Price electricity

Amount of electricity sold

0.17
74898.00
2016

2017

2018
12733
12733

2019
13115
13115

2020
13508
13508

2021
13913
13913

2022
14331
14331

2023
14761
14761

2024
15203
15203

Costs
Biomass
Work force
Maintenance
Insurance
Fuel
Administration
Depreciation 5y
Depreciation 10y
Depreciation 30y

9860
1095
1100
880
665
200
55
1446
4249
170

9980
1128
1133
906
685
206
57
1446
4249
170

10103
1162
1167
934
705
212
58
1446
4249
170

10230
1197
1202
962
727
219
60
1446
4249
170

10361
1232
1238
990
748
225
62
1446
4249
170

9050
1269
1275
1020
771
232
64

9189
1307
1313
1051
794
239
66

4249
170

4249
170

Operational profit before taxes

Exempted from taxes
Operational profit before taxes after ex.
Taxes

2873
2873
0
0

3135
3135
0
0

3405
3405
0
0

3683
3683
0
0

3969
3969
0
0

5710
0
5710
1599

6014
0
6014
1684

Operational profit after taxes

+ depreciation
- Dworking capital
- investments

2873
5865
1435

3135
5865
43

3405
5865
44

3683
5865
46

3969
5865
47

4111
4419
48

4330
4419
50

7303
3
5487

8957
4
6118

9225
5
5728

9502
6
5364

9787
7
5022

8482
8
3957

8699
9
3689

2020
1572

2021
1618

2022
1665

Sales
Sales electricity

40000

50
24550

Present values FCFs

-40000
1
-36364

-24600
2
-20331

NPV

16333

IRR

12.8%

Profitability index

28.7%

FCFs

Computation of working capital

Payback period

2017
50

Discounted payback period

16

2018
1485

2019
1528

PI-index = net present value / investment

Data Table with two variables p & q

16333
0.10
0.11
0.12
0.13
0.14
0.15
0.16
0.17
0.18
0.19
0.20
0.21
0.22
0.23
0.24
0.25

50000
-46547
-42481
-38415
-34349
-30284
-26218
-22152
-18086
-14020
-9954
-5889
-1823
2243
6309
10375
14441

55000
-42481
-38009
-33536
-29064
-24591
-20119
-15647
-11174
-6702
-2229
2243
6716
11188
15660
20133
24605

60000
-38415
-33536
-28657
-23778
-18899
-14020
-9141
-4262
617
5496
10375
15254
20133
25012
29891
34770

65000
-34349
-29064
-23778
-18493
-13207
-7921
-2636
2650
7935
13221
18506
23792
29078
34363
39649
44934

70000
-30284
-24591
-18899
-13207
-7515
-1823
3869
9562
15254
20946
26638
32330
38023
43715
49407
55099

75000
-26218
-20119
-14020
-7921
-1823
4276
10375
16474
22572
28671
34770
40869
46967
53066
59165
65264

Working capital = c

Current assets = in

Current liabilities =

Average receivable

Average payables

2025
15660
15660

2026
16129
16129

2027
16613
16613

2028
17112
17112

2029
17625
17625

2030
18154
18154

2031
18698
18698

2032
19259
19259

2033
19837
19837

2034
20432
20432

2035
21045
21045

2036
21677
21677

2037
22327
22327

2038
22997
22997

9332
1347
1353
1082
818
246
68

9480
1387
1393
1115
842
253
70

9632
1429
1435
1148
868
261
72

5539
1472
1478
1183
894
269
74

5700
1516
1523
1218
921
277
76

5866
1561
1568
1255
948
285
78

6037
1608
1615
1292
977
294
81

6213
1656
1664
1331
1006
303
83

6394
1706
1714
1371
1036
312
86

6581
1757
1765
1412
1067
321
88

6773
1810
1818
1455
1099
331
91

6971
1864
1873
1498
1132
340
94

7175
1920
1929
1543
1166
351
96

7385
1978
1987
1589
1201
361
99

4249
170

4249
170

4249
170

170

170

170

170

170

170

170

170

170

170

170

6327
0
6327
1772

6650
0
6650
1862

6982
0
6982
1955

11573
0
11573
3240

11925
0
11925
3339

12288
0
12288
3441

12662
0
12662
3545

13046
0
13046
3653

13443
0
13443
3764

13851
0
13851
3878

14272
0
14272
3996

14705
0
14705
4117

15152
0
15152
4242

15611
0
15611
4371

4556
4419
51

4788
4419
53

5027
4419
55

8332
170
56

8586
170
58

8847
170
60

9116
170
61

9393
170
63

9679
170
65

9973
170
67

10276
170
69

10588
170
71

10909
170
73

11240
170
75

8923
10
3440

9154
11
3208

9391
12
2992

8446
13
2447

8698
14
2290

8958
15
2144

9225
16
2008

9500
17
1880

9784
18
1760

10076
19
1647

10377
20
1542

10687
21
1444

11006
22
1352

11335
23
1266

2023
1713

2024
1763

2025
1815

2026
1868

2027
1922

2028
1978

2029
2036

2030
2096

2031
2157

2032
2220

2033
2285

2034
2352

2035
2421

2036
2493

ing capital = current assets - current liabilities

nt assets = inventories + accounts receivable + cash

nt liabilities = accounts payable

ge receivables period = average accounts receivable / sales per day

Average receivables period = 45 days = ? / (12733/365)
Average accounts receivable = 12733*45/365

ge payables period = average accounts payable / daily cost of goods sold

Average payables period = 45 days = ? / (1095/365)
Average accounts payable = 1095*45/365

2039
23686
23686

2040
24397
24397

2041
25129
25129

2042
25883
25883

2043
26659
26659

2044
27459
27459

2045
28283
28283

2046
29131
29131

2047
30005
30005

7602
2037
2046
1637
1237
372
102

7825
2098
2108
1686
1274
383
105

8054
2161
2171
1737
1312
395
109

8291
2226
2236
1789
1352
407
112

8535
2293
2303
1843
1392
419
115

8786
2361
2372
1898
1434
431
119

9044
2432
2443
1955
1477
444
122

9310
2505
2517
2013
1521
458
126

9584
2580
2592
2074
1567
471
130

170

170

170

170

170

170

170

170

170

16085
0
16085
4504

16572
0
16572
4640

17075
0
17075
4781

17592
0
17592
4926

18125
0
18125
5075

18674
0
18674
5229

19239
0
19239
5387

19821
0
19821
5550

20421
0
20421
5718

11581
170
78

11932
170
80

12294
170
82

12666
170
85

13050
170
87

13445
170
90

13852
170
93

14271
170
96

14703
170
-3333
5000

11673
24
1185

12022
25
1110

12381
26
1039

12751
27
973

13132
28
911

13525
29
853

13929
30
798

14346
31
747

13206
32
625

2037
2566

2038
2641

2039
2719

2040
2799

2041
2882

2042
2967

2043
3054

2044
3144

2045
3237

2046
3333