Acc Ekonomi CaC2

Chemical Engineering Plant Cost Index
Sumber : www.CHF.com (as Published in Chemical Engineering Magazine)
Tahun Index
1996 381.7 C
1997 386.5
1998 389.5
1999 390.6
2000 394.1
2001 394.3
2020 ?
Berdasarkan persaman yang diperoleh maka indek pada Tahun 2020 adalah :
Tahun Index
2020 442.958
KETETAPAN YANG DIAMBIL
Konstruksi 2010
Operasi per tahun 330 hari
Shut down 30 hari
Umur teknis pabrik 10 tahun
1$ = 13000 rupiah
Bunga bank = 15% per tahun
Kenaikan harga bahan baku & produk tetap
DAFTAR HARGA ALAT
Rumus yang digunakan
Harga = index tahun 2020

harga alat pada tahun i x
index tahun i
Tahun i = Tahun dimana harga alat tersebut dijual (berdasarkan literatur yang ada)
Index yang digunakan adalah Chemical Engineering Plant Cost Index (CEPCI)
Index pada tahun 2020 Berdasarkan CEPCI = 442.958

Harga peralatan yang bersumber dari Timmerhaus berdasarkan pada tahun 1990 dengan index =
Harga peralatan yang bersumber dari www.matche.com berdasarkan pada tahun 2003 dengan index =
Daftar Harga Peralatan Proses
No Unit Kode alat Nama alat

1 Pengolahan Bahan Baku CR-101 Crusher
BC-101 Belt Conveyor
S-101 Screen
BE-101 Bucket Elevator
B-101 Bin
B-102 Bin
2 Pengeringan H-201 Hopper
RD-201 Rotary Dryer
BL-201 Blower
HT-201 Heater
F-201 Fan
B-201 Bin
3 Reaksi H-301 Hopper
H-302 Hopper
SC-301 Screw Conveyor
FR-301 Furnace
FS-301 Flare Stack
4 Finishing CC-401 Carbide Chills
CR-401 Crusher
CR-402 Crusher
S-401 Screen
B-401 Bin
B-402 Bin
Daftar Harga Peralatan Utilitas
No Nama Alat Spek u/ pembelian alat Harga satuan

1 Generator 1 6000 kW $ 500,000.0
2 Kolom Silika Gel 0.2321 m3 $ 285.0
3 Blower 941,1708 ft3/min $ 15,000.0
4 Tangki Penyimpanan air 177.87 m3 $ 80,000.0
5 Tanki bahan bakar 36.53 m3 $ 33,600.0
6 Pompa air 0.0277 kW $ 4,800.0
Harga Peralatan Total = Rp 25,210,017,879
Nama Alat Utilitas Harga Tahun 2011 Jumlah

Generator 1 Rp 9,140,403,175 1
Kolom Silika Gel Rp 2,226,986 2
Blower Rp 234,419,561 1
Tangki Penyimpanan air Rp 1,246,257,481 2
Tangki bahan bakar Rp 261,714,071 2
Pompa air Rp 62,400,000 2
Total
Spek tangki penyimpan air :

Bahan : Carbon steel
Operasi : 1 atm ; 30oC
volume : 177,87 m3
jumlah : 2
diameter : 5,3248 m
tinggi : 9,3184 m
tebal : 1/2 in
spek tanki penyimpan bahan bakar :

Bahan : carbon steel
Operasi : 1 atm ; 30oC
volume : 36,52 m3
jumlah : 2
diameter : 3,1414 m
tinggi : 5,4975 m
tebal : 0,375 in
al (berdasarkan literatur yang ada)
ahun 1990 dengan index = 368.471

pada tahun 2003 dengan index = 400.7487
Chemical Engineering Plant Cost

Spek untuk pembelian alat Jumlah Harga
26 ton/jam 1 $ 21,500
20 ft 1 $ 14,000
6,3766 ft2 1 $ 21,000
20 ft 1 $ 14,000
25 ft 1 $ 6,000
740 ft3 1 $ 13,300
30 ft 1 $ 17,000
25 ft 1 $ 6,000
740 ft3 1 $ 13,300
30 ft 1 $ 17,000
25 ft 1 $ 6,000
42,8969 ft3 1 $ 4,600
11 ft2 1 $ 13,000
941,1708 ft3/min 1 $ 15,000
52.2 m2 1 $ 1,100
1.331,1658 ft /min
3
1 $ 470
40 ft 1 $ 20,000
25 ft 1 $ 6,000
740 ft3 1 $ 13,300
30 ft 1 $ 17,000
25 ft 1 $ 6,000
40,111 ft3 1 $ 4,600
60,883 ft3 1 $ 3,900
40 ft 1 $ 7,600
8,2516 m3 1 $ 267,000
253.7706 ft 1 $ 283,018
0.75 m3 72 $ 500
25 ton/jam 1 $ 18,000
20 ton/jam 1 $ 16,000
20 ft 1 $ 14,000
7,1431 ft2 1 $ 21,000
20 ft 1 $ 14,000
25 ft 1 $ 11,000
740 ft3 1 $ 13,300
20 ft 1 $ 14,000
25 ft 1 $ 11,000
740 ft3 1 $ 13,300
Jumlah Harga Total

1 Rp 9,140,403,175
1 Rp 4,453,972
1 Rp 234,419,561
2 Rp 2,492,514,963
1 Rp 523,428,142
2 Rp 124,800,000
Total Rp 12,520,019,812
Harga Total
Rp 9,140,403,175
Rp 4,453,972
Rp 234,419,561
Rp 2,492,514,963
Rp 523,428,142
Rp 124,800,000
Rp 12,520,019,812
Harga satuan Harga total
Rp 336,001,371 Rp 336,001,371 Sumber : Timmerhaus, fig 14-80, hal 563
Rp 301,754,027 Rp 301,754,027 Sumber : www.matche.com
Rp 2,472,633,255 Rp 2,472,633,255 Sumber : www.matche.com
Rp 3,679,238,043 Rp 3,679,238,043 Sumber : U.S. Evironmental Protection Agency
Rp 12,689,998,067
Unit Nama alat
aus, fig 14-80, hal 563 Pengolahan Bahan Baku Crusher
aus, fig 14-91, hal 570 Belt Conveyor
Screen
aus, fig 14-90, hal 59 Bucket Elevator
Bin
Bin
Pengeringan Hopper
aus, fig 16-29, hal 713 Rotary Dryer
aus, fig 14-50, hal 531 Blower
Heater
aus, fig 14-49, hal 531 Fan
Bin
Unit Nama alat
Reaksi Hopper
aus, fig 14-91, hal 570 Hopper
Screw Conveyor
onmental Protection Agency Furnace
Flare Stack
aus, fig 14-80, hal 563 Finishing Carbide Chills
aus, fig 14-80, hal 563 Crusher
aus, fig 14-91, hal 570 Crusher
Belt Conveyor
aus, fig 14-91, hal 570 Screen
Bucket Elevator
aus, fig 14-91, hal 570 Bin
Bucket Elevator
Bin
Harga Tahun 2011 Jumlah Harga Total
Rp 336,001,371 1 Rp 336,001,371
Rp 218,791,590 1 Rp 218,791,590
Rp 301,754,027 1 Rp 301,754,027
Rp 218,791,590 1 Rp 218,791,590
Rp 93,767,824 1 Rp 93,767,824
Rp 191,110,884 1 Rp 191,110,884
Rp 265,675,502 1 Rp 265,675,502
Rp 93,767,824 1 Rp 93,767,824
Rp 191,110,884 1 Rp 191,110,884
Rp 265,675,502 1 Rp 265,675,502
Rp 93,767,824 1 Rp 93,767,824
Rp 66,098,501 1 Rp 66,098,501
Rp 203,163,619 1 Rp 203,163,619
Rp 234,419,561 1 Rp 234,419,561
Rp 10,186,879 1 Rp 10,186,879
Rp 7,345,146 1 Rp 7,345,146
Rp 312,559,414 1 Rp 312,559,414
Rp 93,767,824 1 Rp 93,767,824
Rp 191,110,884 1 Rp 191,110,884
Rp 265,675,502 1 Rp 265,675,502
Rp 93,767,824 1 Rp 93,767,824
Harga Tahun 2011 Jumlah Harga Total
Rp 66,098,501 1 Rp 66,098,501
Rp 56,040,034 1 Rp 56,040,034
Rp 118,772,577 1 Rp 118,772,577
Rp 2,472,633,255 1 Rp 2,472,633,255
Rp 3,679,238,043 1 Rp 3,679,238,043
Rp 4,630,399 72 Rp 333,388,754
Rp 281,303,473 1 Rp 281,303,473
Rp 250,047,532 1 Rp 250,047,532
Rp 218,791,590 1 Rp 218,791,590
Rp 301,754,027 1 Rp 301,754,027
Rp 218,791,590 1 Rp 218,791,590
Rp 171,907,678 1 Rp 171,907,678
Rp 191,110,884 1 Rp 191,110,884
Rp 218,791,590 1 Rp 218,791,590
Rp 171,907,678 1 Rp 171,907,678
Rp 191,110,884 1 Rp 191,110,884
Total Rp 12,689,998,067
1. Total Capital Investment (TCI)
Perhitungan TCI dilakukan dengan menggunakan metode Percentage of Delivered
Equipment Cost (Timmerhaus, 1991)
a. Fixed Capital Investment (FCI)
Fixed Capital Investment terdiri dari biaya langsung (Direct Cost) dan biaya tidak
langsung (Indirect Cost). Biaya langsung meliputi biaya pembelian alat, biaya
pemasangan alat, biaya instrumentasi dan kontrol, biaya perpipaan, biaya instalasi listrik,
biaya bangunan, pengembangan lahan dan biaya untuk tanah.
Biaya tidak langsung terdiri dari biaya teknik dan supervisi, biaya konstruksi dan
kontraktor dan biaya tak terduga.
(1) Direct Cost (DC)

