DS9 Document EFTA01090673

CORE: 2009 Income Statement - Modified Cash Basis (1) (000's) Net Change In Members Revenue Membership - New Membership Renewals F&B Restaurant F&B Events Accomodations Wellness Revenue Sponsorships & Other Revenue Gross Revenue Founding Member Cr & Dscnts Other Discounts & Allowances Less Discounts & Allowances Net Revenue Membership Direct Expenses F&B Direct Costs Accomodations Direct Expenses Wellness Direct Expenses Sponsorships & Other Revenue Direct Expenses Membership Food & Beverage Accomodations Wellness Sponsorships & Other Revenue Discounts & Allowances Gross Profit %of Revenue Actual YTD (64) 2,455 4,365 1,627 1,552 342 1,117 147 11,605 (615) (615) 10,990 1,014 3,375 232 1,391 16 6,027 5,806 (196) 110 (273) 131 (615) 4,963 45.2% EFTA01090673 General & Admin Expenses (excl DeprlAmort) Payroll, Taxes & Benefits - Gross Less Charged to Direct Expenses GM Wages, Taxes & Benefits Bonuses (for all elig emplyees) Contract Labor GM Wages, Taxes & Benefits Occupancy Costs Professional Fees Other G&A Costs Total GM Costs Sales & Marketing Total SG&A Operating Profit! (Loss) %of Revenue Debt Forgiveness Restructuring Costs (One-Time Charge) Other IncomedExpense) DepreciafionfAmodization Property & Equipment Start up costs, net Trademark, net of accumulated amortization Loan acquisition costs, net of accumulated amortization Other Interest Income/(Evense) (2) Net Profit! (Loss) %of Revenue 4,723 (3,832 890 89 979 2.526 188 634 4,328 662 4.990 (27 -0.2% (125 (2 (2.064 (2.064 015 (2.334 -21.2% (1) All revenue and costs are recorded on an incurred (accrual) basis, except for membership fees. Membership fees (initiation fees and dues) are recorded in the month the member signs up or renews. Accordingly rent expense ($149K per month) is reflected each month, although payment is deferred until September. (2) Interest expense in 2008 is detailed as follows: bank $144K, RFR (landlord) $1,418K and FM's $2,425K. In 2009 only bank interest is shown. [Balance sheet and cash flow will reflect . . . EFTA01090674