Total Capital Projection Average Revenues from Oyster Harvesting Business Enterprise

Table 14: Economic lifespan and depreciation of oyster marketingselling fixed assets production Lifespan Qty Unit cost Total Depreciation y1 y2 y3 y4 y5 Selling basket 2 1 150 300 300 0 0 0 0 Two­metre mutton cloth 1 4 25 100 100 0 0 0 0 Two­metre muslin cloth 1 4 18 72 72 0 0 0 0 472 The total depreciation of oyster harvesting, processing and marketing assets for the two scenarios with and without canoe is summarized in Tables 15 and 16. Table 15: Total depreciation of fixed assets with canoe Harvesting fixed assets 1875 Processing fixed assets 1065 Marketingsellingdistribution 472 Total 3412 Table 16: Total depreciation of fixed assets without canoe Harvesting fixed assets 975 Processing fixed Assets 1065 Marketingsellingdistribution 472 Total 2512

5.1.4 Total Capital Projection

Having obtained the fixed assets at the different value chain steps and the operating costs with and without a canoe, the total capital projection of the business can be calculated as shown in Tables 17 and 18. A comparison of the two reveals that the investment with a canoe has higher demand on capital. Table 17: Total capital projection with canoe Harvesting fixed assets 5925 Processing fixed assets 1290 Marketingsellingdistribution fixed assets 472 Operating cost 1880 Total 9567 36 Table 18: Total capital projection without canoe Harvesting fixed assets 1425 Processing fixed assets 1290 Marketingsellingdistribution fixed assets 472 Operating cost 3080 Total 6267

5.1.5 Average Revenues from Oyster Harvesting Business Enterprise

To obtain the revenue from sale of the product, average production per producer is estimated for the respective sample sites. This considers the average quantity of oyster meat produced per producer, per production cycle 3 days, characterized by an average of two days of harvesting and a day of processing and marketing. The production cycle calculation is the basis for calculation of the average revenue values from which average monthly and annualseasonal revenue is estimated. The estimated average quantities of processed oysters from which estimated income revenue of oyster harvesters is estimated are both shown in Table 19. It is to be noted that in estimating the quantities of oysters produced, the marketing measure of one empty milk tin cup was used as the local unit of measurement of processed oysters. This was then converted to an average net weight derived from measurements from different producers. This unit weight 150 grams is valued at the average selling price of GMD15. Assuming that there are approximately 12 possible production cycles in a month, the monthly production value is arrived at by multiplying average price of the product by the quantity produced per cycle. Table 19: Estimated average quantity of processed oysters produced and income per harvester all values in GMD Oyster Harvest Site Average quantity per 3 days harvest cycle cups Average quantity grams harvest cycle Average income harvest cycle Average monthly income Average annual seasonal income Jeswang 15 2,250 225 2,700 10,800 Kamalo 18 2,700 270 3,240 12,960 Abuko 10 1,500 150 1,800 7,200 Mandinary 15 2,250 225 2,700 10,800 Lamin 18 2,700 270 3,240 12,960 Fajikunda 15 2,250 225 2,700 10,800 Kubuneh 33 4,950 500 6,000 24,000 Kartong 20 3,000 300 3,600 14,400 Ibo Town 10 1,500 150 1,800 7,200 37 Oyster Harvest Site Average quantity per 3 days harvest cycle cups Average quantity grams harvest cycle Average income harvest cycle Average monthly income Average annual seasonal income Total 154 23,100 2,325 27,780 111,320 Average 17.11 2,567 258 3,087 12,369 Note: A cup empty milk tin 150 grams of oysters costs an average of GMD15. Harvest cycle is 3 days

5.1.6 Net Revenues from Oyster Harvesting