proyeksi keuangan office building

Bagian dari buku "Menggali Potensi Wirausaha" Penulis: Ir Harmaizar Zaharuddin

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FINANCIAL PROJECTIONTo Menu OFFICE BUILDING

ClickASSUMPTION AND SUMMARYBALANCE SHEET PROJECTIONCASH FLOW PROJECTIONPROFIT AND LOSS PROJCTIONINVESTMENT AND DEPRECIATIONINVESTMENT SCHEDULELOAN DISBURSEMENT AND STRUCTURE OF FUN SCHEDULEESTIMATED SALARY & WAGES EXPENSESESTIMATED ELECTRICITY EXPENSESINTEREST DURING CONSTRUCTION & REPAYMENT SCHEDULEFINANCIAL RATIO AND BREAK EVEN POINTINTERNAL RATE OF RETURNSENSITIVITY ANALYSIS

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Bagian dari buku "Menggali Potensi Wirausaha" Penulis: Ir Harmaizar Zaharuddin

LOAN DISBURSEMENT AND STRUCTURE OF FUN SCHEDULE

INTEREST DURING CONSTRUCTION & REPAYMENT SCHEDULE

APPENDIX-0 Bagian dari buku "Menggali Potensi Wirausaha". Penulis Harmaizar ZaharuddinProyeksi Keuangan Office Building.xlsPT OFFICE BUILDINGASSUMPTION AND SUMMARY IN 000 US$

PROJECT COST : LOAN PORTION (%) : INTEREST :BANK LOAN : INVESTMENT 70.00% LONG TERM LOAN 8.00% pa (Based on LIBOR + 2.00%)- INVESTMENT US$ 19,179,743 EQUITY 30.00% WORK CAPITAL 8.00% pa (Based on LIBOR + 2.00%)- I. D. C. US$ 987,598 I. D. C. 7.63%EQUITY :- INVESTMENT US$ 8,219,890 ADVANCED DEPOSIT 3 MONTH - MANAGEMENT FEE US$ 191,797 - COMMITMENT FEE US$ 395,951 CASH REQUIREMENT 4 MONTH

TOTAL US$ 28,974,979

TYPE RENTABLE AREA SEMI GROSS RENTAL/MONTH SERV.CHG TOTAL TOTAL TYPE AREA (M2)AREA (US$/M2) (US$/M2) RENTAL/YEAR SERV.CHG/YEAR

GROUND FLOOR 1,389 M2 16.00 6.50 266,642 108,323 GROSS AREA + CAR PARK 32,340 M2FL-2 UPTO 4 3,509 M2 13.50 6.50 568,526 273,735 FL-5 UPTO 19 12,418 M2 12.50 6.50 1,862,730 968,620 GROSS AREA 20,824 M2FL-20 UPTO 23 1,106 M2 13.50 6.50 179,097 86,232 PARKING 346 LOT 25.00 103,800 0 SEMI GROSS AREA 18,422 M2TOTAL (Excl. Park.) 18,422 M2 2,980,795 1,436,910 EFFICIENCY AREA 88.47%

DESCRIPTION YEAR 0 YEAR 0 YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 6 YEAR 7 YEAR 8 YEAR 9 YEAR 10

MARK-UP RENTAL RATE 5.00% 0.00% 0.00% 100.00% 105.00% 110.25% 115.76% 121.55% 127.63% 134.01% 140.71% 147.75% 155.13%MARK-UP SERVICE CHARGE 2.50% 0.00% 0.00% 100.00% 102.50% 105.06% 107.69% 110.38% 113.14% 115.97% 118.87% 121.84% 124.89%MARK-UP OPERAT. EXPENSES 3.50% 0.00% 0.00% 100.00% 103.50% 107.12% 110.87% 114.75% 118.77% 122.93% 127.23% 131.68% 136.29%MARK-UP WAGES/SALARY 3.50% 0.00% 0.00% 100.00% 103.50% 107.12% 110.87% 114.75% 118.77% 122.93% 127.23% 131.68% 136.29%----- --- ------ -------------- --------------- ------------------- --------------- --------------- --------------- --------------- --------------- --------------- --------------- --------------- --------------- --------------- --------------- --------------- --------------- ---------------OCCUPANCY RATE 0% 0% 75% 80% 85% 90% 95% 95% 95% 90% 90% 90%

SUMMARY :

IRR ON CASH FLOW 16.41% NET PRESENT VALUE ( 8.00% ) US$ = 2.00

REPAYMENT : - LONG TERM LOAN 0 1,000 1,500 2,000 2,250 2,500 3,000 1,683 0 0 0 - SHORT TERM LOAN 0 0 0 0 0 0 0 0 0 0

R. O. I. 0.00% 3.45% 4.77% 6.34% 8.14% 10.16% 12.23% 12.85% 11.54% 11.32% 11.11%R. O. E. 0.00% 0.00% 2.41% 5.79% 8.85% 11.36% 12.79% 13.07% 11.57% 11.00% 10.50%DEBT TO EQUITY 228.98% 229.75% 208.42% 176.27% 140.02% 103.74% 68.53% 49.04% 43.27% 38.80% 35.00%DEBT TO ASSETS 69.60% 69.67% 67.58% 63.80% 58.34% 50.92% 40.66% 32.90% 30.20% 27.96% 25.92%LEVERAGE 228.98% 207.09% 182.72% 150.31% 113.47% 76.14% 42.65% 14.47% -6.80% -24.58% -39.24%ACID TEST (LIQUIDITY) 0.00% 76.26% 68.57% 63.92% 65.32% 66.53% 129.94% 0.00% 0.00% 0.00% 0.00%

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YEAR 11 YEAR 12 YEAR 13 YEAR 14 YEAR 15 YEAR 16 YEAR 17 YEAR 18 YEAR 19 YEAR 20

162.89% 171.03% 179.59% 188.56% 197.99% 207.89% 218.29% 229.20% 240.66% 252.70%128.01% 131.21% 134.49% 137.85% 141.30% 144.83% 148.45% 152.16% 155.97% 159.87%141.06% 146.00% 151.11% 156.40% 161.87% 167.53% 173.40% 179.47% 185.75% 192.25%141.06% 146.00% 151.11% 156.40% 161.87% 167.53% 173.40% 179.47% 185.75% 192.25%

--------------- --------------- --------------- --------------- --------------- --------------- --------------- --------------- --------------- ---------------90% 90% 90% 90% 90% 90% 90% 90% 90% 90%

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

12.18% 11.80% 11.45% 11.13% 10.85% 10.59% 10.35% 10.13% 9.93% 9.74%11.20% 10.59% 10.07% 9.62% 9.22% 8.87% 8.56% 8.29% 8.04% 7.82%31.33% 28.25% 25.62% 23.37% 21.41% 19.70% 18.20% 16.86% 15.67% 14.61%23.86% 22.02% 20.40% 18.94% 17.64% 16.46% 15.39% 14.43% 13.55% 12.75%

-50.24% -59.28% -66.77% -73.04% -78.33% -82.82% -86.64% -89.91% -92.72% -95.13%0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Bagian dari Buku "Menggali Potensi Wirausaha" Penulis: Harmaizar Zaharuddin.

