrity,
control and quality. Given their ludic nature and the confidence they arouse among their
visitors, safety is the highest priority in the process of the operation of attractions at a theme
park. As the IAAPA would insist, aside from the differences between parks and management
styles, in the theme park industry the guideline is the safe way is the right way. Integrity is
linked to the challenge facing theme parks to make available to their visitor the best products
and services every day and to provide, consequently, the best possible experiences also every
day. Control is the intern al procedure that links the different departments of the park and
allows them to work together. Quality is a process that is conditioned not just by the

79

characteristics of the facility but fundamentally by the standard operational procedures that
are really effective in park.
The shows are an activity of an exceptional nature in the theme parks as a result of
their singularity as a service but also in respect of other conventional spectacles, due to their
iteration and continuity in time and in their capacity as fundamental elements from the
viewpoint of a parks capacity to attract and its efficiency productivity. It is an activity in
which the production stage should be distinguished from the operation stage. From the
logistic point of view, aspects must be taken into account such as the stenography and
furnishing, the special effects and pyrotechnics, image and sound, the wardrobe and the
characters.
In theme parks, catering is a large-scale, heterogeneous, complex production process.
As we have seen, parks, within their supply, tend to include as many catering option as
possible. The result obtained from an economic standpoint are linked to the established
purchasing policy, personnel costs, the size and type of services, the availability of suppliers
and the flexibility of the overall system. Similarly, though the rendering of the service
presents significant different, in a theme parks shop operation logistics, the purchasing
policy is greatly influential. It should be borne in mind that many parks go straight to the
producers, eliminating intermediaries, due to reasons linked to the type of product and price.
Likewise, there are huge differences between products according to the timing of their
purchasing cycle. Thus, products with an annual purchasing cycle due to the distance from
the supplier and supply periods may present problems in determining stock levels.

(B) Procurement and distribution

The production process in a theme park first requires performing all activities
necessary in order to provide each work until with the productive factors required for the
fulfillment of its functions. For this reason it is important to minimize all operations in the
productive process that do not add value to the product. The first step in the process is to
obtain the necessary productive factors, which is why the production process is highly
dependent on the park procurement policy, especially as regards suppliers flexibility, agility,
accessibility and capacity to respond. Secondly, to keep a suitable production rhythm, it is
important to establish a system of storage, transport and handling that will allow each work

80

until to have the necessary productive factors available to them. A parks production capacity
is directly linked, therefore, with a theme parks layout.
A theme park must negotiate with suppliers and take decision as to the purchase of
goods and services concerning such diverse items as bin bags, ice-cream, T-shirts, attractions
and shows. Purchasing processes are crucial from the point of view of operation of theme
park. Bad procurement logistic could lead to tension between departments, excessive prices,
the absence of supplier guarantees and dissatisfaction among visitors. Procurement consists
of establishing the needs of productive factors, determining the amount to buy, analysis
alternatives for acquisition, choosing the most appropriate and negotiating delivery dates,
guarantees, end prices, purchasing the factors, properly storing them if necessary and
supplying them at the right time to the right place. Moreover, it is understood that
procurement plays an important role in managing the quality of the parks. It is therefore basic
to establish systems that facilitate the purchase of any goods or service necessary in the park,
specifying the stages involved in the process and the people responsible for them. The
following stages are common: the identification of the suppliers of the goods or service, the
establishment of selection criteria with regard to the supplier and the product or service, a
request for provisioning, the formalization of the contract and the delivery of the goods or
service. If it is a material product, its storage and/or distribution will have to be considered.
Parks purchasing policies are increasingly tending towards establishing cooperation systems
or even partnership with their most critical suppliers of services that are rendered to the end
consumer. Cooperation means collaborating with supplier in specific in specific fields and
over limited periods of time, with a price negotiation process that may be defined as being
objective. A partnership means the joint construction with the supplier of some aspect of the
product which the visitor to the park will eventually consume with transparency of costs. In
fact, numerous parks have partner companies that supply them with a whole variety of
products and services.
The distribution of goods and service inside the park often demands decentralized
logistic organization so as to be attend to the needs of their end customers, their visitors. The
seasonality of the activity, the big different between peak and trough times and the different
magnitudes of frequentation inside a park itself pose great difficulties in opportunities in
optimally scaling distribution systems. However, this does not mean that flexible logistic
organization and specific agreements with suppliers must be available. A good layout of the
storage system and service facilities of park a s well as adequate planning of the route to keep

81

them to a minimum and the optimization of transport system are, from this standpoint, a
fundamental instrument of competitiveness.

5.4 Facility Management

The point is that there are new standards, new standards of beauty and style and taste. The
new sensibility is defiantly pluralistic; it is dedicated both to an excruciating seriousness and
to fun and wit and nostalgia
(Susan Sontag, 1961)
Impressions in the style of those of this first paragraph directly derive from the
materialization of a specific design proposal elaborated by narrators and copywriters and
materialized by technicians from a whole range of disciplines. The example highlights the
fact that, beyond the development of the necessary infrastructures for its running, the design
of the park involves technical considerations as regards its form, size and capacity. After all,
according to Hsu (1997), a theme park is a processor of people containing attractions and
shows designed on the basic of narrations whose aim is none other than to keep the interest of
families and visitors throughout a whole day so that they will consume drinks, food and
commercial articles. According to this definition, the relevance of the design, from the
strategic point of view, is fundamental for the success of the park. The establishment of
theme park necessities therefore, in addition to the definition of its own argument elements,
that is to say, the determination of some specific criteria of positioning and teeming, the
design of a facility that takes into account matters concerning its physical construction,
questions regarding its capacity and issues to do with circulation and flow management, both
at the access to the park and along its internal routes. These three aspects are dealt with
below. The design of a park must respond, in short, to the uses offered by the space both to its
visitors and managers and to the needs that arise from this encounter between visitors and
managers in term of route, representation, and organization.
(A) The form
(B) Size and Capacity
(C) Components

82

Chapter 6
Administration analysis

83

6. Administration Analysis
6.1 Employees Salary

No.

Position

Amount
of
persons

Salary/Mouth

Total
salary/Mouth

General Manager

20,000 THB

20,000 THB

Sale&Marketing Manager

15,000 THB

15,000 THB

Advertising Manager

15,000 THB

15,000 THB

Special Technical Manager

15,000 THB

15,000 THB

Accounting Manager

15,000 THB

15,000 THB

Human Resource Manager

15,000 THB

15,000 THB

Guest Attendant

9,000 THB

18,000 THB

Security Guard

7,500 THB

15,000 THB

Play-Thing Guard

8,000 THB

56,000 THB

10

Food Service

7,500 THB

22,500 THB

11

Park Service

8,000 THB

24,000 THB

12

Ride Operator

8,000 THB

56,000 THB

13

Game&Arcades Team

8,000 THB

56,000 THB

14

Housekeeper

7,500 THB

22,500 THB

15

Gardener

7,500 THB

37,500 THB

16

Sale-Tickets

7,500 THB

15,000 THB

17

Cashier (Gift shop, Retail Store)

8,000 THB

24,000 THB

18

Costume Character (Include, parade

show, actor, actress)

25

8,000 THB

200,000 THB

Total

72

189,500 THB

641,500THB

Reference: http://www.sixflagsjobs.com/opportunities.html and

http://www.oeg.co.th/worktravel/ProgramInfo/WAT_Employer.php

84
6.2 All administration Cost
Descriptions

Base

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Total

Employees salary

641,500

641,500

641,500

641,500

641,500

641,500

641,500

641,500

641,500

641,500

641,500

641,500

641,500

7,698,000

Training expense

36,000*

36,000

36,000

Electricity expense

4,476,00
0

3,170,500

7,460,000

7,460,000

7,460,000

4,476,000

3,170,500

3,170,500

4,476,000

7,460,000

3,170,500

4,476,00
0

60,426,000

Water expense

1,320,00
0

900,000

1,500,000

1,500,000

1,500,000

1,320,000

900,000

900,000

1,320,000

1,500,000

900,000

1,320,00
0

14,880,000

Internet&telephone
expense

2,200

2,000

2,800

3,500

3,500

2,800

2,000

2,000

2,000

3,500

2,000

2,200

30,500

Fire Insurance

20,000*

20,000

20,000

Social security
insurance expense

70,000*

70,000

70,000

6,439,700

83,160,500

Total

767,500

6,565,700

4,714,000

9,604,300

9,605,000

9,605,000

6,440,300

4,714,000

4,714,000

500/person (have 72 employees)

20,000THB/Year

70,000 THB/Year

Electricity expense 3.73 baht per unit

Water expense 15 baht per unit (1 unit equal to 1,000 litter)Reference: http://www.pea.co.th/rates/Rate2006.pdf

6,439,500

9,605,000

4,714,000

85

Chapter 7
Financial Analysis

86

7.1 Income statement

Statement of Income
The Fame Co.,Ltd
For The Year End December
2013

2014

2015

2016

2017

189,592,000

200,440,000

212,130,000

253,310,000

284,772,000

83,561,460

83,561,460

83,561,460

83,561,460

83,561,460

106,030,540

116,878,540

128,568,540

169,748,540

201,210,540

236,754,456

236,754,456

236,754,456

236,754,456

236,754,456

-130,723,916

-119,875,916

-108,185,916

-67,005,916

-35,543,916

1,200,000

1,080,000

960,000

840,000

720,000

EBT

-131,923,916

-120,955,916

-109,145,916

-67,845,916

-36,263,916

Taxes (30%)

-39577174.8

-36286774.8

-32743774.8

-20353774.8

-10879174.8

Net income

-92,346,741

-84,669,141

-76,402,141

-47,492,141

-25,384,741

Sale
other exp
EBITDA
Depre&Amort
EBIT
Interest exp

87

7.2 Cash flow

Sale
other exp
EBITDA
Depre&Amort
EBIT
Interest exp
EBT
Taxes (30%)
Net income

2013
189,592,000
83,561,460
106,030,540
236,754,456
-130,723,916
1,200,000
-131,923,916
-39577174.8
-92,346,741

Statement of Income
The Fame Co.,Ltd
For The Year End December
2014
2015
200,440,000 212,130,000
83,561,460
83,561,460
116,878,540 128,568,540
236,754,456 236,754,456
-119,875,916 -108,185,916
1,080,000
960,000
-120,955,916 -109,145,916
-36286774.8 -32743774.8
-84,669,141
-76,402,141

2016
253,310,000
83,561,460
169,748,540
236,754,456
-67,005,916
840,000
-67,845,916
-20353774.8
-47,492,141

2017
284,772,000
83,561,460
201,210,540
236,754,456
-35,543,916
720,000
-36,263,916
-10879174.8
-25,384,741

88

7.3 Balance sheet

Year 2013

January

February

March

April

May

June

July

August

September

October

November

December

Current asset
cash
total sales

1,823,631,506

154,406,707

143,378,518

46,672,905

40,159,505

34,296,782

29,211,099

51,412,623

46,140,627

39,653,918

32,992,759

-211,656,609

1823631506

154406707

143378518

46672905

40159505

34296782

29211099

51412623

46140627

39653918

32992759

-211656609

Fixed asset
land

400,000,000.00

400,000,000.00

400,000,000.00

400,000,000.00

400,000,000.00

400,000,000.00

400,000,000.00

400,000,000.00

400,000,000.00

400,000,000.00

400,000,000.00

400,000,000.00

tools

614,000.00

614,000.00

614,000.00

614,000.00

614,000.00

614,000.00

614,000.00

614,000.00

614,000.00

614,000.00

614,000.00

614,000.00

machine

1,250,698,700.00

1,250,698,700.00

1,250,698,700.00

1,250,698,700.00

1,250,698,700.00

1,250,698,700.00

1,250,698,700.00

1,250,698,700.00

1,250,698,700.00

1,250,698,700.00

1,250,698,700.00

1,250,698,700.00

equipment

73,400.00

73,400.00

73,400.00

73,400.00

73,400.00

73,400.00

73,400.00

73,400.00

73,400.00

73,400.00

73,400.00

73,400.00

building

13,000,000.00

13,000,000.00

13,000,000.00

13,000,000.00

13,000,000.00

13,000,000.00

13,000,000.00

13,000,000.00

13,000,000.00

13,000,000.00

13,000,000.00

13,000,000.00

furniture

575,430.00

575,430.00

575,430.00

575,430.00

575,430.00

575,430.00

575,430.00

575,430.00

575,430.00

575,430.00

575,430.00

575,430.00

less:depreciation

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

net fixed asset

1,657,915,985

1,657,915,985

1,657,915,985

1,657,915,985

1,657,915,985

1,657,915,985

1,657,915,985

1,657,915,985

1,657,915,985

1,657,915,985

1,657,915,985

1,657,915,985

total asset

3,481,547,491

1,812,322,692

1,801,294,503

1,704,588,890

1,698,075,490

1,692,212,767

1,687,127,084

1,709,328,608

1,704,056,612

1,697,569,903

1,690,908,744

1,446,259,376

35,000,000

30,000,000

25,000,000

20,000,000

15,000,000

10,000,000

5,000,000

30,000,000

25,000,000

20,000,000

15,000,000

10,000,000

Liability equity
Increase in notes
payable
Increase long-term debt

25,000,000

23,000,000

22,000,000

21,000,000

19,000,000

18,000,000

16,700,000

15,400,000

14,100,000

12,800,000

11,500,000

10,200,000

retained earning

3,491,547,491

1,819,322,692

1,804,294,503

1,703,588,890

1,694,075,490

1,684,212,767

1,675,427,084

1,723,928,608

1,714,956,612

1,704,769,903

1,694,408,744

1,446,059,376

total L/E

3,551,547,491

1,872,322,692

1,851,294,503

1,744,588,890

1,728,075,490

1,712,212,767

1,697,127,084

1,769,328,608

1,754,056,612

1,737,569,903

1,720,908,744

1,466,259,376

89
Year 2014

January

February

March

April

May

June

July

August

September

October

November

December

Current asset
cash

1825681506

101109707

145548518

48822905

42339505

36466782

31581099

54272623

49000627

41653918

35402759

-203673609

total sales

1825681506

101109707

145548518

48822905

42339505

36466782

31581099

54272623

49000627

41653918

35402759

-203673609

Fixed asset
land

400,000,000.00

400,000,000.00

400,000,000.00

400,000,000.00

400,000,000.00

400,000,000.00

400,000,000.00

400,000,000.00

400,000,000.00

400,000,000.00

400,000,000.00

400,000,000.00

tools

614,000.00

614,000.00

614,000.00

614,000.00

614,000.00

614,000.00

614,000.00

614,000.00

614,000.00

614,000.00

614,000.00

614,000.00

machine

1,250,698,700.00

1,250,698,700.00

1,250,698,700.00

1,250,698,700.00

1,250,698,700.00

1,250,698,700.00

1,250,698,700.00

1,250,698,700.00

1,250,698,700.00

1,250,698,700.00

1,250,698,700.00

1,250,698,700.00

equipment

73,400.00

73,400.00

73,400.00

73,400.00

73,400.00

73,400.00

73,400.00

73,400.00

73,400.00

73,400.00

73,400.00

73,400.00

building

13,000,000.00

13,000,000.00

13,000,000.00

13,000,000.00

13,000,000.00

13,000,000.00

13,000,000.00

13,000,000.00

13,000,000.00

13,000,000.00

13,000,000.00

13,000,000.00

furniture

575,430.00

575,430.00

575,430.00

575,430.00

575,430.00

575,430.00

575,430.00

575,430.00

575,430.00

575,430.00

575,430.00

575,430.00

less:depreciation

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

net fixed asset

1,657,915,985

1,657,915,985

1,657,915,985

1,657,915,985

1,657,915,985

1,657,915,985

1,657,915,985

1,657,915,985

1,657,915,985

1,657,915,985

1,657,915,985

1,657,915,985

total asset

3,483,597,491

1,759,025,692

1,803,464,503

1,706,738,890

1,700,255,490

1,694,382,767

1,689,497,084

1,712,188,608

1,706,916,612

1,699,569,903

1,693,318,744

1,454,242,376

Liability equity
Increase in notes
payable

35,000,000

30,000,000

25,000,000

20,000,000

15,000,000

10,000,000

5,000,000

30,000,000

25,000,000

20,000,000

15,000,000

10,000,000

Increase long-term debt

25,000,000

23,000,000

22,000,000

21,000,000

19,000,000

18,000,000

16,700,000

15,400,000

14,100,000

12,800,000

11,500,000

10,200,000

retained earning

3,423,597,491

1,706,025,692

1,756,464,503

1,665,738,890

1,666,255,490

1,666,382,767

1,667,797,084

1,666,788,608

1,667,816,612

1,666,769,903

1,666,818,744

1,434,042,376

total L/E

3,483,597,491

1,759,025,692

1,803,464,503

1,706,738,890

1,700,255,490

1,694,382,767

1,689,497,084

1,712,188,608

1,706,916,612

1,699,569,903

1,693,318,744

1,454,242,376

90

Year 2015

January

February

March

April

May

June

July

August

September

October

November

December

Current asset
cash

1828831506

160056707

149388518

52672905

46109505

40466782

35331099

57842623

52410627

45983918

39792759

-192560609

total sales

1828831506

160056707

149388518

52672905

46109505

40466782

35331099

57842623

52410627

45983918

39792759

-192560609

Fixed asset
land

400,000,000.00

400,000,000.00

400,000,000.00

400,000,000.00

400,000,000.00

400,000,000.00

400,000,000.00

400,000,000.00

400,000,000.00

400,000,000.00

400,000,000.00

400,000,000.00

tools

614,000.00

614,000.00

614,000.00

614,000.00

614,000.00

614,000.00

614,000.00

614,000.00

614,000.00

614,000.00

614,000.00

614,000.00

machine

1,250,698,700.00

1,250,698,700.00

1,250,698,700.00

1,250,698,700.00

1,250,698,700.00

1,250,698,700.00

1,250,698,700.00

1,250,698,700.00

1,250,698,700.00

1,250,698,700.00

1,250,698,700.00

1,250,698,700.00

equipment

73,400.00

73,400.00

73,400.00

73,400.00

73,400.00

73,400.00

73,400.00

73,400.00

73,400.00

73,400.00

73,400.00

73,400.00

building

13,000,000.00

13,000,000.00

13,000,000.00

13,000,000.00

13,000,000.00

13,000,000.00

13,000,000.00

13,000,000.00

13,000,000.00

13,000,000.00

13,000,000.00

13,000,000.00

furniture

575,430.00

575,430.00

575,430.00

575,430.00

575,430.00

575,430.00

575,430.00

575,430.00

575,430.00

575,430.00

575,430.00

575,430.00

less:depreciation

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

net fixed asset

1,657,915,985

1,657,915,985

1,657,915,985

1,657,915,985

1,657,915,985

1,657,915,985

1,657,915,985

1,657,915,985

1,657,915,985

1,657,915,985

1,657,915,985

1,657,915,985

total asset

3,486,747,491

1,817,972,692

1,807,304,503

1,710,588,890

1,704,025,490

1,698,382,767

1,693,247,084

1,715,758,608

1,710,326,612

1,703,899,903

1,697,708,744

1,465,355,376

Liability equity
Increase in notes
payable

35,000,000

30,000,000

25,000,000

20,000,000

15,000,000

10,000,000

5,000,000

30,000,000

25,000,000

20,000,000

15,000,000

10,000,000

Increase long-term debt

25,000,000

23,000,000

22,000,000

21,000,000

19,000,000

18,000,000

16,700,000

15,400,000

14,100,000

12,800,000

11,500,000

10,200,000

retained earning

3,426,747,491

1,764,972,692

1,760,304,503

1,669,588,890

1,670,025,490

1,670,382,767

1,671,547,084

1,670,358,608

1,671,226,612

1,671,099,903

1,671,208,744

1,445,155,376

total L/E

3,486,747,491

1,817,972,692

1,807,304,503

1,710,588,890

1,704,025,490

1,698,382,767

1,693,247,084

1,715,758,608

1,710,326,612

1,703,899,903

1,697,708,744

1,465,355,376

91
Year 2016

January

February

March

April

May

June

July

August

September

October

November

December

Current asset
cash

1,833,561,506

164,806,707

153,818,518

57,922,905

51,459,505

45,836,782

40,711,099

63,442,623

57,700,627

50,483,918

44,152,759

-186,727,609

total sales

1,833,561,506

164,806,707

153,818,518

57,922,905

51,459,505

45,836,782

40,711,099

63,442,623

57,700,627

50,483,918

44,152,759

-186,727,609

Fixed asset
land

400,000,000.00

400,000,000.00

400,000,000.00

400,000,000.00

400,000,000.00

400,000,000.00

400,000,000.00

400,000,000.00

400,000,000.00

400,000,000.00

400,000,000.00

400,000,000.00

tools

614,000.00

614,000.00

614,000.00

614,000.00

614,000.00

614,000.00

614,000.00

614,000.00

614,000.00

614,000.00

614,000.00

614,000.00

machine

1,250,698,700.00

1,250,698,700.00

1,250,698,700.00

1,250,698,700.00

1,250,698,700.00

1,250,698,700.00

1,250,698,700.00

1,250,698,700.00

1,250,698,700.00

1,250,698,700.00

1,250,698,700.00

1,250,698,700.00

equipment

73,400.00

73,400.00

73,400.00

73,400.00

73,400.00

73,400.00

73,400.00

73,400.00

73,400.00

73,400.00

73,400.00

73,400.00

building

13,000,000.00

13,000,000.00

13,000,000.00

13,000,000.00

13,000,000.00

13,000,000.00

13,000,000.00

13,000,000.00

13,000,000.00

13,000,000.00

13,000,000.00

13,000,000.00

furniture

575,430.00

575,430.00

575,430.00

575,430.00

575,430.00

575,430.00

575,430.00

575,430.00

575,430.00

575,430.00

575,430.00

575,430.00

less:depreciation

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

net fixed asset

1,657,915,985

1,657,915,985

1,657,915,985

1,657,915,985

1,657,915,985

1,657,915,985

1,657,915,985

1,657,915,985

1,657,915,985

1,657,915,985

1,657,915,985

1,657,915,985

total asset

3,491,477,491

1,822,722,692

1,811,734,503

1,715,838,890

1,709,375,490

1,703,752,767

1,698,627,084

1,721,358,608

1,715,616,612

1,708,399,903

1,702,068,744

1,471,188,376

Liability equity
Increase in notes
payable

35000000

30000000

25000000

20000000

15000000

10000000

5000000

30000000

25000000

20000000

15000000

10000000

Increase long-term debt

25000000

23000000

22000000

21000000

19000000

18000000

16700000

15400000

14100000

12800000

11500000

10200000

3,431,477,491

1,769,722,692

1,764,734,503

1,674,838,890

1,675,375,490

1,675,752,767

1,676,927,084

1,675,958,608

1,676,516,612

1,675,599,903

1,675,568,744

1,450,988,376

3491477491

1822722692

1811734503

1715838890

1709375490

1703752767

1698627084

1721358608

1715616612

1708399903

1702068744

1471188376

retained earning
total L/E

92

Year 2017

January

February

March

April

May

June

July

August

September

October

November

December

Current asset
cash

1,838,781,506

169,756,707

159,268,518

62,902,905

56,509,505

50,866,782

45,581,099

68,042,623

62,490,627

54,953,918

48,714,759

-173,944,609

total sales

1,838,781,506

169,756,707

159,268,518

62,902,905

56,509,505

50,866,782

45,581,099

68,042,623

62,490,627

54,953,918

48,714,759

-173,944,609

Fixed asset
land

400,000,000.00

400,000,000.00

400,000,000.00

400,000,000.00

400,000,000.00

400,000,000.00

400,000,000.00

400,000,000.00

400,000,000.00

400,000,000.00

400,000,000.00

400,000,000.00

tools

614,000.00

614,000.00

614,000.00

614,000.00

614,000.00

614,000.00

614,000.00

614,000.00

614,000.00

614,000.00

614,000.00

614,000.00

machine

1,250,698,700.00

1,250,698,700.00

1,250,698,700.00

1,250,698,700.00

1,250,698,700.00

1,250,698,700.00

1,250,698,700.00

1,250,698,700.00

1,250,698,700.00

1,250,698,700.00

1,250,698,700.00

1,250,698,700.00

equipment

73,400.00

73,400.00

73,400.00

73,400.00

73,400.00

73,400.00

73,400.00

73,400.00

73,400.00

73,400.00

73,400.00

73,400.00

building

13,000,000.00

13,000,000.00

13,000,000.00

13,000,000.00

13,000,000.00

13,000,000.00

13,000,000.00

13,000,000.00

13,000,000.00

13,000,000.00

13,000,000.00

13,000,000.00

furniture

575,430.00

575,430.00

575,430.00

575,430.00

575,430.00

575,430.00

575,430.00

575,430.00

575,430.00

575,430.00

575,430.00

575,430.00

less:depreciation

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

net fixed asset

1,657,915,985

1,657,915,985

1,657,915,985

1,657,915,985

1,657,915,985

1,657,915,985

1,657,915,985

1,657,915,985

1,657,915,985

1,657,915,985

1,657,915,985

1,657,915,985

total asset

3,496,697,491

1,827,672,692

1,817,184,503

1,720,818,890

1,714,425,490

1,708,782,767

1,703,497,084

1,725,958,608

1,720,406,612

1,712,869,903

1,706,630,744

1,483,971,376

Liability equity
Increase in notes
payable

35,000,000

30,000,000

25,000,000

20,000,000

15,000,000

10,000,000

5,000,000

30,000,000

25,000,000

20,000,000

15,000,000

10,000,000

Increase long-term debt

25,000,000

23,000,000

22,000,000

21,000,000

19,000,000

18,000,000

16,700,000

15,400,000

14,100,000

12,800,000

11,500,000

10,200,000

retained earning

3,436,697,491

1,774,672,692

1,770,184,503

1,679,818,890

1,680,425,490

1,680,782,767

1,681,797,084

1,680,558,608

1,681,306,612

1,680,069,903

1,680,130,744

1,463,771,376

total L/E

3,496,697,491

1,827,672,692

1,817,184,503

1,720,818,890

1,714,425,490

1,708,782,767

1,703,497,084

1,725,958,608

1,720,406,612

1,712,869,903

1,706,630,744

1,483,971,376

93

Chapter 8
Risk Management

94

Risk management is a structured approach to managing uncertainty related to a

threat, through a sequence of human activities including: risk assessment, strategies
development to manage it, and mitigation of risk using managerial resources.
The strategies include transferring the risk to another party, avoiding the risk,
reducing the negative effect of the risk, and accepting some or all of the consequences of a
particular risk.
Some traditional risk managements are focused on risks stemming from physical or
legal causes (e.g. natural disasters or fires, accidents, death and lawsuits). Financial risk
management, on the other hand, focuses on risks that can be managed using traded financial
instruments.
The objective of risk management is to reduce different risks related to a preselected
domain to the level accepted by society. It may refer to numerous types of threats caused by
environment, technology, humans, organizations and politics. On the other hand it involves
all means available for humans, or in particular, for a risk management entity (person, staff,
organization).
8.1 Identifying a list of potential risks
Even if your event has been held before, it is important to review and update your risk
management plan. The first step is to outline the type of event. Different event elements will lead to
different risks. Some events have many purposes and require more detailed risk management plans.
Identify the event stakeholders impacted by your event. (New Zealand Handbook Guidelines for
Risk Management in Sport and Recreation, 2010) Potential stakeholders include participants,
spectators, general public, local community, sponsors, local authorities, venue/facility owner, and
Government.
Running a business can be a dangerous occupation with many different types of risk. Some of
these potential hazards can destroy a business, while others can cause serious damage that can be
costly and time consuming to repair. Despite the risks implicit in doing business, CEOs and/or risk
management officers no matter the size of the business, from small to corporate giant - can prepare
for them if they know what they are.
If and when risk becomes reality, a well-prepared business can moderate the risk's impact.
Dollar losses, lost time and productivity and the negative impact on customers can all be
minimized. (Davis, 2009)

95

Physical Risks:
Building and rides risks are the most common type of physical risk
Safety risk is always the top priority of theme park. Without a safe environment,
visitors can never enjoy the experience and staff can never be satisfied with their
workplace. Therefore, preventive measures such as regular inspections are a major
part of the operations to reduce accidents and injuries.

Location Risks:
Among the hazards facing the location of a business are nearby fires, storm
damage, earthquake and other natural disasters. In case of our business
earthquake is the new risk that we should concern.

Human Risks:
Alcoholism and drug abuse are major risks to personnel in the work force.
Against embezzlement, theft and fraud.
Inappropriate Leadership
Sickness among the work force is inevitable and is always a problem.

