Cost Dynamics

JGP Watches – Cost Dynamics

September 2006
Purchase of 500 watches
Original Deposit£153.56(2266HKD paid at Hong Kong Watch & Clock Fair)
Balance£365.93Paid by International Transfer
Cost per watch ex-factory£1.04
Bank Charges for transfer£20.00
Shipping£185.85Paid by International Transfer
Bank Charges for transfer£20.00
Import Charges (Duty, VAT etc)
On Parcel 1£18.19(No Charges on Parcels 2 & 3)
Total£763.53
Cost per Watch to JGP£1.53
September 2008
Purchase of 500 watches
Cost of 500 watches£828.361500 US$
Cost per watch ex-factory£1.6760% increase over 2006
Bank Charges for transfer£20.00
Shipping£251.66389.45US$ - 35% increase over 2006
Bank Charges for transfer£20.00
Import Charges (Duty, VAT etc)
On 4 parcels£858.77
Refund from HMR&C£437.87After lengthy appeal to HMR&C
Actual charges levied£420.902213% increase over 2006
Total£1540.92
Cost per Watch to JGP£3.08101% increase over 2006