APPENDIX-05PT OFFICE BUILDINGINVESTMENT SCHEDULE IN 000 US$

COST % FIRST YEARNO ITEM WORK TOTAL --------------- --------------- --------------- --------------- --------------- --------------- --------------- --------------- ---------------

(US $) PROJECT MONTH-0 MONTH-2 MONTH-4 MONTH-6 MONTH-8 MONTH-10 MONTH-12 MONTH-14 MONTH-16A LAND :1 LAND COST 5,000 17.26% 5,000 2 LAND IMPROVEMENT COST 25 0.09% 25

TOTAL A 5,025 17.34% 5,025 0 0 0 0 0 0 0 0

B CONTRUCTION COST :4,392 1 CIVIL WORKS 4,392 15.16% 659 311 311 311 311 311 311 311 311 4,576 2 ARCHITECTURE 4,576 15.79% 686 324 324 324 324 324 324 324 324 4,629 3 MECH. & ELECTRICAL WORKS 4,629 15.97% 694 328 328 328 328 328 328 328 328 5,903 4 SITE EXP. + INDIRECT COST 5,903 20.37% 885 418 418 418 418 418 418 418 418

19,499.63 TOTAL B 19,500 67.30% 2,925 1,381 1,381 1,381 1,381 1,381 1,381 1,381 1,381

C VEHICLES 325 1.12% 81 81 0 0 0

D PRE-OPERATING1,000 1 LICENSE & PERMITS 1,000 3.45% 500 200 50 50

250 2 TESTING 250 0.86% 42 42 750 3 CONSULTANT FEE 750 2.59% 375 31 31 31 31 31 31 31 31 250 4 OVERHEAD COST 250 0.86% 21 21 21 21 21 21 21 21 300 5 OTHERS 300 1.04% 25 25 25 25 25 25 25 25

TOTAL D 2,550 8.80% 875 277 77 77 77 77 77 169 169 ------- ---------------------------------------------- ------------------- --------------- --------------- --------------- --------------- --------------- --------------- --------------- --------------- --------------- ---------------

TOTAL BEFORE IDC 27,400 94.56% 8,906 1,740 1,458 1,458 1,458 1,458 1,458 1,550 1,550 ------- ---------------------------------------------- ------------------- --------------- --------------- --------------- --------------- --------------- --------------- --------------- --------------- --------------- ---------------

E I. D. C. 988 3.41% 0 16 30 44 58 73 88 103 MANAGEMENT FEE 192 0.66% 0 192 0 0 0 0 0 0 0 COMMITMENT FEE 396 1.37% 29 45 42 40 37 35 32 29 27 GRAND TOTAL 28,975 100.00% 8,936 1,976 1,517 1,528 1,540 1,551 1,563 1,667 1,680

==== ========================== =========== ========= ========= ========= ========= ========= ========= ========= ========= ========= ========= BANK LOAN : - INVESTMENT LOAN 19,180 70.00% 6,234 1,218 1,021 1,021 1,021 1,021 1,021 1,085 1,085 - I. D. C. 988 100.00% 0 0 16 30 44 58 73 88 103 TOTAL INVESTMENT LOAN 20,167 6,234 1,218 1,037 1,051 1,065 1,079 1,094 1,173 1,188

EQUITY : - INVESTMENT 8,220 30.00% 2,672 522 437 437 437 437 437 465 465 - MANAGEMENT FEE 192 1.00% 0 192 0 0 0 0 0 0 0 - COMMITMENT FEE 396 1.00% 29 45 42 40 37 35 32 29 27 TOTAL EQUITY 8,808 30.00% 2,701 759 480 477 475 472 470 494 492

------- ---------------------------------------------- ------------------- --------------- --------------- --------------- --------------- --------------- --------------- --------------- --------------- --------------- ---------------TOTAL 28,975 8,936 1,976 1,517 1,528 1,540 1,551 1,563 1,667 1,680

* Portion of Fund based on Total Before IDC

LOAN PORTION (%) : BANK LOAN 69.60% 70.00% 70.00% 70.51% 71.00% 71.48% 71.97% 72.46% 72.93% 73.40% EQUITY 30.40% 30.33% 43.61% 38.73% 36.85% 35.82% 35.16% 34.68% 34.28% 33.95%

ACCUMULATION : BANK LOAN 6,234 1,218 2,255 3,306 4,371 5,450 6,544 7,716 8,905 EQUITY 2,701 759 1,238 1,716 2,190 2,663 3,132 3,627 4,118

28,975 100.00% 8,906 1,740 3,198 4,656 6,114 7,573 9,031 10,581 12,131

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SECOND YEAR TOTAL +--------------- --------------- --------------- --------------- PRV.SUM MONTH-18 MONTH-20 MONTH-22 MONTH-24 0.00%

0 5,000 0

25 0 0 0 0 0 5,025 0

0 0 311 311 311 311 4,392 0 324 324 324 324 4,576 0 328 328 328 328 4,629 0 418 418 418 418 5,903 0

1,381 1,381 1,381 1,381 19,500 0

81 81 325 0

0 50 50 50 50 1,000 0 42 42 42 42 250 0 31 31 31 31 750 0 21 21 21 21 250 0 25 25 25 25 300 0

169 169 169 169 2,550 0 --------------- --------------- --------------- --------------- ---------------

1,550 1,550 1,631 1,631 27,400 0 --------------- --------------- --------------- --------------- --------------- 0

119 135 152 169 0 0 0 0 0 0

24 21 18 16 0 1,693 1,707 1,801 1,816 0

========= ========= ========= ========= ========= 0 0

1,085 1,085 1,142 1,142 0 119 135 152 169 0

1,204 1,220 1,293 1,311 0

465 465 489 489 0 0 0 0 0 0

24 21 18 16 0 489 486 508 505 0

--------------- --------------- --------------- --------------- --------------- 0 1,693 1,707 1,801 1,816 0

Bagian dari Buku "Menggali Potensi Wirausaha" Penulis Harmaizar Zaharuddin.

