Transcript Document

AMIS Bulgaria 2006
Organizational and financial
items
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Silicon Solutions for the Real World
Slide 1
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
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Silicon Solutions for the Real World
Slide 2
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
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Income tax – 24%
Social Security- 6%
Pension- 0,5 or 6,5%
Silicon Solutions for the Real World
Slide 3
Sofia DC - Headcount evolution
Actual vs Plan
25
20
15
10
9
7
5
7
5
0
Q1
2004
13
11
17
15
20
19
19
20
20
16
14
9
1
Q2
2004
Q3
2004
Q4
2004
Q1
2005
Q2
2005
Headcount evolution
Q3
2005
Q4
2005
Q1
2006
Actual
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Silicon Solutions for the Real World
Slide 4
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 +
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Silicon Solutions for the Real World
Slide 5
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
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Silicon Solutions for the Real World
Slide 6
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.
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Silicon Solutions for the Real World
Slide 7
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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Silicon Solutions for the Real World
Slide 8