Daftar Lampiran Tabel Perhitungan

Studi Kelayakan Pengembangan Usaha

Perdagangan/Eksportir Kopi
PT. UNTUNG MELULU MEDAN

Tabel-1 : Ringkasan Rencana Modal Kerja, Pendanaan & Kelayakan Proyek

Tabel-2 : Neraca-Eksisting
Tabel-3 : Laba (Rugi)-Eksisting
Tabel-4 : Daftar Penjualan-Eksisting
Tabel-5 : Daftar Persediaan-Eksisting
Tabel-6 : Harga Pokok Produksi-Eksisting
Tabel-7 : Biaya Usaha-Eksisting
Tabel-8 : Modal Kerja-Eksisting
Tabel-9 : Proyeksi Penjualan
Tabel-10 : Proyeksi Harga Pokok Produksi
Tabel-11 : Proyeksi Biaya Usaha
Tabel-12 : Proyeksi Persediaan
Tabel-13 : Perkiraan Modal Kerja Awal
Tabel-14 : Rencana Penarikan KMK, Bunga & Rencana Pencicilan KMK
Tabel-15 : Proyeksi Laba (Rugi)
Tabel-16 : Proyeksi Arus Kas
Tabel-17 : Proyeksi Neraca
Tabel-18 : Analisa Kelayakan Usaha
Tabel-19 : Analisa Rasio Keuangan
Tabel-20 : Analisa Sensitifitas - Penjualan Turun 2%
Tabel-21 : Analisa Sensitifitas - HPP Naik 2%
Ringkasan Rencana Modal Kerja, Pendanaan & Kelayakan Proyek Tabel-1
Studi Kelayakan Pengembangan Usaha
Perdagangan/Eksportir Kopi
PT. UNTUNG MELULU MEDAN
Thn-2011/12
Uraian
(Rp.-)
A. Nilai Perolehan Akt. Tetap (Lap_Keu Audited)
1. Tanah 23,000,000,000
2. Bangunan 14,155,478,872
3. Kendaraan 565,000,000
4. Inventaris 1,102,906,172
Jumlah-A 38,823,385,044
B. Kebutuhan Modal Kerja Awal
1. Aktiva Lancar 65,017,602,764
2. Passiva Lancar 17,772,698,282
Jumlah-B 47,244,904,482
C. Pendanaan
Jumlah Bank Equity
Uraian
(Rp.-) (Rp.-) Share (Rp.-) Share
1. Investasi Eksisting 38,823,385,044 - 0.00% 38,823,385,044 100.00%
2. Modal Kerja 47,244,904,482 42,261,441,797 89.45% 4,983,462,686 10.55%
Jumlah-E (1&2) 86,068,289,526 42,261,441,797 49.10% 43,806,847,730 50.90%
3. IDC - - 0.00% - 0.00%
Jumlah (1+2+3) 86,068,289,526 42,261,441,797 49.10% 43,806,847,730 50.90%
D. Jadwal Pembiayaan Bank
Thn-2011/12
Uraian
(Rp.-)
1. Kredit Investasi (KI) -
2. Kredit Modal Kerja 42,261,441,797
Jumlah KI+KMK 42,261,441,797
E. Bunga Bank 12.50% p.a
F. Kelayakan Usaha
1. IRR 43.24% > 12,50% PROYEK LAYAK
2. NPV (Rp.'000) 18,618,266,940 > 0 PROYEK LAYAK
3. BCR 1.24 > 1 PROYEK LAYAK
4. Payback Period 2 Tahun 11 Bulan
G. Analisa Sensitifitas
1. Penjualan Turun 2%, lainnya tetap : IRR 14.81% > 12,50% Proyek Layak
2. HPP Naik 2%, lainnya tetap : IRR 19.33% > 12,50% Proyek Layak
Neraca-Eksisting Tabel-2
Studi Kelayakan Pengembangan Usaha
Perdagangan/Eksportir Kopi
PT. UNTUNG MELULU MEDAN
31-12-2009 30-09-2010
Uraian
(Rp.-) (Rp.-)
A. AKTIVA
1. Aktiva Lancar
a. Kas & Setara Kas 1,689,666,136 2,514,003,904
b. Piutang Usaha 15,788,886,007 16,609,026,510
c. Piutang Lainnya 1,666,428,500 871,987,000
d. Persediaan 9,432,135,116 8,481,333,000
e. Panjar Pembelian 1,734,625,000 762,248,000
Jumlah Aktiva Lancar 30,311,740,759 29,238,598,414
2. Aktiva Tidak Lancar
a. Aktiva Tetap (Nilai Perolehan) 12,278,385,044 38,823,385,044
b. Akumulasi Penyusutan 1,851,804,725 2,238,109,661
Jumlah Aktiva Tidak Lancar 10,426,580,319 36,585,275,383
Jumlah Aktiva 40,738,321,078 65,823,873,797
B. PASSIVA
1. Passiva Lancar
a. Hutang Usaha 1,310,857,000 567,215,600
b. Hutang Bank 8,585,988,639 7,103,346,333
c. Hutang Pajak 61,788,000 142,846,000
d. Kewajiban Lancar Lainnya 207,457,622 34,210,000
Jumlah Passiva Lancar 10,166,091,261 7,847,617,933
2. Hutang Jangka Panjang
a. Hutang Pada Pesero - -
b. Hutang Bank 300,000,000 -
Jumlah Hutang Jk. Panjang 300,000,000 -
Jumlah Hutang 10,466,091,261 7,847,617,933
3. M o d a l
a. Modal Disetor 600,000,000 18,800,000,000
b. Laba Ditahan 19,283,829,651 29,672,229,817
c. Laba Periode Berjalan 10,388,400,166 9,504,026,047
Jumlah Modal 30,272,229,817 57,976,255,865
Jumlah Passiva 40,738,321,078 65,823,873,797
Laba (Rugi)-Eksisting Tabel-3
Studi Kelayakan Pengembangan Usaha
Perdagangan/Eksportir Kopi
PT. UNTUNG MELULU MEDAN
31-12-2009 30-09-2010
Uraian
(Rp.-) (Rp.-)
A. Penjualan
1. Total Penjualan 156,042,561,400 135,509,482,300
2. Potongan Penjualan 325,744,000 141,846,000
Penjualan Bersih 155,716,817,400 135,367,636,300
B. Harga Pokok Penjualan
1. Pers. Brg. Jadi Awal 3,021,934,500 3,662,454,116
2. Harga Pokok Produksi 130,017,902,044 111,590,538,958
Tersedia Utk. Dijual 133,039,836,544 115,252,993,074
3. Pers. Brg. Jadi Akhir 3,662,454,116 2,198,416,000
Harga Pokok Penjualan 129,377,382,428 113,054,577,074