APPENDIX-01PT OFFICE BUILDING Proyeksi Keuangan Office Building.xls

BALANCE SHEET PROJECTION IN 000 US$

DESCRIPTION YEAR 0 YEAR 0 YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 6 YEAR 7 YEAR 8 YEAR 9 YEAR 10 YEAR 11 YEAR 12

ASSETS :CURRENT ASSETS :

CASH 0 0 1,144 1,371 1,438 1,633 1,996 2,187 3,998 7,424 11,060 14,844 18,649 22,615

FIXED ASSETS : 0 INVESTMENT 16,400 24,850 24,850 24,850 24,850 24,850 24,850 24,850 24,850 24,850 24,850 24,850 24,850 24,850 ACCUMULATED DEPRECIATION 0 0 (1,007) (2,015) (3,022) (4,030) (5,037) (6,045) (7,052) (8,060) (9,067) (10,075) (11,050) (12,025)NET FIXED ASSETS 16,400 24,850 23,842 22,835 21,827 20,820 19,812 18,805 17,797 16,790 15,782 14,775 13,800 12,825

OTHER ASSETSPRE-OPERATION COST & IDC 2,212 4,125 4,125 4,125 4,125 4,125 4,125 4,125 4,125 4,125 4,125 4,125 4,125 4,125 AMORTIZATION 0 0 (413) (825) (1,238) (1,650) (2,063) (2,475) (2,888) (3,300) (3,713) (4,125) (4,125) (4,125)NET OTHER ASSETS 2,212 4,125 3,713 3,300 2,888 2,475 2,063 1,650 1,238 825 413 0 0 0

TOTAL ASSETS 18,612 28,975 28,699 27,506 26,153 24,928 23,871 22,642 23,033 25,038 27,255 29,619 32,448 35,440

LIABILITIES & SHARE HOLDERS' EQUITY CURRENT LIABILITIES

ADVANCE DEPOSIT 828 921 1,019 1,125 1,237 1,290 1,344 1,328 1,385 1,444 1,506 1,571 WORKING CAPITAL LOAN 0 0 0 0 0 0 0 0 0 0 0 0 LONG TERM LOAN - CURRENT MATURITY 0 1,000 1,500 2,000 2,250 2,500 3,000 1,683 0 0 0 0 0 0

TOTAL CURRENT LIABILITIES 1,000 2,328 2,921 3,269 3,625 4,237 2,973 1,344 1,328 1,385 1,444 1,506 1,571

BANK LOAN 12,778 19,167 17,667 15,667 13,417 10,917 7,917 6,234 6,234 6,234 6,234 6,234 6,234 6,234

SHARE HOLDERS' EQUITYEQUITY 5,833 8,808 8,808 8,808 8,808 8,808 8,808 8,808 8,808 8,808 8,808 8,808 8,808 8,808 S. B. L. C. 0 0 0 0 0 0 0 0 0 0 0 0 0 0RETAINED EARNING 0 0 (104) 111 659 1,578 2,909 4,627 6,647 8,668 10,828 13,132 15,900 18,827

TOTAL SHARE HOLDERS' EQUITY 5,833 8,808 8,703 8,918 9,467 10,386 11,716 13,435 15,454 17,476 19,636 21,940 24,708 27,635

TOTAL LIABILITIES & SHARE HOLDERS' EQUITY 18,612 28,975 28,699 27,506 26,153 24,928 23,871 22,642 23,033 25,038 27,255 29,619 32,448 35,440 0 0 0 0 0 0 0 0 0 0 0 0 0 0

APPENDIX-02PT OFFICE BUILDINGCASH FLOW PROJECTION IN 000 US$


CASH IN-FLOWS FROM OPERATION 0 0 4,142 3,774 4,175 4,604 5,061 5,211 5,433 5,296 5,596 5,836 6,087 6,350 - RENTAL REVENUE 0 0 3,313 3,682 4,077 4,498 4,949 5,159 5,378 5,312 5,539 5,777 6,025 6,285 - ADVANCED DEPOSITS - BEGINNING (828) (921) (1,019) (1,125) (1,237) (1,290) (1,344) (1,328) (1,385) (1,444) (1,506)

- ENDING 828 921 1,019 1,125 1,237 1,290 1,344 1,328 1,385 1,444 1,506 1,571

CASH OUT-FLOWS FROM OPERATION 0 0 903 950 999 1,050 1,104 969 998 1,004 1,034 1,065 1,096 1,129 SALARIES EXPENSES 0 0 361 373 386 400 414 428 443 459 475 492 509 527 ELECTRICITY EXPENSES 0 0 151 167 183 201 219 227 235 231 239 247 256 265 MAINTENANCE EXPENSES 0 0 107 116 126 135 145 147 148 141 142 142 141 140 MARKETING/PROMOTION 0 0 179 188 198 208 220 61 66 68 73 79 85 92 INSURANCE PREMIUM 0 0 31 31 31 31 31 31 31 31 31 31 31 31 OTHERS 0 0 75 75 75 75 75 75 75 75 75 75 75 75

NET CASH INFLOW (OUTFLOW) FROM OPERATION 0 0 3,239 2,824 3,176 3,553 3,958 4,242 4,434 4,292 4,562 4,771 4,991 5,221

OTHER IN-FLOWS 18,390 9,598 0 0 0 0 0 0 0 0 0 0 0 0 EQUITY 5,833 2,974 0 0 0 0 0 0 0 0 0 0 0 0 S. B. L. C. 0 0 0 0 0 0 0 0 0 0 0 0 0 0 BANK LOAN 12,556 6,624 0 0 0 0 0 0 0 0 0 0 0 0

MAIN MENU

MAIN MENU


WORKING CAPITAL 0 0 0 0 0 0 0 0 0 0 0 0 0 0

OTHER OUT-FLOWS 18,390 9,598 0 92 235 394 570 736 865 866 926 988 1,186 1,254 LAND & LAND IMPROVEMENT COST 5,025 0 0 0 0 0 0 0 0 0 0 0 0 0 CIVIL WORKS 2,525 1,867 0 0 0 0 0 0 0 0 0 0 0 0 ARCHITECTURE 2,631 1,945 0 0 0 0 0 0 0 0 0 0 0 0 MECH. & ELECTRICAL WORKS 2,661 1,967 0 0 0 0 0 0 0 0 0 0 0 0 SITE EXP. + INDIRECT COST 3,394 2,509 0 0 0 0 0 0 0 0 0 0 0 0 VEHICLES 163 163 0 0 0 0 0 0 0 0 0 0 0 0 PRE-OPERATING & MANAG., COMMIT. FEE 1,990 1,148 0 0 0 0 0 0 0 0 0 0 0 0 INCOME TAX 0 0 0 92 235 394 570 736 865 866 926 988 1,186 1,254 DIVIDEND 0 0 0 0 0 0 0 0 0 0 0 0 0 0

