PROJECT - FINANCIAL MODEL SNAPSHOTS Created for John Doe PARAMETERS
|
|
|
- Lambert Owens
- 6 years ago
- Views:
Transcription
1 PROJECT - FINANCIAL MODEL SNAPSHOTS Created for John Doe Financial model created by Waste to Energy International OÜ is fully parametric. Input section of Parameters sheet and all the project data in the Projects sheet are parameters, which can be easily modified to recalculate the model. Total number of parameters is around 50. Any project can be checked for any debt/equity ratio, interest rate, share structure etc. in minutes. PARAMETERS Parameter Units Project Inc MSW to Electricity Input Total investment value 65,000 Equity % 25% Annual interest rate % 5.0% Term of credit years 20 Grace period years 1 Method of credit amortisation method Annuity Required min DSCR ratio 1.25 Inflation rate for base tariff % 2.0% Inflation rate for costs % 2.0% Term of project years 20 Start of operation year 2 Investor shares % 100.0% WTEI shares % 0.0% Local developer shares % 0.0% Corporate tax % 20% Display currency code EUR Output IRR on project equity % 16.11% IRR on investor shares % 16.11% Payback period on equity years 5.73 Net cashflow 51,226 Net cashflow for investor 51,226 NPV for investor 41,643 Errors Number of errors counter 0 EBT < 0 0=no; 1=yes 0 Net cashflow < 0 0=no; 1=yes 0 IRR on project equity error 0=no; 1=yes 0 Balance error 0=no; 1=yes 0 DSCR error 0=no; 1=yes 0 Depreciation error 0=no; 1=yes 0
2 PROJECT Project Name Country Waste Type Energy Output Waste, Waste, ton/day Waste, ton/hour Combustible Input, % Moisture, % Dry Waste at 20% Moisture, Project Wonderland MSW Electricity 100, % 55% 45,000 Dry Waste at 20% Moisture, ton/hour Term of Heat Preferential Preferential Electricity Electricity Heat Operating Preferential Operating Production Tariff for Tariff for Production, Efficiency, Production, Hours per Tariff for Days per Year Hours per Electricity, Heat, MW MWh/dry t MW Year Energy, Year EUR/MWh EUR/MWh years ,160 4, Base Tariff for Electricity, EUR/MWh Metals Base Tariff for Heat, EUR/MWh Synfuel liters/hour synfuel, EUR/liter Tipping Fee for Utilization, Carbon Credits, CO2 CO2 Conservation, ton per ton of waste Carbon Black, Carbon Black Metals, Paper, Paper Plastics, Plastics Glass, Glass Total Value of the Investment, Total Price per 1 ton, EUR Area needed, ha 5, , Land Lease, Insurance, Jobs Operations & Maintenance, Extended & Preventive Guarantee, Other Costs, ,
3 TOTAL COSTS TOTAL COSTS, TOTAL OPERATING COSTS 0 6,500 6,630 6,763 6,898 7,036 7,177 7,320 7,466 7,616 TOTAL OPERATING COSTS 7,768 7,923 8,082 8,244 8,408 8,577 8,748 8,923 9,102 9, ,464 CREDIT PARAMETERS, Total Investment Value 65,000 Debt 75% 48,750 Equity 25% 16,250 Term of credit in years 20 Grace period in years 1 Method of credit amortisation Annuity Annual interest rate 5.0% CREDIT PARAMETERS LT CREDIT LONG TERM CREDIT, Value of original loan 48,750 Annuity repayment Remainder on Principal 48,750 47,154 45,478 43,718 41,870 39,929 37,892 35,753 33,507 31,148 Payments on Principal 0 1,596 1,676 1,760 1,848 1,940 2,037 2,139 2,246 2,358 Payments on Interest 0 2,438 2,358 2,274 2,186 2,093 1,996 1,895 1,788 1,675 TOTAL Payments on Principal and Interest 0 4,034 4,034 4,034 4,034 4,034 4,034 4,034 4,034 4,034 Value of original loan 48,750 Annuity repayment Remainder on Principal 28,672 26,071 23,341 20,474 17,464 14,304 10,985 7,501 3, Payments on Principal 2,476 2,600 2,730 2,867 3,010 3,161 3,319 3,485 3,659 3,842 48,750 Payments on Interest 1,557 1,434 1,304 1,167 1, ,893 TOTAL Payments on Principal and Interest 4,034 4,034 4,034 4,034 4,034 4,034 4,034 4,034 4,034 4,034 76,643
4 P&L PROFIT & LOSS ACCOUNT, INCOME 0 14,092 14,224 14,359 14,497 14,638 14,782 14,928 15,077 15,230 TOTAL OPERATING COSTS 0 6,500 6,630 6,763 6,898 7,036 7,177 7,320 7,466 7,616 EBITDA 0 7,592 7,594 7,597 7,599 7,602 7,605 7,608 7,611 7,614 DEPRECIATION 0 1,711 1,711 1,711 1,711 1,711 1,711 1,711 1,711 1,711 EBIT 0 5,881 5,884 5,886 5,889 5,892 5,895 5,897 5,900 5,903 INTEREST 0 2,438 2,358 2,274 2,186 2,093 1,996 1,895 1,788 1,675 EBT 0 3,443 3,526 3,612 3,703 3,798 3,898 4,003 4,113 4,228 Tax NET PROFIT 0 2,755 2,821 2,890 2,962 3,039 3,118 3,202 3,290 3,382 INCOME 15,385 15,543 15,705 15,870 16,038 16,210 16,385 16,563 16,745 16, ,201 TOTAL OPERATING COSTS 7,768 7,923 8,082 8,244 8,408 8,577 8,748 8,923 9,102 9, ,464 EBITDA 7,617 7,620 7,623 7,626 7,630 7,633 7,636 7,640 7,644 7, ,738 DEPRECIATION 1,711 1,711 1,711 1,711 1,711 1,711 1,711 1,711 1,711 1,711 32,500 EBIT 5,906 5,909 5,913 5,916 5,919 5,923 5,926 5,929 5,933 5, ,238 INTEREST 1,557 1,434 1,304 1,167 1, ,893 EBT 4,349 4,476 4,609 4,749 4,895 5,049 5,211 5,380 5,558 5,745 84,345 Tax ,010 1,042 1,076 1,112 1,149 16,869 NET PROFIT 3,479 3,581 3,687 3,799 3,916 4,039 4,169 4,304 4,446 4,596 67,476
