Professional Documents
Culture Documents
be repaid in
4 equal
Assumptions - Bus Assumptions - Financing annual Assumptions - General
installments
at the end
Cost of Bus 7,500,000 Debt 75% Taxevery
of Rate 33%
Maintenance / year 10% Equity 25% year
Escalation Rate - Maintenan 15% Interest on Debt 15% Interest Income 5%
Life of Bus (years) 4 Tenure of loan (years) 4 Diesel rate (Rs./Lit) 60
Deprecation Rate 25% SLM Cost of Equity 20% Diesel Price escalation 15%
Inflation 10%
Assumptions - Operating Revenues Assumptions - Operating Costs Assumptions - Operating General
Income Statement
Year - 0 Year - 1 Year - 2 Year - 3 Year - 4
Flag 0 1 2 3 4
Revenue - 9,198,000 10,117,800 11,129,580 12,242,538
Other Income -
Fuel Costs - 2,715,600 3,122,940 3,591,381 4,130,088
Maintenance Expenses 750,000 862,500 991,875 1,140,656
Driver Costs 730,000 803,000 883,300 971,630
Miscellaneous Costs 730,000 803,000 883,300 971,630
Toll Amount 730,000 803,000 883,300 971,630
Cost of Revenues 5,655,600 6,394,440 7,233,156 8,185,634
Gross Pofit / (EBITDA) 3,542,400 3,723,360 3,896,424 4,056,904
Depreciation 1,875,000 1,875,000 1,875,000 1,875,000
Interest Expense 843,750 674,776 480,456 256,988
Profit Before Tax 823,650 1,173,584 1,540,968 1,924,915
Income Taxes 551,846 786,301 1,032,448 1,289,693
Profit After Tax 271,805 387,283 508,519 635,222
Balance Sheet
Year - 0 Year - 1 Year - 2 Year - 3 Year - 4 Debt Schedule
Assets Year - 0 Year - 1 Year - 2 Year - 3 Year - 4
Cash BOP - Debt 5,625,000 4,498,507 3,203,041 1,713,254
PPE, Gross Int Expense 843,750 674,776 480,456 256,988
Acc Depreciation EAI 1,970,243 1,970,243 1,970,243 1,970,243
PPE, Net EOP - Debt 4,498,507 3,203,041 1,713,254
Total Assets
Principle Repaid
Liabilities
Debt
Equity
Retained Profit
Total Liabilities
Checksum
Net Income
+ Depreciation Escalation Rate %- Tarif
- Capital Expenses 0.00% 3% 5% 8% 10% 13%
- Debt Repayment/+ raised 3%
Diesel Price %
FCFE
cumulative cashflow
Cost of Equity
NPV
IRR
Prin 1000
Rate 1%
Time 3
EMI $340.02 $1,020.07