CASH AVAILABLE 0 0 3,239 2,732 2,941 3,159 3,388 3,506 3,569 3,425 3,637 3,784 3,805 3,967

TOTAL DEBT SERVICES : 0 0 2,095 2,505 2,875 2,965 3,025 3,315 1,758 0 0 0 0 0 INTEREST EXPENSE - BANK LOAN 0 0 1,095 1,005 875 715 525 315 75 0 0 0 0 0

- WORKING CAP. 0 0 0 0 0 0 0 0 0 0 0 0 REPAYMENT :- BANK LOAN 0 0 1,000 1,500 2,000 2,250 2,500 3,000 1,683 0 0 0 0 0

- WORKING CAPITAL LOAN 0 0 0 0 0 0 0 0 0 0 0 0 0 0

CASH BALANCE (BEGINNING) 0 0 1,144 1,371 1,438 1,633 1,996 2,187 3,998 7,424 11,060 14,844 18,649

CASH BALANCE (ENDING) 0 0 1,144 1,371 1,438 1,633 1,996 2,187 3,998 7,424 11,060 14,844 18,649 22,615

CASH ICREASE OR DECREASE 0 0 1,144 227 67 195 363 191 1,811 3,425 3,637 3,784 3,805 3,967

APPENDIX-03PT OFFICE BUILDINGPROFIT AND LOSS PROJECTION IN 000 US$


REVENUE :- RENTAL REVENUE 2,236 2,504 2,793 3,106 3,442 3,614 3,795 3,775 3,964 4,162 4,370 4,588 - SERVICE CHARGE 1,078 1,178 1,283 1,393 1,507 1,544 1,583 1,537 1,576 1,615 1,655 1,697

3,313 3,682 4,077 4,498 4,949 5,159 5,378 5,312 5,539 5,777 6,025 6,285 EXPENSES : OPERATING EXPENSES :

SALARIES EXPENSES 361 373 386 400 414 428 443 459 475 492 509 527 ELECTRICITY EXPENSES 151 167 183 201 219 227 235 231 239 247 256 265 MAINTENANCE EXPENSES 107 116 126 135 145 147 148 141 142 142 141 140 MARKETING/PROMOTION 179 188 198 208 220 61 66 68 73 79 85 92 INSURANCE PREMIUM 31 31 31 31 31 31 31 31 31 31 31 31 OTHERS 75 75 75 75 75 75 75 75 75 75 75 75

DEPRECIATION 1,007 1,007 1,007 1,007 1,007 1,007 1,007 1,007 1,007 1,007 975 975 AMORTIZATION 413 413 413 413 413 413 413 413 413 413 0 0 TOTAL OPERATING EXPENSES 2,323 2,370 2,419 2,470 2,524 2,389 2,418 2,424 2,454 2,485 2,071 2,104

OPERATING INCOME 990 1,312 1,658 2,028 2,425 2,770 2,960 2,888 3,085 3,292 3,954 4,181

INTEREST EXPENSE- BANK LOAN 1,095 1,005 875 715 525 315 75 0 0 0 0 0 - WORKING CAPITAL 0 0 0 0 0 0 0 0 0 0 0 0

EARNING BEFORE TAX 0 0 (104) 308 783 1,313 1,901 2,455 2,885 2,888 3,085 3,292 3,954 4,181

INCOME TAX 30% 0 92 235 394 570 736 865 866 926 988 1,186 1,254 NET PROFIT/LOSS 0 0 (104) 215 548 919 1,330 1,718 2,019 2,022 2,160 2,304 2,768 2,927

DIVIDEND 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

MAIN MENU


RETAINED EARNING 0 0 (104) 111 659 1,578 2,909 4,627 6,647 8,668 10,828 13,132 15,900 18,827

APPENDIX-04PT OFFICE BUILDINGINVESTMENT, RE-INVESTMENT, DEPRECIATION AND AMORTIZATION SCHEDULE IN 000 US$

DESCRIPTION TOTAL YEAR 0 YEAR 0 YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 6 YEAR 7 YEAR 8 YEAR 9 YEAR 10 YEAR 11 YEAR 12

FIXED ASSETS :LAND & LAND IMPROVEMENT COST 5,025 5,025 0 CIVIL WORKS 4,392 2,525 1,867 ARCHITECTURE 4,576 2,631 1,945 MECH. & ELECTRICAL WORKS 4,629 2,661 1,967 SITE EXP. + INDIRECT COST 5,903 3,394 2,509 VEHICLES 325 163 163

TOTAL FIXED ASSETS 24,850 16,400 8,450 0 0 0 0 0 0 0 0 0 0 0 0

OTHER ASSETS :PRE-OPERATING 2,550 1,538 1,013 INTEREST DURING CONSTRUCTION 988 222 766 MANAGEMENT & COMMITMENT FEE 588 452 135

TOTAL OTHER ASSETS 4,125 2,212 1,914 0 0 0 0 0 0 0 0 0 0 0 0

TOTAL INVESTMENT 28,975 18,612 10,363 0 0 0 0 0 0 0 0 0 0 0 0 RATE

DEPRECIATION :CIVIL WORKS 5.00% 220 220 220 220 220 220 220 220 220 220 220 220 ARCHITECTURE 5.00% 229 229 229 229 229 229 229 229 229 229 229 229 MECH. & ELECTRICAL WORKS 5.00% 231 231 231 231 231 231 231 231 231 231 231 231 SITE EXP. + INDIRECT COST 5.00% 295 295 295 295 295 295 295 295 295 295 295 295 VEHICLES 10.00% 33 33 33 33 33 33 33 33 33 33 0 0

--------------- --------------- --------------- --------------- --------------- --------------- --------------- --------------- --------------- --------------- --------------- --------------- --------------- ---------------TOTAL DEPRECIATION 0 0 1,007 1,007 1,007 1,007 1,007 1,007 1,007 1,007 1,007 1,007 975 975

AMORTIZATION : 10.00% 0 413 413 413 413 413 413 413 413 413 413

MAINTENANCE :CIVIL WORKS 1.00% 32.94 36.37 39.99 43.83 47.88 49.55 51.29 50.29 52.05 53.87 55.76 57.71 ARCHITECTURE 1.00% 34.32 37.89 41.67 45.66 49.88 51.63 53.44 52.40 54.23 56.13 58.09 60.13 MECH. & ELECTRICAL WORKS 1.00% 34.71 38.32 42.15 46.19 50.46 52.22 54.05 53.00 54.85 56.77 58.76 60.82 VEHICLES 2.00% 4.88 5.38 5.92 6.49 7.09 7.33 7.59 7.44 7.70 7.97 8.25 8.54

