Professional Documents
Culture Documents
Key dates
Macroeconomic parameters
Operating Costs
MMRA assumptions
Amount (USD Mn) Till Contract Year
Annual provisions made for funding the MMRA maj.mnt.1 maj.mnt.cy.1 6
a/c $1.30
Annual provisions made for funding the MMRA maj.mnt.2 maj.mnt.cy.2 22
a/c $1.90
Post Tax interest earned on MMRA cash balance int.inc.mmra 0.00%
O&M Costs
Total cost in ('000s) 1st contract year Proportion of Fixed in total cost Proportion of foreign cost in total cost
Cost in ('000s) in 1st year of Simple Cycle operations
RFP assumptions
Working capital
LD assumptions
Combined Cycle
LD amount 100 US$/MW per Day 66666 US$ per Day
112500 US$ per Day
Maximum delay 365 Days 12.5%
Maximum LD (US$ millions) $12.45 $30.00
LD amount $0.00 $0.00
Performance shortfall
Dependable capacity
Simple cycle PPA EPC
LD amount 1000 US$/kW 1800 US$/kW
Rejection limit 10.00% 5.00%
Rejection limit in MW 22.20 11.10
Maximum LD $22.20 $19.98
LD amount $0.00 $0.00
No. of KW in a MW 1000
Check for leap year
Year number should be divisble by and 400
Year number should be divisble by 4
No. of hours in a day 24
Comment Comment All figures in millions Taka unless mentioned otherwise
Comment US$ Comment.us All figures in millions US$ unless mentioned otherwise
Start Date 1-Feb-13 1-May-13 1-Aug-13 1-Nov-13 1-Feb-14 6-Apr-14 6-Apr-15 6-Apr-16 6-Apr-17 6-Apr-18 6-Apr-19 6-Apr-20 6-Apr-21 6-Apr-22
End Date 30-Apr-13 31-Jul-13 31-Oct-13 31-Jan-14 5-Apr-14 5-Apr-15 5-Apr-16 5-Apr-17 5-Apr-18 5-Apr-19 5-Apr-20 5-Apr-21 5-Apr-22 5-Apr-23
No. of days in period 89.00 92.00 92.00 92.00 64.00 365.00 366.00 365.00 365.00 365.00 366.00 365.00 365.00 365.00
Period number -5.00 -4.00 -3.00 -2.00 -1.00 0.00 1.00 2.00 3.00 4.00 5.00 6.00 7.00 8.00
Contract Year number 0.00 0.00 0.00 0.00 0.00 1.00 2.00 3.00 4.00 5.00 6.00 7.00 8.00 9.00
No. of months in period 3.00 3.00 3.00 3.00 2.10 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00
Start Date 1-Feb-13 1-May-13 1-Aug-13 1-Nov-13 1-Feb-14 1-Feb-15 1-Feb-16 1-Feb-17 1-Feb-18 1-Feb-19 1-Feb-20 1-Feb-21 1-Feb-22 1-Feb-23
End Date 30-Apr-13 31-Jul-13 31-Oct-13 31-Jan-14 31-Jan-15 31-Jan-16 31-Jan-17 31-Jan-18 31-Jan-19 31-Jan-20 31-Jan-21 31-Jan-22 31-Jan-23 31-Jan-24
Period number -4.00 -3.00 -2.00 -1.00 0.00 1.00 2.00 3.00 4.00 5.00 6.00 7.00 8.00 9.00
Financial Year number 0.00 0.00 0.00 0.00 1.00 2.00 3.00 4.00 5.00 6.00 7.00 8.00 9.00 10.00
Shareholder Funds 3,924.56 4,968.18 5,470.67 5,924.73 6,550.44 6,550.44 6,550.44 6,550.44 6,550.44 6,550.44 6,550.44 6,550.44 6,550.44 6,550.44
Surplus from Profit and Loss 20.46 142.62 250.93 351.84 343.67 343.67 362.47 841.43 1,347.00 1,911.82 2,540.26 3,270.43 4,078.82 4,960.09
Subordinated Debt 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Senior Debt 9,311.72 11,816.18 13,070.33 14,219.38 15,747.99 15,377.36 14,826.63 14,174.77 13,478.17 12,702.62 11,843.57 10,909.91 9,869.79 8,731.31
Working Capital Facility 41.78 144.34 145.23 146.11 147.20 436.33 442.51 454.26 458.90 471.83 485.05 499.34 516.06 530.83
Short term debt Facillity 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Deferred tax liability 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payables 13.96 58.01 58.73 59.46 59.65 62.48 65.76 68.83 72.24 75.82 79.92 83.65 87.80 92.15
Total Liabilities & Equity 13,312.48 17,129.33 18,995.88 20,701.52 22,848.95 22,770.29 22,247.81 22,089.73 21,906.76 21,712.53 21,499.24 21,313.76 21,102.90 20,864.82
Gross Fixed Assets 13,081.86 16,560.61 18,235.56 19,749.10 21,834.80 21,834.80 21,878.03 21,923.42 22,102.15 22,152.19 22,204.74 22,618.54 22,676.47 22,737.30
Accumulated Depreciation 7.95 46.85 92.52 142.38 251.54 906.58 1,562.27 2,219.29 2,879.68 3,543.49 4,208.85 4,881.20 5,560.62 6,241.83
Net Fixed Assets 13,073.91 16,513.76 18,143.03 19,606.72 21,583.26 20,928.22 20,315.76 19,704.13 19,222.47 18,608.70 17,995.89 17,737.35 17,115.85 16,495.48
Fx loss 154.42 223.75 305.44 395.01 463.63 869.16 1,262.71 1,640.62 2,000.97 2,342.15 2,662.06 2,958.62 3,229.49 3,472.00
Receivables 55.74 202.36 203.96 205.57 206.85 498.81 508.27 523.09 531.14 547.65 564.97 582.99 603.86 622.98
Reserves
DSRA 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
MMRA 0.00 0.00 0.00 0.00 0.00 100.82 161.07 221.89 152.18 214.03 276.33 34.80 153.70 274.37
Start Date 1-Feb-13 1-May-13 1-Aug-13 1-Nov-13 1-Feb-14 6-Apr-14 6-Apr-15 6-Apr-16 6-Apr-17 6-Apr-18 6-Apr-19 6-Apr-20 6-Apr-21 6-Apr-22
End Date 30-Apr-13 31-Jul-13 31-Oct-13 31-Jan-14 5-Apr-14 5-Apr-15 5-Apr-16 5-Apr-17 5-Apr-18 5-Apr-19 5-Apr-20 5-Apr-21 5-Apr-22 5-Apr-23
No. of days in period 89.00 92.00 92.00 92.00 64.00 365.00 366.00 365.00 365.00 365.00 366.00 365.00 365.00 365.00
Period number -5.00 -4.00 -3.00 -2.00 -1.00 0.00 1.00 2.00 3.00 4.00 5.00 6.00 7.00 8.00
Contract Year number 0.00 0.00 0.00 0.00 0.00 1.00 2.00 3.00 4.00 5.00 6.00 7.00 8.00 9.00
No. of months in period 3.00 3.00 3.00 3.00 2.10 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00
Start Date 1-Feb-13 1-May-13 1-Aug-13 1-Nov-13 1-Feb-14 1-Feb-15 1-Feb-16 1-Feb-17 1-Feb-18 1-Feb-19 1-Feb-20 1-Feb-21 1-Feb-22 1-Feb-23
End Date 30-Apr-13 31-Jul-13 31-Oct-13 31-Jan-14 31-Jan-15 31-Jan-16 31-Jan-17 31-Jan-18 31-Jan-19 31-Jan-20 31-Jan-21 31-Jan-22 31-Jan-23 31-Jan-24
