Lampiran 15. Proyeksi arus kas.
Komponen Tahun 0
Tahun 1 Tahun 2
Tahun 3 Tahun 4
Tahun 5 Tahun 6
Tahun 7 Tahun 8
Tahun 9 Tahun 10
80 90
100 100
100 100
100 100
100 100
Penerimaan Bersih
Laba bersih -
212,710,439 235,677,589
258,644,740 265,229,652
271,814,564 275,444,740
279,074,915 279,074,915
279,074,915 279,074,915
Penyusutan -
37,911,700 37,911,700
37,911,700 37,911,700
37,911,700 37,911,700
37,911,700 37,911,700
37,911,700 37,911,700
Nilai sisa -
- -
- -
- -
- -
- 227,556,500
Modal sendiri 300,000,000
- -
- -
- -
- -
- Modal pinjaman
259,298,250 -
- -
- -
- -
- -
Subtotal 559,298,250
250,622,139 273,589,289
296,556,440 303,141,352
309,726,264 313,356,440
316,986,615 316,986,615
316,986,615 544,543,115
Pengeluaran Bersih
Investasi +
bunga sebelum pembangunan
607,298,250 -
- -
- -
- -
- -
- Modal kerja
- 140,701,750
- -
- -
- -
- -
- Angsuran
modal investasi tetap
43,216,375 43,216,375
43,216,375 43,216,375
43,216,375 43,216,375
- -
- -
Angsuran modal kerja 35,175,438
35,175,438 35,175,438
35,175,438
Subtotal 607,298,250
219,093,563 78,391,813
78,391,813 78,391,813
43,216,375 43,216,375
- -
- -
Arus Kas Bersih 48,000,000
31,528,576 195,197,477
218,164,627 224,749,539
266,509,889 270,140,065
316,986,615 316,986,615
316,986,615 544,543,115
Kas Awal Tahun -
48,000,000 16,471,424
178,726,053 396,890,680
621,640,219 888,150,108
1,158,290,172 1,475,276,787
1,792,263,402 2,109,250,017
Lampiran 16. Proyeksi kelayakan investasi.
Tahun Bt-Ct
Akumulasi DF 12
PV 607,298,250
607,298,250 1
607,298,250 1
31,528,576 575,769,674
0.89 28,150,514
2 195,197,477
380,572,198 0.80
155,610,233 3
218,164,627 162,407,571
0.71 155,285,272
4 224,749,539
62,341,969 0.64
142,832,395 5
266,509,889 328,851,858
0.57 151,224,868
6 270,140,065
598,991,922 0.51
136,861,364 7
316,986,615 915,978,537
0.45 143,388,647
8 316,986,615
1,232,965,152 0.40
128,025,577 9
316,986,615 1,549,951,767
0.36 114,308,551
10 544,543,115
2,094,494,882 0.32
175,328,309 NPV
723,717,481 Kriteria
Nilai NPV
723,717,481 IRR
30 Net BC
2.19 PBP Tahun
3.8
Lampiran 17. Analisis sensitivitas I pengurangan kapasitas produksi. Biaya Investasi
NO. KOMPONEN
JUMLAH SATUAN
HARGA SATUAN Rp
Nilai total Rp
NILAI SISA 1
BIAYA PRA INVESTASI
a. Perizinan 1
Paket 20,000,000
20,000,000 -
b. Studi kelayakan 1
Paket 15,000,000
15,000,000 -
TOTAL 1 35,000,000
-
2 TANAH DAN BANGUNAN
Tanah 558
m
2
100,000 55,800,000
55,800,000 Bangunan
358 m
2
235,000,000 117,500,000
TOTAL 2 290,800,000
173,300,000 3
FASILITAS PENUNJANG
a. Instalasi telepon 1
Paket 500,000
500,000 -
b. instalasi listrik 1
Paket 4,000,000
4,000,000 -
c. Instalasi mesin 1
Paket 4,000,000
4,000,000 -
d. Instalasi air 1
Paket 800,000
800,000 -
TOTAL 3 9,300,000
- 4
MESIN, PERALATAN
DAN KENDARAAN
4.1. Mesin produksi
a. Hammer mills 1
Unit 27,520,000
27,520,000 2,752,000
b. Mesin penjahit karung 1
Unit 475,000
475,000 47,500
c. Chain saw 3
Unit 3,800,000
11,400,000 1,140,000
d. Oven mini lab 1
Unit 500,000
500,000 50,000
4.2. Perlengkapan utilitas
a. Tangki bahan bakar 1
Unit 150,000
150,000 15,000
b. Tabung pemadam kebakaran 1
Unit 400,000
400,000 40,000
4.3. Kendaraan
b. Mobil kantor 1
Unit 55,000,000
55,000,000 11,000,000
4.4. Peralatan mini lab 1
Paket 300,000
300,000 30,000
TOTAL 4 95,745,000
15,074,500
5 Alat kantor
a. Komputer 3
Unit 4,000,000
12,000,000 1,200,000
b. Meja kursi kantor 3
Unit 500,000
1,500,000 150,000
c. Pesawat telepon 1
Unit 300,000
300,000 30,000
e. Peralatan kantor 1
Paket 500,000
500,000 50,000
TOTAL 5 14,300,000
1,430,000
TOTAL 1,2,3,4,5 Modal tetap 445,145,000
189,804,500
Kontingensi 5 22,257,250
Bunga selama pembangunan 36,000,000
TOTAL INVESTASI 503,402,250
Biaya Operasional
NO. Komponen
Tahun 1 Tahun 2
Tahun 3 Tahun 4
Tahun 5 Tahun 6
Tahun 7 Tahun 8
Tahun 9 Tahun 10
80 90
100 100