TOTAL MAINTENANCE 0.00 0.00 106.85 117.96 129.72 142.16 155.31 160.74 166.37 163.13 168.84 174.75 180.87 187.20

APPENDIX-06PT OFFICE BUILDINGLOAN DISBURSEMENT, REPAYMENT AND STRUCTURE OF FUNDS SCHEDULE IN 000 US$

DESCRIPTION TOTAL YEAR 0 YEAR 0 YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 6 YEAR 7 YEAR 8 YEAR 9 YEAR 10 YEAR 11 YEAR 12

EQUITY :- INVESTMENT 8,808 5,833 2,974 - S. B. L. C.- WORKING CAPITAL 0

LOAN :LONG TERM LOAN : 20,167 12,778 7,389 0 0 0 0 0 0 0 0 0 0 0 0 - BANK LOAN 19,180 12,556 6,624 I. D. C. 988 222 766

SHORT TERM LOAN 0 REPAYMENT :

- BANK LOAN 13,933 0 0 1,000 1,500 2,000 2,250 2,500 3,000 1,683 0 0 0 0 0 - SHORT TERM LOAN 0 0 0 0 0 0 0 0 0 0 0 0

BALANCE :- BANK LOAN 204,980 12,778 20,167 19,167 17,667 15,667 13,417 10,917 7,917 6,234 6,234 6,234 6,234 6,234 6,234 - SHORT TERM LOAN 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

MAIN MENU

MAIN MENU


INTEREST EXPENSE :- BANK LOAN 4,602 1,095 1,005 875 715 525 315 75 0 0 0 - SHORT TERM LOAN 0 0 0 0 0 0 0 0 0 0 0 0 0

== = ======== = ======== ======== ======== ======== ======== ======== ======== ======== ======== ======== ======== ======== ======== ======== ======== ======== ========ESTIMSTED WORKING CAPITAL :

CASH OUT-FLOWS FROM OPERATION 0 0 301 317 333 350 368 323 333 335 345 355 365 376 INTEREST EXPENSE 0 0 0 365 335 292 238 175 105 25 0 0 0 0 0

- ADVANCED DEPOSITS - BEGINNING 0 0 0 (828) (921) (1,019) (1,125) (1,237) (1,290) (1,344) (1,328) (1,385) (1,444) (1,506)- ENDING 0 0 828 921 1,019 1,125 1,237 1,290 1,344 1,328 1,385 1,444 1,506 1,571

WORKING CAPITAL NEEDED 0 0 (162) 559 526 483 430 375 303 351 288 296 303 311 INCREASE (DECREASE) OF WORKING CAP. 0 0 0 (162) 722 (33) (43) (53) (55) (73) 48 (63) 8 8 8

APPENDIX-08PT OFFICE BUILDINGESTIMATED ELECTRICITY EXPENSES

0 YEAR 0 YEAR 0 YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 6 YEAR 7 YEAR 8 YEAR 9 YEAR 10 YEAR 11 YEAR 12

A. AT 07.00 - 17.00 (10 WORKING HOURS):A. AVILABLE CAPACITY (KVA) 2,000

B. CAPACITY IN USED- (%) 70%

- (KVA) 1,400 C. AVG. FUEL USED (L/H/KVA) 0.25

D. FUEL COST (Rp/L) 380 380 393 407 421 436 451 467 483 500 518 536 555 E. OCCUPANCY RATE 75.00% 80.00% 85.00% 90.00% 95.00% 95.00% 95.00% 90.00% 90.00% 90.00% 90.00% 90.00%F. TOTAL WORKING HOURS/YEAR 3,000 G. ELECTRICITY EXPENSES

- IN THOUSAND OF Rp 000 299,250 330,372 363,306 398,141 434,969 450,192 465,949 456,875 472,866 489,416 506,546 524,275 - IN US$ 000 1 US$ = Rp 2,350 127 141 155 169 185 192 198 194 201 208 216 223

B. AT 17.00-21.00 (4 WOKING HOURS):A. AVILABLE CAPACITY (KVA) 2,000


- (KVA) 400 C. AVG. FUEL USED (L/H/KVA) 0.25



C. AT 21.00-07.00 (10 WORKING HOURS)A. AVILABLE CAPACITY (KVA) 2,000


- (KVA) 100 C. AVG. FUEL USED (L/H/KVA) 0.25



TOTAL ELECTRICITY EXPENSE- THOUSAND OF Rp 000 354,825 391,727 430,777 472,081 515,748 533,800 552,483 541,724 560,684 580,308 600,619 621,641 - IN US$ 000 1 US$ = Rp 2,350 151 167 183 201 219 227 235 231 239 247 256 265

APPENDIX-07

MAIN MENU

MAIN MENU


PT OFFICE BUILDINGESTIMATED SALARY & WAGES EXPENSES IN US$

DESCRIPTION TOTAL SALARY/M SALARY/ SALARY/ VEHICLE TOTALEMPLOYES PERSON MONTH YEAR *) US$/UNIT

1. PRESIDENT DIRECTOR 1 3,000 3,000 39,000 50,000 50,000 BUILDING MANAGER 1 2,000 2,000 26,000 40,000 40,000

2. HOUSE KEEPING MANAGER 1 1,250 1,250 16,250 30,000 30,000 ASSISTANT BUILDING MANAGER 1 750 750 9,750 20,000 20,000 MAINTENANCE/CLEANING SERVICE 30 125 3,750 48,750 ENGINEERING 7 250 1,750 22,750 GARDENING 4 125 500 6,500 CAR CALL 2 125 250 3,250 POSTEL SERVICES 2 125 250 3,250

3. ACCOUNTING & FINANCE MANAGER 1 1,250 1,250 16,250 30,000 30,000 ASSISTANT ACC. & FIN. MANAGER 1 750 750 9,750 20,000 20,000 CASHIERS 1 200 200 2,600 COST CONTROL 2 350 700 9,100 PURCHASING 1 350 350 4,550

4. SECRETARY 1 300 300 3,900 ADMINISTRTION 2 300 600 7,800

5. GEN, AFFAIR & PERSONNEL MANAGER 1 1,250 1,250 16,250 30,000 30,000 HRD STAFF 2 300 600 7,800 SECURITY 20 150 3,000 39,000 DRIVERS 2 150 300 3,900 15,000 30,000 TOTAL 83 22,800 296,400

