Professional Documents
Culture Documents
CHAPTER I:
EXECUTIVE SUMMARY
PE Administrators data
Name:
Adress:
Date of flotation:
Current Account:
PE Vojvodinaforests Petrovaradin
Petrovaradin, Preradovieva 2
08.05.2002.
345-5668-64; 335-10521-20; 265-2010310003850-51;
160-109543-83; 355-1099947-33
021/431-144
021/6432-139
vsume@eunet.yu
Marta Taka, forestry ingeneer
1.551
Phone:
Faks:
E- mail:
Director of PE:
Number of employees:
Autor 2
Autor 3
Autor 4
Ivana
Vasi
BSc in Forestry
Miljan
Veloji
MSc in Forestry
Sneana
Kova
BSc in Forestry
Phone:
Faks:
E- mail:
Anticipated investment
(for the period 01.07.2011-31.12.2012.)
Anticipated investment
Fixed assets
Amount ( EUR )
12.300
Current assets
501
TOTAL :
12.801
Sources of funding
Sources of funding
own funds
Amount ( EUR )
12.801
other
TOTAL:
12.801
59.143,33 EUR
1 employed
ROI investment
Gift shop opening in the territory of PA "Deliblato Sand" has many positive
effects. First of all, contributes to the mission and through increased tourism this protected
areas. It is expected that a number of positive results for the Company so behind the wider
community. With an initial investment of 12,801 euros Companies din. reduces the loss of the
protected areas of the market with the involvement of local population growth trends that are
suppliers to a number of products on offer gift shop.
From the standpoint of the local community of this land will in the period ahead will
provide a range verdnosti arising from increased market conditions in the territory.
Economically this project is viable with respect to refund the entire investment can be
expected in the third year. According to this it is considered that the above venture entirely
justified.
CHAPTER II:
DESCRIPTION OF THE SNR
DELIBLATO SAND
Location and facilities (products)
Special nature reserve (SNR) Deliblato sands is one of the last and the largest oasis of
sand, steppe, forest and wetland vegetation of the Pannonian Plain. SNR Deliblato sands,
unique in Europe, is located in south-eastern part of Vojvodina province, on regional road
between Belgrade and Timisoara (Romania).
This spacious area, with a total surface of 35.000 ha and numerous ellipsoidal sandy
masses surrounded with fertile agricultural land, is located between Danube River and
Carpathian slopes. This reserve is one of the greatest centre of biodiversity in Europe and the
region of extraordinary, universal value for nature protection and for science. The reserve is
adorned by the natural rarities, especially by the imperial eagle and the steppe falcon. Ramsar
site Labudovo okno is one habitat of swamp birds as well as biggest migratory area in this part
of Europe.
Deliblato Sands is the largest European continental sandstone. It is built from silicatecarbonate sand eolian origin whose formation was during the Ice Age. In the historical period
was covered with forest vegetation of oak and linden trees and grass steppe vegetation
formations. In the 18th century there has been a destruction of vegetation Deliblato sand cutting
and burning of forests so that the detected area of 16,800 ha.
East wind, hurricane-force started is not related to sand mass and bombed the
surrounding agricultural lands. The only way to open areas of moving sand mass was stabilized
afforestation. 1818th was started in reforestation of open sand vejaa Deliblato sand, and have
successfully completed 1907. Since 1912, protection forests receive Deliblato sand and
economic importance. Since that year, are managed by first the management study. Between
the two world wars Deliblato sand forests are managed according to principles of traditional
forestry. In the period after World War II, and especially 70 of the last century the idea of nature
prevails so Deliblatska sandstone acquired the status of the protected area.
2002 Decree of the Government of the Republic of Serbia has been declared a Special
Nature ReserveDeliblato sand to 35,000 ha. Separated zones were first, second and third level
of protection and covers areas Deliblato sand and surrounding pastures, easy ranges and part of
the Danube.