Period number -4.00 -3.00 -2.00 -1.00 0.00 1.00 2.00 3.00 4.00 5.00 6.00 7.00 8.00 9.00
Financial Year number 0.00 0.00 0.00 0.00 1.00 2.00 3.00 4.00 5.00 6.00 7.00 8.00 9.00 10.00
Cash 28.41 189.47 343.45 494.21 595.21 373.28 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Assets 13,312.48 17,129.33 18,995.88 20,701.52 22,848.95 22,770.29 22,247.81 22,089.73 21,906.76 21,712.53 21,499.24 21,313.76 21,102.90 20,864.82
check 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Reserves (orig) 0.00 0.00 0.00 0.00 0.00 100.82 161.07 221.89 152.18 214.03 276.33 34.80 153.70 274.37
Reserves (copy) 95.97 100.21 129.37 341.70 1,850.62 1,972.85 1,992.65 2,250.03 2,372.82 2,239.97 2,457.00 2,478.29 1,294.58 1,488.54
Reserves (copy) in US$ millions $1.29 $1.34 $1.71 $4.50 $24.23 $25.44 $25.03 $27.54 $28.30 $26.02 $27.81 $27.33 $13.91 $15.58
Subordinated Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Senior Debt $133.02 $168.80 $186.72 $203.13 $224.97 $219.68 $211.81 $202.50 $192.55 $181.47 $169.19 $155.86 $141.00 $124.73
Working Capital Facility $0.60 $2.06 $2.07 $2.09 $2.10 $6.23 $6.32 $6.49 $6.56 $6.74 $6.93 $7.13 $7.37 $7.58
Short term debt Facillity $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Start Date 1-Feb-13 1-May-13 1-Aug-13 1-Nov-13 1-Feb-14 6-Apr-14 6-Apr-15 6-Apr-16 6-Apr-17 6-Apr-18 6-Apr-19 6-Apr-20 6-Apr-21 6-Apr-22
End Date 30-Apr-13 31-Jul-13 31-Oct-13 31-Jan-14 5-Apr-14 5-Apr-15 5-Apr-16 5-Apr-17 5-Apr-18 5-Apr-19 5-Apr-20 5-Apr-21 5-Apr-22 5-Apr-23
No. of days in period 89.00 92.00 92.00 92.00 64.00 365.00 366.00 365.00 365.00 365.00 366.00 365.00 365.00 365.00
Period number -5.00 -4.00 -3.00 -2.00 -1.00 0.00 1.00 2.00 3.00 4.00 5.00 6.00 7.00 8.00
Contract Year number 0.00 0.00 0.00 0.00 0.00 1.00 2.00 3.00 4.00 5.00 6.00 7.00 8.00 9.00
No. of months in period 3.00 3.00 3.00 3.00 2.10 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00
Start Date 1-Feb-13 1-May-13 1-Aug-13 1-Nov-13 1-Feb-14 1-Feb-15 1-Feb-16 1-Feb-17 1-Feb-18 1-Feb-19 1-Feb-20 1-Feb-21 1-Feb-22 1-Feb-23
End Date 30-Apr-13 31-Jul-13 31-Oct-13 31-Jan-14 31-Jan-15 31-Jan-16 31-Jan-17 31-Jan-18 31-Jan-19 31-Jan-20 31-Jan-21 31-Jan-22 31-Jan-23 31-Jan-24
Period number -4.00 -3.00 -2.00 -1.00 0.00 1.00 2.00 3.00 4.00 5.00 6.00 7.00 8.00 9.00
Financial Year number 0.00 0.00 0.00 0.00 1.00 2.00 3.00 4.00 5.00 6.00 7.00 8.00 9.00 10.00
Payables $0.20 $0.83 $0.84 $0.85 $0.85 $0.89 $0.94 $0.98 $1.03 $1.08 $1.14 $1.19 $1.25 $1.32
Total Liabilities & Equity $190.18 $244.70 $271.37 $295.74 $326.41 $325.29 $317.83 $315.57 $312.95 $310.18 $307.13 $304.48 $301.47 $298.07
Gross Fixed Assets $186.88 $236.58 $260.51 $282.13 $311.93 $311.93 $312.54 $313.19 $315.74 $316.46 $317.21 $323.12 $323.95 $324.82
Accumulated Depreciation $0.11 $0.67 $1.32 $2.03 $3.59 $12.95 $22.32 $31.70 $41.14 $50.62 $60.13 $69.73 $79.44 $89.17
Net Fixed Assets $186.77 $235.91 $259.19 $280.10 $308.33 $298.97 $290.23 $281.49 $274.61 $265.84 $257.08 $253.39 $244.51 $235.65
Receivables $0.80 $2.89 $2.91 $2.94 $2.96 $7.13 $7.26 $7.47 $7.59 $7.82 $8.07 $8.33 $8.63 $8.90
Reserves
DSRA $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
MMRA $0.00 $0.00 $0.00 $0.00 $0.00 $1.44 $2.30 $3.17 $2.17 $3.06 $3.95 $0.50 $2.20 $3.92
Cash $0.41 $2.71 $4.91 $7.06 $8.50 $5.33 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Total Assets $190.18 $244.70 $271.37 $295.74 $326.41 $325.29 $317.83 $315.57 $312.95 $310.18 $307.13 $304.48 $301.47 $298.07
check 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Start Date 6-Apr-23 6-Apr-24 6-Apr-25 6-Apr-26 6-Apr-27 6-Apr-28 6-Apr-29 6-Apr-30 6-Apr-31 6-Apr-32 6-Apr-33 6-Apr-34 6-Apr-35
End Date 5-Apr-24 5-Apr-25 5-Apr-26 5-Apr-27 5-Apr-28 5-Apr-29 5-Apr-30 5-Apr-31 5-Apr-32 5-Apr-33 5-Apr-34 5-Apr-35 5-Apr-36
No. of days in period 366.00 365.00 365.00 365.00 366.00 365.00 365.00 365.00 366.00 365.00 365.00 365.00 366.00
Period number 9.00 10.00 11.00 12.00 13.00 14.00 15.00 16.00 17.00 18.00 19.00 20.00 21.00
Contract Year number 10.00 11.00 12.00 13.00 14.00 15.00 16.00 17.00 18.00 19.00 20.00 21.00 22.00
No. of months in period 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00
Start Date 1-Feb-24 1-Feb-25 1-Feb-26 1-Feb-27 1-Feb-28 1-Feb-29 1-Feb-30 1-Feb-31 1-Feb-32 1-Feb-33 1-Feb-34 1-Feb-35 1-Feb-36
End Date 31-Jan-25 31-Jan-26 31-Jan-27 31-Jan-28 31-Jan-29 31-Jan-30 31-Jan-31 31-Jan-32 31-Jan-33 31-Jan-34 31-Jan-35 31-Jan-36 31-Jan-37
Period number 10.00 11.00 12.00 13.00 14.00 15.00 16.00 17.00 18.00 19.00 20.00 21.00 22.00
Financial Year number 11.00 12.00 13.00 14.00 15.00 16.00 17.00 18.00 19.00 20.00 21.00 22.00 23.00
Shareholder Funds 6,550.44 6,550.44 6,550.44 6,550.44 6,550.44 6,550.44 6,550.44 6,550.44 6,550.44 6,550.44 6,550.44 6,550.44 6,550.44
Surplus from Profit and Loss 5,914.38 7,056.47 8,244.86 9,556.37 11,050.34 11,050.34 11,050.34 11,050.34 11,050.34 11,050.34 11,050.34 11,050.34 11,050.34
Subordinated Debt 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Senior Debt 7,489.05 6,024.01 4,476.42 2,763.35 817.84 419.71 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Working Capital Facility 546.10 562.18 578.83 596.15 616.09 595.91 613.54 630.90 637.24 656.01 677.82 696.45 715.87
