收益现值法评估表
企业名称： 上海柯斯软件股份有限公司
评估基准日：2015/3/31
资产评估结果汇总表（收益现值法）
评估基准日： 2015/3/31 表2-1企业名称：上海柯斯软件股份有限公司 金额单位:人民币万元
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|-|-|-|-|-|-|
|项 目||账面值|评估值|评估增减值|增减值率(%)|
|||A|B|C=B-A|D=C/A*100%|
|流动资产|1|7,188.29||||
|可供出售金融资产净额|2|||||
|持有至到期投资净额|3|||||
|长期股权投资净额|4|129.21||||
|长期应收款|5|||||
|投资性房地产|6|||||
|固定资产|7|630.79||||
|其中：建 筑 物|8|||||
|设 备|9|630.79||||
|工程物资|10|||||
|在建工程|11|24.19||||
|固定资产清理|12|||||
|生产性生物资产净额|13|||||
|油气资产净额|14|||||
|开发支出|15|||||
|商誉|16|||||
|无形资产净额|17|1,655.06||||
|长期待摊费用|18|159.57||||
|其他非流动资产|19|||||
|递延所得税资产|20|||||
|资产总计|21|9,787.11||||
|流动负债|22|11,302.75||||
|非流动负债|23|||||
|其中：递延所得税负债|24|||||
|负债总计|25|11,302.75||||
|净 资 产|26|-1,515.64|10,599.00|12,114.64|799.31|

评估机构：上海申威资产评估有限公司 项目负责人： 李芹
法定代表人：马丽华 签字注册资产评估师： 李芹 修雪嵩
收益现值法计算表表I-1近年利润表 共17页，第3页企业名称：上海柯斯软件股份评有估限基公准司日 2015/03/31
单位：万元
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|-|-|-|
|2013|2014||
|12,064.86|9,255.03||
|12,012.16|8,994.67||
|52.70|260.36||
|15,438.84|12,379.11||
|10,661.93|8,256.22|1,396.58|
|10,654.22|8,256.14||
|7.71|0.08||
|15.79|11.44||
|1,450.78|1,037.33||
|2,535.12|2,608.01||
|345.36|472.28||
|429.86|-6.17||
|-3,373.98|-3,124.09|-923.64|
|54.36|76.78||
|82.03|7.49||
|-3,401.65|-3,054.79||
|72.59|||
|-3,474.24|-3,054.79||
|-7745.04%|-12.07%||
|-3,474.24|-3,054.79||

收益现值法计算表 表I-3资产负债分析调整表 共17页，第4页企业名称：上海柯斯软件股份有限公司 评估基准日： 2015/03/31
单位：万元
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|-|-|-|-|-|-|-|-|-|-|
||项目\年份|2012|2013|2014|||2015年1-3月|||
|||账面值|账面值|账面值|其中：非经营性资产|经营性资产|账面值|其中：非经营性资产|经营性资产|
|1|一、流动资产合计|18,127.28|11,809.75|9,287.92|183.85|9,104.07|7,137.24|174.72|6,962.52|
|2|货币资金|6,600.65|2,642.32|1,036.03||1,036.03|326.65||326.65|
|3|交易性金融资产净额|0.00|0.00|0.00||0.00|0.00||0.00|
|4|应收票据|0.00|43.82|0.00||0.00|0.00||0.00|
|5|应收股利(应收利润)|0.00|0.00|0.00||0.00|0.00||0.00|
|6|应收利息|0.00|0.00|0.00||0.00|0.00||0.00|
|7|应收账款净额|8,514.13|6,619.26|4,928.04||4,928.04|3,994.52||3,994.52|
|8|其他应收款净额|334.00|267.73|183.85|183.85|0.00|174.72|174.72|0.00|
|9|预付帐款|68.82|144.11|385.67||385.67|323.30||323.30|
|10|应收补贴款|0.00|0.00|0.00||0.00|0.00||0.00|
|11|存货净额|2,609.68|2,006.10|2,638.38||2,638.38|2,283.48||2,283.48|
|12|待摊费用|||||0.00|0.00||0.00|
|13|一年内到期的非流动资产|||||0.00|0.00||0.00|
|14|其他流动资产||86.40|115.95||115.95|34.58||34.58|
|15|二、非流动资产合计|4,338.32|3,529.93|2,832.06|129.21|2,702.85|2,892.69|129.21|2,763.48|
|16|可供出售金融资产净额|||||0.00|||0.00|
|17|持有至到期投资净额|||||0.00|||0.00|
|18|长期股权投资净额|126.00|129.21|129.21|129.21|0.00|129.21|129.21|0.00|
|19|长期应收款|||||0.00|||0.00|
|20|投资性房地产|||||0.00|||0.00|
|21|固定资产|1,022.23|835.68|678.08||678.08|638.00||638.00|
|22|固定资产原价|2,653.46|2,629.10|2,593.47|||2,597.27||2,597.27|
|23|减：累计折旧|1,631.23|1,793.42|1,915.39|||1,959.28||1,959.28|
|24|固定资产净值|1,022.23|835.68|678.08||678.08|638.00||638.00|
|25|减：固定资产减值准备|||||0.00|||0.00|
|26|固定资产净额|1,022.23|835.68|678.08|0.00|678.08|638.00||638.00|
|27|工程物资||||||||0.00|
|28|在建工程||||||16.15||16.15|
|29|固定资产清理||||||||0.00|
|30|生产性生物资产净额||||||||0.00|
|31|油气资产净值||||||||0.00|
|32|开发支出|1,604.91|0.00|0.00||0.00|226.68||226.68|
|33|商誉|0.00|0.00|0.00||0.00|0.00||0.00|
|34|无形资产净额|1,209.71|2,328.90|1,790.29||1,790.29|1,655.06|0.00|1,655.06|
|35|长期待摊费用|312.51|236.14|234.48||234.48|227.59||227.59|

