1 2 3 4

Dep 6,080,000 4,560,000 3,040,000 1,520,000

Int 1,440,000 1,080,000 720,000 360,000
NIBIT 7,520,000 5,640,000 3,760,000 1,880,000
IT10% 752,000 564,000 376,000 188,000
NET INCOME 8,272,000 6,204,000 4,136,000 2,068,000
Deduct
Dep 6,080,000 4,560,000 3,040,000 1,520,000
Salvage 800,000
NET CO FLOW 2,192,000 1,644,000 1,096,000 (252,000)

y NCF DCF (18%) PV y

1 2,192,000 0.8475 1,857,720 1
2 1,644,000 0.7182 1,180,721 2
3 1,096,000 0.6086 667,026 3
4 (252,000) 0.5158 (129,982) 4
Total Pv 3,575,485
Less Init 16000000
NPV (12,424,515)
 1 2 3 4
Rent 3,800,000 3,800,000 3,800,000 3,800,000
Int
NIBIT 3,800,000 3,800,000 3,800,000 3,800,000
IT10% 380,000 380,000 380,000 380,000
NET INCOME 4,180,000 4,180,000 4,180,000 4,180,000
Deduct
Dep
Salvage
NET CO FLOW 4,180,000 4,180,000 4,180,000 4,180,000

NCF DCF (18%) PV

4,180,000 0.8475 3,542,550
4,180,000 0.7182 3,002,076
4,180,000 0.6086 2,543,948
4,180,000 0.5158 2,156,044
Total Pv 11,244,618
Less Init 16000000
NPV (4,755,382)
 Cash Budget Sheet
Description March April May June July
Beginning Bank Balance 5,000
Receipts:
Cash Sales 13,500
Collections:
A/R Trade

A/R Others

Proceed: Loan
Total receipt
Total Available Cash:
Disbursement:
A/P Trade 6,300 5,000
14,000
Controllable Expenses:
Salaries, Wages, Benefit 20,000 18,500 21,000 22,000 23,500
Marketing 4,000 4,200 4,000 4,500 5,000
Direct operating Exp. 1,500 1,250 1,250 1,250 1,500
1,500 1,250 1,250 1,250
POMEC 2,000 1,750 1,500 1,500 1,600
2,000 1,750 1,500 1,500
A&G 1,000 900 850 900 1,000
1,000 900 850 900
Total Controllable Expenses 28,500 31,100 32,500 33,750 36,250
Occupation Costs 4,000 4,000 4,000 4,000 4,000

Government 6,400
Service 10%
Others

Loan Repayment 2,000 2,000 2,000 2,000 2,000

Dividend paid
Total Disbursement:
Ending Bank Balance
 1. CASH BUDGET
Motel TOMNAM
For the months of July - September 1998
(in '000 Rp)
Description July August September
Beginning Bank Balance 11,500 28,925 52,288
Receipts:
Cash Sales 45,000### 51,600### 59,400
Collections:
A/R Trade 30,000### 34,400### 39,600

Total Available Cash: 86,500### 114,925### 151,288

Disbursement:
Operating Costs 9,975### 14,963### 14,000
A/P Trade 15,600### 18,525### 27,788
Consultant fee 20,000### 20,000### 20,000
Rents 2,500### 2,500### 2,500
Utilities 1,250### 1,250### 1,250
Supplies & Other Expenses 3,750### 3,750### 3,750
Income tax 4,500 1,650 4,500
Total Disbursement: 57,575### 62,638### 73,788

Ending Bank Balance 28,925 52,288 77,501

2. CASH BUDGET
Warung Steak Chiba
For The months of January - February (1998)
(in US $)
Description January February
Beginning Bank Balance 1,000
Receipts:
Cash Sales 11,083### 15,970
Collections:
A/R Trade 14,680 16,760
Credit Card Receipt 8,237 7,270

Total Available Cash: 35,000### 40,000

Disbursement:
F&B Cost 15,000### 10,500
Salaries 4,000 4,000
Honor 8,750### 10,000
Variabel Cost 10,000### 7,000
Mortgage Payments 3,000### 3,000
Devidends ### 4,000
Loan & interest payments ###
Total Disbursement: 40,750### 38,500

Ending Bank Balance (5,750) 1,500

CASH RECEIPT Credit Card :

DS t DS t-1

CR CC = St ( CC % ) ( 1 – BC ) ( DP t ) + S t-1 ( CC % ) (1 – BC ) ( DP t-1 )

CR cc 10.33 10.33
= 35000 (30%) (1-3%) (31) + 50000 (30%) (1-3%) (31)
January
= 35000 (0.291) (0.333) + 50000 (0.291) (0.3330
= 3392 + 4845
= 8237

CR cc 9.33 10.33
February = 40000 (30%) (1-3%) (28) + 35000 (30%) (1-3%) (31)
= 40000 (0.291) (0.333) + 35000 (0.291) (0.3330
= 3878 + 3392
= 7270

CASH RECEIPT regular Credit Sales :

CR rC = S t ( RC % ) ( CEt% ) + S t-1 (RC %) ( CE t-1 % )…….+ S t-n (RC %) ( CE t-n %)

CR rc = 35000 (40%) (10%) + 50000 (40%) (30%) + 30000 (40%) (50%) + 40000 (40%) (8%)
January = 1600 + 6000 + 6000 + 1280
= 14680

CR rc = 40000 (40%) (10%) + 35000 (40%) (30%) + 50000 (40%) (50%) + 30000 (40%) (8%)
February = 1600 + 4200 + 10000 + 960
= 16760