MAIN MENU
                         STEEL FABRICATION
                              FINANCIAL PROJECTION
 Ke SUB MENU
 Clic...
ELLING PRICE (Rp/MT)




Taxex with Double Declining Balance Depreciation Method)

SCHEDULE




declining balance method" ...
FORM-A
Steel Fabrication Co. ltd.
INVESTMENT COST
NO.              DESCRIPTION                      VOLUME        UNIT    ...
Rp 000
TOTAL
PRICE                        1.00


  1,800,000.00             60.00
     75,000.00              2.50




  2...
Part of Book "A to Z Entrepreneur in Practice" Writer: Harmaizar Zaharuddin
APPENDIX-7                   Main Menu
Steel Fabrication Co. ltd.
DRAW DOWN OF PROJECT COST SCHEDULE                      ...
MARK-UP INVESTMENT                 100.00%                Main Menu
MARK-UP PRODUCTION                 100.00%
MARK-UP PRI...
PRODUCTION EFFICIENCY
   MARKET PORTION (%):
    LOCAL MARKET                                                   100.00%   ...
Rp 000

      YEAR 3       YEAR 4      YEAR 5      YEAR 6     YEAR 7      YEAR 8     YEAR 9      YEAR 10

       121.00%  ...
100.00%      100.00%     100.00%    100.00%     100.00%    100.00%     100.00%     100.00%
  0.00%        0.00%       0.00...
APPENDIX-3
 Steel Fabrication Co. ltd.
 PROFIT & LOSS PROJECTION                                                          ...
APPENDIX-6A           Main Menu
Steel Fabrication Co. ltd.
DETAIL OF REPAYMENT SCHEDULE
                      INTEREST    ...
ENDING
BALANCE

11,313,722
10,563,722
10,563,722
 9,813,722

 9,813,722
 8,813,722
 8,813,722
 7,813,722

 7,813,722
 6,81...
Main Menu
APPENDIX-7A
Steel Fabrication Co. ltd.
INTEREST DURING CONSTRUCTION (IDC)
                       Cash    Total  ...
Accumulation   Interest
  Interest       from      IDC
               Interest   12.16%



     47,367                47,3...
APPENDIX-9A Main Menu
 Steel Fabrication Co. ltd.
 DEPRECIATION SCHEDULE WITH "double declining balance method" FOR INCOME...
COME TAX                                                                     Rp 000



     OSBL, VEHICLE, F&F
     ISBL

...
ATTENTION!
   Income tax (Pajak Penghasilan) dihitung berdasarkan kondisi lapangan yang sebenarnya, dalam penyajia
   lapo...
narnya, dalam penyajian

ma dan seterusnya lebih menguntungkan
 selanjutnya keuntungan lebih kecil




Depreciation Method...
YEAR 10

    6,774,458


    1,089,884
       115,715
                0
------------------
    7,980,057


      (358,676)...
APPENDIX-13             Main Menu
  Steel Fabrication Co. ltd.
  INTERNAL RATE OF RETURN

  ITEMS                         ...
YEAR 4    YEAR 5      YEAR 6      YEAR 7     YEAR 8      YEAR 9     YEAR 10

        0         0         0         0      ...
APPENDIX-14             Main Menu
Steel Fabrication Co. ltd.
SENSITIVITY ANALYSIS

  Sales         IRR       -194.05% Raw ...
Sales
-194.05%     Quanitity     IRR       -194.05% Investment      IRR       -194.05%
             (MTPA)                ...
APPENDIX-0                                  Main Menu
  Steel Fabrication Co. ltd.
  SUMMARY
  INVESTMENT COST :          ...
Rp 000
                                                       MARK-UP COST :
                                             ...
YEAR 10
         12.20%
          9.68%
          5.87%
-------------------
         78.13%
       157.24%
         15.22%...
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Steel