The first level of protection zone which consists of 7% of the reserves allowed for
scientific research and education controlled. Second level of protection zone covers 23% of it is
allowed in animal husbandry, beekeeping, fishing and tourism activities, while the third level of
protection zones to 70% of the reserve main economic activity is forestry, and water areas
commercial fishing. Specificity Deliblato sand is its forest-steppe vegetation is unique in the
Pannonian Plain, expressed relief dinski whose altitude ranging between 70-197 m, while the
relative sea level reached up to 30 m. The climate is temperate-continental, with a specific
microclimate, characterized by early and late frosts and large temperature variations between
-25 and +45 degrees Celsius. During the winter east wind blows, which can reach speeds of 140
km / hour. Deliblato sand the area with no surface water courses. Although during the year there
are about 630 mm of rainfall they are through the underground oceuju towards the Danube.
Groundwater at the rim Deliblato sand lie at a depth of 30 m while in the central part released at
a depth of 200m.
Flora features of sand, steppe, forest and wetland communities. Of nearly 900 plant
species that inhabit its most characteristic Deliblatska sandstone plants steppe habitat: Banat
peony, peony steppe, almond, etc. Juniper is the only autochthonous conifer while wild trees
constructed from virgilijskog oak and white lime. More than half of the surface Deliblato sand
covered with acacia trees and red and white pine.
Fauna is characterized by species of steppe habitats: the imperial eagle, prairie falcon,
mole rat, gerbil and steppe continued presence of wolves, deer, roe deer and wild boar. On the
banks of the Danube water ecosystems are nesting wading birds and temporary dwellings on
the path of migratory birds, while the open area of the Danube is characterised with mass
wintering ducks and geese. Forests of Deliblato sand are primarily of protective character. They
are economically managed, in this way provided funds are used for the protection and promotion
of the reserve. Of state resources from the budget provides 5% of the most pressing investment
protection and promotion of SRPDeliblato sand, and is therefore protected areas in alarming
condition. The purpose of a business plan is the provision of additional funding sources for the
SNR Deliblato sand. At the operational level, management authority of SNR Deliblato Sand is
Public Enterprise Vojvodinaume Petrovaradin, Forest Estate Banat Panevo.
Mission statement
U skladu s namenom zatite, vizija rezervata je: SRP Deliblatska peara je
samoodrivi rezervat ouvanog biodiverziteta i unapreenog upravljanja, sa izgraenom
infrastukturom, uz razvijen odrivi turizam u kome ivi i radi obrazovano stanovnitvo u
socijalnom blagostanju.
Strateki ciljevi ovog zatienog podruja su:
Ouvanje predela, ekosistema, retkih i endeminih vrsta u SRP Deliblatska
peara i unapreenje biodiverziteta;
Enabling legislation
Zatita prirode u Republici Srbiji ureena je sa vie pravnih propisa. Za Specijalni
rezervat prirode (SRP) Deliblatska peara osnovni pravni propis je Zakon o zatiti prirode
(Slubeni Glasnik Republike Srbije br.36/2009) i pratea podzakonska akta. Ovim Zakonom se
definiu kategorije zatienog podruja i osnovni dokumenti upravljanja. Zatim, Uredba o zatiti i
razvoju SRP Deliblatska peara, u kojoj su date mere izvoenja radova za reime-stepene
zatite i koja definie ko upravlja zatienim podrujem. U donoenju uredbe o zatiti uestvuje
Zavod za zatitu prirode. Sem navedenog, Pravilnik o unutranjem redu i uvarskoj slubi,
jednim delom definie mere zatite ouvanja i korienja zatienog podruja.
Sve aktivnosti vezane za upravljanje zatienim podrujem i njihovo sprovoenje su u
nadlenosti Ministarstva ivotne sredine i prostornog planiranja. Struni poslovi na zatienom
prirodnom dobru su povereni Pokrajinskom i Republikom zavodu za zatitu prirode.
