Professional Documents
Culture Documents
Group 5
In Ocean
4 Different
1.Carriers
25 Year situation
time period
with tax Scen
@35
39000000
3.00%
4.00%
35.00%
9.00%
2001
2002
-3900000
-3900000
Revenue
Expenses
Expected Operating cost per day
Total Operating cost
Purchase cost
Depreciation of purchase cost
Capital Expenditure for surveys
Depreciation of surveys cost
Total depreciation
Salvage Value
Operating profit
Tax
PAT
Net working capital
Change in working capital
Net Cash flow
0
-3,900,000
-3,900,000
PV
0
($3,900,000.0)
NPV
IRR
($4,118,751.6)
7%
1
($3,577,981.7)
( from PV values)
iers situation
4 Different
Year
time period
with tax Scenario
@35% are possible
Key As
1. The first payment of shi
2003
1
20000
365
8
2004
2
20200
365
8
2005
3
20400
365
8
2006
4
18714
365
8
2007
5
17283
365
8
7140000
7211400
7282800
6680898
6170031
4000
1460000
4160
1518400
4326.4
1579136
4499.456
1642301.44
4679.43424
1707993.4976
-31200000
1560000
0
0
1560000
1560000
0
0
1560000
1560000
0
0
1560000
1560000
0
0
1560000
1560000
300000
0
1560000
4120000
1442000
2678000
4133000
1446550
2686450
4143664
1450282.4
2693381.6
500000
500,000
515000
15,000
530450
15,450
546363.5
15,914
562754.405
16,391
-27,462,000
4,231,450
4,237,932
3,805,174
3,129,933
3478596.56 2902037.5024
1217508.796 1015713.12584
2261087.764 1886324.37656
2
($23,114,216.0)
( from PV values)
3
$3,267,455.8
4
$3,002,257.6
5
$2,473,102.2
6
$1,866,277.1
Key Assumptions ::
he first payment of ship will happen in 2001 as the date of 1st January 2001 was mentioned in case.
2008
6
17481
365
12
2009
7
17682
365
12
2010
8
17886
365
12
2011
9
18092
365
12
2012
10
17428
365
12
6170793
6241746
6313758
6386476
6152084
1560000
0
60000
1620000
1560000
0
60000
1620000
1560000
0
60000
1620000
1560000
0
60000
1620000
1560000
350000
60000
1620000
2774479.7625
2774380.233 2772497.60232 2768365.18641 2454048.75386
971067.916874 971033.081549 970374.16081 968927.815243 858917.063853
1803411.84562 1803347.15145 1802123.44151 1799437.37117 1595131.69001
579637.03715 597026.148265 614936.932712 633385.040694 652386.591915
16,883
17,389
17,911
18,448
19,002
3,406,529
3,405,958
3,404,213
3,400,989
2,846,130
7
$1,863,488.1
8
$1,709,335.5
9
$1,567,394.1
10
$1,436,614.6
11
$1,102,968.9
entioned in case.
2013
11
17628
365
16
2014
12
17831
365
16
2015
13
18036
365
16
2016
14
18243
365
16
2017
15
14762
365
16
6152172
6223019
6294564
6366807
5151938
1560000
0
70000
1630000
1560000
0
70000
1630000
1560000
0
70000
1630000
1560000
0
70000
1630000
1560000
750000
70000
1630000
5000000
2361015.34402 2345416.07778 2327056.9609 2305799.6793 993690.3865
826355.370407 820895.627223 814469.93631 807029.88776 347791.63527
1534659.97361 1524520.45056 1512587.0246 1498769.7916 645898.75122
671958.189672 692116.935362 712880.44342 734266.85673 756294.86243
19,572
20,159
20,764
21,386
22,028
3,145,088
3,134,362
3,121,824
3,107,383
1,503,871
12
$1,118,188.1
13
$1,022,361.9
14
$934,194.7
15
$853,094.9
16
$378,779.6
2018
16
14932
365
16
2019
17
15104
365
16
2020
18
15278
365
16
2021
19
15454
365
16
2022
20
14654
365
16
5211268
5271296
5332022
5393446
5114246
8427.396704
3075999.797
1560000
1560000
1560000
1560000
0
0
0
0
150000
150000
150000
150000
1710000
1710000