Laba (Rugi) Kotor 26,339,434,972 22,313,059,226
C. Biaya Usaha
1. Biaya Penjualan 6,148,576,499 4,643,612,300
2. Biaya Adm. & Umum 5,789,420,007 4,490,041,879
Biaya Usaha 11,937,996,506 9,133,654,179
Laba (Rugi) Operasional 14,401,438,466 13,179,405,047
D. Pendapatan (Biaya) Lain-lain 26,894,700 20,630,000
Laba (Rugi) Seb. Taksiran Paja 14,428,333,166 13,200,035,047
Taksiran Pajak 4,039,933,000 3,696,009,000
Laba (Rugi) Bersih 10,388,400,166 9,504,026,047
Daftar Penjualan-Eksisting Tabel-4
Studi Kelayakan Pengembangan Usaha
Perdagangan/Eksportir Kopi
PT. UNTUNG MELULU MEDAN
31-12-2009 30-09-2010
Uraian
(Rp.-) (Rp.-)
A. Penjualan
1. Januari 12,525,468,000 15,004,680,000
2. Pebruari 12,874,622,000 14,746,200,000
3. Maret 12,486,467,000 14,682,500,000
4. April 11,646,277,400 14,923,636,000
5. Mei 12,035,800,000 15,071,620,000
6. Juni 11,963,422,000 15,374,682,500
7. Juli 12,559,460,000 15,424,638,800
8. Agustus 12,776,324,000 15,042,880,000
9. September 13,599,364,000 15,238,645,000
10. Oktober 14,074,680,000 -
11. Nopember 14,547,113,000 -
12. Desember 14,953,564,000 -
Jumlah-A 156,042,561,400 135,509,482,300
B. Potongan Penjualan 325,744,000 141,846,000
Penjualan Bersih 155,716,817,400 135,367,636,300
Daftar Persediaan-Eksisting Tabel-5
Studi Kelayakan Pengembangan Usaha
Perdagangan/Eksportir Kopi
PT. UNTUNG MELULU MEDAN
31-12-2009 30-09-2010
Uraian
(Rp.-) (Rp.-)
A. Persediaan Bahan Baku
1. Pers. Kopi 2,084,625,000 2,245,250,000
2. Lain-Lain 429,462,000 528,462,000
Jumlah Pers. BB 2,514,087,000 2,773,712,000
B. Persediaan Bahan Dalam Proses
1. Asalan 2,022,746,000 1,962,380,000
2. Proses Kopi Robusta 1,232,848,000 1,546,825,000
Jumlah Pers. WIP 3,255,594,000 3,509,205,000
C. Persediaan Barang Jadi
1. Asalam DP 2,355,525,980 1,146,250,000
2. Pangkal 185,682,223 225,468,000
3. Pixel 274,467,000 114,760,000
4. Special Cofindo Luwak 51,486,695 137,256,000
5. Special Cofindo Lasuna 795,292,218 574,682,000
Jumlah Pers. Barang Jadi 3,662,454,116 2,198,416,000
Jumlah Persediaan 9,432,135,116 8,481,333,000
Harga Pokok Produksi-Eksisting Tabel-6
Studi Kelayakan Pengembangan Usaha
Perdagangan/Eksportir Kopi
PT. UNTUNG MELULU MEDAN
31-12-2009 30-09-2010
Uraian
(Rp.-) (Rp.-)
A. Pembelian
1. Januari 10,146,220,000 12,185,460,000
2. Pebruari 9,925,288,000 11,846,228,000
3. Maret 10,174,699,000 12,171,680,000
4. April 9,647,622,000 12,235,822,000
5. Mei 10,635,840,000 12,184,683,000
6. Juni 9,984,224,600 12,174,600,000
7. Juli 10,413,686,000 12,466,846,000
8. Agustus 10,991,254,000 12,120,787,100
9. September 11,074,625,600 12,862,707,100
10. Oktober 11,557,692,500 -
11. Nopember 11,046,864,200 -
12. Desember 12,184,972,800 -
Jumlah-A 127,782,988,700 110,248,813,200
B. Biaya Tenaga Kerja Langsung
1. Biaya TK Borongan 468,546,000 301,846,200
2. Biaya TK Harian 346,354,000 254,682,000
3. Biaya Lembur TK Harian 71,695,000 63,482,000
Jumlah-B 886,595,000 620,010,200
C. Biaya Overhead Pabrik
1. Biaya Bhn. Penolong 181,685,500 135,628,000
2. Biaya Listrik & Telepon 85,624,000 67,252,000
3. Biaya Kesejahteraan TK 56,746,000 46,822,000
4. Biaya Uang Makan TK 104,860,000 81,746,000
5. Biaya BBM & Parkir 147,524,600 108,746,000
6. Biaya Pemeliharaan Ak. Teta 67,422,300 49,274,600
7. Biaya Penyusutan 280,523,944 210,392,958
8. Biaya Serba-serbi Gudang 25,468,000 21,854,000
Jumlah-C 949,854,344 721,715,558
D. Biaya Operasional Produksi
1. Biaya Ekspor 251,468,000 192,333,000
2. Biaya Entertaint 34,658,000 25,578,000
3. Biaya Bongkar Muat 71,654,000 64,358,000
4. Biaya Charge 40,684,000 36,449,200
Jumlah-D 398,464,000 318,718,200
Harga Pokok Produksi 130,017,902,044 111,590,538,958
Biaya Usaha-Eksisting Tabel-7
Studi Kelayakan Pengembangan Usaha
Perdagangan/Eksportir Kopi
PT. UNTUNG MELULU MEDAN
31-12-2009 30-09-2010
Uraian
(Rp.-) (Rp.-)
A. Biaya Penjualan
1. Biaya Komisi Penjualan 189,642,500 142,879,200
2. Biaya Freight 4,765,220,000 3,567,113,000
3. Biaya Pos, DHL, Fedex, dll 41,235,000 28,688,000
4. Biaya EMKL 824,680,000 637,416,000
5. Biaya Dokumen 146,762,000 125,711,000
6. Biaya Bongkar Muat 43,568,999 32,841,100
7. Biaya Pengangkutan 137,468,000 108,964,000
Jumlah-A 6,148,576,499 4,643,612,300
B. Biaya Adm. & Umum
1. Biaya Gaji & THR Karyawan 2,014,600,000 1,607,460,000
2. Biaya Iklan 35,746,000 21,388,400
