0 1 2

invest 100
NCF 120 110

Years Invest NCF Escalasion Factor Invest*EF Discounted Factor

0 100 1 100 1
1 120 1 0.909090909090909
2 110 1.1 0.826446280991735
100

jadi dari data investasi di tahun ke 0 sebesar 100 Mmusd disimpan di bank dengan bunga sebesar 10% bila selama dua tahun m
kalo investasi di tahun ke 0 sebesar 100 Mmusd diinvestasikan ke lapangan tersebut dengan discounted rate 10% bila selama
jadi menurut saya lebih memilih diinvestasikan untuk mengembangkan lapangan tersebut
 NCF after discounted
0
109.090909090909
90.9090909090909
200

gan bunga sebesar 10% bila selama dua tahun mengahasilkan NPV sebesar 120 Mmusd
sebut dengan discounted rate 10% bila selama dua tahun akan menghasilkan NPV sebesar 200 Mmusd
an tersebut
150% DCNF 150 200
1 0
0.4 43.63636
0.16 14.54545
 Gross Investasi Depresias Taxable
Tahun Produksi Revenue Capital Non-Cap i Opex income Tax (40%)
0 0 0 227.5 122.5 0 0 0
1 3 180 97.5 52.5 45.5 42 92.5 37
2 5 300 55.9 70 174.1 69.64
3 7 420 44.72 98 277.28 110.912
4 9 540 35.776 126 378.224 151.2896
5 11 660 28.6208 154 477.3792 190.9517
6 10 600 7.9872 140 452.0128 180.8051
7 9 540 0 126 414 165.6
8 5.5 330 0 77 253 101.2
9 3.5 210 0 49 161 64.4
10 0 0 0 0 0 0

Harga minyak 60 MMUSD/bbl

Capital 65%
Non-cap 35%
Opex 14 USD/bbl

Depreciation Matrix
Years Annual Capex cek sum 0 1 2 3 4 5
0 227.5 227.5 0 45.5 36.4 29.12 23.296 18.6368
1 97.5 97.5 0 0 19.5 15.6 12.48 9.984
2 0 0 0 0 0 0 0 0
Total 97.5 325 0 45.5 55.9 44.72 35.776 28.6208
0 1 2 3 4 5 6 7
Balance di 227.5 227.5 182 145.6 116.48 93.184
Angsuran 45.5 36.4 29.12 23.296 18.6368 0
Balansing 182 145.6 116.48 93.184 74.5472 0

0 1 2 3 4 5 6 7
Balance di th awal 97.5 78 62.4 49.92 39.936
Angsuran 19.5 15.6 12.48 9.984 7.9872 0
Balansing 78 62.4 49.92 39.936 31.9488 0

0 1 2 3 4 5 6 7
Balance di th awal 60 36 21.6 12.96 7.776 4.6656
Angsuran 24 14.4 8.64 5.184 3.1104 4.6656
Balansing 36 21.6 12.96 7.776 4.6656 0
NCF after Escalasion Taxable NCF after Disc. Disc.
tax Factor Invest*EF Opex*EF Income Tax (40%) tax Factor DNCF Factor
-350 0.970874 0 0 0 -350 1 -350 1
55.5 1 42 92.5 37 55.5 0.909091 50.45455 0.666667
104.46 1.03 72.1 172 68.8 103.2 0.826446 85.28926 0.444444
166.368 1.0609 103.9682 271.3118 108.5247 162.7871 0.751315 122.3043 0.296296
226.9344 1.092727 137.6836 366.5404 146.6162 219.9242 0.683013 150.2112 0.197531
286.4275 1.125509 173.3284 458.0508 183.2203 274.8305 0.620921 170.6481 0.131687
271.2077 1.159274 162.2984 429.7144 171.8858 257.8287 0.564474 145.5376 0.087791
248.4 1.194052 150.4506 389.5494 155.8198 233.7296 0.513158 119.9403 0.058528
151.8 1.229874 94.70029 235.2997 94.11988 141.1798 0.466507 65.86143 0.039018
96.6 1.26677 62.07173 147.9283 59.17131 88.75696 0.424098 37.64162 0.026012
0 1.304773 0 0 0 0 0.385543 0 0.017342
1257.698 0 1187.737 597.8883

2566.774
Jawaban
a. NCF after tax 1187.737
b. Indikator ekonomi
6 7 8 9 10 POT 3.175155
0 NPV 597.8883
7.9872 0 ROR 53.17
0 0 0 0 PIR #DIV/0!
7.9872 0 0 DPR #DIV/0!
8 9 10

8 9 10

8 9 10
 Disc. Capital*D
DNCF Factor DNCF Cum. NCF F
-350 1 -350 -350 0
37 0.652869 36.23425 -294.5 0
45.86667 0.426238 43.9878 -191.3
48.23321 0.278278 45.30006 -28.51292
43.44182 0.181679 39.95565 191.4113
36.19167 0.118613 32.59841 466.2418
22.63516 0.077439 19.9659 724.0705
13.67965 0.050557 11.81674 957.8001
5.508617 0.033007 4.659968 1098.98
2.308772 0.021549 1.912665 1187.737
0 0.014069 0 1187.737
-95.13443 -113.5685 0

MMUSD

Tahun
MMUSD
%