- Purchased equipment-delivered (E)
Biaya pembelian alat = EC = Rp 25,210,017,879
Biaya transportasi sampai pelabuhan
= 15% EC = Rp 3,781,502,682
Asuransi Pengangkutan (0,5 - 0,75%EC)
= 0.70% EC = Rp 176,470,125
Provisi Bank = 0.25% EC = Rp 63,025,045
Transportasi dari pelabuhan ke lokasi
= 10% EC = Rp 2,521,001,788
Purchased equipment-delivered (E) = Rp 6,541,999,640
- Purchased equpment installation

= 47% E = Rp 3,074,739,831
- Instrumentation dan controls (installed)
= 18% E = Rp 1,177,559,935
- Piping (Biaya perpipaan)
= 66% E = Rp 4,317,719,762
- Electrical (installed)
= 11% E = Rp 719,619,960
- Buildings = 18% E = Rp 1,177,559,935
- Yard improvement = 10% E = Rp 654,199,964
- Service facilities = 70% E = Rp 4,579,399,748
- Tanah = 6% E = Rp 392,519,978
Total Direct Cost (DC) = Rp 22,635,318,753
(2) Indirect Cost (IC)

- Engineering and supervision
= 33% DC = Rp 7,469,655,189
- Construction expenses
= 41% DC = Rp 9,280,480,689
Total Indirect Cost (IC) = Rp 16,750,135,877
Fixed CapitalInvestment (FCI)

- Total Direct Cost (DC) = Rp 22,635,318,753
- Indirect Cost (IC) = Rp 16,750,135,877
- Upah kontraktor = 5% (DC + IC) = Rp 1,969,272,732
- Biaya tak terduga = 10% (DC + IC) = Rp 3,938,545,463
Fixed Capital Investment = Rp 45,293,272,825
b. Working Capital Investment (WCI)

TCI = FCI + WCI
WCI = 15% TCI
TCI = Rp 45,293,272,825 + 15% TCI
TCI = Rp 53,286,203,323
WCI = 15% TCI

WCI = Rp 7,992,930,499
2. Total Production Cost (TPC)

Production cost merupakan biaya yang dikeluarkan untuk proses pembuatan produk,
terdiri dari manufacturing cost dan general expenses.
a. Manufacturing Cost
Manufacturing cost terdiri dari direct manufacturing cost, fixed charges dan plant
overhead.
(1) Direct manufacturing cost (DMC)
Biaya-biaya yang termasuk direct manufacturing cost meliputi biaya bahan baku;
upah pekerja operasi, supervisor, dan upah tenaga kerja yang berhubungan langsung
dengan operasi pabrik; biaya perawatan dan perbaikan pabrik; persediaan operasi serta
biaya laboratorium.
- Raw Material (bahan baku)
Bahan baku dihitung untuk 1 tahun operasi = 330 hari
= 7920 jam
Kebutuhan bahan baku proses
Bahan Baku harga 2003 (Rp/kg) harga 2011 (Rp/kg)

CaO Rp 1,500 Rp 1,658
Petroleum Coke Rp 4,000 Rp 4,421
Carbon Anoda (1 pcs) Rp 8,000,000 Rp 8,842,609
Bahan baku Kebutuhan Harga Biaya total/tahun

(kg/jam) (Rp/kg) (Rp/tahun)
CaO 1,959.10 Rp 1,658 Rp 25,725,479,163
Petroleum Coke 1,411.7 Rp 4,421 Rp 49,433,119,200
Silica Gel 285.1 Rp 421 Rp 950,728,999
Carbon Anoda 3 pcs Rp 8,842,609 Rp 26,527,827
Total Rp 76,135,855,189
- Operating labor
Jabatan Gaji/bulan Jumlah Gaji total/tahun
(Rp) (Rp)
Kepala Shift Rp 1,300,000 4 Rp 62,400,000
Operator Rp 1,200,000 60 Rp 864,000,000
Total operating labor Rp 926,400,000
- Direct supervisory (pengawas)

(Rp) (Rp)
Kabag produksi Rp 3,000,000 1 Rp 36,000,000
Kasie produksi Rp 2,500,000 3 Rp 90,000,000
Supervisor Rp 1,500,000 8 Rp 12,000,000
Total direct supervisory Rp 138,000,000
- Utilitas
Bahan baku Kebutuhan Harga Biaya total/tahun
Air 1,925 Rp 1,145 Rp 17,456,670,000
Steam 262.38 Rp 2,000 Rp 4,156,099,200
Bahan Bakar 687.0583 Rp 3,000 Rp 16,324,505,208
Total utilitas Rp 37,937,274,408
- Maintenance and repair cost

= 7% FCI = Rp 3,170,529,098
- Operating supplies = 0.75% FCI = Rp 339,699,546
- Laboratory charges = 15% Operating labor Rp 138,960,000
Total Direct Manufacturing Cost = Rp 118,786,718,241
(2) Fixed Charges (FC)

Fixed charges merupakan biaya pengeluaran yang berkaitan dengan initial FCI dan
nilainya tetap dari tahun ke tahun dan tidak tergantung pada jumlah produksi. Biaya-biaya
yang termasuk fixed charges adalah depresiasi, pajak lokal dan asuransi.
- Depresiasi
Depresiasi terdiri dari depresiasi mesin dan peralatan, serta depresiasi bangunan.
Depresiasi
Mesin dan peralatan = 10% FCI = Rp 4,529,327,282
Bangunan = 2% building cost= Rp 23,551,199
Total Depresiasi = Rp 4,552,878,481
- Pajak lokal = 4% FCI = Rp 1,811,730,913

- Asuransi = 1% FCI = Rp 452,932,728
Total Fixed Charges = Rp 6,817,542,122
(3) Plant Overhead Cost (POC)

Plant overhead cost merupakan pengeluaran rutin untuk pelayanan pabrik, seperti
pelayanan rumah sakit dan kesehatan, pelayanan keamanan, fasilitas kafetaria dan rekreasi
dan lain-lain.
Plant Overhead Cost= 50% (Operating labor + supervision + maintenance)
= Rp 2,117,464,549
Manufacturing Cost= DMC + FC + POC = Rp 127,721,724,912
b. General Expenses
General expenses merupakan pengeluaran rutin perusahaan yang termasuk dalam
operasi perusahaan, terdiri dari biaya administrasi, biaya distribusi dan penjualan, biaya
riset dan pengembangan serta financing (interest).
- Administrative cost
(Rp) (Rp)
Dewan Komisaris Rp 10,000,000.000 2 Rp 240,000,000.000
Direktur Rp 7,000,000 2 Rp 168,000,000
Staf Ahli Rp 5,000,000 2 Rp 120,000,000
Manager Rp 3,500,000 4 Rp 168,000,000
Kepala seksi Rp 3,000,000 9 Rp 324,000,000
Sekretaris Direktur Rp 2,500,000 1 Rp 30,000,000
Sekretaris Manager Rp 2,000,000 4 Rp 96,000,000
Karyawan shift, terdiri dari :
Proses Rp 2,000,000 43 Rp 1,032,000,000
Utilitas Rp 2,000,000 8 Rp 192,000,000
Quality Control Rp 2,000,000 8 Rp 192,000,000
Keamanan Rp 1,500,000 8 Rp 144,000,000
Karyawan non shift, terdiri dari :
Kepegawaian Rp 1,000,000 2 Rp 24,000,000
Diklat Rp 1,200,000 2 Rp 28,800,000
Humas Rp 1,500,000 2 Rp 36,000,000
Rumah Tangga Rp 1,000,000 2 Rp 24,000,000
Keuangan Rp 1,500,000 2 Rp 36,000,000
Akunting Rp 2,000,000 2 Rp 48,000,000
Impor Rp 1,500,000 2 Rp 36,000,000
Lokal Rp 1,000,000 2 Rp 24,000,000
Pemeliharaan Rp 1,000,000 2 Rp 24,000,000
Litbang Rp 1,500,000 2 Rp 36,000,000
Pemasaran Rp 1,500,000 2 Rp 36,000,000
Distribusi Rp 2,000,000 2 Rp 48,000,000
Gudang Rp 1,500,000 2 Rp 36,000,000
Dokter Rp 2,000,000 1 Rp 24,000,000
Perawat Rp 1,500,000 1 Rp 18,000,000
Supir Rp 1,000,000 3 Rp 36,000,000
Total Administrative cost Rp 3,220,800,000
- Distribution and Selling Cost

= 5% TPC
- Research and Development Cost
= 3% TPC
- Financing (interest)= 10% TCI = Rp 5,328,620,332
General expences = Administrative cost + distribution and selling cost +

research and development cost + financing (interest)
= Rp 8,549,420,332 + 8% TPC
Total production cost = Manufacturing cost + General expences

= Rp 136,271,145,245 + 8% TPC
= Rp 148,120,810,048
Distribution and Selling Cost
= 5% TPC = Rp 7,406,040,502
Research and Development Cost
= 3% TPC = Rp 4,443,624,301
General expences = Rp 20,399,085,136
A. Analisis Kelayakan Pabrik
Analisis kelayakan ekonomi ditinjau dari perolehan profit, persentase Return On
Investment (ROI), Pay Out Time (POT), analisis grafik hubungan kapasitas produksi dan
biaya yang harus dikeluarkan serta analisis sensitifitas.
1. Perolehan Profit
Profit diperoleh dari hasil pengurangan harga jual dengan biaya produksi.
Produk Produksi Harga Pendapatan/tahun

CaC2 (2 in) 2,161 Rp 9,500 Rp 162,593,640,000
CaC2 (under 2 in) 240.1 Rp 3,000 Rp 5,704,776,000
Total Penjualan Rp 168,298,416,000
Profit sebelum pajak (Pb)

= Harga jual - Biaya produksi
= Rp 20,177,605,952
Pajak = 30% Pb
= Rp 6,053,281,785
Profit sesudah pajak (Pa)

= Profit sebelum pajak - pajak
= Rp 14,124,324,166
2. Return On Investment (ROI)

ROI dihitung dengan menggunakan persamaan:
Pa
ROI= ×100
FCI
ROI 31.1842%
3. Pay Out Time (POT)

POT dihitung dengan menggunakan persamaan:
FCI
POT=
Pa +0,1FCI
POT = 2.43 tahun
4. Break Even Point (BEP)