收益现值法计算表 表I-3资产负债分析调整表 共17页，第5页企业名称：上海柯斯软件股份有限公司 评估基准日： 2015/03/31
单位：万元
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|-|-|-|-|-|-|-|-|-|-|
||项目\年份|2012|2013|2014|||2015年1-3月|||
|||账面值|账面值|账面值|其中：非经营性资产|经营性资产|账面值|其中：非经营性资产|经营性资产|
|36|其他非流动资产|0.00|0.00|0.00||0.00|0.00||0.00|
|37|递延所得税资产|62.96|0.00|0.00||0.00|0.00||0.00|
|38|三、资产合计|22,465.60|15,339.67|12,119.98|313.06|11,806.92|10,029.93|303.94|9,726.00|
|39|四、流动负债合计|16,968.15|12,878.09|12,713.18|271.99|12,441.19|11,237.03|1,354.11|9,882.92|
|40|短期借款|5,550.00|6,490.00|7,500.00||7,500.00|5,500.00||5,500.00|
|41|交易性金融负债|0.00|0.00|0.00||0.00|0.00||0.00|
|42|应付票据|0.00|0.00|0.00||0.00|0.00||0.00|
|43|应付帐款|10,190.36|5,530.90|4,373.59||4,373.59|4,011.18||4,011.18|
|44|预收帐款|22.43|184.56|23.04||23.04|10.21||10.21|
|45|应付职工薪酬|406.33|480.02|449.96||449.96|278.15||278.15|
|46|应付利润（应付股利）|0.00|0.00|0.00||0.00|0.00||0.00|
|47|应交税费|721.37|4.35|5.60||5.60|4.71||4.71|
|48|应付利息|0.00|0.00|0.00||0.00|0.00||0.00|
|49|其他应付款|77.65|188.26|360.99|271.99|89.00|1,432.78|1,354.11|78.67|
|50|预提费用||||||||0.00|
|51|一年内到期的非流动负债||||||||0.00|
|52|其他流动负债||||||||0.00|
|53|五、非流动负债合计|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|54|长期借款|||||0.00|||0.00|
|55|应付债券|||||0.00|||0.00|
|56|长期应付款|||||0.00|||0.00|
|57|专项应付款|||||0.00|||0.00|
|58|预计负债|||||0.00|||0.00|
|59|其他非流动负债|||||0.00|||0.00|
|60|递延所得税负债|||||0.00|0.00||0.00|
|61|六、负债合计|16,968.15|12,878.09|12,713.18|271.99|12,441.19|11,237.03|1,354.11|9,882.92|
|62|七、净资产|5,497.45|2,461.59|-593.20|41.07|-634.27|-1,207.10|-1,050.18|-156.92|

