Balance Sheet Manager Worksheet

Prepared for: Demo Company

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Home Location: Mexico City, Mexico Host Location: Seoul, Korea Employee ID: Sample Family Size: Differentials = 4 Taxes = 4

Report Date: 6/2/2008 Pricing Date: Jan 2008 Rate of Exchange Date: Feb 2008 Rate of Exchange (ROE): 1 MXN = 83.9 KRW

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	All amounts are annual	KRW	ROE	MXN
1.	Base Salary			500,000
a.	Home Location Hypothetical Tax (On Base Salary + Bonus)			(109,608)
b.	After-Tax Income			390,392
2.	Additional Payments
a.	Hardship Premium (15% of Base Salary)			75,000
b.	Bonus			95,000
c.	Total Additional Payments			170,000
3.	Housing and Utilities Costs
a.	Host Location (Variant: Mod)	76,461,136	/ 83.9=	911,337
b.	Home Location			(96,510)
c.	Housing and Utilities Differential			814,827
4.	Goods and Services Costs
a.	Host Location (Variant: MPR)	23,133,610	/ 83.9=	275,728
b.	Home Location			(164,026)
c.	Goods and Services Differential			111,702
5.	Automobile Costs
a.	Host Location	23,126,834	/ 83.9=	275,648
b.	Home Location			(45,111)
c.	Automobile Differential			230,537
6.	Total Host Location Payments	122,721,580
7.	Net Foreign Compensation (1b)+(2c)+(3c)+(4c)+(5c)			1,717,458

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8.	Estimated Host Location Tax Gross-up	18,614,199	/ 83.9	221,862
9.	Estimated Host Gross Compensation			1,939,320

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Support Documentation

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	HOST LOCATION HOUSING & UTILITIES DETAIL	KRW	ROE	MXN
	Host Rent	63,690,747
	Host Utilities	12,770,389
	Total Host Housing & Utilities	76,461,136	/ 83.9=	911,337
	HOME LOCATION HYPOTHETICAL TAX DETAIL			MXN
	Compensation for Hypothetical Tax Calculation (Base Salary + Bonus)			595,000
	National Income Tax			109,608
	Local Income Tax			0
	Family Allowance			0
	Total Home Location Hypothetical Tax			109,608
	Social Security			12,907
	HOST LOCATION TAX GROSS-UP DETAIL	KRW	ROE	MXN
	National Income Tax	18,614,199
	Local Income Tax	0
	Total Host Location Gross-up Tax	18,614,199	/ 83.9 =	221,862
	ILLUSTRATION OF SPLIT PAY (NET)	KRW	ROE	MXN
	Total Net Compensation in MXN (7)			1,717,458
	Paid at Host Location in KRW (6)	122,721,580	/ 83.9 =	(1,462,713)
	Paid at Home Location in MXN			254,745

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Notes:

Host Housing Includes: -Rent -Utilities

Home Transportation Includes: -Gas -Insurance -Maintenance -Ownership Costs

Host Transportation Includes: -Gas -Insurance -Maintenance -Ownership Costs

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