Team 16 business plan submission (financial appendix)

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Team 16 business plan submission (financial appendix)

  1. 1. Key Assumption 1 Currency Convertion 1$= Rp 8,552 1€= $ 1.48 1€= Rp 12,657 2 Inflation Rate 6.70% Days, Month and 3 Year 1 Month = 25 workdays 1 Year = 300 days 4 Price from supplier: Jatropha seed free (from Indocement Plantation) Used Oil Rp. 1400/ litre (from restauran chain) Spiritus Rp. 9500/ litre each price assume increasing relative based on inflation 5 All activity is assumed no account receivable and no 6 Price for CER is assumed € 17 /tonCO2/year
  2. 2. 1$= Rp 8,5521€= $ 1.481€= Rp 12,657Initial Fee per CDM Project € 75,000 = $ 111,000 = 0 1 2 3 Baseline Emission 1,610 1,610 1,610 Project Emission 0 0 0 Leakage 0 0 0 Emission Reduction 1,610 1,610 1,610Baseline emissionHousehold 2,146CO2 dari penggunaan minyak tanah per keluarga 0.75 ton/CO2 per year = 300emission per year 1,610 ton CO2Project EmissionLuas lahan Jathropa 170 ha = 1,700,000hasil per m2 0.19 liter/yearTotal hasil plant oil 321,970 liter/yearPenggunaan per kepala keluarga per tahun 150 liter/yearJumlah kepala keluarga yang dapat disupplai 2,146 kepala keluargaEmission per year 0.00kebutuhan untuk : 321,970 321,970 321,970Protos User 1,600 3,300 5,000 6,500Fuel Suplly needs 240,000 495,000 750,000 975,000Used Oil needs 300,000 350,000 428,030 653,030Spiritus requirement/week/household 0.7 litreSpiritus needs 58,240 120,120 182,000 236,600
  3. 3. Rp 949,272,000 4 5 1,610 1,610 tonCO2 per year 0 0 tonCO2 per year 0 0 tonCO2 per year 1,610 1,610 tonCO2 per yearlt/yearm2 8,000 1,200,000 liter/year 878,030 liter/year 291,200 litre/year
  4. 4. 1$=1€=1€=Initial Fee perERyfNRB,yNCVbiomassEFprojected_fossƞoldƞnewHGpy Protos UserByBy,saving
  5. 5. 1$= Rp 8,5521€= $ 1.481€= Rp 12,657Initial Fee per CDM Project € 75,000 = $ 111,000 = Rp 949,272,000 Year 0 1 2 3 4ERy 1,722.24 3,552.12 5,382.00 6,996.60fNRB,y 1.00NCVbiomass 0.02 TJ/tonnesEFprojected_fossil_fuel 71.50 tCO2/TJƞold 0.35 25 lt plant oil = 0.23ƞnew 0.55HGpy 8,999.99 TJ 1 kwh = 3599,99 Protos User = 1,600 1,700 1,700 1,500By = 4416.00 4692.00 4692.00 4140.00By,saving = 1605.818 1706.181818 1706.182 1505.454545
  6. 6. 5 8,611.20tonnes woodsTJ (2.5 Kwh) 1,500 tonnes 4140.00 tonnes 1505.454545 tonnes
  7. 7. 1$= Rp 8,5521€= $ 1.481€= Rp 12,657Initial Fee per CDM Project € 75,000 0 Baseline Emission Project Emission Leakage Emission Reductionused oil 100 ltgassoline 1 ltbiodiesel 1 ltused oil (100%) 1 ltSuplly needsUsed oil Capacity Leakage: jarak ke majalengka dari citeureup(per hari) 120 Total jarak tempuh per tahun 36,000 gassolineLeakage from program 7
  8. 8. = $ 111,000 = Rp 949,272,000 Year 1 2 3 4 5 690 805 984 1,502 2,019 tonCO2 per year 150 175 214 326 438 tonCO2 per year 7 10 15 23 35 tonCO2 per year 533 620 755 1,153 1,547 tonCO2 per year = 80 biodiesel (liters) = 2.3 kg CO2 = 0.4991 kg CO2 = 0 kg CO2 240,000 495,000 750,000 975,000 1,200,000 1,200,000 (Lt/year) 300,000 350,000 428,030 653,030 878,030 878,030 (Lt/year)kmkm1 km = 0.19 kg CO2ton CO2
  9. 9. 05-05-11Biokraftstoffe 1 $ = Rp 8,552 Rp Notes 10:36 PMRevenue Projections inflasi = 6.70%Years 1 to 5 € 1.00 = $ 1.48(Rp) € 1.00 = 12,657 Rp Year 1 Year 2 Year 3 Year 4 Year 5Protos Sales (unit) 1,600 1,700 1,700 1,500 1,500 Price per unit ($) 20 20 20 20 20 Price per unit (Rp) 171,040 171,040 171,040 171,040 171,040 Total 273,664,000 290,768,000 290,768,000 256,560,000 256,560,000 % of Revenue 8.33% 5.91% 4.49% 2.95% 2.29%Fuel (Jatropha Oil) Sales (litres) 321,970 321,970 321,970 321,970 321,970 Price per unit (Rp) 3,500 3,735 3,985 4,252 4,537 Total 1,126,893,939 1,202,395,833 1,282,956,354 1,368,914,430 1,460,631,697 % of Revenue 34.32% 24.43% 19.81% 15.74% 13.06%Used Oil Sales (litres) 300,000 350,000 428,030 653,030 878,030 Price per unit (Rp) 3,500 3,735 3,985 4,252 4,537 Total 1,050,000,000 1,307,075,000 1,705,577,271 2,776,480,561 3,983,228,556 % of Revenue 31.98% 26.55% 26.33% 31.93% 35.61%Spiritus Sales (litres) 58,240 120,120 182,000 236,600 291,200 Price per unit (Rp) 10,000 10,670 11,385 12,148 12,962 Total 582,400,000 1,281,680,400 2,072,049,980 2,874,140,527 3,774,409,775 % of Revenue 17.74% 26.04% 31.99% 33.06% 33.74%CER from CDM Project Project AMS-II.G (tCO2/year) 1,722 3,552 5,382 6,997 8,611 Project AMS-I.G (tCO2/year) 1,610 1,610 1,610 1,610 Project AMS-I.H (tCO2/year) 620 755 1,153 1,547 Price per tCO2/year (€) 17 17 17 17 17 Price per tCO2/year (Rp) 145,384 