Conduct Valuation for FHL Subsidiaries - Property investments WORKING TEMPLATE FOR GROUPS Profit and Loss Projection for 5 Years 2016 2017 2018 2019 2020 CONSOLIDATED Year 1 Year 2 Year 3 Year 4 Year 5 Subscription Revenue Instalation Revenue Hardware Lease Revenue Projects & Other Revenue Total Revenue Cost of Bandwidth Cost of Hardware Cost of Projects Cost of VOIP Total Direct Costs Gross Profit Operating Expenses EBITDA Depreciation Amortization EBIT interest Net profit before tax Conduct Valuation for FHL Subsidiaries - Property investments WORKING TEMPLATE FOR GROUPS Profit and Loss Projection for 5 Years 2016 2017 2018 2019 2020 CONSOLIDATED Year 1 Year 2 Year 3 Year 4 Year 5 Subscription Revenue Instalation Revenue Hardware Lease Revenue Projects & Other Revenue Total Revenue Cost of Bandwidth Cost of Hardware Cost of Projects Cost of VOIP Total Direct Costs Gross Profit Operating Expenses EBITDA Depreciation Amortization EBIT interest Net profit before tax