Short term debt Facillity 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Deferred tax liability 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payables 96.99 101.67 106.71 112.00 117.88 161.64 169.85 178.29 187.53 196.46 206.23 216.70 227.93
Total Liabilities & Equity 20,596.95 20,294.76 19,957.26 19,578.31 19,152.58 18,778.04 18,384.17 18,409.97 18,425.55 18,453.25 18,484.83 18,513.92 18,544.57
Gross Fixed Assets 22,980.81 23,047.87 23,118.29 23,387.86 23,630.47 23,885.21 24,152.68 24,433.53 24,728.43 25,038.07 25,363.19 25,704.56 26,006.90
Accumulated Depreciation 6,927.60 7,618.03 8,310.52 9,008.11 9,713.39 10,426.12 11,146.69 11,875.49 12,612.92 13,359.41 14,115.43 14,881.45 15,558.87
Net Fixed Assets 16,053.21 15,429.85 14,807.77 14,379.74 13,917.08 13,459.08 13,005.99 12,558.05 12,115.51 11,678.65 11,247.75 10,823.11 10,448.02
Fx loss 3,683.51 3,859.79 3,996.84 4,091.44 4,138.42 4,154.61 4,160.15 4,160.15 4,160.15 4,160.15 4,160.15 4,160.15 4,160.15
Receivables 643.09 663.84 685.53 708.15 733.97 757.55 783.39 809.19 824.77 852.47 884.05 913.15 943.80
Reserves
DSRA 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
MMRA 217.15 341.29 467.12 398.98 363.12 320.58 270.90 213.60 148.16 74.03 -9.37 -102.64 -150.33
Start Date 6-Apr-23 6-Apr-24 6-Apr-25 6-Apr-26 6-Apr-27 6-Apr-28 6-Apr-29 6-Apr-30 6-Apr-31 6-Apr-32 6-Apr-33 6-Apr-34 6-Apr-35
End Date 5-Apr-24 5-Apr-25 5-Apr-26 5-Apr-27 5-Apr-28 5-Apr-29 5-Apr-30 5-Apr-31 5-Apr-32 5-Apr-33 5-Apr-34 5-Apr-35 5-Apr-36
No. of days in period 366.00 365.00 365.00 365.00 366.00 365.00 365.00 365.00 366.00 365.00 365.00 365.00 366.00
Period number 9.00 10.00 11.00 12.00 13.00 14.00 15.00 16.00 17.00 18.00 19.00 20.00 21.00
Contract Year number 10.00 11.00 12.00 13.00 14.00 15.00 16.00 17.00 18.00 19.00 20.00 21.00 22.00
No. of months in period 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00
Start Date 1-Feb-24 1-Feb-25 1-Feb-26 1-Feb-27 1-Feb-28 1-Feb-29 1-Feb-30 1-Feb-31 1-Feb-32 1-Feb-33 1-Feb-34 1-Feb-35 1-Feb-36
End Date 31-Jan-25 31-Jan-26 31-Jan-27 31-Jan-28 31-Jan-29 31-Jan-30 31-Jan-31 31-Jan-32 31-Jan-33 31-Jan-34 31-Jan-35 31-Jan-36 31-Jan-37
Period number 10.00 11.00 12.00 13.00 14.00 15.00 16.00 17.00 18.00 19.00 20.00 21.00 22.00
Financial Year number 11.00 12.00 13.00 14.00 15.00 16.00 17.00 18.00 19.00 20.00 21.00 22.00 23.00
Cash 0.00 0.00 0.00 0.00 0.00 86.22 163.73 668.98 1,176.95 1,687.94 2,202.24 2,720.16 3,142.93
Total Assets 20,596.95 20,294.76 19,957.26 19,578.31 19,152.58 18,778.04 18,384.17 18,409.97 18,425.55 18,453.25 18,484.83 18,513.92 18,544.57
check 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Reserves (orig) 217.15 341.29 467.12 398.98 363.12 320.58 270.90 213.60 148.16 74.03 -9.37 -102.64 -150.33
Reserves (copy) 1,421.82 603.70 862.67 858.51 926.61 1,032.24 1,321.78 0.00 207.13 444.16 526.26 0.00 0.00
Reserves (copy) in US$ millions $14.50 $6.00 $8.35 $8.10 $8.52 $9.24 $11.53 $0.00 $1.72 $3.58 $4.14 $0.00 $0.00
Subordinated Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Senior Debt $106.99 $86.06 $63.95 $39.48 $11.68 $6.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Working Capital Facility $7.80 $8.03 $8.27 $8.52 $8.80 $8.51 $8.76 $9.01 $9.10 $9.37 $9.68 $9.95 $10.23
Short term debt Facillity $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Start Date 6-Apr-23 6-Apr-24 6-Apr-25 6-Apr-26 6-Apr-27 6-Apr-28 6-Apr-29 6-Apr-30 6-Apr-31 6-Apr-32 6-Apr-33 6-Apr-34 6-Apr-35
End Date 5-Apr-24 5-Apr-25 5-Apr-26 5-Apr-27 5-Apr-28 5-Apr-29 5-Apr-30 5-Apr-31 5-Apr-32 5-Apr-33 5-Apr-34 5-Apr-35 5-Apr-36
No. of days in period 366.00 365.00 365.00 365.00 366.00 365.00 365.00 365.00 366.00 365.00 365.00 365.00 366.00
Period number 9.00 10.00 11.00 12.00 13.00 14.00 15.00 16.00 17.00 18.00 19.00 20.00 21.00
Contract Year number 10.00 11.00 12.00 13.00 14.00 15.00 16.00 17.00 18.00 19.00 20.00 21.00 22.00
No. of months in period 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00
Start Date 1-Feb-24 1-Feb-25 1-Feb-26 1-Feb-27 1-Feb-28 1-Feb-29 1-Feb-30 1-Feb-31 1-Feb-32 1-Feb-33 1-Feb-34 1-Feb-35 1-Feb-36
End Date 31-Jan-25 31-Jan-26 31-Jan-27 31-Jan-28 31-Jan-29 31-Jan-30 31-Jan-31 31-Jan-32 31-Jan-33 31-Jan-34 31-Jan-35 31-Jan-36 31-Jan-37
Period number 10.00 11.00 12.00 13.00 14.00 15.00 16.00 17.00 18.00 19.00 20.00 21.00 22.00
Financial Year number 11.00 12.00 13.00 14.00 15.00 16.00 17.00 18.00 19.00 20.00 21.00 22.00 23.00
Payables $1.39 $1.45 $1.52 $1.60 $1.68 $2.31 $2.43 $2.55 $2.68 $2.81 $2.95 $3.10 $3.26
Total Liabilities & Equity $294.24 $289.93 $285.10 $279.69 $273.61 $268.26 $262.63 $263.00 $263.22 $263.62 $264.07 $264.48 $264.92
Gross Fixed Assets $328.30 $329.26 $330.26 $334.11 $337.58 $341.22 $345.04 $349.05 $353.26 $357.69 $362.33 $367.21 $371.53
Accumulated Depreciation $98.97 $108.83 $118.72 $128.69 $138.76 $148.94 $159.24 $169.65 $180.18 $190.85 $201.65 $212.59 $222.27
Net Fixed Assets $229.33 $220.43 $211.54 $205.42 $198.82 $192.27 $185.80 $179.40 $173.08 $166.84 $160.68 $154.62 $149.26
Receivables $9.19 $9.48 $9.79 $10.12 $10.49 $10.82 $11.19 $11.56 $11.78 $12.18 $12.63 $13.04 $13.48
Reserves
DSRA $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
MMRA $3.10 $4.88 $6.67 $5.70 $5.19 $4.58 $3.87 $3.05 $2.12 $1.06 -$0.13 -$1.47 -$2.15
