8/13/2019 NPV and IRR Calcluations

1/14

Equipment and Material 20.85

Installation 4.17

Civil Works 2.78

Process, license fee and Engg Charges 1.20

Base Capital Cost 29.00

Financing & Prefinancing 3.04

Contigencies 2.90

Fixed Capital Cost Estimate 34.94

Working Capital 3.33

Total Cost of Capital 38.27

Fixed Capital Cost Estimate

All values are in Million

8/13/2019 NPV and IRR Calcluations

2/14

8/13/2019 NPV and IRR Calcluations

3/14

Year 1 2 3 4 5 6 7

Finished Product Inventory 0.98 1.66 1.66 1.66 1.46 1.25 1.07

Accounts Receivable 2.02 3.42 3.42 3.42 3.01 2.56 2.19

Store and spares inventory 0.14 0.14 0.14 0.18 0.18 0.18 0.25

Cash expenses 0.25 0.25 0.25 0.25 0.25 0.25 0.25

Total current assests 3.39 5.47 5.47 5.51 4.90 4.24 3.75

Account payables 0.06 0.06 0.06 0.07 0.07 0.07 0.08

Net working capital 3.33 5.42 5.42 5.44 4.83 4.17 3.67

Working Capital

Current Assets

Current liabilities

8/13/2019 NPV and IRR Calcluations

4/14

8 9 10

0.90 0.77 0.65

1.85 1.57 1.33

0.25 0.25 0.25

0.25 0.25 0.25

3.24 2.83 2.47

0.08 0.08 0.08

3.16 2.75 2.40

ll values are in Million $

8/13/2019 NPV and IRR Calcluations

5/14

Year 1 2 3 4 5

Man power Cost 0.75 0.75 0.75 0.75 0.75

Store, Spraes and Repair and Maintenance cost 0.70 0.70 0.70 0.87 0.87

Depreciation 3.49 3.49 3.49 3.49 3.49

Power 1.68 2.85 2.85 2.85 2.51

Insurance and Plant Overheads 0.70 0.70 0.70 0.70 0.70

Operating Cost 7.32 8.49 8.49 8.66 8.32

Operating Cost

All values ar

8/13/2019 NPV and IRR Calcluations

6/14

6 7 8 9 10

0.75 0.75 0.75 0.75 0.75

0.87 1.22 1.22 1.22 1.22

3.49 3.49 3.49 3.49 3.49

2.14 1.83 1.54 1.31 1.11

0.70 0.70 0.70 0.70 0.70

7.95 7.99 7.70 7.47 7.27

in Million $

8/13/2019 NPV and IRR Calcluations

7/14

Year 1 2 3 4 5 6 7

LPG Produced (MeT/Day) 137.47 233 233 233 205.04 174.75 149.12

Price/Met 1020 1020 1020 1020 1020 1020 1020

Revenue 49.08 83.18 83.18 83.18 73.20 62.39 53.24

Operating Cost 7.32 8.49 8.49 8.66 8.32 7.95 7.99

Operating Profit 41.76 74.69 74.69 74.52 64.88 54.43 45.25

FC Loan 2.72 2.32 1.92 1.51 1.11 0.71 0.30

LC Loan 1.07 0.91 0.76 0.60 0.44 0.28 0.12

Short term loan 0.38 0.00 0.00 0.00 0.00 0.00 0.00

Total 4.17 3.23 2.67 2.11 1.55 0.98 0.42

Profit Beforer Tax 37.59 71.46 72.02 72.41 63.33 53.45 44.83

Welfare Fund @7% 2.63 5.00 5.04 5.07 4.43 3.74 3.14

Tax @35% 13.16 25.01 25.21 25.34 22.17 18.71 15.69

PAT 21.80 41.45 41.77 42.00 36.73 31.00 26.00

Profit Lost Account

Investments

8/13/2019 NPV and IRR Calcluations

8/14

8 9 10

125.82 107.18 90.87

1020 1020 1020

44.92 38.26 32.44

7.70 7.47 7.27

37.22 30.79 25.17

0.00 0.00 0.00

0.00 0.00 0.00

0.00 0.00 0.00

0.00 0.00 0.00

37.22 30.79 25.17

2.61 2.16 1.76

13.03 10.78 8.81

21.59 17.86 14.60

ll values are in Million $

8/13/2019 NPV and IRR Calcluations

9/14

Year Cash Out flow PAT Depreciation Interest Expenses Cash in flow Net Cash Flow

0 38.27 0.00 0.00 0.00 0.00 -38.27

1 0.00 21.80 3.49 4.17 29.46 29.46

2 0.00 41.45 3.49 3.23 48.17 48.17

3 0.00 41.77 3.49 2.67 47.93 47.93

4 0.00 42.00 3.49 2.11 47.60 47.60

5 0.00 36.73 3.49 1.55 41.77 41.77

6 0.00 31.00 3.49 0.98 35.47 35.47

7 0.00 26.00 3.49 0.42 29.91 29.91

8 0.00 21.59 3.49 0.00 25.08 25.08

9 0.00 17.86 3.49 0.00 21.35 21.35

10 0.00 14.60 3.49 0.00 18.09 18.09

NPV

IRR

NPV and IRR

169.66

0.99

8/13/2019 NPV and IRR Calcluations

10/14

Dicounted Cash Flow@12%

-38.27

26.30

38.40

34.12

30.25

23.70

17.97

13.53

10.13

7.70

5.82

All values are in Million $

8/13/2019 NPV and IRR Calcluations

11/14

#VALUE!

8/13/2019 NPV and IRR Calcluations

12/14

Year 0 1 2 3 4 5 6

Operating Profit 0.00 41.76 74.69 74.69 74.52 64.88 54.43

Depreciation 0.00 3.49 3.49 3.49 3.49 3.49 3.49

Funds From Operation 45.25 78.19 78.19 78.01 68.37 57.93

Other Source of Funds

Paid up Capital 8.70

LC Loan 7.42

F C Loan 18.82

WC Loan 3.33

Total Funds 38.27 45.25 78.19 78.19 78.01 68.37 57.93

Fixed assets 34.94

Principal FC Loan 2.69 2.69 2.69 2.69 2.69 2.69

Principal LC Loan 1.06 1.06 1.06 1.06 1.06 1.06

Repayement Of Wc 3.31

Income tax 13.16 25.01 25.21 25.34 22.17 18.71

Total Application of Funds 34.94 20.21 28.76 28.96 29.09 25.91 22.46

Cash Surplus 3.33 25.04 49.43 49.23 48.92 42.46 35.47

Cash At beginning 0.00 3.33 28.37 77.80 127.03 175.95 218.40

Cash End of Year 3.33 28.37 77.80 127.03 175.95 218.40 253.87

Cash Flow Statement

Application of funds

8/13/2019 NPV and IRR Calcluations

13/14

7 8 9 10

45.25 37.22 30.79 25.17

3.49 3.49 3.49 3.49

48.74 40.71 34.28 28.66

48.74 40.71 34.28 28.66

2.69

1.06

15.69 13.03 10.78 8.81

19.44 13.03 10.78 8.81

29.30 27.68 23.51 19.85

253.87 283.18 310.86 334.37

283.18 310.86 334.37 354.22

All values are in Million $

8/13/2019 NPV and IRR Calcluations

14/14