Investasi

Biaya operasional

Pendapatan

Investasi

Perbaikan sistem pelayanan on-line

Pembelian software

Pembagian keuntungan dari tiket

Up grade sistem dan software (tiap bulan)

Tahun
Tahun keJumlah penumpang per tahun
Asumsi Kenaikan jumlah penumpang per tahun
Pendapatan per tahun
Dibebankan pada tahun pertama

Pembagian keuntungan dari tiket

Asumsi kenaikan biaya per tahun
Biaya operasional Up grade sistem dan software
Asumsi Biaya operasional kapal
Total biaya operasional
Earning before tax

750000000
250000000
1000000000

10%
2%

2011
0
26927

20000000

7940757430

2012
1
28273
5%
761316495

2013
2
29687
5%
799382320

1000000000

794075743

76131649.545
0%
240,000,000
380,658,248
696,789,897

79938232.02225
0%
240,000,000
399,691,160
719,629,392

64526598.18

79752928.089

240,000,000
3,970,378,715
6,004,454,458
1936302972

2014
3
31171
5%
839351436

2015
4
32730
5%
881319008

2016
5
34366
5%
925384958

2017
6
36085
5%
971654206

83935143.623363 88131900.804531 92538495.844757 97165420.636995

0%
0%
0%
0%
240,000,000
240,000,000
240,000,000
240,000,000
419,675,718
440,659,504
462,692,479
485,827,103
743,610,862
768,791,405
795,230,975
822,992,524
95740574.49345 112527603.21812 130153983.37903 148661682.54798

2018
2019
7
8
37889
39783
5%
5%
1020236916.6885 1071248762.5229
0

102023691.66885 107124876.25229
0%
0%
240,000,000
240,000,000
510,118,458
535,624,381
852,142,150
882,749,258

2020
2021
9
10
41773
43861
5%
5%
1124811200.649 1181051760.6815
0

112481120.0649 118105176.06815
0%
0%
240,000,000
240,000,000
562,405,600
590,525,880
914,886,720
948,631,056

168094766.67538 188499505.00915 209924480.25961 232420704.27259

Rekapitulasi uang pasasi (Mei)

Total cabang+agen
Embarkasi Surabaya
Nama Kapal (KM)
Lambelu
Kelimutu
Gn. Dempo
Ciremai
Dobonsolo

Labobar

Lawit
Wilis
Dorolonda

Awu

Umsini
Leuser
Bukit Raya

Binaiya

Tidar

Kedatangan

Banyak pnp
1
2
3
4
1
1
2
3
4
1
1
2
3
1
2
3
4
5
1
2
1
1
1
2
3
4
5
1
2
1
2
1
2
1
2
3
4
1
2
3

268
178
745
921
312
1634
26
1183
6
1133
12
638
1
17
1637
2
1050
5
1185
427
45
817
606
1198
472
773
179
4
154
728
1231
2059
1618
773
1400
598
661
768
631
541

Tidar
4

291

Total Penumpang
Asumsi biaya yang dibebankan pada 1 penumpang (tdk ada golongan penumpang/kelas/rute)

Total pnp tiap kapal

2112
312
2849
1133
651

2711

1612
45
817

3228

158
1959
3677

3432

2231

2231
26,927.00
294899

Investasi
Pendapatan

Tahun
Tahun keKenaikan jumlah penumpang per tahun
Jumlah penumpang per tahun (embarkasi surabaya)
Kenaikan tarif
Penambahan tarif
Pendapatan dari penambahan tarif

Biaya

Operasional

Perbaikan sistem pelayanan on-line

Pembelian software
Total
Pinjaman
Bunga Pinjaman
Masa Pinjaman
Grace period
Pembayaran
Angsuran
Umur ekonomis
Nilai akhir sistem dan software
Depresiasi
Maintenance & Up grade sistem dan software

Pengembalian pinjaman
Maintenance & Up grade sistem dan software
Total biaya

Kriteria Investasi

Earning before tax

Taxable Income
Tax 30% taxable income
Net cash flow
Cum. cash
Control BEP

NPV
NPVI
IRR
IRRI
BEP di tahun ke Accum.cash on BEP
Annual discount rate
MARR

Rp
Rp
Rp
Rp
per tahun
tahun
tahun
kali /tahun
Rp / tahun
tahun
Rp
Rp
Rp

5,000,000,000
3,750,000,000
15%
10
0
1
747,195,234
20
2,500,000,000
125,000,000
750,000,000
2010
0

75%

15%

Rp
Rp

5,000
1,615,620,000

2012
2
0%
323,124
0%
5,000
1,615,620,000

Rp
Rp
Rp

747,195,234
750,000,000
1,497,195,234

747,195,234
750,000,000
1,497,195,234

Rp

Rp
Rp
Rp
Rp
Rp

Rp

Rp
% / tahun
% / tahun

(747,195,234)
(747,195,234)