6. MARKETING & SALES MANAGER **) 1 2,500 2,500 32,500 30,000 30,000 ASSISTANT MARKETING MANAGER 1 1,500 1,500 19,500 15,000 15,000 MARKETING EXECUTIVE 2 476 952 12,376 15,000 30,000

4 4,952 64,376 325,000

*) Including THR Expenses**) Replacing Marketing Agancy Role in year-5

APPENDIX-10PT OFFICE BUILDINGFINANCIAL RATIO AND BREAK EVEN POINT IN 000 US$


PAY BACK PERIOD- INVESTMENT (18,612) (28,975) (28,975) (28,975) (28,975) (28,975) (28,975) (28,975) (28,975) (28,975) (28,975) (28,975) (28,975) (28,975)- RETAINED EARNING 0 0 (104) 111 659 1,578 2,909 4,627 6,647 8,668 10,828 13,132 15,900 18,827 - ACCUMULATED DIVIDEND 0 0 0 0 0 0 0 0 0 0 0 0 0 0 - INTEREST EXPENSE 0 0 1,095 2,099 2,974 3,689 4,213 4,528 4,602 4,602 4,602 4,602 4,602 4,602 - DEPRECIATION & AMORTIZATION 0 0 1,420 2,840 4,260 5,680 7,100 8,520 9,940 11,360 12,780 14,200 15,175 16,150

(PROFIT + AMORTIZ. + DEPRECT.) - INVESTMENT (18,612) (28,975) (26,565) (23,925) (21,082) (18,028) (14,753) (11,300) (7,786) (4,344) (764) 2,960 6,703 10,605

ACID TEST (LIQUIDITY) : - CURRENT ASSETS 0 0 1,144 1,371 1,438 1,633 1,996 2,187 3,998 7,424 11,060 14,844 18,649 22,615 - CURRENT LIABILITIES 0 1,000 1,500 2,000 2,250 2,500 3,000 1,683 0 0 0 0 0 0

(CURRENT ASSETS : CURRENT LIABILITIES) x 100% 0.00% 0.00% 76.26% 68.57% 63.92% 65.32% 66.53% 129.94% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

PROFIT MARGIN : - NET PROFIT 0 0 (104) 215 548 919 1,330 1,718 2,019 2,022 2,160 2,304 2,768 2,927 - SALES 0 0 3,313 3,682 4,077 4,498 4,949 5,159 5,378 5,312 5,539 5,777 6,025 6,285

(NET PROFIT : SALES) x 100 % 0% 0% 0% 6% 13% 20% 27% 33% 38% 38% 39% 40% 46% 47%

R. O. I : - OPERATING INCOME 0 0 990 1,312 1,658 2,028 2,425 2,770 2,960 2,888 3,085 3,292 3,954 4,181 - TOTAL ASSETS 18,612 28,975 28,699 27,506 26,153 24,928 23,871 22,642 23,033 25,038 27,255 29,619 32,448 35,440

(OPERATING INCOME : TOTAL ASSETS) x 100 % 0.00% 0.00% 3.45% 4.77% 6.34% 8.14% 10.16% 12.23% 12.85% 11.54% 11.32% 11.11% 12.18% 11.80%

MAIN MENU


R. O. E. : - NET PROFIT 0 0 (104) 215 548 919 1,330 1,718 2,019 2,022 2,160 2,304 2,768 2,927 - SHARE HOLDERS' EQUITY 5,833 8,808 8,703 8,918 9,467 10,386 11,716 13,435 15,454 17,476 19,636 21,940 24,708 27,635

(NET PROFIT : EQUITY) x 100 % 0.00% 0.00% 0.00% 2.41% 5.79% 8.85% 11.36% 12.79% 13.07% 11.57% 11.00% 10.50% 11.20% 10.59%

DEBT TO EQ. : - TOTAL LIABILITIES 12,778 20,167 19,996 18,588 16,686 14,542 12,155 9,207 7,579 7,562 7,619 7,679 7,741 7,806 - SHARE HOLDERS' EQUITY 5,833 8,808 8,703 8,918 9,467 10,386 11,716 13,435 15,454 17,476 19,636 21,940 24,708 27,635

(TOTAL LIABILITIES : EQUITY) x 100 % 0.00% 228.98% 229.75% 208.42% 176.27% 140.02% 103.74% 68.53% 49.04% 43.27% 38.80% 35.00% 31.33% 28.25%

DEBT TO ASSETS - TOTAL LIABILITIES 12,778 20,167 19,996 18,588 16,686 14,542 12,155 9,207 7,579 7,562 7,619 7,679 7,741 7,806 - TOTAL ASSETS 18,612 28,975 28,699 27,506 26,153 24,928 23,871 22,642 23,033 25,038 27,255 29,619 32,448 35,440

(TOTAL LIABILITIES : TOTAL ASSETS) x 100 % 0.00% 69.60% 69.67% 67.58% 63.80% 58.34% 50.92% 40.66% 32.90% 30.20% 27.96% 25.92% 23.86% 22.02%

BREAK EVEN POINT FORMULA

TOTAL REVENUE A 3,313 3,682 4,077 4,498 4,949 5,159 5,378 5,312 5,539 5,777 6,025 6,285 TOTAL VARIABEL COST B 452 475 499 525 552 485 499 502 517 532 548 564 CONTRIBUTION MARGIN C 2,862 3,207 3,577 3,973 4,397 4,674 4,879 4,810 5,022 5,244 5,477 5,721 FIXED COST D 2,966 2,992 3,029 3,054 3,067 2,956 2,859 2,788 2,863 2,940 2,709 2,794 BREAK EVEN POINT (% RENTABLE) D/(A-B) 103.65% 93.29% 84.68% 76.86% 69.74% 63.23% 58.61% 57.97% 57.00% 56.06% 49.47% 48.84%BREAK EVEN POINT (M2) D/(A-B) 14,321 13,748 13,259 12,743 12,206 11,067 10,257 9,611 9,450 9,295 8,202 8,097 BREAK EVEN POINT ( US$) D/(1-(B/A) 3,434 3,435 3,452 3,457 3,451 3,262 3,152 3,079 3,157 3,238 2,981 3,070


YEAR 13 YEAR 14 YEAR 15 YEAR 16 YEAR 17 YEAR 18 YEAR 19 YEAR 20

26,752 31,067 35,570 40,269 45,174 50,295 55,644 61,232

24,850 24,850 24,850 24,850 24,850 24,850 24,850 24,850 (13,000) (13,975) (14,950) (15,925) (16,900) (17,875) (18,850) (19,825)11,850 10,875 9,900 8,925 7,950 6,975 6,000 5,025