5 BALANCE BALANCE SHEET, FIXED ASSETS 65,000 63,289 61,579 59,868 58,158 56,447 54,737 53,026 51,316 49,605 Assets - Opening 65,000 65,000 63,289 61,579 59,868 58,158 56,447 54,737 53,026 51,316 Depreciation Charge 0 1,711 1,711 1,711 1,711 1,711 1,711 1,711 1,711 1,711 Cumulative Depreciation 0 1,711 3,421 5,132 6,842 8,553 10,263 11,974 13,684 15,395 Assets - Closing 65,000 63,289 61,579 59,868 58,158 56,447 54,737 53,026 51,316 49,605 Cash and Money Equivalents 0 2,869 5,724 8,565 11,390 14,198 16,990 19,763 22,518 25,252 CURRENT ASSETS 0 2,869 5,724 8,565 11,390 14,198 16,990 19,763 22,518 25,252 TOTAL ASSETS 65,000 66,158 67,303 68,433 69,547 70,646 71,727 72,790 73,834 74,858 Accumulated Profit (Loss) from Previous Periods 16,250 16,250 19,005 21,825 24,715 27,678 30,716 33,835 37,037 40,327 Current Profit (Loss) 0 2,755 2,821 2,890 2,962 3,039 3,118 3,202 3,290 3,382 TOTAL EQUITY 16,250 19,005 21,825 24,715 27,678 30,716 33,835 37,037 40,327 43,710 NON-CURRENT LIABILITIES Long term credit 48,750 47,154 45,478 43,718 41,870 39,929 37,892 35,753 33,507 31,148 TOTAL LIABILITIES 48,750 47,154 45,478 43,718 41,870 39,929 37,892 35,753 33,507 31,148 EQUITY & LIABILITIES 65,000 66,158 67,303 68,433 69,547 70,646 71,727 72,790 73,834 74,858 FIXED ASSETS 47,895 46,184 44,474 42,763 41,053 39,342 37,632 35,921 34,211 32,500 32,500 Assets - Opening 49,605 47,895 46,184 44,474 42,763 41,053 39,342 37,632 35,921 34,211 34,211 Depreciation Charge 1,711 1,711 1,711 1,711 1,711 1,711 1,711 1,711 1,711 1,711 32,500 Cumulative Depreciation 17,105 18,816 20,526 22,237 23,947 25,658 27,368 29,079 30,789 32,500 32,500 Assets - Closing 47,895 46,184 44,474 42,763 41,053 39,342 37,632 35,921 34,211 32,500 32,500 Cash and Money Equivalents 27,966 30,657 33,324 35,967 38,584 41,173 43,734 46,264 48,762 51,226 51,226 CURRENT ASSETS 27,966 30,657 33,324 35,967 38,584 41,173 43,734 46,264 48,762 51,226 51,226 TOTAL ASSETS 75,860 76,841 77,798 78,730 79,636 80,515 81,365 82,185 82,972 83,726 83,726 Accumulated Profit (Loss) from Previous Periods 43,710 47,189 50,769 54,457 58,256 62,172 66,211 70,380 74,684 79,131 79,131 Current Profit (Loss) 3,479 3,581 3,687 3,799 3,916 4,039 4,169 4,304 4,446 4,596 67,476 TOTAL EQUITY 47,189 50,769 54,457 58,256 62,172 66,211 70,380 74,684 79,131 83,726 83,726 NON-CURRENT LIABILITIES 0 Long term credit 28,672 26,071 23,341 20,474 17,464 14,304 10,985 7,501 3, TOTAL LIABILITIES 28,672 26,071 23,341 20,474 17,464 14,304 10,985 7,501 3, EQUITY & LIABILITIES 75,860 76,841 77,798 78,730 79,636 80,515 81,365 82,185 82,972 83,726 83,726
6 CASHFLOW CASHFLOW STATEMENT, EBITDA 0 7,592 7,594 7,597 7,599 7,602 7,605 7,608 7,611 7,614 Investment for acquiring the projects -65,00 Debt -48,75 Equity -16,25 Long term credit 48,75 Reminder on principal 48,750 47,154 45,478 43,718 41,870 39,929 37,892 35,753 33,507 31,148 Payments on principal 0 1,596 1,676 1,760 1,848 1,940 2,037 2,139 2,246 2,358 Payments on interest 0 2,438 2,358 2,274 2,186 2,093 1,996 1,895 1,788 1,675 Total payments on principal and interest 0 4,034 4,034 4,034 4,034 4,034 4,034 4,034 4,034 4,034 Depreciation 0 1,711 1,711 1,711 1,711 1,711 1,711 1,711 1,711 1,711 EBT 0 3,443 3,526 3,612 3,703 3,798 3,898 4,003 4,113 4,228 Tax NET PROFIT 0 2,755 2,821 2,890 2,962 3,039 3,118 3,202 3,290 3,382 Net cashflow 0 2,869 2,855 2,840 2,825 2,809 2,792 2,774 2,754 2,734 Net cashflow for investor 0 2,869 2,855 2,840 2,825 2,809 2,792 2,774 2,754 2,734 Net cashflow for WTEI Net cashflow for local developer Opening balance 0 0 2,869 5,724 8,565 11,390 14,198 16,990 19,763 22,518 Closing balance 0 2,869 5,724 8,565 11,390 14,198 16,990 19,763 22,518 25,252 EBITDA 7,617 7,620 7,623 7,626 7,630 7,633 7,636 7,640 7,644 7, ,738 Investment for acquiring the projects -65,000 Debt -48,750 Equity -16,250 Long term credit 48,750 Reminder on principal 28,672 26,071 23,341 20,474 17,464 14,304 10,985 7,501 3, Payments on principal 2,476 2,600 2,730 2,867 3,010 3,161 3,319 3,485 3,659 3,842 48,750 Payments on interest 1,557 1,434 1,304 1,167 1, ,893 Total payments on principal and interest 4,034 4,034 4,034 4,034 4,034 4,034 4,034 4,034 4,034 4,034 76,643 