  1. 1. MAIN MENU STEEL FABRICATION FINANCIAL PROJECTION Ke SUB MENU Click di bawah ini: FORM-A INVESTMENT COST FORM-B FACTORY OVERHEAD COST FORM-C SELLING EXPENSES FORM V-D GENERAL & ADMINISTRATIVE EXPENSES FORM V-E PRODUTION, RAW MATERIALS COST & SELLING PRICE (Rp/MT) APPENDIX-0 SUMMARY APPENDIX-1 PROJECTED BALANCE SHEET APPENDIX-2 CASH FLOW PROJECTION APPENDIX-3 PROFIT & LOSS PROJECTION APPENDIX-3A PROFIT & LOSS PROJECTION (Estimated Taxex with Double Declining Ba APPENDIX-4 COST OF GOODS SOLD APPENDIX-5 PRODUCTION, SALES AND COLLECTION SCHEDULE LAMPIRAN 6 STRUCTURE OF FUNDS APPENDIX-6A DETAIL OF REPAYMENT SCHEDULE APPENDIX-7 DRAW DOWN OF PROJECT COST SCHEDULE APPENDIX-7A INTEREST DURING CONSTRUCTION (IDC) APPENDIX-8 INVESTMENT AND REINTVESMENT SCHEDULE APPENDIX-9 DEPRECIATION AND MAINTENANCE SCHEDULE APPENDIX-9A DEPRECIATION SCHEDULE WITH "double declining balance method" FOR APPENDIX-10 CASH REQUIREMENT FOR OPERATION APPENDIX-11 ESTIMATED WORKING CAPITAL NEEDED APPENDIX-12 FINANCIAL RATIO APPENDIX-13 INTERNAL RATE OF RETURN APPENDIX-14 SENSITIVITY ANALYSIS
  2. 2. ELLING PRICE (Rp/MT) Taxex with Double Declining Balance Depreciation Method) SCHEDULE declining balance method" FOR INCOME TAX
  3. 3. FORM-A Steel Fabrication Co. ltd. INVESTMENT COST NO. DESCRIPTION VOLUME UNIT PRICE PER-UNIT BI LAND COST 1 LAND COST 30,000 m2 60.00 2 LAND IMPROVEMENT COST 30,000 m2 2.500 II CONSTRUCTION : 1 BUILDING COST: FACTORY BUILDINGS COST FACTORY BUILDING 13,428 M2 150.000 HOIST CRANE (10 TON) 2 UNIT 150,000.000 GARDU LISTRIK 1 LS 50,000.000 PLUMBING & PUMP (ARTHESIS) 2 UNIT 50,000.000 Total A OFFICE BUILDING OFFICE BUILDING 500 M2 450.000 GUARD HOUSE 50 M2 300.000 CANTEEN 50 M2 300.000 ROAD 7,500 M2 30.000 FENCE HIGHT 3 M, ROUND : 220 M 15.000 Total B Total A+B 2 ISBL (INSIDE BATTERY LIMIT) BARNNERS MACHINERIES 1.00 LS 716,760.000 MOTOR (4150 kW) 1.00 LS 586,440.000 ROLLING CONSTRUCTION 850 T 1.00 LS 5,212,800.000 INST. OF ELECTR. & CONTROL 1.00 LS 586,440.000 3 OSBL (OUTSIDE BATTERY LIMIT) GENSET (500 kW CADANGAN) 1.00 LS 150,000.000 PLN COST 6,000,000 VA 0.163 4 VEHICLES PLANT DIRECTOR 1 UNIT 75,000.000 MANAGER'S VEHICLES 3 UNIT 40,000.000 MINIBUS (KIJANG) 2 UNIT 30,000.000 FORKLIFTS 1 UNIT 50,000.000 MOTOR CARS 2 UNIT 4,000.000 5 TOOLS & OFFICE EQUIPMENT Part of Book "A to Z Entrepreneur in Practice" Writer: Harmaizar Zaharuddin
  4. 4. Rp 000 TOTAL PRICE 1.00 1,800,000.00 60.00 75,000.00 2.50 2,014,200.00 150.00 300,000.00 150,000.00 50,000.00 50,000 100,000.00 50,000.00 2,464,200.00 850 225,000.00 450.00 15,000.00 300.00 15,000.00 300.00 225,000.00 30.00 3,300.00 15.00 483,300.00 2,947,500.00 716,760.00 716,760.00 586,440.00 586,440.00 5,212,800.00 5,212,800.00 586,440.00 586,440.00 7,102,440.00 150,000.00 150,000 978,000.00 0.163 1,128,000.00 75,000.00 75,000.00 120,000.00 40,000.00 60,000.00 30,000.00 50,000.00 50,000.00 8,000.00 4,000.00 313,000.00 250,346 Part of Book "A to Z Entrepreneur in Practice" Writer: Harmaizar Zaharuddin
  5. 5. Part of Book "A to Z Entrepreneur in Practice" Writer: Harmaizar Zaharuddin