Cash $0.00 $0.00 $0.00 $0.00 $0.00 $1.23 $2.34 $9.56 $16.81 $24.11 $31.46 $38.86 $44.90
Total Assets $294.24 $289.93 $285.10 $279.69 $273.61 $268.26 $262.63 $263.00 $263.22 $263.62 $264.07 $264.48 $264.92
check 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Start Date 1-Feb-13 1-May-13 1-Aug-13 1-Nov-13 1-Feb-14 6-Apr-14 6-Apr-15 6-Apr-16 6-Apr-17 6-Apr-18 6-Apr-19
End Date 30-Apr-13 31-Jul-13 31-Oct-13 31-Jan-14 5-Apr-14 5-Apr-15 5-Apr-16 5-Apr-17 5-Apr-18 5-Apr-19 5-Apr-20
No. of days in period 89.00 92.00 92.00 92.00 64.00 365.00 366.00 365.00 365.00 365.00 366.00
Period number -5.00 -4.00 -3.00 -2.00 -1.00 0.00 1.00 2.00 3.00 4.00 5.00
Contract Year number 0.00 0.00 0.00 0.00 0.00 1.00 2.00 3.00 4.00 5.00 6.00
No. of months in period 3.00 3.00 3.00 3.00 2.10 12.00 12.00 12.00 12.00 12.00 12.00
Start Date 1-Feb-13 1-May-13 1-Aug-13 1-Nov-13 1-Feb-14 1-Feb-15 1-Feb-16 1-Feb-17 1-Feb-18 1-Feb-19 1-Feb-20
End Date 30-Apr-13 31-Jul-13 31-Oct-13 31-Jan-14 31-Jan-15 31-Jan-16 31-Jan-17 31-Jan-18 31-Jan-19 31-Jan-20 31-Jan-21
Period number -4.00 -3.00 -2.00 -1.00 0.00 1.00 2.00 3.00 4.00 5.00 6.00
Financial Year number 0.00 0.00 0.00 0.00 1.00 2.00 3.00 4.00 5.00 6.00 7.00
Operating Revenue (excluding fuel cost) 83.61 303.54 305.94 308.36 217.19 2,992.87 3,049.59 3,138.54 3,186.84 3,285.90 3,389.80
Payments for fuel 163.31 608.37 615.90 623.52 437.92 3,951.19 4,128.63 4,310.03 4,514.71 4,730.99 4,972.45
Operating Costs 27.92 116.03 117.46 118.92 83.51 499.86 526.05 550.61 577.90 606.56 639.35
Cost of fuel 159.25 593.22 600.56 607.99 427.01 3,871.11 4,064.90 4,252.81 4,462.48 4,683.24 4,928.71
Operating Profit 59.76 202.66 203.81 204.97 144.59 2,573.10 2,587.27 2,645.15 2,661.17 2,727.09 2,794.19
Interest income 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Interest on working capital, finance charges 0.85 2.65 3.95 3.89 4.91 42.59 63.08 64.13 65.10 66.14 67.61
Interest on term debt (Senior and Subordinated) 30.18 38.94 45.88 50.32 38.68 655.77 636.17 611.08 582.82 551.93 517.52
Depreciation 7.95 38.91 45.67 49.85 109.16 655.04 655.69 657.02 660.38 663.82 665.35
Profit Before Tax 20.79 122.16 108.31 100.91 -8.16 1,219.69 1,232.32 1,312.92 1,352.87 1,445.21 1,543.71
Tax paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Deferred tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Profit After Tax 20.79 122.16 108.31 100.91 -8.16 1,219.69 1,232.32 1,312.92 1,352.87 1,445.21 1,543.71
Dividends 0.00 0.00 0.00 0.00 0.00 1,219.69 1,213.53 833.96 847.29 880.40 915.26
Transferred to Balance Sheet 20.79 122.16 108.31 100.91 -8.16 0.00 18.80 478.96 505.58 564.82 628.44
Start Date 1-Feb-13 1-May-13 1-Aug-13 1-Nov-13 1-Feb-14 6-Apr-14 6-Apr-15 6-Apr-16 6-Apr-17 6-Apr-18 6-Apr-19
End Date 30-Apr-13 31-Jul-13 31-Oct-13 31-Jan-14 5-Apr-14 5-Apr-15 5-Apr-16 5-Apr-17 5-Apr-18 5-Apr-19 5-Apr-20
No. of days in period 89.00 92.00 92.00 92.00 64.00 365.00 366.00 365.00 365.00 365.00 366.00
Period number -5.00 -4.00 -3.00 -2.00 -1.00 0.00 1.00 2.00 3.00 4.00 5.00
Contract Year number 0.00 0.00 0.00 0.00 0.00 1.00 2.00 3.00 4.00 5.00 6.00
No. of months in period 3.00 3.00 3.00 3.00 2.10 12.00 12.00 12.00 12.00 12.00 12.00
Start Date 1-Feb-13 1-May-13 1-Aug-13 1-Nov-13 1-Feb-14 1-Feb-15 1-Feb-16 1-Feb-17 1-Feb-18 1-Feb-19 1-Feb-20
End Date 30-Apr-13 31-Jul-13 31-Oct-13 31-Jan-14 31-Jan-15 31-Jan-16 31-Jan-17 31-Jan-18 31-Jan-19 31-Jan-20 31-Jan-21
Period number -4.00 -3.00 -2.00 -1.00 0.00 1.00 2.00 3.00 4.00 5.00 6.00
Financial Year number 0.00 0.00 0.00 0.00 1.00 2.00 3.00 4.00 5.00 6.00 7.00
Cost of fuel $2.27 $8.47 $8.58 $8.69 $6.10 $55.30 $58.07 $60.75 $63.75 $66.90 $70.41
Operating Profit $0.85 $2.90 $2.91 $2.93 $2.07 $36.76 $36.96 $37.79 $38.02 $38.96 $39.92
Interest income $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Interest on working capital, finance charges $0.01 $0.04 $0.06 $0.06 $0.07 $0.61 $0.90 $0.92 $0.93 $0.94 $0.97
Interest on term debt (Senior and Subordinated) $0.43 $0.56 $0.66 $0.72 $0.55 $9.37 $9.09 $8.73 $8.33 $7.88 $7.39
Depreciation $0.11 $0.56 $0.65 $0.71 $1.56 $9.36 $9.37 $9.39 $9.43 $9.48 $9.51
Profit Before Tax $0.30 $1.75 $1.55 $1.44 -$0.12 $17.42 $17.60 $18.76 $19.33 $20.65 $22.05
Tax paid $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Deferred tax $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Profit After Tax $0.30 $1.75 $1.55 $1.44 -$0.12 $17.42 $17.60 $18.76 $19.33 $20.65 $22.05
Dividends $0.00 $0.00 $0.00 $0.00 $0.00 $17.42 $17.34 $11.91 $12.10 $12.58 $13.08
Transferred to Balance Sheet $0.30 $1.75 $1.55 $1.44 -$0.12 $0.00 $0.27 $6.84 $7.22 $8.07 $8.98
Start Date 6-Apr-20 6-Apr-21 6-Apr-22 6-Apr-23 6-Apr-24 6-Apr-25 6-Apr-26 6-Apr-27 6-Apr-28 6-Apr-29 6-Apr-30
End Date 5-Apr-21 5-Apr-22 5-Apr-23 5-Apr-24 5-Apr-25 5-Apr-26 5-Apr-27 5-Apr-28 5-Apr-29 5-Apr-30 5-Apr-31
No. of days in period 365.00 365.00 365.00 366.00 365.00 365.00 365.00 366.00 365.00 365.00 365.00
Period number 6.00 7.00 8.00 9.00 10.00 11.00 12.00 13.00 14.00 15.00 16.00
Contract Year number 7.00 8.00 9.00 10.00 11.00 12.00 13.00 14.00 15.00 16.00 17.00
No. of months in period 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00