Technology Risks
Power outage is perhaps the most common of technology risks..
Telephone and telecommunications failure
Power source equipment e.g. pumps, motors
Electrical equipment e.g. switches, control rooms
Warning and signaling devices

96

External and internal factors that affecting a business environment

There are internal factors that affect a business, these are:
a. Stability: The risk of stability factor is ignore to employee. Employee Development is a
joint, on-going effort on the part of an employee and the organisation to upgrade the
employee's knowledge, skills, and abilities also crucial for the growth and prosperity of any
business as employees are one of the most important factors related to the success of the
company. Over a period of time we have discovered that employees like to learn new skills
and take up challenges and they are more motivated when they feel there is great potential for
personal growth. (Mahajan.V, 2013)
b. Aggressiveness: Aggressive behavior can be damaging and painful if left untreated.
Although anger is a normal and healthy emotion, uncontrolled anger and aggression can
destroy relationships, cause problems at work and at home, and can lead to lethal or risky
behavior in adults and children. If your tendency toward aggression or violence affects your
daily life, it may be time to seek treatment. (Hughes.C, 2013)
c. Team People Orientation: The risk of Team people orientation is lack of teamwork.
Businesses that stress a spirit of teamwork and collaboration can capitalize on the individual
strengths of their employees. When effective teams are in place, the collective product is
greater than the sum of the individual effort. There are a number of tactics that can foster a
team orientation, from team building and diversity workshops to retreats, merit systems that
identify and recognize team-oriented behavior and processes that facilitate project teams.
(Eigen.D, 2013)

Team player

Individual

Diversity Training

Team - building workshop

Team projects

97

d) Innovation and Risk Taking: The problem with innovation is you dont know the
outcome until you try something. Your results will fall somewhere between total failure and
complete success. (Mair.D, 2013).

There are external factors that affect a business, these are:

1. Physical-natural factors
A business' day-to-day operations can pose an ongoing threat to the natural
environment.( Jeanty.J, 2013)
2.

Social-cultural factors
Social factors can affect a business as tastes and likes can change. For example, if a

business that sells a lot of junk and unhealthy food and the nation is becoming more health
conscious then the business will generate less revenue. (Wiki Answer, 2013)
3. Technological factors
There are many factors to consider when pricing an item. Ultimately, however, the price
will depend on the product, market and the competition. Setting the wrong price for a product
can adversely affect your business and result in unsold inventory. Technology plays a critical
role in everything from manufacturing to the sale of the final product, and you should,
therefore, weigh technological factors when pricing a product. (Bass.B, 2013)

Product Information Online

Once you have a product ready for market, you must make decisions about the type of
product-related information to make available to the public. For example, the Internet can
provide information about a product 24 hours a day seven days a week. Both customers
and competitors can use this information to evaluate your product and pricing strategy.
You can also use information available on the Internet about competitors products to
properly price the new product. (Bass.B, 2013)

Online Retailers

If you want to sell merchandise online, you will have to consider global competition.
Unless you have an established company, introducing a new product online poses several
challenges. As an online retailer, aim to develop a technologically advanced system for
warehousing, order processing and shipping. Additionally, high online price competition
might require you to offer a product at cost or slightly above cost to remain competitive.

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These considerations will greatly affect how you price products for your business.
(Bass.B, 2013)

Manufacturing

Technology also plays an important role in manufacturing, and this role also impacts the
pricing of the product. Technology can improve the manufacturing process, inventory
control and automation. By considering the savings and costs of these technological
advances, you can determine an appropriate price for the product based on the actual
manufactured cost. (Bass.B, 2013)

Pricing

The price you establish for a product can also affect the demand for the product.
Therefore, set prices only after careful analysis. How you price the product will also
determine how your business markets the product and to whom you should market the
product to. You can use advanced technologies such as computerized pricing models to
help your business gauge the demand of a product and set the optimum sale price.
(Bass.B, 2013)

4. Economic factors
A nation's economy can be highly volatile and is often a function of a variety of factors.
In a strong economy, unemployment is low and consumers enjoy increased spending power.
In a struggling economy, more people are out of work and consumer confidence dwindles. As
confidence decreases, less money goes back into the economy, causing businesses to become
less profitable and jobs to disappear. (Joseph.C, 2013)

Supply and Demand

Supply and demand impacts a nation's Gross Domestic Product (GDP), which is the
combined dollar value of all goods ans services produced by a country in a given year.
The higher the demand for goods and services, the greater the need for workers to
produce them, leading to economic growth. (Joseph.C, 2013)

Interest Rates

Fluctuation in interest rates can have an impact on consumer purchasing. According to the
Federal Reserve Bank of San Francisco, when interest rates are high, consumers may be
less inclined to borrow money to buy a new home or car. People who have adjustable-rate
home mortgages can face financial hardship or even lose their homes when interest rates

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spike. Retirees who live largely off investment income may need to lower their standard
of living when interest rates decline. (Joseph.C, 2013)

Inflation

Higher inflation is typically accompanied by higher prices, so consumers may be less

willing to buy non-essential or luxury items. If wages don't rise at the same rate of
inflation, people actually lose money. When inflation rises, the value of the dollar
decreases, so consumer buying power drops accordingly. The changing of national
monetary policy, such as adjusting the prime interest rate or putting more money into
circulation can influence inflation, but the Federal Reserve Bank of San Francisco reports
that such changes can take one to three years to have a major impact. (Joseph.C, 2013)

Unemployment

The rate of unemployment can have a major effect on the economy. The more people who
are out of work the less money that is circulated into the economy through the purchase of
goods and services. Even the threat of unemployment has an impact, as workers who fear
losing their jobs are less inclined to spend or invest their money. According to WealthEnhancer.com, unemployment increases near the end of an economic downturn, since
companies typically try to avoid lying off workers off until it becomes necessary.
(Joseph.C, 2013)

Foreign Exchange Rate

A nation's foreign exchange rate is the value of its currency in the international market. In
the United States, when the value of the dollar is high in relation to other countries'
currencies, the more goods and services we are able to import. In contrast, a higher value
of the dollar means that other nations may be less inclined to import products from the
United States. According to the Economics Web Institute, factors such as a rising trade
surplus can increase the demands for a country's currency by foreigners, thus
strengthening the currency. (Joseph.C, 2013)

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5. Political-legal factors
The first distinction that must be made is between firm-specific political risks and
country-specific political risks. Firm-specific political risks are risks directed at a
particular company and are, by nature, discriminatory. For instance, the risk that a
government will nullify its contract with a given firm or that a terrorist group will target
the firm's physical operations are firm-specific. By contrast, country-specific political
risks are not directed at a firm, but are countrywide, and may affect firm performance.
Examples include a government's decision to forbid currency transfers or the outbreak of
a civil war within the host country. (Wagner, 2013)
There is a second distinction to be made between types of political risk: government
risks and instability risks. Government risks are those that arise from the actions of a
governmental authority, whether that authority is used legally or not. A legitimately enacted
tax hike or an extortion ring that is allowed to operate and is led by a local police chief may
both be considered government risks. Indeed, many government risks, particularly those that
are firm-specific, contain an ambiguous mixture of legal and illegal elements. Instability
risks, on the other hand, arise from political power struggles. These conflicts could be
between members of a government fighting over succession, or mass riots in response to
deteriorating social conditions. (Wagner, 2013)
6. Competitive factor
Competitive factors in the service could limit our growth opportunities and reduce our
profitability. (Family Dollar Stores, 2013)

8.2 Managing risk

Insurance is a principle safeguard in managing risk, and many risks are insurable. Fire
insurance is a necessity for any business that occupies a physical space, whether owned outright or
rented, and should be a top priority.
Some risks are inarguably high priority, such as the risk of fraud or embezzlement if
employees handle money or perform accounting duties in accounts payable and receivable.
Specialized insurance companies will underwrite a cash bond to provide financial coverage in the
event of embezzlement, theft or fraud.

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When insuring against potential risks, never assume a best-case scenario. Even if employees
have worked for years with no problems and their service has been exemplary, insurance against
employee error may be a necessity. The extent of insurance coverage against injury will depend on the
nature of your business. A heavy manufacturing plant will, of course, require more extensive coverage
for employees.
If a business relies heavily on computerized data customer lists and accounting data, for
example exterior back up and insurance coverage are mandatory. Finally, hiring a risk management
consultant may be a prudent step in the prevention and management of risks.

8.2 Physical Risks

Building risks and rides are the most common type of physical risk. Fire or explosions are the
most common risk to a building. The risk to employees and customer to managing this risk it's
important to do the following:
Fire hazard: Danger to visitors and employees in the vicinity of the fire.
Make sure all employees know the exact street address of the building to give the 191
operator in case of emergency.
Ensure that all employee and customer know the location of all exits.
Install fire alarms and smoke detectors.
A sprinkler system will provide additional protection to the physical plant,
equipment, documents and, of course, personnel.(this tool install in office, cinema,
and food park)
Inform all employees that in the event of emergency their personal safety takes
priority over everything else. Tell them to leave the building and abandon all workassociated documents, equipment and or products.
Electrical hazards: Burns and possible fatalities to visitors and employees.
Preventive Maintenance before open theme park daily
Predictive Maintenance for more safety
All electrical sockets placed out of visitors reaches or covered for safety.
Remark: According to Siam park city (2011), Preventive maintenance is the mechanism
inspection and performance of rides by our maintenances team it consists of engineers and
technicians with expertise every morning before opening. Follow the standard that our theme
was set if anything unusual the maintenance will already fixed it before opening. And

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Predictive Maintenance is the maintenance systems that use various measurement tools to
help predicting the probability of the unusual situation occurrence. This is because different
parts of the system are used differently depending on environment and frequency of use.
Measurement tools can provide accurate information to the management and responsive
maintenance.
Operation of rides: Risks of visitors or employees injuring themselves on the various rides
and attractions.
All ride staff to be over 18 years of age.
Trained until deemed fully competent.
Ride staff to control and assist riders.
Rides and play areas inspected daily and by the ADIPS governing body annually.

Slips trips & falls: Potential hazard of injuries to the bodies of visitors or employees.
Continuous maintenance program in place
Daily inspections

Independent inspections annually

Accidents and injuries: Pain and distress caused to visitors or employees.

Management aware of various situations
Employees first aid trained first aid
First aid facilities on site
Investigation procedures in place.

Lost children: Upset and distress to children and parents.

All employees are trained and instructed on how to deal with the situation, and who
to contact
Staff always monitoring the entrance/exit gate during park opening hours.
CCTV in operation as an extra precaution.

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Car and coach parking: Potential hazard to visitors from impact with moving vehicles
Signage to alert drivers to drive carefully,
5 mph speed limit imposed
Speed humps in place
Segregated coach parking
No cars in designated coach park so far as reasonably practicable
Trained parking attendants on duty during busy periods.
Cleaning: Possible injuries to visitors due to slips and trips, or contact with cleaning agents.
COSHH training for all employees

all cleaning duties undertaken in accordance with good housekeeping practices

signage and warning cones used.

Remark: COSHH is the Control of Substances Hazardous to Health

Location Risks
Worldwide, over the last few decades, a marked increase in more powerful earthquake activity is
painfully obvious. Earthquake is not affect to Thailand much. Latest on 2 nd December 2012 Chiang
Mai has earthquakes only 2.8 liter. According to Office of Public Relations Zone 3 Chiang Mai
(2010), report that if intensity from 1.0 to 2.9 will cause a slight flicker. People began to feel the
symptoms of vibration and sometimes feel dizzy. So, this problem not affect our much but we still
concern. In future this problem may be more affect. We are required to be prepared for the inevitable
unexpected upheaval, resultant damage and potential casualties by concern in the structure of our
building and ride. We use the material that is able to handle an earthquake.
Technology Risks
Power failure (day time): Possible panic of visitors.
Rides, all employees trained in the safe evacuation of visitors.
In cinema, we have the Uninterruptible Power Supply to solve this situation but it can
stay in short time so, we use this in order not to stampede customer then notify them
about the error and staff will take care all of them to the safe place.
Power failure (night time): Possible panic of visitors, risk of slips trips and falls.
All employees trained in the safe evacuation of visitors
Emergency lighting present
Lighting tested and examined at regular intervals.

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Human Risks
Alcoholism and drug abuse are major risks to personnel in the work force. Employees
suffering from these conditions should be urged to seek treatment, counseling and rehabilitation if
necessary. We are also uncontrollable the customer.

Protecting against embezzlement, theft and fraud may be difficult, but these are crimes which
occur frequently in the workplace. A system of double signature requirements for checks and invoice
and payables verification can help prevent embezzlement and fraud. Stringent accounting procedures
may discover embezzlement or fraud. A thorough background check before hiring personnel can
uncover previous offenses in the applicant's past. While this may not necessarily be grounds for
declining to hire an applicant, placement for the new hire in a critical position in which money and
cash equivalents are used may not be judicious (Davis, 2009).

Customer difficulties (drunk, distressed or illness): Risk of injuries to visitors or

employees from disruptive visitors.
No alcohol to be consumed on the premises
Drunk or disruptive customers asked to leave the park, if necessary by contacting the
local police.
First aiders available to assist with illness or injury.

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8.3 The steps that you will take to mitigate the risks.

Dealing with Risk Issues (Mitigation)

Risk during delivery project

Probability

Impact

Mitigation

Detail
Rate
The cost of installing rides
turns out to be more than
expectation.

Rate
We have many rides, which is
very high price.

Medium

High
High

Other development cost higher

than anticipated.

15% contingency has been

allowed in the estimated costs.

Medium

Medium

It could have the impact on the project

budget.

Choose the rides, which is

high quality but low price and
confirming the price with
manufacturer strictly.

The project has high level of We have the professional

flexibility. It would be possible to vary project management team to
the nature and extent of the project do this development.
while still maintaining the integrity of
the whole. It will always be a work in
progress i.e. one of its features and
attractions will be that there is always
work taking place on future
development.

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The economic situation makes

it impossible to realize the
developer contribution.

There is a significant funding

gap.

Economic conditions are

currently abnormally uncertain.
Medium

Medium

High

It is not possible to assemble

enough rides.

Low

It is impossible to find an
operator of the park
Low

High

It is possible that the major

funders will be able to commit
most of the funding requirement
leaving perhaps 30 million

Medium

60 million to be found from a

range of other sources. It is
possible that those funds will not
be forthcoming.
Most of key rides have already
been acquired or the Trust
knows of example that can be
acquired.
There are a number of possible
operators and several have
already
expressed
interest
informally.

Low

Medium

This would create a major gap in the Build into the agreement of
overall funding package.
mechanism for capturing the
additional contribution in the
future when the economic
situation improves.

As described above, there is also a

backup option of being able to secure a
loan against the fixed income that will
be generated through lease or
management agreement with park
operator.

There will be significant

flexibility to modify the
approach to delivery of the
project, especially to complete
it in stages.

There is already enough to create

sufficient critical mass.

Atech Group International (Thailand)

Co., Ltd. could simply run the park
itself, employing managers with
requisite skill. However, there would
be a higher risk level attached to this.

Atech Group International

(Thailand) Co., Ltd.Identified
a number of companies that
are candidates to operate the
park under lease or a
management contract.

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Risk after project completed

Probability

Impact

Mitigation

Detail
Rate
The number of visitors is so
much less than expected,
and/or the proportion of
visitors paying to go on rides
is lower than expected,
impacting on the ability of the
project to sustain itself
financially.

Rate
Accurately predicting visitor
numbers for new attractions is
notoriously difficult.

Medium

The concept is, however,

populist in nature than is
commonly the case and the
projection are conservative in
relation to other theme park.

Medium

Ultimately, it is a mountain
location which always popular
for visitors during winter, and
this theme park is the first theme
park in the northern of Thailand.
It is not possible to let the
restaurant, cinema spaces
,and/or the rentals that are
achieved from them are less
than expected

Medium

Medium

If space is not let, the Atech will

have the options of running food
and beverage operations itself or
of using the space for alternative
purpose such as historic gaming
machines

Medium

Medium

The breakeven level given the core

operating model outline in the business
plan is estimated to be about 25%
lower than forecast outturn, but if
performance is much worse than
predicted, we will have the option to
adopt a much lower cost operational
model that will treat the attraction
more as a public park with heritage
objects in it or introduce modern rides
alongside a small heritage park.

The financial plan includes a

substantial marketing budget
in relation to the number of
paying visitors.
Add more advertising and
provide more budgets in
marketing expense.

Commercial activities are estimated to The paces envisaged for

make a net contribution of about catering offer is high quality
900,000 to the revenue to the Atech and it is likely attractive to
which is a relatively small proportion prospective tenants. There is a
of the overall estimated revenue from gap in the market for food and
beverage offer quality which
the park
these space will be well
equipped o fill.

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Key cost, such as insurance
and utilities, rise substantially
as a result of market
conditions or some factor at
the park.

The operation budget contain

substantial contingency and
also forecasts a substantial
surplus. This should be able to
absorb an increase in this cost.

A serious accident take place

on one of the rides

Medium

Accidents
do
occasionally
happen at theme parks and they
can have signification shortmedium term impact on visitor
number

Medium

Impact on theme park reputation and The business plan includes

visitors expectation.
substantial
allowance
for
staffing and for material and
testing.
The park will be operated to
the highest health & safety
practices by operators who
have a strong track record.

It is not possible to recruit

enough staff to run park
efficiently, especially in the
peak season.

Low

There is good pool of labor and

the
seasonal
employment
opportunities will provide good
opportunities for students during
their holiday

Medium

Efforts are already being made

to locate the key skilled former
employees of The Frame Park.

(Source: Dreamland Margate, 2009)

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Summary
This project are chooses Chiang Mai to build it because Chiang Mai has to area that is center
of commerce, industry, transport and tourism. The new theme park cans attraction to Thai tourism
and foreigner to visit Chiang Mai. Theme park is an important selling point in Chiang Mai and
Thailand. To be open the opportunity to people in this area and other people in nearby places that has
recreation area to relax in the new theme park style. Another factor, Chiang Mai is the most popular
provinces that the tourist selects and that the way chooses to relax from studying and working, enjoy
with friends, romantic for sweet heart, source good leaning, Amusing, the best meeting point, this
place

make

to

happy,

good

relation

in

family,

broaden

ones

view.

Product and service in The Theme Park will emphasis is fun that never appears in Thailand. It
will be a high quality outdoor public space it will provide a family-friendly day out with a wide
variety of entertainment for visitor of all ages. The Fame's uniqueness will be obtained by following
an old culture of kingdom of Lanna theme. It will have a sense cultural of Lanna. Including festival
activity focuses on Chiang-Mai culture. Our segment is divided in two main group of customer. The
first group is the teenager who wants to play an adventure plaything. The second is the kids who
play our theme park will more revenues during vacation. We are monopoly in Chiang Rai because
we are the first amusement park so the proportion of our company in the Chiang Rai market shares
nearly to be 100%. In our theme park for product will emphasis about standard of theme park and
high quality of equipment. Price our theme park emphasis about special price and discount loyalty.
We are emphasis about place in our theme park will big place and convenience itinerary. Promotion
has to insurance and special discount in end semester. For marketing expense, it uses more money to
invest the theme park that is included property, building, equipment, facilities, recreation, and player.
And high more employee that is purchasing department, sales and marketing department, accounting
and financing department, staff, security, executive department, manager department, housekeeping
and

gardener.
From my study of project feasibility study and evaluation that show me many things for the

feasibility because initial investment cost is 5,486,345,530.00 baht that it may be high, but in the
long run it will certainly increase high profits, the last month in the fifth years our business will gain
profits and successful. This project is very interesting because the theme park is very low
competitions in the market so it is not so difficult to entry in the market for our business.

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Appendix
History of plaything
Roller Coaster
John Miller was a prolific inventor who was granted over 100 patents, and invented many of
the safety devices used in today's roller coasters, including the 'Safety Chain Dog' and 'Under
Friction Wheels'. Miller designed toboggans before starting work at the Dayton Fun House and
Riding Device Manufacturing Company, which later became the National Amusement Device
Corporation. Together with partner Norman Bartlett, John Miller invented his first amusement ride
(patented on October 14, 1926) called the Flying Turns ride. The Flying Turns was the prototype for
the first roller coaster ride, however, it did not have tracks. Miller went on to invent several roller
coasters with his new partner Harry Baker. Harry Baker built the famous Cyclone ride at Astroland
Park, Coney Island.
Ferris Wheel
The first ferris wheel was designed by George W. Ferris, a bridge-builder from Pittsburgh,
Pennsylvania. Ferris began his career in the railroad industry and then pursued an interest in bridge
building. He understood the growing need for structural steel, Ferris founded G.W.G. Ferris & Co. in
Pittsburgh, a firm that tested and inspected metals for railroads and bridge builders. He built the
Ferris Wheel for the 1893 World's Fair, which was held in Chicago to commemorate the 400th
anniversary of Columbus's landing in America. The Chicago Fair's organizers wanted something that
would rival the Eiffel Tower. Gustave Eiffel had built the tower for the Paris World's Fair of 1889,
which honored the 100th anniversary of the French Revolution. Finding a suitable design proved
difficult: Architect Daniel H. Burnham, who was in charge of selecting the project for the Chicago
World's Fair, complained at an engineer's banquet in 1891 about having found nothing that "met the
expectations of the people". Among the audience was George Washington Gale Ferris Jr., owner of a
firm that tested iron and steel. He had an inspiration and scribbled the design for the Ferris Wheel on
a napkin during the dinner. It was considered an engineering wonder: two 140-foot steel towers
supported the wheel; they were connected by a 45-foot axle, the largest single piece of forged steel
ever made up until that time. The wheel section had a diameter of 250 feet and a circumference of
825 feet. Two 1000-horsepower reversible engines powered the ride. Thirty-six wooden cars held up
to sixty riders each. The ride cost fifty cents and made $726,805.50 during the World's Fair. The

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original Ferris wheel was destroyed in 1906, but there are other ferris wheels at theme parks and
carnivals everywhere.
Thrill Dragster
Thrill Dragster started around 2000 when Millennium Force opened. Footers started being
poured during the winter of 2001-2002 then were covered up during the 2002 operating season. To
construct the roller coaster, the park had to use a 480 feet (150 m) crane, only one of four in the
United States. Vertical construction started in fall 2002, months before the announcement. By
October 2002, the roller coaster had reached 200 feet (61 m). The ride was announced on January 9,
2003 and the structure was finished shortly after. It is tied with Millennium Force for being the two
largest investments in Cedar Point history. The announcement revealed the park's goal to build "the
tallest and fastest roller coaster on earth", reaching 420 feet (130 m) and accelerating up to 120 miles
per hour (193 km/h) in 4 seconds. Cedar Fair Entertainment Company filed a trademark for the name
Thrill Dragster.Thrill Dragster's media day was held on May 1, 2003 then it officially opened to the
public on May. It became the "tallest" and "fastest" roller coaster in the world overtaking both world
records from Steel Dragon 2000 at Nagashima Spa Land that was just built three years earlier. It lost
the title of being the world's tallest and fastest roller coaster when Kingda Ka at Six Flags Great
Adventure opened in May 2005. Intamin designed both Kingda Ka and Thrill Dragster, and the two
share a similar design and layout that differs primarily by the theme and the additional hill featured
on Kingda Ka. The ride had constant downtime in its first couple seasons. Several problems such as
the ride's hydraulic system and launch cable caused the ride to experience downtime.Thrill Dragster
was also closed in 2003 for the annual event, CoasterMania.
Fame cinema
It was established in 1999 as Shringar Cinemas Private Ltd.In 2004, upon conversion of
Private Limited to a Public Limited Company, the name changed from Shringar Cinemas Private
Limited to Shringar Cinemas Limited. In 2008, the name changed from Shringar Cinemas Limited to
Fame India Limited.The Company went public in 2005 to raise money from equity market through
an initial public offering. This helped opening up multiplexes across India. Today, Fame India Ltd.
has 27 properties, 102 screens in 13 cities with presence in states of Maharashtra, Gujarat, Haryana,
West Bengal, Jharkhand and Karnataka, with plan to open another 4 screens at Chandigarh and with
seating capacity of 986 people.

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In 1933 Robert Edwards & Sons, showmen of Swindon, acquired the latest thing in fairground
roundabouts, an all electric Noah's Ark ride, to travel with their Victorian steam powered galloping
horse roundabout. After Pewsey Carnival that year, their old set of gallopers was packed away in
their yard where it remained for over half a century. In 1986 the newly formed Fairground Heritage
Trust, a non-profit making registered charity, acquired it complete with its 89 key Verbeeck organ,
Tidman centre engine and 1917 FWD lorry and packing truck, thanks to the generous help of the
National Heritage Memorial Fund, the Science Museum, the Manifold Trust, the Material World
Charitable Foundation, and a private benefactor.This famous roundabout was first acquired by the
well known Swindon showman, Robert Edwards, in 1916 from Halsteads, roundabout manufacturers
and brokers of Sowerby Bridge, Yorkshire for the sum of eighty sovereigns. The previous owner or
owners are unknown but it is established that the ride was built by Savages of Kings Lynn, world
famous for their Galloping horse roundabouts. In all like likelihood the roundabout was built well
before the turn of the century and may have originally been made as a 4-abreast machine with 48
mounts. Building together in 12 sections with a diameter of 42 ft it has 36 carved wooden mounts,
fixed three-abreast and made up of 24 horses and 12 double-seater cockerels.The steam centre
engine, named "Little Beauty", was built by Robert Tidman & Sons of Bishop Bridge Iron Works,
Norwich, who towards the end of the last century rivaled Savages in the production of steam
roundabouts. Unlike most other British gallopers it was never converted to electricity. Robert
Edwards did however fit the ride with electric lighting during the twenties, which accounts for the
original legend on the rounding boards: 'R Edwards Electric Galloping Horses ". The iron wheels on
the centre truck were later additions, fitted to the truck when one of the wooden wheels broke on the
road between fairs. On the road the carved wooden horses and cockerels were packed into the body
of the FWD lorry and the twisted brass horse rods wore hung on the outside. The heavy wooden
platforms, structural woodwork and carved wooden panels were all carried in the 'Jumbo' packing
truck. Both vehicles were extensively rebuilt by Robert Edwards' brother-in-law showman Bill
Taylor, together with Robert Edwards' eldest son, Robert. The 'Jumbo' truck was built on what
appears to be the substructure of old agricultural vehicles with the axles and wheels comprising a
London General Omnibus Company Wolsey back axle of 1911 and a Durham Churchill front axle.
The FWD, which has an unusually long wheel base, was purchased from a timber haulage firm in
Princes Risborough soon after the First World War and was ideally suited for conversion to
showman's use. On the road the Edwards' steam traction engine, 'Kitchener' pulled the 'Jumbo' truck
and the roundabout centre truck, while the FWD lorry pulled the much lighter four wheeled organ
truck. The original 89 key Marenghi organ was replaced in 1931 with an 89 key organ purchased

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from the London firm of J Verbeeck & Sons for the sum of 1,000. It was mounted on the same
organ truck and stood in the centre of the roundabout when in use.
Max Air
Cedar Point made its debut in 1870, but it was a much different place than what we consider
it today. The park was not the roller coaster capital of the world; instead it was one of the best beach
resorts ever created. As the technology increased, the invention of the roller coaster took the world
by storm. Not wanting to be left out, the park constructed and gravity railroad known as the
Switchback Railroad. The ride was a hit and literally kicked open the door for the thrill rides that we
see today at the park. Many new revolutionary coasters made their entrances and thrilled guests for a
number of years. As the rides aged, the park removed them one by one and the park was at one point
down to one single coaster track and a number of thrill rides. No one expected what we see today at
the park. In 1964, the park introduced the Blue Streak. A small coaster compared to today, but this
ride was just what the park needed to bring guests back. As always, with increasing revenue brings
new rides. New roller coaster debuted ever few years with rides from Arrow Dynamics, Charles
Dinn, Bolliger and Mabillard, and Intamin. New coasters took the place of flat rides that had lost
popularity, or were just simply in the way of development. It had seemed as if the park had
completely forgotten about flats. The year of 1989 brought the world Magnum XL200, the tallest
coaster in the world. Then in 2000 Cedar Point debuted Millennium Force, which once again
regained the title of worlds tallest coaster for Cedar Point. Its title was short lived, but Cedar Point
was not going to be out done. In 2004, Top Thrill Dragster debuted as the worlds tallest and fasted
coaster. When all was said and done, many wondered what Cedar Point was going to add to top their
newest attraction. The answer came at the end of the 2004 season in a form that no one really
expected. Cedar Point went conservative and announced MaXair. The ride came from HUSS of
Bremen, Germany and claimed no records. Cedar Point had finally realized that to please all guests
they needed some thrill rides. MaxAir stands at 80-feet tall and has a top speed of 70-mph. The blue,
orange, yellow, and red ride calls the area in front of Wicked Twister home.
Galloper
The Year 2000 has been designated The International Year of the Carousel, and the UK is
one of the best places in the world to see these vintage rides. The International Association of
Amusement Parks and Attractions (IAAPA) has kick-started the campaign, which aims to raise the
profile of these machines around the world, whilst raising valuable money for charity.

