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AMIS Bulgaria 2006

AMIS Bulgaria 2006. Organizational and financial items. Sofia DC – financials 2005. Financial Report 2005 – breakdown of total cost of appr. 1,380K BGN/year for 20 people Labor direct :40% Labor related:16% Travel:9% Total labor related : 65% Office rent : 13 %

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AMIS Bulgaria 2006

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  1. AMIS Bulgaria 2006 Organizational and financial items

  2. Sofia DC – financials 2005 • Financial Report 2005 – breakdown of total cost of appr. 1,380K BGN/year for 20 people • Labor direct :40% • Labor related:16% • Travel:9% • Total labor related : 65% • Office rent : 13 % • Services, TMF , office, phone, Internet :15% • Depreciation : 7% • Investment –140K $ for Lab equipment

  3. Bulgaria – financials 2005 • Corporate taxes in 2006 for the employer: • Pension – 20,30% ( decreasing in 2007) • Overall health Ins. – 6,7% • Unemployment – 2,45% • Guarantee receivable fond – 0,5% • Total expense – 29,95% on gross salary • Profit tax- 15% • Corporate taxes in 2005 and 2006 • Profit tax– 15% • Corporate taxes in 2007 • Profit tax– 10%, lowest in EU • Employees taxes in 2006 • Income tax – 24% • Social Security- 6% • Pension- 0,5 or 6,5%

  4. Sofia DC - Headcount evolution

  5. Sofia DC- HRM break down 2006 • Team mix : • 3 digital, 12 analogue (1 student), 4 SW, 2 physical, 2 admin • Educational level : • 1 BsC; 19 MsC; 3 PhD, 2 in preparation • Male/female • 17 male, 6 female • Years of experience : • 0-2 years 3 • 3-6 years 13 • 6> years 7 • Age • 20 - 30 years 11 • 30 – 40 year 7 • 40 + 5

  6. Sofia DC – Advantages of being in Sofia • Stable economical and political environment, in 2007 member of EU, good connection with the authorities: • AMIS is considered as one of the best examples for investment and we are supported to solved different issues by agencies and ministers • Open new emerging and fast growing markets in the region without coverage by AMIS sales • Existence of a strong group in the academy of science in the field of medical electronics • Strong interest of companies for integration of their systems, almost a real customer FESTO, cont. growing industry • Qualified personnel: • Highly qualified SW and digital engineers, experienced analogue engineers • New governmental programs for support of the innovations are starting. 5M funding in 2005 and the interest from university and academy of science is high. • Because we are considered as strong , committed company, we are attracting the best students as internship students and even people from abroad • Cheaper suppliers for PCB and other services

  7. Bulgaria – political and economical situation • Economical BULGARIA PRIDES IN STABLE ECONOMIC GROWTH Bulgaria registered stable economic growth over the first three months of 2005 and expects to see even better results for the next three moths due to the additional pre - election expenses stimulating the consumption. A report of the Centre for Economic Development showed that the country's GDP in the first three months has gone up by 6% as compared to the previous year, thus registering a record high level. The report explained that the record level is due to the credit expansion, which resulted in increased consumption and boosted interior supply. Bulgaria's industry has marked a boost two times bigger than the one seen back in the first three months of 2004, the report reads. The industrial growth has excelled the services sector and the agriculture sector. The exports level is higher than the imports and should that tendency remain unchanged, the high foreign trade deficit, one of the main risks for Bulgaria's economy will be eliminated.

  8. Bulgaria – political and economical situation • Political status • Entry in Europe the most important goal • No government in 1 month after elections, second mandate given to ex PM for cabinet formation • Positives • No indications of real big internal problem • Europe – target Nr 1 • Excellent support from Agency for Foreign Investors • Negatives • Corruption • Crime • Infrastructure

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