  6. 6. APPENDIX-7 Main Menu Steel Fabrication Co. ltd. DRAW DOWN OF PROJECT COST SCHEDULE Rp 000 AMOUNT YEAR - I YEAR - II NO DESCRIPTION (%) --------------- --------------- --------------- --------------- --------------- --------------- Rp Q-1 Q-2 Q-3 Q-4 Q-1 Q-2 A I LAND : 1 LAND COST 1,800,000 11.37% 1,800,000 2 LAND IMPROVEMENT 75,000 0.47% 37,500 37,500 0.00% II CONSTRUCTION : 0.00% 1 BUILDING COST 2,947,500 18.62% 294,750 884,250 884,250 589,500 294,750 2 ISBL 7,102,440 44.87% 1,420,488 2,485,854 2,485,854 710,244 3 OSBL 1,128,000 7.13% 225,600 394,800 394,800 112,800 4 VEHICLES 313,000 1.98% 78,250 78,250 78,250 78,250 5 TOOLS & OFFICE EQUIPMENT 405,500 2.56% 101,375 101,375 101,375 101,375 TOTAL A 13,771,440 87.01% 1,837,500 332,250 2,709,963 3,944,529 3,649,779 1,297,419 B PRE-OPERATING : OFFICES EXPENSES 250,000 1.58% 37,500 37,500 50,000 50,000 37,500 37,500 CONSULTAN FEE 100,000 0.63% 15,000 15,000 20,000 20,000 15,000 15,000 DESIGNING FEE 152,040 0.96% 22,806 22,806 30,408 30,408 22,806 22,806 EXPATRIATE (+ 1 MONTH) 136,836 0.86% 20,525 20,525 27,367 27,367 20,525 20,525 TOTAL B 638,876 4.04% 95,831 95,831 127,775 127,775 95,831 95,831 TOTAL BEFORE IDC (A+B) 14,410,316 91.04% 1,933,331 428,081 2,837,738 4,072,304 3,745,610 1,393,250 C OTHERS : Interest During Construction 1,226,501 7.75% 47,367 61,537 135,520 243,242 346,172 392,663 MANAGEMENT FEE 50,436 0.32% 50,436 COMMITMENT FEE 140,942 0.89% 43,669 42,171 32,239 17,986 4,876 0 TOTAL C 1,417,879 8.96% 141,472 103,709 167,759 261,228 351,048 392,663 GRAND TOTAL 15,828,195 100.00% 2,074,804 531,790 3,005,497 4,333,532 4,096,658 1,785,913 D PORTION OF INVESTMENT : I BY BANK LOAN INVESTMENT 10,087,221 70.00% 1,353,332 299,657 1,986,417 2,850,613 2,621,927 975,275 I. D. C. 1,226,501 47,367 61,537 135,520 243,242 346,172 392,663 TOTAL BANK LOAN 11,313,722 1,400,699 361,194 2,121,937 3,093,855 2,968,099 1,367,938 II BY EQUITY : INVESTMENT 4,323,095 30.00% 579,999 128,424 851,321 1,221,691 1,123,683 417,975 MANAGEMENT FEE 50,436 0.50% 50,436 COMMITMENT FEE 140,942 0.50% 43,669 42,171 32,239 17,986 4,876 0 TOTAL EQUITY 4,514,473 674,105 170,596 883,561 1,239,677 1,128,559 417,975 TOTAL BANK LOAN + EQUITY 15,828,195 2,074,804 531,790 3,005,497 4,333,532 4,096,658 1,785,913 Part of Book "A to Z Entrepreneur in Practice" Writer: Harmaizar Zaharuddin
  7. 7. MARK-UP INVESTMENT 100.00% Main Menu MARK-UP PRODUCTION 100.00% MARK-UP PRICE 100.00% MARK-UP RAW MATERIAL 100.00% MARK UP SALES QUATITY 100.00% NAME OF PROJECT Steel Fabrication Co. ltd. COMPUTER FILE NAME Steel START YEAR YEAR 0 YEAR 1 YEAR 2 MARK-UP REINVESTMENT COST 10.00% 100.00% 110.00% MARK-UP/DOWN SALES PRICE 5.00% 100.00% 105.00% MARK-UP/DOWN RAW MATERIALS COST 5.00% 100.00% 105.00% MARK-UP COST : - FACTORY OVERHEAD 10.00% 100.00% 110.00% - SELLING EXPENSES 10.00% 100.00% 110.00% - GENERAL ADM. EXPENSES 10.00% 100.00% 110.00% - LABOUR COST 15.00% 100.00% 115.00% PRODUCTION SCHEDULE (MT/YEAR) 80.00% 90.00% PORTION OF LOAN : INTEREST INVESTMENT 70.00% INVESTMENT : 14.00% WORKING CAPITAL 0.00% WORKING CAPITAL : 16.00% INVENTORIES : RAW MATERIALS : FIRST OF THE YEAR MTH END OF THE YEAR 1.00 MTH 8.33% GOODS IN PROCESS : FIRST OF THE YEAR MTH END OF THE YEAR 0.03 MTH 0.25% FINISHED GOODS : FIRST OF THE YEAR MTH 0.00% END OF THE YEAR 0.50 MTH 4.17% CASH REQUIREMENT 3.00 MTH 25.00% ACCOUNTS PAYABLE PORTION A/P ACCOUNTS RECEIVABLE : IMPORT 0.0 MTH 0.00% 0.00% EXPORT 0.00 LOCAL 2.0 MTH 100.00% 16.67% LOCAL 2.00 YEAR 0 YEAR 1 YEAR 2 MARK-UP PRICE (Rp 000/MT) : FERROS : - LOCAL MARKET 800 800 840 - EXPORT MARKET 0 0 0 RAW MATERIALS COST (Rp 000/MT) FERROS : 625 625 656 PRODUCTION SCHEDULE (MT/YEAR) 60,000 48,000 54,000 Part of Book "A to Z Entrepreneur in Practice" Writer: Harmaizar Zaharuddin