145,384 145,384 145,384 145,384 Total 250,386,140 840,613,702 1,126,333,210 1,418,861,447 1,710,830,318 % of Revenue 7.63% 17.08% 17.39% 16.32% 15.29%Net Revenue 3,283,344,080 4,922,532,936 6,477,684,815 8,694,956,965 11,185,660,347 Revenues by Months & Quarters Sales by Months & Quarters Year 1 Year 2 Year 3 Year 4 Year 5Months Year 1 Year 2 Year 3 Year 4 Year 5 Protos Jatropha Used oil Spiritus Protos Jatropha Used oil Spiritus Protos Jatropha Used oil Spiritus Protos Jatropha Used oil Spiritus Protos Jatropha Used oil SpiritusMonth 1 252,746,495 340,159,936 445,945,967 606,341,293 789,569,169 133 26,831 25,000 4,853 142 26,831 29,167 10,010 142 26,831 35,669 15,167 125 26,831 54,419 19,717 125 26,831 73,169 24,267Month 2 252,746,495 340,159,936 445,945,967 606,341,293 789,569,169 133 26,831 25,000 4,853 142 26,831 29,167 10,010 142 26,831 35,669 15,167 125 26,831 54,419 19,717 125 26,831 73,169 24,267Month 3 252,746,495 340,159,936 445,945,967 606,341,293 789,569,169 133 26,831 25,000 4,853 142 26,831 29,167 10,010 142 26,831 35,669 15,167 125 26,831 54,419 19,717 125 26,831 73,169 24,267 Total 1st Quarter 758,239,485 1,020,479,808 1,337,837,901 1,819,023,880 2,368,707,507 400 80,492 75,000 14,560 425 80,492 87,500 30,030 425 80,492 107,008 45,500 375 80,492 163,258 59,150 375 80,492 219,508 72,800Month 4 252,746,495 340,159,936 445,945,967 606,341,293 789,569,169 133 26,831 25,000 4,853 142 26,831 29,167 10,010 142 26,831 35,669 15,167 125 26,831 54,419 19,717 125 26,831 73,169 24,267Month 5 252,746,495 340,159,936 445,945,967 606,341,293 789,569,169 133 26,831 25,000 4,853 142 26,831 29,167 10,010 142 26,831 35,669 15,167 125 26,831 54,419 19,717 125 26,831 73,169 24,267Month 6 252,746,495 340,159,936 445,945,967 606,341,293 789,569,169 133 26,831 25,000 4,853 142 26,831 29,167 10,010 142 26,831 35,669 15,167 125 26,831 54,419 19,717 125 26,831 73,169 24,267 Total 2nd Quarter 758,239,485 1,020,479,808 1,337,837,901 1,819,023,880 2,368,707,507 400 80,492 75,000 14,560 425 80,492 87,500 30,030 425 80,492 107,008 45,500 375 80,492 163,258 59,150 375 80,492 219,508 72,800Month 7 252,746,495 340,159,936 445,945,967 606,341,293 789,569,169 133 26,831 25,000 4,853 142 26,831 29,167 10,010 142 26,831 35,669 15,167 125 26,831 54,419 19,717 125 26,831 73,169 24,267Month 8 252,746,495 340,159,936 445,945,967 606,341,293 789,569,169 133 26,831 25,000 4,853 142 26,831 29,167 10,010 142 26,831 35,669 15,167 125 26,831 54,419 19,717 125 26,831 73,169 24,267Month 9 252,746,495 340,159,936 445,945,967 606,341,293 789,569,169 133 26,831 25,000 4,853 142 26,831 29,167 10,010 142 26,831 35,669 15,167 125 26,831 54,419 19,717 125 26,831 73,169 24,267 Total 3rd Quarter 758,239,485 1,020,479,808 1,337,837,901 1,819,023,880 2,368,707,507 400 80,492 75,000 14,560 425 80,492 87,500 30,030 425 80,492 107,008 45,500 375 80,492 163,258 59,150 375 80,492 219,508 72,800Month 10 252,746,495 340,159,936 445,945,967 606,341,293 789,569,169 133 26,831 25,000 4,853 142 26,831 29,167 10,010 142 26,831 35,669 15,167 125 26,831 54,419 19,717 125 26,831 73,169 24,267Month 11 252,746,495 340,159,936 445,945,967 606,341,293 789,569,169 133 26,831 25,000 4,853 142 26,831 29,167 10,010 142 26,831 35,669 15,167 125 26,831 54,419 19,717 125 26,831 73,169 24,267Month 12 503,132,635 1,180,773,638 1,572,279,177 2,025,202,740 2,500,399,488 133 26,831 25,000 4,853 142 26,831 29,167 10,010 142 26,831 35,669 15,167 125 26,831 54,419 19,717 125 26,831 73,169 24,267 Total 4th Quarter 1,008,625,625 1,861,093,511 2,464,171,111 3,237,885,326 4,079,537,826 400 80,492 75,000 14,560 425 80,492 87,500 30,030 425 80,492 107,008 45,500 375 80,492 163,258 59,150 375 80,492 219,508 72,800 Total for year 3,283,344,080 4,922,532,936 6,477,684,815 8,694,956,965 11,185,660,347 1,600 321,970 300,000 58,240 1,700 321,970 350,000 120,120 1,700 321,970 428,030 182,000 1,500 321,970 653,030 236,600 1,500 321,970 878,030 291,200 0 0 0 0 0 Unit Litres Litres Litres Unit Litres Litres Litres Unit Litres Litres Litres Unit Litres Litres Litres Unit Litres Litres LitresAverage Revenue by Month 273,612,007 410,211,078 539,807,068 724,579,747 932,138,362 by Quarter 820,836,020 1,230,633,234 1,619,421,204 2,173,739,241 2,796,415,087