3. Biaya Asuransi 75,246,000 60,684,000
4. Biaya Tunjangan Pulsa 8,624,600 6,258,400
5. Biaya BBM & Transportasi 17,625,000 12,622,000
6. Biaya Fotocopy, Jilid & Ctk 8,468,000 6,714,400
7. Biaya Internet, Indovision 69,424,600 48,711,600
8. Biaya Listrik, Air & Telepon 50,474,600 38,284,000
9. Biaya Koran dan Majalah 9,113,600 5,217,100
10. Biaya ATK 19,468,000 14,630,000
11. Biaya Bunga 1,985,063,200 1,588,469,000
12. Biaya Pantry 27,623,000 18,177,000
13. Biaya BGR 164,325,000 125,472,000
14. Biaya Entertaint 41,358,000 28,346,000
15. Biaya Retribusi 27,468,000 19,824,000
16. Biaya Servis Kendaraan 43,468,000 29,174,000
17. Biaya Tunjangan Karyawan 501,130,000 400,842,000
18. Biaya Penyusutan 312,732,407 175,911,979
19. Biaya Lain-lain 377,462,000 281,856,000
Jumlah-B 5,789,420,007 4,490,041,879
Jumlah Biaya Usaha 11,937,996,506 9,133,654,179
Modal Kerja-Eksisting Tabel-8
Studi Kelayakan Pengembangan Usaha
Perdagangan/Eksportir Kopi
PT. UNTUNG MELULU MEDAN
31-12-2009 30-09-2010
Uraian
(Rp.-) (Rp.-)
A. Aktiva Lancar
1. Kas & Setara Kas 1,689,666,136 2,514,003,904
2. Piutang Usaha 15,788,886,007 16,609,026,510
3. Piutang Lainnya 1,666,428,500 871,987,000
4. Persediaan 9,432,135,116 8,481,333,000
5. Panjar Pembelian 1,734,625,000 762,248,000
Jumlah Aktiva Lancar 30,311,740,759 29,238,598,414
B. Passiva Lancar
1. Hutang Usaha 1,310,857,000 567,215,600
2. Hutang Bank 8,585,988,639 7,103,346,333
3. Hutang Pajak 61,788,000 142,846,000
4. Kewajiban Lancar Lainny 207,457,622 34,210,000
Jumlah Passiva Lancar 10,166,091,261 7,847,617,933
Modal Kerja Bersih 20,145,649,498 21,390,980,481
Proyeksi Penjualan Tabel-9
Studi Kelayakan Pengembangan Usaha
Perdagangan/Eksportir Kopi
PT. UNTUNG MELULU MEDAN
2011 2012 2013 2014 2015
Bulan
(Ton) (Rp.-) (Ton) (Rp.-) (Ton) (Rp.-) (Ton) (Rp.-) (Ton) (Rp.-)
Januari 432.0 18,144,000,000 468.0 19,852,560,000 504.0 21,593,476,800 540.0 23,367,226,680 576.0 25,174,292,210
Pebruari 432.0 17,236,800,000 468.0 18,859,932,000 540.0 21,979,074,600 576.0 23,678,789,702 612.0 25,410,301,199
Maret 540.0 22,113,000,000 504.0 20,845,188,000 576.0 24,061,302,720 612.0 25,820,785,481 648.0 27,613,051,768
April 540.0 22,339,800,000 504.0 21,058,984,800 612.0 25,827,340,644 648.0 27,620,061,936 576.0 24,796,677,827
Mei 648.0 27,624,240,000 612.0 26,350,455,600 576.0 25,048,433,088 684.0 30,042,464,435 720.0 31,939,883,241
Juni 648.0 27,896,400,000 612.0 26,610,066,000 612.0 26,876,166,660 576.0 25,548,167,837 612.0 27,416,377,610
Juli 720.0 31,298,400,000 648.0 28,450,245,600 648.0 28,734,748,056 684.0 30,634,434,177 720.0 32,569,240,547
Agustus 720.0 31,600,800,000 792.0 35,108,488,800 720.0 32,235,976,080 720.0 32,558,335,841 648.0 29,595,527,279
September 864.0 38,102,400,000 936.0 41,690,376,000 792.0 35,629,236,720 792.0 35,985,529,087 756.0 34,693,321,452
Oktober 720.0 30,996,000,000 864.0 37,567,152,000 936.0 41,104,725,480 936.0 41,515,772,735 900.0 40,318,202,367
Nopember 648.0 27,216,000,000 756.0 32,069,520,000 864.0 37,017,388,800 828.0 35,829,747,576 864.0 37,761,438,315
Desember 540.0 22,226,400,000 648.0 26,938,396,800 720.0 30,230,867,520 720.0 30,533,176,195 756.0 32,380,433,355
Jumlah 7,452.0 316,794,240,000 7,812.0 335,401,365,600 8,100.0 350,338,737,168 8,316.0 363,134,491,683 8,388.0 369,668,747,170
 Perolehan Akumulasi Nilai Buku
Uraian s/d 30-9-'10 Dep. s/d 1-1-'10 s/d 1-1-'10
(Rp.-) (Rp.-) (Rp.-)
1. Tanah
a. Tanah Lks. Pabrik 2,300,000,000 - 2,300,000,000
b. Tanah Jl. SM. Raja 300,000,000 - 300,000,000
c. Tanah Jl. Aceh 1,400,000,000 - 1,400,000,000
d. Rumah & Gudang 19,000,000,000 - 1,000,000,000
Jumlah-1 23,000,000,000 - 5,000,000,000
2. Bangunan
a. Kantor & Pabrik 5,610,478,872 1,122,095,774 4,488,383,098
b. Bangunan Gudang 8,545,000,000 - -
Jumlah-2 14,155,478,872 1,122,095,774 4,488,383,098
3. Kendaraan 565,000,000 247,187,500 317,812,500
4. Inventaris
a. Kantor 521,897,172 228,330,013 293,567,159
b. Gudang 581,009,000 254,191,438 326,817,562
Jumlah-4 1,102,906,172 482,521,451 620,384,721
Jumlah (1s/d4) 38,823,385,044 1,851,804,725 10,426,580,319
 Penyusutan Akumulasi Nilai Buku Penyusutan Akumulasi Nilai Buku
1-1-'10 s/d 30-9-'10 Dep. s/d 30-9-'10 s/d 30-9-'10 30-9-'10 s/d 31-12-'10Dep. s/d 31-12-'10 s/d 31-12-'10
(Rp.-) (Rp.-) (Rp.-) (Rp.-) (Rp.-) (Rp.-)