Depreciation 1,711 1,711 1,711 1,711 1,711 1,711 1,711 1,711 1,711 1,711 32,500 EBT 4,349 4,476 4,609 4,749 4,895 5,049 5,211 5,380 5,558 5,745 84,345 Tax ,010 1,042 1,076 1,112 1,149 16,869 NET PROFIT 3,479 3,581 3,687 3,799 3,916 4,039 4,169 4,304 4,446 4,596 67,476 Net cashflow 2,713 2,691 2,668 2,643 2,617 2,589 2,560 2,530 2,498 2,464 51,226 Net cashflow for investor 2,713 2,691 2,668 2,643 2,617 2,589 2,560 2,530 2,498 2,464 51,226 Net cashflow for WTEI 0 Net cashflow for local developer 0 Opening balance 25,252 27,966 30,657 33,324 35,967 38,584 41,173 43,734 46,264 48,762 0 Closing balance 27,966 30,657 33,324 35,967 38,584 41,173 43,734 46,264 48,762 51,226 51,226
7 Net cash flow for investor on equity -16,250 2,869 2,855 2,840 2,825 2,809 2,792 2,774 2,754 2,734 IRR on investor shares 16.11% Payback period on equity, years 5.73 DEBT SERVICE COVERAGE RATIO RATIOS ECONOMIC EFFECTIVENESS AND RATIOS, n/a Min DSCR 1.61 Cash Flow for Debt Service 0 6,903 6,889 6,874 6,859 6,843 6,825 6,807 6,788 6,768 Debt Service 0 4,034 4,034 4,034 4,034 4,034 4,034 4,034 4,034 4,034 LOAN LIFE COVERAGE RATIO Cash Flow for Debt Service 0 6,903 6,889 6,874 6,859 6,843 6,825 6,807 6,788 6,768 NPV Cash Flow for DS 77,824 84,002 83,629 83,295 83,004 82,759 82,563 82,423 82,341 82,324 Debt Outstanding 48,750 47,154 45,478 43,718 41,870 39,929 37,892 35,753 33,507 31,148 Net cash flow for investor on equity IRR on investor shares Payback period on equity, years 2,713 2,691 2,668 2,643 2,617 2,589 2,560 2,530 2,498 2,464 34,976 DEBT SERVICE COVERAGE RATIO Min DSCR Cash Flow for Debt Service 6,747 6,725 6,701 6,677 6,651 6,623 6,594 6,564 6,532 6,498 0 Debt Service 4,034 4,034 4,034 4,034 4,034 4,034 4,034 4,034 4,034 4,034 0 LOAN LIFE COVERAGE RATIO n/a 3.77 Cash Flow for Debt Service 6,747 6,725 6,701 6,677 6,651 6,623 6,594 6,564 6,532 6,498 0 NPV Cash Flow for DS 82,376 79,748 77,010 74,160 71,191 68,100 64,882 61,532 58,044 54,414 0 Debt Outstanding 28,672 26,071 23,341 20,474 17,464 14,304 10,985 7,501 3,
8 PROJECT INCOME Income from Activity of Project, Electricity 0 37,128 37,128 37,128 37,128 37,128 37,128 37,128 37,128 37,128 MWh/year Tariff for Electricity, EUR/MWh Heat MWh/year 0 9,282 9,282 9,282 9,282 9,282 9,282 9,282 9,282 9,282 Tariff for Heat, EUR/MWh Synfuel liters'000/year synfuel, EUR/liters'000 Waste utilization, 0 100, , , , , , , , ,000 Tipping fee for utilization, CO2 conservation, Carbon credits, CO2 Carbon black carbon black, Metals 0 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 metals, Paper paper, Plastic plastic, Glass glass, TOTAL ACTIVITY INCOME 0 14,102 14,244 14,390 14,539 14,690 14,845 15,002 15,163 15,327 Electricity 37,128 37,128 37,128 37,128 37,128 37,128 37,128 37,128 37,128 37, ,432 MWh/year Tariff for Electricity, EUR/MWh Heat MWh/year 9,282 9,282 9,282 9,282 9,282 9,282 9,282 9,282 9,282 9, ,358 Tariff for Heat, EUR/MWh Synfuel 0 liters'000/year synfuel, 0 EUR/liters'000 Waste utilization, 100, , , , , , , , , ,000 1,900,000 Tipping fee for utilization, CO2 conservation, 0 Carbon credits, 0 CO2 Carbon black 0 carbon black, 0 Metals 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 95,000 metals, Paper 0 paper, 0 Plastic 0 plastic, 0 Glass 0 glass, 0 TOTAL ACTIVITY INCOME 15,494 15,665 15,839 16,017 16,198 16,383 16,571 16,763 16,959 17, ,201
9 PROJECT P&L Profit & Loss Account of Project, INCOMES 0 14,092 14,224 14,359 14,497 14,638 14,782 14,928 15,077 15,230 Net income from sales 0 14,092 14,224 14,359 14,497 14,638 14,782 14,928 15,077 15,230 OPERATING EXPENSES incl 0 6,500 6,630 6,763 6,898 7,036 7,177 7,320 7,466 7,616 Land lease Insurance Operations, maintenance & s 0 6,500 6,630 6,763 6,898 7,036 7,177 7,320 7,466 7,616 Extended & preventive guara Other costs EBITDA 0 7,592 7,594 7,597 7,599 7,602 7,605 7,608 7,611 7,614 DEPRECIATION 0 1,711 1,711 1,711 1,711 1,711 1,711 1,711 1,711 1,711 EBIT 0 5,881 5,884 5,886 5,889 5,892 5,895 5,897 5,900 5,903 INCOMES 15,385 15,543 15,705 15,870 16,038 16,210 16,385 16,563 16,745 16, ,201 Net income from sales 15,385 15,543 15,705 15,870 16,038 16,210 16,385 16,563 16,745 16, ,201 OPERATING EXPENSES incl 7,768 7,923 8,082 8,244 8,408 8,577 8,748 8,923 9,102 9, ,464 Land lease 0 Insurance 0 Operations, maintenance & s 7,768 7,923 8,082 8,244 8,408 8,577 8,748 8,923 9,102 9, ,464 Extended & preventive guara 0 Other costs 0 EBITDA 7,617 7,620 7,623 7,626 7,630 7,633 7,636 7,640 7,644 7, ,738 DEPRECIATION 1,711 1,711 1,711 1,711 1,711 1,711 1,711 1,711 1,711 1,711 32,500 EBIT 5,906 5,909 5,913 5,916 5,919 5,923 5,926 5,929 5,933 5, ,238