4,125 4,125 4,125 4,125 4,125 4,125 4,125 4,125 (4,125) (4,125) (4,125) (4,125) (4,125) (4,125) (4,125) (4,125)

0 0 0 0 0 0 0 0

38,602 41,942 45,470 49,194 53,124 57,270 61,644 66,257

1,639 1,710 1,785 1,863 1,944 2,029 2,118 2,212 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

1,639 1,710 1,785 1,863 1,944 2,029 2,118 2,212

6,234 6,234 6,234 6,234 6,234 6,234 6,234 6,234

8,808 8,808 8,808 8,808 8,808 8,808 8,808 8,808 0 0 0 0 0 0 0 0

21,921 25,190 28,643 32,289 36,138 40,199 44,484 49,004 30,729 33,998 37,451 41,097 44,945 49,007 53,292 57,811

38,602 41,942 45,470 49,194 53,124 57,270 61,644 66,257 0 0 0 0 0 0 0 0


6,625 6,912 7,213 7,528 7,857 8,202 8,562 8,940 6,557 6,841 7,139 7,450 7,776 8,117 8,473 8,846

(1,571) (1,639) (1,710) (1,785) (1,863) (1,944) (2,029) (2,118)1,639 1,710 1,785 1,863 1,944 2,029 2,118 2,212

1,162 1,196 1,231 1,267 1,303 1,340 1,377 1,415 545 564 584 604 626 647 670 694 274 283 293 304 314 325 337 348 139 136 133 128 123 116 107 98 99 107 116 125 135 146 157 170 31 31 31 31 31 31 31 31 75 75 75 75 75 75 75 75

5,463 5,716 5,982 6,261 6,555 6,862 7,185 7,525

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0


0 0 0 0 0 0 0 0

1,326 1,401 1,480 1,563 1,649 1,741 1,836 1,937 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

1,326 1,401 1,480 1,563 1,649 1,741 1,836 1,937 0 0 0 0 0 0 0 0

4,137 4,315 4,502 4,699 4,905 5,122 5,349 5,588

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

22,615 26,752 31,067 35,570 40,269 45,174 50,295 55,644

26,752 31,067 35,570 40,269 45,174 50,295 55,644 61,232

4,137 4,315 4,502 4,699 4,905 5,122 5,349 5,588


4,818 5,059 5,312 5,577 5,856 6,149 6,456 6,779 1,739 1,783 1,827 1,873 1,920 1,968 2,017 2,067 6,557 6,841 7,139 7,450 7,776 8,117 8,473 8,846

545 564 584 604 626 647 670 694 274 283 293 304 314 325 337 348 139 136 133 128 123 116 107 98 99 107 116 125 135 146 157 170 31 31 31 31 31 31 31 31 75 75 75 75 75 75 75 75

975 975 975 975 975 975 975 975 0 0 0 0 0 0 0 0

2,137 2,171 2,206 2,242 2,278 2,315 2,352 2,390

4,420 4,670 4,933 5,209 5,498 5,802 6,121 6,456

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

4,420 4,670 4,933 5,209 5,498 5,802 6,121 6,456

1,326 1,401 1,480 1,563 1,649 1,741 1,836 1,937 3,094 3,269 3,453 3,646 3,849 4,061 4,285 4,519

0 0 0 0 0 0 0 0


21,921 25,190 28,643 32,289 36,138 40,199 44,484 49,004


0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0

220 220 220 220 220 220 220 220 229 229 229 229 229 229 229 229 231 231 231 231 231 231 231 231 295 295 295 295 295 295 295 295

0 0 0 0 0 0 0 0 --------------- --------------- --------------- --------------- --------------- --------------- --------------- ---------------

975 975 975 975 975 975 975 975

59.73 61.82 63.98 66.22 68.54 70.94 73.42 75.99 62.23 64.41 66.66 69.00 71.41 73.91 76.50 79.18 62.95 65.15 67.43 69.79 72.23 74.76 77.38 80.09 8.84 9.15 9.47 9.80 10.14 10.50 10.87 11.25

193.75 200.53 207.55 214.81 222.33 230.11 238.16 246.50


0 0 0 0 0 0 0 0

0

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

6,234 6,234 6,234 6,234 6,234 6,234 6,234 6,234 0 0 0 0 0 0 0 0


0 0 0 0 0 0 0 0 ======== ======== ======== ======== ======== ======== ======== ========

387 399 410 422 434 447 459 472 0 0 0 0 0 0 0 0 0

(1,571) (1,639) (1,710) (1,785) (1,863) (1,944) (2,029) (2,118) 0 1,639 1,710 1,785 1,863 1,944 2,029 2,118 2,212 0

319 328 336 344 353 361 370 378 8 8 8 8 8 9 9 9


574 594 615 637 659 682 706 731 90.00% 90.00% 90.00% 90.00% 90.00% 90.00% 90.00% 90.00%

542,625 561,617 581,273 601,618 622,674 644,468 667,024 690,370 231 239 247 256 265 274 284 294

574 594 615 637 659 682 706 731 90.00% 90.00% 90.00% 90.00% 90.00% 90.00% 90.00% 90.00%

62,014 64,185 66,431 68,756 71,163 73,653 76,231 78,899 26 27 28 29 30 31 32 34

574 594 615 637 659 682 706 731 90.00% 90.00% 90.00% 90.00% 90.00% 90.00% 90.00% 90.00%

38,759 40,115 41,520 42,973 44,477 46,033 47,645 49,312 16 17 18 18 19 20 20 21

643,398 665,917 689,224 713,347 738,314 764,155 790,900 818,582 274 283 293 304 314 325 337 348



(28,975) (28,975) (28,975) (28,975) (28,975) (28,975) (28,975) (28,975)21,921 25,190 28,643 32,289 36,138 40,199 44,484 49,004

0 0 0 0 0 0 0 0 4,602 4,602 4,602 4,602 4,602 4,602 4,602 4,602

17,125 18,100 19,075 20,050 21,025 22,000 22,975 23,950 14,674 18,918 23,346 27,967 32,790 37,827 43,087 48,581

26,752 31,067 35,570 40,269 45,174 50,295 55,644 61,232 0 0 0 0 0 0 0 0

0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

3,094 3,269 3,453 3,646 3,849 4,061 4,285 4,519 6,557 6,841 7,139 7,450 7,776 8,117 8,473 8,846

47% 48% 48% 49% 49% 50% 51% 51%

4,420 4,670 4,933 5,209 5,498 5,802 6,121 6,456 38,602 41,942 45,470 49,194 53,124 57,270 61,644 66,257 11.45% 11.13% 10.85% 10.59% 10.35% 10.13% 9.93% 9.74%