收益现值法计算表 表I-5利润分析预测表 共17页，第6页企业名称：上海柯斯软件股份有限公司 评估基准日： 2015/03/31
单位：万元
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|-|-|-|-|-|-|-|-|-|-|-|-|
|序号|项目 \ 年份|2013|2014|2015年1-3月|2015全年|2016|2017|2018|2019|2020|2021年以后|
|1|主营业务收入|12,012.16|8,994.67|1,462.78|14,640.00|21,129.00|27,913.00|32,730.00|34,927.00|36,814.00|36,814.00|
|2|增长率|-42.29%|-25.12%|-34.95%|62.76%|44.32%|32.11%|17.26%|6.71%|5.40%|0.00%|
|3|其中：传统SIM|5,640.07|2,064.26|199.00|1,650.00|1,600.00|1,550.00|1,500.00|1,460.00|1,420.00|1,420.00|
|4|增长率|-34.97%|-63.40%|-61.44%|-20.00%|-3.00%|-3.00%|-3.00%|-3.00%|-3.00%||
|5|出口SIM|379.41|280.59|46.00|505.00|732.00|915.00|1,052.00|1,105.00|1,160.00|1,160.00|
|6|增长率|-14.10%|-26.05%|-34.42%|80.00%|45.00%|25.00%|15.00%|5.00%|5.00%||
|7|通讯支付类SIM|5,250.02|4,738.11|542.00|7,581.00|10,992.00|14,290.00|16,434.00|17,420.00|18,291.00|18,291.00|
|8|增长率|-49.11%|-9.75%|-54.24%|60.00%|45.00%|30.00%|15.00%|6.00%|5.00%||
|9|模块|324.31|601.51|175.00|1,500.00|2,250.00|2,925.00|3,510.00|3,861.00|4,170.00|4,170.00|
|10|增长率|-73.90%|85.47%|16.37%|150.00%|50.00%|30.00%|20.00%|10.00%|8.00%||
|11|M2M||647.63|251.00|1,943.00|2,915.00|3,644.00|4,191.00|4,610.00|4,979.00|4,979.00|
|12|增长率|||55.03%|200.00%|50.00%|25.00%|15.00%|10.00%|8.00%||
|13|银行卡|||48.00|300.00|900.00|1,980.00|2,970.00|3,208.00|3,368.00|3,368.00|
|14|增长率|||||200.00%|120.00%|50.00%|8.00%|5.00%||
|15|健康、社保卡|-|-|149.00|300.00|750.00|1,500.00|1,875.00|1,969.00|2,067.00|2,067.00|
|16|增长率|||||150.00%|100.00%|25.00%|5.00%|5.00%||
|17|其他|418.35|662.57|52.78|861.00|990.00|1,109.00|1,198.00|1,294.00|1,359.00|1,359.00|
|18|增长率|194.92%|58.38%|-68.14%|30.00%|15.00%|12.00%|8.00%|8.00%|5.00%||
|1|其他业务收入|52.70|260.36|20.00|200.00|300.00|400.00|500.00|600.00|600.00|600.00|

收益现值法计算表 表I-5利润分析预测表 共17页，第7页企业名称：上海柯斯软件股份有限公司 评估基准日： 2015/03/31
单位：万元
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|-|-|-|-|-|-|-|-|-|-|-|-|
|序号|项目 \ 年份|2013|2014|2015年1-3月|2015全年|2016|2017|2018|2019|2020|2021年以后|
|2|占主营业务收入比例|0.44%|2.89%|1.37%|1.37%|||||||
|3|其中：软件开发、测试|39.65|260.36|20.00|200.00|300.00|400.00|500.00|600.00|600.00|600.00|
|4|增加额|-94.20%|556.65%|||100.00|100.00|100.00|100.00|-||
||其他（材料）|13.05||||||||||
||附注：|||||||||||
|1|主营业务成本|10,654.22|8,256.14|1,396.58|11,646.00|16,721.04|22,167.90|25,900.70|27,609.58|29,065.03|29,065.03|
|2|毛利率|11.30%|8.21%|4.53%|20.45%|20.86%|20.58%|20.87%|20.95%|21.05%|21.05%|
|3|其中：传统SIM|5,569.43|2,165.32|286.00|1,633.50|1,584.00|1,534.50|1,485.00|1,445.40|1,405.80|1,405.80|
|4|占收入比例|98.75%|104.90%|143.72%|99.00%|99.00%|99.00%|99.00%|99.00%|99.00%|99.00%|
|5|出口SIM|166.12|103.25|24.00|212.10|307.44|384.30|441.84|464.10|487.20|487.20|
|6|占收入比例|43.78%|36.80%|52.17%|42.00%|42.00%|42.00%|42.00%|42.00%|42.00%|42.00%|
|7|通讯支付类SIM|4,338.08|4,483.98|531.00|6,064.80|8,793.60|11,432.00|12,982.86|13,761.80|14,449.89|14,449.89|
|8|占收入比例|82.63%|94.64%|97.97%|80.00%|80.00%|80.00%|79.00%|79.00%|79.00%|79.00%|
|9|模块|255.34|556.65|162.00|1,350.00|2,025.00|2,632.50|3,159.00|3,474.90|3,753.00|3,753.00|
|10|占收入比例|78.73%|92.54%|92.57%|90.00%|90.00%|90.00%|90.00%|90.00%|90.00%|90.00%|
|11|M2M||407.75|155.00|1,165.80|1,749.00|2,186.40|2,514.60|2,766.00|2,987.40|2,987.40|
|12|占收入比例||62.96%|61.75%|60.00%|60.00%|60.00%|60.00%|60.00%|60.00%|60.00%|
|13|银行卡|||53.00|285.00|855.00|1,881.00|2,821.50|3,047.60|3,199.60|3,199.60|
|14|占收入比例|||110.42%|95.00%|95.00%|95.00%|95.00%|95.00%|95.00%|95.00%|