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In the first half of this century, Gallopers (as traditional carousels are known in the UK) were
without a doubt the centre-piece of the travelling fair; huge, beautiful steam-driven machines
accompanied by the distinctive sound of the fairground organ. In the second half of the Twentieth
Century, however, gallopers slowly began to disappear from travelling fairs. Childrens tastes had
apparently moved on; they wanted to ride fast, spinning rides, machines that would turn them upside
down, and take them high into the air. Rides like the Waltzer, Ark/Speedway, Twist and Meteorite
would draw people in their thousands. It seemed that the simple pleasure of the carousel was on the
wane.
That is where the permanent amusement parks came in. Some of the most beautifully
preserved historical machines can now be seen at parks across the UK, and in the International Year
of the Carousel, it is well worth seeking them out. Vintage Carousels can be found at Drayton Manor
Park in Staffordshire, Blackpool Pleasure Beach in Lancashire, Flamingo Land in Yorkshire, Ocean
Beach at Rhyl in North Wales, and Dreamland at Margate in Kent, which has no less than two full
size vintage gallopers. There are many more, too many to mention in this short article, but this
exhibition is an attempt to capture just a small part of the fantasy and wonder that the carousel
represents. In this special year, we take you on a tour of a selection of the best gallopers at British
amusement parks and theme parks, many of which are so often overlooked. We even feature some of
the country's best juvenile gallopers and their modern derivatives.
Haunted House
In 1999, a retrospective of the art of The Haunted Mansion was featured at The Disney
Gallery above the entrance to Pirates of the Caribbean. When the 2003 film The Haunted Mansion
was released, a retrospective of its art was featured in the gallery as well. In October 2001, Haunted
Mansion Holiday premiered, a seasonal overlay featuring characters from the 1993 film The
Nightmare before Christmas. The seasonal overlay was inspired by the question of what would
happen to the Mansion if "Sandy Claws" landed there.In October 2005, Slave Labor Graphics began
publishing a bimonthly Haunted Mansion comic book anthology, with the main recurring story
(Mystery of the Manse) centered around "Master Gracey" and inspired by the sea captain concepts
proposed for the attraction by Ken Anderson in the 1950s. The comics are non-canon. In July 2010,
Guillermo del Toro announced that he is set to write and produce a new movie based on the
attraction, promising that it will be both scary and fun.

115

Risk Management
Sales decrease by 5%: Year 2013
Statement of Income
The Fame Co, Ltd.
For the Year End December
Jan
Sale
Other exp
EBITDA
Depre&Amort
EBIT

35,482,500

Feb
34,675,000

Mar
35,625,000

Apr
36,746,000

May
36,195,000

Jun
35,720,000

Jul
35,055,000

Aug
34,485,000

Sep
33,962,500

Oct
35,102,500

Nov
34,600,900

32,898,500

420,547,900

7,870,780

4,732,580

9,177,880

9,671,580

9,623,580

6,463,880

4,735,580

6,488,080

6,458,080

9,636,580

4,737,580

6,458,280

86,054,460

29,942,420

26,447,120

27,074,420

26,571,420

29,256,120

30,319,420

27,996,920

27,504,420

25,465,920

29,863,320

26,440,220

334,493,440

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

84,546,545

20,566,175

22,896,875

19,401,575

20,028,875

19,525,875

22,210,575

23,273,875

20,951,375

20,458,875

18,420,375

22,817,775

19,394,675

249,946,895

20,566,175

22,896,875

19,401,575

20,028,875

19,525,875

22,210,575

23,273,875

20,951,375

20,458,875

18,420,375

22,817,775

36,918,000.00
-17,523,325

36,918,000
213,028,895
74,560,113

Taxes (30%)
Net inc.

Total

27,611,720

Interest exp
EBT

Dec

20,566,175

22,896,875

19,401,575

20,028,875

19,525,875

22,210,575

23,273,875

20,951,375

20,458,875

18,420,375

22,817,775

-17,523,325

138,468,782

116

Statement of Cash Flow

The Fame Co, Ltd.
For The Year End December 31, 2013
Period

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

OPERATION ACTIVITIES
Net income

20,566,175

22,896,875

19,401,575

20,028,875

19,525,875

22,210,575

23,273,875

20,951,375

20,458,875

18,420,375

22,817,775

-17,523,325

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

Add (Sources of cash)

Depreciation
Increase in A/P

-175,800,000

Subtract (Uses of cash)

Increase in A/R

9,243,244

8,657,543

9,086,432

7,754,345

6,542,345

9,255,000

8,965,675

7,856,951

6,258,951

5,852,156

10,156,982

9,852,987

18,368,476

21,284,877

17,360,688

19,320,075

20,029,075

20,001,120

21,353,745

20,139,969

21,245,469

19,613,764

19,706,338

-196,130,767

1,758,545,530

93,646,830

93,032,830

648,830

985,662

682,354

687,654

357,658

692,654

687,321

254,658

Increase in notes payable

35,000,000

30,000,000

25,000,000

20,000,000

15,000,000

10,000,000

5,000,000

30,000,000

25,000,000

20,000,000

15,000,000

10,000,000

Increase long-term debt

25,000,000

23,000,000

22,000,000

21,000,000

19,000,000

18,000,000

16,700,000

15,400,000

14,100,000

12,800,000

11,500,000

10,200,000

Net cash from financing

60,000,000

53,000,000

47,000,000

41,000,000

34,000,000

28,000,000

21,700,000

45,400,000

39,100,000

32,800,000

26,500,000

20,200,000

1,836,914,006

167,931,707

157,393,518

60,968,905

54,604,505

48,986,782

43,736,099

66,227,623

60,703,127

53,106,418

46,893,659

-175,676,109

1,836,914,006

3,673,828,012

3,831,221,530

3,892,190,435

3,946,794,940

3,995,781,722

4,039,517,821

4,105,745,444

4,166,448,571

4,219,554,989

4,266,448,648

3,673,828,012

3,831,221,530

3,892,190,435

3,946,794,940

3,995,781,722

4,039,517,821

4,105,745,444

4,166,448,571

4,219,554,989

4,266,448,648

4,090,772,539

Net cash provide by ops.

INVESTING ACTIVITIES
Investment in fixed assets

575,430.00

FINANCIING ACTIVITIES

NET CHANGE IN CASH

Plus: Cash at beginning of year
Cash at the end of year

1,836,914,006

117

Sales decrease by 5%: Year 2014

Statement of Income
The Fame Co, Ltd.
For the Year End December
Jan
Sale

23,037,500

Feb
22,068,500

Mar
22,591,000

Apr
23,370,000

May
22,733,500

Jun
22,040,000

Jul
21,755,000

Aug
21,403,500

Sep
21,147,000

Oct
22,467,500

Nov
21,954,500

Dec
22,192,000

Other exp

7,870,780

4,732,580

9,177,880

9,671,580

9,623,580

6,463,880

4,735,580

6,488,080

6,458,080

9,636,580

4,737,580

6,458,280

EBITDA

15,166,720

17,335,920

13,413,120

13,698,420

13,109,920

15,576,120

17,019,420

14,915,420

14,688,920

12,830,920

17,216,920

15,733,720

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

8,121,175

10,290,375

6,367,575

6,652,875

6,064,375

8,530,575

9,973,875

7,869,875

7,643,375

5,785,375

10,171,375

8,688,175

8,121,175

-45,086,625

6,367,575

6,652,875

6,064,375

8,530,575

9,973,875

7,869,875

7,643,375

5,785,375

10,171,375

-46,688,825

8,121,175

-45,086,625

6,367,575

6,652,875

6,064,375

8,530,575

9,973,875

7,869,875

7,643,375

5,785,375

10,171,375

-46,688,825

Depre&Amort
EBIT

55,377,000

Interest exp
EBT
Taxes (35%)
Net inc.

118

Statement of Cash Flow

The Fame Co, Ltd.
For The Year Ened December 31, 2014
Period

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

OPERATION ACTIVITIES
Net income

8,121,175

-45,086,625

6,367,575

6,652,875

6,064,375

8,530,575

9,973,875

7,869,875

7,643,375

5,785,375

10,171,375

-46,688,825

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

Add (Sources of cash)

Depreciation
Increase in A/P

-175,800,000

Subtract (Uses of cash)

Increase in A/R

9,243,244

8,657,543

9,086,432

7,754,345

6,542,345

9,255,000

8,965,675

7,856,951

6,258,951

5,852,156

10,156,982

9,852,987

Net cash provide by ops.

5,923,476

-46,698,623

4,326,688

5,944,075

6,567,575

6,321,120

8,053,745

7,058,469

8,429,969

6,978,764

7,059,938

-225,296,267

1,758,545,530

93,646,830

93,032,830

648,830

575430

985,662

682,354

687,654

357,658

692,654

687,321

254,658

Increase in notes payable

35,000,000

30,000,000

25,000,000

20,000,000

15,000,000

10,000,000

5,000,000

30,000,000

25,000,000

20,000,000

15,000,000

10,000,000

Increase long-term debt

25,000,000

23,000,000

22,000,000

21,000,000

19,000,000

18,000,000

16,700,000

15,400,000

14,100,000

12,800,000

11,500,000

10,200,000

Net cash from financing

60,000,000

53,000,000

47,000,000

41,000,000

34,000,000

28,000,000

21,700,000

45,400,000

39,100,000

32,800,000

26,500,000

20,200,000

1,824,469,006

99,948,207

144,359,518

47,592,905

41,143,005

35,306,782

30,436,099

53,146,123

47,887,627

40,471,418

34,247,259

-204,841,609

1,824,469,006

1,924,417,213

2,068,776,731

2,116,369,636

2,157,512,641

2,192,819,423

2,223,255,522

2,276,401,645

2,324,289,272

2,364,760,690

2,399,007,949

1,924,417,213

2,068,776,731

2,116,369,636

2,157,512,641

2,192,819,423

2,223,255,522

2,276,401,645

2,324,289,272

2,364,760,690

2,399,007,949

2,194,166,340

INVESTING ACTIVITIES
Investment in fixed assets

FINANCIING ACTIVITIES

NET CHANGE IN CASH

Plus: Cash at beginning of year
Cash at the end of year

1,824,469,006

119

Sales decrease by 5%: Year 2015

Statement of Income
The Fame Co, Ltd.
For the Year End December
Jan
Sale

26,030,000

Feb
25,460,000

Mar
26,239,000

Apr
27,027,500

May
26,315,000

Jun
25,840,000

Jul
25,317,500

Aug
24,795,000

Sep
24,386,500

Oct
26,581,000

Nov
26,125,000

Dec
26,904,000

Other exp

7,870,780

4,732,580

9,177,880

9,671,580

9,623,580

6,463,880

4,735,580

6,488,080

6,458,080

9,636,580

4,737,580

6,458,280

EBITDA

18,159,220

20,727,420

17,061,120

17,355,920

16,691,420

19,376,120

20,581,920

18,306,920

17,928,420

16,944,420

21,387,420

20,445,720

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

11,113,675

13,681,875

10,015,575

10,310,375

9,645,875

12,330,575

13,536,375

11,261,375

10,882,875

9,898,875

14,341,875

13,400,175

11,113,675

13,681,875

10,015,575

10,310,375

9,645,875

12,330,575

13,536,375

11,261,375

10,882,875

9,898,875

14,341,875

-35,823,825

11,113,675

13,681,875

10,015,575

10,310,375

9,645,875

12,330,575

13,536,375

11,261,375

10,882,875

9,898,875

14,341,875

-35,823,825

Depre&Amort
EBIT

49,224,000

Interest exp
EBT
Taxes (30%)
Net inc.

120

Statement of Cash Flow

The Fame Co, Ltd.
For The Year Ended December 31, 2015
Period

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

OPERATION ACTIVITIES
Net income

11,113,675

13,681,875

10,015,575

10,310,375

9,645,875

12,330,575

13,536,375

11,261,375

10,882,875

9,898,875

14,341,875

-35,823,825

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

Add (Sources of cash)

Depreciation
Increase in A/P

-175,800,000

Subtract (Uses of cash)

Increase in A/R

9,243,244

8,657,543

9,086,432

7,754,345

6,542,345

9,255,000

8,965,675

7,856,951

6,258,951

5,852,156

10,156,982

9,852,987

Net cash provide by ops.

8,915,976

12,069,877

7,974,688

9,601,575

10,149,075

10,121,120

11,616,245

10,449,969

11,669,469

11,092,264

11,230,438

-214,431,267

1,758,545,530

93,646,830

93,032,830

648,830

575430

985,662

682,354

687,654

357,658

692,654

687,321

254,658

Increase in notes payable

35,000,000

30,000,000

25,000,000

20,000,000

15,000,000

10,000,000

5,000,000

30,000,000

25,000,000

20,000,000

15,000,000

10,000,000

Increase long-term debt

25,000,000

23,000,000

22,000,000

21,000,000

19,000,000

18,000,000

16,700,000

15,400,000

14,100,000

12,800,000

11,500,000

10,200,000

Net cash from financing

60,000,000

53,000,000

47,000,000

41,000,000

34,000,000

28,000,000

21,700,000

45,400,000

39,100,000

32,800,000

26,500,000

20,200,000

NET CHANGE IN CASH

Plus: Cash at beginning of
year

1,827,461,506

158,716,707

148,007,518

51,250,405

44,724,505

39,106,782

33,998,599

56,537,623

51,127,127

44,584,918

38,417,759

-193,976,609

1,827,461,506

1,986,178,213

2,134,185,731

2,185,436,136

2,230,160,641

2,269,267,423

2,303,266,022

2,359,803,645

2,410,930,772

2,455,515,690

2,493,933,449

Cash at the end of year

1,827,461,506

1,986,178,213

2,134,185,731

2,185,436,136

2,230,160,641

2,269,267,423

2,303,266,022

2,359,803,645

2,410,930,772

2,455,515,690

2,493,933,449

2,299,956,840

INVESTING ACTIVITIES
Investment in fixed assets

FINANCIING ACTIVITIES

121

Sales decrease by 5%: Year 2016

Statement of Income
The Fame Co, Ltd.
For the Year End December
Jan
Sale

30,523,500

Feb
29,972,500

Mar
30,447,500

Apr
32,015,000

May
31,397,500

Jun
30,941,500

Jul
30,428,500

Aug
30,115,000

Sep
29,412,000

Oct
30,856,000

Nov
30,267,000

Dec
26,600,000

Other exp

7,870,780

4,732,580

9,177,880

9,671,580

9,623,580

6,463,880

4,735,580

6,488,080

6,458,080

9,636,580

4,737,580

6,458,280

EBITDA

22,652,720

25,239,920

21,269,620

22,343,420

21,773,920

24,477,620

25,692,920

23,626,920

22,953,920

21,219,420

25,529,420

20,141,720

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

15,607,175

18,194,375

14,224,075

15,297,875

14,728,375

17,432,075

18,647,375

16,581,375

15,908,375

14,173,875

18,483,875

13,096,175

15,607,175

18,194,375

14,224,075

15,297,875

14,728,375

17,432,075

18,647,375

16,581,375

15,908,375

14,173,875

18,483,875

-29,974,825

15,607,175

18,194,375

14,224,075

15,297,875

14,728,375

17,432,075

18,647,375

16,581,375

15,908,375

14,173,875

18,483,875

-29,974,825

Depre&Amort
EBIT

43,071,000

Interest exp
EBT
Taxes (30%)
Net inc.

122

Statement of Cash Flow

The Fame Co, Ltd.
For The Year Ened December 31, 2016
Period

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

OPERATION ACTIVITIES
Net income

15,607,175

18,194,375

14,224,075

15,297,875

14,728,375

17,432,075

18,647,375

16,581,375

15,908,375

14,173,875

18,483,875

-29,974,825

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

Add (Sources of cash)

Depreciation
Increase in A/P

-175,800,000

Subtract (Uses of cash)

Increase in A/R

9,243,244

8,657,543

9,086,432

7,754,345

6,542,345

9,255,000

8,965,675

7,856,951

6,258,951

5,852,156

10,156,982

9,852,987

13,409,476

16,582,377

12,183,188

14,589,075

15,231,575

15,222,620

16,727,245

15,769,969

16,694,969

15,367,264

15,372,438

-208,582,267

1,758,545,530

93,646,830

93,032,830

648,830

575430

985,662

682,354

687,654

357,658

692,654

687,321

254,658

Increase in notes payable

35,000,000

30,000,000

25,000,000

20,000,000

15,000,000

10,000,000

5,000,000

30,000,000

25,000,000

20,000,000

15,000,000

10,000,000

Increase long-term debt

25,000,000

23,000,000

22,000,000

21,000,000

19,000,000

18,000,000

16,700,000

15,400,000

14,100,000

12,800,000

11,500,000

10,200,000

Net cash from financing

60,000,000

53,000,000

47,000,000

41,000,000

34,000,000

28,000,000

21,700,000

45,400,000

39,100,000

32,800,000

26,500,000

20,200,000

1,831,955,006

163,229,207

152,216,018

56,237,905

49,807,005

44,208,282

39,109,599

61,857,623

56,152,627

48,859,918

42,559,759

-188,127,609

1,831,955,006

1,995,184,213

2,147,400,231

2,203,638,136

2,253,445,141

2,297,653,423

2,336,763,022

2,398,620,645

2,454,773,272

2,503,633,190

2,546,192,949

1,995,184,213

2,147,400,231

2,203,638,136

2,253,445,141

2,297,653,423

2,336,763,022

2,398,620,645

2,454,773,272

2,503,633,190

2,546,192,949

2,358,065,340

Net cash provide by ops.

INVESTING ACTIVITIES
Investment in fixed assets

FINANCIING ACTIVITIES

NET CHANGE IN CASH

Plus: Cash at beginning of year
Cash at the end of year

1,831,955,006

123

Sales decrease by 5%: Year 2017

Statement of Income
The Fame Co, Ltd.
For the Year End December
Jan
Sale

35,482,500

Mar
35,625,000

Apr
36,746,000

May
36,195,000

Jun
35,720,000

Jul
35,055,000

Aug
34,485,000

Sep
33,962,500

Oct
35,102,500

Nov
34,600,900

Dec
32,898,500

Other exp

7,870,780

9,177,880

9,671,580

9,623,580

6,463,880

4,735,580

6,488,080

6,458,080

9,636,580

4,737,580

6,458,280

EBITDA

27,611,720

26,447,120

27,074,420

26,571,420

29,256,120

30,319,420

27,996,920

27,504,420

25,465,920

29,863,320

26,440,220

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

20,566,175

19,401,575

20,028,875

19,525,875

22,210,575

23,273,875

20,951,375

20,458,875

18,420,375

22,817,775

19,394,675

20,566,175

19,401,575

20,028,875

19,525,875

22,210,575

23,273,875

20,951,375

20,458,875

18,420,375

22,817,775

-17,523,325

20,566,175

19,401,575

20,028,875

19,525,875

22,210,575

23,273,875

20,951,375

20,458,875

18,420,375

22,817,775

-17,523,325

Depre&Amort
EBIT

36,918,000.00

Interest exp
EBT
Taxes (30%)
Net inc.

124
Statement of Cash Flow
The Fame Co, Ltd.
For The Year Ened December 31, 2013

Period

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

OPERATION ACTIVITIES
Net income

20,566,175

22,896,875

19,401,575

20,028,875

19,525,875

22,210,575

23,273,875

20,951,375

20,458,875

18,420,375

22,817,775

-17,523,325

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

Add (Sources of cash)

Depreciation
Increase in A/P

-175,800,000

Subtract (Uses of cash)

Increase in A/R

9,243,244

8,657,543

9,086,432

7,754,345

6,542,345

9,255,000

8,965,675

7,856,951

6,258,951

5,852,156

10,156,982

9,852,987

18,368,476

21,284,877

17,360,688

19,320,075

20,029,075

20,001,120

21,353,745

20,139,969

21,245,469

19,613,764

19,706,338

-196,130,767

1,758,545,530

93,646,830

93,032,830

648,830

985,662

682,354

687,654

357,658

692,654

687,321

254,658

Increase in notes payable

35,000,000

30,000,000

25,000,000

20,000,000

15,000,000

10,000,000

5,000,000

30,000,000

25,000,000

20,000,000

15,000,000

10,000,000

Increase long-term debt

25,000,000

23,000,000

22,000,000

21,000,000

19,000,000

18,000,000

16,700,000

15,400,000

14,100,000

12,800,000

11,500,000

10,200,000

Net cash from financing

60,000,000

53,000,000

47,000,000

41,000,000

34,000,000

28,000,000

21,700,000

45,400,000

39,100,000

32,800,000

26,500,000

20,200,000

1,836,914,006

167,931,707

157,393,518

60,968,905

54,604,505

48,986,782

43,736,099

66,227,623

60,703,127

53,106,418

46,893,659

-175,676,109

1,836,914,006

3,673,828,012

3,831,221,530

3,892,190,435

3,946,794,940

3,995,781,722

4,039,517,821

4,105,745,444

4,166,448,571

4,219,554,989

4,266,448,648

3,673,828,012

3,831,221,530

3,892,190,435

3,946,794,940

3,995,781,722

4,039,517,821

4,105,745,444

4,166,448,571

4,219,554,989

4,266,448,648

4,090,772,539

Net cash provide by ops.

INVESTING ACTIVITIES
Investment in fixed assets

575,430.00

FINANCIING ACTIVITIES

NET CHANGE IN CASH

Plus: Cash at beginning of year
Cash at the end of year

1,836,914,006

125

Sales decrease by 10%: Year 2013

Statement of Income
The Fame Co, Ltd.
For the Year End December
Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

199,800,000

19,035,000

19,449,000

20,205,000

19,575,000

18,927,000

18,477,000

17,703,000

17,460,000

19,485,000

18,630,000

19,377,000

Other exp

7,870,780

4,732,580

9,177,880

9,671,580

9,623,580

6,463,880

4,735,580

6,488,080

6,458,080

9,636,580

4,737,580

6,458,280

EBITDA

191,929,220

14,302,420

10,271,120

10,533,420

9,951,420

12,463,120

13,741,420

11,214,920

11,001,920

9,848,420

13,892,420

12,918,720

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

184,883,675

7,256,875

3,225,575

3,487,875

2,905,875

5,417,575

6,695,875

4,169,375

3,956,375

2,802,875

6,846,875

5,873,175

Sale

Depre&Amort
EBIT

61530000

Interest exp
EBT

184,883,675

7,256,875

3,225,575

3,487,875

2,905,875

5,417,575

6,695,875

4,169,375

3,956,375

2,802,875

6,846,875

-55,656,825

184,883,675

7,256,875

3,225,575

3,487,875

2,905,875

5,417,575

6,695,875

4,169,375

3,956,375

2,802,875

6,846,875

-55,656,825

Taxes (35%)
Net inc.

126

Statement of Cash Flow

The Fame Co, Ltd.
For The Year Ened December 31, 2013
Period

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

184,883,675

7,256,875

3,225,575

3,487,875

2,905,875

5,417,575

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

9,243,244

8,657,543

9,086,432

182,685,976

5,644,877

1,758,545,530

Increase in notes payable

Dec

6,695,875

4,169,375

3,956,375

2,802,875

6,846,875

-55,656,825

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

-175,800,000

7,754,345

6,542,345

9,255,000

8,965,675

7,856,951

6,258,951

5,852,156

10,156,982

9,852,987

1,184,688

2,779,075

3,409,075

3,208,120

4,775,745

3,357,969

4,742,969

3,996,264

3,735,438

-234,264,267

93,646,830

93,032,830

648,830

575430

985,662

682,354

687,654

357,658

692,654

687,321

254,658

35,000,000

30,000,000

25,000,000

20,000,000

15,000,000

10,000,000

5,000,000

30,000,000

25,000,000

20,000,000

15,000,000

10,000,000

Increase long-term debt

25,000,000

23,000,000

22,000,000

21,000,000

19,000,000

18,000,000

16,700,000

15,400,000

14,100,000

12,800,000

11,500,000

10,200,000

Net cash from financing

60,000,000

53,000,000

47,000,000

41,000,000

34,000,000

28,000,000

21,700,000

45,400,000

39,100,000

32,800,000

26,500,000

20,200,000

NET CHANGE IN CASH

Plus: Cash at beginning of
year

2,001,231,506

152,291,707

141,217,518

44,427,905

37,984,505

32,193,782

27,158,099

49,445,623

44,200,627

37,488,918

30,922,759

-213,809,609

2,001,231,506

2,153,523,213

2,294,740,731

2,339,168,636

2,377,153,141

2,409,346,923

2,436,505,022

2,485,950,645

2,530,151,272

2,567,640,190

2,598,562,949

Cash at the end of year

2,001,231,506

2,153,523,213

2,294,740,731

2,339,168,636

2,377,153,141

2,409,346,923

2,436,505,022

2,485,950,645

2,530,151,272

2,567,640,190

2,598,562,949

2,384,753,340

OPERATION ACTIVITIES
Net income
Add (Sources of cash)
Depreciation
Increase in A/P
Subtract (Uses of cash)
Increase in A/R
Net cash provide by ops.

INVESTING ACTIVITIES
Investment in fixed assets

FINANCIING ACTIVITIES

127

Sales decrease by 10%: Year 2014

Statement of Income
The Fame Co, Ltd.
For the Year End December
Jan
Sale

21,825,000

Feb
20,907,000

Mar
21,402,000

Apr
22,140,000

May
21,537,000

Jun
20,880,000

Jul
20,610,000

Aug
20,277,000

Sep
20,034,000

Oct
21,285,000

Nov
20,799,000

Dec
21,024,000

Other exp

7,870,780

4,732,580

9,177,880

9,671,580

9,623,580

6,463,880

4,735,580

6,488,080

6,458,080

9,636,580

4,737,580

6,458,280

EBITDA

13,954,220

16,174,420

12,224,120

12,468,420

11,913,420

14,416,120

15,874,420

13,788,920

13,575,920

11,648,420

16,061,420

14,565,720

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

6,908,675

9,128,875

5,178,575

5,422,875

4,867,875

7,370,575

8,828,875

6,743,375

6,530,375

4,602,875

9,015,875

7,520,175

6,908,675

-46,248,125

5,178,575

5,422,875

4,867,875

7,370,575

8,828,875

6,743,375

6,530,375

4,602,875

9,015,875

-47,856,825

6,908,675

-46,248,125

5,178,575

5,422,875

4,867,875

7,370,575

8,828,875

6,743,375

6,530,375

4,602,875

9,015,875

-47,856,825

Depre&Amort
EBIT

55,377,000

Interest exp
EBT
Taxes (35%)
Net inc.

128
Statement of Cash Flow
The Fame Co, Ltd.
For The Year Ened December 31, 2014

Period

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

OPERATION ACTIVITIES
Net income

6,908,675

-46,248,125

5,178,575

5,422,875

4,867,875

7,370,575

8,828,875

6,743,375

6,530,375

4,602,875

9,015,875

-47,856,825

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

Add (Sources of cash)

Depreciation
Increase in A/P

-175,800,000

Subtract (Uses of cash)

Increase in A/R

9,243,244

8,657,543

9,086,432

7,754,345

6,542,345

9,255,000

8,965,675

7,856,951

6,258,951

5,852,156

10,156,982

9,852,987

Net cash provide by ops.

4,710,976

-47,860,123

3,137,688

4,714,075

5,371,075

5,161,120

6,908,745

5,931,969

7,316,969

5,796,264

5,904,438

-226,464,267

1,758,545,530

93,646,830

93,032,830

648,830

575430

985,662

682,354

687,654

357,658

692,654

687,321

254,658

Increase in notes payable

35,000,000

30,000,000

25,000,000

20,000,000

15,000,000

10,000,000

5,000,000

30,000,000

25,000,000

20,000,000

15,000,000

10,000,000

Increase long-term debt

25,000,000

23,000,000

22,000,000

21,000,000

19,000,000

18,000,000

16,700,000

15,400,000

14,100,000

12,800,000

11,500,000

10,200,000

Net cash from financing

60,000,000

53,000,000

47,000,000

41,000,000

34,000,000

28,000,000

21,700,000

45,400,000

39,100,000

32,800,000

26,500,000

20,200,000

1,823,256,506

98,786,707

143,170,518

46,362,905

39,946,505

34,146,782

29,291,099

52,019,623

46,774,627

39,288,918

33,091,759

-206,009,609

1,823,256,506

1,922,043,213

2,065,213,731

2,111,576,636

2,151,523,141

2,185,669,923

2,214,961,022

2,266,980,645

2,313,755,272

2,353,044,190

2,386,135,949

1,922,043,213

2,065,213,731

2,111,576,636

2,151,523,141

2,185,669,923

2,214,961,022

2,266,980,645

2,313,755,272

2,353,044,190

2,386,135,949

2,180,126,340

INVESTING ACTIVITIES
Investment in fixed assets

FINANCIING ACTIVITIES

NET CHANGE IN CASH

Plus: Cash at beginning of year
Cash at the end of year

1,823,256,506

129

Sales decrease by 10%: Year 2015

Statement of Income
The Fame Co, Ltd.
For the Year End December
Jan
Sale

24,660,000

Feb
24,120,000

Mar
24,858,000

Apr
25,605,000

May
24,930,000

Jun
24,480,000

Jul
23,985,000

Aug
23,490,000

Sep
23,103,000

Oct
25,182,000

Nov
24,750,000

Dec
25,488,000

Other exp

7,870,780

4,732,580

9,177,880

9,671,580

9,623,580

6,463,880

4,735,580

6,488,080

6,458,080

9,636,580

4,737,580

6,458,280

EBITDA

16,789,220

19,387,420

15,680,120

15,933,420

15,306,420

18,016,120

19,249,420

17,001,920

16,644,920

15,545,420

20,012,420

19,029,720

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

9,743,675

12,341,875

8,634,575

8,887,875

8,260,875

10,970,575

12,203,875

9,956,375

9,599,375

8,499,875

12,966,875

11,984,175

9,743,675

12,341,875

8,634,575

8,887,875

8,260,875

10,970,575

12,203,875

9,956,375

9,599,375

8,499,875

12,966,875

-37,239,825

9,743,675

12,341,875

8,634,575

8,887,875

8,260,875

10,970,575

12,203,875

9,956,375

9,599,375

8,499,875

12,966,875

-37,239,825

Depre&Amort
EBIT

49,224,000

Interest exp
EBT
Taxes (30%)
Net inc.

