Diketahui :

Modal sendiri Rp 55,000,000

pinjaman Bank An Rp 15,000,000
Bunga i 12%
Umur ekonomis n 5 tahun

R= AN/ {1-(1+i)^-n}
R = Rp. 15.000.000 x (1-(1+0.12)^-5/0.12)) Rp 15,000,000 0.2774097319
R = Rp. 4.161.145,98 Rp 4,161,145.98

Jadwal pengembalian kredit

BOLU GULUNG
Tahun Cicilan Bunga 12 % P. Pokok pinjaman Jumlah P.P.P Sisa Kredit
0 Rp 15,000,000
1 Rp 4,161,145.98 Rp 1,800,000.00 Rp 2,361,145.98 Rp 2,361,145.98 Rp 12,638,854.02
2 Rp 4,161,145.98 Rp 1,516,662.48 Rp 2,644,483.50 Rp 2,644,483.50 Rp 9,994,370.53
3 Rp 4,161,145.98 Rp 1,199,324.46 Rp 2,961,821.52 Rp 2,961,821.52 Rp 7,032,549.01
4 Rp 4,161,145.98 Rp 843,905.88 Rp 3,317,240.10 Rp 3,317,240.10 Rp 3,715,308.91
5 Rp 4,161,145.98 Rp 445,837.07 Rp 3,715,308.91 Rp 3,715,308.91 Rp 0.00

rekapitulasi biaya operasi dan biaya pemeliharaan

BOLU GULUNG (dalam ribuan)

tahun
jenis biaya
1 2 3 4
biaya tidak tetap Rp 205,560,000 Rp 209,671,200 Rp 213,782,400 Rp 217,893,600
biaya bahan baku 205,560,000 Rp 209,671,200 Rp 213,782,400 Rp 217,893,600

biaya tetap Rp 21,789,750 Rp 22,641,750 Rp 23,493,750 Rp 24,345,750

biaya gaji Rp 14,400,000 Rp 15,120,000 Rp 15,840,000 Rp 16,560,000
biaya air Rp 1,800,000 Rp 1,836,000 Rp 1,872,000 Rp 1,908,000
biaya listrik Rp 4,800,000 Rp 4,896,000 Rp 4,992,000 Rp 5,088,000
biaya depresiasi 789,750 789,750 789,750 789,750

total biaya Rp 227,349,750 Rp 232,312,950 Rp 237,276,150 Rp 242,239,350

PERSIAPAN PERHITUNGAN NET PRESENT VALUE

TAHUN
URAIAN
0 1 2 3 4
1.PENDAPATAN
HASIL USAHA 401,040,000 Rp 409,060,800 Rp 417,081,600 Rp 425,102,400
SALVAGE VALUE Rp - Rp - Rp - Rp -
GROSS BENEFIT Rp 401,040,000 Rp 409,060,800 Rp 417,081,600 Rp 425,102,400
2. INVESTASI AWAL Rp 55,000,000
3. OPERATING COST Rp 227,349,750 Rp 232,312,950 Rp 237,276,150 Rp 242,239,350
KREDIT BANK Rp - Rp - Rp - Rp -
POKOK PINJAMAN Rp 2,361,145.98 Rp 2,644,483.50 Rp 2,961,821.52 Rp 3,317,240.10
BUNGA BANK Rp 1,800,000.00 Rp 1,516,662.48 Rp 1,199,324.46 Rp 843,905.88
TOTAL COST Rp 55,000,000 Rp 231,510,896 Rp 236,474,096 Rp 241,437,296 Rp 246,400,496
4. NET BENEFIT Rp (55,000,000) Rp 169,529,104 Rp 172,586,704 Rp 175,644,304 Rp 178,701,904
5. PAJAK 2% Rp 3,390,582 Rp 3,451,734 Rp 3,512,886 Rp 3,574,038
6. NET BENEFIT Rp (55,000,000) Rp 166,138,522 Rp 169,134,970 Rp 172,131,418 Rp 175,127,866
7.DF 12% 1 0.892857142857143 0.79719387755102 0.711780247813411 0.635518078404831
PV Rp (55,000,000) Rp 148,337,966 Rp 134,833,363 Rp 122,519,743 Rp 111,296,925
NVP

TABEL 1 : PERSIAPAN PERHITUNGAN NET PRESENT VALUE

TAHUN NET BENEFIT D.F 12% PRESENT VALUE

0 Rp (55,000,000) 1 Rp (55,000,000)
1 Rp 166,138,522 0.892857142857143 Rp 148,337,966
2 Rp 169,134,970 0.79719387755102 Rp 134,833,363
3 Rp 172,131,418 0.711780247813411 Rp 122,519,743
4 Rp 175,127,866 0.635518078404831 Rp 111,296,925
5 Rp 181,083,914 0.567426855718599 Rp 102,751,876
NPV Rp 564,739,873