收益现值法计算表 表I-5利润分析预测表 共17页，第8页企业名称：上海柯斯软件股份有限公司 评估基准日： 2015/03/31
单位：万元
|||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|
|序号|项目 \ 年份|2013|2014|2015年1-3月|2015全年|2016|2017|2018|2019|2020|2021年以后|
|15|健康、社保卡|||151.00|246.00|615.00|1,230.00|1,537.50|1,614.58|1,694.94|1,694.94|
|16|占收入比例|||101.34%|82.00%|82.00%|82.00%|82.00%|82.00%|82.00%|82.00%|
|17|其他|325.25|539.19|34.58|688.80|792.00|887.20|958.40|1,035.20|1,087.20|1,087.20|
|18|占收入比例|77.75%|81.38%|65.52%|80.00%|80.00%|80.00%|80.00%|80.00%|80.00%|80.00%|
|1|其他业务成本|7.71|0.08|0.00|0.00|||||||
||占其他业务收入比例|14.63%|0.03%|0.00%||||||||
||其中：其他（材料）|7.71|0.08|0.00||||||||
|1|营业税金及附加|15.79|11.44|1.67|19.03|27.47|36.29|42.55|45.41|47.86|47.86|
|2|占营业收入比例|0.13%|0.13%|0.11%|0.13%|0.13%|0.13%|0.13%|0.13%|0.13%|0.13%|
|1|营业费用|1,450.78|1,037.33|200.10|1,173.44|1,271.21|1,463.00|1,547.36|1,617.66|1,678.05|1,678.05|
|2|占营业收入比例|12.08%|11.53%|13.68%|8.02%|6.02%|5.24%|4.73%|4.63%|4.56%|4.56%|
|3|其中：职工薪酬|382.55|274.34|46.00|292.80|316.94|418.70|490.95|523.91|552.21|552.21|
|4|占收入比例|3.18%|3.05%|3.14%|2.00%|1.50%|1.50%|1.50%|1.50%|1.50%|1.50%|
|5|运输装卸费|226.07|106.31|19.00|146.40|169.03|223.30|229.11|244.49|257.70|257.70|
|6|占收入比例|1.88%|1.18%|1.30%|1.00%|0.80%|0.80%|0.70%|0.70%|0.70%|0.70%|
|7|测试费|151.65|294.30|71.00|300.00|300.00|300.00|300.00|300.00|300.00|300.00|
|8|差旅费|174.67|151.22|22.00|200.00|200.00|200.00|200.00|200.00|200.00|200.00|
|9|业务招待费|67.93|75.77|21.00|87.84|95.08|97.70|98.19|104.78|110.44|110.44|
|10|占收入比例|0.57%|0.84%|1.44%|0.60%|0.45%|0.35%|0.30%|0.30%|0.30%|0.30%|

收益现值法计算表 表I-5利润分析预测表 共17页，第9页企业名称：上海柯斯软件股份有限公司 评估基准日： 2015/03/31
单位：万元
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|-|-|-|-|-|-|-|-|-|-|-|-|
|序号|项目 \ 年份|2013|2014|2015年1-3月|2015全年|2016|2017|2018|2019|2020|2021年以后|
|11|其他费用|447.91|135.39|21.10|146.40|190.16|223.30|229.11|244.49|257.70|257.70|
|12|占收入比例|3.73%|1.51%|1.44%|1.00%|0.90%|0.80%|0.70%|0.70%|0.70%|0.70%|
|1|管理费用|2,535.12|2,608.01|699.39|1,738.36|1,975.47|2,161.62|2,380.87|2,587.19|2,655.61|2,656.61|
|2|占营业收入比例|21.10%|29.00%|47.81%|11.87%|9.35%|7.74%|7.27%|7.41%|7.21%|7.22%|
|3|其中：职工薪酬|592.94|629.86|348.66|661.35|694.42|729.14|765.60|803.88|844.07|844.07|
|4|年增长率|5.90%|6.23%||5.00%|5.00%|5.00%|5.00%|5.00%|5.00%|5.00%|
|5|折旧费用|37.05|35.24|6.19|35.00|35.00|35.00|35.00|35.00|35.00|35.00|
|6|通讯费|62.22|79.31|0.37|73.20|105.65|83.74|98.19|104.78|110.44|110.44|
|7|占收入比例|0.52%|0.88%|0.03%|0.50%|0.50%|0.30%|0.30%|0.30%|0.30%|0.30%|
|8|业务招待费用|13.31|4.63|3.30|14.64|21.13|27.91|32.73|34.93|36.81|36.81|
|9|占收入比例|0.11%|0.05%|0.23%|0.10%|0.10%|0.10%|0.10%|0.10%|0.10%|0.10%|
|10|差旅费|23.50|27.57|6.92|29.28|42.26|55.83|65.46|69.85|73.63|73.63|
|11|占收入比例|0.20%|0.31%|0.47%|0.20%|0.20%|0.20%|0.20%|0.20%|0.20%|0.20%|
|12|测试费|4.50|41.67|8.56|60.00|60.00|60.00|60.00|60.00|60.00|60.00|
|13|租赁费用|110.37|161.97|48.30|173.31|185.44|198.42|212.31|227.17|243.07|243.07|
|14|年增长率||||7.00%|7.00%|7.00%|7.00%|7.00%|7.00%|7.00%|
|15|摊销|375.09|542.06|135.23|591.58|731.58|871.58|1,011.58|1,151.58|1,151.58|1,151.58|
|17|研发支出|1,243.65|1,058.42|||||||||
|18||10.35%|11.77%|0.00%|0.00%|0.00%|0.00%|0.00%|0.00%|0.00%|0.00%|

