Statement of Projected Income Under the Hypothetical
Assumptions in Note A. Years Ending March 31, 1999 and
2000
For More Thorough & Completely Detailed Report, Please Contact Arcon
Energy, Inc.
REVENUE
1999
2000
Gallons Produced
227,600,000
738,600,000
Sales of Product
$270,375,000
$886,320,000
COST OF REVENUE
Feed Stock
151,203,577
438,612,605
Labor
551,580
1,434,108
151,755,157
485,046,713
GROSS PROFIT
118,619,843
401,273,287
GENERAL & ADMINISTRATIVE EXPENSES
Employee Benefits
90,660
235,716
Payroll Taxes
108,930
283,218
Maintenance
240,000
660,000
Testing Expenses
156,000
429,000
Telephone
12,000
12,000
Office Expenses
3,000
3,000
Rent
132,000
288,000
Insurance
24,000
66,000
Other G&A Expense
153,036
180,000
Depreciation
1,862,493
7,462,485
Interest
304,186
288,469
Royalty Fees
8,111,250
26,589,600
11,197,555
36,497,488
INCOME FROM OPERATIONS
107,422,288
364,775,799
PROVISION FOR INCOME TAXES
38,672,024
131,319,288
NET INCOME
$68,750,264
$233,456,511
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