DOH HOSPITAL PRE-FEASIBILITY STUDY 2011 OPERATIONAL DATA Bed Capacity Pay Service Total Occcupancy Rate Pay

Service Average Length of Stay Pay Service Average Room Rate Pay Service OP Consults ER Treatments (6 beds capacity; 50% utilizaton; alos 2 hours) 1 2

0%

0% 0% 0% -

0% 0% 0% -

FINANCIAL DATA (In million pesos) GROSS REVENUE QFS & DISCOUNTS OPERATING EXPENSES SUBSIDY NET INCOME after SUBSIDY NET CASH FLOW from operations CAPEX: new acquisitions

ECONOMIC & FINANCIAL Indicators: FIRR NPV Economic Benefits Ancillary Services utilization ratio Pay Service Average Room Rate Pay Service Days Cash on Hand

0% 0% 0% -

0% 0% 0% -

DOH HOSPITAL

GOVERNMENT SUBSIDY: Capital Outlay Infrastructure Hospital Equipment

PARAMETERS YOY rate increase YOY cost increase YOY volume increase OPERATIONAL DATA Bed Capacity Pay Service

ASSUMPTIONS

2011

Ave room rate

Pay Service % occupancy Pay Service Ancillary Services Ratio Pay Service In Patient Admissions Pay Service Average Length of Stay Pay Service IN-PATIENT REVENUE Room & Board Pay

Service Total Ancillary Services Pay Service Total TOTAL IP REVENUE OUT-PATIENT REVENUE Volume of OP consults Consultation Fees - service pt OP Ancillary services - service pt OP Revenue - service pt

YEAR 1 2 3 4 5 TOTAL DEPRECIATION per year

Cash Position Accounts Receivable Inventory Level Accounts Payable Bad Debt Expense Quantified Free Services & Discounts

DOH HOSPITAL

2011 REVENUE Room & Board Ancillary Services Out Patient revenue

QFS and discounts NET REVENUE EXPENSES Personnel Costs Depreciation Supplies Utilities Bad Debts Others Total Expenses NET INCOME FROM OPERATIONS % vs gross Interest Expense NET INCOME BEFORE TAX CORPORATE TAX (30%)

NET INCOME AFTER TAX

BALANCE SHEET PARAMETERS ASSETS Cash & Cash Equivalents Receviables

2011

Inventories Total Current Assets Property, Plant & Equipment, net of accum depreciation TOTAL ASSETS LIABILITIES Accounts Payable Total Current Liabilities Long Term Payables TOTAL LIABILITIES EQUITY TOTAL LIABILITIES & EQUITY -

CASH FLOW STATEMENT PARAMETERS Net Income after tax Add Depreciation Cash flow from Operations Changes in: Current Assets Current Liabilities Total Cash available for operations Acquisition of PPE Loan Proceeds Payments of Loans Dividend Payments Net Increase/Decrease in Cash Cash, beginning CASH, ending Days Cash on Hand

2011

Cash flow from Operations Acquisition of PPE

FIRR NPV

LOAN SCHEDULE Opening Balance Interest LOAN REPAYMENT Principal Interest Ending Balance

PARAMETERS Equity Component Loan Component Interest Rate (Loan) Cost of Equity Repayment Period (Year) WACC Tax Rate

Days Cash on Hand

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Collection Efficiency Inventory Days on Hand Payables Index Current Ratio Debt to Asset Ratio

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HOSPITAL CAPITAL EXPENDITURE: Proposed Modernization Plan

INFRASTRUCTURE

EQUIPMENT

New Building: 3/flr, 500 sqm/flr, 50 beds Renovation work: Electrical and plumbing works on old structure and road pavement for new site sub-total Contingency 10% INFRASTRUCTURE HOSPITAL EQUIPMENT TOTAL PROJECT COSTS FINANCING EQUITY (30%) LOAN (70%) TOTAL

HOSPITAL

ECONOMIC BENEFITS PARAMETERS 1 2

ECONOMIC BENEFITS COMPUTATION and ANALYSIS VALUE -