Assumptions

Sales

Number of names registered

Year 1

Sunrise period

700,000

New

1,380,454

Renewal

0

Year 2

New

1,716,661

Renewal

0

Year 3

New

2,381,088

Renewal

965,591

Year 4

New

3,007,082

Renewal

1,287,496

Total-new

8,485,285

Total-renewal

2,253,086

Average length of registration period(years)

2

Price per year

$6

Renewal rate

75%

Cost of sales

Cost per year

see note

Assumed no costs which vary directly in proportion to sales,

except some technical labour cost ($5.5 million over 4 years), all other costs treated as operational

Per Register maybe able to put through some internet connectivity and

customer service costs, but immaterial in context of numbers.

Employees

Headcount

27

Employers NIC/employee incentive scheme

22%

Rent

Average space per employee (sqr ft)

200

Cost per square foot per month($)

3.50

Other expenses see ( Detail pl and Other Inputs)

All expenses and wages set to increase by

10%

per annum

Telecommunications

Average monthly long distance usage per employee (mins)

500

Average cost per minute ($)

0.25

Fixed cost per month($)

5,000

Corporation tax rate, paid 9 months

12.5%

Corporation taxonly becomes payable in Year 4, at which time the Irish Government

after year end (tbc)

have pledged to have corporation tax at 12.5%.. Taqx losses are not shown

as an asset prior to this date as there is no guarantee that the entity will become

profit making.

Equity

Initial capital injection

10,000,000

VAT paid quarterly at rate of

21.0%

on all sales and purchase, tbc

PAYE, paid monthly in arrears

40%

Cash from sales recd

50%

in month of sale

50%

in month 2

Creditors paid

70%

in month of purchase

30%

in month 2