  8. 8. PRODUCTION EFFICIENCY MARKET PORTION (%): LOCAL MARKET 100.00% 100.00% EXPORT MARKET 0.00% 0.00% MARKET PORTION (MT/YEAR): - LOCAL MARKET 48,000 54,000 - EXPORT MARKET 0 0 Part of Book "A to Z Entrepreneur in Practice" Writer: Harmaizar Zaharuddin
  9. 9. Rp 000 YEAR 3 YEAR 4 YEAR 5 YEAR 6 YEAR 7 YEAR 8 YEAR 9 YEAR 10 121.00% 133.10% 146.41% 161.05% 177.16% 194.87% 214.36% 235.79% 110.25% 115.76% 121.55% 127.63% 134.01% 140.71% 147.75% 155.13% 110.25% 115.76% 121.55% 127.63% 134.01% 140.71% 147.75% 155.13% 121.00% 133.10% 146.41% 161.05% 177.16% 194.87% 214.36% 235.79% 121.00% 133.10% 146.41% 161.05% 177.16% 194.87% 214.36% 235.79% 121.00% 133.10% 146.41% 161.05% 177.16% 194.87% 214.36% 235.79% 132.25% 152.09% 174.90% 201.14% 231.31% 266.00% 305.90% 351.79% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% IN Rp 000 1,000 CEIVABLE : MTH 0.00% MTH 16.67% YEAR 3 YEAR 4 YEAR 5 YEAR 6 YEAR 7 YEAR 8 YEAR 9 YEAR 10 882 926 972 1,021 1,072 1,126 1,182 1,241 0 0 0 0 0 0 0 0 689 724 760 798 838 879 923 970 60,000 60,000 60,000 60,000 60,000 60,000 60,000 60,000 Part of Book "A to Z Entrepreneur in Practice" Writer: Harmaizar Zaharuddin
  10. 10. 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 60,000 60,000 60,000 60,000 60,000 60,000 60,000 60,000 0 0 0 0 0 0 0 0 Part of Book "A to Z Entrepreneur in Practice" Writer: Harmaizar Zaharuddin
  11. 11. APPENDIX-3 Steel Fabrication Co. ltd. PROFIT & LOSS PROJECTION Rp 000 ITEMS (%) YEAR 0 YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 6 YEAR 7 YEAR 8 YEAR 9 YEAR 10 SALES : SALES OF PRODUCTS 100.00% 34,400,000 42,415,800 49,511,070 52,232,040 54,843,642 57,585,824 60,465,115 63,488,371 66,662,790 69,995,929 COST OF GOODS SOLD 87.46% 30,483,900 37,106,118 43,099,376 45,445,850 47,752,665 50,264,394 52,840,186 55,555,816 58,423,844 61,454,122 GROSS PROFIT 12.54% 3,916,100 5,309,682 6,411,694 6,786,190 7,090,977 7,321,430 7,624,929 7,932,555 8,238,945 8,541,808 GEN & ADM. EXPENSE 1.84% 553,074 623,361 702,925 793,028 895,114 1,010,825 1,142,038 1,290,891 1,459,827 1,651,634 GEN & ADM. DEPRECIATION 0.17% 71,850 71,850 71,850 71,850 71,850 115,715 115,715 115,715 115,715 115,715 AMORTIZATION 0.37% 411,351 411,351 411,351 411,351 411,351 0 0 0 0 0 OPERATING INCOME 10.16% 2,879,825 4,203,120 5,225,569 5,509,961 5,712,663 6,194,890 6,367,176 6,525,948 6,663,403 6,774,458 INTEREST EXPENSE : - LONG TERM LOAN 0.91% 1,552,253 1,321,837 1,040,986 736,267 363,614 0 0 0 0 0 - SHORT TERM LOAN 0.75% 714,721 877,545 876,073 716,073 556,073 396,073 0 0 0 0 EARNING BEFORE TAX 8.50% 612,851 2,003,738 3,308,510 4,057,621 4,792,976 5,798,817 6,367,176 6,525,948 6,663,403 6,774,458 INCOME TAX 3.01% 0 0 1,090,748 1,522,547 1,885,335 1,995,622 2,348,783 2,493,454 2,595,102 2,667,481 NET PROFIT/LOSS 5.49% 612,851 2,003,738 2,217,762 2,535,074 2,907,641 3,803,195 4,018,393 4,032,494 4,068,301 4,106,977 DIVIDEND 0.00% 0 0 0 0 0 0 0 0 0 0 RETAINED EARNINGS 24.75% 612,851 2,616,590 4,834,351 7,369,425 10,277,066 14,080,261 18,098,654 22,131,148 26,199,450 30,306,427 Part of Book "A to Z Entrepreneur in Practice" Writer: Harmaizar Zaharuddin