  10. 10. 05-05-11Biokraftstoffe 1$ = 8,552 Rp Notes 10:36 PMCost of Revenues inflasi = 6.70%Years 1 to 5 € 1.00 = $ 1.48(Rp) € 1.00 = 12,657 Rp Year 1 Year 2 Year 3 Year 4 Year 5Revenue 3,283,344,080 4,922,532,936 6,477,684,815 8,694,956,965 11,185,660,347Cost of RevenueProtos 42,760 COGM per Unit ($) 50 50 50 50 50 COGM per Unit (Rp) 427,600 427,600 427,600 427,600 427,600 Discount for retail/cooperative ($) 3 3 3 3 3 Discount for retail/cooperative (Rp) 25,656 25,656 25,656 25,656 25,656 Subsidy for user per Unit ($) 15 15 15 15 15 Subsidy for user per Unit (Rp) 128,280 128,280 128,280 128,280 128,280 Transportation cost per unit 200 213 228 0 0 Total Direct Costs per Unit (Rp) 581,736 581,749 581,764 581,536 581,536 Unit Sales 1,600 1,700 1,700 1,500 1,500 Total Direct Costs 930,777,600 988,973,980 988,998,286 872,304,000 872,304,000 % of Revenue 28.35% 20.09% 15.27% 10.03% 7.80% Gross margin -240% -240% -240% -240% -240%Jatropha Oil Price of Jatropha seed from partner 0 0 0 0 0 Processing & Transportation Cost per unit 1,500 1,601 1,708 1,822 1,944 Total Direct Costs per Unit 1,500 1,601 1,708 1,822 1,944 Unit Sales 321,970 321,970 321,970 321,970 321,970 Total Direct Costs 482,954,545 515,312,500 549,838,438 586,677,613 625,985,013 % of Revenue 14.71% 10.47% 8.49% 6.75% 5.60% Gross margin 57.14% 57.14% 57.14% 57.14% 57.14%Used Oil Price of Used Oil from source 1400 1494 1594 1701 1815 Transportation cost from source 200 213 228 243 259 Distribution cost to buyer & consumen 200 213 228 243 259 Filtering cost 10 11 11 12 13 Total Direct Costs per Unit 1810 1931 2061 2199 2346 Unit Sales 300,000 350,000 428,030 653,030 878,030 Total Direct Costs 543,000,000 675,944,500 882,027,103 1,435,837,090 2,059,898,196 % of Revenue 16.54% 13.73% 13.62% 16.51% 18.42% Gross margin 48.29% 48.29% 48.29% 48.29% 48.29%Spiritus Price from supplier 9,500 10,137 10,816 11,540 12,313 Distribution cost 200 213 228 243 259 Total Direct Costs per Unit 9,700 10,350 11,043 11,783 12,573 Unit Sales 58,240 120,120 182,000 236,600 291,200 Total Direct Costs 564,928,000 1,243,229,988 2,009,888,481 2,787,916,311 3,661,177,482 % of Revenue 17.21% 25.26% 31.03% 32.06% 32.73% Gross margin 3.00% 3.00% 3.00% 3.00% 3.00%CDM Project Auditor fee ($) 20,000 20,000 20,000 20,000 Auditor fee (Rp) 171,040,000 171,040,000 171,040,000 171,040,000 Total CDM Project Cost 0 171,040,000 171,040,000 171,040,000 171,040,000 All other costs % of Revenue 0.5% 16,416,720 24,612,665 32,388,424 43,474,785 55,928,302 Total Cost of Revenues 2,538,076,866 3,619,113,633 4,634,180,731 5,897,249,799 7,446,332,993 % of Revenue 77.3% 73.5% 71.5% 67.8% 66.6% Cost of Revenues by Months & Quarters (Rp) Year 1 Year 2 Year 3 Year 4 Year 5Month 1 195,377,035 250,090,244 319,032,844 411,243,677 525,618,942Month 2 195,377,035 250,090,244 319,032,844 411,243,677 525,618,942Month 3 195,377,035 250,090,244 319,032,844 411,243,677 525,618,942 Total 1st Quarter 586,131,106 750,270,731 957,098,531 1,233,731,030 1,576,856,825Month 4 195,377,035 250,090,244 319,032,844 411,243,677 525,618,942Month 5 195,377,035 250,090,244 319,032,844 411,243,677 525,618,942Month 6 195,377,035 250,090,244 319,032,844 411,243,677 525,618,942 Total 2nd Quarter 586,131,106 750,270,731 957,098,531 1,233,731,030 1,576,856,825Month 7 195,377,035 250,090,244 319,032,844 411,243,677 525,618,942Month 8 195,377,035 250,090,244 319,032,844 411,243,677 525,618,942Month 9 195,377,035 250,090,244 319,032,844 411,243,677 525,618,942 Total 3rd Quarter 586,131,106 750,270,731 957,098,531 1,233,731,030 1,576,856,825Month 10 195,377,035 250,090,244 319,032,844 411,243,677 525,618,942Month 11 195,377,035 250,090,244 319,032,844 411,243,677 525,618,942Month 12 388,929,479 868,120,951 1,124,819,449 1,373,569,357 1,664,524,634 Total 4th Quarter 779,683,549 1,368,301,438 1,762,885,137 2,196,056,710 2,715,762,518 Total for year 2,538,076,866 3,619,113,633 4,634,180,731 5,897,249,799 7,446,332,993
  11. 11. 05-05-11Biokraftstoffe 1 $ = 8,552 Rp Notes 10:36 PMOperating Expenses inflasi = 6.70%Years 1 to 5 € 1.00 = $ 1.48(Rp) € 1.00 = 12,657 Rp Year 1 Year 2 Year 3 Year 4 Year 5Net Revenues 3,283,344,080 4,922,532,936 6,477,684,815 8,694,956,965 11,185,660,347 Activities Year 1 Year 2 Year 3 Year 4 Year 5 Promotion Activities 58,293,360 60,693,360 60,693,360 55,893,360 55,893,360Sales & Marketing Marketing tools 2,940,000 2,940,000 2,940,000 2,940,000 2,940,000 Drivers Training for Trainers 900,000 900,000 900,000 900,000 900,000 Salaries and Benefits 118,800,000 126,759,600 135,252,493 144,314,410 153,983,476 Total 62,133,360 64,533,360 64,533,360 59,733,360 59,733,360 Commissions % of Revenue 5.00% 164,167,204 246,126,647 323,884,241 434,747,848 559,283,017 Promotion Activities 58,293,360 60,693,360 60,693,360 55,893,360 