- - 2,300,000,000 - - 2,300,000,000
- - 300,000,000 - - 300,000,000
- - 1,400,000,000 - - 1,400,000,000
- - 19,000,000,000 - - 19,000,000,000
- - 23,000,000,000 - - 23,000,000,000

210,392,958 1,332,488,732 4,277,990,140 93,507,981 1,425,996,713 4,184,482,159

- - 8,545,000,000 106,812,500 106,812,500 8,438,187,500
210,392,958 1,332,488,732 12,822,990,140 200,320,481 1,532,809,213 12,622,669,659
59,589,844 306,777,344 258,222,656 26,484,375 333,261,719 231,738,281

55,043,842 283,373,855 238,523,317 24,463,930 307,837,785 214,059,387

61,278,293 315,469,731 265,539,269 27,234,797 342,704,528 238,304,472
116,322,135 598,843,586 504,062,586 51,698,727 650,542,313 452,363,859
386,304,937 2,238,109,662 36,585,275,382 278,503,583 2,516,613,245 36,306,771,799
303,900,939
427,250,000
731,150,939
86,074,219 15%

79,507,772
88,513,090
168,020,862 15%
Proyeksi Harga Pokok Produksi Tabel-10
Studi Kelayakan Pengembangan Usaha
Perdagangan/Eksportir Kopi
PT. UNTUNG MELULU MEDAN
2011 2012 2013 2014 2015
Uraian
(Rp.-) (Rp.-) (Rp.-) (Rp.-) (Rp.-)
A. Pembelian Bahan/Kopi
1. Januari 14,809,910,686 16,204,510,609 17,625,521,539 19,073,332,237 20,548,336,596
2. Pebruari 14,069,415,151 15,394,285,078 17,940,262,995 19,327,643,333 20,740,977,252
3. Maret 18,049,578,648 17,014,736,139 19,639,866,858 21,076,032,122 22,538,956,704
4. April 18,234,702,532 17,189,246,253 21,081,382,726 22,544,678,704 20,240,111,547
5. Mei 22,548,089,019 21,508,371,581 20,445,604,985 24,521,947,479 26,070,702,057
6. Juni 22,770,237,679 21,720,276,720 21,937,479,487 20,853,509,912 22,378,422,825
7. Juli 25,547,095,933 23,222,310,203 23,454,533,305 25,005,138,562 26,584,410,472
8. Agustus 25,793,927,778 28,657,053,761 26,312,385,726 26,575,509,583 24,157,138,211
9. September 31,100,812,440 34,029,472,278 29,082,110,539 29,372,931,645 28,318,176,372
10. Oktober 25,300,264,088 30,663,920,075 33,551,439,215 33,886,953,607 32,909,445,330
11. Nopember 22,214,866,029 26,176,517,137 30,215,179,781 29,245,776,096 30,822,504,895
12. Desember 18,142,140,590 21,988,274,395 24,675,730,155 24,922,487,456 26,430,297,947
Jumlah-A 258,581,040,573 273,768,974,229 285,961,497,311 296,405,940,737 301,739,480,208
B. Biaya Tenaga Kerja Langsung
1. Biaya TK Borongan 828,444,203 877,103,438 916,165,950 949,627,949 966,715,590
2. Biaya TK Harian 649,278,159 687,413,954 718,028,492 744,253,728 757,645,858
3. Biaya Lembur TK Harian 146,980,971 155,613,998 162,544,394 168,481,157 171,512,813
Jumlah-B 1,624,703,333 1,720,131,390 1,796,738,836 1,862,362,835 1,895,874,261
C. Biaya Overhead Pabrik
1. Biaya Bhn. Penolong 342,962,646 363,106,790 379,278,045 393,130,778 400,204,788
2. Biaya Listrik & Telepon 165,526,904 175,249,239 183,054,106 189,739,965 193,154,153
3. Biaya Kesejahteraan TK 112,332,518 118,930,445 124,227,108 128,764,373 131,081,364
4. Biaya Uang Makan TK 201,995,206 213,859,532 223,383,939 231,542,803 235,709,193
5. Biaya BBM & Parkir 276,863,898 293,125,688 306,180,278 317,363,191 323,073,836
6. Bi. Pemeliharaan Ak. Tetap 126,036,760 133,439,615 139,382,457 144,473,255 147,072,912
7. Biaya Penyusutan 731,150,939 731,150,939 731,150,939 731,150,939 731,150,939
8. Biaya Serba-serbi Gudang 51,397,446 54,416,310 56,839,785 58,915,798 59,975,931
Jumlah-C 2,008,266,316 2,083,278,559 2,143,496,658 2,195,081,102 2,221,423,116
D. Biaya Operasional Produksi
1. Biaya Ekspor 480,080,619 508,278,481 530,915,075 550,306,191 560,208,421
2. Biaya Entertaint 65,079,102 68,901,568 71,970,155 74,598,789 75,941,122
3. Biaya Bongkar Muat 147,963,309 156,654,035 163,630,749 169,607,191 172,659,109
4. Biaya Charge 83,903,382 88,831,505 92,787,688 96,176,661 97,907,267
Jumlah-D 777,026,413 822,665,589 859,303,667 890,688,831 906,715,919
Harga Pokok Produksi 262,991,036,635 278,395,049,767 290,761,036,471 301,354,073,505 306,763,493,504
Proyeksi Biaya Usaha Tabel-11
Studi Kelayakan Pengembangan Usaha
Perdagangan/Eksportir Kopi
PT. UNTUNG MELULU MEDAN
2011 2012 2013 2014 2015
Uraian
(Rp.-) (Rp.-) (Rp.-) (Rp.-) (Rp.-)
A. Biaya Penjualan
1. Biaya Komisi Penjualan 359,515,643 380,632,039 397,583,795 412,105,126 419,520,561
2. Biaya Freight 9,006,724,047 9,535,740,122 9,960,422,035 10,324,215,991 10,509,990,316
