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Formula for computing CAPITAL Vyaderm pharmaceuticals In $000 In $000 In $000 Net Operating Profit after Tax 1999 2000 2001 Net Income before Tax $20000

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Formula for computing \"CAPITAL" Vyaderm pharmaceuticals In $000 In $000 In $000 Net Operating Profit after Tax 1999 2000 2001 Net Income before Tax $20000 $51000 $27848 R 8.: D Expenses $20000 $39000 $27378 (RSzD Adjustment) ($14973) ($20638) ($23616) Advertising expenses $45 $50 $55 (Advertising Adjustment) ($41) ($46) ($50) Goodwill Amortization $2500 $2500 $2500 Net operating profit before taxes $27531 $71866 $341 15 (Taxes) ($7675) ($18725) ($10622) Net Operating profit after Tax $19656 $53141 $23493

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