1710000
1710000
5150000
5304500
5463635
5627544.05
871890.48196 826743.38124 778087.27649 725753.88755
305161.66869 289360.18343 272330.54677 254013.86064
566728.81327 537383.1978 505756.72972 471740.02691
1560000
850000
150000
1710000
5796370.3715
328246.20305
114886.17107
213360.03198
2,224,014
2,191,686
2,156,947
1,047,824
17
$520,848.2
18
$471,477.0
19
$426,260.3
20
$384,866.0
21
$171,526.7
2023
21
14823
365
16
2024
22
14993
365
16
2025
23
15166
365
16
2026
24
15341
365
16
2027
25
13448
365
16
5173227
5232557
5292934
5354009
4693352
1560000
0
170000
1730000
5970261.4826
244187.21117
85465.52391
158721.68726
1560000
1560000
1560000
1560000
0
0
0
0
170000
170000
170000
170000
1730000
1730000
1730000
1730000
6149369.3271 6333850.4069 6523865.9191 6719581.8967
175555.61962 102852.5644 25524.306979 -779072.08074
61444.466866 35998.397541 8933.5074426 -272675.22826
114111.15275 66854.166862 16590.799536 -506396.85248
1,817,019
1,768,950
1,717,849
8,929,978
1,016,397
22
$279,701.3
23
$250,351.5
24
$223,604.0
25
$199,215.3
26
$950,082.8
0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
2,210,396
Cost of ship
Exptected Rate of Inflation
Operating Costs Rate of Increase
Tax Rate
Discount Rate
39000000
3.00%
4.00%
35.00%
9.00%
2001
2002
-3900000
-3900000
Revenue
Expenses
Expected Operating cost per day
Total Operating cost
Purchase cost
Depreciation of purchase cost
Capital Expenditure for surveys
Depreciation of surveys cost
Total depreciation
Salvage Value
Operating profit
0
-3,900,000 -3,900,000
($3,900,000.00)
###
0
1
$4,205,043.63 (from PV values)
$3,857,838.20 (from Excel formula)
11%
@35%
2003
1
20000
365
8
2004
2
20200
365
8
2005
3
20400
365
8
2006
4
18714
365
8
2007
5
17283
365
8
2008
6
17481
365
12
7140000
7211400
7282800
6680898
6170031
6170793
4000
1460000
4160
1518400
4326.4
1579136
-31200000
1560000
0
0
1560000
1560000
0
0
1560000
1560000
0
0
1560000
1560000
0
0
1560000
1560000
300000
0
1560000
1560000
0
60000
1620000
4120000
4133000
4143664
3478597
2902038
2774480
500000
500,000
515000
15,000
530450
15,450
546363.5 562754.41
15,914
16,391
579637
16,883
-26,020,000
($21,900,513.42)
2
om PV values)
om Excel formula)
2009
7
17682
365
12
2010
8
17886
365
12
2011
9
18092
365
12
2012
10
17428
365
12
2013
11
17628
365
16
2014
12
17831
365
16
2015
13
18036
365
16
6241746
6313758
6386476
6152084
6152172
6223019
6294564
1560000
0
60000
1620000
1560000
0
60000
1620000
1560000
0
60000
1620000
1560000
350000
60000
1620000
1560000
0
70000
1630000
1560000
0
70000
1630000
1560000
0
70000
1630000
2774380
2772498
2768365
2454049
2361015
2345416
2327057
597026.15 614936.93
17,389
17,911
2016
14
18243
365
16
2017
15
14762
365
16
2018
16
14932
365
16
2019
17
15104
365
16
2020
18
15278
365
16
2021
19
15454
365
16
2022
20
14654
365
16
6366807
5151938
5211268
5271296
5332022
5393446
5114246
6660.294 6926.7058
2431007 2528248
7203.774
2629378
7491.925
2734553
1560000
0
70000
1630000
1560000
850000
150000
1710000
5796370
328246.2
876753
25,536
2023
21
14823
365
16
2024
22
14993
365
16
2025
23
15166
365
16
2026
24
15341
365
16
2027
25
13448
365
16
5173227
5232557
5292934
5354009
4693352
903055.62 930147.29
26,303
27,092
8,657,303
$921,072.20
26
1,016,397
39000000