BEP dihitung dengan menggunakan persamaan.
F a +0,3R a
BEP= x 100
S a −V a − 0,7R a
Fa = biaya tetap per tahun (annual fixed expenses)

= Rp 6,817,542,122
Ra = biaya regulasi per tahun (annual regulated expenses)
Labor = Rp 926,400,000
Plant Overhead = Rp 2,117,464,549
Supervisory = Rp 138,000,000
Laboratory Rp = 138,960,000
General expences Rp =
20,399,085,136
Maintenance Rp =
3,170,529,098
Plant supplies Rp = 339,699,546
= Rp 27,230,138,329
Sa = penjualan per tahun (annual sales expenses)
= Rp 168,298,416,000
Va = biaya variable per tahun (annual variable expenses)
Bahan baku = Rp 76,135,855,189
Utilitas = Rp 37,937,274,408
= Rp 114,073,129,597
BEP = break even point
BEP = 42.6189%
5. Shut Down Point (SDP)

SDP dihitung dengan menggunakan persamaan:
0,3R a
SDP = x 100
S a −V a −0,7R a
SDP = 23.2311%
6. Angsuran Pinjaman
TCI = Rp 53,286,203,323
Modal sendiri = Rp 34,636,032,160
Modal pinjaman = Rp 18,650,171,163
Bunga pinjaman = 15%
Tahun Pinjaman Bunga Total

Pinjaman
0 Rp 18,650,171,163 Rp 2,797,525,674 Rp 21,447,696,838
1 Rp 21,447,696,838 Rp 3,217,154,526 Rp 24,664,851,363
2 Rp 5,514,122,293 Rp 827,118,344 Rp 6,341,240,637
Jumlah Pinjaman Rp 52,453,788,838
7. Metode Discount Cash Flow

Usia ekonomi pabrik dihitung dengan menggunakan persamaan:
FCI -SV
n=
Depresiasi
FCI = fixed capital investment

= Rp 45,293,272,825
SV = salvage value = 0
D = depresiasi = Rp 4,552,878,481
n = usia pabrik, tahun
= 9.9483 tahun
Nilai bunga (interest) pinjaman dihitung dengan menggunakan persamaan:
 FC + WC   1+ i 
n

=  1+ i 
n-1
+  1+ i 
n-2

+...+1 x CF +  WC +SV 
FC = fixed capital = Rp 45,293,272,825
WC = working capital = Rp 7,992,930,499
CF = Keuntungan sesudah pajak + depresiasi
= Rp 18,677,202,647
FC + WC = Rp 53,286,203,323
trial i:
dengan menggunakan trial error, persamaan di atas menjadi:
– 10
= 0
( FC+ WC )⋅( 1+i )n ( )
∑ ( 1+i )n−1 ×CF+ ( WC+ SV )
n=1
i = interest = 0.6122 0.4624

(1+i)n = 115.7169
(FC + WC) . (1+i)n = Rp 6,166,115,427,578
10 = Rp 3,508,693,878,440
(∑
n=1
)
( 1+i )n−1 ×CF+ ( WC+ SV )
(1+i)n-1 = 72
(1+i) n-2
= 45
(1+i)n-3 = 28
(1+i)n-4 = 17
(1+i)n-5 = 11
(1+i) n-6
= 7
(1+i) n-7
= 4
(1+i) n-8
= 3
(1+i) n-9
= 2
(1+i) n-10
= 1
= 10
187
∑ ( 1+i )n−1
n=1
Analisa Ekonomi Metode DCF
TCI = Rp 53,286,203,323
Modal sendiri = Rp 37,300,342,326
Modal pinjaman = Rp 15,985,860,997
TPC = Rp 148,120,810,048
Depresiasi = Rp 4,552,878,481
Harga Produk = Rp 168,298,416,000
Bunga Pinjaman = 15%
Pajak = 30%
Pengembalian Pinjaman
usia Pabrik 10 tahun
Kapasitas Produksi
Tahun I - X 100%
Masa Konstruksi 2 tahun : tahun ke-1 disebut -2

tahun ke-2 disebut -1
Total Investasi Pabrik
a. Pada tahun ke (-2)
Dikeluarkan biaya sebesar 80% TCI
= Rp 42,628,962,659 , terdiri dari :
Biaya sendiri digunakan seluruhnya
= Rp 37,300,342,326
Modal pinjaman Rp 5,328,620,332
Bunga bank (15%) Rp 799,293,050
Hutang pada tahun ke-2 :
Modal pinjaman + bunga bank = Rp 6,127,913,382
b. Pada tahun ke (-1)

Dikeluarkan biaya 20% TCI
= Rp 10,657,240,665
semua adalah pinjaman dari bank, jadi total hutang pada awal tahun ke (-1) adalah
hutang pada tahun ke (-2) + hutang pada tahun ke (-1)
= Rp 16,785,154,047
bunga bank pada awal tahun ke 0
= Rp 2,517,773,107
c.pada tahun ke-0

total pinjaman pada awal tahun ke 0 (akhir masa konstruksi)
= Rp 19,302,927,154
Total investasi adalah jumlah pengeluaran ditahun ke (-2) dan tahun ke (-1), dan tahun ke 0
yaitu sebesar :
= Rp 62,731,182,863
Perhitungan akumulasi discounted cash flow ditunjukkan pada tabel 14.

7500
3000
Angsuran
Rp -
Rp 19,150,729,070
Rp 5,514,122,293
Rp 24,664,851,363
624883176883.334
Rp 2,657,421,549,138
ANALISA KELAYAKAN (FIT AND PROPER TEST)
A. Keuntungan / Profit
B. Return on Investment (ROI)
c. Pay Out Time (POT)
D. Break Even Point (BEP)
E. Shut Down Point (SDP)
F. Discounted Cash Flow (DCF)
A. Keuntungan / Profit
Biaya Produksi (Production Cost)
Penjualan Produk sebagai berikut :

Produk Produksi Harga
(kg/jam) (Rp/kg)
CaC2 (2 in) 2,161 Rp 9,500
CaC2 (under 2 in) 240.1 Rp 3,000
Total Penjualan
Keuntungan sebelum pajak
Pajak di Indonesia = 30 %
Keuntungan setelah pajak = Keuntungan sebelum pajak x (1 - % pajak)
Keuntungan setelah pajak
Profit
Percent Profit on Sales (POS) = x100 %
Harga jual produk
Profit
x100 %
Harga jual produk
Profit sebelum pajak

POS sebelum pajak = x100 %
Harga jual produk
POS sesudah pajak = Profit sesudah pajak

x100 %
Harga jual produk
B. Percent Return on Investment (ROI)

Return on Investment adalah tingkat keuntungan yang dapat dihasilkan dari tingkat investasi yang dikeluarkan.
Profit
Percent Return on Investment (ROI) = x100 %
Fixed Capital Investment
Profit sebelum pajak

ROI sebelum pajak = x100 %
Profit sesudah pajak

ROI sesudah pajak = x100 %
C. Pay Out Time (POT)

Pay Out Time (POT) =
Keuntungan + (0,1x FCI)

Keuntungan sebelum pajak + (0,1x FCI)
POT sebelum pajak =
Keuntungan sebelum pajak + (0,1x FCI)

POT sesudah pajak =
Keuntungan sesudah pajak + (0,1x FCI)
D. Break Even Point

a. Biaya tetap per tahun (Fixed Annual Expenses) (Fa)
b. Variable Cost (Va)

Raw Material
Utilitas
Total Variabel Cost (Va)
c. Regulated Cost (Ra)

Total Labor Cost
Supervisi
Laboratorium
General Expenses
Maintenace
Plant Supplies
Plant Overhead
Total Regulated Cost (Ra)
d. Penjualan Produk (Sa)

Penjualan produk selama 1 tahun
 Fa + 0,3 Ra 
BEP = x100%
 Sa - Va - 0,7 Ra 
Fa + 0,3Ra Rp 14,986,583,621
Sa - Va - 0,7 Ra Rp 35,164,189,573
BEP
E. Shut Down Point (SDP)
0,3Ra
SDP = x100%
 Sa - Va -0,7Ra 
0,3Ra Rp 8,169,041,499
Sa-Va-0,7Ra Rp 35,164,189,573
SDP
F. Discounted Cash Flow (DCF)

Persamaan yang digunakan untuk menghitungnya yaitu
 FC + WC   1+i 
n

=  1+ i 
n-1
+  1+ i 
n-2

+...+1 x CF +  WC +SV 
FC Rp 45,293,272,825
WC Rp 7,992,930,499
Depresiasi Rp 4,552,878,481
SV 0
Umur pabrik, n = FCI -SV 10 tahun
Depresiasi
FCI -SV
n=
Depresiasi
CF = Keuntungan sesudah pajak + depresiasi = Rp 18,677,202,647
FC + WC Rp 53,286,203,323
Trial i = 0.5306817514 0.5538787186

(1+i)n 69
 FC + WC   1+ i 
n
Rp 3,680,442,775,472
(1+i)n-1 45
(1+i)n-2 29
(1+i)n-3 19
(1+i) n-4
13
(1+i)n-5 8
(1+i)n-6 5
(1+i) n-7
4
(1+i)n-8 2
(1+i)n-9 1
(1+i) n-10
1
128