130
Statement of Cash Flow
The Fame Co, Ltd.
For The Year Ened December 31, 2015

Period

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

OPERATION ACTIVITIES
Net income

9,743,675

12,341,875

8,634,575

8,887,875

8,260,875

10,970,575

12,203,875

9,956,375

9,599,375

8,499,875

12,966,875

-37,239,825

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

Add (Sources of cash)

Depreciation
Increase in A/P

-175,800,000

Subtract (Uses of cash)

Increase in A/R

9,243,244

8,657,543

9,086,432

7,754,345

6,542,345

9,255,000

8,965,675

7,856,951

6,258,951

5,852,156

10,156,982

9,852,987

Net cash provide by ops.

7,545,976

10,729,877

6,593,688

8,179,075

8,764,075

8,761,120

10,283,745

9,144,969

10,385,969

9,693,264

9,855,438

-215,847,267

1,758,545,530

93,646,830

93,032,830

648,830

575430

985,662

682,354

687,654

357,658

692,654

687,321

254,658

Increase in notes payable

35,000,000

30,000,000

25,000,000

20,000,000

15,000,000

10,000,000

5,000,000

30,000,000

25,000,000

20,000,000

15,000,000

10,000,000

Increase long-term debt

25,000,000

23,000,000

22,000,000

21,000,000

19,000,000

18,000,000

16,700,000

15,400,000

14,100,000

12,800,000

11,500,000

10,200,000

Net cash from financing

60,000,000

53,000,000

47,000,000

41,000,000

34,000,000

28,000,000

21,700,000

45,400,000

39,100,000

32,800,000

26,500,000

20,200,000

NET CHANGE IN CASH

Plus: Cash at beginning of
year

1,826,091,506

157,376,707

146,626,518

49,827,905

43,339,505

37,746,782

32,666,099

55,232,623

49,843,627

43,185,918

37,042,759

-195,392,609

1,826,091,506

1,983,468,213

2,130,094,731

2,179,922,636

2,223,262,141

2,261,008,923

2,293,675,022

2,348,907,645

2,398,751,272

2,441,937,190

2,478,979,949

Cash at the end of year

1,826,091,506

1,983,468,213

2,130,094,731

2,179,922,636

2,223,262,141

2,261,008,923

2,293,675,022

2,348,907,645

2,398,751,272

2,441,937,190

2,478,979,949

2,283,587,340

INVESTING ACTIVITIES
Investment in fixed assets

FINANCIING ACTIVITIES

131

Sales decrease by 10%: Year 2016

Statement of Income
The Fame Co, Ltd.
For the Year End December
Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

28,917,000

28,395,000

288,450,000

30,330,000

29,745,000

29,313,000

28,827,000

28,530,000

27,864,000

29,232,000

28,674,000

25,200,000

Other exp

7,870,780

4,732,580

9,177,880

9,671,580

9,623,580

6,463,880

4,735,580

6,488,080

6,458,080

9,636,580

4,737,580

6,458,280

EBITDA

21,046,220

23,662,420

279,272,120

20,658,420

20,121,420

22,849,120

24,091,420

22,041,920

21,405,920

19,595,420

23,936,420

18,741,720

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

14,000,675

16,616,875

272,226,575

13,612,875

13,075,875

15,803,575

17,045,875

14,996,375

14,360,375

12,549,875

16,890,875

11,696,175

Sale

Depre&Amort
EBIT

43,071,000

Interest exp
EBT

14,000,675

16,616,875

272,226,575

13,612,875

13,075,875

15,803,575

17,045,875

14,996,375

14,360,375

12,549,875

16,890,875

-31,374,825

14,000,675

16,616,875

272,226,575

13,612,875

13,075,875

15,803,575

17,045,875

14,996,375

14,360,375

12,549,875

16,890,875

-31,374,825

Taxes (30%)
Net inc.

132
Statement of Cash Flow
The Fame Co, Ltd.
For The Year Ened December 31, 2016

Period

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

OPERATION ACTIVITIES
Net income

14,000,675

16,616,875

272,226,575

13,612,875

13,075,875

15,803,575

17,045,875

14,996,375

14,360,375

12,549,875

16,890,875

-31,374,825

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

Add (Sources of cash)

Depreciation
Increase in A/P

-175,800,000

Subtract (Uses of cash)

Increase in A/R

9,243,244

8,657,543

9,086,432

7,754,345

6,542,345

9,255,000

8,965,675

7,856,951

6,258,951

5,852,156

10,156,982

9,852,987

11,802,976

15,004,877

270,185,688

12,904,075

13,579,075

13,594,120

15,125,745

14,184,969

15,146,969

13,743,264

13,779,438

-209,982,267

1,758,545,530

93,646,830

93,032,830

648,830

575430

985,662

682,354

687,654

357,658

692,654

687,321

254,658

Increase in notes payable

35,000,000

30,000,000

25,000,000

20,000,000

15,000,000

10,000,000

5,000,000

30,000,000

25,000,000

20,000,000

15,000,000

10,000,000

Increase long-term debt

25,000,000

23,000,000

22,000,000

21,000,000

19,000,000

18,000,000

16,700,000

15,400,000

14,100,000

12,800,000

11,500,000

10,200,000

Net cash from financing

60,000,000

53,000,000

47,000,000

41,000,000

34,000,000

28,000,000

21,700,000

45,400,000

39,100,000

32,800,000

26,500,000

20,200,000

1,830,348,506

161,651,707

410,218,518

54,552,905

48,154,505

42,579,782

37,508,099

60,272,623

54,604,627

47,235,918

40,966,759

-189,527,609

1,830,348,506

1,992,000,213

2,402,218,731

2,456,771,636

2,504,926,141

2,547,505,923

2,585,014,022

2,645,286,645

2,699,891,272

2,747,127,190

2,788,093,949

1,992,000,213

2,402,218,731

2,456,771,636

2,504,926,141

2,547,505,923

2,585,014,022

2,645,286,645

2,699,891,272

2,747,127,190

2,788,093,949

2,598,566,340

Net cash provide by ops.

INVESTING ACTIVITIES
Investment in fixed assets

FINANCIING ACTIVITIES

NET CHANGE IN CASH

Plus: Cash at beginning of year
Cash at the end of year

1,830,348,506

133

Sales decrease by 10%: Year 2017

Statement of Income
The Fame Co, Ltd.
For the Year End December
Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

33,615,000

32,850,000

33,750,000

34,812,000

34,290,000

33,840,000

33,210,000

32,670,000

35,749,990

33,255,000

32,779,800

31,167,000

Other exp

7,870,780

4,732,580

9,177,880

9,671,580

9,623,580

6,463,880

4,735,580

6,488,080

6,458,080

9,636,580

4,737,580

6,458,280

EBITDA

25,744,220

28,117,420

24,572,120

25,140,420

24,666,420

27,376,120

28,474,420

26,181,920

29,291,910

23,618,420

28,042,220

24,708,720

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

18,698,675

21,071,875

17,526,575

18,094,875

17,620,875

20,330,575

21,428,875

19,136,375

22,246,365

16,572,875

20,996,675

17,663,175

Sale

Depre&Amort
EBIT

36,918,000.00

Interest exp
EBT

18,698,675

21,071,875

17,526,575

18,094,875

17,620,875

20,330,575

21,428,875

19,136,375

22,246,365

16,572,875

20,996,675

-19,254,825

18,698,675

21,071,875

17,526,575

18,094,875

17,620,875

20,330,575

21,428,875

19,136,375

22,246,365

16,572,875

20,996,675

-19,254,825

Taxes (30%)
Net inc.

134
Statement of Cash Flow
The Fame Co, Ltd.
For The Year Ened December 31, 2017

Period

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

OPERATION ACTIVITIES
Net income

18,698,675

21,071,875

17,526,575

18,094,875

17,620,875

20,330,575

21,428,875

19,136,375

22,246,365

16,572,875

20,996,675

-19,254,825

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

Add (Sources of cash)

Depreciation
Increase in A/P

-175,800,000

Subtract (Uses of cash)

Increase in A/R

9,243,244

8,657,543

9,086,432

7,754,345

6,542,345

9,255,000

8,965,675

7,856,951

6,258,951

5,852,156

10,156,982

9,852,987

16,500,976

19,459,877

15,485,688

17,386,075

18,124,075

18,121,120

19,508,745

18,324,969

23,032,959

17,766,264

17,885,238

-197,862,267

1,758,545,530

93,646,830

93,032,830

648,830

575,430.00

985,662

682,354

687,654

357,658

692,654

687,321

254,658

Increase in notes payable

35,000,000

30,000,000

25,000,000

20,000,000

15,000,000

10,000,000

5,000,000

30,000,000

25,000,000

20,000,000

15,000,000

10,000,000

Increase long-term debt

25,000,000

23,000,000

22,000,000

21,000,000

19,000,000

18,000,000

16,700,000

15,400,000

14,100,000

12,800,000

11,500,000

10,200,000

Net cash from financing

60,000,000

53,000,000

47,000,000

41,000,000

34,000,000

28,000,000

21,700,000

45,400,000

39,100,000

32,800,000

26,500,000

20,200,000

1,835,046,506

166,106,707

155,518,518

59,034,905

52,699,505

47,106,782

41,891,099

64,412,623

62,490,617

51,258,918

45,072,559

-177,407,609

1,835,046,506

2,001,153,213

2,156,671,731

2,215,706,636

2,268,406,141

2,315,512,923

2,357,404,022

2,421,816,645

2,484,307,262

2,535,566,180

2,580,638,739

2,001,153,213

2,156,671,731

2,215,706,636

2,268,406,141

2,315,512,923

2,357,404,022

2,421,816,645

2,484,307,262

2,535,566,180

2,580,638,739

2,403,231,130

Net cash provide by ops.

INVESTING ACTIVITIES
Investment in fixed assets

FINANCIING ACTIVITIES

NET CHANGE IN CASH

Plus: Cash at beginning of year
Cash at the end of year

1,835,046,506

135

Sales decrease by 15%: Year 2013

Statement of Income
The Fame Co, Ltd.
For the Year End December
Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

18,870,000

17,977,500

18,368,500

19,082,500

18,487,500

17,875,500

17,450,500

16,719,500

16,490,000

18,402,500

17,595,000

18,300,500

Other exp

7,870,780

4,732,580

9,177,880

9,671,580

9,623,580

6,463,880

4,735,580

6,488,080

6,458,080

9,636,580

4,737,580

6,458,280

EBITDA

10,999,220

13,244,920

9,190,620

9,410,920

8,863,920

11,411,620

12,714,920

10,231,420

10,031,920

8,765,920

12,857,420

11,842,220

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

3,953,675

6,199,375

2,145,075

2,365,375

1,818,375

4,366,075

5,669,375

3,185,875

2,986,375

1,720,375

5,811,875

4,796,675

Sale

Depre&Amort
EBIT

61530000

Interest exp
EBT

3,953,675

6,199,375

2,145,075

2,365,375

1,818,375

4,366,075

5,669,375

3,185,875

2,986,375

1,720,375

5,811,875

-56,733,325

3,953,675

6,199,375

2,145,075

2,365,375

1,818,375

4,366,075

5,669,375

3,185,875

2,986,375

1,720,375

5,811,875

-56,733,325

Taxes (35%)
Net inc.

136
Statement of Cash Flow
The Fame Co, Ltd.
For The Year Ened December 31, 2013

Period
OPERATION
ACTIVITIES
Net income

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

3,953,675

6,199,375

2,145,075

2,365,375

1,818,375

4,366,075

5,669,375

3,185,875

2,986,375

1,720,375

5,811,875

-56,733,325

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

-175,800,000

Increase in A/R

9,243,244

8,657,543

9,086,432

7,754,345

6,542,345

9,255,000

8,965,675

7,856,951

6,258,951

5,852,156

10,156,982

9,852,987

Net cash provide by ops.

1,755,976

4,587,377

104,188

1,656,575

2,321,575

2,156,620

3,749,245

2,374,469

3,772,969

2,913,764

2,700,438

-235,340,767

1,758,545,530

93,646,830

93,032,830

648,830

575430

985,662

682,354

687,654

357,658

692,654

687,321

254,658

Increase in notes payable

35,000,000

30,000,000

25,000,000

20,000,000

15,000,000

10,000,000

5,000,000

30,000,000

25,000,000

20,000,000

15,000,000

10,000,000

Increase long-term debt

25,000,000

23,000,000

22,000,000

21,000,000

19,000,000

18,000,000

16,700,000

15,400,000

14,100,000

12,800,000

11,500,000

10,200,000

Net cash from financing

60,000,000

53,000,000

47,000,000

41,000,000

34,000,000

28,000,000

21,700,000

45,400,000

39,100,000

32,800,000

26,500,000

20,200,000

1,820,301,506

151,234,207

140,137,018

43,305,405

36,897,005

31,142,282

26,131,599

48,462,123

43,230,627

36,406,418

29,887,759

-214,886,109

1,820,301,506

1,971,535,713

2,111,672,731

2,154,978,136

2,191,875,141

2,223,017,423

2,249,149,022

2,297,611,145

2,340,841,772

2,377,248,190

2,111,672,731

2,154,978,136

2,191,875,141

2,223,017,423

2,249,149,022

2,297,611,145

2,340,841,772

2,377,248,190

2,407,135,949

2,192,249,840

Add (Sources of cash)

Depreciation
Increase in A/P
Subtract (Uses of cash)

INVESTING ACTIVITIES
Investment in fixed assets
FINANCIING
ACTIVITIES

NET CHANGE IN CASH

Plus: Cash at beginning of year
Cash at the end of year

1,820,301,506

1,971,535,713

2,407,135,

137

Sales decrease by 15%: Year 2014

Statement of Income
The Fame Co, Ltd.
For the Year End December
Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

20,612,500

19,745,500

20,213,000

20,910,000

20,340,500

19,720,000

19,465,000

19,150,500

18,921,000

20,102,500

19,643,500

19,856,000

Other exp

7,870,780

4,732,580

9,177,880

9,671,580

9,623,580

6,463,880

4,735,580

6,488,080

6,458,080

9,636,580

4,737,580

6,458,280

EBITDA

12,741,720

15,012,920

11,035,120

11,238,420

10,716,920

13,256,120

14,729,420

12,662,420

12,462,920

10,465,920

14,905,920

13,397,720

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

5,696,175

7,967,375

3,989,575

4,192,875

3,671,375

6,210,575

7,683,875

5,616,875

5,417,375

3,420,375

7,860,375

6,352,175

Sale

Depre&Amort
EBIT

55,377,000

Interest exp
EBT

5,696,175

-47,409,625

3,989,575

4,192,875

3,671,375

6,210,575

7,683,875

5,616,875

5,417,375

3,420,375

7,860,375

-49,024,825

5,696,175

-47,409,625

3,989,575

4,192,875

3,671,375

6,210,575

7,683,875

5,616,875

5,417,375

3,420,375

7,860,375

-49,024,825

Taxes (35%)
Net inc.

138
Statement of Cash Flow
The Fame Co, Ltd.
For The Year Ened December 31, 2014

Period
OPERATION
ACTIVITIES
Net income

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

5,696,175

-47,409,625

3,989,575

4,192,875

3,671,375

6,210,575

7,683,875

5,616,875

5,417,375

3,420,375

7,860,375

-49,024,825

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

Add (Sources of cash)

Depreciation
Increase in A/P

-175,800,000

Subtract (Uses of cash)

Increase in A/R

9,243,244

8,657,543

9,086,432

7,754,345

6,542,345

9,255,000

8,965,675

7,856,951

6,258,951

5,852,156

10,156,982

9,852,987

Net cash provide by ops.

3,498,476

-49,021,623

1,948,688

3,484,075

4,174,575

4,001,120

5,763,745

4,805,469

6,203,969

4,613,764

4,748,938

-227,632,267

1,758,545,530

93,646,830

93,032,830

648,830

575430

985,662

682,354

687,654

357,658

692,654

687,321

254,658

Increase in notes payable

35,000,000

30,000,000

25,000,000

20,000,000

15,000,000

10,000,000

5,000,000

30,000,000

25,000,000

20,000,000

15,000,000

10,000,000

Increase long-term debt

25,000,000

23,000,000

22,000,000

21,000,000

19,000,000

18,000,000

16,700,000

15,400,000

14,100,000

12,800,000

11,500,000

10,200,000

Net cash from financing

60,000,000

53,000,000

47,000,000

41,000,000

34,000,000

28,000,000

21,700,000

45,400,000

39,100,000

32,800,000

26,500,000

20,200,000

1,822,044,006

97,625,207

141,981,518

45,132,905

38,750,005

32,986,782

28,146,099

50,893,123

45,661,627

38,106,418

31,936,259

-207,177,609

1,822,044,006

1,919,669,213

2,061,650,731

2,106,783,636

2,145,533,641

2,178,520,423

2,206,666,522

2,257,559,645

2,303,221,272

2,341,327,690

2,061,650,731

2,106,783,636

2,145,533,641

2,178,520,423

2,206,666,522

2,257,559,645

2,303,221,272

2,341,327,690

2,373,263,949

2,166,086,340

INVESTING ACTIVITIES
Investment in fixed assets
FINANCIING
ACTIVITIES

NET CHANGE IN CASH

Plus: Cash at beginning of year
Cash at the end of year

1,822,044,006

1,919,669,213

2,373,263,

139

Sales decrease by 15%: Year 2015

Statement of Income
The Fame Co, Ltd.
For the Year End December
Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

23,290,000

22,780,000

23,477,000

24,182,500

23,545,000

22,950,000

22,652,500

22,185,000

21,819,500

23,783,000

23,375,000

24,072,000

Other exp

7,870,780

4,732,580

9,177,880

9,671,580

9,623,580

6,463,880

4,735,580

6,488,080

6,458,080

9,636,580

4,737,580

6,458,280

EBITDA

15,419,220

18,047,420

14,299,120

14,510,920

13,921,420

16,486,120

17,916,920

15,696,920

15,361,420

14,146,420

18,637,420

17,613,720

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

8,373,675

11,001,875

7,253,575

7,465,375

6,875,875

9,440,575

10,871,375

8,651,375

8,315,875

7,100,875

11,591,875

10,568,175

Sale

Depre&Amort
EBIT

49,224,000

Interest exp
EBT

8,373,675

11,001,875

7,253,575

7,465,375

6,875,875

9,440,575

10,871,375

8,651,375

8,315,875

7,100,875

11,591,875

-38,655,825

8,373,675

11,001,875

7,253,575

7,465,375

6,875,875

9,440,575

10,871,375

8,651,375

8,315,875

7,100,875

11,591,875

-38,655,825

Taxes (30%)
Net inc.

140
Statement of Cash Flow
The Fame Co, Ltd.
For The Year Ened December 31, 2015

Period
OPERATION
ACTIVITIES

Jan

Net income

8,373,675

7,045,545

Feb

Mar

Apr

May

Jun

11,001,875

7,253,575

7,465,375

6,875,875

9,440,575

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

Jul

Aug

Sep

Oct

Nov

Dec

10,871,375

8,651,375

8,315,875

7,100,875

11,591,875

-38,655,825

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

Add (Sources of cash)

Depreciation
Increase in A/P

-175,800,000

Subtract (Uses of cash)

Increase in A/R

9,243,244

8,657,543

9,086,432

7,754,345

6,542,345

9,255,000

8,965,675

7,856,951

6,258,951

5,852,156

10,156,982

9,852,987

Net cash provide by ops.

6,175,976

9,389,877

5,212,688

6,756,575

7,379,075

7,231,120

8,951,245

7,839,969

9,102,469

8,294,264

8,480,438

-217,263,267

1,758,545,530

93,646,830

93,032,830

648,830

575430

985,662

682,354

687,654

357,658

692,654

687,321

254,658

Increase in notes payable

35,000,000

30,000,000

25,000,000

20,000,000

15,000,000

10,000,000

5,000,000

30,000,000

25,000,000

20,000,000

15,000,000

10,000,000

Increase long-term debt

25,000,000

23,000,000

22,000,000

21,000,000

19,000,000

18,000,000

16,700,000

15,400,000

14,100,000

12,800,000

11,500,000

10,200,000

Net cash from financing

60,000,000

53,000,000

47,000,000

41,000,000

34,000,000

28,000,000

21,700,000

45,400,000

39,100,000

32,800,000

26,500,000

20,200,000

1,824,721,506

156,036,707

145,245,518

48,405,405

41,954,505

36,216,782

31,333,599

53,927,623

48,560,127

41,786,918

35,667,759

-196,808,609

1,824,721,506

1,980,758,213

2,126,003,731

2,174,409,136

2,216,363,641

2,252,580,423

2,283,914,022

2,337,841,645

2,386,401,772

2,428,188,690

2,126,003,731

2,174,409,136

2,216,363,641

2,252,580,423

2,283,914,022

2,337,841,645

2,386,401,772

2,428,188,690

2,463,856,449

2,267,047,840

INVESTING ACTIVITIES
Investment in fixed assets
FINANCIING
ACTIVITIES

NET CHANGE IN CASH

Plus: Cash at beginning of year
Cash at the end of year

1,824,721,506

1,980,758,213

2,463,8

141

Sales decrease by 15%: Year 2016

Statement of Income
The Fame Co, Ltd.
For the Year End December
Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

27,310,500

268,175,000

27,242,500

28,645,000

28,092,500

27,684,500

27,225,500

26,945,000

26,316,000

27,608,000

27,081,000

23,800,000

Other exp

7,870,780

4,732,580

9,177,880

9,671,580

9,623,580

6,463,880

4,735,580

6,488,080

6,458,080

9,636,580

4,737,580

6,458,280

EBITDA

19,439,720

263,442,420

18,064,620

18,973,420

18,468,920

21,220,620

22,489,920

20,456,920

19,857,920

17,971,420

22,343,420

17,341,720

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

12,394,175

256,396,875

11,019,075

11,927,875

11,423,375

14,175,075

15,444,375

13,411,375

12,812,375

10,925,875

15,297,875

10,296,175

Sale

Depre&Amort
EBIT

43,071,000

Interest exp
EBT

12,394,175

256,396,875

11,019,075

11,927,875

11,423,375

14,175,075

15,444,375

13,411,375

12,812,375

10,925,875

15,297,875

-32,774,825

12,394,175

256,396,875

11,019,075

11,927,875

11,423,375

14,175,075

15,444,375

13,411,375

12,812,375

10,925,875

15,297,875

-32,774,825

Taxes (30%)
Net inc.

142
Statement of Cash Flow
The Fame Co, Ltd.
For The Year Ened December 31, 2016

Period

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

OPERATION ACTIVITIES
Net income

12,394,175

256,396,875

11,019,075

11,927,875

11,423,375

14,175,075

15,444,375

13,411,375

12,812,375

10,925,875

15,297,875

-32,774,825

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

Add (Sources of cash)

Depreciation
Increase in A/P

-175,800,000

Subtract (Uses of cash)

Increase in A/R

9,243,244

8,657,543

9,086,432

7,754,345

6,542,345

9,255,000

8,965,675

7,856,951

6,258,951

5,852,156

10,156,982

9,852,987

10,196,476

254,784,877

8,978,188

11,219,075

11,926,575

11,965,620

13,524,245

12,599,969

13,598,969

12,119,264

12,186,438

-211,382,267

1,758,545,530

93,646,830

93,032,830

648,830

575430

985,662

682,354

687,654

357,658

692,654

687,321

254,658

Increase in notes payable

35,000,000

30,000,000

25,000,000

20,000,000

15,000,000

10,000,000

5,000,000

30,000,000

25,000,000

20,000,000

15,000,000

10,000,000

Increase long-term debt

25,000,000

23,000,000

22,000,000

21,000,000

19,000,000

18,000,000

16,700,000

15,400,000

14,100,000

12,800,000

11,500,000

10,200,000

Net cash from financing

60,000,000

53,000,000

47,000,000

41,000,000

34,000,000

28,000,000

21,700,000

45,400,000

39,100,000

32,800,000

26,500,000

20,200,000

1,828,742,006

401,431,707

149,011,018

52,867,905

46,502,005

40,951,282

35,906,599

58,687,623

53,056,627

45,611,918

39,373,759

-190,927,609

1,828,742,006

2,230,173,713

2,379,184,731

2,432,052,636

2,478,554,641

2,519,505,923

2,555,412,522

2,614,100,145

2,667,156,772

2,712,768,690

2,752,142,449

2,230,173,713

2,379,184,731

2,432,052,636

2,478,554,641

2,519,505,923

2,555,412,522

2,614,100,145

2,667,156,772

2,712,768,690

2,752,142,449

2,561,214,840

Net cash provide by ops.

INVESTING ACTIVITIES
Investment in fixed assets

FINANCIING ACTIVITIES

NET CHANGE IN CASH

Plus: Cash at beginning of year
Cash at the end of year

1,828,742,006

143

Sales decrease by 15%: Year 2017

Statement of Income
The Fame Co, Ltd.
For the Year End December
Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

31,747,500

31,025,000

31,875,000

32,878,000

32,385,000

31,960,000

31,365,000

30,855,000

30,387,500

31,407,500

30,958,700

29,435,500

Other exp

7,870,780

4,732,580

9,177,880

9,671,580

9,623,580

6,463,880

4,735,580

6,488,080

6,458,080

9,636,580

4,737,580

6,458,280

EBITDA

23,876,720

26,292,420

22,697,120

23,206,420

22,761,420

25,496,120

26,629,420

24,366,920

23,929,420

21,770,920

26,221,120

22,977,220

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

16,831,175

19,246,875

15,651,575

16,160,875

15,715,875

18,450,575

19,583,875

17,321,375

16,883,875

14,725,375

19,175,575

15,931,675

Sale

Depre&Amort
EBIT

36,918,000.00

Interest exp
EBT

16,831,175

19,246,875

15,651,575

16,160,875

15,715,875

18,450,575

19,583,875

17,321,375

16,883,875

14,725,375

19,175,575

-20,986,325

16,831,175

19,246,875

15,651,575

16,160,875

15,715,875

18,450,575

19,583,875

17,321,375

16,883,875

14,725,375

19,175,575

-20,986,325

Taxes (30%)
Net inc.

144
Statement of Cash Flow
The Fame Co, Ltd.
For The Year Ened December 31, 2013

Period
OPERATION
ACTIVITIES
Net income

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

16,831,175

19,246,875

15,651,575

16,160,875

15,715,875

18,450,575

19,583,875

17,321,375

16,883,875

14,725,375

19,175,575

-20,986,325

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

Add (Sources of cash)

Depreciation
Increase in A/P

-175,800,000

Subtract (Uses of cash)

Increase in A/R

9,243,244

8,657,543

9,086,432

7,754,345

6,542,345

9,255,000

8,965,675

7,856,951

6,258,951

5,852,156

10,156,982

9,852,987

14,633,476

17,634,877

13,610,688

15,452,075

16,219,075

16,241,120

17,663,745

16,509,969

17,670,469

15,918,764

16,064,138

-199,593,767

1,758,545,530

93,646,830

93,032,830

648,830

575,430.00

985,662

682,354

687,654

357,658

692,654

687,321

254,658

Increase in notes payable

35,000,000

30,000,000

25,000,000

20,000,000

15,000,000

10,000,000

5,000,000

30,000,000

25,000,000

20,000,000

15,000,000

10,000,000

Increase long-term debt

25,000,000

23,000,000

22,000,000

21,000,000

19,000,000

18,000,000

16,700,000

15,400,000

14,100,000

12,800,000

11,500,000

10,200,000

Net cash from financing

60,000,000

53,000,000

47,000,000

41,000,000

34,000,000

28,000,000

21,700,000

45,400,000

39,100,000

32,800,000

26,500,000

20,200,000

1,833,179,006

164,281,707

153,643,518

57,100,905

50,794,505

45,226,782

40,046,099

62,597,623

57,128,127

49,411,418

43,251,459

-179,139,109

1,833,179,006

1,997,460,713

2,151,104,231

2,208,205,136

2,258,999,641

2,304,226,423

2,344,272,522

2,406,870,145

2,463,998,272

2,513,409,690

2,151,104,231

2,208,205,136

2,258,999,641

2,304,226,423

2,344,272,522

2,406,870,145

2,463,998,272

2,513,409,690

2,556,661,149

2,377,522,040

Net cash provide by ops.