8 Operating Costs +10% 9.9% 9 Operating Costs 10% 10.3%
Summary Key Project Dates Model Information Item Start End Term (Yrs) Summary Page Updated 8/12/2009 16:07 Construction 1 Jan 10 30 Sep 12 2.8 Last Printed 8/12/2009 16:07 Operations 1 Oct 12 30 Sep 42
Technics of financial assessment of infrastructure projects. Balázs Felsmann REKK
Technics of financial assessment of infrastructure projects Balázs Felsmann REKK 1 Main focuses of the corporate (TSO) level financial assessment Identify the investment costs of the project including
World Bank Group - LED Streetlight Financing Tool: User s Manual
World Bank Group - LED Streetlight Financing Tool: User s Manual The World Bank Group developed the CityLED Streetlight Financing Tool to allow cities to evaluate the financial implications, as well as
Introduction to the Toolkit Financial Models
World Bank & Brazilian Ministry of Transport Workshop on the Toolkit for PPP in Roads and Highways Introduction to the Toolkit Financial Models Cesar Queiroz World Bank Brasilia, Brazil, June 8-9, 2010
UNDA RENEWABLE ENERGY ESCWA PIPELINE PROJECTS
UNDA PROJECT ON PROMOTING RENEWABLE ENERGY INVESTMENTS FOR CLIMATE CHANGE MITIGATION AND SUSTAINABLE DEVELOPMENT UNDA PROJECT CLOSING WORKSHOP: Renewable Energy UNDA project conclusions and way forward
Conference Call Half Year Closing Zurich, 22 August 2013
Conference Call Half Year Closing 2013 Zurich, 22 August 2013 Disclaimer This communication contains statements that constitute forward-looking statements. In this communication, such forward-looking statements
The Business Case For Energy Efficiency Viridian Glass Australia
The Business Case For Energy Efficiency Viridian Glass Australia Presented to: #### Issued: #### Version: #### Presented by: Bruce Lee Telephone 1872 248 414 Email bl@suresense.co.uk Executive Summary
Breaking out G&A Costs into fixed and variable components: A simple example
230 Breaking out G&A Costs into fixed and variable components: A simple example Assume that you have a time series of revenues and G&A costs for a company. What percentage of the G&A cost is variable?
Financing Energy Efficiency in the Tertiary Sector. Paolo Michele Sonvilla Creara SEI Forum Madrid, 15 June 2017
Financing Energy Efficiency in the Tertiary Sector Paolo Michele Sonvilla Creara SEI Forum Madrid, 15 June 2017 www.trustepc.eu 21/06/2017 1 FINANCING ENERGY EFFICIENCY We have money, but cannot find good
Business models for mechanization SINGLE AXIAL RICE THRESHE, CAPACITY OF 1.5 tons paddy /hour. 1. Calculation of Service Cost
Business models for mechanization SINGLE AXIAL RICE THRESHE, CAPACITY OF 1.5 tons paddy /hour General information Unit Quantity Capacity Ton/hour 1.5 No. hour/day 8 Operating time Days/year 40 Annual working
Closure on Cash Flows
Closure on Cash Flows In a project with a finite and short life, you would need to compute a salvage value, which is the expected proceeds from selling all of the investment in the project at the end of
FINAL INVESTOR REPORT MITCHELLS & BUTLERS RETAIL LIMITED. For the Final Period ended 27 September 2014
FINAL INVESTOR REPORT MITCHELLS & BUTLERS RETAIL LIMITED For the Final Period ended 27 September This Final Investor Report covers the results for from 29 September 2013 to 27 September To: HSBC Trustee
AB Energijos skirstymo operatorius Financial results for 6 months of
AB Energijos skirstymo operatorius Financial results for 6 months of 2018 2018-09-05 Main financial ratios The main reason of net profit decrease: 26.8% higher average wholesale electricity price on the
Vattenfall at a glance
Overview Vattenfall at a glance Vattenfall at a glance Vattenfall is one of Europe s largest generators of electricity and the largest producer of heat. Electricity generation and sales of heat amounted
Nelja Energia AS OVERVIEW OF Q1 2018
Nelja Energia AS OVERVIEW OF Q1 2018 Wind and production Q1 2018 166,6 GWh produced, 19% less than in Q1 2017 8,0 7,5 7,0 6,5 6,0 5,5 5,0 4,5 4,0 Wind speed in wind farms Q1 2018, m/s Lithuania, 2017 Estonia,
Yanino Waste Processing Plant City of St. Petersburg
Yanino Waste Processing Plant City of St. Petersburg Project Briefing 26 October 2009 Page 1 Table of Contents Sections 1. Executive Summary. 3 2. Waste Processing Industry in St. Petersburg.....4 3. Project
FINAL REPORT ON ECONOMIC AND FINANCIAL VIABILITY OF PROCESSING CASHEW IN THE GAMBIA
