Professional Documents
Culture Documents
Financial Projections
A. Rooms
B. Occupancy Rate
C. Average room rent (in Rs.)
2280
2410
2490
2620
2806
3161
3311
60%
61%
62%
63%
64%
65%
66%
2500
2875
3306
3802
4373
5028
5783
1248.30
1542.69
1863.03
2290.70
2866.10
3771.03
4612.36
properties
E. Food & beverage revenues
F. Revenue from owned
811
1003
1211
1489
1863
2451
2998
2059.695
2545.432
3073.998
3779.655
4729.071
6222.199
7610.391
87.38
107.99
130.41
160.35
200.63
263.97
322.87
2147
2653
3204
3940
4930
6486
7933
properties
G. Management fees from
managed properties
H. Total revenue
I. Material Expenses
309
382
461
567
709
933
1142
J. Personnel expenses
309
382
461
567
709
933
1142
371
458
553
680
851
1120
1370
371
458
553
680
851
1120
1370
1359
1680
2029
2495
3121
4107
5023
PANEL IV
L. EBDIT
788
M. Depreciation
119.70
973
132.32
1176
1445
1809
2380
2910
139.86
165.07
209.51
292.85
328.35
N. EBIT
668
841
1036
1280
1599
2087
2582
O. NOPLAT
534
673
829
1024
1279
1669
2066
654
805
968
1189
1489
1962
2394
Q. Gross Investments
302
352
446
359
399
570
712
478
1085
1848
404
114
600
800
1216
1178
operations (P-Q)
S. Non-operating cash flow
300
352
659
570
478
1004
914
1178
T. Free cash flow
-------------------------- ---------------------- --------------------------- ---------------------- ---------------------- ---------------------- ---------------------- ----------------------
-------------------------- ---------------------- --------------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------A. Current assets (beginnig)
516
618
764
922
1134
1419
1867
618
764
922
1134
1419
1867
2283
102
146
159
212
285
448
416
2110
2310
2610
2850
3350
4150
5550
200
300
240
500
800
1400
800
F. Acc. depreciation
600.00
719.70
852.02
991.88
1156.95
1366.46
1659.31
1710.00
1890.30
1997.98
2358.12
2993.05
4183.54
4690.69
119.70
132.32
139.86
165.07
209.51
292.85
328.35
D. Gross block
E. Capital expenditure
H. Depreciation
Weight of Equity
Weight of Debt
95%
5%
17.44%
17.02%
Continueing value
17509
Assumptions
Increase in Average Room Rent
(Annual)
15%
65%
of room rent
15%
15%
18%
18%
Management Fee
Working Capital
Rate of depreciation
Effective tax rate
MArket value of equity
7%
30%
7%
20%
17100
million
900
million
Cost of debt
9%
12%
8%
0.68
365
14%
Growth rate of cash flow after 7th year
========================== ============ ============================= ============ ============ ============ ============
Year
FCAA
PVIF
PV
0.53365 254.9043
17509.33
Vslue of Debt
900
Value of Euq.
16609.33