100 100
100 100
100 100
1 BIAYA TETAP
Biaya Produksi Tetap 51,168,000
57,564,000 63,960,000
63,960,000 63,960,000
63,960,000 63,960,000
63,960,000 63,960,000
63,960,000 Biaya Pemasaran Tetap
67,200,000 75,600,000
84,000,000 84,000,000
84,000,000 84,000,000
84,000,000 84,000,000
84,000,000 84,000,000
Biaya Administrasi Umum 122,936,000
138,303,000 153,670,000
153,670,000 153,670,000
153,670,000 153,670,000
153,670,000 153,670,000
153,670,000 Biaya Pemeliharaan
1,603,380 1,803,803
2,004,225 2,004,225
2,004,225 2,004,225
2,004,225 2,004,225
2,004,225 2,004,225
Biaya Asuransi 2,004,225
2,004,225 2,004,225
2,004,225 2,004,225
2,004,225 2,004,225
2,004,225 2,004,225
2,004,225 Biaya Penyusutan
30,458,100 30,458,100
30,458,100 30,458,100
30,458,100 30,458,100
30,458,100 30,458,100
30,458,100 30,458,100
BUNGA
a. Modal investasi tetap 20,088,270
16,740,225 13,392,180
10,044,135 6,696,090
3,348,045 -
- -
- b. Modal kerja
15,911,730 11,933,798
7,955,865 3,977,933
- -
- -
- -
TOTAL BIAYA TETAP 311,369,705
334,407,150 357,444,595
350,118,618 342,792,640
339,444,595 336,096,550
336,096,550 336,096,550
336,096,550 2
BIAYA VARIABEL
Biaya Pengemasan 2,048,000
2,304,000 2,560,000
2,560,000 2,560,000
2,560,000 2,560,000
2,560,000 2,560,000
2,560,000 Biaya Gaji Tenaga Kerja
Langsung 56,640,000
63,720,000 70,800,000
70,800,000 70,800,000
70,800,000 70,800,000
70,800,000 70,800,000
70,800,000 Biaya sewa
11,520,000 12,960,000
14,400,000 14,400,000
14,400,000 14,400,000
14,400,000 14,400,000
14,400,000 14,400,000
Biaya Utilitas 29,111,040
32,749,920 36,388,800
36,388,800 36,388,800
36,388,800 36,388,800
36,388,800 36,388,800
36,388,800 TOTAL
BIAYA VARIABLE
99,319,040 111,733,920
124,148,800 124,148,800
124,148,800 124,148,800
124,148,800 124,148,800
124,148,800 124,148,800
TOTAL BIAYA 410,688,745
446,141,070 481,593,395
474,267,418 466,941,440
463,593,395 460,245,350
460,245,350 460,245,350
460,245,350
Proyeksi Laba Rugi
Komponen Tahun 1
Tahun 2 Tahun 3
Tahun 4 Tahun 5
Tahun 6 Tahun 7
Tahun 8 Tahun 9
Tahun 10 80
90 100
100 100
100 100
100 100
100
PENJUALAN BERSIH
410,688,000 462,024,000
513,360,000 513,360,000
513,360,000 513,360,000
513,360,000 513,360,000
513,360,000 513,360,000
PENDAPATAN LAIN
BIAYA PENEBANGAN
180,000,000 180,000,000
180,000,000 180,000,000
180,000,000 180,000,000
180,000,000 180,000,000
180,000,000 180,000,000
PENGELUARAN A. BIAYA TETAP
311,369,705 334,407,150
357,444,595 350,118,618
342,792,640 339,444,595
336,096,550 336,096,550
336,096,550 336,096,550
B. BIAYA VARIABEL
99,319,040 111,733,920
124,148,800 124,148,800
124,148,800 124,148,800
124,148,800 124,148,800
124,148,800 124,148,800
TOTAL PENGELUARAN
410,688,745 446,141,070
481,593,395 474,267,418
466,941,440 463,593,395
460,245,350 460,245,350
460,245,350 460,245,350
LABA KOTOR LABA SEBELUM PAJAK
179,999,255 195,882,930
211,766,605 219,092,583
226,418,560 229,766,605
233,114,650 233,114,650
233,114,650 233,114,650
PAJAK 30
36,499,777 41,264,879
46,029,982 48,227,775
50,425,568 51,429,982
52,434,395 52,434,395
52,434,395 52,434,395
LABA BERSIH 143,499,479
154,618,051 165,736,624
170,864,808 175,992,992
178,336,624 180,680,255
180,680,255 180,680,255
180,680,255
Kriteria Kelayakan
Tahun Bt-Ct
Akumulasi DF 12
PV 503,402,250
503,402,250 1
503,402,250 1
19,689,984 523,092,234
0.89 17,580,343
2 124,026,339
399,065,896 0.80
98,873,038 3
135,144,911 263,920,985
0.71 96,193,478
4 140,273,095
123,647,889 0.64
89,146,088 5
178,550,717 54,902,828
0.57 101,314,472
6 180,894,349
235,797,176 0.51
91,646,707 7
211,138,355 446,935,531
0.45 95,508,269
8 211,138,355
658,073,886 0.40
85,275,240 9
211,138,355 869,212,241
0.36 76,138,607
10 400,942,855
1,270,155,096 0.32
129,092,869 NPV
342,206,175 Kriteria
Nilai NPV
342,206,175 IRR
22 Net BC
1.68 PBP Tahun
4.7