3. Biaya Pos, DHL, Fedex, dll 75,390,625 79,818,745 83,373,537 86,418,668 87,973,689
4. Biaya EMKL 1,582,199,735 1,675,131,315 1,749,734,645 1,813,641,866 1,846,276,605
5. Biaya Dokumen 295,920,190 313,301,264 327,254,390 339,207,013 345,310,716
6. Biaya Bongkar Muat 82,614,403 87,466,817 91,362,222 94,699,131 96,403,151
7. Biaya Pengangkutan 266,910,372 282,587,535 295,172,799 305,953,676 311,459,018
Jumlah-A 11,669,275,015 12,354,677,837 12,904,903,424 13,376,241,471 13,616,934,056
B. Biaya Adm. & Umum
1. Biaya Gaji & THR Karyawan 3,923,959,733 4,154,436,183 4,339,457,364 4,497,951,488 4,578,887,794
2. Biaya Iklan 61,286,293 64,885,985 67,775,735 70,251,173 71,515,275
3. Biaya Asuransi 147,314,969 155,967,614 162,913,758 168,864,012 171,902,557
4. Biaya Tunjangan Pulsa 16,070,186 17,014,079 17,771,815 18,420,912 18,752,379
5. Biaya BBM & Transportasi 32,644,811 34,562,226 36,101,483 37,420,052 38,093,390
6. Biaya Fotocopy, Jilid & Ctk. 16,444,242 17,410,106 18,185,479 18,849,684 19,188,866
7. Biaya Internet, Indovision 127,411,182 134,894,765 140,902,413 146,048,725 148,676,732
8. Biaya Listrik, Air & Telepon 95,986,414 101,624,241 106,150,159 110,027,182 112,007,015
9. Biaya Koran dan Majalah 15,349,389 16,250,945 16,974,694 17,594,677 17,911,276
10. Biaya ATK 36,862,773 39,027,933 40,766,074 42,255,012 43,015,350
11. Biaya Pantry 49,286,916 52,181,817 54,505,776 56,496,542 57,513,143
12. Biaya BGR 313,468,835 331,880,640 346,661,213 359,322,650 365,788,315
13. Biaya Entertaint 75,115,717 79,527,690 83,069,520 86,103,547 87,652,897
14. Biaya Retribusi 51,054,757 54,053,492 56,460,809 58,522,980 59,576,045
15. Biaya Servis Kendaraan 78,225,405 82,820,027 86,508,484 89,668,116 91,281,607
16. Biaya Tunjangan Karyawan 977,236,123 1,034,634,753 1,080,713,050 1,120,184,959 1,140,341,609
17. Biaya Penyusutan 254,095,081 254,095,081 254,095,081 254,095,081 254,095,081
18. Biaya Lain-lain 712,619,260 754,475,438 788,076,613 816,860,284 831,558,898
Jumlah-B 6,984,432,085 7,379,743,016 7,697,089,520 7,968,937,077 8,107,758,229
Jumlah Biaya Usaha 18,653,707,100 19,734,420,853 20,601,992,944 21,345,178,548 21,724,692,285
Proyeksi Persediaan Tabel-12
Studi Kelayakan Pengembangan Usaha
Perdagangan/Eksportir Kopi
PT. UNTUNG MELULU MEDAN
2011 2012 2013 2014 2015
Uraian
(Rp.-) (Rp.-) (Rp.-) (Rp.-) (Rp.-)
A. Persediaan Bahan Baku
1. Pers. Kopi 4,742,258,606 5,020,798,397 5,244,403,722 5,435,950,061 5,533,764,748
2. Lain-Lain 1,053,661,809 1,115,549,353 1,165,231,248 1,207,790,096 1,229,523,115
Jumlah Pers. BB 5,795,920,415 6,136,347,751 6,409,634,970 6,643,740,157 6,763,287,863
B. Persediaan Bahan Dalam Proses
1. Asalan 4,347,094,864 4,602,424,443 4,807,397,145 4,982,982,278 5,072,646,245
2. Proses Kopi Robusta 3,059,535,425 3,239,239,324 3,383,501,471 3,507,080,310 3,570,186,843
Jumlah Pers. WIP 7,406,630,289 7,841,663,767 8,190,898,616 8,490,062,588 8,642,833,088
C. Persediaan Barang Jadi
1. Asalam DP 3,730,921,354 3,950,059,563 4,125,978,666 4,276,675,704 4,353,630,365
2. Pangkal 452,033,709 478,584,217 499,898,353 518,156,615 527,480,345
3. Pixel 412,751,526 436,994,769 456,456,685 473,128,286 481,641,774
4. Special Cofindo Luwak 212,702,214 225,195,424 235,224,684 243,816,019 248,203,253
5. Special Cofindo Lasuna 1,479,038,702 1,565,911,049 1,635,650,166 1,695,390,571 1,725,897,492
Jumlah Pers. Barang Jadi 6,287,447,506 6,656,745,021 6,953,208,554 7,207,167,195 7,336,853,229
Jumlah Persediaan ### ### ### ### ###
Perkiraan Modal Kerja Awal Tabel-13
Studi Kelayakan Pengembangan Usaha
Perdagangan/Eksportir Kopi
PT. UNTUNG MELULU MEDAN
2011
Uraian
(Rp.-)
A. Aktiva Lancar
1. Kas & Setara Kas 4,660,449,823
2. Piutang Usaha 35,495,300,001
3. Piutang Lainnya 2,715,446,393
4. Persediaan 19,489,998,210
5. Panjar Pembelian 2,656,408,337
Jumlah Aktiva Lancar 65,017,602,764
B. Passiva Lancar
1. Hutang Usaha 1,997,133,777
2. Hutang Bank 7,103,346,333
3. Hutang Pajak 8,421,159,657
4. Kewajiban Lancar Lainnya 251,058,515
Jumlah Passiva Lancar 17,772,698,282
Modal Kerja Bersih 47,244,904,482
Rencana Penarikan KMK, Bunga & Rencana Pencicilan KMK Tabel-14
Studi Kelayakan Pengembangan Usaha
Perdagangan/Eksportir Kopi
PT. UNTUNG MELULU MEDAN
Tambahan Penarikan Saldo Awal Pencicilan Bunga 12,5% Saldo Akhir