Start Date 1-Feb-21 1-Feb-22 1-Feb-23 1-Feb-24 1-Feb-25 1-Feb-26 1-Feb-27 1-Feb-28 1-Feb-29 1-Feb-30 1-Feb-31
End Date 31-Jan-22 31-Jan-23 31-Jan-24 31-Jan-25 31-Jan-26 31-Jan-27 31-Jan-28 31-Jan-29 31-Jan-30 31-Jan-31 31-Jan-32
Period number 7.00 8.00 9.00 10.00 11.00 12.00 13.00 14.00 15.00 16.00 17.00
Financial Year number 8.00 9.00 10.00 11.00 12.00 13.00 14.00 15.00 16.00 17.00 18.00
Operating Revenue (excluding fuel cost) 3,497.94 3,623.13 3,737.86 3,858.52 3,983.05 4,113.20 4,248.91 4,403.80 4,545.31 4,700.35 4,855.14
Payments for fuel 5,222.61 5,469.21 5,732.52 6,026.41 6,301.75 6,608.49 6,961.22 7,309.78 7,640.70 8,010.41 8,399.28
Operating Costs 669.20 702.37 737.20 775.90 813.32 853.65 895.99 943.02 1,293.12 1,358.81 1,426.34
Cost of fuel 5,175.28 5,427.44 5,695.40 5,993.45 6,273.42 6,584.81 6,933.30 7,290.88 7,629.81 8,007.06 8,403.94
Operating Profit 2,876.08 2,962.53 3,037.78 3,115.58 3,198.06 3,283.24 3,380.85 3,479.68 3,263.07 3,344.90 3,424.15
Interest income 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Interest on working capital, finance charges 69.15 70.88 72.63 74.31 76.06 77.89 79.79 71.27 71.45 68.72 70.69
Interest on term debt (Senior and Subordinated) 479.71 437.98 391.80 341.25 283.55 219.13 149.33 70.80 21.57 7.38 0.00
Depreciation 672.35 679.43 681.21 685.77 690.43 692.49 697.59 705.27 712.74 720.57 728.79
Profit Before Tax 1,654.87 1,774.25 1,892.14 2,014.25 2,148.02 2,293.72 2,454.14 2,632.33 2,457.33 2,548.23 2,624.67
Tax paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Deferred tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Profit After Tax 1,654.87 1,774.25 1,892.14 2,014.25 2,148.02 2,293.72 2,454.14 2,632.33 2,457.33 2,548.23 2,624.67
Dividends 924.71 965.86 1,010.86 1,059.97 1,005.93 1,105.33 1,142.63 1,138.37 2,457.33 2,548.23 2,624.67
Transferred to Balance Sheet 730.16 808.39 881.28 954.29 1,142.09 1,188.39 1,311.51 1,493.96 0.00 0.00 0.00
Start Date 6-Apr-20 6-Apr-21 6-Apr-22 6-Apr-23 6-Apr-24 6-Apr-25 6-Apr-26 6-Apr-27 6-Apr-28 6-Apr-29 6-Apr-30
End Date 5-Apr-21 5-Apr-22 5-Apr-23 5-Apr-24 5-Apr-25 5-Apr-26 5-Apr-27 5-Apr-28 5-Apr-29 5-Apr-30 5-Apr-31
No. of days in period 365.00 365.00 365.00 366.00 365.00 365.00 365.00 366.00 365.00 365.00 365.00
Period number 6.00 7.00 8.00 9.00 10.00 11.00 12.00 13.00 14.00 15.00 16.00
Contract Year number 7.00 8.00 9.00 10.00 11.00 12.00 13.00 14.00 15.00 16.00 17.00
No. of months in period 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00
Start Date 1-Feb-21 1-Feb-22 1-Feb-23 1-Feb-24 1-Feb-25 1-Feb-26 1-Feb-27 1-Feb-28 1-Feb-29 1-Feb-30 1-Feb-31
End Date 31-Jan-22 31-Jan-23 31-Jan-24 31-Jan-25 31-Jan-26 31-Jan-27 31-Jan-28 31-Jan-29 31-Jan-30 31-Jan-31 31-Jan-32
Period number 7.00 8.00 9.00 10.00 11.00 12.00 13.00 14.00 15.00 16.00 17.00
Financial Year number 8.00 9.00 10.00 11.00 12.00 13.00 14.00 15.00 16.00 17.00 18.00
Cost of fuel $73.93 $77.53 $81.36 $85.62 $89.62 $94.07 $99.05 $104.16 $109.00 $114.39 $120.06
Operating Profit $41.09 $42.32 $43.40 $44.51 $45.69 $46.90 $48.30 $49.71 $46.62 $47.78 $48.92
Interest income $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Interest on working capital, finance charges $0.99 $1.01 $1.04 $1.06 $1.09 $1.11 $1.14 $1.02 $1.02 $0.98 $1.01
Interest on term debt (Senior and Subordinated) $6.85 $6.26 $5.60 $4.87 $4.05 $3.13 $2.13 $1.01 $0.31 $0.11 $0.00
Depreciation $9.60 $9.71 $9.73 $9.80 $9.86 $9.89 $9.97 $10.08 $10.18 $10.29 $10.41
Profit Before Tax $23.64 $25.35 $27.03 $28.78 $30.69 $32.77 $35.06 $37.60 $35.10 $36.40 $37.50
Tax paid $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Deferred tax $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Profit After Tax $23.64 $25.35 $27.03 $28.78 $30.69 $32.77 $35.06 $37.60 $35.10 $36.40 $37.50
Dividends $13.21 $13.80 $14.44 $15.14 $14.37 $15.79 $16.32 $16.26 $35.10 $36.40 $37.50
Transferred to Balance Sheet $10.43 $11.55 $12.59 $13.63 $16.32 $16.98 $18.74 $21.34 $0.00 $0.00 $0.00
Operating Revenue (excluding fuel cost) 4,948.63 5,114.84 5,304.31 5,478.88 5,662.78
Payments for fuel 8,832.19 9,278.34 9,716.17 10,183.75 10,705.92
Operating Costs 1,500.26 1,571.69 1,649.87 1,733.59 1,823.44
Cost of fuel 8,845.15 9,287.99 9,740.13 10,220.68 10,755.56
Start Date 1-Feb-13 1-May-13 1-Aug-13 1-Nov-13 1-Feb-14 6-Apr-14 6-Apr-15 6-Apr-16 6-Apr-17 6-Apr-18 6-Apr-19
End Date 30-Apr-13 31-Jul-13 31-Oct-13 31-Jan-14 5-Apr-14 5-Apr-15 5-Apr-16 5-Apr-17 5-Apr-18 5-Apr-19 5-Apr-20
No. of days in period 89.00 92.00 92.00 92.00 64.00 365.00 366.00 365.00 365.00 365.00 366.00
Period number -5.00 -4.00 -3.00 -2.00 -1.00 0.00 1.00 2.00 3.00 4.00 5.00
Contract Year number 0.00 0.00 0.00 0.00 0.00 1.00 2.00 3.00 4.00 5.00 6.00
No. of months in period 3.00 3.00 3.00 3.00 2.10 12.00 12.00 12.00 12.00 12.00 12.00
Start Date 1-Feb-13 1-May-13 1-Aug-13 1-Nov-13 1-Feb-14 1-Feb-15 1-Feb-16 1-Feb-17 1-Feb-18 1-Feb-19 1-Feb-20
End Date 30-Apr-13 31-Jul-13 31-Oct-13 31-Jan-14 31-Jan-15 31-Jan-16 31-Jan-17 31-Jan-18 31-Jan-19 31-Jan-20 31-Jan-21
Period number -4.00 -3.00 -2.00 -1.00 0.00 1.00 2.00 3.00 4.00 5.00 6.00
Financial Year number 0.00 0.00 0.00 0.00 1.00 2.00 3.00 4.00 5.00 6.00 7.00
Operating Profit 59.76 202.66 203.81 204.97 144.59 2,573.10 2,587.27 2,645.15 2,661.17 2,727.09 2,794.19