55,893,360 Marketing Tools 2,940,000 2,940,000 2,940,000 2,940,000 2,940,000 Training for Trainer 900,000 900,000 900,000 900,000 900,000 Total Sales and Marketing 345,100,564 437,419,607 523,670,094 638,795,619 772,999,853 % of Revenue 10.5% 8.9% 8.1% 7.3% 6.9%General, Operational & Administration Drivers Promotion Activity YEAR 1 Salaries and Benefits 423,450,000 451,821,150 490,802,608 523,686,383 568,688,973 Program Period Target buyers (per period) Target buyers (year) Jumlah Depreciation 64,141,414 5,808,081 8,087,121 10,366,162 10,366,162 Bundling system Every month 84 1008 Rent Office 60,000,000 64,020,000 68,309,340 72,886,066 77,769,432 82,979,984 With Regular promotion 40,320,000 Utilities 12,000,000 12,804,000 13,661,868 14,577,213 15,553,886 Cooking competition Every 6 month 25 50 2,000,000 Total General,Op & Administration 559,591,414 534,453,231 580,860,937 621,515,823 672,378,453 Food bazaar in Independence day Once a year 50 50 4,300,000 % of Revenue 17.0% 10.9% 9.0% 7.1% 6.0% Microfinance program Every 4 month 132 396 9,504,000 Membership Every month 3 36 630,000 All other expenses % of Revenue 0.50% 16,416,720 24,612,665 32,388,424 43,474,785 55,928,302 Member get Member Every month 5 60 1,539,360Total Operating Expenses 921,108,699 996,485,502 1,136,919,455 1,303,786,227 1,501,306,608 TOTAL NUMBER OF BUYERS YEAR 1 1600 buyers 58,293,360 % of Revenue 28.1% 20.2% 17.6% 15.0% 13.4% YEAR 2 Program Period Target buyers (per period) Target buyers (year) JumlahAllocation of Operating Expenses between: Bundling system Every month 84 1008 40,320,000Variable 781,127,284 910,013,421 1,043,021,126 1,202,116,786 1,393,777,128 With Regular promotion % of Total Operating Expense 85.16% 91.68% 92.05% 92.47% 93.08% Cooking competition Every 6 month 25 50 2,000,000Fixed 136,141,414 82,632,081 90,058,329 97,829,441 103,689,480 Food bazaar in Independence day Once a year 50 50 4,300,000 % of Total Operating Expense 14.84% 8.32% 7.95% 7.53% 6.92% Microfinance program Every 4 month 165 496 11,904,000 Total 917,268,699 992,645,502 1,133,079,455 1,299,946,227 1,497,466,608 Membership Every month 3 36 630,000 Member get Member Every month 5 60 1,539,360 TOTAL NUMBER OF BUYERS YEAR 2 1700 buyers 60,693,360
  12. 12. Sales & Marketing by Months & Quarters YEAR 3 05-05-11 10:36 PM (Rp) Program Period Target buyers (per period) Target buyers (year) Jumlah Year 1 Year 2 Year 3 Year 4 Year 5 Bundling system Every month 84 1008 40,320,000Month 1 26,565,281 30,226,842 36,051,239 44,546,300 54,564,222 With Regular promotionMonth 2 26,565,281 30,226,842 36,051,239 44,546,300 54,564,222 Cooking competition Every 6 month 25 50 2,000,000Month 3 26,565,281 30,226,842 36,051,239 44,546,300 54,564,222 Food bazaar in Independence day Once a year 50 50 4,300,000 Total 1st Quarter 79,695,843 90,680,526 108,153,718 133,638,900 163,692,665 Microfinance program Every 4 month 165 496 11,904,000Month 4 26,565,281 30,226,842 36,051,239 44,546,300 54,564,222 Membership Every month 3 36 630,000Month 5 26,565,281 30,226,842 36,051,239 44,546,300 54,564,222 Member get Member Every month 5 60 1,539,360 TOTAL NUMBER OF BUYERS YEAR 3 1700 buyersMonth 6 26,565,281 30,226,842 36,051,239 44,546,300 54,564,222 60,693,360 Total 2nd Quarter 79,695,843 90,680,526 108,153,718 133,638,900 163,692,665 YEAR 4Month 7 26,565,281 30,226,842 36,051,239 44,546,300 54,564,222 Program Period Target buyers (per period) Target buyers (year) JumlahMonth 8 26,565,281 30,226,842 36,051,239 44,546,300 54,564,222 Bundling system Every month 84 1008 40,320,000Month 9 26,565,281 30,226,842 36,051,239 44,546,300 54,564,222 With Regular promotion Total 3rd Quarter 79,695,843 90,680,526 108,153,718 133,638,900 163,692,665 Cooking competition Every 6 month 25 50 2,000,000Month 10 26,565,281 30,226,842 36,051,239 44,546,300 54,564,222 Food bazaar in Independence day Once a year 50 50 4,300,000Month 11 26,565,281 30,226,842 36,051,239 44,546,300 54,564,222 Microfinance program Every 4 month 98 296 7,104,000Month 12 52,882,473 104,924,344 127,106,460 148,786,319 172,793,414 Membership Every month 3 36 630,000 Total 4th Quarter 106,013,035 165,378,028 199,208,939 237,878,919 281,921,857 Member get Member Every month 5 60 1,539,360 TOTAL NUMBER OF BUYERS YEAR 3 1500 buyers Total for year 345,100,564 437,419,607 523,670,094 638,795,619 772,999,853 55,893,360 YEAR 5 Program Period Target buyers (per period) Target buyers (year) Jumlah General,Operational and Administrative by Months & Quarters Bundling