Compagnie du Froid - Alternative Exhibits - Regis

Compagnie du Froid - Alternative Exhibits
Alternative Exhibit 1 Example of Standards for the 1996 Profit Plan
France Italy Spain
Standards
Percentage of volume from specialties 10% 10% 10%
Selling prices (in French Francs)
Ice-cream (per litre) 17.38 17.50 17.35
Specialties (per litre) 31.80 31.70 31.50
Manufacturing costs (in French Francs)
Dairy (per litre) 10.60 10.30 10.10
Other ingredients ice-cream (sugar, flavor, etc. per 100 grams) 6.10 5.90 6.00
Other ingredients specialties (sugar, flavor, etc. per 100 grams) 8.60 8.45 8.30
Labor (wage per hour) 41.50 39.10 35.40
Labor hours ice-cream (litres per hour) 125 100 125
Labor hours specialties (litres per hour) 15 15 15
Volume
Dairy ingredients - ice-cream (% of volume) 76% 80% 76%
Other ingredients - ice-cream (grams per litre) 50 55 50
Dairy ingredients - specialties (% of volume) 95% 98% 95%
Other ingredients - specialties (grams per litre) 74 74 74
All exhibits updated for 2010

Alternative Exhibit 2 French Region, 1996 Results
Compagnie du Froid - Alternative Exhibits
Volume
('000)
Actual Profit Plan Variance
French Francs
('000)
Volume
('000)
French Francs
('000)
Sales Data
Sales ice cream (volume in litres) 4,020 69,747 4,000 69,520 227 F
Sales ice cream to Spain (litres) 600 8,328 0 0 8,328 F
Sales "specialties" (litres) 410 13,243 450 14,310 1,067 U
Revenue from distribution 250 0 250 F
Total sales 5,030 91,568 4,450 83,830 7,738 F
Cost of Goods Sold
Cost ice-cream
Dairy ingredients (litres) 3,440 36,980 3,040 32,224 4,756 U
Other ingredients (100 gr.) 2,208 13,800 2,000 12,200 1,600 U
Labor (hours) 36.09 1,516 32.00 1,328 188 U
Cost "specialties"
Dairy ingredients (litres) 381 4,096 428 4,537 441 F
Other ingredients (100 gr.) 316 2,711 333 2,864 153 F
Labor (hours) 26.97 1,133 30.00 1,245 112 F
Contribution margin 31,332 29,432 1,900 F
Other costs
Supervision, energy, maint, … 9,072 8,611 461 U
Depreciation 1,823 1,823 0 F
Operating margin 20,437 18,998 1,439 F
Selling and Administrative Expenses
Delivery expenses 3,544 3,360 184 U
Depreciation of trucks 1,992 1,978 14 U
Selling expenses 4,448 4,210 238 U
Advertising 4,177 4,455 278 F
Administrative salaries and exp. 3,161 3,074 87 U
Allocated central office expenses 754 619 135 U
Profits Before Interest and Taxes 2,361 1,302 1,059 F
Identifiable Assets
Cash (average) 551 366 185 U
Accounts receivable (average) 2,474 2,266 208 U
Plant and Equipment
(net of Fr. 8,956,000 depreciation) 18,451 18,399 52 U
Total Identifiable Assets 21,476 21,031 445 U
Conditions for tourism
Average summer temperature 29.2 ˚C 29.8 ˚C