Interest income 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Change in working capital 41.78 102.56 0.88 0.89 1.08 289.13 6.18 11.75 4.64 12.93 13.22
Change in working capital funded by working capital facility 41.78 102.56 0.88 0.89 1.08 289.13 6.18 11.75 4.64 12.93 13.22
Income tax paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Cash utilised for Major Maintenance expenditure 0.00 0.00 0.00 0.00 0.00 0.00 43.23 45.39 178.73 50.04 52.55
Transfer to the MMRA 0.00 0.00 0.00 0.00 0.00 100.82 60.25 60.82 -69.71 61.85 62.30
Interest on working capital, finance charges 0.85 2.65 3.95 3.89 4.91 42.59 63.08 64.13 65.10 66.14 67.61
Surplus cash from operations 58.91 200.01 199.87 201.08 139.67 2,429.69 2,420.70 2,474.81 2,487.05 2,549.06 2,611.73
Capital expenditure 3,141.94 3,478.75 1,674.95 1,513.54 2,085.70 0.00 0.00 0.00 0.00 0.00 0.00
Draw down of shareholder funds 942.58 1,043.62 502.48 454.06 625.71 0.00 0.00 0.00 0.00 0.00 0.00
Draw down of Subordinated term debt 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Draw down of Senior term debt 2,199.36 2,435.12 1,172.46 1,059.48 1,459.99 0.00 0.00 0.00 0.00 0.00 0.00
Surplus cash available for debt service 58.91 200.01 199.87 201.08 139.67 2,429.69 2,420.70 2,474.81 2,487.05 2,549.06 2,611.73
Interest on Senior term debt 30.18 38.94 45.88 50.32 38.68 655.77 636.17 611.08 582.82 551.93 517.52
Interest on Subordinated term debt 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Repayment of Senior term debt 0.00 0.00 0.00 0.00 0.00 776.16 944.29 1,029.77 1,056.94 1,116.74 1,178.95
Repayment of Subordinated term debt 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Surplus cash after debt service 28.73 161.06 153.98 150.76 100.99 997.76 840.25 833.96 847.29 880.40 915.26
Transfer to the DSRA 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Surplus cash after DSRA 28.73 161.06 153.98 150.76 100.99 997.76 840.25 833.96 847.29 880.40 915.26
Drawdown of short term debt 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Repayment of short term debt 0.33 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Surplus cash available for distribution 28.41 161.06 153.98 150.76 100.99 997.76 840.25 833.96 847.29 880.40 915.26
Dividends 0.00 0.00 0.00 0.00 0.00 1,219.69 1,213.53 833.96 847.29 880.40 915.26
Change in cash 28.41 161.06 153.98 150.76 100.99 -221.93 -373.28 0.00 0.00 0.00 0.00
Opening Cash (Orig) 0.00 28.41 189.47 343.45 494.21 595.21 373.28 0.00 0.00 0.00 0.00
Start Date 1-Feb-13 1-May-13 1-Aug-13 1-Nov-13 1-Feb-14 6-Apr-14 6-Apr-15 6-Apr-16 6-Apr-17 6-Apr-18 6-Apr-19
End Date 30-Apr-13 31-Jul-13 31-Oct-13 31-Jan-14 5-Apr-14 5-Apr-15 5-Apr-16 5-Apr-17 5-Apr-18 5-Apr-19 5-Apr-20
No. of days in period 89.00 92.00 92.00 92.00 64.00 365.00 366.00 365.00 365.00 365.00 366.00
Period number -5.00 -4.00 -3.00 -2.00 -1.00 0.00 1.00 2.00 3.00 4.00 5.00
Contract Year number 0.00 0.00 0.00 0.00 0.00 1.00 2.00 3.00 4.00 5.00 6.00
No. of months in period 3.00 3.00 3.00 3.00 2.10 12.00 12.00 12.00 12.00 12.00 12.00
Start Date 1-Feb-13 1-May-13 1-Aug-13 1-Nov-13 1-Feb-14 1-Feb-15 1-Feb-16 1-Feb-17 1-Feb-18 1-Feb-19 1-Feb-20
End Date 30-Apr-13 31-Jul-13 31-Oct-13 31-Jan-14 31-Jan-15 31-Jan-16 31-Jan-17 31-Jan-18 31-Jan-19 31-Jan-20 31-Jan-21
Period number -4.00 -3.00 -2.00 -1.00 0.00 1.00 2.00 3.00 4.00 5.00 6.00
Financial Year number 0.00 0.00 0.00 0.00 1.00 2.00 3.00 4.00 5.00 6.00 7.00
Closing Cash 28.41 189.47 343.45 494.21 595.21 373.28 0.00 0.00 0.00 0.00 0.00
DSRA
Transfer to/(from) DSRA 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
DSRA balance 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
DSRA required 100.63 100.63 100.63 77.35 1,031.64 1,031.64 1,031.64 1,031.64 1,031.64 1,031.64 1,031.64
Cost of LC in lieu of DSRA 0.33 0.33 0.33 0.25 2.35 13.41 13.41 13.41 13.41 13.41 13.41
DSRA Funded as Project Cost $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
DSRA Funded as Project Cost Copy $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
MMRA
Scheduled Major Maintenance Cost (US$ million 100% Fixed
and Foreign)
Scheduled (Real
Major CY basis) Cost (US$ million 100% Fixed
Maintenance $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.48 $0.48 $1.80 $0.48 $0.48
and Foreign) (Nominal CY basis) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.54 $0.56 $2.13 $0.58 $0.59
MMRA
Opening $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.30 $2.06 $2.80 $1.97 $2.69
Addition (i.e provisioned in P&L) $0.00 $0.00 $0.00 $0.00 $0.00 $1.30 $1.30 $1.30 $1.30 $1.30 $1.30
Draw down (i.e. utilised for expenditure) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.54 $0.56 $2.13 $0.58 $0.59
MMRA a/c balance $0.00 $0.00 $0.00 $0.00 $0.00 $1.30 $2.06 $2.80 $1.97 $2.69 $3.39
Cost of LC in lieu of MMRA $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Cash available for debt service 58.91 200.01 199.87 201.08 139.67 2,429.69 2,420.70 2,474.81 2,487.05 2,549.06 2,611.73
DSCR
Total Debt service 30.18 38.94 45.88 50.32 38.68 1,431.93 1,580.46 1,640.84 1,639.76 1,668.66 1,696.47
Total DSCR 1.70 1.53 1.51 1.52 1.53 1.54
Start/End of Total debt service 10.00
Senior Debt service 30.18 38.94 45.88 50.32 38.68 1,431.93 1,580.46 1,640.84 1,639.76 1,668.66 1,696.47