TABEL 2 : PERSIAPAN PERHITUNGAN IRR DAN NET B/C

TAHUN NET BENEFIT D.F 12% PRESENT VALUE D.F 20% PRESENT VALUE
0 Rp (55,000,000) 1 Rp (55,000,000) 1 Rp (55,000,000)
 1 Rp 166,138,522 0.892857142857143 Rp 148,337,966 0.833333333333333 Rp 138,448,768
2 Rp 169,134,970 0.79719387755102 Rp 134,833,363 0.694444444444444 Rp 117,454,840
3 Rp 172,131,418 0.711780247813411 Rp 122,519,743 0.578703703703704 Rp 99,613,089
4 Rp 175,127,866 0.635518078404831 Rp 111,296,925 0.482253086419753 Rp 84,455,954
5 Rp 181,083,914 0.567426855718599 Rp 102,751,876 0.401877572016461 Rp 72,773,564
NPV Rp 564,739,873 Rp 457,746,215

IRR = 0,12 + Rp. 564.739.873 (0,2-0,12) NET B/C = Rp 619,739,873

Rp. 564.739.873 - Rp. 457.746.215 Rp 50,000,000
IRR = 0,12 + 5,2783 * 0,08 NET B/C = 12.3947974520197
IRR = 0,12 + 0,42 NET B/C = 12.39
IRR = 0.54

TABEL 3 : PERSIAPAN GROSS BENEFIT COST RATIO DAN BEP

TAHUN GROSS BENEFIT TOTAL COST DF 12% B C

0 Rp - Rp 55,000,000 1 Rp - Rp 55,000,000
1 Rp 401,040,000 Rp 231,510,896 0.892857142857143 Rp 358,071,429 Rp 206,706,157
2 Rp 409,060,800 Rp 236,474,096 0.79719387755102 Rp 326,100,765 Rp 188,515,702
3 Rp 417,081,600 Rp 241,437,296 0.711780247813411 Rp 296,870,445 Rp 171,850,298
4 Rp 425,102,400 Rp 246,400,496 0.635518078404831 Rp 270,160,260 Rp 156,591,970
5 Rp 436,143,200 Rp 251,363,696 0.567426855718599 Rp 247,479,365 Rp 142,630,512
Rp 1,498,682,263 Rp 921,294,638

GROSS B/C = Rp 1,498,682,263 BEP = 2+ Rp. 921.294.638 - Rp. 358.071.429

Rp 921,294,638 326,100,765
GROSS B/C = 1.62671332389663 BEP = 2+ Rp. 203.450.541
GROSS B/C = 1.63 Rp. 326.100.765
 BEP = 2 + 1,7271
BEP = 3.73
BEP = 3 Tahun 7 Bulan 3 Hari

Tabel 3 : Persiapan Profitability Ratio dan Pay Back Period

Tahun Investasi Operating Cost Gross Benefit DF 12% I

0 Rp 55,000,000 1 Rp 55,000,000
1 Rp 227,349,750 Rp 401,040,000 0.8929 Rp -
2 Rp 232,312,950 Rp 409,060,800 0.7972 Rp -
3 Rp 237,276,150 Rp 417,081,600 0.7118 Rp -
4 Rp 242,239,350 Rp 425,102,400 0.6355 Rp -
5 Rp 247,202,550 Rp 436,143,200 0.5674 Rp -
Rp 55,000,000

PR = Rp. 1.498.682.263 - Rp. 851.294.683 PBP = 2 + Rp. 55.000.000 - Rp. 358.071.429

55,000,000 Rp 326,100,765
PR = Rp 647,387,625 PBP = 2 + (Rp. 303.071.429)
Rp 55,000,000 Rp 326,100,765
PR = 11.7706840927423 PBP = 2 - 0,9293
PR = 11.77 PBP = 1.07
PBP = 1 tahun 7 bulan
 kenaikan pertahun
5 5% 2%
Rp 222,004,800
Rp 222,004,800 Rp 205,560,000 Rp 4,111,200

Rp 25,197,750
Rp 17,280,000 Rp 14,400,000 Rp 720,000
Rp 1,944,000 Rp 1,800,000 Rp 36,000
Rp 5,184,000 Rp 4,800,000 Rp 96,000
789,750

Rp 247,202,550

5 2%

Rp 433,123,200 401,040,000 8020800

Rp 3,020,000
Rp 436,143,200

Rp 247,202,550
Rp -
Rp 3,715,308.91
Rp 445,837.07
Rp 251,363,696
Rp 184,779,504
Rp 3,695,590
Rp 181,083,914
0.567426855718599
Rp 102,751,876
Rp 564,739,873

Rp 106,993,657 5.27825560888361
Rp 5.2783 0.422260448710689
Rp 0.42
Rp 0.54

Rp 563,223,210
1.72714470410121
 OM B
Rp - Rp - Rp 647,387,625
Rp 202,990,848 Rp 358,071,429 -Rp 303,071,429
Rp 185,198,461 Rp 326,100,765 -0.929379691234164
Rp 168,888,477 Rp 296,870,445
Rp 153,947,486 Rp 270,160,260 -Rp 303,071,429
Rp 140,269,366 Rp 247,479,365 -0.929379691234164
Rp 851,294,638 Rp 1,498,682,263

0.000 - Rp. 358.071.429