INVESTING ACTIVITIES
Investment in fixed assets
FINANCIING
ACTIVITIES

NET CHANGE IN CASH

Plus: Cash at beginning of year
Cash at the end of year

1,833,179,006

1,997,460,713

145

Interest increase by 5%: Year 2013

Statement of Income
The Fame Co, Ltd.
For the Year End December
Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

22,200,000

21,150,000

21,610,000

22,450,000

21,750,000

21,030,000

20,530,000

19,670,000

19,400,000

21,650,000

20,700,000

21,530,000

Other exp

8,264,319

4,969,209

9,636,774

10,155,159

10,104,759

6,787,074

4,972,359

6,812,484

6,780,984

10,118,409

4,974,459

6,781,194

EBITDA

13,935,681

16,180,791

11,973,226

12,294,841

11,645,241

14,242,926

15,557,641

12,857,516

12,619,016

11,531,591

15,725,541

14,748,806

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

6,890,136

9,135,246

4,927,681

5,249,296

4,599,696

7,197,381

8,512,096

5,811,971

5,573,471

4,486,046

8,679,996

7,703,261

Sale

Depre&Amort
EBIT

64,606,500

Interest exp
EBT

6,890,136

9,135,246

4,927,681

5,249,296

4,599,696

7,197,381

8,512,096

5,811,971

5,573,471

4,486,046

8,679,996

-56,903,239

6,890,136

9,135,246

4,927,681

5,249,296

4,599,696

7,197,381

8,512,096

5,811,971

5,573,471

4,486,046

8,679,996

-56,903,239

Taxes (35%)
Net inc.

146
Statement of Cash Flow
The Fame Co, Ltd.
For The Year Ened December 31, 2013

Period

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

6,890,136

9,135,246

4,927,681

5,249,296

4,599,696

7,197,381

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

Increase in A/R

9,243,244

8,657,543

9,086,432

Net cash provide by ops.

4,692,437

7,523,248

1,758,545,530

Increase in notes payable

Dec

8,512,096

5,811,971

5,573,471

4,486,046

8,679,996

-56,903,239

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

-175,800,000

7,754,345

6,542,345

9,255,000

8,965,675

7,856,951

6,258,951

5,852,156

10,156,982

9,852,987

2,886,794

4,540,496

5,102,896

4,987,926

6,591,966

5,000,565

6,360,065

5,679,435

5,568,559

-235,510,681

93,646,830

93,032,830

648,830

575430

985,662

682,354

687,654

357,658

692,654

687,321

254,658

35,000,000

30,000,000

25,000,000

20,000,000

15,000,000

10,000,000

5,000,000

30,000,000

25,000,000

20,000,000

15,000,000

10,000,000

Increase long-term debt

25,000,000

23,000,000

22,000,000

21,000,000

19,000,000

18,000,000

16,700,000

15,400,000

14,100,000

12,800,000

11,500,000

10,200,000

Net cash from financing

60,000,000

53,000,000

47,000,000

41,000,000

34,000,000

28,000,000

21,700,000

45,400,000

39,100,000

32,800,000

26,500,000

20,200,000

1,823,237,967

154,170,078

142,919,624

46,189,326

39,678,326

33,973,588

28,974,320

51,088,219

45,817,723

39,172,089

32,755,880

-215,056,023

1,823,237,967

1,977,408,045

2,120,327,669

2,166,516,995

2,206,195,321

2,240,168,909

2,269,143,229

2,320,231,448

2,366,049,171

2,405,221,260

2,437,977,140

1,977,408,045

2,120,327,669

2,166,516,995

2,206,195,321

2,240,168,909

2,269,143,229

2,320,231,448

2,366,049,171

2,405,221,260

2,437,977,140

2,222,921,117

OPERATION ACTIVITIES
Net income
Add (Sources of cash)
Depreciation
Increase in A/P
Subtract (Uses of cash)

INVESTING ACTIVITIES
Investment in fixed assets

FINANCIING ACTIVITIES

NET CHANGE IN CASH

Plus: Cash at beginning of year
Cash at the end of year

1,823,237,967

147

Interest increase by 5%: Year 2014

Statement of Income
The Fame Co, Ltd.
For the Year End December
Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

24,250,000

23,230,000

23,780,000

24,600,000

23,930,000

23,200,000

22,900,000

22,530,000

22,260,000

23,650,000

23,110,000

23,360,000

Other exp

8,264,319

4,969,209

9,636,774

10,155,159

10,104,759

6,787,074

4,972,359

6,812,484

6,780,984

10,118,409

4,974,459

6,781,194

EBITDA

15,985,681

18,260,791

14,143,226

14,444,841

13,825,241

16,412,926

17,927,641

15,717,516

15,479,016

13,531,591

18,135,541

16,578,806

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

8,940,136

11,215,246

7,097,681

7,399,296

6,779,696

9,367,381

10,882,096

8,671,971

8,433,471

6,486,046

11,089,996

9,533,261

Sale

Depre&Amort
EBIT

58,145,850

Interest exp
EBT

8,940,136

-46,930,604

7,097,681

7,399,296

6,779,696

9,367,381

10,882,096

8,671,971

8,433,471

6,486,046

11,089,996

-48,612,589

8,940,136

-46,930,604

7,097,681

7,399,296

6,779,696

9,367,381

10,882,096

8,671,971

8,433,471

6,486,046

11,089,996

-48,612,589

Taxes (35%)
Net inc.

148
Statement of Cash Flow
The Fame Co, Ltd.
For The Year Ened December 31, 2014

Period

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

OPERATION ACTIVITIES
Net income

8,940,136

-46,930,604

7,097,681

7,399,296

6,779,696

9,367,381

10,882,096

8,671,971

8,433,471

6,486,046

11,089,996

-48,612,589

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

Add (Sources of cash)

Depreciation
Increase in A/P

-175,800,000

Subtract (Uses of cash)

Increase in A/R

9,243,244

8,657,543

9,086,432

7,754,345

6,542,345

9,255,000

8,965,675

7,856,951

6,258,951

5,852,156

10,156,982

9,852,987

Net cash provide by ops.

6,742,437

-48,542,602

5,056,794

6,690,496

7,282,896

7,157,926

8,961,966

7,860,565

9,220,065

7,679,435

7,978,559

-227,220,031

1,758,545,530

93,646,830

93,032,830

648,830

575430

985,662

682,354

687,654

357,658

692,654

687,321

254,658

Increase in notes payable

35,000,000

30,000,000

25,000,000

20,000,000

15,000,000

10,000,000

5,000,000

30,000,000

25,000,000

20,000,000

15,000,000

10,000,000

Increase long-term debt

25,000,000

23,000,000

22,000,000

21,000,000

19,000,000

18,000,000

16,700,000

15,400,000

14,100,000

12,800,000

11,500,000

10,200,000

Net cash from financing

60,000,000

53,000,000

47,000,000

41,000,000

34,000,000

28,000,000

21,700,000

45,400,000

39,100,000

32,800,000

26,500,000

20,200,000

1,825,287,967

98,104,228

145,089,624

48,339,326

41,858,326

36,143,588

31,344,320

53,948,219

48,677,723

41,172,089

35,165,880

-206,765,373

1,825,287,967

1,923,392,195

2,068,481,819

2,116,821,145

2,158,679,471

2,194,823,059

2,226,167,379

2,280,115,598

2,328,793,321

2,369,965,410

2,405,131,290

1,923,392,195

2,068,481,819

2,116,821,145

2,158,679,471

2,194,823,059

2,226,167,379

2,280,115,598

2,328,793,321

2,369,965,410

2,405,131,290

2,198,365,917

INVESTING ACTIVITIES
Investment in fixed assets

FINANCIING ACTIVITIES

NET CHANGE IN CASH

Plus: Cash at beginning of year
Cash at the end of year

1,825,287,967

149

Interest increase by 5%: Year 2015

Statement of Income
The Fame Co, Ltd.
For the Year End December
Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

27,400,000

26,800,000

27,620,000

28,450,000

27,700,000

27,200,000

26,650,000

26,100,000

25,670,000

27,980,000

27,500,000

28,320,000

Other exp

8,264,319

4,969,209

9,636,774

10,155,159

10,104,759

6,787,074

4,972,359

6,812,484

6,780,984

10,118,409

4,974,459

6,781,194

EBITDA

19,135,681

21,830,791

17,983,226

18,294,841

17,595,241

20,412,926

21,677,641

19,287,516

18,889,016

17,861,591

22,525,541

21,538,806

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

12,090,136

14,785,246

10,937,681

11,249,296

10,549,696

13,367,381

14,632,096

12,241,971

11,843,471

10,816,046

15,479,996

14,493,261

Sale

Depre&Amort
EBIT

51,685,200

Interest exp
EBT

12,090,136

14,785,246

10,937,681

11,249,296

10,549,696

13,367,381

14,632,096

12,241,971

11,843,471

10,816,046

15,479,996

-37,191,939

12,090,136

14,785,246

10,937,681

11,249,296

10,549,696

13,367,381

14,632,096

12,241,971

11,843,471

10,816,046

15,479,996

-37,191,939

Taxes (30%)
Net inc.

150
Statement of Cash Flow
The Fame Co, Ltd.
For The Year Ened December 31, 2015

Period

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

OPERATION ACTIVITIES
Net income

12,090,136

14,785,246

10,937,681

11,249,296

10,549,696

13,367,381

14,632,096

12,241,971

11,843,471

10,816,046

15,479,996

-37,191,939

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

Add (Sources of cash)

Depreciation
Increase in A/P

-175,800,000

Subtract (Uses of cash)

Increase in A/R

9,243,244

8,657,543

9,086,432

7,754,345

6,542,345

9,255,000

8,965,675

7,856,951

6,258,951

5,852,156

10,156,982

9,852,987

Net cash provide by ops.

9,892,437

13,173,248

8,896,794

10,540,496

11,052,896

11,157,926

12,711,966

11,430,565

12,630,065

12,009,435

12,368,559

-215,799,381

1,758,545,530

93,646,830

93,032,830

648,830

575430

985,662

682,354

687,654

357,658

692,654

687,321

254,658

Increase in notes payable

35,000,000

30,000,000

25,000,000

20,000,000

15,000,000

10,000,000

5,000,000

30,000,000

25,000,000

20,000,000

15,000,000

10,000,000

Increase long-term debt

25,000,000

23,000,000

22,000,000

21,000,000

19,000,000

18,000,000

16,700,000

15,400,000

14,100,000

12,800,000

11,500,000

10,200,000

Net cash from financing

60,000,000

53,000,000

47,000,000

41,000,000

34,000,000

28,000,000

21,700,000

45,400,000

39,100,000

32,800,000

26,500,000

20,200,000

1,828,437,967

159,820,078

148,929,624

52,189,326

45,628,326

40,143,588

35,094,320

57,518,219

52,087,723

45,502,089

39,555,880

-195,344,723

1,828,437,967

1,988,258,045

2,137,187,669

2,189,376,995

2,235,005,321

2,275,148,909

2,310,243,229

2,367,761,448

2,419,849,171

2,465,351,260

2,504,907,140

1,988,258,045

2,137,187,669

2,189,376,995

2,235,005,321

2,275,148,909

2,310,243,229

2,367,761,448

2,419,849,171

2,465,351,260

2,504,907,140

2,309,562,417

INVESTING ACTIVITIES
Investment in fixed assets

FINANCIING ACTIVITIES

NET CHANGE IN CASH

Plus: Cash at beginning of year
Cash at the end of year

1,828,437,967

151

Interest increase by 5%: Year 2016

Statement of Income
The Fame Co, Ltd.
For the Year End December
Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

32,130,000

31,550,000

32,050,000

33,700,000

33,050,000

32,570,000

32,030,000

31,700,000

30,960,000

32,480,000

31,860,000

28,000,000

Other exp

8,264,319

4,969,209

9,636,774

10,155,159

10,104,759

6,787,074

4,972,359

6,812,484

6,780,984

10,118,409

4,974,459

6,781,194

EBITDA

23,865,681

26,580,791

22,413,226

23,544,841

22,945,241

25,782,926

27,057,641

24,887,516

24,179,016

22,361,591

26,885,541

21,218,806

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

16,820,136

19,535,246

15,367,681

16,499,296

15,899,696

18,737,381

20,012,096

17,841,971

17,133,471

15,316,046

19,839,996

14,173,261

Sale

Depre&Amort
EBIT

45,224,550

Interest exp
EBT

16,820,136

19,535,246

15,367,681

16,499,296

15,899,696

18,737,381

20,012,096

17,841,971

17,133,471

15,316,046

19,839,996

-31,051,289

16,820,136

19,535,246

15,367,681

16,499,296

15,899,696

18,737,381

20,012,096

17,841,971

17,133,471

15,316,046

19,839,996

-31,051,289

Taxes (30%)
Net inc.

152
Statement of Cash Flow
The Fame Co, Ltd.
For The Year Ened December 31, 2016

Period

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

OPERATION ACTIVITIES
Net income

16,820,136

19,535,246

15,367,681

16,499,296

15,899,696

18,737,381

20,012,096

17,841,971

17,133,471

15,316,046

19,839,996

-31,051,289

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

Add (Sources of cash)

Depreciation
Increase in A/P

-175,800,000

Subtract (Uses of cash)

Increase in A/R

9,243,244

8,657,543

9,086,432

7,754,345

6,542,345

9,255,000

8,965,675

7,856,951

6,258,951

5,852,156

10,156,982

9,852,987

14,622,437

17,923,248

13,326,794

15,790,496

16,402,896

16,527,926

18,091,966

17,030,565

17,920,065

16,509,435

16,728,559

-209,658,731

1,758,545,530

93,646,830

93,032,830

648,830

575430

985,662

682,354

687,654

357,658

692,654

687,321

254,658

Increase in notes payable

35,000,000

30,000,000

25,000,000

20,000,000

15,000,000

10,000,000

5,000,000

30,000,000

25,000,000

20,000,000

15,000,000

10,000,000

Increase long-term debt

25,000,000

23,000,000

22,000,000

21,000,000

19,000,000

18,000,000

16,700,000

15,400,000

14,100,000

12,800,000

11,500,000

10,200,000

Net cash from financing

60,000,000

53,000,000

47,000,000

41,000,000

34,000,000

28,000,000

21,700,000

45,400,000

39,100,000

32,800,000

26,500,000

20,200,000

1,833,167,967

164,570,078

153,359,624

57,439,326

50,978,326

45,513,588

40,474,320

63,118,219

57,377,723

50,002,089

43,915,880

-189,204,073

1,833,167,967

1,997,738,045

2,151,097,669

2,208,536,995

2,259,515,321

2,305,028,909

2,345,503,229

2,408,621,448

2,465,999,171

2,516,001,260

2,559,917,140

1,997,738,045

2,151,097,669

2,208,536,995

2,259,515,321

2,305,028,909

2,345,503,229

2,408,621,448

2,465,999,171

2,516,001,260

2,559,917,140

2,370,713,067

Net cash provide by ops.

INVESTING ACTIVITIES
Investment in fixed assets

FINANCIING ACTIVITIES

NET CHANGE IN CASH

Plus: Cash at beginning of year
Cash at the end of year

1,833,167,967

153

Interest increase by 5%: Year 2017

Statement of Income
The Fame Co, Ltd.
For the Year End December
Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

37,350,000

36,500,000

37,500,000

38,680,000

38,100,000

37,600,000

36,900,000

36,300,000

35,750,000

36,950,000

36,422,000

34,630,000

Other exp

8,264,319

4,969,209

9,636,774

10,155,159

10,104,759

6,787,074

4,972,359

6,812,484

6,780,984

10,118,409

4,974,459

6,781,194

EBITDA

29,085,681

31,530,791

27,863,226

28,524,841

27,995,241

30,812,926

31,927,641

29,487,516

28,969,016

26,831,591

31,447,541

27,848,806

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

22,040,136

24,485,246

20,817,681

21,479,296

20,949,696

23,767,381

24,882,096

22,441,971

21,923,471

19,786,046

24,401,996

20,803,261

Sale

Depre&Amort
EBIT

38,763,900.00

Interest exp
EBT

22,040,136

24,485,246

20,817,681

21,479,296

20,949,696

23,767,381

24,882,096

22,441,971

21,923,471

19,786,046

24,401,996

-17,960,639

22,040,136

24,485,246

20,817,681

21,479,296

20,949,696

23,767,381

24,882,096

22,441,971

21,923,471

19,786,046

24,401,996

-17,960,639

Taxes (30%)
Net inc.

154
Statement of Cash Flow
The Fame Co, Ltd.
For The Year Ened December 31, 2017

Period
OPERATION
ACTIVITIES
Net income

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

22,040,136

24,485,246

20,817,681

21,479,296

20,949,696

23,767,381

24,882,096

22,441,971

21,923,471

19,786,046

24,401,996

-17,960,639

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

Add (Sources of cash)

Depreciation
Increase in A/P

-175,800,000

Subtract (Uses of cash)

Increase in A/R

9,243,244

8,657,543

9,086,432

7,754,345

6,542,345

9,255,000

8,965,675

7,856,951

6,258,951

5,852,156

10,156,982

9,852,987

19,842,437

22,873,248

18,776,794

20,770,496

21,452,896

21,557,926

22,961,966

21,630,565

22,710,065

20,979,435

21,290,559

-196,568,081

1,758,545,530

93,646,830

93,032,830

648,830

575,430.00

985,662

682,354

687,654

357,658

692,654

687,321

254,658

Increase in notes payable

35,000,000

30,000,000

25,000,000

20,000,000

15,000,000

10,000,000

5,000,000

30,000,000

25,000,000

20,000,000

15,000,000

10,000,000

Increase long-term debt

25,000,000

23,000,000

22,000,000

21,000,000

19,000,000

18,000,000

16,700,000

15,400,000

14,100,000

12,800,000

11,500,000

10,200,000

Net cash from financing

60,000,000

53,000,000

47,000,000

41,000,000

34,000,000

28,000,000

21,700,000

45,400,000

39,100,000

32,800,000

26,500,000

20,200,000

1,838,387,967

169,520,078

158,809,624

62,419,326

56,028,326

50,543,588

45,344,320

67,718,219

62,167,723

54,472,089

48,477,880

-176,113,423

1,838,387,967

2,007,908,045

2,166,717,669

2,229,136,995

2,285,165,321

2,335,708,909

2,381,053,229

2,448,771,448

2,510,939,171

2,565,411,260

2,166,717,669

2,229,136,995

2,285,165,321

2,335,708,909

2,381,053,229

2,448,771,448

2,510,939,171

2,565,411,260

2,613,889,140

2,437,775,717

Net cash provide by ops.

INVESTING ACTIVITIES
Investment in fixed assets
FINANCIING
ACTIVITIES

NET CHANGE IN CASH

Plus: Cash at beginning of year
Cash at the end of year

1,838,387,967

2,007,908,045

2,613,889,

155

Interest increase by 10%: Year 2013

Statement of Income
The Fame Co, Ltd.
For the Year End December
Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

22,200,000

21,150,000

21,610,000

22,450,000

21,750,000

21,030,000

20,530,000

19,670,000

19,400,000

21,650,000

20,700,000

21,530,000

Other exp

7,870,780

4,732,580

9,177,880

9,671,580

9,623,580

6,463,880

4,735,580

6,488,080

6,458,080

9,636,580

4,737,580

6,458,280

EBITDA

14,329,220

16,417,420

12,432,120

12,778,420

12,126,420

14,566,120

15,794,420

13,181,920

12,941,920

12,013,420

15,962,420

15,071,720

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,283,675

9,371,875

5,386,575

5,732,875

5,080,875

7,520,575

8,748,875

6,136,375

5,896,375

4,967,875

8,916,875

8,026,175

Sale

Depre&Amort
EBIT

61530000

Interest exp
EBT

7,283,675

9,371,875

5,386,575

5,732,875

5,080,875

7,520,575

8,748,875

6,136,375

5,896,375

4,967,875

8,916,875

-53,503,825

7,283,675

9,371,875

5,386,575

5,732,875

5,080,875

7,520,575

8,748,875

6,136,375

5,896,375

4,967,875

8,916,875

-53,503,825

Taxes (35%)
Net inc.

156
Statement of Cash Flow
The Fame Co, Ltd.
For The Year Ened December 31, 2013

Period
OPERATION
ACTIVITIES
Net income

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

7,283,675

9,371,875

5,386,575

5,732,875

5,080,875

7,520,575

8,748,875

6,136,375

5,896,375

4,967,875

8,916,875

-53,503,825

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

-175,800,000

Increase in A/R

9,243,244

8,657,543

9,086,432

7,754,345

6,542,345

9,255,000

8,965,675

7,856,951

6,258,951

5,852,156

10,156,982

9,852,987

Net cash provide by ops.

5,085,976

7,759,877

3,345,688

5,024,075

5,584,075

5,311,120

6,828,745

5,324,969

6,682,969

6,161,264

5,805,438

-232,111,267

1,758,545,53
0

93,646,830

93,032,830

648,830

575430

985,662

682,354

687,654

357,658

692,654

687,321

254,658

Increase in notes payable

35,000,000

30,000,000

25,000,000

20,000,000

15,000,000

10,000,000

5,000,000

30,000,000

25,000,000

20,000,000

15,000,000

10,000,000

Increase long-term debt

25,000,000

23,000,000

22,000,000

21,000,000

19,000,000

18,000,000

16,700,000

15,400,000

14,100,000

12,800,000

11,500,000

10,200,000

60,000,000
1,823,631,50
6

53,000,000

47,000,000

41,000,000

34,000,000

28,000,000

21,700,000

45,400,000

39,100,000

32,800,000

26,500,000

20,200,000

154,406,707

1,823,631,50
6

1,978,038,21
3

143,378,518
1,823,631,50
6
2,121,416,73
1

46,672,905
1,978,038,21
3
2,168,089,63
6

40,159,505
2,121,416,73
1
2,208,249,14
1

34,296,782
2,168,089,63
6
2,242,545,92
3

29,211,099
2,208,249,14
1
2,271,757,02
2

51,412,623
2,242,545,92
3
2,323,169,64
5

46,140,627
2,271,757,02
2
2,369,310,27
2

39,653,918
2,323,169,64
5
2,408,964,19
0

32,992,759
2,369,310,27
2
2,441,956,94
9

-211,656,609
2,408,964,19
0
2,230,300,34
0

Add (Sources of cash)

Depreciation
Increase in A/P
Subtract (Uses of cash)

INVESTING ACTIVITIES
Investment in fixed assets
FINANCIING
ACTIVITIES

Net cash from financing

NET CHANGE IN CASH
Plus: Cash at beginning of year
Cash at the end of year

157

Interest increase by 10%: Year 2014

Statement of Income
The Fame Co, Ltd.
For the Year End December
Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

24,250,000

23,230,000

23,780,000

24,600,000

23,930,000

23,200,000

22,900,000

22,530,000

22,260,000

23,650,000

23,110,000

23,360,000

Other exp

7,870,780

4,732,580

9,177,880

9,671,580

9,623,580

6,463,880

4,735,580

6,488,080

6,458,080

9,636,580

4,737,580

6,458,280

EBITDA

16,379,220

18,497,420

14,602,120

14,928,420

14,306,420

16,736,120

18,164,420

16,041,920

15,801,920

14,013,420

18,372,420

16,901,720

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

9,333,675

11,451,875

7,556,575

7,882,875

7,260,875

9,690,575

11,118,875

8,996,375

8,756,375

6,967,875

11,326,875

9,856,175

Sale

Depre&Amort
EBIT

55,377,000

Interest exp
EBT

9,333,675

-43,925,125

7,556,575

7,882,875

7,260,875

9,690,575

11,118,875

8,996,375

8,756,375

6,967,875

11,326,875

-45,520,825

9,333,675

-43,925,125

7,556,575

7,882,875

7,260,875

9,690,575

11,118,875

8,996,375

8,756,375

6,967,875

11,326,875

-45,520,825

Taxes (35%)
Net inc.

158
Statement of Cash Flow
The Fame Co, Ltd.
For The Year Ened December 31, 2014

Period
OPERATION
ACTIVITIES
Net income

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

9,333,675

-43,925,125

7,556,575

7,882,875

7,260,875

9,690,575

11,118,875

8,996,375

8,756,375

6,967,875

11,326,875

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

Dec

-45,520,825

Add (Sources of cash)

Depreciation
Increase in A/P

7,045,545
-175,800,000

Subtract (Uses of cash)

Increase in A/R

9,243,244

8,657,543

9,086,432

7,754,345

6,542,345

9,255,000

8,965,675

7,856,951

6,258,951

5,852,156

10,156,982

9,852,987

Net cash provide by ops.

7,135,976

-45,537,123

5,515,688

7,174,075

7,764,075

7,481,120

9,198,745

8,184,969

9,542,969

8,161,264

8,215,438

-224,128,267

1,758,545,530

93,646,830

93,032,830

648,830

575430

985,662

682,354

687,654

357,658

692,654

687,321

254,658

Increase in notes payable

35,000,000

30,000,000

25,000,000

20,000,000

15,000,000

10,000,000

5,000,000

30,000,000

25,000,000

20,000,000

15,000,000

10,000,000

Increase long-term debt

25,000,000

23,000,000

22,000,000

21,000,000

19,000,000

18,000,000

16,700,000

15,400,000

14,100,000

12,800,000

11,500,000

10,200,000

Net cash from financing

60,000,000

53,000,000

47,000,000

41,000,000

34,000,000

28,000,000

21,700,000

45,400,000

39,100,000

32,800,000

26,500,000

20,200,000

1,825,681,506

101,109,707

145,548,518

48,822,905

42,339,505

36,466,782

31,581,099

54,272,623

49,000,627

41,653,918

35,402,759

-203,673,609

1,825,681,506

1,926,791,213

2,072,339,731

2,121,162,636

2,163,502,141

2,199,968,923

2,231,550,022

2,285,822,645

2,334,823,272

2,376,477,190

2,072,339,731

2,121,162,636

2,163,502,141

2,199,968,923

2,231,550,022

2,285,822,645

2,334,823,272

2,376,477,190

2,411,879,949

2,208,206,340

INVESTING ACTIVITIES
Investment in fixed assets
FINANCIING
ACTIVITIES

NET CHANGE IN CASH

Plus: Cash at beginning of year
Cash at the end of year

1,825,681,506

1,926,791,213

159

Interest increase by 10%: Year 2015

Statement of Income
The Fame Co, Ltd.
For the Year End December
Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

27,400,000

26,800,000

27,620,000

28,450,000

27,700,000

27,200,000

26,650,000

26,100,000

25,670,000

27,980,000

27,500,000

28,320,000

Other exp

7,870,780

4,732,580

9,177,880

9,671,580

9,623,580

6,463,880

4,735,580

6,488,080

6,458,080

9,636,580

4,737,580

6,458,280

EBITDA

19,529,220

22,067,420

18,442,120

18,778,420

18,076,420

20,736,120

21,914,420

19,611,920

19,211,920

18,343,420

22,762,420

21,861,720

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

12,483,675

15,021,875

11,396,575

11,732,875

11,030,875

13,690,575

14,868,875

12,566,375

12,166,375

11,297,875

15,716,875

14,816,175

Sale

Depre&Amort
EBIT

49,224,000

Interest exp
EBT

12,483,675

15,021,875

11,396,575

11,732,875

11,030,875

13,690,575

14,868,875

12,566,375

12,166,375

11,297,875

15,716,875

-34,407,825

12,483,675

15,021,875

11,396,575

11,732,875

11,030,875

13,690,575

14,868,875

12,566,375

12,166,375

11,297,875

15,716,875

-34,407,825

Taxes (30%)
Net inc.

160
Statement of Cash Flow
The Fame Co, Ltd.
For The Year Ened December 31, 2015

Period
OPERATION
ACTIVITIES
Net income

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

12,483,675

15,021,875

11,396,575

11,732,875

11,030,875

13,690,575

14,868,875

12,566,375

12,166,375

11,297,875

15,716,875

-34,407,825

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

Add (Sources of cash)

Depreciation
Increase in A/P

-175,800,000

Subtract (Uses of cash)

Increase in A/R

9,243,244

8,657,543

9,086,432

7,754,345

6,542,345

9,255,000

8,965,675

7,856,951

6,258,951

5,852,156

10,156,982

9,852,987

10,285,976

13,409,877

9,355,688

11,024,075

11,534,075

11,481,120

12,948,745

11,754,969

12,952,969

12,491,264

12,605,438

-213,015,267

1,758,545,530

93,646,830

93,032,830

648,830

575430

985,662

682,354

687,654

357,658

692,654

687,321

254,658

Increase in notes payable

35,000,000

30,000,000

25,000,000

20,000,000

15,000,000

10,000,000

5,000,000

30,000,000

25,000,000

20,000,000

15,000,000

10,000,000

Increase long-term debt

25,000,000

23,000,000

22,000,000

21,000,000

19,000,000

18,000,000

16,700,000

15,400,000

14,100,000

12,800,000

11,500,000

10,200,000

Net cash from financing

60,000,000

53,000,000

47,000,000

41,000,000

34,000,000

28,000,000

21,700,000

45,400,000

39,100,000

32,800,000

26,500,000

20,200,000

1,828,831,506

160,056,707

149,388,518

52,672,905

46,109,505

40,466,782

35,331,099

57,842,623

52,410,627

45,983,918

39,792,759

-192,560,609

1,828,831,506

1,988,888,213

2,138,276,731

2,190,949,636

2,237,059,141

2,277,525,923

2,312,857,022

2,370,699,645

2,423,110,272

2,469,094,190

2,138,276,731

2,190,949,636

2,237,059,141

2,277,525,923

2,312,857,022

2,370,699,645

2,423,110,272

2,469,094,190

2,508,886,949

2,316,326,340

Net cash provide by ops.