3.00%
4.00%
35.00%
9.00%
5000000
2001
2002
2003
1
20000
365
8
Revenue
7140000
Expenses
Expected Operating cost per day
Total Operating cost
4000
1460000
Purchase cost
Depreciation of purchase cost
Capital Expenditure for surveys
Depreciation of surveys cost
Total depreciation
-3900000
0
0
0
-3900000 -31200000
0 2266666.667
0
0
0
0
2266666.667
Operating profit
Tax @ 35%
PAT
Net working capital
Change in working capital
3413333.333
1194666.667
2218666.667
0
0
0
500000
500,000
Cash Flow
PV
NPV
NPV
IRR
2004
2
20200
365
8
2005
3
20400
365
8
2006
4
18714
365
8
2007
5
17283
365
8
2008
6
17481
365
12
2009
7
17682
365
12
2010
8
17886
365
12
2011
9
18092
365
12
7211400
7282800
6680898
6170031
6170793
6241746
6313758
6386476
4160
1518400
2266667
0
0
2266667
2266667
0
0
2266667
3426333
1199217
2227117
515000
15,000
2266667
0
0
2266667
2266667
300000
0
2266667
2266667
0
60000
2326667
2266667
0
60000
2326667
2266667
0
60000
2326667
2266667
0
60000
2326667
633385
18,448
2012
10
17428
365
12
2013
11
17628
365
16
2014
12
17831
365
16
2015
13
18036
365
16
2016
14
18243
365
16
2017
15
14762
365
16
6152084
6152172
6223019
6294564
6366807
5151938
2266667
350000
60000
2326667
1747382
611583.7
1135798
2266667
0
70000
2336667
2266667
0
70000
2336667
2266667
0
70000
2336667
2266667
0
70000
2336667
2266667
0
70000
2336667
756,295
39000000
3.00%
4.00%
35.00%
9.00%
5000000
2001
2002
-3900000
0
0
0
-3900000
0
0
0
Revenue
Expenses
Expected Operating cost per day
Total Operating cost
Purchase cost
Depreciation of purchase cost
Capital Expenditure for surveys
Depreciation of surveys cost
Total depreciation
Operating profit
NPV
NPV
IRR
0
-3900000
($3,900,000.00)
0
$1,719,019.30
$1,577,081.93
10%
-3,900,000
($3,577,981.65)
1
(From PV Values)
2003
1
20000
365
8
2004
2
20200
365
8
2005
3
20400
365
8
2006
4
18714
365
8
7140000
7211400
7282800
6680898
4000
1460000
4160
1518400
4326.4
1579136
4499.456
1642301.44
-31200000
2266666.66666667 2266666.666667 2266666.666667 2266666.666667
0
0
0
0
0
0
0
0
2266666.66666667 2266666.666667 2266666.666667 2266666.666667
3413333.33333333 3426333.333333 3436997.333333 2771929.893333
500000
500,000
515000
15,000
530450
15,450
546363.5
15,914
-26,020,000
($21,900,513.42)
2
5,678,000
$4,384,457.80
3
5,688,214
$4,029,674.20
4
5,022,683
$3,264,399.36
5
(From PV Values)
2007
5
17283
365
8
2008
6
17481
365
12
2009
7
17682
365
12
2010
8
17886
365
12
2011
9
18092
365
12
6170031
6170793
6241746
6313758
6386476
4679.43424
4866.6116096 5061.276073984 5263.727116943 5474.276201621
1707993.4976 1776313.237504 1847365.767004 1921260.397684 1998110.813592
562754.405
16,391
4,145,647
$2,471,913.61
6
4,376,991
$2,196,664.25
8
4,374,587
$2,014,181.29
9
4,369,917
$1,845,900.20
10
2012
10
17428
365
12
2013
11
17628
365
16
2014
12
17831
365
16
2015
13
18036
365
16
2016
14
18243
365
16
6152084
6152172
6223019
6294564
6366807
5693.247249686 5920.977139673
2078035.246135 2161156.655981
1599133.01266
3,971,444
$1,411,986.16
12
3,955,257
$1,290,120.48
13
3,936,293
$1,177,921.90
14
3,914,413
$1,074,655.35
15
2017
15
14762
365
16
5151938
6926.7057904112
2528247.6135001
2266666.6666667
0
70000
2336666.6666667
287023.71983324
756294.86242756
22,028
8,357,957
$2,105,116.71
16
756,295