  12. 12. APPENDIX-6A Main Menu Steel Fabrication Co. ltd. DETAIL OF REPAYMENT SCHEDULE INTEREST BEGINNING Repayment Repayment 360 DATE 14.00% BALANCE 90 30-MAR-96 395,980 11,313,722 0 91 30-JUN-96 400,380 11,313,722 750,000 92 30-SEP-96 377,946 10,563,722 0 92 30-DEC-96 377,946 1,552,253 10,563,722 750,000 1,500,000 90 30-MAR-97 343,480 9,813,722 0 92 30-JUN-97 351,113 9,813,722 1,000,000 92 30-SEP-97 315,335 8,813,722 0 91 30-DEC-97 311,908 1,321,837 8,813,722 1,000,000 2,000,000 91 30-MAR-98 276,519 7,813,722 0 92 30-JUN-98 279,558 7,813,722 1,000,000 92 30-SEP-98 243,780 6,813,722 0 91 30-DEC-98 241,130 1,040,986 6,813,722 1,000,000 2,000,000 90 30-MAR-99 203,480 5,813,722 0 92 30-JUN-99 208,002 5,813,722 1,250,000 92 30-SEP-99 163,280 4,563,722 0 91 30-DEC-99 161,505 736,267 4,563,722 1,250,000 2,500,000 90 30-MAR-00 115,980 3,313,722 0 92 30-JUN-00 118,558 3,313,722 1,500,000 92 30-SEP-00 64,891 1,813,722 0 91 30-DEC-00 64,186 363,614 1,813,722 1,813,722 3,313,722 90 30-MAR-01 0 0 0 92 30-JUN-01 0 0 0 92 30-SEP-01 0 0 0 91 30-DEC-01 0 0 0 0 0 91 30-MAR-02 0 0 0 92 30-JUN-02 0 0 0 92 30-SEP-02 0 0 0 91 30-DEC-02 0 0 0 0 0 90 30-MAR-03 0 0 0 92 30-JUN-03 0 0 0 92 30-SEP-03 0 0 0 91 30-DEC-03 0 0 0 0 0 Part of Book "A to Z Entrepreneur in Practice" Writer: Harmaizar Zaharuddin
  13. 13. ENDING BALANCE 11,313,722 10,563,722 10,563,722 9,813,722 9,813,722 8,813,722 8,813,722 7,813,722 7,813,722 6,813,722 6,813,722 5,813,722 5,813,722 4,563,722 4,563,722 3,313,722 3,313,722 1,813,722 1,813,722 0 0 0 0 0 0 0 0 0 0 0 0 0 Part of Book "A to Z Entrepreneur in Practice" Writer: Harmaizar Zaharuddin
  14. 14. Main Menu APPENDIX-7A Steel Fabrication Co. ltd. INTEREST DURING CONSTRUCTION (IDC) Cash Total Accumulation Interest PERIOD Withdrawl Loan Balance Loan Rate 70.00% 14.00% 10,087,221 YEAR-I Q-1 1,933,331 1,353,332 8,733,889 1,353,332 47,367 Q-2 428,081 299,657 8,434,232 1,652,989 57,855 Q-3 2,837,738 1,986,417 6,447,816 3,639,406 127,379 Q-4 4,072,304 2,850,613 3,597,203 6,490,019 227,151 YEAR-II Q-1 3,745,610 2,621,927 975,275 9,111,946 318,918 Q-2 1,393,250 975,275 0 10,087,221 353,053 Q-3 Q-4 YEAR-III Q-1 Q-2 14,410,316 10,087,221 32,334,912 1,131,722 Part of Book "A to Z Entrepreneur in Practice" Writer: Harmaizar Zaharuddin
  15. 15. Accumulation Interest Interest from IDC Interest 12.16% 47,367 47,367 105,221 3,683 61,537 232,600 8,141 135,520 459,751 16,091 243,242 778,669 27,253 346,172 1,131,722 39,610 392,663 2,755,330 94,779 1,226,501 Part of Book "A to Z Entrepreneur in Practice" Writer: Harmaizar Zaharuddin