Alternative Exhibit 3 Italian Region, 1996 Results
Compagnie du Froid - Alternative Exhibits
Volume
('000)
Actual Profit Plan Variance
French Francs
('000)
Volume
('000)
French Francs
('000)
Sales Data
Sales ice cream (volume in litres) 2,430 42,622 2,400 42,000 622 F
Sales "specialties" (litres) 304 9,616 300 9,510 106 F
Total sales 2,734 52,238 2,700 51,510 728 F
Cost of Goods Sold
Cost ice-cream
Dairy ingredients (litres) 1,978 20,116 1,920 19,776 340 U
Other ingredients (100 gr.) 1,373 8,128 1,320 7,788 340 U
Labor (hours) 26.41 1,036 24.00 938 98 U
Cost "specialties"
Dairy ingredients (litres) 293 2,980 294 3,028 48 F
Other ingredients (100 gr.) 220 1,874 222 1,876 2 F
Labor (hours) 19.61 769 20.00 782 13 F
Contribution margin 17,335 17,322 13 F
Other costs
Supervision, energy, maint, … 4,431 4,459 28 F
Depreciation 427 427 0 F
Operating margin 12,477 12,436 41 F
Selling and Administrative Expenses
Delivery expenses 1,226 1,286 60 F
Depreciation of trucks 771 771 0 F
Selling expenses 1,342 1,227 115 U
Advertising 5,028 5,185 157 F
Administrative salaries and exp. 2,242 2,178 64 U
Rent 475 475 0 F
Allocated central office expenses 754 619 135 U
Profits Before Interest and Taxes 639 695 56 U
Identifiable Assets
Cash (average) 421 366 55 U
Accounts receivable (average) 1,393 1,470 77 F
Plant and Equipment
(net of Fr. 12,493,000 depreciation) 10,791 10,785 6 U
Total Identifiable Assets 12,605 12,621 16 F
Conditions for tourism
Average summer temperature 29.8 ˚C 29.7 ˚C

Alternative Exhibit 4 Spanish Region, 1996 Results
Compagnie du Froid - Alternative Exhibits
Volume
('000)
Actual Profit Plan Variance
French Francs
('000)
Volume
('000)
French Francs
('000)
Sales Data
Sales ice cream (volume in litres) 3,570 60,619 3,700 64,195 3,576 U
Sales "specialties" (litres) 383 12,022 400 12,600 578 U
Total sales 3,953 72,641 4,100 76,795 4,154 U
Cost of Goods Sold
Cost ice-cream
Dairy ingredients (litres) 2,308 23,034 2,812 28,401 5,367 F
Other ingredients (100 gr.) 1,518 9,108 1,850 11,100 1,992 F
Labor (hours) 25.17 891 29.60 1,048 157 F
Cost "specialties"
Dairy ingredients (litres) 355 3,543 380 3,838 295 F
Other ingredients (100 gr.) 267 2,216 296 2,457 241 F
Labor (hours) 24.87 880 26.67 944 64 F
Transfer from France 8,328 0 8,328 U
Contribution margin 24,641 29,088 4,447 U
Other costs
Supervision, energy, maint, … 8,455 8,375 80 U
Depreciation 1,526 1,526 0 F
Operating margin 14,660 19,187 4,527 U
Selling and Administrative Expenses
Delivery expenses 2,957 2,872 85 U
Depreciation of trucks 1,657 1,612 45 U
Subcontracted transportation 299 0 299 U
Selling expenses 3,067 3,228 161 F
Advertising 5,496 5,490 6 U
Administrative salaries and exp. 2,514 2,422 92 U
Rent 392 392 0 F
Allocated central office expenses 754 619 135 U
Profits Before Interest and Taxes (2,476) 2,552 5,028 U
Identifiable Assets
Cash (average) 381 366 15 U
Accounts receivable (average) 1,039 1,649 610 F
Plant and Equipment
(net of Fr. 6,516,000 depreciation) 18,883 18,599 284 U
Total Identifiable Assets 20,303 20,614 311 F
Conditions for tourism
Average summer temperature 28.5 ˚C 30.2 ˚C

Compagnie du Froid - Alternative Exhibits
Alternative Exhibit 5 1996 Ice-cream Transfers Betweeen France and Spain
Cost of
ingredients
Cost
per litre
Total
(in '000 Francs)
Volume transferred (in '000 litres) 600
Actual Costs (in French Francs)
Dairy Ingredients 10.75 8.00 4,800
Other Ingredients 6.25 2.99 1,794
Labor 0.33 0.33 198
Allocated fixed costs (in French Francs)
Other costs 1.48 888
Depreciation 0.30 180
S&A expenses 0.12 72
5% profit margin 0.66 396
Total transfer price 13.88 8,328