INVESTING ACTIVITIES
Investment in fixed assets
FINANCIING
ACTIVITIES

NET CHANGE IN CASH

Plus: Cash at beginning of year
Cash at the end of year

1,828,831,506

1,988,888,213

161

Interest increase by 10%: Year 2016

Statement of Income
The Fame Co, Ltd.
For the Year End December
Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

32,130,000

31,550,000

32,050,000

33,700,000

33,050,000

32,570,000

32,030,000

31,700,000

30,960,000

32,480,000

31,860,000

28,000,000

Other exp

7,870,780

4,732,580

9,177,880

9,671,580

9,623,580

6,463,880

4,735,580

6,488,080

6,458,080

9,636,580

4,737,580

6,458,280

EBITDA

24,259,220

26,817,420

22,872,120

24,028,420

23,426,420

26,106,120

27,294,420

25,211,920

24,501,920

22,843,420

27,122,420

21,541,720

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

17,213,675

19,771,875

15,826,575

16,982,875

16,380,875

19,060,575

20,248,875

18,166,375

17,456,375

15,797,875

20,076,875

14,496,175

Sale

Depre&Amort
EBIT

43,071,000

Interest exp
EBT

17,213,675

19,771,875

15,826,575

16,982,875

16,380,875

19,060,575

20,248,875

18,166,375

17,456,375

15,797,875

20,076,875

-28,574,825

17,213,675

19,771,875

15,826,575

16,982,875

16,380,875

19,060,575

20,248,875

18,166,375

17,456,375

15,797,875

20,076,875

-28,574,825

Taxes (30%)
Net inc.

162
Statement of Cash Flow
The Fame Co, Ltd.
For The Year Ened December 31, 2016

Period
OPERATION
ACTIVITIES
Net income

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

17,213,675

19,771,875

15,826,575

16,982,875

16,380,875

19,060,575

20,248,875

18,166,375

17,456,375

15,797,875

20,076,875

-28,574,825

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

Add (Sources of cash)

Depreciation
Increase in A/P

-175,800,000

Subtract (Uses of cash)

Increase in A/R

9,243,244

8,657,543

9,086,432

7,754,345

6,542,345

9,255,000

8,965,675

7,856,951

6,258,951

5,852,156

10,156,982

9,852,987

15,015,976

18,159,877

13,785,688

16,274,075

16,884,075

16,851,120

18,328,745

17,354,969

18,242,969

16,991,264

16,965,438

-207,182,267

1,758,545,530

93,646,830

93,032,830

648,830

575430

985,662

682,354

687,654

357,658

692,654

687,321

254,658

Increase in notes payable

35,000,000

30,000,000

25,000,000

20,000,000

15,000,000

10,000,000

5,000,000

30,000,000

25,000,000

20,000,000

15,000,000

10,000,000

Increase long-term debt

25,000,000

23,000,000

22,000,000

21,000,000

19,000,000

18,000,000

16,700,000

15,400,000

14,100,000

12,800,000

11,500,000

10,200,000

Net cash from financing

60,000,000

53,000,000

47,000,000

41,000,000

34,000,000

28,000,000

21,700,000

45,400,000

39,100,000

32,800,000

26,500,000

20,200,000

1,833,561,506

164,806,707

153,818,518

57,922,905

51,459,505

45,836,782

40,711,099

63,442,623

57,700,627

50,483,918

44,152,759

-186,727,609

1,833,561,506

1,998,368,213

2,152,186,731

2,210,109,636

2,261,569,141

2,307,405,923

2,348,117,022

2,411,559,645

2,469,260,272

2,519,744,190

2,152,186,731

2,210,109,636

2,261,569,141

2,307,405,923

2,348,117,022

2,411,559,645

2,469,260,272

2,519,744,190

2,563,896,949

2,377,169,340

Net cash provide by ops.

INVESTING ACTIVITIES
Investment in fixed assets
FINANCIING
ACTIVITIES

NET CHANGE IN CASH

Plus: Cash at beginning of year
Cash at the end of year

1,833,561,506

1,998,368,213

163

Interest increase by 10%: Year 2017

Statement of Income
The Fame Co, Ltd.
For the Year End December
Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

37,350,000

36,500,000

37,500,000

38,680,000

38,100,000

37,600,000

36,900,000

36,300,000

35,750,000

36,950,000

36,422,000

34,630,000

Other exp

7,870,780

4,732,580

9,177,880

9,671,580

9,623,580

6,463,880

4,735,580

6,488,080

6,458,080

9,636,580

4,737,580

6,458,280

EBITDA

29,479,220

31,767,420

28,322,120

29,008,420

28,476,420

31,136,120

32,164,420

29,811,920

29,291,920

27,313,420

31,684,420

28,171,720

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

22,433,675

24,721,875

21,276,575

21,962,875

21,430,875

24,090,575

25,118,875

22,766,375

22,246,375

20,267,875

24,638,875

21,126,175

Sale

Depre&Amort
EBIT

36,918,000.00

Interest exp
EBT

22,433,675

24,721,875

21,276,575

21,962,875

21,430,875

24,090,575

25,118,875

22,766,375

22,246,375

20,267,875

24,638,875

-15,791,825

22,433,675

24,721,875

21,276,575

21,962,875

21,430,875

24,090,575

25,118,875

22,766,375

22,246,375

20,267,875

24,638,875

-15,791,825

Taxes (30%)
Net inc.

164
Statement of Cash Flow
The Fame Co, Ltd.
For The Year Ened December 31, 2017

Period

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

OPERATION ACTIVITIES
Net income

22,433,675

24,721,875

21,276,575

21,962,875

21,430,875

24,090,575

25,118,875

22,766,375

22,246,375

20,267,875

24,638,875

-15,791,825

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

Add (Sources of cash)

Depreciation
Increase in A/P

-175,800,000

Subtract (Uses of cash)

Increase in A/R

9,243,244

8,657,543

9,086,432

7,754,345

6,542,345

9,255,000

8,965,675

7,856,951

6,258,951

5,852,156

10,156,982

9,852,987

20,235,976

23,109,877

19,235,688

21,254,075

21,934,075

21,881,120

23,198,745

21,954,969

23,032,969

21,461,264

21,527,438

-194,399,267

1,758,545,530

93,646,830

93,032,830

648,830

575,430.00

985,662

682,354

687,654

357,658

692,654

687,321

254,658

Increase in notes payable

35,000,000

30,000,000

25,000,000

20,000,000

15,000,000

10,000,000

5,000,000

30,000,000

25,000,000

20,000,000

15,000,000

10,000,000

Increase long-term debt

25,000,000

23,000,000

22,000,000

21,000,000

19,000,000

18,000,000

16,700,000

15,400,000

14,100,000

12,800,000

11,500,000

10,200,000

Net cash from financing

60,000,000

53,000,000

47,000,000

41,000,000

34,000,000

28,000,000

21,700,000

45,400,000

39,100,000

32,800,000

26,500,000

20,200,000

1,838,781,506

169,756,707

159,268,518

62,902,905

56,509,505

50,866,782

45,581,099

68,042,623

62,490,627

54,953,918

48,714,759

-173,944,609

1,838,781,506

2,008,538,213

2,167,806,731

2,230,709,636

2,287,219,141

2,338,085,923

2,383,667,022

2,451,709,645

2,514,200,272

2,569,154,190

2,167,806,731

2,230,709,636

2,287,219,141

2,338,085,923

2,383,667,022

2,451,709,645

2,514,200,272

2,569,154,190

2,617,868,949

2,443,924,340

Net cash provide by ops.

INVESTING
ACTIVITIES
Investment in fixed assets

FINANCIING ACTIVITIES

NET CHANGE IN CASH

Plus: Cash at beginning of year
Cash at the end of year

1,838,781,506

2,008,538,213

165

Interest increase by 15%: Year 2013

Statement of Income
The Fame Co, Ltd.
For the Year End December
Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

22,200,000

21,150,000

21,610,000

22,450,000

21,750,000

21,030,000

20,530,000

19,670,000

19,400,000

21,650,000

20,700,000

21,530,000

Other exp

7,870,780

4,732,580

9,177,880

9,671,580

9,623,580

6,463,880

4,735,580

6,488,080

6,458,080

9,636,580

4,737,580

6,458,280

EBITDA

14,329,220

16,417,420

12,432,120

12,778,420

12,126,420

14,566,120

15,794,420

13,181,920

12,941,920

12,013,420

15,962,420

15,071,720

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,283,675

9,371,875

5,386,575

5,732,875

5,080,875

7,520,575

8,748,875

6,136,375

5,896,375

4,967,875

8,916,875

8,026,175

Sale

Depre&Amort
EBIT

70759500

Interest exp
EBT

7,283,675

9,371,875

5,386,575

5,732,875

5,080,875

7,520,575

8,748,875

6,136,375

5,896,375

4,967,875

8,916,875

-62,733,325

7,283,675

9,371,875

5,386,575

5,732,875

5,080,875

7,520,575

8,748,875

6,136,375

5,896,375

4,967,875

8,916,875

-62,733,325

Taxes (35%)
Net inc.

166
Statement of Cash Flow
The Fame Co, Ltd.
For The Year Ened December 31, 2013

Period

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

OPERATION ACTIVITIES
Net income

7,283,675

9,371,875

5,386,575

5,732,875

5,080,875

7,520,575

8,748,875

6,136,375

5,896,375

4,967,875

8,916,875

-62,733,325

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

-175,800,000

Increase in A/R

9,243,244

8,657,543

9,086,432

7,754,345

6,542,345

9,255,000

8,965,675

7,856,951

6,258,951

5,852,156

10,156,982

9,852,987

Net cash provide by ops.

5,085,976

7,759,877

3,345,688

5,024,075

5,584,075

5,311,120

6,828,745

5,324,969

6,682,969

6,161,264

5,805,438

-241,340,767

1,758,545,530

93,646,830

93,032,830

648,830

575430

985,662

682,354

687,654

357,658

692,654

687,321

254,658

Increase in notes payable

35,000,000

30,000,000

25,000,000

20,000,000

15,000,000

10,000,000

5,000,000

30,000,000

25,000,000

20,000,000

15,000,000

10,000,000

Increase long-term debt

25,000,000

23,000,000

22,000,000

21,000,000

19,000,000

18,000,000

16,700,000

15,400,000

14,100,000

12,800,000

11,500,000

10,200,000

Net cash from financing

60,000,000

53,000,000

47,000,000

41,000,000

34,000,000

28,000,000

21,700,000

45,400,000

39,100,000

32,800,000

26,500,000

20,200,000

1,823,631,506

154,406,707

143,378,518

46,672,905

40,159,505

34,296,782

29,211,099

51,412,623

46,140,627

39,653,918

32,992,759

-220,886,109

1,823,631,506

1,978,038,213

2,121,416,731

2,168,089,636

2,208,249,141

2,242,545,923

2,271,757,022

2,323,169,645

2,369,310,272

2,408,964,190

2,121,416,731

2,168,089,636

2,208,249,141

2,242,545,923

2,271,757,022

2,323,169,645

2,369,310,272

2,408,964,190

2,441,956,949

2,221,070,840

Add (Sources of cash)

Depreciation
Increase in A/P
Subtract (Uses of cash)

INVESTING
ACTIVITIES
Investment in fixed assets

FINANCIING ACTIVITIES

NET CHANGE IN CASH

Plus: Cash at beginning of year
Cash at the end of year

1,823,631,506

1,978,038,213

167

Interest increase by 15%: Year 2014

Statement of Income
The Fame Co, Ltd.
For the Year End December
Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

24,250,000

23,230,000

23,780,000

24,600,000

23,930,000

23,200,000

22,900,000

22,530,000

22,260,000

23,650,000

23,110,000

23,360,000

Other exp

7,870,780

4,732,580

9,177,880

9,671,580

9,623,580

6,463,880

4,735,580

6,488,080

6,458,080

9,636,580

4,737,580

6,458,280

EBITDA

16,379,220

18,497,420

14,602,120

14,928,420

14,306,420

16,736,120

18,164,420

16,041,920

15,801,920

14,013,420

18,372,420

16,901,720

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

9,333,675

11,451,875

7,556,575

7,882,875

7,260,875

9,690,575

11,118,875

8,996,375

8,756,375

6,967,875

11,326,875

9,856,175

Sale

Depre&Amort
EBIT

63,683,550

Interest exp
EBT

9,333,675

-52,231,675

7,556,575

7,882,875

7,260,875

9,690,575

11,118,875

8,996,375

8,756,375

6,967,875

11,326,875

-53,827,375

9,333,675

-52,231,675

7,556,575

7,882,875

7,260,875

9,690,575

11,118,875

8,996,375

8,756,375

6,967,875

11,326,875

-53,827,375

Taxes (35%)
Net inc.

168
Statement of Cash Flow
The Fame Co, Ltd.
For The Year Ened December 31, 2014

Period
OPERATION
ACTIVITIES
Net income

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

9,333,675

-52,231,675

7,556,575

7,882,875

7,260,875

9,690,575

11,118,875

8,996,375

8,756,375

6,967,875

11,326,875

-53,827,375

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

Add (Sources of cash)

Depreciation
Increase in A/P

-175,800,000

Subtract (Uses of cash)

Increase in A/R

9,243,244

8,657,543

9,086,432

7,754,345

6,542,345

9,255,000

8,965,675

7,856,951

6,258,951

5,852,156

10,156,982

9,852,987

Net cash provide by ops.

7,135,976

-53,843,673

5,515,688

7,174,075

7,764,075

7,481,120

9,198,745

8,184,969

9,542,969

8,161,264

8,215,438

-232,434,817

1,758,545,530

93,646,830

93,032,830

648,830

575430

985,662

682,354

687,654

357,658

692,654

687,321

254,658

Increase in notes payable

35,000,000

30,000,000

25,000,000

20,000,000

15,000,000

10,000,000

5,000,000

30,000,000

25,000,000

20,000,000

15,000,000

10,000,000

Increase long-term debt

25,000,000

23,000,000

22,000,000

21,000,000

19,000,000

18,000,000

16,700,000

15,400,000

14,100,000

12,800,000

11,500,000

10,200,000

Net cash from financing

60,000,000

53,000,000

47,000,000

41,000,000

34,000,000

28,000,000

21,700,000

45,400,000

39,100,000

32,800,000

26,500,000

20,200,000

1,825,681,506

92,803,157

145,548,518

48,822,905

42,339,505

36,466,782

31,581,099

54,272,623

49,000,627

41,653,918

35,402,759

-211,980,159

1,825,681,506

1,918,484,663

2,064,033,181

2,112,856,086

2,155,195,591

2,191,662,373

2,223,243,472

2,277,516,095

2,326,516,722

2,368,170,640

2,064,033,181

2,112,856,086

2,155,195,591

2,191,662,373

2,223,243,472

2,277,516,095

2,326,516,722

2,368,170,640

2,403,573,399

2,191,593,240

INVESTING ACTIVITIES
Investment in fixed assets
FINANCIING
ACTIVITIES

NET CHANGE IN CASH

Plus: Cash at beginning of year
Cash at the end of year

1,825,681,506

1,918,484,663

169

Interest increase by 15%: Year 2015

The Fame Co, Ltd.
For the Year End December
Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

27,400,000

26,800,000

27,620,000

28,450,000

27,700,000

27,200,000

26,650,000

26,100,000

25,670,000

27,980,000

27,500,000

28,320,000

Other exp

7,870,780

4,732,580

9,177,880

9,671,580

9,623,580

6,463,880

4,735,580

6,488,080

6,458,080

9,636,580

4,737,580

6,458,280

EBITDA

19,529,220

22,067,420

18,442,120

18,778,420

18,076,420

20,736,120

21,914,420

19,611,920

19,211,920

18,343,420

22,762,420

21,861,720

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

12,483,675

15,021,875

11,396,575

11,732,875

11,030,875

13,690,575

14,868,875

12,566,375

12,166,375

11,297,875

15,716,875

14,816,175

Sale

Depre&Amort
EBIT

56,607,600

Interest exp
EBT

12,483,675

15,021,875

11,396,575

11,732,875

11,030,875

13,690,575

14,868,875

12,566,375

12,166,375

11,297,875

15,716,875

-41,791,425

12,483,675

15,021,875

11,396,575

11,732,875

11,030,875

13,690,575

14,868,875

12,566,375

12,166,375

11,297,875

15,716,875

-41,791,425

Taxes (30%)
Net inc.

170
Statement of Cash Flow
The Fame Co, Ltd.
For The Year Ened December 31, 2015

Period
OPERATION
ACTIVITIES
Net income

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

12,483,675

15,021,875

11,396,575

11,732,875

11,030,875

13,690,575

14,868,875

12,566,375

12,166,375

11,297,875

15,716,875

-41,791,425

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

Add (Sources of cash)

Depreciation
Increase in A/P

-175,800,000

Subtract (Uses of cash)

Increase in A/R

9,243,244

8,657,543

9,086,432

7,754,345

6,542,345

9,255,000

8,965,675

7,856,951

6,258,951

5,852,156

10,156,982

9,852,987

10,285,976

13,409,877

9,355,688

11,024,075

11,534,075

11,481,120

12,948,745

11,754,969

12,952,969

12,491,264

12,605,438

-220,398,867

1,758,545,530

93,646,830

93,032,830

648,830

575430

985,662

682,354

687,654

357,658

692,654

687,321

254,658

Increase in notes payable

35,000,000

30,000,000

25,000,000

20,000,000

15,000,000

10,000,000

5,000,000

30,000,000

25,000,000

20,000,000

15,000,000

10,000,000

Increase long-term debt

25,000,000

23,000,000

22,000,000

21,000,000

19,000,000

18,000,000

16,700,000

15,400,000

14,100,000

12,800,000

11,500,000

10,200,000

Net cash from financing

60,000,000

53,000,000

47,000,000

41,000,000

34,000,000

28,000,000

21,700,000

45,400,000

39,100,000

32,800,000

26,500,000

20,200,000

1,828,831,506

160,056,707

149,388,518

52,672,905

46,109,505

40,466,782

35,331,099

57,842,623

52,410,627

45,983,918

39,792,759

-199,944,209

1,828,831,506

1,988,888,213

2,138,276,731

2,190,949,636

2,237,059,141

2,277,525,923

2,312,857,022

2,370,699,645

2,423,110,272

2,469,094,190

2,138,276,731

2,190,949,636

2,237,059,141

2,277,525,923

2,312,857,022

2,370,699,645

2,423,110,272

2,469,094,190

2,508,886,949

2,308,942,740

Net cash provide by ops.

INVESTING ACTIVITIES
Investment in fixed assets
FINANCIING
ACTIVITIES

NET CHANGE IN CASH

Plus: Cash at beginning of year
Cash at the end of year

1,828,831,506

1,988,888,213

171

Interest increase by 15%: Year 2016

Statement of Income
The Fame Co, Ltd.
For the Year End December
Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

32,130,000

31,550,000

32,050,000

33,700,000

33,050,000

32,570,000

32,030,000

31,700,000

30,960,000

32,480,000

31,860,000

28,000,000

Other exp

7,870,780

4,732,580

9,177,880

9,671,580

9,623,580

6,463,880

4,735,580

6,488,080

6,458,080

9,636,580

4,737,580

6,458,280

EBITDA

24,259,220

26,817,420

22,872,120

24,028,420

23,426,420

26,106,120

27,294,420

25,211,920

24,501,920

22,843,420

27,122,420

21,541,720

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

17,213,675

19,771,875

15,826,575

16,982,875

16,380,875

19,060,575

20,248,875

18,166,375

17,456,375

15,797,875

20,076,875

14,496,175

Sale

Depre&Amort
EBIT

49,531,650

Interest exp
EBT

17,213,675

19,771,875

15,826,575

16,982,875

16,380,875

19,060,575

20,248,875

18,166,375

17,456,375

15,797,875

20,076,875

-35,035,475

17,213,675

19,771,875

15,826,575

16,982,875

16,380,875

19,060,575

20,248,875

18,166,375

17,456,375

15,797,875

20,076,875

-35,035,475

Taxes (30%)
Net inc.

172
Statement of Cash Flow
The Fame Co, Ltd.
For The Year Ened December 31, 2016

Period
OPERATION
ACTIVITIES
Net income

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

17,213,675

19,771,875

15,826,575

16,982,875

16,380,875

19,060,575

20,248,875

18,166,375

17,456,375

15,797,875

20,076,875

-35,035,475

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

Add (Sources of cash)

Depreciation
Increase in A/P

-175,800,000

Subtract (Uses of cash)

Increase in A/R

9,243,244

8,657,543

9,086,432

7,754,345

6,542,345

9,255,000

8,965,675

7,856,951

6,258,951

5,852,156

10,156,982

9,852,987

15,015,976

18,159,877

13,785,688

16,274,075

16,884,075

16,851,120

18,328,745

17,354,969

18,242,969

16,991,264

16,965,438

-213,642,917

1,758,545,530

93,646,830

93,032,830

648,830

575430

985,662

682,354

687,654

357,658

692,654

687,321

254,658

Increase in notes payable

35,000,000

30,000,000

25,000,000

20,000,000

15,000,000

10,000,000

5,000,000

30,000,000

25,000,000

20,000,000

15,000,000

10,000,000

Increase long-term debt

25,000,000

23,000,000

22,000,000

21,000,000

19,000,000

18,000,000

16,700,000

15,400,000

14,100,000

12,800,000

11,500,000

10,200,000

Net cash from financing

60,000,000

53,000,000

47,000,000

41,000,000

34,000,000

28,000,000

21,700,000

45,400,000

39,100,000

32,800,000

26,500,000

20,200,000

1,833,561,506

164,806,707

153,818,518

57,922,905

51,459,505

45,836,782

40,711,099

63,442,623

57,700,627

50,483,918

44,152,759

-193,188,259

1,833,561,506

1,998,368,213

2,152,186,731

2,210,109,636

2,261,569,141

2,307,405,923

2,348,117,022

2,411,559,645

2,469,260,272

2,519,744,190

2,152,186,731

2,210,109,636

2,261,569,141

2,307,405,923

2,348,117,022

2,411,559,645

2,469,260,272

2,519,744,190

2,563,896,949

2,370,708,690

Net cash provide by ops.

INVESTING ACTIVITIES
Investment in fixed assets
FINANCIING
ACTIVITIES

NET CHANGE IN CASH

Plus: Cash at beginning of year
Cash at the end of year

1,833,561,506

1,998,368,213

173

Interest increase by 15%: Year 2017

Statement of Income
The Fame Co, Ltd.
For the Year End December
Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

37,350,000

36,500,000

37,500,000

38,680,000

38,100,000

37,600,000

36,900,000

36,300,000

35,750,000

36,950,000

36,422,000

34,630,000

Other exp

7,870,780

4,732,580

9,177,880

9,671,580

9,623,580

6,463,880

4,735,580

6,488,080

6,458,080

9,636,580

4,737,580

6,458,280

EBITDA

29,479,220

31,767,420

28,322,120

29,008,420

28,476,420

31,136,120

32,164,420

29,811,920

29,291,920

27,313,420

31,684,420

28,171,720

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

22,433,675

24,721,875

21,276,575

21,962,875

21,430,875

24,090,575

25,118,875

22,766,375

22,246,375

20,267,875

24,638,875

21,126,175

Sale

Depre&Amort
EBIT

42,455,700.00

Interest exp
EBT

22,433,675

24,721,875

21,276,575

21,962,875

21,430,875

24,090,575

25,118,875

22,766,375

22,246,375

20,267,875

24,638,875

-21,329,525

22,433,675

24,721,875

21,276,575

21,962,875

21,430,875

24,090,575

25,118,875

22,766,375

22,246,375

20,267,875

24,638,875

-21,329,525

Taxes (30%)
Net inc.

174
Statement of Cash Flow
The Fame Co, Ltd.
For The Year Ened December 31, 2013

Period

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

OPERATION ACTIVITIES
Net income

22,433,675

24,721,875

21,276,575

21,962,875

21,430,875

24,090,575

25,118,875

22,766,375

22,246,375

20,267,875

24,638,875

-21,329,525

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

Add (Sources of cash)

Depreciation
Increase in A/P

-175,800,000

Subtract (Uses of cash)

Increase in A/R

9,243,244

8,657,543

9,086,432

7,754,345

6,542,345

9,255,000

8,965,675

7,856,951

6,258,951

5,852,156

10,156,982

9,852,987

20,235,976

23,109,877

19,235,688

21,254,075

21,934,075

21,881,120

23,198,745

21,954,969

23,032,969

21,461,264

21,527,438

-199,936,967

1,758,545,530

93,646,830

93,032,830

648,830

985,662

682,354

687,654

357,658

692,654

687,321

254,658

Increase in notes payable

35,000,000

30,000,000

25,000,000

20,000,000

15,000,000

10,000,000

5,000,000

30,000,000

25,000,000

20,000,000

15,000,000

10,000,000

Increase long-term debt

25,000,000

23,000,000

22,000,000

21,000,000

19,000,000

18,000,000

16,700,000

15,400,000

14,100,000

12,800,000

11,500,000

10,200,000

Net cash from financing

60,000,000

53,000,000

47,000,000

41,000,000

34,000,000

28,000,000

21,700,000

45,400,000

39,100,000

32,800,000

26,500,000

20,200,000

1,838,781,506

169,756,707

159,268,518

62,902,905

56,509,505

50,866,782

45,581,099

68,042,623

62,490,627

54,953,918

48,714,759

-179,482,309

1,838,781,506

2,008,538,213

2,167,806,731

2,230,709,636

2,287,219,141

2,338,085,923

2,383,667,022

2,451,709,645

2,514,200,272

2,569,154,190

2,617,868,949

2,008,538,213

2,167,806,731

2,230,709,636

2,287,219,141

2,338,085,923

2,383,667,022

2,451,709,645

2,514,200,272

2,569,154,190

2,617,868,949

2,438,386,640

Net cash provide by ops.

INVESTING ACTIVITIES
Investment in fixed assets

575,430.00

FINANCIING ACTIVITIES

NET CHANGE IN CASH

Plus: Cash at beginning of year
Cash at the end of year

1,838,781,506

175

Expense Increased by 5% Year 2013

Statement of Income
The Fame Co, Ltd.
For the Year End December
Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

22,200,000

21,150,000

21,610,000

22,450,000

21,750,000

21,030,000

20,530,000

19,670,000

19,400,000

21,650,000

20,700,000

21,530,000

Other exp

7,870,780

4,732,580

9,177,880

9,671,580

9,623,580

6,463,880

4,735,580

6,488,080

6,458,080

9,636,580

4,737,580

6,458,280

EBITDA

14,329,220

16,417,420

12,432,120

12,778,420

12,126,420

14,566,120

15,794,420

13,181,920

12,941,920

12,013,420

15,962,420

15,071,720

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,283,675

9,371,875

5,386,575

5,732,875

5,080,875

7,520,575

8,748,875

6,136,375

5,896,375

4,967,875

8,916,875

8,026,175

Sale

Depre&Amort
EBIT

61530000

Interest exp
EBT

7,283,675

9,371,875

5,386,575

5,732,875

5,080,875

7,520,575

8,748,875

6,136,375

5,896,375

4,967,875

8,916,875

-53,503,825

7,283,675

9,371,875

5,386,575

5,732,875

5,080,875

7,520,575

8,748,875

6,136,375

5,896,375

4,967,875

8,916,875

-53,503,825

Taxes (35%)
Net inc.

176

Statement of Cash Flow

The Fame Co, Ltd.
For The Year Ened December 31, 2013

Period

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

OPERATION ACTIVITIES
Net income

7,283,675

9,371,875

5,386,575

5,732,875

5,080,875

7,520,575

8,748,875

6,136,375

5,896,375

4,967,875

8,916,875

-53,503,825

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

-175,800,000

Increase in A/R

9,243,244

8,657,543

9,086,432

7,754,345

6,542,345

9,255,000

8,965,675

7,856,951

6,258,951

5,852,156

10,156,982

9,852,987

Net cash provide by ops.