FINAL REPORT ON ECONOMIC AND FINANCIAL VIABILITY OF PROCESSING CASHEW IN THE GAMBIA By Ir. Olivier van Lieshout Dr. Abdoulie Khan ITC Consultants This report has been prepared by Olivier van Lieshout and
Contract length analysis for Feed-in Tariff with Contracts for Difference. Summary of onshore and offshore wind analysis
Contract length analysis for Feed-in Tariff with Contracts for Difference Summary of onshore and offshore wind analysis August 2013 Contract length analysis for Feed-in Tariff with Contracts for Difference
Describe the importance of capital investments and the capital budgeting process
Chapter 20 Making capital investment decisions Affects operations for many years Requires large sums of money Describe the importance of capital investments and the capital budgeting process 3 4 5 6 Operating
INTERIM INVESTOR REPORT MITCHELLS & BUTLERS RETAIL LIMITED
INTERIM INVESTOR REPORT MITCHELLS & BUTLERS RETAIL LIMITED This Interim Investor Report covers the results for for the Semi Annual Period from 28 September 2014 to 11 April To: HSBC Trustee (C.I.) Limited
AB Energijos skirstymo operatorius Financial results for 9 months of
AB Energijos skirstymo operatorius Financial results for 9 months of 2018 2018-09-30 Main financial ratios The main reason of net profit decrease higher cost of electricity: the average wholesale electricity
1 INVESTMENT DECISIONS,
1 INVESTMENT DECISIONS, PROJECT PLANNING AND CONTROL THIS CHAPTER INCLUDES Estimation of Project Cash Flow Relevant Cost Analysis for Projects Project Appraisal Methods DCF and Non-DCF Techniques Capital
Tutorial Letter: May 2014 examination session. Financial Management 3 (FM303) Semester One 2014
Tutorial Letter: May 2014 examination session Financial Management 3 () Semester One 2014 Dear Student Please make note of the following key areas and notes pertaining to the Financial Management 3 Examination
Consolidated Statement of Financial Position
Consolidated Statement of Financial Position as at 31 December 2013 Assets Non-current assets 31.12.2013 31.12.2012 Intangible assets (1) 461,311 455,812 Property, plant and equipment (2) 60,968 60,196
D2.6 Business Model Report
D2.6 Business Model Report Austria This project has received funding from the European Union s Horizon 2020 research and innovation programme under grant agreement No 646554 1 Index 1. Residential Single
Butimanu 3,36 MWp. nature technology energy
RO PV PROJECT Butimanu 3,36 MWp nature technology energy RO PV project Butimanu 3,36 MWp Main items Data Project name PV plant Butimanu SPV SC Unique solar Site Butimanu (Dâmbovița region) Plot size 7
66. PROFILE ON THE PRODUCTION OF RED OXIDE PAINT
66. PROFILE ON THE PRODUCTION OF RED OXIDE PAINT 66-1 TABLE OF CONTENTS PAGE I. SUMMARY 66-2 II. PRODUCT DESCRIPTION & APPLICATION 66-3 III. MARKET STUDY AND PLANT CAPACITY 66-3 A. MARKET STUDY 66-3 B.
CHAPTER 21: A FRAMEWORK FOR ANALYZING DIVIDEND POLICY
CHAPTER 21: A FRAMEWORK FOR ANALYZING DIVIDEND POLICY 21-1 a. Dividend Payout Ratio = (2 * 50)/480 = 20.83% b. Free Cash Flows to Equity this year Net Income $480 - (Cap Ex - Depr ) (1-DR) $210 - (Change
Vattenfall Full Year results 2009
Vattenfall Full Year results 2009 Presentations by Lars G. Josefsson, CEO and Dag Andresen, CFO Agenda CEO Lars G. Josefsson: CFO Dag Andresen: 2009 highlights Financial highlights Generation volumes Electricity
Gabriel Zeitouni, COWI A/S
Incentives for renewable energy investments through PPA contracts in Panama Introduction to PPA Assessment Tool Gabriel Zeitouni, COWI A/S 1 Who am I? Gabriel Zeitouni M.Sc. Sustainable Energy Wind Power
Earnings Call 6M 2018
Earnings Call 6M 2018 Encavis - well on track after the first half of the year 2018 Hamburg, 31 August 2018 2 6M 2018 ENCAVIS WELL ON TRACK 6M FY2018 Key Highlights > Favourable meteorological conditions
D2.6 Business Model Report
D2.6 Business Model Report Germany This project has received funding from the European Union s Horizon 2020 research and innovation programme under grant agreement No 646554 Index Introduction... 4 1.
Introduction to Financial Statement
Introduction to Financial Statement Speaker Profile: Chua I-Min, CFA Full time Shares Investment Coach: Specialize in Fundamental Analysis Conduct training for retail investors and remisiers through exchanges
Montecristo Hydroelectric Project
Montecristo Hydroelectric Project Answers to Clarifications Required Reference No. UNFCCC 1077 Date: August 22, 2007 2 Montecristo Hydroelectric Project Answers to Clarifications Required Reference No.