=  1+ i 
n-1
+  1+ i 
n-2

+...+1 x CF Rp 2,396,448,745,051
WC + SV = Rp 7,992,930,499

=  1+ i 
n-1
+  1+ i 
n-2

+...+1 x CF +  WC +SV  Rp 2,404,441,675,549

=  1+ i 
n-1
+  1+ i 
n-2

+...+1 x CF +  WC +SV 
Dengan cara coba ralat diperoleh i = 53.068175143 %
Analisa Ekonomi Metode DCF
TCI Rp 53,286,203,323.454
Modal sendiri Rp 37,300,342,326.418
Modal pinjaman Rp 15,985,860,997.036
TPC Rp 148,120,810,048.482
Depresiasi Rp 4,552,878,481
Harga Produk Rp 168,298,416,000.00
Bunga Pinjaman 0.15
Pajak 0.3
Pengembalian Pinjaman
Umur Pabrik 10 tahun
Kapasitas Produksi
Tahun I 0.85
Tahun II - IX 100
Tahun X 0.85
Masa Konstruksi 2 tahun : tahun ke-1 disebut -2

tahun ke-2 disebut -1
Total Investasi Pabrik

a. Pada tahun ke-2
Dikeluarkan biaya sebesar 80% TCI Rp 42,628,962,658.763 terdiri dari :
Biaya sendiri digunakan seluruhnya Rp 37,300,342,326.418
Modal pinjaman Rp 5,328,620,332.35
Bunga bank (15%) Rp 799,293,049.85
Hutang pada tahun ke 2
Modal pinjaman + bunga bank Rp 6,127,913,382.20
b. Pada tahun ke -1
Dikeluarkan biaya 20% TCI Rp 10,657,240,664.69 terdiri dari
semua adalah pinjamanan dari bank, jadi total hutang pada awal tahun ke-1 adalah =
hutang pada tahun ke 2 + hutang pada tahun ke 1 Rp 16,785,154,046.888
bunga bank pada awal tahun ke 0 = Rp 2,517,773,107.033
c.pada tahun ke-0

total pinjaman pada awal tahun ke 0 (akhir masa konstruksi) Rp 19,302,927,153.921
jadi total investasi adalah jumlah pengeluaran ditahun ke-2 dan tahun ke-1, dan tahun ke 0 yaitu sebesar =
Tabel E.8 Discounted Net Cash Flow Pabrik Calcium Carbide

Tahun Kapasitas
ke Produksi (%) Modal Sendiri
-2 Rp 37,300,342,326.418
-1
0
1 70%
2 90%
3 100%
4 100%
5 100%
6 100%
7 100%
8 100%
9 100%
10 100%
Tabel Periode Pengembalian Modal dan Perkiraan Nilai IRR

Tahun Investasi Pemasukan
Laba Bersih
0 Rp - Rp -
1 Rp 6,303,576,399
2 Rp 9,362,673,031
3 Rp 10,988,885,365
4 Rp 11,202,665,284
5 Rp 11,416,445,202
6 Rp 11,630,225,120
7 Rp 11,844,005,038
8 Rp 12,057,784,957
9 Rp 12,271,564,875
C u m u la tiv e N e t C a sh F lo w (R p )
10 Rp 12,485,344,793
Rp120,000,000,000
Rp100,000,000,000
C u m u la tiv e N e t C a sh F lo w
Rp120,000,000,000
Rp100,000,000,000
Rp80,000,000,000
Rp60,000,000,000
Rp40,000,000,000
Rp20,000,000,000
Rp-
0 1 2 3 4 5 6 7 8 9 10
Rp(20,000,000,000)
Usia Pabrik (Tahun ke-)
Grafik, Sale, Total Cost, Fixed Cost, Variabel Cost, Regulated Expenses
x y
Sale 0% Rp -
10%
20%
30%
40%
50%
60%
70%
80%
90%
100% Rp 168,298,416,000
Total Cost 0% Rp 14,986,583,621

10%
20%
30%
40%
50%
60%
70%
80%
90%
100% Rp 148,120,810,048
Fixed Cost 0% Rp 6,817,542,122

10%
20%
30%
40%
50%
60%
70%
80%
90%
100% Rp 6,817,542,122
Variabel Cost 0% Rp 14,986,583,621
10%
20%
30%
40%
50%
60%
70%
80%
90%
100% Rp 114,073,129,597
Regulated Expenses 0% Rp 6,817,542,122

10%
20%
30%
40%
50%
60%
70%
80%
90%
100% Rp 141,303,267,926
BEP 0.00% Rp 14,986,583,621

Rp 14,986,583,621
SDP 0.00% Rp 8,169,041,499

Rp 8,169,041,499
Rp140,000,000,000
Nilai Uang (Rp)
Sale
Rp120,000,000,000
Total Cost
Fixed Cost
Rp100,000,000,000
Variabel Cost
Regulated Expenses
Rp80,000,000,000
Rp60,000,000,000
Rp40,000,000,000
Rp20,000,000,000
Rp-
0% 100%
Kapasitas Produksi Pabrik (%)
Rp140,000,000,000
Rp120,000,000,000
Rp140,000,000,000
Rp120,000,000,000
Rp100,000,000,000
Rp80,000,000,000
Rp60,000,000,000
Rp40,000,000,000
Rp20,000,000,000
Rp-
0% 100%
Rp148,120,810,048
Pendapatan/tahun
(Rp/tahun)
Rp 162,593,640,000
Rp 5,704,776,000
Rp 168,298,416,000
Rp 20,177,605,952
Rp14,124,324,166
11.9892 %
8.3924 %
44.5488 %
31.1842 %
1.83 tahun
2.43 tahun
Rp 6,817,542,122
Rp 76,135,855,189
Rp 37,937,274,408
Rp 114,073,129,597
Rp 926,400,000
Rp 138,000,000
Rp 138,960,000
Rp 20,399,085,136.224
Rp 3,170,529,098
Rp 339,699,546
Rp 2,117,464,549
Rp 27,230,138,329
Rp 168,298,416,000.00
42.619 %
42.619
23.23 %
23.23 %
1,647,401,923,236.29
Investasi Hasil penjualan
Pinjaman Bunga Pinjaman Total Pinjaman Total Investasi
Rp 5,328,620,332.345 Rp 799,293,049.852 Rp 6,127,913,382.197 Rp 43,428,255,708.615
Rp 10,657,240,664.691 Rp 919,187,007.330 Rp 17,704,341,054.218 Rp 55,004,683,380.635
Rp 2,655,651,158.133 Rp 20,359,992,212.350 Rp 57,660,334,538.768
Rp 3,053,998,831.853 Rp 18,323,992,991.115 Rp 117,565,196,778.299
Rp 2,748,598,948.667 Rp 16,287,993,769.880 Rp 151,468,574,400.000
Rp 2,443,199,065.482 Rp 14,251,994,548.645 Rp 168,298,416,000.000
Rp 2,137,799,182.297 Rp 12,215,995,327.410 Rp 168,298,416,000.000
Rp 1,832,399,299.112 Rp 10,179,996,106.175 Rp 168,298,416,000.000
Rp 1,526,999,415.926 Rp 8,143,996,884.940 Rp 168,298,416,000.000
Rp 1,221,599,532.741 Rp 6,107,997,663.705 Rp 168,298,416,000.000
Rp 916,199,649.556 Rp 4,071,998,442.470 Rp 168,298,416,000.000
Rp 610,799,766.371 Rp 2,035,999,221.235 Rp 168,298,416,000.000
Rp 305,399,883.185 Rp 168,298,416,000.000
Pemasukan Net Cash Flow Cumulative Discounted Net

Depresiasi Net Cash Flow Cash Flow i = 48,51%
0.00 Rp - Rp - Rp -
Rp 4,552,878,481 Rp 10,856,454,880 Rp (46,803,879,658) Rp 7,287,280,481
Rp 4,552,878,481 Rp 13,915,551,512 Rp (32,888,328,147) Rp 6,269,823,721
Rp 4,552,878,481 Rp 15,541,763,847 Rp (17,346,564,300) Rp 4,700,376,721
Rp 4,552,878,481 Rp 15,755,543,765 Rp (1,591,020,535) Rp 3,198,476,845
Rp 4,552,878,481 Rp 15,969,323,683 Rp 14,378,303,148 Rp 2,176,074,662
Rp 4,552,878,481 Rp 16,183,103,601 Rp 30,561,406,749 Rp 1,480,220,915
Rp 4,552,878,481 Rp 16,396,883,519 Rp 46,958,290,268 Rp 1,006,707,924
Rp 4,552,878,481 Rp 16,610,663,438 Rp 63,568,953,706 Rp 684,552,259
Rp 4,552,878,481 Rp 16,824,443,356 Rp 80,393,397,062 Rp 465,412,226
Rp 4,552,878,481 Rp 17,038,223,274 Rp 97,431,620,336 Rp 316,372,584
Total Err:522
5 6 7 8 9 10
brik (Tahun ke-)
Fa Rp 6,817,542,122 Sale
Ra Rp 27,230,138,329
Sa Rp 168,298,416,000
Va Rp 114,073,129,597 Total Cost
0,3Ra Rp 8,169,041,499
Fixed Cost
Variabel Cost
Regulated Expense
F a +0,3R a
BEP= x 100
S a −V a −0,7R a
F a +0,3R a
BEP= x 100
S a −V a −0,7R a
0,3R a
SDP= x 100
S a −V a −0,7R a
100%
100%
Pembiayaan Laba
Biaya produksi Depresiasi Pengembalian Laba Kotor Pajak
Rp 103,470,089,583.677 Rp 4,552,878,481.196 Rp 5,089,998,053.088 Rp 9,005,109,141.535 Rp 2,701,532,742.460

Rp 133,308,729,043.634 Rp 4,552,878,481.196 Rp 4,784,598,169.902 Rp 13,375,247,186.464 Rp 4,012,574,155.939
Rp 148,120,810,048.482 Rp 4,552,878,481.196 Rp 4,479,198,286.717 Rp 15,698,407,664.801 Rp 4,709,522,299.440
Rp 148,120,810,048.482 Rp 4,552,878,481.196 Rp 4,173,798,403.532 Rp 16,003,807,547.986 Rp 4,801,142,264.396
Rp 148,120,810,048.482 Rp 4,552,878,481.196 Rp 3,868,398,520.347 Rp 16,309,207,431.171 Rp 4,892,762,229.351
Rp 148,120,810,048.482 Rp 4,552,878,481.196 Rp 3,562,998,637.161 Rp 16,614,607,314.356 Rp 4,984,382,194.307
Rp 148,120,810,048.482 Rp 4,552,878,481.196 Rp 3,257,598,753.976 Rp 16,920,007,197.542 Rp 5,076,002,159.262
Rp 148,120,810,048.482 Rp 4,552,878,481.196 Rp 2,952,198,870.791 Rp 17,225,407,080.727 Rp 5,167,622,124.218
Rp 148,120,810,048.482 Rp 4,552,878,481.196 Rp 2,646,798,987.606 Rp 17,530,806,963.912 Rp 5,259,242,089.174
Rp 148,120,810,048.482 Rp 4,552,878,481.196 Rp 2,341,399,104.420 Rp 17,836,206,847.097 Rp 5,350,862,054.129
x y
0% Rp -
100% Rp 168,298,416,000
0% Rp 14,986,583,621
100% Rp 148,120,810,048
0% Rp 6,817,542,122
100% Rp 6,817,542,122
0% Rp 14,986,583,621
100% Rp 114,073,129,597
0% Rp 6,817,542,122
100% Rp 141,303,267,926
i 0.489781395
a Discounted Net Total Discounted Discounted Net
Net Cash flow
Laba Bersih Cash Flow i = 15% Net Cash Flow Cash Flow i = 48,51%
Rp 6,303,576,399.074 Rp 10,856,454,880.271 Rp 9,440,395,548.061 Rp 9,440,395,548.061 Rp 7,287,280,480.625