CHAPTER III:
MARKETING STRATEGY
Description of PA Products/Services (activities)
The greatest challenge in protected areas having settlements and various human
activities is to find the appropriate balance between the conservation and enhancement of
natural resources and environmental conditions and the legitimate requirements of local people
for development and better living conditions. Having in mind that conservation measures have to
be in accordance with development opportunities, restriction of activities in some core natural
areas should be compensated and local communities must have the opportunity to develop
some economic activities.
Based on the mentioned principles in paragraph one just above, the aim of the business
plan is to open a traditional products shop in the SNR Deliblato sand (SNRDS) in order to offer
a place for the local inhabitants to sell their agriculture products and at the same time the PA
generate incomes that will be help it in implementing different managerial tasks. The traditional
shop of SNRDS is conceptualized as a service offering a place where demand from national
park visitors meets the supply from local producers. More precisely, it is a place where a
traditional food, plant product of local people living in the PA and its buffer zone is offered to
tourists - PA visitors. Therefore customers of the shop - service are both PA visitors as buyers
and local producers as suppliers of the food products, and the national park management
authority is a retailer.
The concept of a shop offering local, traditional products within a protected area is not a
new one. It is proved to be working in economically developed countries (Austria, Germany and
Italy) where the visitors are willing to pay significant amount of money for food products having
an environmental quality mark of a protected area.
The research and analysis of the PA, first of all its social and economic characteristics
and development perspectives, has shown that there is a significant unused potential for
establishment of the shop in the SNRDS. There is on one side growing number of visitors,
especially the foreign ones searching for authentic feeling and taste of "European Sahara".
Majority of them are familiar of the traditionally food and gift shop concept, as they are able to
experience it in their own countries. On the other hand, agriculture has always been the main
economic activity in the Vojvodina, with local inhabitants still being involved in small-scale,
organic food production1. Furthermore, there is no official, constant place where local people can
sell their surplus. Tourists can buy them only if they run into locals selling their goods unofficially
near the road, in their houses or markets of the neighbouring towns. In addition, a growing part
of the local population is engaging in tourism-related activities to supplement income from
agriculture and/or fishing. These are positive factors for building support and commitment for
environmental protection; as such this type of tourism depends on environmental quality as a
key part of the tourism product.
Therefore, the gift shop will give an opportunity for the locals to market their goods in a
convenient way and close place, receiving higher price and a secure income. The visitors will
have the opportunity to obtain at the same time an authentic souvenir, a present, an attested,
high-quality, tasty food product of controlled origin, and memory of a beautiful place. The
management, as the connecting party offering the service, will have the economic benefit from
the products added value and from the brand development and product labelling. The income
1
Use of fertilizers and pesticides are minimized with the monitoring of the agronomist, and the
regulations for their use follow international practice for bio-agriculture.
gained from the shop will be used for further enhancement of the management tasks and
activities of the PA.
Therefore, the basic aim, or better to say a cause, of the business plan is to establish the
traditional food product shop in the PA in order to create a strong linkage between the
sustainable agricultural production, market recognition, and the continued, careful stewardship of
natural and cultural heritage. Having an extraordinary array of authentic traditional food products
identified with the park areas in which they are grown the shop will be a place to link nature,
culture, traditional knowledge and land with local well-being and decision-making.
The food products that will be offered in the PA shop will be the following ones (please
see table):
NAME OF
PRODUCTS
DOMESTIC
SCHNAPPS /
BRANDY
RAKIJA /
TEA
AJEVI
SIRUP
ZOVA
MEAT
SUVOMESNATE
PRERAEVINE
PRODUCTS
JAM
KLEKA
DZEM
MED
WINE
KLAMATH
VINO
ULJE
FRUIT
PRESERVE
HANDICRAFTS
OD
IPURKA,
HONEY
WEED OIL
SPECIFICS
NAME
The brandy is made from the grapes in special boilers where with the
fermentation almost during the whole day, a drop by drop, you get a drink
similar to Russian vodka, but stronger and with more aromatic. In the
bottle with brandy is putted special roof named kleka.