BEFESA BEFESA. Fiscal Year 2016 Earnings Presentation
BEFESA Fiscal Year 2016 Earnings Presentation 6 th April 2017 Introduction Business Highlights Steel Dust Recycling Services Aluminium Salt Slags Services Financials Business Outlook Q&A Appendix Wolf
SEAT Pagine Gialle Group
Reclassified statement of operations 2007 2006 Absolute % Revenues from sales and services 1,453.6 1,460.2 (6.6) (0.5) Materials and external services (*) (504.2) (568.9) 64.7 Salaries, wages and employee
78. PROFILE ON THE PRODUCTION OF FIBERGLASS REINFORCED PLASTICS
78. PROFILE ON THE PRODUCTION OF FIBERGLASS REINFORCED PLASTICS 78-1 TABLE OF CONTENTS PAGE I. SUMMARY 78-2 II. PRODUCT DESCRIPTION & APPLICATION 78-2 III. MARKET STUDY AND PLANT CAPACITY 78-3 A. MARKET
BUSINESS PERFORMANCE METRICS
BUSINESS PERFORMANCE METRICS NOVEMBER This document was originally published on 21 November. Ongoing refinement of the operating model has resulted in two of the reportable segments, Southern African Energy
Rebeccas Coffee 2018 Prepared for Rebeccas Coffee 05 December 2018
Prepared for 5 December 218 Page 1/22 Data Reporting Period Period End 3-6-215 3-6-216 3-6-217 3-6-218 Period Length (months) 12 12 12 12 Profit & Loss Revenue 3,4, 5,, 5,8, 6,612, Gross Margin ($) 865,
IMPACT INVESTMENT CLIMATE POLICY PROJECT »PEOPLESHOME« ITALY 3,000 JOBS 10,000 SOCIAL HOUSES. based on 100 MEGAWATT SOLAR GRID POWER
IMPACT INVESTMENT CLIMATE POLICY PROJECT»PEOPLESHOME«IMPACT INVESTMENT 3,000 JOBS 10,000 SOCIAL HOUSES based on 100 MEGAWATT SOLAR GRID POWER ULRICH KRETZSCHMAR The issue of environment has never been
Total 100 All learning outcomes must be evidenced; a 10% aggregate variance is allowed.
Prescription: 603 Business Finance Elective prescription Level 6 Credit 20 Version 3 Aim Prerequisites Recommended prior knowledge Students will apply financial management knowledge and skills to small
Williams Plumbing 2018 Prepared for Williams Plumbing 05 December 2018
Prepared for 5 December 218 Page 1/22 Data Reporting Period Period End 3-6-215 3-6-216 3-6-217 3-6-218 Period Length (months) 12 12 12 12 Profit & Loss Revenue 18,, 31,5, 35,, 42,, Gross Margin ($) 4,8,
Why net present value leads to better investment decisions than other criteria
Why net present value leads to better investment decisions than other criteria Introduction: When deciding, wether or not it is worth making an investment, or leaving the capital in the bank, there are
WM Recycling. Pat DeRueda President, WM Recycle America
WM Recycling Pat DeRueda President, WM Recycle America WM MRF Map All MRFs North America MRF Single Stream MRF ecycling WM Recycling ALUMINUM 1 6 OFFICE OTHER 3 MIXED 12 34 OCC GLASS 11 METALS 1 ONP 28
Business Planning and Modeling. Business Planning and Modeling
ITU/ BDT «Training and Trials on Network Planning Tools for Evolving Network Architectures» June 4-84 8 2007 Moscow, Russian Federation Oscar González Soto ITU Consultant Expert Strategic Planning and
Dr. Burkhard Lohr, CFO
Experience growth. K+S Group Q1/15 Results 13 May 2015 Dr. Burkhard Lohr, CFO K+S Group Highlights Group EBIT I of 317 million driven by a very strong performance in Salt, YoY price recovery in Potash,
Fundamentals of Project Finance
Fundamentals of Project Finance Jackie Fitzgerald 14 May 2007 Slide 1 Purpose of tutorial Provide an overview of how a project is typically financed Look at some basics - P&L, Balance Sheet and Cashflow
Green Meadows A Greystar Property
June 2, 2014 FINANCIAL PERFORMANCE LED LIGHTING INVESTMENT A Greystar Property 6/2/2014 1 Key Observations From our Analysis Day One Value Positive Cash Flow Financial Measures Increased Property Value
LO 1: Cash Flow. Cash Payback Technique. Equal Annual Cash Flows: Cost of Capital Investment / Net Annual Cash Flow = Cash Payback Period
Cash payback technique LO 1: Cash Flow Capital budgeting: The process of planning significant investments in projects that have long lives and affect more than one future period, such as the purchase of
Quarterly Report 01/2018
Q1 Quarterly Report 01/2018 CENTROTEC The European Energy-Saving Company Highlights > International expansion continues; stable development in German heating market > Group revenue up 1.5% on prior-year
ENERGY EATING INTO EBIT
A Power Efficiency White Paper ENERGY EATING INTO EBIT A report on the board-level need for energy representation THE SOLUTION This paper provides an insight into the issues which senior directors will
Life Cycle Analysis Money... and More
Life Cycle Analysis Money... and More Dorothy McCarty, AIA, LEED AP Lakeisha Lindsey October 15, 2015 listen engage advise deliver Factors affecting decision making Goals of the organization Market-driven
Addendum to Western Water s Corporate Plan 2016
Addendum to Western Water s Corporate Plan 2016 Western Water s Corporate Plan 2016 was issued to the Department of Environment, Land, Water and Planning (DELWP) in April 2016. Following finalisation of
Statkraft AS Interim Report Q1/2018
Statkraft AS Interim Report Q1/2018 Q1 Key figures NOK million 2018 2017 Change 2017 From income statement Gross operating revenues and other income 15 099 14 009 1 089 52 883 Net operating revenues and
INTERIM INVESTOR REPORT MITCHELLS & BUTLERS RETAIL LIMITED
INTERIM INVESTOR REPORT MITCHELLS & BUTLERS RETAIL LIMITED This Interim Investor Report covers the results for for the Semi Annual Period from 25 September 2016 to 8 April To: HSBC Trustee (C.I.) Limited
Integrated Financial Projections
=> unprotect worksheet (password: 0000) and replace by your own logo! Integrated Financial Projections Company name Legal form Model name Author X-ample Computech Ltd. Limited 5 Year Forecast TR File name
Quarterly Report 03/2018
Q3 Quarterly Report 03/2018 CENTROTEC The European Energy-Saving Company Highlights > Positive business development in German heating and ventilation market; CHP market well below expectations > Group
INDONESIA IMPACT INVESTMENT 100 MEGAWATT SOLAR GRID POWER 2,000 JOBS 10,000 SOCIAL HOUSES + 10 MW MINI GRID CLIMATE POLICY PROJECT »PEOPLESHOME«
