Anda di halaman 1dari 25

DIKETAHUI:

jumlah cadangan
rencana produksi
periode pra produksi
estimasi fixed capital cost
estimasi working capital cost
total capital cost
estimasi operating cost
harga jual batubara
depresiasi
pajak pendapatan

160000
20000
1
550000
50000
600000
20
30
100000
0.4

ton
ton/tahun
tahun
us$
us$
us$
us$/ton
us$/ton
$/tahun selama

PENYELESAIAN:
umur proyek
operating cost/ tahun
pendapatan (revenue)/ tahun
komponen
revenue
operating cost
net income
depresiasi
pendapatan terpajak
pajak 40%
pendapatan setelah pajak
capital cost/ investasi
return of working capital
CASH FLOW

periode pra produksi+ periode produksi


9
400000
600000

TA
1
_
_
_
0
_
_
_
-600
_
-600

2
600
400
200
100
100
40
60
_
_
160

3
600
400
200
100
100
40
60
_
_
160

PERHITUNGAN NPV
TAHUN
1
2
3
4
5
6
7
8

CASH FLOW ($1000)


-600
160
160
160
160
160
120
120

PVF (MARR 10%)


NPV ($ 1000)
0.909090909 -545.4545455
0.826446281
132.231405
0.751314801
120.2103681
0.683013455
109.2821529
0.620921323
99.34741169
0.56447393
90.31582881
0.513158118
61.57897419
0.46650738
55.98088563

PERHITUNGAN NPV
TAHUN
1
2
3
4
5
6
7
8
9

PERHITUNGAN NPV
TAHUN
1
2
3
4
5
6
7
8
9
10

170
610

0.424097618

72.09659512
195.5890759

PERTAMA
CASH FLOW ($1000)
-600
160
160
160
160
160
120
120
170
610

PVF (MARR 10%)


NPV ($ 1000)
0.9091
-545.45
0.8264
132.23
0.7513
120.21
0.6830
109.28
0.6209
99.35
0.5645
90.32
0.5132
61.58
0.4665
55.98
0.4241
72.10
195.59

KEDUA
CASH FLOW ($1000)
-600
160
160
160
160
160
120
120
120
120

PVF (MARR 10%)


NPV ($ 1000)
0.909090909 -545.4545455
0.826446281
132.231405
0.751314801
120.2103681
0.683013455
109.2821529
0.620921323
99.34741169
0.56447393
90.31582881
0.513158118
61.57897419
0.46650738
55.98088563
0.424097618
50.8917142
0.385543289
46.26519473

11
12
13
14

PERHITUNGAN NPV
TAHUN
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19

120
120
120
170

0.350493899
0.318630818
0.28966438
0.263331254

42.05926794
38.23569813
34.75972557
44.76631323
380.4703946

KETIGA
CASH FLOW ($1000)
-600
160
160
160
160
160
120
120
120
120
120
120
120
120
120
120
120
120
170

PVF (MARR 10%)


NPV ($ 1000)
0.909090909 -545.4545455
0.826446281
132.231405
0.751314801
120.2103681
0.683013455
109.2821529
0.620921323
99.34741169
0.56447393
90.31582881
0.513158118
61.57897419
0.46650738
55.98088563
0.424097618
50.8917142
0.385543289
46.26519473
0.350493899
42.05926794
0.318630818
38.23569813
0.28966438
34.75972557
0.263331254
31.59975052
0.239392049
28.72704592
0.217629136
26.11549629
0.197844669
23.74136027
0.17985879
21.58305479
0.163507991
27.79635844
495.2671476

tahun

TAHUN
4
600
400
200
100
100
40
60
_
_
160

5
600
400
200
100
100
40
60
_
_
160

6
600
400
200
100
100
40
60
_
160

7
600
400
200
0
200
80
120
_
_
120

8
600
400
200
0
200
80
120
_
_
120

PVF (MARR 20%)


0.8333
0.6944
0.5787
0.4823
0.4019
0.3349
0.2791
0.2326
0.1938

NPV ($ 1000)
PVF (MARR 30%)
NPV ($ 1000)
-500.00
0.7692
-461.52
111.11
0.5917
94.67
92.59
0.4552
72.83
77.16
0.3501
56.02
64.30
0.2693
43.09
53.58
0.2072
33.15
33.49
0.1594
19.12
27.91
0.1226
14.71
32.95
0.0943
16.03
-6.91
-111.89

PVF (MARR 20%)


NPV ($ 1000)
PVF (MARR 30%)
NPV ($ 1000)
0.833333333
-500
0.769230769
-461.5384615
0.694444444
111.1111111
0.591715976
94.67455621
0.578703704
92.59259259
0.455166136
72.8265817
0.482253086
77.16049383
0.350127797
56.02044746
0.401877572
64.30041152
0.269329074
43.09265189
0.334897977
53.58367627
0.207176211
33.14819377
0.279081647
33.48979767
0.159366316
19.12395794
0.232568039
27.90816472
0.122589474
14.71073688
0.193806699
23.25680394
0.094299595
11.31595144
0.161505583
19.38066995
0.07253815
8.704578034

0.134587986
0.112156655
0.093463879
0.077886566

16.15055829
13.45879857
11.21566548
13.24071619
56.84946013

0.055798577
0.042921982
0.03301691
0.025397623

6.695829257
5.15063789
3.962029146
4.317595865
-87.79471404

PVF (MARR 20%)


