Hi

TELFORD ENGINEERING P/L account:
		Menai $,000 P/L (before MEXIT)	Menai $,000 Actual P/L (one year after MEXIT under outsource option)
Sales		8,000	7,200
* Note: Exports to CETA based customers pre-MEXIT = 40% and the volume of these fell by 30% post-MEXIT
Costs	Production costs
Materials **	-2,000	-2,160
** Note: 50% of imports Pre-MEXIT are from CETA based suppliers
Staff costs	-1,500	-1,800
Overheads	-300	-300
Distribution costs
Staff costs	-600	-680
Other costs	-160	-160
Gen Admin costs
Staff costs	-900	-1,000
Other costs	-200	-200
Accounting costs *	-800	-700
Finance costs	-100	-100
Net profit	1,440	100
	Exchange rate: C$/M$	1.40	1.12