  16. 16. APPENDIX-9A Main Menu Steel Fabrication Co. ltd. DEPRECIATION SCHEDULE WITH "double declining balance method" FOR INCOME TAX Live Time DESCRIPTION METHOD RATE (YEARS) DEPRECIATION : CLASS 1 REDUCING VALUE 100% WITHIN 4 CLASS 2 REDUCING VALUE 50% WITHIN 4 CLASS 3 REDUCING VALUE 25% WITHIN 4-8 CLASS 4 REDUCING VALUE 10% WITHIN BULIDINGS STRAIGH LINE 5% - AMORTIZATION REDUCING VALUE 50% 4 ITEMS YEAR 0 YEAR 1 YEAR 2 SALVAGE FACTORY DEPRECIATION: LAND IMPROVEMENT 4,224 18,750 14,063 BUILDINGS COST 1,473,750 147,375 147,375 I. S. B. L. 399,963 1,775,610 1,331,708 O. S. B. L. 1,102 564,000 282,000 VEHICLES 16,058 156,500 78,250 TOOLS & OFFICE EQUIPMENT 20,804 202,750 101,375 TOTAL 1,308 0 2,864,985 1,954,770 AMORT. FOR EXPANSION & DEFER. CH. PREOPERATING EXPENSES 35,977 159,719 119,789 I D C + MGT & COMT FEE 79,846 354,470 265,852 TOTAL 115,823 0 514,189 385,642 TOTAL DEPRECIATION & AMORTIZATION 0 3,379,174 2,340,412 Part of Book "A to Z Entrepreneur in Parctice" Writer: Harmaizar Zaharuddin
  17. 17. COME TAX Rp 000 OSBL, VEHICLE, F&F ISBL YEAR 3 YEAR 4 YEAR 5 YEAR 6 YEAR 7 YEAR 8 YEAR 9 YEAR 10 10,547 7,910 5,933 4,449 3,337 2,503 1,877 1,408 147,375 147,375 147,375 147,375 147,375 147,375 147,375 147,375 998,781 749,085 561,814 421,361 316,020 237,015 177,761 133,321 141,000 70,500 35,250 17,625 8,813 4,406 2,203 1,102 39,125 19,563 9,781 256,935 128,468 64,234 32,117 16,058 50,688 25,344 12,672 332,867 166,433 83,217 41,608 20,804 1,387,515 1,019,777 772,825 1,180,612 770,446 538,750 402,942 320,068 89,842 67,381 50,536 37,902 28,427 21,320 15,990 11,992 199,389 149,542 112,156 84,117 63,088 47,316 35,487 26,615 289,231 216,923 162,693 122,019 91,515 68,636 51,477 38,608 1,676,746 1,236,700 935,517 1,302,632 861,961 607,386 454,419 358,676 Part of Book "A to Z Entrepreneur in Parctice" Writer: Harmaizar Zaharuddin
  18. 18. ATTENTION! Income tax (Pajak Penghasilan) dihitung berdasarkan kondisi lapangan yang sebenarnya, dalam penyajia laporan keuangan dibuat 2 laporan Laba - Rugi, yaitu: - APPENDIX-3, untuk para pemegang saham, yang menggambarkan tahun pertama dan seterusnya lebih - APPENDIX-3A, untuk laporan pajak, yang menggambarkan tahun ke-1 rugi, dan selanjutnya keuntunga Perbedaannya pada perhitungan DEPRECIATION & AMORTIZATION Main Menu APPENDIX-3A Steel Fabrication Co. ltd. PROFIT & LOSS PROJECTION (Estimated Taxex with Double Declining Balance Depreciation Method) ITEMS YEAR 0 YEAR 1 YEAR 2 EARNING BEFORE TAX 0 612,851 2,003,738 DEPRECIATION WITH "STRAIGH LINE METHOD : FACTORY DEPRECIATION 0 1,046,019 1,046,019 GEN. & ADM DEPRECIATION 0 71,850 71,850 AMORTIZATION 0 411,351 411,351 --------------- ----------------- ------------------- 0 2,142,071 3,532,958 DEPRECIATION "DOUBLE DECLINING BALANCE" : TOTAL DEPRE. & AMORTIZATION (3,379,174) (2,340,412) --------------- ----------------- ------------------- EARNING BEFORE TAX (1,237,102) 1,192,547 INCOME TAXES 0 0 --------------- ----------------- ------------------- NET PROFIT 0 (1,237,102) 1,192,547 RETAINED EARNING 0 (1,237,102) (44,556) Part of Book "A to Z Entrepreneur in Practice" Writer: Harmaizar Zaharuddin
  19. 19. narnya, dalam penyajian ma dan seterusnya lebih menguntungkan selanjutnya keuntungan lebih kecil Depreciation Method) Rp 000 YEAR 3 YEAR 4 YEAR 5 YEAR 6 YEAR 7 YEAR 8 YEAR 9 3,308,510 4,057,621 4,792,976 5,798,817 6,367,176 6,525,948 6,663,403 1,046,019 1,046,019 1,046,019 1,089,884 1,089,884 1,089,884 1,089,884 71,850 71,850 71,850 115,715 115,715 115,715 115,715 411,351 411,351 411,351 0 0 0 0 ------------------ ------------------ ----------------- ----------------- ------------------ ------------------ ------------------- 4,837,730 5,586,841 