收益现值法计算表 表I-5利润分析预测表 共17页，第10页企业名称：上海柯斯软件股份有限公司 评估基准日： 2015/03/31
单位：万元
|||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|
|序号|项目 \ 年份|2013|2014|2015年1-3月|2015全年|2016|2017|2018|2019|2020|2021年以后|
|19|其他费用|72.49|27.28|141.86|100.00|100.00|100.00|100.00|100.00|101.00|102.00|
|1|财务费用|345.36|472.28|104.48|287.17|281.00|281.00|281.00|281.00|281.00|281.00|
|2|其中：汇兑损益|4.85|6.99|7.73|7.73|0.00|0.00|0.00|0.00|0.00|0.00|
|3|利息收入|-21.86|-9.14|-2.57|-2.57|0.00|0.00|0.00|0.00|0.00|0.00|
|5|利息支出|358.09|466.47|98.31|281.00|281.00|281.00|281.00|281.00|281.00|281.00|
|6|付息债务|6,490.00|7,500.00|5,500.00|5,500.00|5,500.00|5,500.00|5,500.00|5,500.00|5,500.00|5,500.00|
|7|手续费|4.28|7.96|1.01|1.01|0.00|0.00|0.00|0.00|0.00|0.00|
|1|资产减值损失|429.86|-6.17|4.21|4.21|0.00|0.00|0.00|0.00|0.00|0.00|
|2|公允价值变动|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|1|营业外收入|54.36|76.78|1.21|1.21|0.00|0.00|0.00|0.00|0.00|0.00|
|2|其中：财政补贴|||||||||||
|3|占上年的所得税比例|||||||||||
|4|处置固定资产收入等|||||||||||
|1|营业外支出|82.03|7.49|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|

收益现值法计算表表I-6所得税和净利润预测表 共17页，第11页企业名称：上海柯斯软件股份有限公司 评估基准日： 2015/03/31
单位：万元
|||||||||
|-|-|-|-|-|-|-|-|
|项目 \ 年份|2015全年|2016|2017|2018|2019|2020|2021年以后|
|一、营业总收入|14,840.00|21,429.00|28,313.00|33,230.00|35,527.00|37,414.00|37,414.00|
|其中：主营业务收入|14,640.00|21,129.00|27,913.00|32,730.00|34,927.00|36,814.00|36,814.00|
|其他业务收入|200.00|300.00|400.00|500.00|600.00|600.00|600.00|
|二、营业总成本|14,868.22|20,276.19|26,109.81|30,152.48|32,140.84|33,727.55|33,728.55|
|其中:营业成本|11,646.00|16,721.04|22,167.90|25,900.70|27,609.58|29,065.03|29,065.03|
|其中：主营业务成本|11,646.00|16,721.04|22,167.90|25,900.70|27,609.58|29,065.03|29,065.03|
|其他业务成本|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|营业税金及附加|19.03|27.47|36.29|42.55|45.41|47.86|47.86|
|营业费用|1,173.44|1,271.21|1,463.00|1,547.36|1,617.66|1,678.05|1,678.05|
|管理费用|1,738.36|1,975.47|2,161.62|2,380.87|2,587.19|2,655.61|2,656.61|
|财务费用|287.17|281.00|281.00|281.00|281.00|281.00|281.00|
|资产减值损失|4.21|0.00|0.00|0.00|0.00|0.00|0.00|
|其他||||||||
|加：公允价值变动收益|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|投资收益|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|三、营业利润|-28.22|1,152.81|2,203.19|3,077.52|3,386.16|3,686.45|3,685.45|
|加：营业外收入|1.21|0.00|0.00|0.00|0.00|0.00|0.00|
|减：营业外支出|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|四、利润总额|-27.01|1,152.81|2,203.19|3,077.52|3,386.16|3,686.45|3,685.45|
|减：免税收入||||||||
|已纳税的投资收益||||||||
|可弥补的历年亏损部分||||||||
|加：业务招待费调整|41.00|46.00|50.00|52.00|56.00|59.00|59.00|
|其他调整金额||||||||
|所得税税率|15.00%|15.00%|15.00%|15.00%|15.00%|15.00%|15.00%|
|五、所得税|0.00|0.00|0.00|0.00|516.00|562.00|562.00|
|六、净利润|-27.01|1,152.81|2,203.19|3,077.52|2,870.16|3,124.45|3,123.45|
|净利润增长率|-99.12%|-4368.42%|91.11%|39.68%|-6.74%|8.86%|-0.03%|
|其中：少数股东损益|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|占总利润比例||||||||
|七、归属于母公司损益|-27.01|1,152.81|2,203.19|3,077.52|2,870.16|3,124.45|3,123.45|