Senior Debt DSCR 1.70 1.53 1.51 1.52 1.53 1.54
Start/End of Senior debt service 10.00
Start Date 1-Feb-13 1-May-13 1-Aug-13 1-Nov-13 1-Feb-14 6-Apr-14 6-Apr-15 6-Apr-16 6-Apr-17 6-Apr-18 6-Apr-19
End Date 30-Apr-13 31-Jul-13 31-Oct-13 31-Jan-14 5-Apr-14 5-Apr-15 5-Apr-16 5-Apr-17 5-Apr-18 5-Apr-19 5-Apr-20
No. of days in period 89.00 92.00 92.00 92.00 64.00 365.00 366.00 365.00 365.00 365.00 366.00
Period number -5.00 -4.00 -3.00 -2.00 -1.00 0.00 1.00 2.00 3.00 4.00 5.00
Contract Year number 0.00 0.00 0.00 0.00 0.00 1.00 2.00 3.00 4.00 5.00 6.00
No. of months in period 3.00 3.00 3.00 3.00 2.10 12.00 12.00 12.00 12.00 12.00 12.00
Start Date 1-Feb-13 1-May-13 1-Aug-13 1-Nov-13 1-Feb-14 1-Feb-15 1-Feb-16 1-Feb-17 1-Feb-18 1-Feb-19 1-Feb-20
End Date 30-Apr-13 31-Jul-13 31-Oct-13 31-Jan-14 31-Jan-15 31-Jan-16 31-Jan-17 31-Jan-18 31-Jan-19 31-Jan-20 31-Jan-21
Period number -4.00 -3.00 -2.00 -1.00 0.00 1.00 2.00 3.00 4.00 5.00 6.00
Financial Year number 0.00 0.00 0.00 0.00 1.00 2.00 3.00 4.00 5.00 6.00 7.00
LLCR
NPV of Cash available for debt service 44,980.76 44,780.75 44,580.89 44,379.81 44,240.14 41,810.45 39,389.74 36,914.93 34,427.88 31,878.82 29,267.08
LLCR - Total Debt 4.83 3.79 3.41 3.12 2.81 2.72 2.66 2.60 2.55 2.51 2.47
LLCR - Senior Debt 4.83 3.79 3.41 3.12 2.81 2.72 2.66 2.60 2.55 2.51 2.47
Start Date 6-Apr-20 6-Apr-21 6-Apr-22 6-Apr-23 6-Apr-24 6-Apr-25 6-Apr-26 6-Apr-27 6-Apr-28 6-Apr-29 6-Apr-30 6-Apr-31
End Date 5-Apr-21 5-Apr-22 5-Apr-23 5-Apr-24 5-Apr-25 5-Apr-26 5-Apr-27 5-Apr-28 5-Apr-29 5-Apr-30 5-Apr-31 5-Apr-32
No. of days in period 365.00 365.00 365.00 366.00 365.00 365.00 365.00 366.00 365.00 365.00 365.00 366.00
Period number 6.00 7.00 8.00 9.00 10.00 11.00 12.00 13.00 14.00 15.00 16.00 17.00
Contract Year number 7.00 8.00 9.00 10.00 11.00 12.00 13.00 14.00 15.00 16.00 17.00 18.00
No. of months in period 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00
Start Date 1-Feb-21 1-Feb-22 1-Feb-23 1-Feb-24 1-Feb-25 1-Feb-26 1-Feb-27 1-Feb-28 1-Feb-29 1-Feb-30 1-Feb-31 1-Feb-32
End Date 31-Jan-22 31-Jan-23 31-Jan-24 31-Jan-25 31-Jan-26 31-Jan-27 31-Jan-28 31-Jan-29 31-Jan-30 31-Jan-31 31-Jan-32 31-Jan-33
Period number 7.00 8.00 9.00 10.00 11.00 12.00 13.00 14.00 15.00 16.00 17.00 18.00
Financial Year number 8.00 9.00 10.00 11.00 12.00 13.00 14.00 15.00 16.00 17.00 18.00 19.00
Operating Profit 2,876.08 2,962.53 3,037.78 3,115.58 3,198.06 3,283.24 3,380.85 3,479.68 3,263.07 3,344.90 3,424.15 3,435.41
Interest income 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Change in working capital 14.29 16.72 14.77 15.27 16.08 16.65 17.33 19.93 -20.18 17.63 17.36 6.34
Change in working capital funded by working capital facility 14.29 16.72 14.77 15.27 16.08 16.65 17.33 19.93 -20.18 17.63 17.36 6.34
Income tax paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Cash utilised for Major Maintenance expenditure 413.80 57.93 60.83 243.51 67.06 70.42 269.57 242.61 254.74 267.48 280.85 294.89
Transfer to the MMRA -241.52 118.90 120.67 -57.22 124.14 125.83 -68.14 -35.86 -42.54 -49.67 -57.30 -65.44
Interest on working capital, finance charges 69.15 70.88 72.63 74.31 76.06 77.89 79.79 71.27 71.45 68.72 70.69 72.09
Surplus cash from operations 2,634.64 2,714.82 2,783.65 2,854.99 2,930.80 3,009.09 3,099.63 3,201.66 2,979.43 3,058.38 3,129.91 3,133.87
Capital expenditure 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Draw down of shareholder funds 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Draw down of Subordinated term debt 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Draw down of Senior term debt 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Surplus cash available for debt service 2,634.64 2,714.82 2,783.65 2,854.99 2,930.80 3,009.09 3,099.63 3,201.66 2,979.43 3,058.38 3,129.91 3,133.87
Interest on Senior term debt 479.71 437.98 391.80 341.25 283.55 219.13 149.33 70.80 21.57 7.38 0.00 0.00
Interest on Subordinated term debt 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Repayment of Senior term debt 1,230.23 1,310.99 1,380.99 1,453.77 1,641.32 1,684.64 1,807.68 1,992.49 414.32 425.25 0.00 0.00
Repayment of Subordinated term debt 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Surplus cash after debt service 924.71 965.86 1,010.86 1,059.97 1,005.93 1,105.33 1,142.63 1,138.37 2,543.54 2,625.75 3,129.91 3,133.87
Transfer to the DSRA 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Surplus cash after DSRA 924.71 965.86 1,010.86 1,059.97 1,005.93 1,105.33 1,142.63 1,138.37 2,543.54 2,625.75 3,129.91 3,133.87
Drawdown of short term debt 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Repayment of short term debt 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Surplus cash available for distribution 924.71 965.86 1,010.86 1,059.97 1,005.93 1,105.33 1,142.63 1,138.37 2,543.54 2,625.75 3,129.91 3,133.87
Dividends 924.71 965.86 1,010.86 1,059.97 1,005.93 1,105.33 1,142.63 1,138.37 2,457.33 2,548.23 2,624.67 2,625.89
Change in cash 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 86.22 77.52 505.24 507.98
Opening Cash (Orig) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 86.22 163.73 668.98
Start Date 6-Apr-20 6-Apr-21 6-Apr-22 6-Apr-23 6-Apr-24 6-Apr-25 6-Apr-26 6-Apr-27 6-Apr-28 6-Apr-29 6-Apr-30 6-Apr-31