system Every month 84 1008 40,320,000 (Rp) With Regular promotion Year 1 Year 2 Year 3 Year 4 Year 5 Cooking competition Every 6 month 25 50 2,000,000Month 1 43,076,438 36,932,120 39,988,453 43,341,297 47,461,596 Food bazaar in Independence day Once a year 50 50 4,300,000Month 2 43,076,438 36,932,120 39,988,453 43,341,297 47,461,596 Microfinance program Every 4 month 98 296 7,104,000Month 3 43,076,438 36,932,120 39,988,453 43,341,297 47,461,596 Membership Every month 3 36 630,000 Total 1st Quarter 129,229,315 110,796,360 119,965,358 130,023,890 142,384,789 Member get Member Every month 5 60 1,539,360 TOTAL NUMBER OF BUYERS YEAR 3 1500 buyersMonth 4 43,076,438 36,932,120 39,988,453 43,341,297 47,461,596 55,893,360Month 5 43,076,438 36,932,120 39,988,453 43,341,297 47,461,596Month 6 43,076,438 36,932,120 39,988,453 43,341,297 47,461,596 Total 2nd Quarter 129,229,315 110,796,360 119,965,358 130,023,890 142,384,789Month 7 43,076,438 36,932,120 39,988,453 43,341,297 47,461,596Month 8 43,076,438 36,932,120 39,988,453 43,341,297 47,461,596Month 9 43,076,438 36,932,120 39,988,453 43,341,297 47,461,596 Total 3rd Quarter 129,229,315 110,796,360 119,965,358 130,023,890 142,384,789Month 10 43,076,438 36,932,120 39,988,453 43,341,297 47,461,596Month 11 43,076,438 36,932,120 39,988,453 43,341,297 47,461,596Month 12 85,750,593 128,199,911 140,987,958 144,761,562 150,300,893 Total 4th Quarter 171,903,470 202,064,151 220,964,863 231,444,155 245,224,086 Total for year 559,591,414 534,453,231 580,860,937 621,515,823 672,378,453
  13. 13. 05-05-11 10:36 PMBiokraftstoffe 1$ = 8,552 Rp NotesPersonnel inflasi = 6.70%Years 1 to 5 € 1.00 = $ 1.48(Rp) € 1.00 = 12,657 Rp Year 1 Year 2 Year 3 Year 4 Year 5Net Revenues 3,283,344,080 4,922,532,936 6,477,684,815 8,694,956,965 11,185,660,347Sales & Marketing Marketing Manager 36,000,000 38,412,000 40,985,604 43,731,639 46,661,659 Customer service 9,000,000 9,603,000 10,246,401 10,932,910 11,665,415 Tech support 18,000,000 19,206,000 20,492,802 21,865,820 23,330,830 Sales Person 45,000,000 48,015,000 51,232,005 54,664,549 58,327,074 Total Salary 108,000,000 115,236,000 122,956,812 131,194,918 139,984,978 Benefits Percent (%) 10% 10% 10% 10% 10% Total benefit costs 10,800,000 11,523,600 12,295,681 13,119,492 13,998,498 Total S & M Compensation 118,800,000 126,759,600 135,252,493 144,314,410 153,983,476 % of Revenue 3.6% 2.6% 2.1% 1.7% 1.4%General & Administration Chief Executive Officer 48,000,000 51,216,000 54,647,472 58,308,853 62,215,546 Chief Financial Officer 36,000,000 38,412,000 40,985,604 43,731,639 46,661,659 HR Manager 36,000,000 38,412,000 40,985,604 43,731,639 46,661,659 HR Staff 21,000,000 22,407,000 23,908,269 25,510,123 27,219,301 Accounting 42,000,000 44,814,000 47,816,538 51,020,246 54,438,603 Clerks and admin personnel 42,000,000 44,814,000 47,816,538 51,020,246 54,438,603 Total Salary 225,000,000 240,075,000 256,160,025 273,322,747 291,635,371 Benefits Percent (%) 10% 10% 10% 10% 10% Total benefit costs 22,500,000 24,007,500 25,616,003 27,332,275 29,163,537Total G & A Compensation 247,500,000 264,082,500 281,776,028 300,655,021 320,798,908 % of Revenue 7.5% 5.4% 4.3% 3.5% 2.9%
  14. 14. 05-05-11 10:36 PMCost of Revenue Operational Operations Manager 36,000,000 38,412,000 40,985,604 43,731,639 46,661,659 Staff 63,000,000 67,221,000 71,724,807 76,530,369 81,657,904 Labor 54,000,000 57,618,000 61,478,406 65,597,459 69,992,489 Total Salary 153,000,000 163,251,000 174,188,817 185,859,468 198,312,052 Benefits Percent (%) 15% 15% 20% 20% 25% Total benefit costs 22,950,000 24,487,650 34,837,763 37,171,894 49,578,013 Total Salary Costs 175,950,000 187,738,650 209,026,580 223,031,361 247,890,065Total CORs Compensation 175,950,000 187,738,650 209,026,580 223,031,361 247,890,065 % of Revenue 5.4% 3.8% 3.2% 2.6% 2.2%Total Salary & Wages 486,000,000 518,562,000 553,305,654 590,377,133 629,932,401Total Benefits 56,250,000 60,018,750 72,749,447 77,623,660 92,740,048Total Compensation 542,250,000 578,580,750 626,055,101 668,000,793 722,672,449 % of Revenue 16.5% 11.8% 9.7% 7.7% 6.5%
  15. 15. 05-05-11Biokraftstoffe 1$ = 8,552 Rp Notes PM 10:36Taxes inflasi = 6.70%Years 1 to 5 € 1.00 = $ 1.48(Rp) € 1.00 = 12,657 Rp Year 1 Year 2 Year 3 Year 4 Year 5Net Revenues 3,283,344,080 4,922,532,936 6,477,684,815 8,694,956,965 11,185,660,347Income Tax (Rate Federal & State) 10% 10% 10% 10% 10%Net Earnings Before Taxes (203,690,669) 295,586,960 698,600,412 1,489,702,863 2,238,020,746 Cumulative (203,690,669) 91,896,290 790,496,702 2,280,199,565 4,518,220,311Taxes 0 (29,558,696) (69,860,041) (148,970,286) (223,802,075) Percent of Revenues 0.0% -0.6% -1.1% -1.7% -2.0%