-233,976,379
-0.31
23%
0.16
7
81,778,124
6%
7%

2011
1
0%
323,124

118,424,766
(6,575,234)
0
118,424,766
(628,770,469)
-

118,424,766
(6,575,234)
0
118,424,766
(510,345,703)
-

Sensitivit
Kenaikan
0%
1%
2%
3%
4%
5%

Sensitivitas terha
Kenaikan
0%

1%
2%
3%
4%
5%

Penambahan tarif
5000
Kenaikan penumpang (5%-10%) / tahun
0%
Kenaikan tarif
(5%-10%) / 2 tahun
0%

2013
3
0%
323,124
5,000
1,615,620,000

2014
4
0%
323,124
0%
5,000
1,615,620,000

5,000
1,615,620,000

747,195,234
750,000,000
1,497,195,234

747,195,234
750,000,000
1,497,195,234

747,195,234
750,000,000
1,497,195,234

118,424,766
(6,575,234)
0
118,424,766
(391,920,938)
-

118,424,766
(6,575,234)
0
118,424,766
(273,496,172)
-

Sensitivitas terhadap Kenaikan tarif

NPV
BEP tahun ke(233,976,379)
7
202,025,116
6
646,080,375
6
1,110,084,296
6
1,594,969,377
6
5
2,101,708,345

2015
5
0%
323,124

118,424,766
(6,575,234)
0
118,424,766
(155,071,407)
-

Investasi
Tidak layak
Layak
Layak
Layak
Layak
Layak

Sensitivitas terhadap Kenaikan jumlah penumpang

NPV
BEP tahun keInvestasi
7
(233,976,379)
Tidak layak

832,641,103
2,003,744,585
3,308,957,968
4,765,344,967
6,392,176,553

6
5
5
4
4

Layak
Layak
Layak
Layak
Layak

2016
6
0%
323,124
0%
5,000
1,615,620,000

5,000
1,615,620,000

2018
8
0%
323,124
0%
5,000
1,615,620,000

747,195,234
750,000,000
1,497,195,234

747,195,234
750,000,000
1,497,195,234

747,195,234
750,000,000
1,497,195,234

118,424,766
(6,575,234)
0
118,424,766
(36,646,641)
-

Selisih NPV
436,001,495
444,055,259
464,003,920
484,885,081
506,738,968
Rata-rata

Selisih NPV

2017
7
0%
323,124

118,424,766
(6,575,234)
0
118,424,766
81,778,124
BEP

Kenaikan NPV (%)

1.86
2.20
0.72
0.44
0.32
1.11

Kenaikan NPV (%)

118,424,766
(6,575,234)
0
118,424,766
200,202,890
-

1,066,617,482
1,171,103,482
1,305,213,383
1,456,386,999
1,626,831,586
Rata-rata

4.56
1.41
0.65
0.44
0.34
1.48

2019
9
0%
323,124
5,000
1,615,620,000

2020
2023
10
13
0%
0%
323,124
323,124
0%
5,000
5,000
1,615,620,000 1,615,620,000

747,195,234
750,000,000
1,497,195,234

747,195,234
750,000,000
1,497,195,234

118,424,766
(6,575,234)
0
118,424,766
318,627,656
-

750,000,000
750,000,000

118,424,766
865,620,000
(6,575,234)
740,620,000
0
222186000
118,424,766
643,434,000
437,052,421 2,367,354,421
-

2024
14
0%
323,124
0%
5,000
1,615,620,000
750,000,000
750,000,000
865,620,000
740,620,000
222186000
643,434,000
3,010,788,421
-

Sensitivitas terhadap besar investasi

Besar investasi (Rp)
NPV (Rp)
Selisih NPV
Kenaikan NPV (%)
2,000,000,000
7,695,251,094
3,000,000,000
5,057,014,700 2,638,236,395
0.34
4,000,000,000
2,418,778,305 2,638,236,395
0.52
5,000,000,000
(233,976,379) 2,652,754,684
1.10
6,000,000,000
(3,588,582,662) 3,354,606,283
14.34
7,000,000,000
(6,943,188,945) 3,354,606,283
0.93
8,000,000,000 (10,297,795,228) 3,354,606,283
0.48
Rata-rata
2.95

2025
15
0%
323,124

2026
2027
2028
16
17
18
0%
0%
0%
323,124
323,124
323,124
0%
0%
5,000
5,000
5,000
5,000
1,615,620,000 1,615,620,000 1,615,620,000 1,615,620,000
750,000,000
750,000,000

750,000,000
750,000,000

750,000,000
750,000,000

750,000,000
750,000,000

865,620,000
865,620,000
865,620,000
865,620,000
740,620,000
740,620,000
740,620,000
740,620,000
222186000
222186000
222186000
222186000
643,434,000
643,434,000
643,434,000
643,434,000
3,654,222,421 4,297,656,421 4,941,090,421 5,584,524,421
-

2029
19
0%
323,124

2030
20
0%
323,124
0%
5,000
5,000
1,615,620,000 1,615,620,000
750,000,000
750,000,000

750,000,000
750,000,000

865,620,000
865,620,000
740,620,000
740,620,000
222186000
222186000
643,434,000
643,434,000
6,227,958,421 6,871,392,421
-