3,094 3,269 3,453 3,646 3,849 4,061 4,285 4,519 30,729 33,998 37,451 41,097 44,945 49,007 53,292 57,811 10.07% 9.62% 9.22% 8.87% 8.56% 8.29% 8.04% 7.82%

7,874 7,945 8,019 8,097 8,178 8,263 8,353 8,446 30,729 33,998 37,451 41,097 44,945 49,007 53,292 57,811 25.62% 23.37% 21.41% 19.70% 18.20% 16.86% 15.67% 14.61%

7,874 7,945 8,019 8,097 8,178 8,263 8,353 8,446 38,602 41,942 45,470 49,194 53,124 57,270 61,644 66,257 20.40% 18.94% 17.64% 16.46% 15.39% 14.43% 13.55% 12.75%

6,557 6,841 7,139 7,450 7,776 8,117 8,473 8,846 581 598 616 633 651 670 689 708

5,976 6,243 6,523 6,817 7,124 7,447 7,785 8,139 2,882 2,974 3,070 3,171 3,276 3,385 3,500 3,619

48.23% 47.64% 47.07% 46.51% 45.98% 45.46% 44.96% 44.47%7,996 7,898 7,804 7,712 7,623 7,537 7,454 7,373 3,162 3,259 3,360 3,465 3,575 3,690 3,809 3,934


APPENDIX-09PT OFFICE BUILDINGINTEREST DURING CONSTRUCTION & REPAYMENT SCHEDULE IN 000 US$

YEAR MONTH WITHD- BEGINNINGINTEREST INSTALL- ENDINGRAWAL BALANCE 8.00% MENT BALANCE

0 2 1,218 1,218 1,218 4 1,021 2,239 16.290 2,255 6 1,021 3,276 30.164 3,306 8 1,021 4,327 44.224 4,371

10 1,021 5,392 58.472 5,450 12 1,021 6,471 72.910 6,544 14 1,085 7,629 87.542 7,716 16 1,085 8,801 103.228 8,905 18 1,085 9,990 119.123 10,109 20 1,085 11,194 135.231 11,329 22 1,142 12,471 151.555 12,622 24 1,142 13,764 168.858 13,933

--------------- --------------- --------------- --------------- --------------- ------------- --------------- ------------- ---------------12,945 987.598

--------------- --------------- --------------- --------------- --------------- ------------- --------------- ------------- ---------------1 1 13,933 279 13,933

2 13,933 279 500 13,433 3 13,433 269 13,433 4 13,433 269 1,095 500 1,000 12,933

2 1 12,933 259 12,933 2 12,933 259 750 12,183 3 12,183 244 12,183 4 12,183 244 1,005 750 1,500 11,433

3 1 11,433 229 11,433 2 11,433 229 1,000 10,433 3 10,433 209 10,433 4 10,433 209 875 1,000 2,000 9,433

4 1 9,433 189 9,433 2 9,433 189 1,000 8,433 3 8,433 169 8,433 4 8,433 169 715 1,250 2,250 7,183

5 1 7,183 144 7,183 2 7,183 144 1,250 5,933 3 5,933 119 5,933 4 5,933 119 525 1,250 2,500 4,683

6 1 4,683 94 4,683 2 4,683 94 1,500 3,183 3 3,183 64 3,183 4 3,183 64 315 1,500 3,000 1,683

7 1 1,683 34 1,683 2 1,683 34 1,500 183 3 183 4 183 4 183 4 75 183 1,683 0

======== ======== ======== ======== ======== ======= ======== ======= ========8 1 0 0 0

2 0 0 0 3 0 0 0 4 0 0 0 0 0

9 1 0 0 0 2 0 0 0 3 0 0 0 4 0 0 0 0 0

MAIN MENU


10 1 0 0 0 2 0 0 0 3 0 0 0 4 0 0 0 0 0

11 1 0 0 0 2 0 0 0 3 0 0 0 4 0


APPENDIX-10PT OFFICE BUILDINGINTERNAL RATE OF RETURN IN 000 US$

DESCRIPTION YEAR 0 YEAR 0 YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 6 YEAR 7 YEAR 8 YEAR 9 YEAR 10

IRR ON EQUITY (CASH FLOW):EQUITY (5,833) (2,974) 0 0 0 0 0 0 0 0 0 0 CASH BALANCE ANNUAL 0 0 1,144 227 67 195 363 191 1,811 3,425 3,637 3,784 DIVIDEN 0 0 0 0 0 0 0 0 0 0 0 0SALVAGE VALUEINTERNAL RATE OF RETURN 16.41% (5,833) (2,974) 1,144 227 67 195 363 191 1,811 3,425 3,637 3,784

NET PRESENT VALUE (NPV) 12,120.21

MAIN MENU


YEAR 11 YEAR 12 YEAR 13 YEAR 14 YEAR 15 YEAR 16 YEAR 17 YEAR 18 YEAR 19 YEAR 20

0 0 0 0 0 0 0 0 0 0 3,805 3,967 4,137 4,315 4,502 4,699 4,905 5,122 5,349 5,588

0 0 0 0 0 0 0 0 0 05,025

3,805 3,967 4,137 4,315 4,502 4,699 4,905 5,122 5,349 10,613

Bakian dari Buku "Menggali Potensi Wirausaha" Penulis: Harmaizar zaharuddin.

APPENDIX-12PT OFFICE BUILDINGSENSITIVITY ANALYSIS

RENTAL RATE IRR EXPENSES IRR INVESTMENT IRR OCCUPENCY IRR

80.00% 10.44% 80.00% 18.13% 80.00% 20.76% 80.00% 10.58%85.00% 13.42% 85.00% 16.91% 85.00% 18.65% 82.50% 12.85%90.00% 14.55% 90.00% 16.72% 90.00% 17.80% 85.00% 13.41%95.00% 15.68% 95.00% 16.53% 95.00% 16.99% 87.50% 87.50%

100.00% 16.60% 100.00% 16.60% 100.00% 16.60% 90.00% 14.69%105.00% 18.34% 105.00% 16.09% 105.00% 15.32% 92.50% 15.02%110.00% 19.02% 110.00% 15.97% 110.00% 14.79% 95.00% 15.56%115.00% 20.08% 115.00% 15.78% 115.00% 14.12% 97.50% 16.11%120.00% 21.13% 120.00% 15.59% 120.00% 13.47% 100.00% 16.60%

IRR 16.41%MARK-UP RENTAL RATE 100.00%

MARK-UP EXPENSES 100.00%

MARK-UP INVESTMENT 100.00%

MARK-UP OCCUPANCY 100.00%

MAIN MENU

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