  16. 16. 05-05-11 10:36 PMBiokraftstoffe 1$ = 8,552 RpProperty and Equipment inflasi = 6.70%Years 1 to 5 € 1.00 = $ 1.48(Rp) € 1.00 = 12,657 Rp Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 PurchasedNet Revenues Assets 3,283,344,080 4,922,532,936 6,477,684,815 8,694,956,965 11,185,660,347Capital Expenditures Prepaid Rent of Depo & Office 60,000,000 Oil Drum (100 litre capacity) 25,915,404 15,498,737 16,666,667 22,790,404 22,790,404 Oil Galon (5 litre capacity) 10,000,000 Peeling Machine 20,000,000 Filtering Machine 5,000,000 Press Machine 20,000,000 Other Equipment 1,000,000 Total Capital Expenditures 141,915,404 15,498,737 16,666,667 22,790,404 22,790,404 0 % of Revenue 0.5% 0.3% 0.4% 0.3% 0.0%Depreciation on Rent of Depo & Office (allocated to Cost of Revenue) Depreciation Rate: Years 1 1 1 1 1 1 Year 0 60,000,000 0 0 0 0 Year 1 0 0 0 0 0 Year 2 0 0 0 0 Year 3 0 0 0 Year 4 0 0 Year 5 0 Total Depreciation 60,000,000 0 0 0 0Depreciation Oil Drum and Depo Equipment (allocated to Cost of Revenue) Depreciation Rate: Years 10 10 10 10 10 10 Year 0 2,591,540 2,591,540 2,591,540 2,591,540 2,591,540 Year 1 1,549,874 1,549,874 1,549,874 1,549,874 1,549,874 Year 2 1,666,667 1,666,667 1,666,667 1,666,667 Year 3 2,279,040 2,279,040 2,279,040 Year 4 2,279,040 2,279,040 Year 5 0 Total Depreciation 4,141,414 5,808,081 8,087,121 10,366,162 10,366,162Depreciation Office Utilities (allocated to General & Administrative Expenses) Depreciation Rate: Years 1 1 1 1 1 1 Year 0 1,000,000 0 0 0 0 Year 1 0 0 0 0 0 Year 2 0 0 0 0 Year 3 0 0 0 Year 4 0 0 Year 5 0 Total Depreciation 1,000,000 0 0 0 0Total Depreciation 65,141,414 5,808,081 8,087,121 10,366,162 10,366,162 % of Revenue 2.0% 0.1% 0.1% 0.1% 0.1%Property & Equipment Gross Asset Value 141,915,404 157,414,141 174,080,808 196,871,212 219,661,616 219,661,616 Accumulated Depreciation 65,141,414 70,949,495 79,036,616 89,402,778 99,768,939 Net Property and Equipment 141,915,404 92,272,727 103,131,313 117,834,596 130,258,838 119,892,677 % of Revenue 2.8% 2.1% 1.8% 1.5% 1.1% Capital Expenditures by Months & Quarters (Rp) Year 1 Year 2 Year 3 Year 4 Year 5Month 1 15,498,737Month 2Month 3 Total 1st Quarter 15,498,737 0 0 0 0Month 4Month 5Month 6 Total 2nd Quarter 0 0 0 0 0Month 7Month 8Month 9 Total 3rd Quarter 0 0 0 0 0Month 10Month 11
  17. 17. 05-05-11 10:36 PMMonth 12 Total 4th Quarter 0 0 0 0 0 Total for year 15,498,737 0 0 0 0
  18. 18. 05-05-11 10:36 PMNotes
  19. 19. 05-05-11Biokraftstoffe 1$ = 8,552 Rp Notes 10:36 PMWorking Capital inflasi = 6.70%Years 1 to 5 € 1.00 = $ 1.48(Rp) € 1.00 = 12,657 Rp Year 1 Year 2 Year 3 Year 4 Year 5Net Revenues 3,283,344,080 4,922,532,936 6,477,684,815 8,694,956,965 11,185,660,347Accounts Receivable % of Revenue Days Outstanding 0 0 0 0 0 Accounts Receivable 0 0 0 0 0 (Increase)/Decrease from Prev. Period 0 0 0 0 0Inventory % of Revenue Inventory Turns 0 0 0 0 0 Inventory Days 0 0 0 0 0 Inventory 0 0 0 0 0 (Increase)/Decrease from Prev. Period 0 0 0 0 0Other Current Assets % of Revenue Days 0 0 0 0 0 Other CA Value 0 0 0 0 0 (Increase)/Decrease from Prev. Period 0 0 0 0 0Accounts Payable & Accrued Expenses % of Revenue Days 0 0 0 0 0 AP & Accrued Value 0 0 0 0 0 Increase/(Decrease) from Prev. Period 0 0 0 0 0Other Current Liabilites % of Revenue 0.0% 0.0% 0.0% 0.0% 0.0% Days 0 0 0 0 0 Other Current Liabilities 0 0 0 0 0 Increase/(Decrease) from Prev. Period 0 0 0 0 0Net Working Capital 0 0 0 0 0Revenues by Months & Quarters (Rp) Year 1 Year 2 Year 3 Year 4 Year 5Month 1 252,746,495 340,159,936 445,945,967 606,341,293 789,569,169Month 2 252,746,495 340,159,936 445,945,967 606,341,293 789,569,169Month 3 252,746,495 340,159,936 445,945,967 606,341,293 789,569,169 Total 1st Quarter 758,239,485 1,020,479,808 1,337,837,901 1,819,023,880 2,368,707,507Month 4 252,746,495 340,159,936 445,945,967 606,341,293 789,569,169Month 5 252,746,495 340,159,936 445,945,967 606,341,293 789,569,169Month 6 252,746,495 340,159,936 445,945,967 606,341,293 789,569,169 Total 2nd Quarter 758,239,485 1,020,479,808 1,337,837,901 1,819,023,880 2,368,707,507Month 7 252,746,495 340,159,936 445,945,967 606,341,293 789,569,169Month 8 252,746,495 340,159,936 445,945,967 606,341,293 789,569,169Month 9 252,746,495 340,159,936 445,945,967 606,341,293 789,569,169 Total 3rd Quarter 758,239,485 1,020,479,808 1,337,837,901 1,819,023,880 2,368,707,507Month 10 