6,322,196 7,004,416 7,572,776 7,731,548 7,869,002 (1,676,746) (1,236,700) (935,517) (1,302,632) (861,961) (607,386) (454,419) ------------------ ------------------ ----------------- ----------------- ------------------ ------------------ ------------------- 3,160,983 4,350,141 5,386,678 5,701,785 6,710,815 7,124,162 7,414,583 1,090,748 1,522,547 1,885,335 1,995,622 2,348,783 2,493,454 2,595,102 ------------------ ------------------ ----------------- ----------------- ------------------ ------------------ ------------------- 2,070,235 2,827,594 3,501,343 3,706,163 4,362,032 4,630,708 4,819,481 2,025,680 4,853,273 8,354,617 12,060,779 16,422,811 21,053,519 25,873,000 Part of Book "A to Z Entrepreneur in Practice" Writer: Harmaizar Zaharuddin
  20. 20. YEAR 10 6,774,458 1,089,884 115,715 0 ------------------ 7,980,057 (358,676) ------------------ 7,621,382 2,667,481 ------------------ 4,953,901 30,826,901 Part of Book "A to Z Entrepreneur in Practice" Writer: Harmaizar Zaharuddin
  21. 21. APPENDIX-13 Main Menu Steel Fabrication Co. ltd. INTERNAL RATE OF RETURN ITEMS YEAR 0 YEAR 1 YEAR 2 YEAR 3 IRR ON EBIT (NET PROFIT) INVESTMENT (EQUITY + L/T LOAN) (15,828,195) 0 0 0 WORKING CAP. (EQUITY + S/T LOAN) (4,467,005) (1,517,650) (990,799) NET PROFIT 612,851 2,003,738 2,217,762 DEPRECIATION & AMORTIZATION 1,457,370 1,457,370 1,457,370 INTEREST EXPENSE 2,266,974 2,199,381 1,917,059 INCOME TAX 0 0 1,090,748 SALVAGE VALUE TOTAL IRR -194.05% (15,828,195) (129,809) 4,142,839 5,692,139 -- --------------- --------------- --------- --------------- Part of Book "A to Z Entrepreneur in Practice" Writer: Harmaizar Zaharuddin
  22. 22. YEAR 4 YEAR 5 YEAR 6 YEAR 7 YEAR 8 YEAR 9 YEAR 10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2,535,074 2,907,641 3,803,195 4,018,393 4,032,494 4,068,301 4,106,977 1,457,370 1,457,370 1,089,884 1,089,884 1,089,884 1,089,884 1,089,884 1,452,340 919,687 396,073 0 0 0 0 1,522,547 1,885,335 1,995,622 2,348,783 2,493,454 2,595,102 2,667,481 3,311,250 6,967,331 7,170,033 7,284,774 7,457,060 7,615,833 7,753,287 11,175,592 Part of Book "A to Z Entrepreneur in Practice" Writer: Harmaizar Zaharuddin
  23. 23. APPENDIX-14 Main Menu Steel Fabrication Co. ltd. SENSITIVITY ANALYSIS Sales IRR -194.05% Raw Material IRR -194.05% Production IRR Price Cost Cost -5.00% -5.93% -5.00% 49.16% -5.00% 29.52% -4.00% 2.86% -4.00% 45.58% -4.00% 29.32% -3.00% 10.08% -3.00% 41.89% -3.00% 29.11% -2.00% 16.27% -2.00% 36.47% -2.00% 28.90% -1.00% 21.85% -1.00% 32.56% -1.00% 27.93% 0.00% 27.71% 0.00% 27.71% 0.00% 27.71% 1.00% 33.31% 1.00% 22.60% 1.00% 27.50% 2.00% 39.66% 2.00% 17.95% 2.00% 27.28% 3.00% 44.28% 3.00% 12.52% 3.00% 27.05% 4.00% 48.82% 4.00% 6.52% 4.00% 26.83% 5.00% 53.31% 5.00% -0.37% 5.00% 26.61% 6.00% 57.75% 6.00% -9.34% 6.00% 26.37% 7.00% 62.16% 7.00% -24.12% 7.00% 26.14% Part of Book "A to Z Entrepreneur in Practice" Writer: Harmaizar Zaharuddin
  24. 24. Sales -194.05% Quanitity IRR -194.05% Investment IRR -194.05% (MTPA) Cost 70.00% 14.35% -5.00% 29.11% 72.50% 15.69% -4.00% 28.83% 75.00% 16.84% -3.00% 28.54% 77.50% 17.95% -2.00% 28.26% 80.00% 19.05% -1.00% 27.98% 82.50% 20.11% 0.00% 27.71% 85.00% 21.15% 1.00% 27.45% 87.50% 22.31% 2.00% 27.18% 90.00% 23.58% 3.00% 26.92% 92.50% 24.74% 4.00% 26.67% 95.00% 25.85% 5.00% 26.41% 97.50% 26.79% 6.00% 26.16% 100.00% 27.71% 7.00% 25.91% Part of Book "A to Z Entrepreneur in Practice" Writer: Harmaizar Zaharuddin