IMPACT INVESTMENT CLIMATE POLICY PROJECT»PEOPLESHOME«IMPACT INVESTMENT 2,000 JOBS 10,000 SOCIAL HOUSES + 10 MW MINI GRID based on 100 MEGAWATT SOLAR GRID POWER ULRICH KRETZSCHMAR The issue of environment
Best Practice Modelling for Project Finance
Best Practice Modelling for Project Finance Course overview This course is aimed at Project Finance professionals who would like to improve their Excel skills and expand their knowledge of Best Practice
FOLLI FOLLIE GROUP First Quarter 2011 Financial Results. May 26 th, 2011
FOLLI FOLLIE GROUP First Quarter 2011 Financial Results May 26 th, 2011 Revenue split by geographical region North America 1,2% Asia incl. Japan 39,3% Greece 48,0% Europe 11,5% 763 total POS with 48 new
Sample Questions for Chapters 10 & 11
Name: Class: Date: Sample Questions for Chapters 10 & 11 Multiple Choice Identify the letter of the choice that best completes the statement or answers the question. 1. Sacramento Paper is considering
13 Mar Annual Budget
13 Mar 2018 Annual Budget 2018 Management Commentary on Revised Annual Budget 2018 The Company has revised the budget based on the interpretation of IFRS 15 Revenue from Contracts with Customers. The change
Interim Report Q1/2017 Statkraft AS
Interim Report Q1/2017 Statkraft AS 1 Key figures NOK million 2017 2016 Change 2016 From income statement Share of profit/loss in equity accounted investments 326 376-50 474 Gross operating revenues, underlying
Sustainable Energy Handbook
Sustainable Energy Handbook Module 6.1 Simplified Financial Models Published in February 2016 1 Introduction to simplified financial models The simplified financial model is a tool that enables to understand
SIX-MONTH INTERIM REPORT 2004
SIX-MONTH INTERIM REPORT 24 JANUARY-JUNE Net sales decreased by 2.4 per cent to SEK 57,71 million (58,498) Operating profit increased by 17.7 per cent to SEK 11,593 million (9,848) Net profit after tax
FINANCIAL PROJECTIONS: "Exotic Meat Company" A Startup to provide Kingly Food.
FINANCIAL PROJECTIONS: "" A Startup to provide Kingly Food. By Omer Erenturk (Mr.) Website: www.exoticmeatcompany.com Email: omer.erenturk@exoticmeatcompany.com Phone: +90 535 547 23 32 Table of Contents
Introduction to Discounted Cash Flow
Introduction to Discounted Cash Flow Professor Sid Balachandran Finance and Accounting for Non-Financial Executives Columbia Business School Agenda Introducing Discounted Cashflow Applying DCF to Evaluate
Dr. Burkhard Lohr, CFO
Experience growth. K+S Group Q3/15 Results 11 November 2015 Dr. Burkhard Lohr, CFO Highlights Q3/15 results EBIT I of 132 million on last year s level - EBITDA up 7% to 199 million Impressive performance
Latvenergo Group Unaudited Results 2016
Investor Conference Webinar Presentation Latvenergo Group Unaudited Results 216 9 March 217 Guntars Baļčūns, CFO Disclaimer This presentation and any materials distributed or made available in connection
PRACTICE TEST PAPER - 2 INTERMEDIATE (IPC): GROUP I PAPER 3: COST ACCOUNTING AND FINANCIAL MANAGEMENT
PRACTICE TEST PAPER - 2 INTERMEDIATE (IPC): GROUP I PAPER 3: COST ACCOUNTING AND FINANCIAL MANAGEMENT Question No. 1 is compulsory. Attempt any five questions from the remaining six questions. Working
Latvenergo Group Unaudited Results 9M 2016
Investor Conference Webinar Presentation Latvenergo Group Unaudited Results 9M 2016 7 December 2016 Guntars Baļčūns, CFO Disclaimer This presentation and any materials distributed or made available in
VERBUND AG,
VERBUND Resultsforquarters1-3/2016 Vienna, 09/11/2016 Results quarters 1-3/2016 Page 3 At a glance Influencing factors Water supply 7%-points above Q1 3/2015 and 1% above long-term average, decreased production
INTRODUCING THE INCOME STATEMENT
EXECUTIVE EDUCATION INTRODUCING THE INCOME STATEMENT ARJEN MULDER EXPLANATION OF THE TOPIC This video will familiarise you with the concept of an income statement, by showing: 1. What is the purpose of
Course Outline. Project Finance Modelling Course 3 Days
Course Outline Project Finance Modelling Course 3 Days Overview This training course provides the opportunity for delegates to practise and improve their abilities in project finance modelling using Excel.
Vattenfall Q2 Results 2008
Vattenfall Q2 Results 2008 Presentations by Lars G. Josefsson, CEO and Jan Erik Back, CFO Main topics to be discussed 2 CEO Lars G. Josefsson: Sales & earnings Production volumes Nuclear update Moorburg
For personal use only
GALAXY RESOURCES LIMITED FY2017 Results Presentation March 2018 ASX:GXY [xx] Slide 1 Disclaimer This document contains forward looking statements concerning the projects owned by Galaxy. Statements concerning
PRODUCTION TOOL. Economic evaluation of new technologies for pork producers: Examples of all-in all-out and segregated early weaning.
PRODUCTION TOOL Economic evaluation of new technologies for pork producers: Examples of all-in all-out and segregated early weaning John D. Lawrence, PhD Summary Objective: To describe a method to evaluate
ScottishPower Segmental Generation and Supply Statements for the year ended 31 December 2012
ScottishPower Segmental Generation and Supply Statements for the year ended 31 December 2012 Required under Standard Condition 16B of Electricity Generation Licences and Standard Condition 19A of Electricity
BEFESA BEFESA. Second Quarter 2016 Earnings Presentation
BEFESA Second Quarter 2016 Earnings Presentation 24 th August 2016 Forward-looking Statement This presentation contains forward-looking statements and information relating to Befesa and its affiliates
Leading provider of comprehensive energy and infrastructure services
BKW COMPANY PRESENTATION, 19 MARCH 2015 Leading provider of comprehensive energy and infrastructure services Suzanne Thoma, CEO / Ronald Trächsel, CFO Overview Financials FY 2014 Outlook and Strategy Summary
MULTIPLE-CHOICE QUESTIONS Circle the correct answer on this test paper and record it on the computer answer sheet.