Teas from herbs that grow on the territory of PA. Dried and packed in
bags made of natural materials
Syrup made from Sambucus nigra flower packed in bottles of half a litter.
It is known that the elder has a positive effect in neutralizing the virus and
the virus types A and B
Meat products smoked and dried naturally from beef and pork (sausage,
ham sausage ...)
Jams are made from rose hip which are cooked with water and sugar and
kept in jars.
The most precious honey is produced from variety of flowers growing in
PA.
The red and white wine characteristic for the area of Vrac.
OD
KANTARIONA
Klamath weed oil packed in small bottles. Useful for burns and wounds
and restoring skin redness
SLATKO
Fruit preserve is made in similar way like jam, but with more sugar and it
contains whole pieces of fruit.
Handmade souvenirs produced of locals made of materials from the DS
eg. pinecones, sand, wood etc.
Analyzing the market main four groups of customers has been identified: (a) Tourists, (b)
Restaurants and Hotel owners, (c) Residence.
Both international and domestic tourists visiting the SNRDS are often interested in buying
quality, well preserved and packed traditional food products as souvenirs or gift for their friends
or families, are main target group.
Second group of customers are small scale restaurants and hotel owners localized
outside (even in the capital of Belgrade about 50 km off) the SNRDS that provide various
services to the customers visiting the PA who would be interested to have traditional food
products added their menu.
People who are using the main routes passing through or within the SNRDS and would
like to buy some things special to eat or drink en route to their destinations. These individuals
could be private individuals, scientists, passengers, or holiday makers etc.
And importantly also the local residents who are engaged in activities other than
agriculture and are interested in buying traditional local food products which are of high quality,
well packed and preserved.
Speaking abouth main competitors they are represented in wine selers and people link
with producers of wine. When we are analyzing the competitors of another products they are
mostly insignificant and represeted in local people who is seling products on local markets.
NAME OF PRODUCTS
LOCAL PRICES
5 eur/liter
PROPOSED PRICES
9 eur/liter
0,8 eur/20gr.
2 eur/liter
10 eur/kg
3,2 eur/kg
1 eur/20gr.
3,3 eur/0,5 liter
20 eur/kg
4 eur/kg
3 eur/jar
3,2 eur/liter
3,2 eur/1 dcl
5 eur/jar
5 eur/liter
4 eur/dcl
FRUIT PRESERVE
3,2 eur/kg
4 eur/kg
HANDICRAFTS
4 eur/jar
5 eur/jar
SCHNAPPS / BRANDY
TEA
SIRUP
MEAT PRODUCTS
JAM
HONEY
WINE
KLAMATH WEED OIL
SOURCE: Authors
Prices of food products that will be sold in the PA shop are slightly higher than of the
industrial products sold in ordinary grocery shops. Therefore, having in mind that they are
produced in a certified healthy environment PA, in a traditional way, that they are organic and
very tasty, and contain cultural value of the region, it can be argued that the prices are
reasonable and rather competitive.
CHAPTER IV:
MANAGEMENT
Organizational Structure of PE Vojvodinasume
Management of PE Vojvodinasume
Management of the PE are the Board of the Company and the Executive Board of
Directors headed by the director of PE. The monitoring function is realized through the
Supervisory Board of the Company. The current session of the Management and Supervisory
Board was elected at the Assembly of AP Vojvodina, held on 28.05.2009.
Board of Directors of the Company has eleven members, of which five members from
among the employees of the Company. Members outside the Company:
1.
2.
3.
4.
5.
6.
The Supervisory Board of the Company has five members, two from among the
employees of the Company. Members outside the Company:
1.
2.
3.