5,085,976

7,759,877

3,345,688

5,024,075

5,584,075

5,311,120

6,828,745

5,324,969

6,682,969

6,161,264

5,805,438

-232,111,267

1,758,545,530

93,646,830

93,032,830

648,830

575430

985,662

682,354

687,654

357,658

692,654

687,321

254,658

Increase in notes payable

35,000,000

30,000,000

25,000,000

20,000,000

15,000,000

10,000,000

5,000,000

30,000,000

25,000,000

20,000,000

15,000,000

10,000,000

Increase long-term debt

25,000,000

23,000,000

22,000,000

21,000,000

19,000,000

18,000,000

16,700,000

15,400,000

14,100,000

12,800,000

11,500,000

10,200,000

Net cash from financing

60,000,000

53,000,000

47,000,000

41,000,000

34,000,000

28,000,000

21,700,000

45,400,000

39,100,000

32,800,000

26,500,000

20,200,000

1,823,631,506

154,406,707

143,378,518

46,672,905

40,159,505

34,296,782

29,211,099

51,412,623

46,140,627

39,653,918

32,992,759

-211,656,609

1,823,631,506

1,978,038,213

2,121,416,731

2,168,089,636

2,208,249,141

2,242,545,923

2,271,757,022

2,323,169,645

2,369,310,272

2,408,964,190

2,441,956,949

1,978,038,213

2,121,416,731

2,168,089,636

2,208,249,141

2,242,545,923

2,271,757,022

2,323,169,645

2,369,310,272

2,408,964,190

2,441,956,949

2,230,300,340

Add (Sources of cash)

Depreciation
Increase in A/P
Subtract (Uses of cash)

INVESTING ACTIVITIES
Investment in fixed assets

FINANCIING ACTIVITIES

NET CHANGE IN CASH

Plus: Cash at beginning of year
Cash at the end of year

1,823,631,506

177

Expense Increased by 10% Year 20

Sale
Other exp
EBITDA
Depre&Amort
EBIT
Interest exp
EBT
Taxes (35%)
Net inc.

Statement of Income
The Fame Co, Ltd.
For the Year End December
May
Jun
Jul
23,930,000 23,200,000 22,900,000
9,623,580
6,463,880
4,735,580
14,306,420 16,736,120 18,164,420
7,045,545
7,045,545
7,045,545
7,260,875
9,690,575 11,118,875

Jan
24,250,000
7,870,780
16,379,220
7,045,545
9,333,675

Feb
23,230,000
4,732,580
18,497,420
7,045,545
11,451,875

Mar
23,780,000
9,177,880
14,602,120
7,045,545
7,556,575

Apr
24,600,000
9,671,580
14,928,420
7,045,545
7,882,875

9,333,675

-43,925,125

7,556,575

7,882,875

7,260,875

9,690,575

9,333,675

-43,925,125

7,556,575

7,882,875

7,260,875

9,690,575

Aug
22,530,000
6,488,080
16,041,920
7,045,545
8,996,375

Sep
22,260,000
6,458,080
15,801,920
7,045,545
8,756,375

Oct
23,650,000
9,636,580
14,013,420
7,045,545
6,967,875

Nov
23,110,000
4,737,580
18,372,420
7,045,545
11,326,875

11,118,875

8,996,375

8,756,375

6,967,875

11,326,875

Dec
23,360,000
6,458,280
16,901,720
7,045,545
9,856,175
55,377,000
-45,520,825

11,118,875

8,996,375

8,756,375

6,967,875

11,326,875

-45,520,825

178

Statement of Cash Flow

The Fame Co, Ltd.
For The Year Ened December 31, 2013
Period
OPERATION ACTIVITIES
Net income
Add (Sources of cash)
Depreciation
Increase in A/P
Subtract (Uses of cash)
Increase in A/R
Net cash provide by ops.

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

9,333,675

-43,925,125

7,556,575

7,882,875

7,260,875

9,690,575

11,118,875

8,996,375

8,756,375

6,967,875

11,326,875

-45,520,825

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545
-175,800,000

9,243,244
7,135,976

8,657,543
-45,537,123

9,086,432
5,515,688

7,754,345
7,174,075

6,542,345
7,764,075

9,255,000
7,481,120

8,965,675
9,198,745

7,856,951
8,184,969

6,258,951
9,542,969

5,852,156
8,161,264

10,156,982
8,215,438

9,852,987
-224,128,267

INVESTING ACTIVITIES
Investment in fixed assets

1,758,545,530

93,646,830

93,032,830

648,830

575430

985,662

682,354

687,654

357,658

692,654

687,321

254,658

FINANCIING ACTIVITIES
Increase in notes payable
Increase long-term debt
Net cash from financing
NET CHANGE IN CASH

35,000,000
25,000,000
60,000,000
1,825,681,506

30,000,000
23,000,000
53,000,000
101,109,707

25,000,000
22,000,000
47,000,000
145,548,518

20,000,000
21,000,000
41,000,000
48,822,905

15,000,000
19,000,000
34,000,000
42,339,505

10,000,000
18,000,000
28,000,000
36,466,782

5,000,000
16,700,000
21,700,000
31,581,099

1,825,681,506

1,926,791,213

2,072,339,731

2,121,162,636

2,163,502,141

2,072,339,731

2,121,162,636

2,163,502,141

2,199,968,923

25,000,000
14,100,000
39,100,000
49,000,627
2,114,115,201
2,065,114,574

20,000,000
12,800,000
32,800,000
41,653,918
2,065,114,574
2,023,460,656

15,000,000
11,500,000
26,500,000
35,402,759
2,023,460,656
1,988,057,897

10,000,000
10,200,000
20,200,000
-203,673,609
1,988,057,897

1,926,791,213

2,199,968,923
2,168,387,824

30,000,000
15,400,000
45,400,000
54,272,623
2,168,387,824
2,114,115,201

Plus: Cash at beginning of year

Cash at the end of year

1,825,681,506

-203,673,609

179

Expense Increased 5% by Year 201

Statement of Income
The Fame Co, Ltd.
For the Year End December
Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

27,400,000

26,800,000

27,620,000

28,450,000

27,700,000

27,200,000

26,650,000

26,100,000

25,670,000

27,980,000

27,500,000

28,320,000

Other exp

7,870,780

4,732,580

9,177,880

9,671,580

9,623,580

6,463,880

4,735,580

6,488,080

6,458,080

9,636,580

4,737,580

6,458,280

EBITDA

19,529,220

22,067,420

18,442,120

18,778,420

18,076,420

20,736,120

21,914,420

19,611,920

19,211,920

18,343,420

22,762,420

21,861,720

Sale

Depre&Amort
EBIT

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

12,483,675

15,021,875

11,396,575

11,732,875

11,030,875

13,690,575

14,868,875

12,566,375

12,166,375

11,297,875

15,716,875

14,816,175

12,483,675

15,021,875

11,396,575

11,732,875

11,030,875

13,690,575

14,868,875

12,566,375

12,166,375

11,297,875

15,716,875

-34,407,825

12,483,675

15,021,875

11,396,575

11,732,875

11,030,875

13,690,575

14,868,875

12,566,375

12,166,375

11,297,875

15,716,875

-34,407,825

49,224,000

Interest exp
EBT

Dec

Taxes (30%)
Net inc.

180
Statement of Cash Flow
The Fame Co, Ltd.
For The Year Ened December 31, 2013

Period

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

OPERATION ACTIVITIES
Net income

12,483,675

15,021,875

11,396,575

11,732,875

11,030,875

13,690,575

14,868,875

12,566,375

12,166,375

11,297,875

15,716,875

-34,407,825

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

Add (Sources of cash)

Depreciation
Increase in A/P

-175,800,000

Subtract (Uses of cash)

Increase in A/R

9,243,244

8,657,543

9,086,432

7,754,345

6,542,345

9,255,000

8,965,675

7,856,951

6,258,951

5,852,156

10,156,982

9,852,987

10,285,976

13,409,877

9,355,688

11,024,075

11,534,075

11,481,120

12,948,745

11,754,969

12,952,969

12,491,264

12,605,438

-213,015,267

1,758,545,530

93,646,830

93,032,830

648,830

575430

985,662

682,354

687,654

357,658

692,654

687,321

254,658

Increase in notes payable

35,000,000

30,000,000

25,000,000

20,000,000

15,000,000

10,000,000

5,000,000

30,000,000

25,000,000

20,000,000

15,000,000

10,000,000

Increase long-term debt

25,000,000

23,000,000

22,000,000

21,000,000

19,000,000

18,000,000

16,700,000

15,400,000

14,100,000

12,800,000

11,500,000

10,200,000

Net cash from financing

60,000,000

53,000,000

47,000,000

41,000,000

34,000,000

28,000,000

21,700,000

45,400,000

39,100,000

32,800,000

26,500,000

20,200,000

Net cash provide by ops.

INVESTING ACTIVITIES
Investment in fixed assets

FINANCIING ACTIVITIES

NET CHANGE IN CASH

1,828,831,506

Plus: Cash at beginning of year

Cash at the end of year

1,828,831,506

160,056,707

149,388,518

52,672,905

46,109,505

40,466,782

35,331,099

57,842,623

52,410,627

45,983,918

39,792,759

-192,560,609

1,828,831,506

1,988,888,213

2,138,276,731

2,190,949,636

2,237,059,141

2,277,525,923

2,312,857,022

2,370,699,645

2,423,110,272

2,469,094,190

2,508,886,949

1,988,888,213

2,138,276,731

2,190,949,636

2,237,059,141

2,277,525,923

2,312,857,022

2,370,699,645

2,423,110,272

2,469,094,190

2,508,886,949

2,316,326,340

181

Expense Increased 5% by Year 2016

Sale
Other exp
EBITDA
Depre&Amort
EBIT
Interest exp
EBT
Taxes (30%)
Net inc.

Jan
32,130,000
7,870,780
24,259,220
7,045,545
17,213,675

Feb
31,550,000
4,732,580
26,817,420
7,045,545
19,771,875

Mar
32,050,000
9,177,880
22,872,120
7,045,545
15,826,575

Apr
33,700,000
9,671,580
24,028,420
7,045,545
16,982,875

Statement of Income
The Fame Co, Ltd.
For the Year End December
May
Jun
Jul
33,050,000
32,570,000
32,030,000
9,623,580
6,463,880
4,735,580
23,426,420
26,106,120
27,294,420
7,045,545
7,045,545
7,045,545
16,380,875
19,060,575
20,248,875

17,213,675

19,771,875

15,826,575

16,982,875

16,380,875

19,060,575

20,248,875

18,166,375

17,456,375

15,797,875

20,076,875

Dec
28,000,000
6,458,280
21,541,720
7,045,545
14,496,175
43,071,000
-28,574,825

17,213,675

19,771,875

15,826,575

16,982,875

16,380,875

19,060,575

20,248,875

18,166,375

17,456,375

15,797,875

20,076,875

-28,574,825

Aug
31,700,000
6,488,080
25,211,920
7,045,545
18,166,375

Sep
30,960,000
6,458,080
24,501,920
7,045,545
17,456,375

Oct
32,480,000
9,636,580
22,843,420
7,045,545
15,797,875

Nov
31,860,000
4,737,580
27,122,420
7,045,545
20,076,875

182

Statement of Cash Flow

The Fame Co, Ltd.
For The Year Ened December 31, 2013
Period
OPERATION ACTIVITIES
Net income
Add (Sources of cash)
Depreciation
Increase in A/P
Subtract (Uses of cash)
Increase in A/R
Net cash provide by ops.
INVESTING ACTIVITIES
Investment in fixed assets
FINANCIING ACTIVITIES
Increase in notes payable
Increase long-term debt
Net cash from financing
NET CHANGE IN CASH
Plus: Cash at beginning of year
Cash at the end of year

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

17,213,675

19,771,875

15,826,575

16,982,875

16,380,875

19,060,575

20,248,875

18,166,375

17,456,375

15,797,875

20,076,875

-28,574,825

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545
-175,800,000

9,243,244
15,015,976

8,657,543
18,159,877

9,086,432
13,785,688

7,754,345
16,274,075

6,542,345
16,884,075

9,255,000
16,851,120

8,965,675
18,328,745

7,856,951
17,354,969

6,258,951
18,242,969

5,852,156
16,991,264

10,156,982
16,965,438

9,852,987
-207,182,267

1,758,545,530

93,646,830

93,032,830

648,830

575430

985,662

682,354

687,654

357,658

692,654

687,321

254,658

35,000,000
25,000,000
60,000,000
1,833,561,506

30,000,000
23,000,000
53,000,000
164,806,707
1,833,561,506
1,998,368,213

25,000,000
22,000,000
47,000,000
153,818,518
1,998,368,213
2,152,186,731

20,000,000
21,000,000
41,000,000
57,922,905
2,152,186,731
2,210,109,636

15,000,000
19,000,000
34,000,000
51,459,505
2,210,109,636
2,261,569,141

10,000,000
18,000,000
28,000,000
45,836,782
2,261,569,141
2,307,405,923

5,000,000
16,700,000
21,700,000
40,711,099
2,307,405,923
2,348,117,022

30,000,000
15,400,000
45,400,000
63,442,623
2,348,117,022
2,411,559,645

25,000,000
14,100,000
39,100,000
57,700,627
2,411,559,645
2,469,260,272

20,000,000
12,800,000
32,800,000
50,483,918
2,469,260,272
2,519,744,190

15,000,000
11,500,000
26,500,000
44,152,759
2,519,744,190
2,563,896,949

10,000,000
10,200,000
20,200,000
-186,727,609
2,563,896,949
2,377,169,340

1,833,561,506

183

Expense Increased 5% by Year 2016

Sale
Other exp
EBITDA
Depre&Amort
EBIT
Interest exp
EBT
Taxes (30%)
Net inc.

Statement of Income
The Fame Co, Ltd.
For the Year End December
Jun
Jul
37,600,000
36,900,000
6,463,880
4,735,580
31,136,120
32,164,420
7,045,545
7,045,545
24,090,575
25,118,875

Jan
37,350,000
7,870,780
29,479,220
7,045,545
22,433,675

Feb
36,500,000
4,732,580
31,767,420
7,045,545
24,721,875

Mar
37,500,000
9,177,880
28,322,120
7,045,545
21,276,575

Apr
38,680,000
9,671,580
29,008,420
7,045,545
21,962,875

May
38,100,000
9,623,580
28,476,420
7,045,545
21,430,875

22,433,675

24,721,875

21,276,575

21,962,875

21,430,875

24,090,575

22,433,675

24,721,875

21,276,575

21,962,875

21,430,875

24,090,575

Aug
36,300,000
6,488,080
29,811,920
7,045,545
22,766,375

Sep
35,750,000
6,458,080
29,291,920
7,045,545
22,246,375

Oct
36,950,000
9,636,580
27,313,420
7,045,545
20,267,875

Nov
36,422,000
4,737,580
31,684,420
7,045,545
24,638,875

Dec

25,118,875

22,766,375

22,246,375

20,267,875

24,638,875

34,630,000
6,458,280
28,171,720
7,045,545
21,126,175
36,918,000.00
-15,791,825

25,118,875

22,766,375

22,246,375

20,267,875

24,638,875

-15,791,825

184

Statement of Cash Flow

The Fame Co, Ltd.
For The Year Ened December 31, 2013
Period
OPERATION ACTIVITIES
Net income
Add (Sources of cash)
Depreciation
Increase in A/P
Subtract (Uses of cash)
Increase in A/R
Net cash provide by ops.

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

22,433,675

24,721,875

21,276,575

21,962,875

21,430,875

24,090,575

25,118,875

22,766,375

22,246,375

20,267,875

24,638,875

-15,791,825

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545
-175,800,000

9,243,244
20,235,976

8,657,543
23,109,877

9,086,432
19,235,688

7,754,345
21,254,075

6,542,345
21,934,075

9,255,000
21,881,120

8,965,675
23,198,745

7,856,951
21,954,969

6,258,951
23,032,969

5,852,156
21,461,264

10,156,982
21,527,438

9,852,987
-194,399,267

1,758,545,530

93,646,830

93,032,830

648,830

985,662

682,354

687,654

357,658

692,654

687,321

254,658

35,000,000
25,000,000
60,000,000
1,838,781,506

30,000,000
23,000,000
53,000,000
169,756,707
1,838,781,506
2,008,538,213

25,000,000
22,000,000
47,000,000
159,268,518
2,008,538,213
2,167,806,731

20,000,000
21,000,000
41,000,000
62,902,905
2,167,806,731
2,230,709,636

10,000,000
18,000,000
28,000,000
50,866,782
2,287,219,141
2,338,085,923

5,000,000
16,700,000
21,700,000
45,581,099
2,338,085,923
2,383,667,022

30,000,000
15,400,000
45,400,000
68,042,623
2,383,667,022
2,451,709,645

25,000,000
14,100,000
39,100,000
62,490,627
2,451,709,645
2,514,200,272

20,000,000
12,800,000
32,800,000
54,953,918
2,514,200,272
2,569,154,190

15,000,000
11,500,000
26,500,000
48,714,759
2,569,154,190
2,617,868,949

10,000,000
10,200,000
20,200,000
-173,944,609
2,617,868,949
2,443,924,340

INVESTING ACTIVITIES
Investment in fixed assets
FINANCIING ACTIVITIES
Increase in notes payable
Increase long-term debt
Net cash from financing
NET CHANGE IN CASH
Plus: Cash at beginning of year
Cash at the end of year

1,838,781,506

575,430.00

15,000,000
19,000,000
34,000,000
56,509,505
2,230,709,636
2,287,219,141

185
Expense Increased 10% Year 2013

Sale
Other exp
EBITDA
Depre&Amort
EBIT
Interest exp
EBT
Taxes (35%)
Net inc.

Statement of Income
The Fame Co, Ltd.
For the Year End December
May
Jun
Jul
21,750,000 21,030,000 20,530,000
10,585,938
7,110,268
5,209,138
11,164,062 13,919,732 15,320,862
7,045,545
7,045,545
7,045,545
4,118,517
6,874,187
8,275,317

Jan
22,200,000
8,657,858
13,542,142
7,045,545
6,496,597

Feb
21,150,000
5,205,838
15,944,162
7,045,545
8,898,617

Mar
21,610,000
10,095,668
11,514,332
7,045,545
4,468,787

Apr
22,450,000
10,638,738
11,811,262
7,045,545
4,765,717

6,496,597

8,898,617

4,468,787

4,765,717

4,118,517

6,874,187

6,496,597

8,898,617

4,468,787

4,765,717

4,118,517

6,874,187

Aug
19,670,000
7,136,888
12,533,112
7,045,545
5,487,567

Sep
19,400,000
7,103,888
12,296,112
7,045,545
5,250,567

Oct
21,650,000
10,600,238
11,049,762
7,045,545
4,004,217

Nov
20,700,000
5,211,338
15,488,662
7,045,545
8,443,117

8,275,317

5,487,567

5,250,567

4,004,217

8,443,117

Dec
21,530,000
71,041,108
-49,511,108
7,045,545
-56,556,653
61,683,000
-118,239,653

8,275,317

5,487,567

5,250,567

4,004,217

8,443,117

-118,239,653

186

Statement of Cash Flow

The Fame Co, Ltd.
For The Year Ened December 31, 2013
Period
OPERATION ACTIVITIES
Net income
Add (Sources of cash)
Depreciation
Increase in A/P
Subtract (Uses of cash)
Increase in A/R
Net cash provide by ops.
INVESTING ACTIVITIES
Investment in fixed assets
FINANCIING ACTIVITIES
Increase in notes payable
Increase long-term debt
Net cash from financing
NET CHANGE IN CASH
Plus: Cash at beginning of year
Cash at the end of year

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

6,496,597

8,898,617

4,468,787

4,765,717

4,118,517

6,874,187

8,275,317

5,487,567

5,250,567

4,004,217

8,443,117

-118,239,653

7,045,545
0

7,045,545
0

7,045,545
0

7,045,545
0

7,045,545
0

7,045,545
0

7,045,545
0

7,045,545
0

7,045,545
0

7,045,545
0

7,045,545
0

7,045,545
-175,800,000

9,243,244
4,298,898

8,657,543
7,286,619

9,086,432
2,427,900

7,754,345
4,056,917

6,542,345
4,621,717

9,255,000
4,664,732

8,965,675
6,355,187

7,856,951
4,676,161

6,258,951
6,037,161

5,852,156
5,197,606

10,156,982
5,331,680

9,852,987
-296,847,095

1,758,545,530

93,646,830

93,032,830

648,830

575430

985,662

682,354

687,654

357,658

692,654

687,321

254,658

35,000,000
25,000,000
60,000,000
1,822,844,428

30,000,000
23,000,000
53,000,000
153,933,449
1,822,844,428
1,976,777,877

25,000,000
22,000,000
47,000,000
142,460,730
1,976,777,877
2,119,238,607

20,000,000
21,000,000
41,000,000
45,705,747
2,119,238,607
2,164,944,354

15,000,000
19,000,000
34,000,000
39,197,147
2,164,944,354
2,204,141,501

10,000,000
18,000,000
28,000,000
33,650,394
2,204,141,501
2,237,791,895

5,000,000
16,700,000
21,700,000
28,737,541
2,237,791,895
2,266,529,436

30,000,000
15,400,000
45,400,000
50,763,815
2,266,529,436
2,317,293,251

25,000,000
14,100,000
39,100,000
45,494,819
2,317,293,251
2,362,788,070

20,000,000
12,800,000
32,800,000
38,690,260
2,362,788,070
2,401,478,330

15,000,000
11,500,000
26,500,000
32,519,001
2,401,478,330
2,433,997,331

10,000,000
10,200,000
20,200,000
-276,392,437
2,433,997,331
2,157,604,894

1,822,844,428

187
Expense Increased 10% Year 2014

Sale
Other exp
EBITDA
Depre&Amort
EBIT
Interest exp
EBT
Taxes (35%)
Net inc.

Statement of Income
The Fame Co, Ltd.
For the Year End December
May
Jun
Jul
23,930,000 23,200,000 22,900,000
10,585,938
7,110,268
5,209,138
13,344,062 16,089,732 17,690,862
7,045,545
7,045,545
7,045,545
6,298,517
9,044,187 10,645,317

Jan
24,250,000
8,657,858
15,592,142
7,045,545
8,546,597

Feb
23,230,000
5,205,838
18,024,162
7,045,545
10,978,617

Mar
23,780,000
10,095,668
13,684,332
7,045,545
6,638,787

Apr
24,600,000
10,638,738
13,961,262
7,045,545
6,915,717

8,546,597

-49,936,083

6,638,787

6,915,717

6,298,517

9,044,187

8,546,597

-49,936,083

6,638,787

6,915,717

6,298,517

9,044,187

Aug
22,530,000
7,136,888
15,393,112
7,045,545
8,347,567

Sep
22,260,000
7,103,888
15,156,112
7,045,545
8,110,567

Oct
23,650,000
10,600,238
13,049,762
7,045,545
6,004,217

Nov
23,110,000
5,211,338
17,898,662
7,045,545
10,853,117

10,645,317

8,347,567

8,110,567

6,004,217

10,853,117

Dec
23,360,000
71,041,108
-47,681,108
7,045,545
-54,726,653
60,914,700
-115,641,353

10,645,317

8,347,567

8,110,567

6,004,217

10,853,117

-115,641,353

188

Statement of Cash Flow

The Fame Co, Ltd.
For The Year Ened December 31, 2013
Period
OPERATION ACTIVITIES
Net income
Add (Sources of cash)
Depreciation
Increase in A/P
Subtract (Uses of cash)
Increase in A/R
Net cash provide by ops.
INVESTING ACTIVITIES
Investment in fixed assets
FINANCIING ACTIVITIES
Increase in notes payable
Increase long-term debt
Net cash from financing
NET CHANGE IN CASH
Plus: Cash at beginning of year
Cash at the end of year

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

8,546,597

-49,936,083

6,638,787

6,915,717

6,298,517

9,044,187

10,645,317

8,347,567

8,110,567

6,004,217

10,853,117

-115,641,353

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545
-175,800,000

9,243,244
6,348,898

8,657,543
-51,548,081

9,086,432
4,597,900

7,754,345
6,206,917

6,542,345
6,801,717

9,255,000
6,834,732

8,965,675
8,725,187

7,856,951
7,536,161

6,258,951
8,897,161

5,852,156
7,197,606

10,156,982
7,741,680

9,852,987
-294,248,795

1,758,545,530

93,646,830

93,032,830

648,830

575430

985,662

682,354

687,654

357,658

692,654

687,321

254,658

35,000,000
25,000,000
60,000,000
1,824,894,428

30,000,000
23,000,000
53,000,000
95,098,749
1,824,894,428
1,919,993,177

25,000,000
22,000,000
47,000,000
144,630,730
1,919,993,177
2,064,623,907

20,000,000
21,000,000
41,000,000
47,855,747
2,064,623,907
2,112,479,654

15,000,000
19,000,000
34,000,000
41,377,147
2,112,479,654
2,153,856,801

10,000,000
18,000,000
28,000,000
35,820,394
2,153,856,801
2,189,677,195

5,000,000
16,700,000
21,700,000
31,107,541
2,189,677,195
2,220,784,736

30,000,000
15,400,000
45,400,000
53,623,815
2,220,784,736
2,274,408,551

25,000,000
14,100,000
39,100,000
48,354,819
2,274,408,551
2,322,763,370

20,000,000
12,800,000
32,800,000
40,690,260
2,322,763,370
2,363,453,630

15,000,000
11,500,000
26,500,000
34,929,001
2,363,453,630
2,398,382,631

10,000,000
10,200,000
20,200,000
-273,794,137
2,398,382,631
2,124,588,494

1,824,894,428

189
Expense Increased 10% Year 2015

Sale
Other exp
EBITDA
Depre&Amort
EBIT
Interest exp
EBT
Taxes (30%)
Net inc.

Jan
27,400,000
8,657,858
18,742,142
7,045,545
11,696,597

Feb
26,800,000
5,205,838
21,594,162
7,045,545
14,548,617

Mar
27,620,000
10,095,668
17,524,332
7,045,545
10,478,787

Apr
28,450,000
10,638,738
17,811,262
7,045,545
10,765,717

Statement of Income
The Fame Co, Ltd.
For the Year End December
May
Jun
Jul
27,700,000
27,200,000
26,650,000
10,585,938
7,110,268
5,209,138
17,114,062
20,089,732
21,440,862
7,045,545
7,045,545
7,045,545
10,068,517
13,044,187
14,395,317

11,696,597

14,548,617

10,478,787

10,765,717

10,068,517

13,044,187

14,395,317

11,917,567

11,520,567

10,334,217

15,243,117

Dec
28,320,000
71,041,108
-42,721,108
7,045,545
-49,766,653
54,146,400
-103,913,053

11,696,597

14,548,617

10,478,787

10,765,717

10,068,517

13,044,187

14,395,317

11,917,567

11,520,567

10,334,217

15,243,117

-103,913,053

Aug
26,100,000
7,136,888
18,963,112
7,045,545
11,917,567

Sep
25,670,000
7,103,888
18,566,112
7,045,545
11,520,567

Oct
27,980,000
10,600,238
17,379,762
7,045,545
10,334,217

Nov
27,500,000
5,211,338
22,288,662
7,045,545
15,243,117

190

The Fame Co, Ltd.

For The Year Ened December 31, 2013
Period
OPERATION ACTIVITIES
Net income
Add (Sources of cash)
Depreciation
Increase in A/P
Subtract (Uses of cash)
Increase in A/R
Net cash provide by ops.
INVESTING ACTIVITIES
Investment in fixed assets
FINANCIING ACTIVITIES
Increase in notes payable
Increase long-term debt
Net cash from financing
NET CHANGE IN CASH
Plus: Cash at beginning of year
Cash at the end of year

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

11,696,597

14,548,617

10,478,787

10,765,717

10,068,517

13,044,187

14,395,317

11,917,567

11,520,567

10,334,217

15,243,117

-103,913,053

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545
-175,800,000

9,243,244
9,498,898

8,657,543
12,936,619

9,086,432
8,437,900

7,754,345
10,056,917

6,542,345
10,571,717

9,255,000
10,834,732

8,965,675
12,475,187

7,856,951
11,106,161

6,258,951
12,307,161

5,852,156
11,527,606

10,156,982
12,131,680

9,852,987
-282,520,495

1,758,545,530

93,646,830

93,032,830

648,830

575430

985,662

682,354

687,654

357,658

692,654

687,321

254,658

35,000,000
25,000,000
60,000,000
1,828,044,428

30,000,000
23,000,000
53,000,000
159,583,449
1,828,044,428
1,987,627,877

25,000,000
22,000,000
47,000,000
148,470,730
1,987,627,877
2,136,098,607

20,000,000
21,000,000
41,000,000
51,705,747
2,136,098,607
2,187,804,354

15,000,000
19,000,000
34,000,000
45,147,147
2,187,804,354
2,232,951,501

10,000,000
18,000,000
28,000,000
39,820,394
2,232,951,501
2,272,771,895

5,000,000
16,700,000
21,700,000
34,857,541
2,272,771,895
2,307,629,436

30,000,000
15,400,000
45,400,000
57,193,815
2,307,629,436
2,364,823,251

25,000,000
14,100,000
39,100,000
51,764,819
2,364,823,251
2,416,588,070

20,000,000
12,800,000
32,800,000
45,020,260
2,416,588,070
2,461,608,330

15,000,000
11,500,000
26,500,000
39,319,001
2,461,608,330
2,500,927,331

10,000,000
10,200,000
20,200,000
-262,065,837
2,500,927,331
2,238,861,494

1,828,044,428

191

Expense Increased 10% Year 2016

Sale
Other exp
EBITDA
Depre&Amort
EBIT
Interest exp
EBT
Taxes (30%)
Net inc.

