Silicon Solutions for the Real World Slide 1 1 AMIS Bulgaria 2006 Organizational and financial...

1

Silicon Solutions for the Real World Slide 1Silicon Solutions for the Real World Slide 1

AMIS Bulgaria 2006AMIS Bulgaria 2006

Organizational and financial

items

Organizational and financial

items

2


Sofia DC – financials 2005Sofia DC – financials 2005Financial 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 2005Bulgaria – 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 salaryProfit tax- 15%

Corporate taxes in 2005 and 2006 Profit tax– 15%

Corporate taxes in 2007 Profit tax– 10%, lowest in EU

Employees taxes in 2006Income tax – 24%Social Security- 6%Pension- 0,5 or 6,5%

4


Sofia DC - Headcount evolutionSofia DC - Headcount evolution

Actual vs Plan

57

911

1315

1719 20

- 1

79

1416

19 20 20

0

5

10

15

20

25

Q12004

Q22004

Q32004

Q42004

Q12005

Q22005

Q32005

Q42005

Q12006

Headcount evolution Actual

5


Sofia DC- HRM break down 2006Sofia DC- HRM break down 2006Team 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/female17 male, 6 female

Years of experience : 0-2 years 3 3-6 years 136> years 7

Age20 - 30 years 1130 – 40 year 740 + 5

6


Sofia DC – Advantages of being in SofiaSofia 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 electronicsStrong 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 engineersNew 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 situationBulgaria – political and economical situation

EconomicalBULGARIA 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 situationBulgaria – political and economical situation

Political statusEntry in Europe the most important goal

No government in 1 month after elections, second mandate given to ex PM for cabinet formation

PositivesNo indications of real big internal problem

Europe – target Nr 1

Excellent support from Agency for Foreign Investors

NegativesCorruption

Crime

Infrastructure

Silicon Solutions for the Real World Slide 1 1 AMIS Bulgaria 2006 Organizational and financial...

Documents

Transcript of Silicon Solutions for the Real World Slide 1 1 AMIS Bulgaria 2006 Organizational and financial...