Executive Board of Directors has twelve members, Director, six assistant directors and
five directors in enterprise.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
CHAPTER V:
FINANCIAL PLAN
Financial analysis
In recent years it is evident that the presence of the gap between revenues and
expenditures generating PA. The amount of expenditure is far in excess of revenue by PA, and
PA from year to year makes losses (abouth 150.000 euro per jear) . The purpose of this
business plan is the establishment of gift shop that would reduce their incomes to mention the
loss of PA.
investment
Total
II
Fixed assets
buildings
Equipment
Others
Current assets
12.300
10.000
1.800
500
501
III
TOTAL (I+II)
12.801
investment
Total
I
II
Own funds
Own funds
Loan
12.801
12.801
0
III
TOTAL (I+II)
12.801
100,00%
100,00%
0,00%
0,00%
100,00%
Financial planning
8.2. FORMATION OF TOTAL INCOME
TOT AL
U EUR
YEARS
2
1
Num.
PRODUCT / SERVICE
metric
1
2
3
4
5
6
7
8
9
10
annual
quantity
price unit
Income
5=3x 4
SCHNAPPS / BRANDY
TEA
SIRUP
MEAT PRODUCTS
JAM
HONEY
WINE
KLAMATH WEED OIL
FRUIT PRESERVE
HANDICRAFTS
l
pc
l
kg
pc
pc
l
pc
pc
pc
620
2.750
595
600
725
630
580
1.205
1.460
1.145
9,00
1,00
3,50
20,00
4,00
5,00
5,00
4,00
4,00
5,00
TOTAL
annual
price unit
quantity
6
5.580
2.750
2.083
12.000
2.900
3.150
2.900
4.820
5.840
5.725
620
3.350
775
780
910
810
700
1.510
1.830
1.450
annual
price unit
quantity
Income
8=6x 7
9,00
1,00
3,50
20,00
4,00
5,00
4,00
4,00
4,00
5,00
5.580
3.350
2.713
15.600
3.640
4.050
2.800
6.040
7.320
7.250
47.748
770
4.050
960
960
1.090
990
820
1.860
2.180
1.810
10
Income
11=9x 10
9,00
1,00
3,50
20,00
4,00
5,00
4,00
4,00
4,00
5,00
58.343
6.930
4.050
3.360
19.200
4.360
4.950
3.280
7.440
8.720
9.050
71.340
U EUR
YEARS
1
Num.
PRODUCT / SERVICE
metric
annual
quantity
price unit
Income
annual
quantity
price unit
Income
annual
quantity
price unit
Income
5=3x 4
8=6x 7
10
11=9x 10
SCHNAPPS / BRANDY
500
9,00
4.500
500
9,00
4.500
600
9,00
5.400
2
3
TEA
SIRUP
pc
l
2.100
500
1,00
3,50
2.100
1.750
2.600
650
1,00
3,50
2.600
2.275
3.200
800
1,00
3,50
3.200
2.800
4
5
MEAT PRODUCTS
JAM
kg
pc
500
600
20,00
4,00
10.000
2.400
650
750
20,00
4,00
13.000
3.000
800
900
20,00
4,00
16.000
3.600
6
7
HONEY
WINE
pc
l
500
500
5,00
4,00
2.500
2.000
650
600
5,00
4,00
3.250
2.400
800
700
5,00
4,00
4.000
2.800
8
9
pc
pc
1.000
1.200
4,00
4,00
4.000
4.800
1.250
1.500
4,00
4,00
5.000
6.000
1.550
1.800
4,00
4,00
6.200
7.200
10
HANDICRAFTS
pc
1.000
5,00
5.000
1.250
5,00
6.250
1.550
5,00
7.750
TOTAL
39.050
48.275
58.950
U EUR
GODINE
2
1
Num.