M I M E 310 E N G I N E E R I N G E C O N O M Y Class Test #2 Thursday, 15 November, 2007 90 minutes PRINT your family name / initial and record your student ID number in the spaces provided below. FAMILY
Ozymandias LTM revenue is $800 million, and it has achieved EBITDA margins of 30% historically.
Paper LBO Model 30 Minutes ABQ Capital is considering a leveraged buyout of Ozymandias, a leading provider of generic pharmaceuticals, with distribution in all 50 states of the U.S. ABQ plans to purchase
Detour Gold Corp. (DGC:TSX)
(DGC:TSX) Updated Mineplan Largely As Expected February 6, 2014 Michael Curran, CFA (416) 507-3950 mcurran@beaconsecurities.ca Detour Gold s current focus is the ramp up of its 100%- owned Detour Lake
Municipality of Buriram, Thailand
TA-8566 REG: Mainstreaming Integrated Solid Waste Management in Asia - Solid Waste Management Team (46248-001) Prefeasibility Study Refuse Derived Fuel Project Municipality of Buriram, Thailand December
Latvenergo Group Unaudited Results 1H 2016
Investor Conference Webinar Presentation Latvenergo Group Unaudited Results 1H 216 5 September 216 Guntars Baļčūns, CFO Disclaimer This presentation and any materials distributed or made available in connection
Carsten Berkau: Bilanzen Solution to Chapter 9
Aufgabe 9.23: Inventory valuation and cost rates KRONSBERG Ltd. is a production firm. The company produces paper cups for cafeterias. The cups consist of paper and glue. On top there is a plastic lid.
Vattenfall Q2 and H1 results 2015
Vattenfall Q2 and H1 results 2015 Magnus Hall, CEO and Ingrid Bonde, CFO Presentation 21 July 2015 Financial highlights SEK bn Q2 2015 Q2 2014 H1 2015 H1 2014 FY 2014 Net Sales 36.1 36.6 81.5 82.5 165.9
Financial Incentives for Deploying Carbon Capture and Storage: Tom Wilson Sr. Program Manager CSLF Financing Roundtable 2010 April 6, 2010
Financial Incentives for Deploying Carbon Capture and Storage: How Much are they Worth? Tom Wilson Sr. Program Manager CSLF Financing Roundtable 2010 April 6, 2010 Background Carbon capture and storage
Lecture Guide. Sample Pages Follow. for Timothy Gallagher s Financial Management 7e Principles and Practice
Lecture Guide for Timothy Gallagher s Financial Management 7e Principles and Practice 707 Slides Written by Tim Gallagher the textbook author Use as flash cards for terminology and concept review Also
Guidelines Developing a Business Plan for an Integrated Resource Recovery Center
Guidelines Developing a Business Plan for an Integrated Resource Recovery Center April 2011 1. Executive Summary... 3 2. Background... 3 2.1. Solid Waste Management Situation... 3 2.2. Previous experience
ACCA Paper F9 Financial Management. Mock Exam. Commentary, Marking scheme and Suggested solutions
ACCA Paper F9 Financial Management Mock Exam Commentary, Marking scheme and Suggested solutions 2 Suggested solutions Section A D Statement A is incorrect: Matching (not smoothing) is where liabilities
Vattenfall Q3 results 2009
Vattenfall Q3 results 2009 Presentations by Lars G. Josefsson, CEO and Dag Andresen, CFO Agenda CEO Lars G. Josefsson: CFO Dag Andresen: Financial highlights Generation volumes Electricity price development
Statkraft AS Interim Report Q3/2018
Statkraft AS Interim Report Q3/2018 Q3 Key figures Third quarter Year to date Year NOK million 2018 2017 Change 2018 2017 Change 2017 From income statement Gross operating revenues and other income 14
Legislative support of RES in the Russian Federation. Russian Association of Wind Power Industry, RAWI
Legislative support of RES in the Russian Federation Russian Association of Wind Power Industry, RAWI RES support legislation principles The plan of capacity commissioning ( quotas for tender for LTCA
P R O S T Pension Reform Options Simulation Toolkit. Tatyana Bogomolova, World Bank, HDNSP
P R O S T Pension Reform Options Simulation Toolkit Tatyana Bogomolova, World Bank, HDNSP 1 Why Modelling? Many factors have to be taken into account when assessing a real pension system, and its different
MHI Vestas Offshore Wind A/S Annual report 2016/17 Management's review Financial highlights for the Group EUR 000 2016/17 (12 months) 2015/16 (12 months) 2014/15 (15 months) *2013 (12 months) Key figures
Interim Report January March
Interim Report January March 2013 Stable underlying operating profit despite challenging market conditions Net sales rose 1.4% to SEK 49,659 million (48,994) The underlying operating profit 1 was stable
Test Company Ltd._V.1 Sample Town. Financial Statement. For the business year ended 31 December KENDRIS Ltd.
Test Company Ltd._V.1 Sample Town Financial Statement For the business year ended 31 December 2015 KENDRIS Ltd. Place, DD/MM/YYYY Test company Ltd_V.1 Sample Street P. O. Box 5000 Sample Town Financial
HOW TO GUIDE. The FINANCE module
HOW TO GUIDE The FINANCE module Copyright and publisher: EMD International A/S Niels Jernes vej 10 9220 Aalborg Ø Denmark Phone: +45 9635 44444 e-mail: emd@emd.dk web: www.emd.dk About energypro energypro
CONSOLIDATED FINANCIAL STATEMENTS
CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER ENDESA, S.A. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF FINANCIAL POSITION AT 31 DECEMBER AND 31 DECEMBER ASSETS 31 December 31 December