Tahun KMK KMK KMK KMK 12.50% KMK
(Rp.-) (Rp.-) (Rp.-) (Rp.-) (Rp.-) (Rp.-)
1 11/12-1 65,017,602,764 42,261,441,797 42,261,441,797 - 1,320,670,056 42,261,441,797
11/12-2 - - 42,261,441,797 - 1,320,670,056 42,261,441,797
11/12-2 - - 42,261,441,797 2,347,857,878 1,320,670,056 39,913,583,919
11/12-2 - - 39,913,583,919 2,347,857,878 1,247,299,497 37,565,726,041
Jumlah Tahun-1 65,017,602,764 42,261,441,797 - 4,695,715,755 5,209,309,666 -
2 12/13-1 - - 37,565,726,041 2,347,857,878 1,173,928,939 35,217,868,164
12/13-2 - - 35,217,868,164 2,347,857,878 1,100,558,380 32,870,010,286
12/13-2 - - 32,870,010,286 2,347,857,878 1,027,187,821 30,522,152,409
12/13-2 - - 30,522,152,409 2,347,857,878 953,817,263 28,174,294,531
Jumlah Tahun-2 - - - 9,391,431,510 4,255,492,403 -
3 13/14-1 - - 28,174,294,531 2,347,857,878 880,446,704 25,826,436,653
13/14-2 - - 25,826,436,653 2,347,857,878 807,076,145 23,478,578,776
13/14-2 - - 23,478,578,776 2,347,857,878 733,705,587 21,130,720,898
13/14-2 - - 21,130,720,898 2,347,857,878 660,335,028 18,782,863,021
Jumlah Tahun-3 - - - 9,391,431,510 3,081,563,464 -
4 14/15-1 - - 18,782,863,021 2,347,857,878 586,964,469 16,435,005,143
14/15-2 - - 16,435,005,143 2,347,857,878 513,593,911 14,087,147,266
14/15-2 - - 14,087,147,266 2,347,857,878 440,223,352 11,739,289,388
14/15-2 - - 11,739,289,388 2,347,857,878 366,852,793 9,391,431,510
Jumlah Tahun-4 - - - 9,391,431,510 1,907,634,526 -
5 15/16-1 - - 9,391,431,510 2,347,857,878 293,482,235 7,043,573,633
15/16-2 - - 7,043,573,633 2,347,857,878 220,111,676 4,695,715,755
15/16-2 - - 4,695,715,755 2,347,857,878 146,741,117 2,347,857,878
15/16-2 - - 2,347,857,878 2,347,857,878 73,370,559 -
Jumlah Tahun-5 - - - 9,391,431,510 733,705,587 -
Jml Tahun-1 s/d 5 65,017,602,764 42,261,441,797 42,261,441,797 15,187,705,646
Proyeksi Laba (Rugi) Tabel-15
Studi Kelayakan Pengembangan Usaha
Perdagangan/Eksportir Kopi
PT. UNTUNG MELULU MEDAN
2011 2012 2013 2014 2015
Uraian
(Rp.-) (Rp.-) (Rp.-) (Rp.-) (Rp.-)
A. Penjualan
1. Total Penjualan 316,794,240,000 335,401,365,600 350,338,737,168 363,134,491,683 369,668,747,170
2. Potongan Penjualan 496,463,098 525,623,197 549,032,252 569,085,078 579,325,216
Penjualan Bersih 316,297,776,902 334,875,742,403 349,789,704,916 362,565,406,604 369,089,421,954
B. Harga Pokok Penjualan
1. Pers. Brg. Jadi Awal 2,198,416,000 6,287,447,506 6,656,745,021 6,953,208,554 7,207,167,195
2. Harga Pokok Produksi 262,991,036,635 278,395,049,767 290,761,036,471 301,354,073,505 306,763,493,504
Tersedia Utk. Dijual 265,189,452,635 284,682,497,273 297,417,781,492 308,307,282,059 313,970,660,699
3. Pers. Brg. Jadi Akhir 6,287,447,506 6,656,745,021 6,953,208,554 7,207,167,195 7,336,853,229
Harga Pokok Penjualan 258,902,005,129 278,025,752,252 290,464,572,938 301,100,114,864 306,633,807,470
Laba (Rugi) Kotor 57,395,771,773 56,849,990,151 59,325,131,978 61,465,291,741 62,455,614,484
C. Biaya Usaha
1. Biaya Penjualan 11,669,275,015 12,354,677,837 12,904,903,424 13,376,241,471 13,616,934,056
2. Biaya Adm. & Umum 6,984,432,085 7,379,743,016 7,697,089,520 7,968,937,077 8,107,758,229
Biaya Usaha 18,653,707,100 19,734,420,853 20,601,992,944 21,345,178,548 21,724,692,285
Laba (Rugi) Operasional 38,742,064,673 37,115,569,299 38,723,139,034 40,120,113,193 40,730,922,199
D. Pendapatan (Biaya) Lain-lain 51,497,318 54,522,048 56,950,232 59,030,279 60,092,472
E. Biaya Bunga Bank 5,209,309,666 4,255,492,403 3,081,563,464 1,907,634,526 733,705,587
Laba (Rugi) Seb. Taksiran Pajak 33,584,252,325 32,914,598,944 35,698,525,801 38,271,508,946 40,057,309,084
Taksiran Pajak 10,051,525,698 9,850,629,683 10,685,807,740 11,457,702,684 11,993,442,725
Laba (Rugi) Bersih 23,532,726,628 23,063,969,261 25,012,718,061 26,813,806,262 28,063,866,359
Kumulatif Laba (Rugi) Bersih 23,532,726,628 46,596,695,888 71,609,413,949 98,423,220,212 126,487,086,571
Proyeksi Arus Kas Tabel-16
Studi Kelayakan Pengembangan Usaha
Perdagangan/Eksportir Kopi
PT. UNTUNG MELULU MEDAN
2011 2012 2013 2014 2015
Uraian
(Rp.-) (Rp.-) (Rp.-) (Rp.-) (Rp.-)
1. Saldo Kas Awal 2,514,003,904 38,596,533,005 49,827,089,046 64,678,774,935 81,639,605,750
2. Kas Masuk
a. Penerimaan Penjualan Tunai 280,858,103,249 297,354,495,364 310,597,418,739 321,941,663,327 327,734,693,536