Rp 9,362,673,030.525 Rp 13,915,551,511.721 Rp 10,522,156,152.530 Rp 19,962,551,700.591 Rp 6,269,823,721.461
Rp 10,988,885,365.361 Rp 15,541,763,846.557 Rp 10,218,962,009.736 Rp 30,181,513,710.327 Rp 4,700,376,720.620
Rp 11,202,665,283.590 Rp 15,755,543,764.786 Rp 9,008,283,283.600 Rp 39,189,796,993.927 Rp 3,198,476,845.342
Rp 11,416,445,201.820 Rp 15,969,323,683.016 Rp 7,939,576,213.644 Rp 47,129,373,207.570 Rp 2,176,074,661.877
Rp 11,630,225,120.050 Rp 16,183,103,601.246 Rp 6,996,402,274.314 Rp 54,125,775,481.884 Rp 1,480,220,915.327
Rp 11,844,005,038.279 Rp 16,396,883,519.475 Rp 6,164,195,854.275 Rp 60,289,971,336.160 Rp 1,006,707,924.432
Rp 12,057,784,956.509 Rp 16,610,663,437.705 Rp 5,430,055,342.547 Rp 65,720,026,678.707 Rp 684,552,259.224
Rp 12,271,564,874.739 Rp 16,824,443,355.935 Rp 4,782,556,849.591 Rp 70,502,583,528.298 Rp 465,412,225.671
Rp 12,485,344,792.968 Rp 17,038,223,274.164 Rp 4,211,588,212.863 Rp 74,714,171,741.161 Rp 316,372,584.095
Total Rp 74,714,171,741.161 Total Rp 27,585,298,338.675
Rp -
Rp 27,585,298,338.675
Cumulative Cash Flow
0
Rp (55,004,683,381)
Rp (57,660,334,539)
Rp (46,803,879,658)
Rp (32,888,328,147)
Rp (17,346,564,300)
Rp (1,591,020,535)
Rp 14,378,303,148
Rp 30,561,406,749
Rp 46,958,290,268
Rp 63,568,953,706
Rp 80,393,397,062
Rp 97,431,620,336
Discounted Net Cash Flow Pabrik calcium carbide
Tahun Kapasitas Investasi
ke Produksi (%) Modal Sendiri Pinjaman Bunga Pinjaman
-2
-2 Rp 37,300,342,326 Rp 5,328,620,332 Rp 799,293,050
-1 Rp 10,657,240,665 Rp 2,517,773,107
0 Rp -
1 100% Rp 2,895,439,073
2 100% Rp 3,040,211,027
3 100% Rp 3,184,982,980
4 100% Rp 3,329,754,934
5 100% Rp 3,474,526,888
6 100% Rp 3,619,298,841
7 100% Rp 3,764,070,795
8 100% Rp 3,908,842,749
9 100% Rp 4,053,614,702
10 100% Rp 4,198,386,656
Tabel Periode Pengembalian Modal dan Perkiraan Nilai IRR

Tahun Investasi Pemasukan Net Cash Flow
Laba Bersih Depresiasi
0 Rp 56,603,269,480 Rp - 0.00 Rp (56,603,269,480)
1 Rp 14,597,850,589 Rp 4,552,878,481 Rp 19,150,729,070
2 Rp 12,671,778,898 Rp 4,552,878,481 Rp 17,224,657,379
3 Rp 12,570,438,530 Rp 4,552,878,481 Rp 17,123,317,011
4 Rp 12,469,098,163 Rp 4,552,878,481 Rp 17,021,976,644
5 Rp 12,367,757,795 Rp 4,552,878,481 Rp 16,920,636,276
6 Rp 12,266,417,427 Rp 4,552,878,481 Rp 16,819,295,909
7 Rp 12,165,077,060 Rp 4,552,878,481 Rp 16,717,955,541
8 Rp 12,063,736,692 Rp 4,552,878,481 Rp 16,616,615,174
9 Rp 11,962,396,325 Rp 4,552,878,481 Rp 16,515,274,806
10 Rp 11,861,055,957 Rp 4,552,878,481 Rp 16,413,934,438
vestasi Pembiayaan
Hasil penjualan
Total Pinjaman Total Investasi Biaya produksi Depresiasi
Rp 6,127,913,382 Rp 43,428,255,709
Rp 19,302,927,154 Rp 56,603,269,480
Rp 19,302,927,154 Rp 56,603,269,480
Rp 20,268,073,512 Rp 168,298,416,000 Rp 148,120,810,048 Rp 4,552,878,481
Rp 21,233,219,869 Rp 168,298,416,000 Rp 148,120,810,048 Rp 4,552,878,481
Rp 22,198,366,227 Rp 168,298,416,000 Rp 148,120,810,048 Rp 4,552,878,481
Rp 23,163,512,585 Rp 168,298,416,000 Rp 148,120,810,048 Rp 4,552,878,481
Rp 24,128,658,942 Rp 168,298,416,000 Rp 148,120,810,048 Rp 4,552,878,481
Rp 25,093,805,300 Rp 168,298,416,000 Rp 148,120,810,048 Rp 4,552,878,481
Rp 26,058,951,658 Rp 168,298,416,000 Rp 148,120,810,048 Rp 4,552,878,481
Rp 27,024,098,015 Rp 168,298,416,000 Rp 148,120,810,048 Rp 4,552,878,481
Rp 27,989,244,373 Rp 168,298,416,000 Rp 148,120,810,048 Rp 4,552,878,481
Rp 168,298,416,000 Rp 148,120,810,048 Rp 4,552,878,481
C u m u la tiv e N e t C a s h F lo w (R p )
Cumulative Discounted Net

Net Cash Flow Cash Flow i = 48,51%
Rp (56,603,269,480) Rp -
Rp (37,452,540,410) Rp 12,894,978,380
Rp (20,227,883,031) Rp 7,809,463,584
Rp (3,104,566,020) Rp 5,227,497,276
Rp 13,917,410,624 Rp 3,499,058,589
Rp150,000,000,000
Rp 30,838,046,900 Rp 2,342,034,134
Rp 47,657,342,809 Rp 1,567,543,667
Rp 64,375,298,350 Rp 1,049,132,422 Rp100,000,000,000
Rp 80,991,913,524 Rp 702,142,095
Rp50,000,000,000
Rp-
0 1 2 3
C u m u la ti
Rp150,000,000,000
Rp100,000,000,000
Rp 97,507,188,330 Rp 469,897,959
Rp50,000,000,000
Rp 113,921,122,768 Rp 314,460,250
Total Rp 35,876,208,355
Rp-
0 1 2 3
Rp(50,000,000,000)
Rp(100,000,000,000)
biayaan Laba
Net Cash Flow
Pengembalian Laba Kotor Pajak Laba Bersih
Rp 1,930,292,715 Rp 18,247,313,236 Rp 3,649,462,647 Rp 14,597,850,589 Rp 19,150,729,070

