CORE: Income Statement - 2015-2012 Modified Cash Basis (1) (000's) Revenue Forecast 2015 PI' 2014 Pe 2013 PI' 2012 Var 15 to'14 % Chg 15 to'14 Var 14 to'13 %Chg 14 to'13 Var 13 to'12 % Chg 13 to'12 New Member Initiation Fees 1.535 1.380 1.520 1.255 155 11.2% (140) -9.2% 265 21.1% New Member Dues 638 544 587 526 94 17.3% (43) -7.3% 61 11.6% Renewable Dues 5.576 5.421 5.054 4.839 155 2.9% 367 7.3% 215 4.4% Founding Member Dues 988 328 336 314 660 201.2% (8) -2.4% 23 7.2% Sponsorship/License Fees 510 409 620 555 102 24.8% (212) -34.1% 65 11.8% Food Sales 2.024 1.864 2.050 2.053 160 8.6% (186) -9.1% (3) -0.1% Beverage Sales 1.898 1.761 1.894 1.636 137 7.8% (133) -7.0% 258 15.8% Other F&B Sales 653 660 613 483 (7) -1.0% 47 7.6% 130 26.9% Accommodations Revenue 383 336 344 299 47 14.1% (8) -2.4% 45 15.2% Wellness Revenue 1.000 1.011 1.062 985 (11) -1.1% (51) -4.8% 77 7.8% Gross Revenue 15,205 13.714 14.080 12.944 1.491 10.9% (366) -2.6% 1.136 8.8% Cost of Sales-Food 608 551 652 569 57 10.3% (101) -15.5% 83 14.6% Cost of Sales-Beverage 547 500 477 380 47 9.5% 23 4.8% 97 25.6% Cost of Sales-Equipment Rental 228 204 200 168 24 11.7% 4 2.1% 32 19.0% Cost of Sales-Suites 192 168 172 149 24 14.1% (4) -2.4% 23 15.5% Cost of Sales-Wellness 695 703 780 733 (8) -1.1% (77) -9.9% 47 6.4% FM Discounts & Allowances 836 744 999 823 93 12.4% (255) -25.6% 176 21.4% Total Cost of Sales 3.106 2.870 3.280 2.822 237 8.2% (410) -12.5% 458 16.2% Gross Profit 12.099 10.844 10.800 10,122 1,255 11.6% 44 0.4% 678 6.7% EFTA01153768