收益现值法计算表表I-7折旧摊销和资本性支出计算表 共17页第12页企业名称：上海柯斯软件股份有限公司 评估基准日 2015/03/31
一、因产能扩张而需要增加投入的资本性支出
|||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|
|序号|项目 \ 年份|占收入比例|2014|2015年1-3月|2015年末|2016|2017|2018|2019|2020|2021年及以后|
|4|新增固定资产投入||0.00|16.15|300.00|400.00|200.00|200.00|0.00|0.00|0.00|
|5|其中：房屋建筑物类|万元||0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|6|设备类|万元||16.15|300.00|400.00|200.00|200.00|0.00|0.00|0.00|
|11|新增摊销支出||0.00|226.68|700.00|700.00|700.00|700.00|0.00|0.00|0.00|
|12|房产部分|万元|||0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|13|土地部分|万元|||0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|14|技术部分|万元||226.68|700.00|700.00|700.00|700.00|0.00|0.00|0.00|
|15|基准年已增加的资本投入|||242.84||||||||
|16|新增资本支出小计||||757.16|1,100.00|900.00|900.00|0.00|0.00|0.00|

附注：新增资本原则上根据企业预算。
二、因保持永续经营而需要更新的资本性支出
|||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|
|序号|项目 \ 年份|平均折旧和摊销年限|2014|2015年1-3月|2015年末|2016|2017|2018|2019|2020|2021年及以后|
|1|当期折旧总额||189.80|130.00|519.00|579.00|659.00|699.00|739.00|739.00|739.00|
|2|房屋建筑物类|50|||0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|3|资本性支出比例||||100.00%|100.00%|100.00%|100.00%|100.00%|100.00%|100.00%|
|4|设备类|5.00|189.80|130.00|519.00|579.00|659.00|699.00|739.00|739.00|739.00|
|5|资本性支出比例||||100.00%|100.00%|100.00%|100.00%|100.00%|100.00%|100.00%|
|6|固定资产资本性支出||||389.00|579.00|659.00|699.00|739.00|739.00|739.00|
|7|当期摊销总额||626.51|167.44|674.58|814.58|954.58|1,094.58|1,234.58|1,234.58|1,234.58|
|8|其中：房屋部分|5|84.45|21.00|83.00|83.00|83.00|83.00|83.00|83.00|83.00|
|9|土地部分|50|||0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|10|技术部分|5|542.06|146.44|591.58|731.58|871.58|1,011.58|1,151.58|1,151.58|1,151.58|
|11|支出比例||||100.00%|100.00%|100.00%|100.00%|100.00%|100.00%|100.00%|
|12|摊销资产资本性支出||||507.14|814.58|954.58|1,094.58|1,234.58|1,234.58|1,234.58|
|13|保持资本支出小计||||896.14|1,393.58|1,613.58|1,793.58|1,973.58|1,973.58|1,973.58|
|14|资本性支出合计||||1,653.30|2,493.58|2,513.58|2,693.58|1,973.58|1,973.58|1,973.58|

收益现值法计算表表I-8运营现金和溢余资产计算表 共17页，第13页企业名称：上海柯斯软件股份有限公司 评估基准日： 2015/03/31
||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|
|项目|2014|2015年1-3月|2015全年|2016|2017|2018|2019|2020|2021年及以后|备注|
||12,385.29|2,402.21|14,864.00|20,276.19|26,109.81|30,152.48|32,656.84|34,289.55|34,290.55||
||8,256.22|1,396.58|11,646.00|16,721.04|22,167.90|25,900.70|27,609.58|29,065.03|29,065.03||
||11.44|1.67|19.03|27.47|36.29|42.55|45.41|47.86|47.86||
||1,037.33|200.10|1,173.44|1,271.21|1,463.00|1,547.36|1,617.66|1,678.05|1,678.05||
||2,608.01|699.39|1,738.36|1,975.47|2,161.62|2,380.87|2,587.19|2,655.61|2,656.61||
||472.28|104.48|287.17|281.00|281.00|281.00|281.00|281.00|281.00||
||0.00|0.00|0.00|0.00|0.00|0.00|516.00|562.00|562.00||
||816.31|297.44|1,193.58|1,393.58|1,613.58|1,793.58|1,973.58|1,973.58|1,973.58||
||189.80|130.00|519.00|579.00|659.00|699.00|739.00|739.00|739.00||
||626.51|167.44|674.58|814.58|954.58|1,094.58|1,234.58|1,234.58|1,234.58||
||11,568.98|2,104.77|13,670.42|18,882.61|24,496.23|28,358.90|30,683.26|32,315.97|32,316.97||
||1,036.03|326.65|||||||||
||964.00|702.00|1,139.00|1,574.00|2,041.00|2,363.00|2,557.00|2,693.00|2,693.00||
||1.00|1.00|1.00|1.00|1.00|1.00|1.00|1.00|1.00||
||964.00|702.00|1,139.00|1,574.00|2,041.00|2,363.00|2,557.00|2,693.00|2,693.00||
||72.03|0.00|||||||||