252,746,495 340,159,936 445,945,967 606,341,293 789,569,169Month 11 252,746,495 340,159,936 445,945,967 606,341,293 789,569,169Month 12 503,132,635 1,180,773,638 1,572,279,177 2,025,202,740 2,500,399,488 Total 4th Quarter 1,008,625,625 1,861,093,511 2,464,171,111 3,237,885,326 4,079,537,826 Total for year 3,283,344,080 4,922,532,936 6,477,684,815 8,694,956,965 11,185,660,347Accounts Receivable by Months & Quarters (Rp) Year 1 Year 2 Year 3 Year 4 Year 5Month 1 - - - - -Month 2 - - - - -Month 3 - - - - -Month 4 - - - - -Month 5 - - - - -Month 6 - - - - -Month 7 - - - - -Month 8 - - - - -Month 9 - - - - -Month 10 - - - - -Month 11 - - - - -Month 12 - - - - -Inventory by Months & Quarters (Rp) Year 1 Year 2 Year 3 Year 4 Year 5Month 1 - - - - -Month 2 - - - - -Month 3 - - - - -Month 4 - - - - -Month 5 - - - - -Month 6 - - - - -Month 7 - - - - -Month 8 - - - - -Month 9 - - - - -Month 10 - - - - -Month 11 - - - - -
  20. 20. Month 12 - - - - - 05-05-11 10:36 PMOther Current Assets by Months & Quarters (Rp) Year 1 Year 2 Year 3 Year 4 Year 5Month 1 - - - - -Month 2 - - - - -Month 3 - - - - -Month 4 - - - - -Month 5 - - - - -Month 6 - - - - -Month 7 - - - - -Month 8 - - - - -Month 9 - - - - -Month 10 - - - - -Month 11 - - - - -Month 12 - - - - -
  21. 21. Accounts Payble & Accrued Expenses by Months & Quarters 05-05-11 10:36 PM (Rp) Year 1 Year 2 Year 3 Year 4 Year 5Month 1 - - - - -Month 2 - - - - -Month 3 - - - - -Month 4 - - - - -Month 5 - - - - -Month 6 - - - - -Month 7 - - - - -Month 8 - - - - -Month 9 - - - - -Month 10 - - - - -Month 11 - - - - -Month 12 - - - - -Other Current Liabilities by Months & Quarters (Rp) Year 1 Year 2 Year 3 Year 4 Year 5Month 1 - - - - -Month 2 - - - - -Month 3 - - - - -Month 4 - - - - -Month 5 - - - - -Month 6 - - - - -Month 7 - - - - -Month 8 - - - - -Month 9 - - - - -Month 10 - - - - -Month 11 - - - - -Month 12 - - - - -
  22. 22. 05-05-11Biokraftstoffe 1$ = 8,552 Rp 10:36 PMFunding Projections inflasi = 6.70%Years 1 to 5 € 1.00 = $ 1.48(Rp) € 1.00 = 12,657 RpProperty & Equipment Gross Asset Value 141,915,404 157,414,141 174,080,808 196,871,212 219,661,616 219,661,616 Accumulated Depreciation 65,141,414 70,949,495 79,036,616 89,402,778 99,768,939 Net Property and Equipment 141,915,404 92,272,727 103,131,313 117,834,596 130,258,838 119,892,677 % of Revenue 12.42% 11.59% 7.66% 6.93% 5.48% Begin Year 1 Year 2 Year 3 Year 4 Year 5Beginning Cash 50,000,000Equity Common 50,000,000 50,000,000 50,000,000 50,000,000 50,000,000 50,000,000 Increase / (Decrease) Previous Period 0 0 0 0 0 Total Equity 50,000,000 50,000,000 50,000,000 50,000,000 50,000,000 50,000,000Debt Short Term Debt 150,000,000 Increase / (Decrease) Previous Period 150,000,000 (150,000,000) 0 0 0 Long Term Debt Current Portion 39,368,714 39,368,714 39,368,714 39,368,714 39,368,714 Long Term Portion 141,915,404 119,576,538 94,557,009 66,535,136 35,150,638 0 Total Long Term Debt 141,915,404 119,576,538 94,557,009 66,535,136 35,150,638 0 Increase / (Decrease) Previous Period Current Portion 0 0 0 0 0 Long Term Portion (22,338,866) (25,019,530) (28,021,873) (31,384,498) (35,150,638) Total Long Term Debt 141,915,404 (22,338,866) (25,019,530) (28,021,873) (31,384,498) (35,150,638)Total Equity & Debt 191,915,404 319,576,538 144,557,009 116,535,136 85,150,638 50,000,000Partnership ContributionBSH (European Charity Program) 1,898,544,000Indocement (Heidelberg Cement Group)Shell Foundation (Indonesia) 949,272,000 Total Partnership Contribution 949,272,000 1,898,544,000 0 0 0 0Interest Interest Rate Short Term Debt 9.0% 9.0% 9.0% 9.0% 9.0% Long Term Debt 12.0% 12.0% 12.0% 12.0% 12.0% Interest Expense Short Term Debt 13,500,000 0 0 0 0 Long Term Debt 14,349,185 11,346,841 7,984,216 4,218,077 0 Total Interest 27,849,185 11,346,841 7,984,216 4,218,077 0 Interest Income Interest Rate 4.0% 4.0% 4.0% 4.0% 4.0% Interest Income 0 0 0 0 0Retained Earnings Net Income (203,690,669) 266,028,264 628,740,371 1,340,732,576 2,014,218,671 Dividends Increase / (Decrease) Retained Earnings (203,690,669) 266,028,264 628,740,371 1,340,732,576 2,014,218,671 Beginning Retained Earnings 0 (203,690,669) 62,337,594 691,077,965 2,031,810,542 Ending Retained Earnings (203,690,669) 62,337,594 691,077,965 2,031,810,542 4,046,029,213 Cost of Debt 21.00% Cost of Equity 0.00% Cost of Capital 21.00%