Rp 2,075,064,669 Rp 18,102,541,282 Rp 5,430,762,385 Rp 12,671,778,898 Rp 17,224,657,379
Rp 2,219,836,623 Rp 17,957,769,329 Rp 5,387,330,799 Rp 12,570,438,530 Rp 17,123,317,011
Rp 2,364,608,576 Rp 17,812,997,375 Rp 5,343,899,213 Rp 12,469,098,163 Rp 17,021,976,644
Rp 2,509,380,530 Rp 17,668,225,422 Rp 5,300,467,626 Rp 12,367,757,795 Rp 16,920,636,276
Rp 2,654,152,484 Rp 17,523,453,468 Rp 5,257,036,040 Rp 12,266,417,427 Rp 16,819,295,909
Rp 2,798,924,437 Rp 17,378,681,514 Rp 5,213,604,454 Rp 12,165,077,060 Rp 16,717,955,541
Rp 2,943,696,391 Rp 17,233,909,561 Rp 5,170,172,868 Rp 12,063,736,692 Rp 16,616,615,174
Rp 3,088,468,345 Rp 17,089,137,607 Rp 5,126,741,282 Rp 11,962,396,325 Rp 16,515,274,806
Rp 3,233,240,298 Rp 16,944,365,653 Rp 5,083,309,696 Rp 11,861,055,957 Rp 16,413,934,438
Total
00
00
00
Rp-
0 1 2 3 4 5 6 7 8 9 10
00
00
00
Rp-
0 1 2 3 4 5 6 7 8 9 10
00)
00)
Tahun
0.4851 0.4852
Discounted Net Total Discounted Discounted Net Discounted Net
Cash Flow i = 15% Net Cash Flow Cash Flow i = 48,51% Cash Flow i = 48,51%
0.0000
Rp (43,428,255,709)
Rp (56,603,269,480)
Rp (56,603,269,480)
Rp 16,652,807,887 Rp 16,652,807,887 Rp 12,894,978,380
Rp 13,024,315,598 Rp 29,677,123,485 Rp 7,809,463,584
Rp 11,258,858,888 Rp 40,935,982,374 Rp 5,227,497,276
Rp 9,732,370,393 Rp 50,668,352,766 Rp 3,499,058,589
Rp 8,412,546,703 Rp 59,080,899,469 Rp 2,342,034,134
Rp 7,271,445,765 Rp 66,352,345,234 Rp 1,567,543,667
Rp 6,284,898,720 Rp 72,637,243,954 Rp 1,049,132,422
Rp 5,432,000,976 Rp 78,069,244,929 Rp 702,142,095
Rp 4,694,671,852 Rp 82,763,916,781 Rp 469,897,959
Rp 4,057,273,560 Rp 86,821,190,342 Rp 314,460,250
Rp 86,821,190,342 Total Rp 35,876,208,355
Rp 62,731,182,863
Rp 156,365,557,436
Rp 46,329,931,373
Rp 10,453,723,018
Rp 120,186,476,584
Cumulative Cash Flow
0
Rp (43,428,255,709)
Rp (56,603,269,480)
Rp (56,603,269,480)
Rp (37,452,540,410)
Rp (20,227,883,031)
Rp (3,104,566,020)
Rp 13,917,410,624
Rp 30,838,046,900
Rp 47,657,342,809
Rp 64,375,298,350
Rp 80,991,913,524
Rp 97,507,188,330
Rp 113,921,122,768
Tahun ke Kapasitas Hasil Penjualan Biaya Produksi Laba Depresiasi
Produksi Laba Kotor Pajak Laba bersih
-2
-1
0
1 70% Rp 117,808,891,200 Rp 103,684,567,034 Rp 14,124,324,166 Rp 4,237,297,250 Rp 9,887,026,916 Rp 4,552,878,481
2 90% Rp 151,468,574,400 Rp 133,308,729,044 Rp 18,159,845,356 Rp 5,447,953,607 Rp 12,711,891,749 Rp 4,552,878,481
3 100% Rp 168,298,416,000 Rp 148,120,810,048 Rp 20,177,605,952 Rp 6,053,281,785 Rp 14,124,324,166 Rp 4,552,878,481
4 100% Rp 168,298,416,000 Rp 148,120,810,048 Rp 20,177,605,952 Rp 6,053,281,785 Rp 14,124,324,166 Rp 4,552,878,481
5 100% Rp 168,298,416,000 Rp 148,120,810,048 Rp 20,177,605,952 Rp 6,053,281,785 Rp 14,124,324,166 Rp 4,552,878,481
6 100% Rp 168,298,416,000 Rp 148,120,810,048 Rp 20,177,605,952 Rp 6,053,281,785 Rp 14,124,324,166 Rp 4,552,878,481
7 100% Rp 168,298,416,000 Rp 148,120,810,048 Rp 20,177,605,952 Rp 6,053,281,785 Rp 14,124,324,166 Rp 4,552,878,481
8 100% Rp 168,298,416,000 Rp 148,120,810,048 Rp 20,177,605,952 Rp 6,053,281,785 Rp 14,124,324,166 Rp 4,552,878,481
9 100% Rp 168,298,416,000 Rp 148,120,810,048 Rp 20,177,605,952 Rp 6,053,281,785 Rp 14,124,324,166 Rp 4,552,878,481
10 100% Rp 168,298,416,000 Rp 148,120,810,048 Rp 20,177,605,952 Rp 6,053,281,785 Rp 14,124,324,166 Rp 4,552,878,481
C u m u la tiv e c a s h f lo w (r u p ia h )
Rp150,000,000,000
Rp100,000,000,000
Rp50,000,000,000
Rp-
-2 -1 0 1 2 3 4 5 6 7 8 9 10
Rp(50,000,000,000)
Rp(100,000,000,000)
Tabel Periode Pengembalian Modal dan Perkiraan Nilai IRR Umur Pabrik (tahun)
Tahun Investasi Pemasukan Net Cash Flow Cumulative Discounted Net
Laba Bersih Depresiasi Net Cash Flow Cash Flow i = 40,15%
0 ### Rp 9,887,026,916 Rp 4,552,878,481.196 Rp (62,731,182,863) Rp (62,731,182,863) Rp -
1 Rp 12,711,891,749 Rp 4,552,878,481.196 Rp 14,439,905,397 Rp - Rp 10,216,070,158
2 Rp 14,124,324,166 Rp 4,552,878,481.196 Rp 17,264,770,231 Rp - Rp 18,857,783,190
3 Rp 14,124,324,166 Rp 4,552,878,481.196 Rp 18,677,202,647 Rp - Rp 25,471,877,562
4 Rp 14,124,324,166 Rp 4,552,878,481.196 Rp 18,677,202,647 Rp - Rp 30,151,274,711
5 Rp 14,124,324,166 Rp 4,552,878,481.196 Rp 18,677,202,647 Rp - Rp 33,461,895,400
6 Rp 14,124,324,166 Rp 4,552,878,481.196 Rp 18,677,202,647 Rp - Rp 35,804,122,188
7 Rp 14,124,324,166 Rp 4,552,878,481.196 Rp 18,677,202,647 Rp - Rp 37,461,221,215
8 Rp 14,124,324,166 Rp 4,552,878,481.196 Rp 18,677,202,647 Rp - Rp 38,633,600,082
9 Rp 14,124,324,166 Rp 4,552,878,481.196 Rp 18,677,202,647 Rp - Rp 39,463,044,903
10 Rp 14,124,324,166 Rp 4,552,878,481.196 Rp 18,677,202,647 Rp - Rp 40,049,867,757
Total Rp 309,570,757,168
Cum ula tive net ca sh flo w (rup ia h)
Rp-
0 1 2 3 4 5 6 7 8 9 10
Rp(10,000,000,000)
Rp(20,000,000,000)
Rp(30,000,000,000)
Rp(40,000,000,000)
Rp(50,000,000,000)
Rp(60,000,000,000)
Rp(70,000,000,000)
Usia pabrik (tahun)
Tabel L.E.11 Discounted Cash Flow Pabrik Calcium Carbide kapasitas 20.000 ton/tahun
Net Cash Flow Cumulative Cash Flow Trial for i =15% Trial for i = 48,51% Trial for i = 49,51%
discount factor Present Value discount factor Present Value discount factor Present Value
Rp (6,127,913,382)
Rp (16,785,154,047)
Rp (62,731,182,863)
Rp 14,439,905,397 Rp (48,291,277,465) 0.8696 Rp 12,556,439,476 0.6734 Rp 9,723,187,258 0.6689 Rp 9,658,153,567
Rp 17,264,770,231 Rp (31,026,507,234) 0.7561 Rp 13,054,646,677 0.4534 Rp 7,827,974,580 0.4474 Rp 7,723,609,711
Rp 18,677,202,647 Rp (12,349,304,587) 0.6575 Rp 12,280,563,917 0.3053 Rp 5,702,230,079 0.2992 Rp 5,588,575,293
Rp 18,677,202,647 Rp 6,327,898,060 0.5718 Rp 10,678,751,232 0.2056 Rp 3,839,627,014 0.2001 Rp 3,737,927,425
Rp 18,677,202,647 Rp 25,005,100,707 0.4972 Rp 9,285,870,637 0.1384 Rp 2,585,433,314 0.1339 Rp 2,500,118,671
Rp 18,677,202,647 Rp 43,682,303,355 0.4323 Rp 8,074,670,119 0.0932 Rp 1,740,915,301 0.0895 Rp 1,672,208,328
Rp 18,677,202,647 Rp 62,359,506,002 0.3759 Rp 7,021,452,277 0.0628 Rp 1,172,254,596 0.0599 Rp 1,118,459,185
Rp 18,677,202,647 Rp 81,036,708,649 0.3269 Rp 6,105,610,676 0.0423 Rp 789,343,880 0.0401 Rp 748,083,195
Rp 18,677,202,647 Rp 99,713,911,296 0.2843 Rp 5,309,226,675 0.0285 Rp 531,508,909 0.0268 Rp 500,356,629
Rp 18,677,202,647 Rp 118,391,113,944 0.2472 Rp 4,616,718,848 0.0192 Rp 357,894,356 0.0179 Rp 334,664,322
Total Rp 88,983,950,533 Rp 34,270,369,288 Rp 33,582,156,327
Trial for i = 41,35% Net Present Value Total Investasi Modal Sendiri Pinjaman Bunga Pinjaman Total Pinjaman
discount factor Present Value
Rp 6,127,913,382 Rp 37,300,342,326 Rp 5,328,620,332 - Rp 5,328,620,332
Rp 16,785,154,047 Rp 10,657,240,665 Rp 799,293,050 Rp 16,785,154,047
Rp 62,731,182,863 Rp 2,517,773,107 Rp 19,302,927,154
0.7075 Rp 10,216,070,158 Rp 10,216,070,158 Rp 2,895,439,073 Rp 14,477,195,365
0.5005 Rp 8,641,713,032 Rp 18,857,783,190 Rp 2,171,579,305 Rp 9,651,463,577
0.3541 Rp 6,614,094,372 Rp 25,471,877,562 Rp 1,447,719,537 Rp 4,825,731,788
0.2505 Rp 4,679,397,148 Rp 30,151,274,711 Rp 723,859,768 Rp 4,383,303,556
0.1773 Rp 3,310,620,690 Rp 33,461,895,400
0.1254 Rp 2,342,226,788 Rp 35,804,122,188
0.0887 Rp 1,657,099,027 Rp 37,461,221,215
0.0628 Rp 1,172,378,867 Rp 38,633,600,082
0.0444 Rp 829,444,821 Rp 39,463,044,903
0.0314 Rp 586,822,853 Rp 40,049,867,757
Rp 40,049,867,757
Pengembalian
Utang
-
-
-
Rp 7,721,170,862
Rp 6,997,311,093
Rp 6,273,451,325
Rp 5,549,591,557
Tabel Fixed Capital Investment
1. Direct Cost
- Purchased equipment-delivered Rp 6,541,999,640
- Purchased equpment installation Rp 3,074,739,831
- Instrumentation dan controls (installed) Rp 1,177,559,935
- Piping (Biaya perpipaan) Rp 4,317,719,762
- Electrical (installed) Rp 719,619,960
- Buildings Rp 1,177,559,935
- Yard improvement Rp 654,199,964
- Service facilities Rp 4,579,399,748
- Tanah Rp 392,519,978
Total Direct Cost Rp 22,635,318,753
2. Indirect Cost
- Engineering and supervision Rp 7,469,655,189
- Construction expenses Rp 9,280,480,689
Total Indirect Cost Rp 16,750,135,877
3. Upah kontraktor Rp 1,969,272,732
4. Biaya tak terduga Rp 3,938,545,463
Fixed Capital Investment Rp 45,293,272,825
Working Capital Investment Rp 7,992,930,499
Tabel Manufacturing cost