  25. 25. APPENDIX-0 Main Menu Steel Fabrication Co. ltd. SUMMARY INVESTMENT COST : SALES PRICE : BANK LOAN : FERROS : - INVESTMENT Rp 10,087,221 - LOCAL MARKET - I. D. C. Rp 1,226,501 RAW MATERIAL : EQUITY : FERROS - INVESTMENT Rp 4,323,095 NORMAL CAPACITY : - MANAGEMENT FEE Rp 50,436 FERROS - COMMITMENT FEE Rp 140,942 PRODUCTION EFFICIENCY 0,94% TOTAL INVESTMENT Rp 15,828,195 PORTION OF FUNDS : INTEREST RATE : BANK LOAN 70.00% INVESTMENT 14.00% EQUITY 30.00% WORKING CAPITAL 16.00% WORKING CAPITAL TURNOVER : ACCOUNTS RECEIVABLE : RAW MATERIALS 1.00 MONTH EXPORT 0 MONTH GOODS IN PROCESS 0.03 MONTH LOCAL 2 MONTH FINISHED GOODS 0.50 MONTH CASH REQUIREMENT 3.00 MONTH RATIOS : YEAR 0 YEAR 1 YEAR 2 GROSS PROFIT (% TO SALES) 11.38% 12.52% NET OPERATING INCOME (% TO SALES) 8.37% 9.91% NET INCOME AFTER TAX (% TO SALES) 1.78% 4.72% -- ---- ----- ----- --------- --------------- ----------- ----------------- ------------------ ------------------- ------------------- MATERIALS COST TO SALES 78.13% 78.13% ASSETS TURNOVER (SALES ON ASSETS) 141.42% 167.05% R.O.I. (EBIT ON ASSETS) 11.84% 16.55% R.O.E. (EFIT ON EQUITY) 11.95% 28.10% PAYBACK PERIOD (YEAR) (15,828,195) (11,419,149) (5,686,810) IRR -194.05% CURRENT ASSETS ON TOTAL ASSETS 41.22% 49.71% LIQUIDITY 106.84% 120.82% EQUITY ON ASSETS 21.08% 28.09% DEBT TO EQUITY 374.41% 256.05% DEBT TO TOTAL ASSETS 71.48% 78.92% 71.91% TOTAL CAPITALIZATION 71.48% 65.68% 52.28% Part of Book "A to Z Entrepreneur in Practice" Writer: Harmaizar Zaharuddin
  26. 26. Rp 000 MARK-UP COST : REINVESTMENT COST 10.00% 800,000 Rp/MT SALES PRICE 5.00% RAW MATERIALS COST 5.00% 625,000 Rp/MT OTHER COSTS : - FACTORY OVERHEAD 10.00% 60,000 MTPA - SELLING EXPENSES 10.00% ENCY 0,94% ON 56,400 MTPA - GENERAL ADM. EXPENSES 10.00% - LABOUR COST 15.00% ACCOUNTS PAYABLE : IMPORT 0 MONTH LOCAL 2 MONTH YEAR 3 YEAR 4 YEAR 5 YEAR 6 YEAR 7 YEAR 8 YEAR 9 12.95% 12.99% 12.93% 12.71% 12.61% 12.49% 12.36% 10.55% 10.55% 10.42% 10.76% 10.53% 10.28% 10.00% 4.48% 4.85% 5.30% 6.60% 6.65% 6.35% 6.10% --------------- --------------- ----------------- ------------------ ------------------ ------------------ ------------------- 78.13% 78.13% 78.13% 78.13% 78.13% 78.13% 78.13% 186.23% 201.60% 220.58% 216.72% 195.12% 179.14% 166.87% 19.66% 21.27% 22.98% 23.31% 20.55% 18.41% 16.68% 23.72% 21.33% 19.66% 20.45% 17.77% 15.13% 13.25% (22,769) 5,493,865 10,850,412 15,098,128 20,322,121 25,560,214 30,834,115 57.72% 62.52% 67.09% 69.39% 77.64% 83.85% 88.69% 134.33% 151.22% 165.62% 231.14% 287.27% 337.92% 383.70% 35.16% 45.87% 59.49% 69.98% 72.97% 75.19% 76.88% 184.38% 118.01% 68.10% 42.90% 37.04% 33.00% 30.06% 64.84% 54.13% 40.51% 30.02% 27.03% 24.81% 23.12% 38.34% 21.80% 0.00% 0.00% 0.00% 0.00% 0.00% Part of Book "A to Z Entrepreneur in Practice" Writer: Harmaizar Zaharuddin
  27. 27. YEAR 10 12.20% 9.68% 5.87% ------------------- 78.13% 157.24% 15.22% 11.79% 36,146,691 92.56% 424.98% 78.22% 27.84% 21.78% 0.00% Part of Book "A to Z Entrepreneur in Practice" Writer: Harmaizar Zaharuddin

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