NPV ($ 1000)
PVF (MARR 30%)
NPV ($ 1000)
0.833333333
-500
0.769230769
-461.5384615
0.694444444
111.1111111
0.591715976
94.67455621
0.578703704
92.59259259
0.455166136
72.8265817
0.482253086
77.16049383
0.350127797
56.02044746
0.401877572
64.30041152
0.269329074
43.09265189
0.334897977
53.58367627
0.207176211
33.14819377
0.279081647
33.48979767
0.159366316
19.12395794
0.232568039
27.90816472
0.122589474
14.71073688
0.193806699
23.25680394
0.094299595
11.31595144
0.161505583
19.38066995
0.07253815
8.704578034
0.134587986
16.15055829
0.055798577
6.695829257
0.112156655
13.45879857
0.042921982
5.15063789
0.093463879
11.21566548
0.03301691
3.962029146
0.077886566
9.346387899
0.025397623
3.047714728
0.064905472
7.788656582
0.019536633
2.344395945
0.054087893
6.490547152
0.015028179
1.803381496
0.045073244
5.408789293
0.011560138
1.387216535
0.037561037
4.507324411
0.008892414
1.067089642
0.031300864
5.321146874
0.006840318
1.162854098
82.47159615
-81.29965746

jumlah cadangan

umur proyek

* dalam ribuan dollar


9
600
400
200
0
200
80
120
_
50
170

komponen
revenue
operating cost
net income
depresiasi
pendapatan terpajak
pajak 40%
pendapatan setelah pajak
capital cost/ investasi
return of working capital
CASH FLOW

PERHITUNGAN NPV
TAHUN
1
2
3
4
5
6
7
8

9
10
11
12
13
14

ROR

0.22722026
=

ROR

22.72202601 %

0.262502133
=

26.25021329 %

ROR

0.271798703
=

27.17987034 %

260000 ton

periode pra produksi+ periode produksi


14

1
_
_
_
0
_
_
_
-600
_
-600

CASH FLOW ($1000)


-600
160
160
160
160
160
120
120

2
600
400
200
100
100
40
60
_
_
160

3
600
400
200
100
100
40
60
_
_
160

PVF (MARR 10%)


NPV ($ 1000)
0.909090909
-545.4545455
0.826446281
132.231405
0.751314801
120.2103681
0.683013455
109.2821529
0.620921323
99.34741169
0.56447393
90.31582881
0.513158118
61.57897419
0.46650738
55.98088563

4
600
400
200
100
100
40
60
_
_
160

5
600
400
200
100
100
40
60
_
_
160

TAHUN
6
600
400
200
100
100
40
60
_
160

7
600
400
200
0
200
80
120
_
_
120

120
120
120
120
120
170
560

0.424097618
0.385543289
0.350493899
0.318630818
0.28966438
0.263331254

50.8917142
46.26519473
42.05926794
38.23569813
34.75972557
44.76631323
380.4703946

N
8
600
400
200
0
200
80
120
_
_
120

9
600
400
200
0
200
80
120
_
_
120

10
600
400
200
0
200
80
120
_
_
120

11
600
400
200
0
200
80
120
_
_
120

12
600
400
200
0
200
80
120
_
_
120

13
600
400
200
0
200
80
120
_
_
120

14
600
400
200
0
200
80
120
_
50
170

jumlah cadangan

umur proyek

komponen
revenue
operating cost
net income
depresiasi
pendapatan terpajak
pajak 40%
pendapatan setelah pajak
capital cost/ investasi
return of working capital
CASH FLOW

PERHITUNGAN NPV
TAHUN
1
2
3
4
5
6
7

8
9
10
11
12
13
14
15
16
17
18
19

360000 ton

periode pra produksi+ periode produksi


19

1
_
_
_
0
_
_
_
-600
_
-600

CASH FLOW ($1000)


-600
160
160
160
160
160
120

2
600
400
200
100
100
40
60
_
_
160

3
600
400
200
100
100
40
60
_
_
160

TAHUN
4
600
400
200
100
100
40
60
_
_
160

PVF (MARR 10%)


NPV ($ 1000)
0.909090909 -545.4545455
0.826446281
132.231405
0.751314801 120.2103681
0.683013455 109.2821529
0.620921323 99.34741169
0.56447393 90.31582881
0.513158118 61.57897419

5
600
400
200
100
100
40
60
_
_
160

6
600
400
200
100
100
40
60
_
160

7
600
400
200
0
200
80
120
_
_
120

0.46650738
0.424097618
0.385543289
0.350493899
0.318630818
0.28966438
0.263331254
0.239392049
0.217629136
0.197844669
0.17985879
0.163507991

120
120
120
120
120
120
120
120
120
120
120
120
1760

55.98088563
50.8917142
46.26519473
42.05926794
38.23569813
34.75972557
31.59975052
28.72704592
26.11549629
23.74136027
21.58305479
19.6209589
487.0917481

8
600
400
200
0
200
80
120
_
_
120

9
600
400
200
0
200
80
120
_
_
120

10
600
400
200
0
200
80
120
_
_
120

11
600
400
200
0
200
80
120
_
_
120

12
600
400
200
0
200
80
120
_
_
120

13
600
400
200
0
200
80
120
_
_
120

14
600
400
200
0
200
80
120
_
_
120

15
600
400
200
0
200
80
120
_
_
120

16
600
400
200
0
200
80
120
_
_
120

17
600
400
200
0
200
80
120
_
_
120

18
600
400
200
0
200
80
120
_
_
120

19
600
400
200
0
200
80
120
_
50
170