6511- Financial Analysis Sheet_26Jun2012

7/30/2019 6511- Financial Analysis Sheet_26Jun2012

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Co-composting at Bangun Bandar

General Data Value Unit Data Source

Project Initial Investment 14,281.19 million IDR worksheet

Project Lifetime 20 years EB guidelines

Operating and Maintenance Cost 1,864.68 million IDR worksheet

Insurance premium 0.00% N/A

CER price estimation 145,068.00 IDR CER Market Price (at 12 Euro)

CER revenue (average per year) 3,510.25 million IDR

Fertilizer cost saving (1st year) 2,256.36 million IDR worksheet

CER Estimation0 1 2 3 4

2011 2012 2013 2014 2015 2

CER estimation 12,447 15,106 17,350 19,242 20,

Revenue (million IDR) 1,805.66 2,191.40 2,516.93 2,791.40 3,023

Projected Profitability Statement - Without CDM (IDR million)

0 1 2 3 4

2011 2012 2013 2014 2015 2

Revenue

Fertilizer Saving 2,256.36 2,256.36 2,256.36 2,256.36 2,256

Insurance Premium - - - -

O&M 1,864.68 1,864.68 1,864.68 1,864.68 1,864

Project Investmen 14,281.19

Cash Flow (14,281.19) 391.68 391.68 391.68 391.68 391

IRR -5.14%

Projected Profitability Statement - With CDM (IDR million)

0 1 2 3 4

2011 2012 2013 2014 2015 2

Revenue

Fertilizer Saving 2,256.36 2,256.36 2,256.36 2,256.36 2,256

CER Revenue 1,805.66 2,191.40 2,516.93 2,791.40 3,023

Insurance Premium - - - -

O&M 1,864.68 1,864.68 1,864.68 1,864.68 1,864

Project Investmen 14,281.19

Cash Flow 14 281.19 2 197.35 2 583.08 2 908.61 3 183.08 3 414

IRR 21.96%

Factor Variation Without CDM

Project revenue 0% -5.14%

Project investment 0% -5.14%

O and M 0% -5.14%

Factor -10% Base Case 10%

Project revenue -11.12% -5.14% -1.35%

Project investment -4.31% -5.14% -5.87%

O and M -1.93% -5.14% -9.75%

Benchmark 12.50% 12.50% 12.50%

Year

IRR sensitifity without CDM

Sensitivity Analysis

Note : input percentage in Variation column to get IRR sensitised.

Year

Year


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VOL. SAT. REALIZATION UnitI Electrical Systema MCC Panel and Cable to EFB from Engine Room 1 Lot 162,971,250 IDR

bUpgrading Electrical Power from 66 KVA to 345

KVA su l to EFB 1 Lot 186,538,620 IDR

c Capasitor c/w Panel distribution 1 Lot 121,780,000 IDR471,289,870II Bunker and ancillary for Composting (8 bunkers)a Leveling Loading Ramp for Pressed Empty Bunch 1 Lot 649,381,750 IDRb Bunker Building for Composting 1 Lot 7,250,865,600 IDR

c Blower and spigot for Composting + installation 1 Lot 394,769,400 IDR

d Fan system for bunkers 1 Lot 808,686,709 IDR9,103,703,459

III Machinery and equipmenta Wheel Loader with bucket Cap. 3 m

3 1 unit 1,318,208,900 IDR

b Traymaster Bunker Filler 1 unit 1,757,949,100 IDRc Dump Truck 1 unit 512,000,000 IDR3,588,158,000IV Compost spreadera Spreader Cap.6 ton 1 unit 709,863,880 IDRb Wheel tractor 1 unit 408,172,600 IDR1,118,036,480

Total Initial Investment 14,281,187,809 IDRTotal Initial Investment 14,281 million IDR*) All values are based on quotation from technology supplier