收益现值法计算表表I-9运营资本计算表 共17页，第14页企业名称：上海柯斯软件股份有限公司 评估基准日： 2015/03/31
运营资本变动
|||||||||||
|-|-|-|-|-|-|-|-|-|-|
|||2015年末|2016|2017|2018|2019|2020|2021年以后|备注|
|1|运营现金|1,139.00|1,574.00|2,041.00|2,363.00|2,557.00|2,693.00|2,693.00||
|2|应收票据|0.00|0.00|0.00|0.00|0.00|0.00|0.00||
|3|应收账款|2,182.00|3,151.00|4,164.00|4,887.00|5,225.00|5,502.00|5,502.00||
|4|经营性其他应收款|0.00|0.00|0.00|0.00|0.00|0.00|0.00||
|5|预付账款|544.00|781.00|1,036.00|1,210.00|1,290.00|1,358.00|1,358.00||
|6|存货|4,199.00|6,030.00|7,994.00|9,340.00|9,956.00|10,481.00|10,481.00||
|7|其他的经营性资产|0.00|0.00|0.00|0.00|0.00|0.00|0.00||
|8|应付票据|0.00|0.00|0.00|0.00|0.00|0.00|0.00||
|9|应付账款|2,994.00|4,298.00|5,699.00|6,658.00|7,098.00|7,472.00|7,472.00||
|10|预收账款|30.00|44.00|58.00|68.00|72.00|76.00|76.00||
|11|应付职工薪酬|607.00|871.00|1,155.00|1,350.00|1,439.00|1,514.00|1,514.00||
|12|应交税费|10.00|15.00|19.00|23.00|24.00|26.00|26.00||
|13|经营性其他应付款|142.00|204.00|271.00|316.00|337.00|355.00|355.00||
|14|其他的经营性负债|0.00|0.00|0.00|0.00|0.00|0.00|0.00||
|2|其余资产负债净额|3,142.00|4,530.00|5,992.00|7,022.00|7,501.00|7,898.00|7,898.00||
|15|期末营运资本|4,281.00|6,104.00|8,033.00|9,385.00|10,058.00|10,591.00|10,591.00||
|16|运营资本增加|1,735.98|1,823.00|1,929.00|1,352.00|673.00|533.00|0.00||

收益现值法计算表表I-11非经营性资产评估表
企业名称：上海柯斯软件股份有限公司评估基准日 2015/03/31
||||||
|-|-|-|-|-|
|资产编号|科目名称|内容|账面价值|评估价值|
|溢余资产|货币资金|货币资金|0.00|0.00|
|溢余资产小计|||0.00|0.00|
|非经营性资产|其他应收款|非经营性往来|174.72|174.72|
||固定资产|房屋建筑物|||
||长期股权投资|1家长期投资|129.21|201.53|
||无形资产_土地|土地使用权|||
||固定资产|机器设备|||
||非经营性资产小计||303.94|376.25|
|非经营性负债|应付股利|应付股东|0.00|0.00|
||其他应付款|非经营性往来|1,354.11|1,354.11|
||长期应付款||0.00|0.00|
||应付利息||0.00||
||非经营性负债小计||1,354.11|1,354.11|
|非经营性资产、负债净值|||-1,050.18|-977.86|
|溢余资产和非经营性资产净值合计|||-1,050.18|-977.86|