End Date 5-Apr-21 5-Apr-22 5-Apr-23 5-Apr-24 5-Apr-25 5-Apr-26 5-Apr-27 5-Apr-28 5-Apr-29 5-Apr-30 5-Apr-31 5-Apr-32
No. of days in period 365.00 365.00 365.00 366.00 365.00 365.00 365.00 366.00 365.00 365.00 365.00 366.00
Period number 6.00 7.00 8.00 9.00 10.00 11.00 12.00 13.00 14.00 15.00 16.00 17.00
Contract Year number 7.00 8.00 9.00 10.00 11.00 12.00 13.00 14.00 15.00 16.00 17.00 18.00
No. of months in period 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00
Start Date 1-Feb-21 1-Feb-22 1-Feb-23 1-Feb-24 1-Feb-25 1-Feb-26 1-Feb-27 1-Feb-28 1-Feb-29 1-Feb-30 1-Feb-31 1-Feb-32
End Date 31-Jan-22 31-Jan-23 31-Jan-24 31-Jan-25 31-Jan-26 31-Jan-27 31-Jan-28 31-Jan-29 31-Jan-30 31-Jan-31 31-Jan-32 31-Jan-33
Period number 7.00 8.00 9.00 10.00 11.00 12.00 13.00 14.00 15.00 16.00 17.00 18.00
Financial Year number 8.00 9.00 10.00 11.00 12.00 13.00 14.00 15.00 16.00 17.00 18.00 19.00
Closing Cash 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 86.22 163.73 668.98 1,176.95
DSRA
Transfer to/(from) DSRA 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
DSRA balance 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
DSRA required 1,031.64 1,031.64 1,031.64 1,031.64 1,031.64 1,031.64 1,031.64 217.94 216.31 0.00 0.00 0.00
Cost of LC in lieu of DSRA 13.41 13.41 13.41 13.41 13.41 13.41 13.41 2.83 2.81 0.00 0.00 0.00
DSRA Funded as Project Cost $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
DSRA Funded as Project Cost Copy $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
MMRA
Scheduled Major Maintenance Cost (US$ million 100% Fixed
and Foreign)
Scheduled (Real
Major CY basis) Cost (US$ million 100% Fixed
Maintenance $3.60 $0.48 $0.48 $1.83 $0.48 $0.48 $1.75 $1.50 $1.50 $1.50 $1.50 $1.50
and Foreign) (Nominal CY basis) $4.56 $0.62 $0.64 $2.48 $0.67 $0.68 $2.54 $2.23 $2.28 $2.33 $2.39 $2.44
MMRA
Opening $3.39 $0.73 $2.01 $3.27 $2.69 $3.92 $5.14 $4.50 $4.17 $3.79 $3.35 $2.87
Addition (i.e provisioned in P&L) $1.90 $1.90 $1.90 $1.90 $1.90 $1.90 $1.90 $1.90 $1.90 $1.90 $1.90 $1.90
Draw down (i.e. utilised for expenditure) $4.56 $0.62 $0.64 $2.48 $0.67 $0.68 $2.54 $2.23 $2.28 $2.33 $2.39 $2.44
MMRA a/c balance $0.73 $2.01 $3.27 $2.69 $3.92 $5.14 $4.50 $4.17 $3.79 $3.35 $2.87 $2.32
Cost of LC in lieu of MMRA $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Cash available for debt service 2,634.64 2,714.82 2,783.65 2,854.99 2,930.80 3,009.09 3,099.63 3,201.66 2,979.43 3,058.38 3,129.91 3,133.87
DSCR
Total Debt service 1,709.93 1,748.96 1,772.79 1,795.02 1,924.87 1,903.76 1,957.01 2,063.29 435.88 432.63 0.00 0.00
Total DSCR 1.54 1.55 1.57 1.59 1.52 1.58 1.58 1.55 6.84 7.07
Start/End of Total debt service 30.00
Senior Debt service 1,709.93 1,748.96 1,772.79 1,795.02 1,924.87 1,903.76 1,957.01 2,063.29 435.88 432.63 0.00 0.00
Senior Debt DSCR 1.54 1.55 1.57 1.59 1.52 1.58 1.58 1.55 6.84 7.07
Start/End of Senior debt service 30.00
Start Date 6-Apr-20 6-Apr-21 6-Apr-22 6-Apr-23 6-Apr-24 6-Apr-25 6-Apr-26 6-Apr-27 6-Apr-28 6-Apr-29 6-Apr-30 6-Apr-31
End Date 5-Apr-21 5-Apr-22 5-Apr-23 5-Apr-24 5-Apr-25 5-Apr-26 5-Apr-27 5-Apr-28 5-Apr-29 5-Apr-30 5-Apr-31 5-Apr-32
No. of days in period 365.00 365.00 365.00 366.00 365.00 365.00 365.00 366.00 365.00 365.00 365.00 366.00
Period number 6.00 7.00 8.00 9.00 10.00 11.00 12.00 13.00 14.00 15.00 16.00 17.00
Contract Year number 7.00 8.00 9.00 10.00 11.00 12.00 13.00 14.00 15.00 16.00 17.00 18.00
No. of months in period 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00
Start Date 1-Feb-21 1-Feb-22 1-Feb-23 1-Feb-24 1-Feb-25 1-Feb-26 1-Feb-27 1-Feb-28 1-Feb-29 1-Feb-30 1-Feb-31 1-Feb-32
End Date 31-Jan-22 31-Jan-23 31-Jan-24 31-Jan-25 31-Jan-26 31-Jan-27 31-Jan-28 31-Jan-29 31-Jan-30 31-Jan-31 31-Jan-32 31-Jan-33
Period number 7.00 8.00 9.00 10.00 11.00 12.00 13.00 14.00 15.00 16.00 17.00 18.00
Financial Year number 8.00 9.00 10.00 11.00 12.00 13.00 14.00 15.00 16.00 17.00 18.00 19.00
LLCR
NPV of Cash available for debt service 26,632.44 23,917.62 21,133.97 18,278.98 15,348.18 12,339.09 9,239.46 6,037.80 3,058.38 0.00 0.00 0.00
LLCR - Total Debt 2.44 2.42 2.42 2.44 2.55 2.76 3.34 7.38 7.29
LLCR - Senior Debt 2.44 2.42 2.42 2.44 2.55 2.76 3.34 7.38 7.29
DSRA
Transfer to/(from) DSRA 0.00 0.00 0.00 0.00
DSRA balance 0.00 0.00 0.00 0.00
DSRA required 0.00 0.00 0.00 0.00
Cost of LC in lieu of DSRA 0.00 0.00 0.00 0.00
MMRA
Scheduled Major Maintenance Cost (US$ million 100% Fixed
and Foreign)
Scheduled (Real
Major CY basis) Cost (US$ million 100% Fixed
Maintenance $1.50 $1.50 $1.50 $1.50
and Foreign) (Nominal CY basis) $2.50 $2.56 $2.61 $2.67
MMRA
Opening $2.32 $1.73 $1.07 $0.36
Addition (i.e provisioned in P&L) $1.90 $1.90 $1.90 $1.90
Draw down (i.e. utilised for expenditure) $2.50 $2.56 $2.61 $2.26
MMRA a/c balance $1.73 $1.07 $0.36 $0.00
Cost of LC in lieu of MMRA $0.00 $0.00 $0.00 $0.00
DSCR
Total Debt service 0.00 0.00 0.00 0.00
Total DSCR
Start/End of Total debt service
LLCR
NPV of Cash available for debt service 0.00 0.00 0.00 0.00
LLCR - Total Debt
LLCR - Senior Debt
Other Ratios
Liquidity Ratios: Min Avg
Current Ratio = Current Assets/Current Liabilities 4.61 6.69
Quick Ratio = Current Assets – Inventory/ Current Liabilities 4.61 6.69