b. Penerimaan Piutang Dagang 16,609,026,510 35,439,673,653 37,521,247,039 39,192,286,177 40,623,743,277
c. Penerimaan Piutang Lain-Lain 871,987,000 - - - -
d. Penerimaan Lain-Lain 51,497,318 54,522,048 56,950,232 59,030,279 60,092,472
e. Penarikan KMK 42,261,441,797 - - - -
f. Penarikan KI - - - - -
Jumlah Kas Masuk 340,652,055,873 332,848,691,065 348,175,616,011 361,192,979,784 368,418,529,286
Kas Tersedia Untuk Digunakan 343,166,059,777 371,445,224,070 398,002,705,057 425,871,754,718 450,058,135,035
3. Kas Keluar
a. Pembelian/Investasi - - - - -
b. Biaya-Biaya Produksi (excl. Depr.) 268,417,271,399 278,439,359,642 290,652,407,601 301,156,191,725 306,304,660,772
c. Biaya Usaha (excl. Depr.&Amort) 18,399,612,019 19,480,325,772 20,347,897,863 21,091,083,467 21,470,597,204
d. Bunga KMK 5,209,309,666 4,255,492,403 3,081,563,464 1,907,634,526 733,705,587
e. Cicilan KMK 4,695,715,755 9,391,431,510 9,391,431,510 9,391,431,510 9,391,431,510
f. Pembayaran Hutang Lainnya 7,103,346,333 - - - -
g. Pembayaran PPh Terhutang 142,846,000 10,051,525,698 9,850,629,683 10,685,807,740 11,457,702,684
h. Pembayaran Hutang & Htg Dagang 601,425,600 - - - -
Jumlah Kas Keluar 304,569,526,772 321,618,135,024 333,323,930,122 344,232,148,968 349,358,097,757
4. Saldo Kas Akhir 38,596,533,005 49,827,089,046 64,678,774,935 81,639,605,750 100,700,037,279
Proyeksi Neraca Tabel-17
Studi Kelayakan Pengembangan Usaha
Perdagangan/Eksportir Kopi
PT. UNTUNG MELULU MEDAN
2011 2012 2013 2014 2015
Uraian
(Rp.-) (Rp.-) (Rp.-) (Rp.-) (Rp.-)
A. AKTIVA
1. Aktiva Lancar
a. Kas & Setara Kas 38,596,533,005 49,827,089,046 64,678,774,935 81,639,605,750 ###
b. Piutang Usaha 35,439,673,653 37,521,247,039 39,192,286,177 40,623,743,277 41,354,728,418
c. Piutang Lainnya - - - - -
d. Persediaan 19,489,998,210 20,634,756,539 21,553,742,140 22,340,969,940 22,742,974,180
e. Panjar Pembelian - - - - -
Jumlah Aktiva Lancar 93,526,204,868 ### ### ### ###
2. Aktiva Tidak Lancar
a. Aktiva Tetap (Nilai Perolehan) 38,823,385,044 38,823,385,044 38,823,385,044 38,823,385,044 38,823,385,044
b. Akumulasi Penyusutan 3,223,355,681 4,208,601,701 5,193,847,720 6,179,093,740 7,164,339,760
Jumlah Aktiva Tidak Lancar 35,600,029,363 34,614,783,343 33,629,537,324 32,644,291,304 31,659,045,284
Jumlah Aktiva ### ### ### ### ###
B. PASSIVA
1. Passiva Lancar
a. Hutang Usaha - - - - -
b. Hutang Bank 37,565,726,041 28,174,294,531 18,782,863,021 9,391,431,510 -
c. Hutang Pajak 10,051,525,698 9,850,629,683 10,685,807,740 11,457,702,684 11,993,442,725
d. Kewajiban Lancar Lainnya - - - - -
Jumlah Passiva Lancar 47,617,251,739 38,024,924,214 29,468,670,761 20,849,134,194 11,993,442,725
2. Hutang Jangka Panjang
a. Hutang Pada Pesero - - - - -
b. Hutang Bank - - - - -
Jumlah Hutang Jk. Panjang - - - - -
Jumlah Hutang 47,617,251,739 38,024,924,214 29,468,670,761 20,849,134,194 11,993,442,725
3. M o d a l
a. Modal Disetor 18,800,000,000 18,800,000,000 18,800,000,000 18,800,000,000 18,800,000,000
b. Laba Ditahan 39,176,255,865 62,708,982,492 85,772,951,753 ### ###
c. Laba Periode Berjalan 23,532,726,628 23,063,969,261 25,012,718,061 26,813,806,262 28,063,866,359
Jumlah Modal 81,508,982,492 ### ### ### ###
Jumlah Passiva ### ### ### ### ###
Analisa Kelayakan Usaha Tabel-18
Studi Kelayakan Pengembangan Usaha
Perdagangan/Eksportir Kopi
PT. UNTUNG MELULU MEDAN
Uraian Tahun-I Tahun-II Tahun-III Tahun-IV Tahun-V
1. Laba Bersih Setelah Pajak (Rp.-) 23,532,726,628 23,063,969,261 25,012,718,061 26,813,806,262 28,063,866,359
2. Penyusutan & Amortisasi (Rp.-) 985,246,020 985,246,020 985,246,020 985,246,020 985,246,020
3. Manfaat Bunga (1-t) (Rp.-) 1,545,292,900 1,259,147,721 906,969,039 554,790,358 202,611,676
Total Cash Proceed (Rp.-) 26,063,265,547 25,308,363,001 26,904,933,120 28,353,842,640 29,251,724,055
4. Cash Outlay (Rp.-) - - - - -
5. Increase/Decrease in NWC (Rp.-) 52,998,560,663 12,818,659,239 11,146,278,192 10,838,221,467 9,988,680,850
Total Cash Outlay (Rp.-) 52,998,560,663 12,818,659,239 11,146,278,192 10,838,221,467 9,988,680,850
6. Net Cash Proceed (Rp.-) (26,935,295,116) 12,489,703,762 15,758,654,928 17,515,621,173 19,263,043,205
7. Kumulatif Net Cash Proceed (Rp.-) (26,935,295,116) (14,445,591,354) 1,313,063,574 18,828,684,747 38,091,727,952