  23. 23. 05-05-11Biokraftstoffe 1$ = 8,552 Rp 10:36 PMIncome Statement inflasi = 6.70%Years 1 to 5 € 1.00 = $ 1.48(Rp) € 1.00 = 12,657 Rp Year 1 Year 2 Year 3 Year 4 Year 5NET REVENUES 3,283,344,080 4,922,532,936 6,477,684,815 8,694,956,965 11,185,660,347COST OF REVENUE 2,538,076,866 3,619,113,633 4,634,180,731 5,897,249,799 7,446,332,993 % of Revenues 77.3% 73.5% 71.5% 67.8% 66.6%GROSS PROFIT 745,267,214 1,303,419,303 1,843,504,084 2,797,707,166 3,739,327,354 % of Revenues 22.7% 26.5% 28.5% 32.2% 33.4%OPERATING EXPENSES Sales & Marketing 345,100,564 437,419,607 523,670,094 638,795,619 772,999,853 General and Administration 559,591,414 534,453,231 580,860,937 621,515,823 672,378,453 All other expenses 16,416,720 24,612,665 32,388,424 43,474,785 55,928,302 Total Operating Expenses 921,108,699 996,485,502 1,136,919,455 1,303,786,227 1,501,306,608 % of Revenues 28.05% 20.24% 17.55% 14.99% 13.42%EARNINGS BEFORE INTEREST & TAXES (175,841,485) 306,933,801 706,584,628 1,493,920,939 2,238,020,746INTEREST INCOME / (EXPENSE) (27,849,185) (11,346,841) (7,984,216) (4,218,077) (0)NET EARNINGS BEFORE TAXES (203,690,669) 295,586,960 698,600,412 1,489,702,863 2,238,020,746TAXES 0 (29,558,696) (69,860,041) (148,970,286) (223,802,075)NET EARNINGS (203,690,669) 266,028,264 628,740,371 1,340,732,576 2,014,218,671 % of Revenues -6.2% 5.4% 9.7% 15.4% 18.0%
  24. 24. 05-05-11Biokraftstoffe 1$ = 8,552 10:36 PMBalance Sheet inflasi = 6.70%Years 1 to 5 € 1.00 = $ 1.48(Rp) € 1.00 = 12,657 Begin Year 1 Year 2 Year 3ASSETS CURRENT ASSETS Cash 50,000,000 23,613,142 103,763,290 689,778,505 Accounts Receivable 0 0 0 Inventories 0 0 0 Other Current Assets 0 0 0 Total Current Assets 50,000,000 23,613,142 103,763,290 689,778,505 PROPERTY & EQUIPMENT 141,915,404 92,272,727 103,131,313 117,834,596 TOTAL ASSETS 191,915,404 115,885,869 206,894,603 807,613,101LIABILITIES & SHAREHOLDERS EQUITY CURRENT LIABILITIES Short Term Debt 0 150,000,000 0 0 Accounts Payable & Accrued Expen 0 0 0 Other Current Liab 0 0 0 Total Current Liabilities 0 150,000,000 0 0 LONG TERM DEBT 141,915,404 119,576,538 94,557,009 66,535,136 STOCKHOLDERS EQUITY Capital 50,000,000 50,000,000 50,000,000 50,000,000 Retained Earnings (203,690,669) 62,337,594 691,077,965 Total Equity 50,000,000 (153,690,669) 112,337,594 741,077,965 TOTAL LIABILITIES & EQUITY 191,915,404 115,885,869 206,894,603 807,613,101 0 0 0 0
  25. 25. 05-05-11Rp 10:36 PMRp Year 4 Year 5 1,986,702,341 3,976,136,536 0 0 0 0 0 0 1,986,702,341 3,976,136,536 130,258,838 119,892,677 2,116,961,179 4,096,029,213 0 0 0 0 0 0 0 0 35,150,638 0 50,000,000 50,000,000 2,031,810,542 4,046,029,213 2,081,810,542 4,096,029,213 2,116,961,179 4,096,029,213 0 0
  26. 26. 05-05-11Biokraftstoffe 1$ = 8,552 Rp 10:36 PMCash Flow Statememt inflasi = 6.70%Years 1 to 5 € 1.00 = $ 1.48(Rp) € 1.00 = 12,657 Rp Begin Year 1 Year 2 Year 3 Year 4OPERATING ACTIVITIES Net Earnings (203,690,669) 266,028,264 628,740,371 1,340,732,576 Depreciation 65,141,414 5,808,081 8,087,121 10,366,162 Working Capital Changes (Increase)/Decrease Accounts Receivable 0 0 0 0 (Increase)/Decrease Inventories 0 0 0 0 (Increase)/Decrease Other Current Assets 0 0 0 0 Increase/(Decrease) Accts Pay & Accrd Expenses 0 0 0 0 Increase/(Decrease) Other Current Liab 0 0 0 0 Net Cash Provided/(Used) by Operating Activities (138,549,255) 271,836,345 636,827,492 1,351,098,738INVESTING ACTIVITIES Property & Equipment (141,915,404) (15,498,737) (16,666,667) (22,790,404) (22,790,404) Initial Fee for CDM Project Project AMS-II.G (949,272,000) Project AMS-I.G (949,272,000) Project AMS-I.H (949,272,000) Net Cash Used in Investing Activities (1,091,187,404) (1,914,042,737) (16,666,667) (22,790,404) (22,790,404)FINANCING ACTIVITIES Increase/(Decrease) Short Term Debt 150,000,000 (150,000,000) 0 0 Increase/(Decrease) Long Term Debt 141,915,404 (22,338,866) (25,019,530) (28,021,873) (31,384,498) Increase/(Decrease) Owners Capital 50,000,000 0 0 0 0 Increase/(Decrease) Partnership Contribution 949,272,000 1,898,544,000 0 0 0 Dividends Declared 0 0 0 0 Net Cash Provided / (Used) by Financing 1,141,187,404 2,026,205,134 (175,019,530) (28,021,873) (31,384,498)INCREASE/(DECREASE) IN CASH 50,000,000 (26,386,858) 80,150,148 586,015,215 1,296,923,836CASH AT BEGINNING OF YEAR 50,000,000 23,613,142 103,763,290 689,778,505CASH AT END OF YEAR 50,000,000 23,613,142 103,763,290 689,778,505 1,986,702,341 (1,091,187,404) 23,613,142 103,763,290 689,778,505 1,986,702,341NPV 1,527,558,148IRR 53%MIRR 44%
  27. 27. 05-05-11 10:36 PM Year 52,014,218,671 10,366,162 0 0 0 0 02,024,584,833 0 0 0 (35,150,638) 0 0 0 (35,150,638)1,989,434,1951,986,702,3413,976,136,5363,976,136,536

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