收益现值法计算表表I-12评估值计算表 共17页，第16页企业名称：上海柯斯软件股份有限公司 评估基准日： 2015/03/31
单位：万元
|||||||||
|-|-|-|-|-|-|-|-|
|项目 \ 年份|2015全年|2016|2017|2018|2019|2020|2021年及以后|
|一、营业总收入|14,840.00|21,429.00|28,313.00|33,230.00|35,527.00|37,414.00|37,414.00|
|其中：主营业务收入|14,640.00|21,129.00|27,913.00|32,730.00|34,927.00|36,814.00|36,814.00|
|其中：传统SIM|1,650.00|1,600.00|1,550.00|1,500.00|1,460.00|1,420.00|1,420.00|
|出口SIM|505.00|732.00|915.00|1,052.00|1,105.00|1,160.00|1,160.00|
|通讯支付类SIM|7,581.00|10,992.00|14,290.00|16,434.00|17,420.00|18,291.00|18,291.00|
|模块|1,500.00|2,250.00|2,925.00|3,510.00|3,861.00|4,170.00|4,170.00|
|M2M|1,943.00|2,915.00|3,644.00|4,191.00|4,610.00|4,979.00|4,979.00|
|银行卡|300.00|900.00|1,980.00|2,970.00|3,208.00|3,368.00|3,368.00|
|健康、社保卡|300.00|750.00|1,500.00|1,875.00|1,969.00|2,067.00|2,067.00|
|其他|861.00|990.00|1,109.00|1,198.00|1,294.00|1,359.00|1,359.00|
|其中：其他业务收入|200.00|300.00|400.00|500.00|600.00|600.00|600.00|
|其中：软件开发、测试|200.00|300.00|400.00|500.00|600.00|600.00|600.00|
|二、营业总成本|14,868.22|20,276.19|26,109.81|30,152.48|32,140.84|33,727.55|33,728.55|
|其中：营业成本|11,646.00|16,721.04|22,167.90|25,900.70|27,609.58|29,065.03|29,065.03|
|其中：传统SIM|1,633.50|1,584.00|1,534.50|1,485.00|1,445.40|1,405.80|1,405.80|
|出口SIM|212.10|307.44|384.30|441.84|464.10|487.20|487.20|
|通讯支付类SIM|6,064.80|8,793.60|11,432.00|12,982.86|13,761.80|14,449.89|14,449.89|
|模块|1,350.00|2,025.00|2,632.50|3,159.00|3,474.90|3,753.00|3,753.00|
|M2M|1,165.80|1,749.00|2,186.40|2,514.60|2,766.00|2,987.40|2,987.40|
|银行卡|285.00|855.00|1,881.00|2,821.50|3,047.60|3,199.60|3,199.60|
|健康、社保卡|246.00|615.00|1,230.00|1,537.50|1,614.58|1,694.94|1,694.94|
|其他|688.80|792.00|887.20|958.40|1,035.20|1,087.20|1,087.20|
|营业税金及附加|19.03|27.47|36.29|42.55|45.41|47.86|47.86|
|营业费用|1,173.44|1,271.21|1,463.00|1,547.36|1,617.66|1,678.05|1,678.05|
|管理费用|1,738.36|1,975.47|2,161.62|2,380.87|2,587.19|2,655.61|2,656.61|
|财务费用|287.17|281.00|281.00|281.00|281.00|281.00|281.00|
|资产减值损失|4.21|0.00|0.00|0.00|0.00|0.00|0.00|
|其他|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|加：公允价值变动收益|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|投资收益|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|三、营业利润|-28.22|1,152.81|2,203.19|3,077.52|3,386.16|3,686.45|3,685.45|
|四、利润总额|-27.01|1,152.81|2,203.19|3,077.52|3,386.16|3,686.45|3,685.45|
|五、净利润|-27.01|1,152.81|2,203.19|3,077.52|2,870.16|3,124.45|3,123.45|

收益现值法计算表表I-12评估值计算表 共17页，第17页企业名称：上海柯斯软件股份有限公司 评估基准日： 2015/03/31
单位：万元
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|-|-|-|-|-|-|-|-|
|项目 \ 年份|2015全年|2016|2017|2018|2019|2020|2021年及以后|
|六、归属于母公司损益|-27.01|1,152.81|2,203.19|3,077.52|2,870.16|3,124.45|3,123.45|
|其中：基准日已实现母公司净利润|-922.44|||||||
|加：折旧和摊销|896.14|1,393.58|1,613.58|1,793.58|1,973.58|1,973.58|1,973.58|
|减：资本性支出|1,653.30|2,493.58|2,513.58|2,693.58|1,973.58|1,973.58|1,973.58|
|减：营运资本增加|1,735.98|1,823.00|1,929.00|1,352.00|673.00|533.00|0.00|
|六、股权自由现金流|-1,597.71|-1,770.19|-625.81|825.52|2,197.16|2,591.45|3,123.45|
|加：新增贷款||||||||
|加：税后的付息债务利息|155.30|238.90|238.90|238.90|238.90|238.90|238.90|
|减：贷款偿还||||||||
|七、股权自由净现金流|-1,442.41|-1,531.29|-386.91|1,064.42|2,436.06|2,830.35|3,362.35|
|折现率|11.22%|11.22%|11.22%|11.22%|11.22%|11.22%|11.22%|
|折现系数|0.9233|0.8302|0.7464|0.6711|0.6034|0.5426|4.8357|
|八、收益现值|-1,331.78|-1,271.28|-288.79|714.33|1,469.92|1,535.75|16,259.32|
|经营性资产价值|||||||17,087.47|
|基准日非经营性资产净值评估值|-977.86|溢余资产评估值|0.00|||||
|企业整体价值评估值(扣除少数股东权益)|||||||16,109.61|
|付息债务|5,510.76|股东全部权益价值评估值(扣除少数股东权益)|||||10,599.00|