PROJECT COMPOSTING IN PT. SOCFIN INDONESIA *)NO. D E S C R I P T I O N BANGUN BANDAR ESTATE


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Operation and Maintenance Cost01. Fuel and Electricity CostsSpreader Machine and Tractor

Parameter Unit ValueSpecific Fuel Consumption lbs/hph 0.373Operational Hours per day hours 6.00Operatinal Days per year days 300.00Engine Capacity HP 88.00Fuel Consumption lbs/year 59,083.20

kg/year 26,799.69 CalculationDiesel Oil Density kg/litre 0.84Diesel Oil Consumption litre 31,904.39 Calculation

Diesel Oil Price IDR/litre 4,500.00

Total fuel cost million IDR 143.57

Wheel Loader

Parameter Unit Value

Specific Fuel Consumption lbs/hph 0.340Operational Hours per day hours 4.00Operatinal Days per year days 300.00Engine Capacity HP 135.00Fuel Consumption lbs/year 55,080.00




Truck

Parameter Unit ValueSpecific Fuel Consumption lbs/hph 0.335

Operational Hours per day hours 4.00Operatinal Days per year days 300.00Engine Capacity HP 136.00Fuel Consumption lbs/year 54,672.00




02. Labour CostsParameter Unit Annual Salary

Site StaffProduction Assistant (1 person) million IDR 80.00

Technical Assistant (1 person) million IDR 80.00Skilled workers

Mechanical technician (1 person) million IDR 32.00Electrical technician (1 person) million IDR 32.00

Machinery operatorDump truck (1 persons) million IDR 24.00Spreader Machine (2 persons) million IDR 48.00Bunker filler (2 persons) million IDR 48.00

General workersHelper for machinery (1 person per shift) million IDR 76.80

Total employment cost million IDR 420.80

03. Maintenance costsParameter Unit Value

Maintenance of Bunkers system USD 114,757.73Maintenance of Bunkers system million IDR 1,033.62

04. Land Rental Costs

SourceTechnology provider


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Revenue01. Price of Inorganic Fertilizer

MonthUrea

(IDR/kg)

RP

(IDR/kg)

MOP/KCL

(IDR/kg)

Dolomite

(IDR/kg)Jan-09 3,590 1,674 6,250 -Feb-09 3,590 1,674 6,250 -

Mar-09 3,590 1,674 6,250 -Apr-09 3,590 1,674 6,250 -May-09 3,350 1,545 7,635 190Jun-09 3,350 1,545 7,635 190Jul-09 3,350 1,545 7,635 190Aug-09 3,350 1,545 7,635 190Sep-09 2,835 1,090 4,828 165Oct-09 2,835 1,090 4,828 165Nov-09 2,835 1,090 4,828 165Dec-09 2,835 1,090 4,828 165Average 3,258 1,436 6,238 178

*Source : Contract doc of inorganic fertilizer in year 2009

02. Fertilizer Cost SavingChemical Fertilizer Parameter

Dosage

(kg/tree)(a) IDR/kg Trees/ha(b)

Total Cost

(million IDR)

Urea 2.75 3,258 124 1.111RP 1 1,436 124 0.178MOP/KCL 2.75 6,238 124 2.127Dolomite 1 178 124 0.022Total cost Fertilizer/ha 3.438(a) Existing inorganic fertilizer dosage system at Bangun Bandar

(b) Existing number of tree per hectare at Bangun Bandar

Cost Saving Parameter Data UnitExpected compost produced 30,000.00 tonneApplication EMU per hectare 16.00 tonne/hectareTotal plantation area 1,875.00 ha

Total cost inorganic Fertilizer 6,446.76 million IDRCost saving a 2,256.36 million IDR(a) Cost saving is based on nutrient values (N,P,K,Mg) from compost produced from ABC system

Source


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>>erated Bunker Composting (ABC) system_ICOPB 2010.pdf>>

e for the Aerated Bunker Composting (ABC) system_ICOPB 2010.pdf>

Documents

6511- Financial Analysis Sheet_26Jun2012