Jan
32,130,000
8,657,858
23,472,142
7,045,545
16,426,597

Feb
31,550,000
5,205,838
26,344,162
7,045,545
19,298,617

Mar
32,050,000
10,095,668
21,954,332
7,045,545
14,908,787

Apr
33,700,000
10,638,738
23,061,262
7,045,545
16,015,717

Statement of Income
The Fame Co, Ltd.
For the Year End December
May
Jun
Jul
33,050,000
32,570,000
32,030,000
10,585,938
7,110,268
5,209,138
22,464,062
25,459,732
26,820,862
7,045,545
7,045,545
7,045,545
15,418,517
18,414,187
19,775,317

16,426,597

19,298,617

14,908,787

16,015,717

15,418,517

18,414,187

19,775,317

17,517,567

16,810,567

14,834,217

19,603,117

Dec
28,000,000
71,041,108
-43,041,108
7,045,545
-50,086,653
47,378,100
-97,464,753

16,426,597

19,298,617

14,908,787

16,015,717

15,418,517

18,414,187

19,775,317

17,517,567

16,810,567

14,834,217

19,603,117

-97,464,753

Aug
31,700,000
7,136,888
24,563,112
7,045,545
17,517,567

Sep
30,960,000
7,103,888
23,856,112
7,045,545
16,810,567

Oct
32,480,000
10,600,238
21,879,762
7,045,545
14,834,217

Nov
31,860,000
5,211,338
26,648,662
7,045,545
19,603,117

192

Statement of Cash Flow

The Fame Co, Ltd.
For The Year Ened December 31, 2013
Period
OPERATION ACTIVITIES
Net income
Add (Sources of cash)
Depreciation
Increase in A/P
Subtract (Uses of cash)
Increase in A/R
Net cash provide by ops.
INVESTING ACTIVITIES
Investment in fixed assets
FINANCIING ACTIVITIES
Increase in notes payable
Increase long-term debt
Net cash from financing
NET CHANGE IN CASH
Plus: Cash at beginning of year
Cash at the end of year

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

16,426,597

19,298,617

14,908,787

16,015,717

15,418,517

18,414,187

19,775,317

17,517,567

16,810,567

14,834,217

19,603,117

-97,464,753

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545
-175,800,000

9,243,244
14,228,898

8,657,543
17,686,619

9,086,432
12,867,900

7,754,345
15,306,917

6,542,345
15,921,717

9,255,000
16,204,732

8,965,675
17,855,187

7,856,951
16,706,161

6,258,951
17,597,161

5,852,156
16,027,606

10,156,982
16,491,680

9,852,987
-276,072,195

1,758,545,530

93,646,830

93,032,830

648,830

575430

985,662

682,354

687,654

357,658

692,654

687,321

254,658

35,000,000
25,000,000
60,000,000
1,832,774,428

30,000,000
23,000,000
53,000,000
164,333,449
1,832,774,428
1,997,107,877

25,000,000
22,000,000
47,000,000
152,900,730
1,997,107,877
2,150,008,607

20,000,000
21,000,000
41,000,000
56,955,747
2,150,008,607
2,206,964,354

15,000,000
19,000,000
34,000,000
50,497,147
2,206,964,354
2,257,461,501

10,000,000
18,000,000
28,000,000
45,190,394
2,257,461,501
2,302,651,895

5,000,000
16,700,000
21,700,000
40,237,541
2,302,651,895
2,342,889,436

30,000,000
15,400,000
45,400,000
62,793,815
2,342,889,436
2,405,683,251

25,000,000
14,100,000
39,100,000
57,054,819
2,405,683,251
2,462,738,070

20,000,000
12,800,000
32,800,000
49,520,260
2,462,738,070
2,512,258,330

15,000,000
11,500,000
26,500,000
43,679,001
2,512,258,330
2,555,937,331

10,000,000
10,200,000
20,200,000
-255,617,537
2,555,937,331
2,300,319,794

1,832,774,428

193
Expense Increased 10% Year 2017

Sale
Other exp
EBITDA
Depre&Amort
EBIT
Interest exp
EBT
Taxes (30%)
Net inc.

Jan
37,350,000
8,657,858
28,692,142
7,045,545
21,646,597

Feb
36,500,000
5,205,838
31,294,162
7,045,545
24,248,617

Mar
37,500,000
10,095,668
27,404,332
7,045,545
20,358,787

Apr
38,680,000
10,638,738
28,041,262
7,045,545
20,995,717

Statement of Income
The Fame Co, Ltd.
For the Year End December
May
Jun
Jul
38,100,000
37,600,000
36,900,000
10,585,938
7,110,268
5,209,138
27,514,062
30,489,732
31,690,862
7,045,545
7,045,545
7,045,545
20,468,517
23,444,187
24,645,317

21,646,597

24,248,617

20,358,787

20,995,717

20,468,517

23,444,187

24,645,317

22,117,567

21,600,567

19,304,217

24,165,117

Dec
34,630,000
71,041,108
-36,411,108
7,045,545
-43,456,653
40,609,800
-84,066,453

21,646,597

24,248,617

20,358,787

20,995,717

20,468,517

23,444,187

24,645,317

22,117,567

21,600,567

19,304,217

24,165,117

-84,066,453

Aug
36,300,000
7,136,888
29,163,112
7,045,545
22,117,567

Sep
35,750,000
7,103,888
28,646,112
7,045,545
21,600,567

Oct
36,950,000
10,600,238
26,349,762
7,045,545
19,304,217

Nov
36,422,000
5,211,338
31,210,662
7,045,545
24,165,117

194

Statement of Cash Flow

The Fame Co, Ltd.
For The Year Ened December 31, 2013
Period
OPERATION ACTIVITIES
Net income
Add (Sources of cash)
Depreciation
Increase in A/P
Subtract (Uses of cash)
Increase in A/R
Net cash provide by ops.

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

21,646,597

24,248,617

20,358,787

20,995,717

20,468,517

23,444,187

24,645,317

22,117,567

21,600,567

19,304,217

24,165,117

-84,066,453

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545
-175,800,000

9,243,244
19,448,898

8,657,543
22,636,619

9,086,432
18,317,900

7,754,345
20,286,917

6,542,345
20,971,717

9,255,000
21,234,732

8,965,675
22,725,187

7,856,951
21,306,161

6,258,951
22,387,161

5,852,156
20,497,606

10,156,982
21,053,680

9,852,987
-262,673,895

1,758,545,530

93,646,830

93,032,830

648,830

985,662

682,354

687,654

357,658

692,654

687,321

254,658

35,000,000
25,000,000
60,000,000
1,837,994,428

30,000,000
23,000,000
53,000,000
169,283,449
1,837,994,428
2,007,277,877

25,000,000
22,000,000
47,000,000
158,350,730
2,007,277,877
2,165,628,607

20,000,000
21,000,000
41,000,000
61,935,747
2,165,628,607
2,227,564,354

10,000,000
18,000,000
28,000,000
50,220,394
2,283,111,501
2,333,331,895

5,000,000
16,700,000
21,700,000
45,107,541
2,333,331,895
2,378,439,436

30,000,000
15,400,000
45,400,000
67,393,815
2,378,439,436
2,445,833,251

25,000,000
14,100,000
39,100,000
61,844,819
2,445,833,251
2,507,678,070

20,000,000
12,800,000
32,800,000
53,990,260
2,507,678,070
2,561,668,330

15,000,000
11,500,000
26,500,000
48,241,001
2,561,668,330
2,609,909,331

10,000,000
10,200,000
20,200,000
-242,219,237
2,609,909,331
2,367,690,094

INVESTING ACTIVITIES
Investment in fixed assets
FINANCIING ACTIVITIES
Increase in notes payable
Increase long-term debt
Net cash from financing
NET CHANGE IN CASH
Plus: Cash at beginning of year
Cash at the end of year

1,837,994,428

575,430.00

15,000,000
19,000,000
34,000,000
55,547,147
2,227,564,354
2,283,111,501

195

Expense Increased 15% Year 2013

Sale
Other exp
EBITDA
Depre&Amort
EBIT
Interest exp
EBT
Taxes (35%)
Net inc.

Statement of Income
The Fame Co, Ltd.
For the Year End December
May
Jun
Jul
21,750,000
21,030,000
20,530,000
11,067,117
7,433,462
5,445,917
10,682,883
13,596,538
15,084,083
7,045,545
7,045,545
7,045,545
3,637,338
6,550,993
8,038,538

Jan
22,200,000
9,051,397
13,148,603
7,045,545
6,103,058

Feb
21,150,000
5,442,467
15,707,533
7,045,545
8,661,988

Mar
21,610,000
15,554,562
6,055,438
7,045,545
-990,107

Apr
22,450,000
11,122,317
11,327,683
7,045,545
4,282,138

6,103,058

8,661,988

-990,107

4,282,138

3,637,338

6,550,993

6,103,058

8,661,988

-990,107

4,282,138

3,637,338

6,550,993

Aug
19,670,000
7,461,292
12,208,708
7,045,545
5,163,163

Sep
19,400,000
7,426,792
11,973,208
7,045,545
4,927,663

Oct
21,650,000
11,082,067
10,567,933
7,045,545
3,522,388

Nov
20,700,000
5,448,217
15,251,783
7,045,545
8,206,238

8,038,538

5,163,163

4,927,663

3,522,388

8,206,238

Dec
21,530,000
7,427,022
14,102,978
7,045,545
7,057,433
61530000
-54,472,567

8,038,538

5,163,163

4,927,663

3,522,388

8,206,238

-54,472,567

196

Expense Increased 15% Year 2013

Statement of Cash Flow

The Fame Co, Ltd.
For The Year Ened December 31, 2013
Period
OPERATION ACTIVITIES
Net income
Add (Sources of cash)
Depreciation
Increase in A/P
Subtract (Uses of cash)
Increase in A/R
Net cash provide by ops.
INVESTING ACTIVITIES
Investment in fixed assets
FINANCIING ACTIVITIES
Increase in notes payable
Increase long-term debt
Net cash from financing
NET CHANGE IN CASH
Plus: Cash at beginning of year
Cash at the end of year

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

6,103,058

8,661,988

-990,107

4,282,138

3,637,338

6,550,993

8,038,538

5,163,163

4,927,663

3,522,388

8,206,238

-54,472,567

7,045,545
0

7,045,545
0

7,045,545
0

7,045,545
0

7,045,545
0

7,045,545
0

7,045,545
0

7,045,545
0

7,045,545
0

7,045,545
0

7,045,545
0

7,045,545
-175,800,000

9,243,244
3,905,359

8,657,543
7,049,990

9,086,432
-3,030,994

7,754,345
3,573,338

6,542,345
4,140,538

9,255,000
4,341,538

8,965,675
6,118,408

7,856,951
4,351,757

6,258,951
5,714,257

5,852,156
4,715,777

10,156,982
5,094,801

9,852,987
-233,080,009

1,758,545,530

93,646,830

93,032,830

648,830

575430

985,662

682,354

687,654

357,658

692,654

687,321

254,658

35,000,000
25,000,000
60,000,000
1,822,450,889

30,000,000
23,000,000
53,000,000
153,696,820
1,822,450,889
1,976,147,709

25,000,000
22,000,000
47,000,000
137,001,836
1,976,147,709
2,113,149,545

20,000,000
21,000,000
41,000,000
45,222,168
2,113,149,545
2,158,371,713

15,000,000
19,000,000
34,000,000
38,715,968
2,158,371,713
2,197,087,681

10,000,000
18,000,000
28,000,000
33,327,200
2,197,087,681
2,230,414,881

5,000,000
16,700,000
21,700,000
28,500,762
2,230,414,881
2,258,915,643

30,000,000
15,400,000
45,400,000
50,439,411
2,258,915,643
2,309,355,054

25,000,000
14,100,000
39,100,000
45,171,915
2,309,355,054
2,354,526,969

20,000,000
12,800,000
32,800,000
38,208,431
2,354,526,969
2,392,735,400

15,000,000
11,500,000
26,500,000
32,282,122
2,392,735,400
2,425,017,522

10,000,000
10,200,000
20,200,000
-212,625,351
2,425,017,522
2,212,392,171

1,822,450,889

197

Expense Increased 15% Year 2014

Sale
Other exp
EBITDA
Depre&Amort
EBIT
Interest exp
EBT
Taxes (35%)
Net inc.

Statement of Income
The Fame Co, Ltd.
For the Year End December
May
Jun
Jul
23,930,000
23,200,000
22,900,000
11,067,117
7,433,462
5,445,917
12,862,883
15,766,538
17,454,083
7,045,545
7,045,545
7,045,545
5,817,338
8,720,993
10,408,538

Jan
24,250,000
9,051,397
15,198,603
7,045,545
8,153,058

Feb
23,230,000
5,442,467
17,787,533
7,045,545
10,741,988

Mar
23,780,000
15,554,562
8,225,438
7,045,545
1,179,893

Apr
24,600,000
11,122,317
13,477,683
7,045,545
6,432,138

8,153,058

-44,635,012

1,179,893

6,432,138

5,817,338

8,720,993

8,153,058

-44,635,012

1,179,893

6,432,138

5,817,338

8,720,993

Aug
22,530,000
7,461,292
15,068,708
7,045,545
8,023,163

Sep
22,260,000
7,426,792
14,833,208
7,045,545
7,787,663

Oct
23,650,000
11,082,067
12,567,933
7,045,545
5,522,388

Nov
23,110,000
5,448,217
17,661,783
7,045,545
10,616,238

10,408,538

8,023,163

7,787,663

5,522,388

10,616,238

Dec
23,360,000
7,427,022
15,932,978
7,045,545
8,887,433
55,377,000
-46,489,567

10,408,538

8,023,163

7,787,663

5,522,388

10,616,238

-46,489,567

198
Expense Increased 15% Year 2014

Statement of Cash Flow

The Fame Co, Ltd.
For The Year Ened December 31, 2013
Period
OPERATION ACTIVITIES
Net income
Add (Sources of cash)
Depreciation
Increase in A/P
Subtract (Uses of cash)
Increase in A/R
Net cash provide by ops.
INVESTING ACTIVITIES
Investment in fixed assets
FINANCIING ACTIVITIES
Increase in notes payable
Increase long-term debt
Net cash from financing
NET CHANGE IN CASH
Plus: Cash at beginning of year
Cash at the end of year

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

8,153,058

-44,635,012

1,179,893

6,432,138

5,817,338

8,720,993

10,408,538

8,023,163

7,787,663

5,522,388

10,616,238

-46,489,567

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545
-175,800,000

9,243,244
5,955,359

8,657,543
-46,247,010

9,086,432
-860,994

7,754,345
5,723,338

6,542,345
6,320,538

9,255,000
6,511,538

8,965,675
8,488,408

7,856,951
7,211,757

6,258,951
8,574,257

5,852,156
6,715,777

10,156,982
7,504,801

9,852,987
-225,097,009

1,758,545,530

93,646,830

93,032,830

648,830

575430

985,662

682,354

687,654

357,658

692,654

687,321

254,658

35,000,000
25,000,000
60,000,000
1,824,500,889

30,000,000
23,000,000
53,000,000
100,399,820
1,824,500,889
1,924,900,709

25,000,000
22,000,000
47,000,000
139,171,836
1,924,900,709
2,064,072,545

20,000,000
21,000,000
41,000,000
47,372,168
2,064,072,545
2,111,444,713

15,000,000
19,000,000
34,000,000
40,895,968
2,111,444,713
2,152,340,681

10,000,000
18,000,000
28,000,000
35,497,200
2,152,340,681
2,187,837,881

5,000,000
16,700,000
21,700,000
30,870,762
2,187,837,881
2,218,708,643

30,000,000
15,400,000
45,400,000
53,299,411
2,218,708,643
2,272,008,054

25,000,000
14,100,000
39,100,000
48,031,915
2,272,008,054
2,320,039,969

20,000,000
12,800,000
32,800,000
40,208,431
2,320,039,969
2,360,248,400

15,000,000
11,500,000
26,500,000
34,692,122
2,360,248,400
2,394,940,522

10,000,000
10,200,000
20,200,000
-204,642,351
2,394,940,522
2,190,298,171

1,824,500,889

199

Expense Increased 15% Year 2015

Sale
Other exp
EBITDA
Depre&Amort
EBIT
Interest exp
EBT
Taxes (30%)
Net inc.

Statement of Income
The Fame Co, Ltd.
For the Year End December
May
Jun
Jul
27,700,000 27,200,000
26,650,000
11,067,117
7,433,462
5,445,917
16,632,883 19,766,538
21,204,083
7,045,545
7,045,545
7,045,545
9,587,338 12,720,993
14,158,538

Jan
27,400,000
9,051,397
18,348,603
7,045,545
11,303,058

Feb
26,800,000
5,442,467
21,357,533
7,045,545
14,311,988

Mar
27,620,000
15,554,562
12,065,438
7,045,545
5,019,893

Apr
28,450,000
11,122,317
17,327,683
7,045,545
10,282,138

11,303,058

14,311,988

5,019,893

10,282,138

9,587,338

12,720,993

11,303,058

14,311,988

5,019,893

10,282,138

9,587,338

12,720,993

Aug
26,100,000
7,461,292
18,638,708
7,045,545
11,593,163

Sep
25,670,000
7,426,792
18,243,208
7,045,545
11,197,663

Oct
27,980,000
11,082,067
16,897,933
7,045,545
9,852,388

Nov
27,500,000
5,448,217
22,051,783
7,045,545
15,006,238

14,158,538

11,593,163

11,197,663

9,852,388

15,006,238

Dec
28,320,000
7,427,022
20,892,978
7,045,545
13,847,433
49,224,000
-35,376,567

14,158,538

11,593,163

11,197,663

9,852,388

15,006,238

-35,376,567

200
Expense Increased 15% Year 2015

Statement of Cash Flow

The Fame Co, Ltd.
For The Year Ened December 31, 2013
Period
OPERATION ACTIVITIES
Net income
Add (Sources of cash)
Depreciation
Increase in A/P
Subtract (Uses of cash)
Increase in A/R
Net cash provide by ops.
INVESTING ACTIVITIES
Investment in fixed assets
FINANCIING ACTIVITIES
Increase in notes payable
Increase long-term debt
Net cash from financing
NET CHANGE IN CASH
Plus: Cash at beginning of year
Cash at the end of year

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

11,303,058

14,311,988

5,019,893

10,282,138

9,587,338

12,720,993

14,158,538

11,593,163

11,197,663

9,852,388

15,006,238

-35,376,567

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545
-175,800,000

9,243,244
9,105,359

8,657,543
12,699,990

9,086,432
2,979,006

7,754,345
9,573,338

6,542,345
10,090,538

9,255,000
10,511,538

8,965,675
12,238,408

7,856,951
10,781,757

6,258,951
11,984,257

5,852,156
11,045,777

10,156,982
11,894,801

9,852,987
-213,984,009

1,758,545,530

93,646,830

93,032,830

648,830

575430

985,662

682,354

687,654

357,658

692,654

687,321

254,658

35,000,000
25,000,000
60,000,000
1,827,650,889

30,000,000
23,000,000
53,000,000
159,346,820
1,827,650,889
1,986,997,709

25,000,000
22,000,000
47,000,000
143,011,836
1,986,997,709
2,130,009,545

20,000,000
21,000,000
41,000,000
51,222,168
2,130,009,545
2,181,231,713

15,000,000
19,000,000
34,000,000
44,665,968
2,181,231,713
2,225,897,681

10,000,000
18,000,000
28,000,000
39,497,200
2,225,897,681
2,265,394,881

5,000,000
16,700,000
21,700,000
34,620,762
2,265,394,881
2,300,015,643

30,000,000
15,400,000
45,400,000
56,869,411
2,300,015,643
2,356,885,054

25,000,000
14,100,000
39,100,000
51,441,915
2,356,885,054
2,408,326,969

20,000,000
12,800,000
32,800,000
44,538,431
2,408,326,969
2,452,865,400

15,000,000
11,500,000
26,500,000
39,082,122
2,452,865,400
2,491,947,522

10,000,000
10,200,000
20,200,000
-193,529,351
2,491,947,522
2,298,418,171

1,827,650,889

201
Expense Increased 15% Year 2016

Sale
Other exp
EBITDA
Depre&Amort
EBIT
Interest exp
EBT
Taxes (30%)
Net inc.

Jan
32,130,000
9,051,397
23,078,603
7,045,545
16,033,058

Feb
31,550,000
5,442,467
26,107,533
7,045,545
19,061,988

Mar
32,050,000
15,554,562
16,495,438
7,045,545
9,449,893

Apr
33,700,000
11,122,317
22,577,683
7,045,545
15,532,138

Statement of Income
The Fame Co, Ltd.
For the Year End December
May
Jun
Jul
33,050,000 32,570,000 32,030,000
11,067,117
7,433,462
5,445,917
21,982,883 25,136,538 26,584,083
7,045,545
7,045,545
7,045,545
14,937,338 18,090,993 19,538,538

16,033,058

19,061,988

9,449,893

15,532,138

14,937,338

18,090,993

19,538,538

17,193,163

16,487,663

14,352,388

19,366,238

Dec
28,000,000
7,427,022
20,572,978
7,045,545
13,527,433
43,071,000
-29,543,567

16,033,058

19,061,988

9,449,893

15,532,138

14,937,338

18,090,993

19,538,538

17,193,163

16,487,663

14,352,388

19,366,238

-29,543,567

Aug
31,700,000
7,461,292
24,238,708
7,045,545
17,193,163

Sep
30,960,000
7,426,792
23,533,208
7,045,545
16,487,663

Oct
32,480,000
11,082,067
21,397,933
7,045,545
14,352,388

Nov
31,860,000
5,448,217
26,411,783
7,045,545
19,366,238

202
Expense Increased 15% Year 2016

Statement of Cash Flow

The Fame Co, Ltd.
For The Year Ened December 31, 2013
Period
OPERATION ACTIVITIES
Net income
Add (Sources of cash)
Depreciation
Increase in A/P
Subtract (Uses of cash)
Increase in A/R
Net cash provide by ops.
INVESTING ACTIVITIES
Investment in fixed assets
FINANCIING ACTIVITIES
Increase in notes payable
Increase long-term debt
Net cash from financing
NET CHANGE IN CASH
Plus: Cash at beginning of year
Cash at the end of year

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

16,033,058

19,061,988

9,449,893

15,532,138

14,937,338

18,090,993

19,538,538

17,193,163

16,487,663

14,352,388

19,366,238

-29,543,567

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545
-175,800,000

9,243,244
13,835,359

8,657,543
17,449,990

9,086,432
7,409,006

7,754,345
14,823,338

6,542,345
15,440,538

9,255,000
15,881,538

8,965,675
17,618,408

7,856,951
16,381,757

6,258,951
17,274,257

5,852,156
15,545,777

10,156,982
16,254,801

9,852,987
-208,151,009

1,758,545,530

93,646,830

93,032,830

648,830

575430

985,662

682,354

687,654

357,658

692,654

687,321

254,658

35,000,000
25,000,000
60,000,000
1,832,380,889

30,000,000
23,000,000
53,000,000
164,096,820
1,832,380,889
1,996,477,709

25,000,000
22,000,000
47,000,000
147,441,836
1,996,477,709
2,143,919,545

20,000,000
21,000,000
41,000,000
56,472,168
2,143,919,545
2,200,391,713

15,000,000
19,000,000
34,000,000
50,015,968
2,200,391,713
2,250,407,681

10,000,000
18,000,000
28,000,000
44,867,200
2,250,407,681
2,295,274,881

5,000,000
16,700,000
21,700,000
40,000,762
2,295,274,881
2,335,275,643

30,000,000
15,400,000
45,400,000
62,469,411
2,335,275,643
2,397,745,054

25,000,000
14,100,000
39,100,000
56,731,915
2,397,745,054
2,454,476,969

20,000,000
12,800,000
32,800,000
49,038,431
2,454,476,969
2,503,515,400

15,000,000
11,500,000
26,500,000
43,442,122
2,503,515,400
2,546,957,522

10,000,000
10,200,000
20,200,000
-187,696,351
2,546,957,522
2,359,261,171

1,832,380,889

203
Expense Increased 15% Year 2017

Sale
Other exp
EBITDA
Depre&Amort
EBIT
Interest exp
EBT
Taxes (30%)
Net inc.

Jan
37,350,000
9,051,397
28,298,603
7,045,545
21,253,058

Feb
36,500,000
5,442,467
31,057,533
7,045,545
24,011,988

Mar
37,500,000
15,554,562
21,945,438
7,045,545
14,899,893

Apr
38,680,000
11,122,317
27,557,683
7,045,545
20,512,138

Statement of Income
The Fame Co, Ltd.
For the Year End December
May
Jun
Jul
38,100,000
37,600,000
36,900,000
11,067,117
7,433,462
5,445,917
27,032,883
30,166,538
31,454,083
7,045,545
7,045,545
7,045,545
19,987,338
23,120,993
24,408,538

21,253,058

24,011,988

14,899,893

20,512,138

19,987,338

23,120,993

24,408,538

21,793,163

21,277,663

18,822,388

23,928,238

Dec
34,630,000
7,427,022
27,202,978
7,045,545
20,157,433
36,918,000.00
-16,760,567

21,253,058

24,011,988

14,899,893

20,512,138

19,987,338

23,120,993

24,408,538

21,793,163

21,277,663

18,822,388

23,928,238

-16,760,567

Aug
36,300,000
7,461,292
28,838,708
7,045,545
21,793,163

Sep
35,750,000
7,426,792
28,323,208
7,045,545
21,277,663

Oct
36,950,000
11,082,067
25,867,933
7,045,545
18,822,388

Nov
36,422,000
5,448,217
30,973,783
7,045,545
23,928,238

204
Expense Increased 15% Year 2017

Statement of Cash Flow

The Fame Co, Ltd.
For The Year Ened December 31, 2013
Period
OPERATION ACTIVITIES
Net income
Add (Sources of cash)
Depreciation
Increase in A/P
Subtract (Uses of cash)
Increase in A/R
Net cash provide by ops.

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

21,253,058

24,011,988

14,899,893

20,512,138

19,987,338

23,120,993

24,408,538

21,793,163

21,277,663

18,822,388

23,928,238

-16,760,567

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545

7,045,545
-175,800,000

9,243,244
19,055,359

8,657,543
22,399,990

9,086,432
12,859,006

7,754,345
19,803,338

6,542,345
20,490,538

9,255,000
20,911,538

8,965,675
22,488,408

7,856,951
20,981,757

6,258,951
22,064,257

5,852,156
20,015,777

10,156,982
20,816,801

9,852,987
-195,368,009

1,758,545,530

93,646,830

93,032,830

648,830

985,662

682,354

687,654

357,658

692,654

687,321

254,658

35,000,000
25,000,000
60,000,000
1,837,600,889

30,000,000
23,000,000
53,000,000
169,046,820
1,837,600,889
2,006,647,709

25,000,000
22,000,000
47,000,000
152,891,836
2,006,647,709
2,159,539,545

20,000,000
21,000,000
41,000,000
61,452,168
2,159,539,545
2,220,991,713

10,000,000
18,000,000
28,000,000
49,897,200
2,276,057,681
2,325,954,881

5,000,000
16,700,000
21,700,000
44,870,762
2,325,954,881
2,370,825,643

30,000,000
15,400,000
45,400,000
67,069,411
2,370,825,643
2,437,895,054

25,000,000
14,100,000
39,100,000
61,521,915
2,437,895,054
2,499,416,969

20,000,000
12,800,000
32,800,000
53,508,431
2,499,416,969
2,552,925,400

15,000,000
11,500,000
26,500,000
48,004,122
2,552,925,400
2,600,929,522

10,000,000
10,200,000
20,200,000
-174,913,351
2,600,929,522
2,426,016,171

INVESTING ACTIVITIES
Investment in fixed assets
FINANCIING ACTIVITIES
Increase in notes payable
Increase long-term debt
Net cash from financing
NET CHANGE IN CASH
Plus: Cash at beginning of year
Cash at the end of year

1,837,600,889

575,430.00

15,000,000
19,000,000
34,000,000
55,065,968
2,220,991,713
2,276,057,681

205

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209

By
5331207001 Nathamon

Chanklin

5331207022 Pornsawan

Hangvinit

5331207026 Petlada

Tongprom

5331207027 Pattharee

Vachiratanasit

5331207044 Suchitdaporn

Kosum

5331207046 Supassorn

Tansukatanon

5331207054 Arsa

Phanda

5331207055 Isaraphong

Malee

Project Feasibility Management 2012

School of Management
Mae Fah Luang University
Semester 2/2555