Discount Factor 12.50% - 2.0000 - -

PV of Benefit 95,994,065,970 - 11.0000 - -
PV of Cash Outlays 77,375,799,030
Net Present Value (NPV) (Rp.-) 18,618,266,940 PROYEK LAYAK
Internal Rate Of Return (IRR) 43.24% PROYEK LAYAK
Payback Period 2 Tahun 11 Bulan
Benefit Cost Ratio (BCR) 1.24 PROYEK LAYAK
Analisa Rasio Keuangan Tabel-19
Studi Kelayakan Pengembangan Usaha
Perdagangan/Eksportir Kopi
PT. UNTUNG MELULU MEDAN
Uraian Tahun-I Tahun-II Tahun-III Tahun-IV Tahun-V
1. Aktiva Lancar (Rp.-) 93,526,204,868 107,983,092,624 125,424,803,251 144,604,318,967 164,797,739,876
2. Passiva Lancar (Rp.-) 47,617,251,739 38,024,924,214 29,468,670,761 20,849,134,194 11,993,442,725
3. Kas & Bank (Rp.-) 38,596,533,005 49,827,089,046 64,678,774,935 81,639,605,750 100,700,037,279
4. Piutang (Rp.-) 35,439,673,653 37,521,247,039 39,192,286,177 40,623,743,277 41,354,728,418
5. Total Hutang (Rp.-) 47,617,251,739 38,024,924,214 29,468,670,761 20,849,134,194 11,993,442,725
6. Modal (Rp.-) 81,508,982,492 104,572,951,753 129,585,669,814 156,399,476,076 184,463,342,435
7. Equity (Rp.-) 18,800,000,000 18,800,000,000 18,800,000,000 18,800,000,000 18,800,000,000
8. Laba Bersih (Rp.-) 23,532,726,628 23,063,969,261 25,012,718,061 26,813,806,262 28,063,866,359
9. Bunga (Rp.-) 5,209,309,666 4,255,492,403 3,081,563,464 1,907,634,526 733,705,587
10. Dep. & Amortisasi (Rp.-) 985,246,020 985,246,020 985,246,020 985,246,020 985,246,020
11. Cicilan Hutang (Rp.-) 4,695,715,755 9,391,431,510 9,391,431,510 9,391,431,510 9,391,431,510
12. Total Aktiva (Rp.-) 129,126,234,231 142,597,875,967 159,054,340,575 177,248,610,270 196,456,785,160
13. Penjualan Bersih (Rp.-) 316,297,776,902 334,875,742,403 349,789,704,916 362,565,406,604 369,089,421,954
14. Laba Seb. Bunga & Pajak (Rp.-) 38,793,561,991 37,170,091,347 38,780,089,265 40,179,143,472 40,791,014,671
15. Hutang Jangka Panjang (Rp.-) - - - - -
Rasio Liquiditas
a. Currrent Ratio 196.4% 284.0% 425.6% 693.6% 1374.1%
b. Quick or Acid Test Ratio 155.5% 229.7% 352.5% 586.4% 1184.4%
c. Cash Ratio 81.1% 131.0% 219.5% 391.6% 839.6%
Rasio Solvabilitas
a. Total Debt to Equity Ratio 58.4% 36.4% 22.7% 13.3% 6.5%
b. Total Asset to Total Equity 158.4% 136.4% 122.7% 113.3% 106.5%
c. Debt Service Ratio 300.1% 207.4% 233.1% 262.9% 294.1%
d. Longterm Debt to Equity 0.0% 0.0% 0.0% 0.0% 0.0%
Rasio Profitabilitas
a. Net Profit Margin on Sales 7.4% 6.9% 7.2% 7.4% 7.6%
b. Rate of Return on Total Assets 18.2% 16.2% 15.7% 15.1% 14.3%
c. Assets Turnover 245.0% 234.8% 219.9% 204.6% 187.9%
d. Return on Investment 60.6% 59.4% 64.4% 69.1% 72.3%
Analisa Sensitifitas - Penjualan Turun 2% Tabel-20
Studi Kelayakan Pengembangan Usaha
Perdagangan/Eksportir Kopi
PT. UNTUNG MELULU MEDAN
Uraian Tahun-I Tahun-II Tahun-III Tahun-IV Tahun-V
1. Laba Bersih Setelah Pajak (Rp.-) 19,103,836,789 18,374,945,558 20,114,864,889 21,737,064,146 22,895,773,157
2. Penyusutan & Amortisasi (Rp.-) 985,246,020 985,246,020 985,246,020 985,246,020 985,246,020
3. Manfaat Bunga (1-t) (Rp.-) 1,545,292,900 1,259,147,721 906,969,039 554,790,358 202,611,676
Total Cash Proceed (Rp.-) 21,634,375,708 20,619,339,299 22,007,079,948 23,277,100,523 24,083,630,853
4. Cash Outlay (Rp.-) - - - - -
5. Increase/Decrease in NWC (Rp.-) 52,998,560,663 12,818,659,239 11,146,278,192 10,838,221,467 9,988,680,850
Total Cash Outlay (Rp.-) 52,998,560,663 12,818,659,239 11,146,278,192 10,838,221,467 9,988,680,850
6. Net Cash Proceed (Rp.-) (31,364,184,955) 7,800,680,060 10,860,801,756 12,438,879,056 14,094,950,003
7. Kumulatif Net Cash Procee (Rp.-) (31,364,184,955) (23,563,504,895) (12,702,703,139) (263,824,083) 13,831,125,920

Discount Factor 12.50% - - - 4.0000

PV of Benefit 78,875,138,877 - - - -
PV of Cash Outlays 77,375,799,030
Net Present Value (NPV) (Rp.-) 1,499,339,847 PROYEK LAYAK
Internal Rate Of Return (IRR) 14.81% PROYEK LAYAK
Payback Period 4 Tahun 0 Bulan
Benefit Cost Ratio (BCR) 1.02 PROYEK LAYAK
Analisa Sensitifitas - HPP Naik 2% Tabel-21
Studi Kelayakan Pengembangan Usaha
Perdagangan/Eksportir Kopi
PT. UNTUNG MELULU MEDAN
Uraian Tahun-I Tahun-II Tahun-III Tahun-IV Tahun-V
1. Laba Bersih Setelah Pajak (Rp.-) 19,850,852,115 19,166,438,564 20,942,063,550 22,594,849,233 23,769,177,450
2. Penyusutan & Amortisasi (Rp.-) 985,246,020 985,246,020 985,246,020 985,246,020 985,246,020
3. Manfaat Bunga (1-t) (Rp.-) 1,545,292,900 1,259,147,721 906,969,039 554,790,358 202,611,676
Total Cash Proceed (Rp.-) 22,381,391,034 21,410,832,305 22,834,278,609 24,134,885,611 24,957,035,146
4. Cash Outlay (Rp.-) - - - - -
5. Increase/Decrease in NWC (Rp.-) 52,998,560,663 12,818,659,239 11,146,278,192 10,838,221,467 9,988,680,850
Total Cash Outlay (Rp.-) 52,998,560,663 12,818,659,239 11,146,278,192 10,838,221,467 9,988,680,850
6. Net Cash Proceed (Rp.-) (30,617,169,628) 8,592,173,065 11,688,000,417 13,296,664,144 14,968,354,296
7. Kumulatif Net Cash Proceed (Rp.-) (30,617,169,628) (22,024,996,563) (10,336,996,146) 2,959,667,998 17,928,022,294

Discount Factor 12.50% - - 3.0000 -

PV of Benefit 82,241,042,534 - - 9.0000 -
PV of Cash Outlays 81,217,021,331
Net Present Value (NPV) (Rp.-) 4,389,887,059 PROYEK LAYAK
Internal Rate Of Return (IRR) 19.33% PROYEK LAYAK
Payback Period 3 Tahun 9 Bulan
Benefit Cost Ratio (BCR) 1.01 PROYEK LAYAK