1. Direct manufacturing cost
- Raw Material Rp 76,135,855,189
- Operating labor Rp 926,400,000
- Direct supervisory (pengawas) Rp 138,000,000
- Utilitas Rp 37,937,274,408
- Maintenance and repair cost Rp 3,170,529,098
- Operating supplies Rp 339,699,546
- Laboratory charges Rp 138,960,000
Total Direct manufacturing cost Rp 118,786,718,241
2. Fixed Charges
- Depresiasi Rp 4,552,878,481
- Pajak lokal Rp 1,811,730,913
- Asuransi Rp 452,932,728
Total Fixed Charges Rp 6,817,542,122
3. Plant Overhead Cost (POC) Rp 2,117,464,549
Manufacturing cost Rp 127,721,724,912
Tabel General Expenses

1. Administrative cost Rp 3,220,800,000
2. Distribution and Selling Cost Rp 7,406,040,502
3. Research and Development Cost Rp 4,443,624,301
4. Financing (interest) = Rp 5,328,620,332
General Expenses Rp 20,399,085,136
x y
Sale 0% Rp -
100% Rp 168,298,416,000
Total Cost 0% Rp 14,986,583,621

100% Rp 148,120,810,048
Fixed Cost 0% Rp 6,817,542,122

100% Rp 6,817,542,122
Variabel Cost 0% Rp 14,986,583,621

100% Rp 114,073,129,597
Regulated Expenses 0% Rp 6,817,542,122

100% Rp 141,303,267,926
Break Even Point 42.62% Rp 14,986,583,621 F a +0,3R a

BEP= x 100
Rp 14,986,583,621 S a −V a − 0,7R a
Shut Down Point 23.23% Rp 8,169,041,499 0,3R a

SDP= x 100
Rp 8,169,041,499 S a −V a −0,7R a
Rp180,000,000,000
Nilai uang (Rupiah)
Sale
Rp160,000,000,000 Total Cost
Fixed Cost
Variabel Cost
Rp140,000,000,000
Regulated
Expenses
Rp120,000,000,000
Rp100,000,000,000
Rp80,000,000,000
Rp60,000,000,000
Rp40,000,000,000
Rp20,000,000,000
Rp-
0%
Kapasitas produksi pabrik (%)

Rp40,000,000,000
Rp20,000,000,000
Rp-
0%
Kapasitas produksi pabrik (%)

Fa Rp 6,817,542,122
Ra Rp 27,230,138,329
Sa Rp 168,298,416,000
Va Rp 114,073,129,597
0,3Ra Rp 8,169,041,499
,3R a
x 100
− 0,7Ra
x 100
−0,7R a
100%
si pabrik (%)
100%
si pabrik (%)
A.1.1.1 Biaya Pembelian Peralatan (Purchased Equipment Cost)
No Jenis Biaya
1 Harga Pembelian Alat (EC) Rp 25,210,017,879
2 Biaya Pengangkutan (15% EC) Rp 3,781,502,682
3 Asuransi Pengangkutan (1% EC Rp 252,100,179
4 Provisi Bank (1% EC) Rp 252,100,179
5 EMKL (1% EC) Rp 252,100,179
6 Pajak Barang Impor (20% EC) Rp 5,042,003,576
Total PEC Rp 34,789,824,673
A.1.1.2 Biaya Pemasangan Alat (Equipment Instalation Cost)
Material = 11 % PEC
Material = Rp 3,826,880,714
Buruh = 32 % PEC
1 Manhour asing = 20 $
1 Manhour Indonesia = 20000 Rp
Digunakan 95 % tenaga Indonesia dan 5 % tenaga asing

Jumlah man hour = 556,637,195
Tenaga Asing 556,637,195 $

Tenaga Indonesia Rp 31,728,320,101,898 Rp
2,440,640,008 $
Total Installation Cost = 2,997,277,203 $
A.1.1.6 Biaya Listrik (Electricity Cost)

Material = Rp 1,043,694,740
Buruh = Rp 1,043,694,740
Jumlah Man hour = 52,184,737
Ongkos Buruh Indonesia = Rp 3,131,084,220,582 Rp
240,852,632 $
Total Electricity = 1,284,547,373 $
A.1.1.7 Bangunan (Building)

Harga bangunan per m2 700000
Luas Bangunan Diperkirakan Indoor 5000
Outdoor 20000
Sehingga total Biaya 17500000000
1346153.84615385
A.1.1.9 Utility
Utilitas = 107,046 $
Total Biaya = 107,046 $
A.1.1.10 Total Enviromental Cost

Total Enviromental Cost =
Rp 267,614 $
Dari data-data di atas didapatkan Physical Plant Cost (PPC)
No. Jenis PPC Biaya (US$)
1 Total PEC 2,676,140
2 Total Instalasi 2,997,277,203
3 Total Pipping
4 Instrumental
5 Isolasi
6 Listrik
7 Bangunan
8 Tanah dan perbaikan
9 utilitas
10 Biaya Pemeliharaan
Total PPC
BIAYA MANUFAKTUR
A.2.1. Biaya Langsung
A.2.1.1. Bahan Baku
No Bahan baku Kebutuhan (kg/jam)
1 Batang Sorgum
2 Urea
3 TSP
4 Yeast
5 Enzim Glukoamilase
TOTAL
A.2.1.2. Labor Cost

Jabatan Jumlah (orang) Gaji (Rp/bln/org)
Kepala regu 6 3000000
Karyawan Proses 50 2000000
TOTAL Rupiah
US $
A.2.1.3. Supervisi
No Jabatan Jumlah
1 Kepala bagian 3
2 kepala seksi 6
TOTAL
A.2.1.4. Maintenance
adalah 0,08 x FCI (US $) 1459431.79601734
A.2.1.5. Plant Supplies
adalah 0,15 x Maintenance Cost ($) 218914.769402601
A.2.1.6. Royalty and Patent

Royaltie and Patent ditetapkan sebesar 1% dari harga jual
kapasitas produksi sebesar (L) 8000
Harga bioetanol (US $) 1.0909090909
Total harga jual (US $) 8727.2727272727
Royaltie and Patent (US $) 87.2727272727
A.2.1.7. Utilitas
adalah 25% dari biaya bangunan dan contingency (US $) 1155895.37430752
A.2.3. Biaya Tetap

A.2.3.1. Depresiasi
adalah 8 % dari FCI (US $) 1459431.79601734
A.2.3.2. Property Task

adalah 1% dari FCI (US $) 182428.974502168
A.3.3.3. Asuransi
adalah 1% dari FCI (US $) 182428.974502168
Total Fixed Manufacturing Cost (FMC)

No. Jenis FCM Biaya (US $)
1 Depresiasi 1459431.79601734
2 Property Task 182428.974502168
3 Asuransi 182428.974502168
TOTAL 1824289.74502168
A.3. Pengeluaran Umum (General Expose)

A.3.1. Administrasi
A.3.1.1. Management Salaries
Jabatan Jumlah Gaji (Rp/bulan/orang)
Direktur Utama 1 20000000
Direktur Produksi dan Teknik 1 15000000
Direktur Keuangan dan Umum 1 15000000
Staf Ahli 6 9000000
Sekretaris 2 2000000
Kepala Bagian 3 7500000
Kepala Seksi 6 5000000
Kepala regu 6 3000000
Karyawan 50 2000000
Medis 1 2000000
Paramedic 1 1500000
Sopir 2 1500000
Pesuruh dan Cleaning Service 3 800000
TOTAL Rupiah
US $
A.3.1.2. Legal Fee and Auditing
adalah 1% dar labor cost+supervisiz+maintenance (US $) 16454.3179601734
A.3.1.3. Peralatan Kantor & Komunikasi

dana yang disediakan untuk peralatan kantor tiap tahun adalah
Rp 75000000 6818.1818181818
Total Biaya Administrasi

No. Jenis Biaya Administrasi Biaya (US $)
1 Management Salaries 313527.272727273
2 Legal Fee and Auditing 16454.3179601734
3 Peralatan Kantor dan Komunikasi 6818.1818181818
TOTAL 336799.772505628
B. ANALISIS KELAYAKAN
B.1. Evaluasi Keuntungan
Total penjualan (US $) 8727.2727272727
Cost
1. manufacturing cost (US $) 4961161.84598233
2. general expense (US $) 1785226.3728448
Total cost (US $) 6746388.21882713
Profit before tax (US $) = (PBT) -6737660.94609985
(Rupiah) -74114270407.0984
Perhitungan pajak keuntungan di Indonesia sesuai 17 UU PPh No.36 tahun 2008 pasal 17 ayat 2a dan
Total pajak
25% dari profir before tax (Rp) -18528567601.7746
Keuntungan setelah pajak (PAT)
Profit before tax (Rp) - Total pajak (R -55585702805.3238
(US $) -5053245.70957489
Profit On Sales (POS)

POS sebelum pajak = (keuntungan sebelum pajak / total penjualan produk) x 100% (Rp) ---
POS setelah pajak = (keuntungan setelah pajak / total penjualan produk) x 100% (Rp) --- (%
B.2. Return Of Investment (ROI)

% ROI sebelum pajak = (keuntungan sebelum pajak / fixed capital investment) x 100% (Rp)
% ROI setelah pajak = (keuntungan setelah pajak / fixed capital investment) x 100% (Rp) ---
B.3. Pay Out Time (POT)

POT sebelum pajak = (fixed capital investment / PBT+Depresiasi) (tahun)
POT setelah pajak = (fixed capital investment / PAT+Depresiasi) (tahun)
B.4. Break Even Point (BEP)

a. Fixed Cost (Fa)
No Jenis Biaya (US $)
1 Depresiasi 1459431.79601734
2 Property Tax 182428.974502168
3 Asuransi 182428.974502168
TOTAL 1824289.74502168
b. Variable Cost (Va)
1 Raw Material 4201.070324091
2 Utilitas 1155895.37430752
3 Royalty and patent 87.2727272727
4 Packaging and Shipping 349.0909090909
TOTAL 1160532.80826798
c. Regulated Cost (Ra)
1 Supervisi 57272.7272727273
2 Labor Cost 128727.272727273
3 Maintenance 1459431.79601734
4 Palnt Supplies 218914.769402601
5 Payroll Overhead 19309.0909090909
6 Laboratory 15447.2727272727
7 General Expense 1785226.3728448
8 Plant Overhead 77236.3636363636
TOTAL 3761565.66553747
d. Sales Cost (Sa)
Penjualan produk selama satu tahun 8727.2727272727
BEP (%) -78.0141687591
B.5. Shut Down Point (SDP)
-29.8150347965
B.6. Rate Of Return atas dasar Discounted Cash Flow

FCI (US $) 18242897.4502168
19596343.9083051
WCI (US $) 1353446.45808829
SV (US $) = 10% x FCI 1824289.74502168
i = interest 5.45%
n = umur pabrik (tahun) 12
CF (US $) = PAT + Depresiasi + Fina -2552761.8176101
FCI + WC = CF [((1+i)^n-1)/(i〖(1+i)〗^n )] + WCI/〖(1+i)〗^n + SV/〖(1+i)〗^n
TRIAL i -10773119.2621683 154.9751490001

A.1.1.3 Pemipaan (Piping)
Material = ###
Man Hour = Rp 643,611,756
Tenaga Indonesia = Rp
$
Total Piping Cost = $
A.1.1.4 Instrumentasi (Instrumentation)

Material = $
Buruh = $
Jumlah Main Hour = $
Tenaga Asing = $
$
Total instrumentation Cost = $
A.1.1.5 Isolasi (Insulation Cost)

Material = $
Buruh = $
Jumlah manhour =
$
Total Insulation Cost = $
A.1.1.8. Tanah dan Persiapan Lahan

Luas Tanah m2
Harga Tanah per m2 Rp
Biaya pembelian tanah Rp
$
Biaya Perbaikan Diperkirakan 10% PEC
$
Total Biaya tanah dan perbaikan =
$
Rp
m2
m2
Rp
$
A.1.1.11 Engineering and Construction
Eng&Const Cost = $
Direct Plant Cost (DPC) = PPC + Eng&Const

No. Jenis Biaya (US$)
1 PPC
2 Eng&Const
Total DPC DPC
A.1.1.12 Contractor's fee

Contractor's fee =
A.1.1.13 Contingency
Contingency =
Fixed Capital Investment (FCI)
No. Fixed Capital Biaya (US$)
1 DPC
2 Contractor's Fee
3 Contingency
Total = FCI
A.2.2. Biaya Tak Langsung

A.2.2.1. Payroll Overhead
Harga (US $/kg) Biaya (US $/Tahun) adalah 15% dari labor cost (US $)
A.2.2.2. Laboratory
adalah 12% dari l
A.2.2.3. Plant Overhead

adalah 60% dari l
US $
A.2.2.4. Packaging and Transp
Haji tahunan (Rp) adalah 4% dari ha
MAKA
Indirect Manufacturing Cost (IMC)
Gaji / bulan (Rp) Total gaji / tahun (Rp)

Direct Manufacturing Cost (DMC)
No. Jenis DMC Biaya (US $)
1 Bahan Baku 4201.070324091
2 Labor Cost 128727.27272727
3 Supervisi 57272.727272727
4 Maintenance 1459431.7960174
5 Plant Supplies 218914.7694026
6 Royalty and Patent 87.2727272727
7 Utilitas 1155895.3743075
TOTAL 3024530.2827788
Total Manufacturing Cost (MC)

No. Jenis MC Biaya (US $)
1 Direct Manufacturing Cost (DMC)
3024530.28278
2 Indirect Manufacturing Cost112341.818182
(IMC)
3 Fixed Manufacturing Cost (FMC)
1824289.74502
TOTAL 4961161.84598
A.3.2. Penjualan (Sales Expense)

adalah 5% dari MC 248058.092299
Gaji tahunan (Rp)
240000000 A.3.3. Riset (Reasearch)
180000000 adalah 5% dari MC 248058.092299
180000000
648000000 A.3.4. Keuangan (Fianace)
48000000 adalah 5% dari TCI 1041052.09595
270000000
360000000 Total General Expense
216000000 No. Jenis MC
1200000000 1 Administrasi
24000000 2 Penjualan
18000000 3 Riset
36000000 4 Keuangan
28800000 TOTAL
3448800000
313527.2727273
US $
asal 17 ayat 2a dan berlaku mulai tahun 2010 di Indonesia:
-77202.36500739
-57901.77375555
-36.9330637553
-27.6997978165
-3.4562534008
-5.0761942296
TRIAL DINYATAKAN BENAR JIKA SHELL C336 = 0
MAKA KARENA NILAI DI SHELL C336 ≈ 0, TRIAL i dinyatakan BENAR dengan nilai i = 5.45%
A.1.2. Modal Kerja (Working Capital
A.1.2.1. Persediaan Bahan Baku (Ra
lama penyimpanan adalah seminggu
No Bahan bakuKebutuhan (kg/jam) Harga (US $/kg)
1 Batang Sorgum 100 0.0045454545
2 Urea 0.055927179 0.1454545455
3 TSP 0.111854358 0.0954545455
4 Yeast 1.803764E-06 6.8181818182
5 Enzim Glukoamilase 0.02282742 2.5
TOTAL Rupiah
US $
A.1.2.2. Persediaan dalm Proses (In
Biaya in process inventory = (0,5 x 1 x MC) / (330 h 313.20466199
A.1.2.3. Persediaan Produk (Product

Biaya product inventory = (30/330) x MC 451014.71327
A.1.2.4. Available Cash

Biaya available cash = (30/330) x MC 451014.71327
A.1.2.5. Extended Credit

Biaya extended credit = (30/3300) x MC 451014.71327
Total Working Capital Investment

No. Jenis Working Capital Biaya (US $)
1 Raw Material Inventory89.113612935
2 In Process Invetory 313.20466199
3 Product Inventory 451014.71327
4 Available Cash 451014.71327
5 Extended Credit 451014.71327
TOTAL 1353446.4581
A.1.2.6. Plant Start Up

besarnya = 8% d 1224698.010644
Total Capital Investment (TCI)

No. Jenis Capital InvestmentBiaya (US $)
1 Fixed Capital Investment18242897.45
2 Working Capital Investment
1353446.4581
3 Plant Start Up 1224698.0106
TOTAL 20821041.919
iaya Tak Langsung
Payroll Overhead
19309
Laboratory
15447
Plant Overhead
77236
Packaging and Transport

349.091
No.
1
2
3
4
xpense
Biaya (US $)
248058
248058
248058
1E+06
2E+06
i = 5.45%
Biaya (US $/Tahun)
76.3636363636
1.3666568832
1.7937371592
0.0020661292
9.5875164
802022.51642
89.113612935
(US $)
(US $)
(US $)
(US $)

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Chemical Engineering Plant Cost Index

Sumber : www.CHF.com (as Published in Chemical Engineering Magazine)

Rumus yang digunakan

Harga = index tahun 2020

Index pada tahun 2020 Berdasarkan CEPCI = 442.958

Daftar Harga Peralatan Proses

No Unit Kode alat Nama alat

Daftar Harga Peralatan Utilitas

No Nama Alat Spek u/ pembelian alat Harga satuan

Harga Peralatan Total = Rp 25,210,017,879

Nama Alat Utilitas Harga Tahun 2011 Jumlah

Spek tangki penyimpan air :

spek tanki penyimpan bahan bakar :

ahun 1990 dengan index = 368.471

Chemical Engineering Plant Cost

Jumlah Harga Total

(1) Direct Cost (DC)

- Purchased equpment installation

(2) Indirect Cost (IC)

Fixed CapitalInvestment (FCI)

b. Working Capital Investment (WCI)

WCI = 15% TCI

2. Total Production Cost (TPC)

Bahan Baku harga 2003 (Rp/kg) harga 2011 (Rp/kg)

Bahan baku Kebutuhan Harga Biaya total/tahun

- Direct supervisory (pengawas)

- Maintenance and repair cost

(2) Fixed Charges (FC)

- Pajak lokal = 4% FCI = Rp 1,811,730,913

(3) Plant Overhead Cost (POC)

- Distribution and Selling Cost

General expences = Administrative cost + distribution and selling cost +

Total production cost = Manufacturing cost + General expences

Produk Produksi Harga Pendapatan/tahun

Profit sebelum pajak (Pb)

Profit sesudah pajak (Pa)

2. Return On Investment (ROI)

3. Pay Out Time (POT)

4. Break Even Point (BEP)

Fa = biaya tetap per tahun (annual fixed expenses)

5. Shut Down Point (SDP)

Tahun Pinjaman Bunga Total

7. Metode Discount Cash Flow

FCI = fixed capital investment

Nilai bunga (interest) pinjaman dihitung dengan menggunakan persamaan:

i = interest = 0.6122 0.4624

Analisa Ekonomi Metode DCF

Masa Konstruksi 2 tahun : tahun ke-1 disebut -2

b. Pada tahun ke (-1)

c.pada tahun ke-0

Perhitungan akumulasi discounted cash flow ditunjukkan pada tabel 14.

Penjualan Produk sebagai berikut :

Keuntungan sebelum pajak

Keuntungan setelah pajak

Profit sebelum pajak

POS sesudah pajak = Profit sesudah pajak

B. Percent Return on Investment (ROI)

Profit sebelum pajak

Profit sesudah pajak

C. Pay Out Time (POT)

Fixed Capital Investment

Fixed Capital Investment

D. Break Even Point

b. Variable Cost (Va)