SCHNAPPS / BRANDY l
TEA
SIRUP
god.
cena po
uk.
god.
cena po
uk.
god.
cena po
uk.
koliina
jed.mere
prihod
koliina
jed.mere
prihod
koliina
jed.mere
prihod
5=3x 4
8=6x 7
10
11=9x 10
20
15,00
300
20
15,00
300
20
15,00
300
pc
150
1,00
150
150
1,00
150
150
1,00
150
25
3,50
88
25
3,50
88
25
3,50
88
MEAT PRODUCTS
kg
30
16,00
480
30
16,00
480
30
16,00
480
5
6
JAM
HONEY
pc
pc
40
60
4,00
5,00
160
300
40
60
4,00
5,00
160
300
40
60
4,00
5,00
160
300
7
8
WINE
KLAMATH WEED OIL
l
pc
20
60
4,00
4,00
80
240
20
60
4,00
4,00
80
240
20
60
4,00
4,00
80
240
9
10
FRUIT PRESERVE
HANDICRAFTS
pc
pc
80
4,00
5,00
320
0
80
4,00
5,00
320
0
80
4,00
5,00
320
0
TOTAL
2.118
2.118
2.118
U EUR
YEARS
2
1
Num.
annual
quantity
1
2
3
SCHNAPPS / BRANDY l
TEA
pc
SIRUP
l
MEAT PRODUCTS
5
6
JAM
HONEY
price unit
Income
5=3x4
annual
quantity
6
price unit
Income
8=6x 7
annual
quantity
9
price unit
Income
10
11=9x 10
100
500
70
15,00
1,00
3,50
1.500
500
245
100
600
100
15,00
1,00
3,50
1.500
600
350
150
700
135
15,00
1,00
3,50
2.250
700
473
kg
70
16,00
1.120
100
16,00
1.600
130
16,00
2.080
pc
pc
85
70
4,00
5,00
340
350
120
100
4,00
5,00
480
500
150
130
4,00
5,00
600
650
7
8
9
WINE
l
KLAMATH WEED OIL pc
FRUIT PRESERVE
pc
60
145
180
4,00
4,00
4,00
240
580
720
80
200
250
4,00
4,00
4,00
320
800
1.000
100
250
300
4,00
4,00
4,00
400
1.000
1.200
10
HANDICRAFTS
145
5,00
725
200
5,00
1.000
260
5,00
1.300
TOTAL
pc
6.320
8.150
10.653
Num
PRODUCT / SERVICE
metric
price unit
0
Year
(investments)
5=3X4
1
2
3
4
5
6
7
8
9
10
SCHNAPPS / BRANDY
TEA
SIRUP
MEAT PRODUCTS
JAM
HONEY
WINE
KLAMATH WEED OIL
FRUIT PRESERVE
HANDICRAFT S
l
kom
l
kg
kom
kom
l
kom
kom
kom
5,00
0,80
2,00
10,00
3,20
3,00
3,20
3,20
3,20
4,00
U EUR
YEAR OF PROJECT LIFE
1
6=3X4
7=3X4
8=3X4
0
0
0
0
0
0
0
0
0
0
3.100
2.200
1.190
6.000
2.320
1.890
1.856
3.856
4.672
4.580
3.100
2.680
1.550
7.800
2.912
2.430
2.240
4.832
5.856
5.800
3.850
3.240
1.920
9.600
3.488
2.970
2.624
5.952
6.976
7.240
31.664
39.200
47.860
Num
PRODUCT / SERVICE
0
Year
(investments)
1
2
3
4
5
6
7
8
9
10
SCHNAPPS / BRANDY
TEA
SIRUP
MEAT PRODUCTS
JAM
HONEY
WINE
KLAMAT H WEED OIL
FRUIT PRESERVE
HANDICRAFTS
TOTAL
0
0
0
0
0
0
0
0
0
0
0
U EUR
YEAR OF PROJECT LIFE
1
3.100
2.200
1.190
6.000
2.320
1.890
1.856
3.856
4.672
4.580
31.664
3.100
2.680
1.550
7.800
2.912
2.430
2.240
4.832
5.856
5.800
39.200
3.850
3.240
1.920
9.600
3.488
2.970
2.624
5.952
6.976
7.240
47.860
8.3.2. ENERGY
Num
PRODUCT / SERVICE
metric
annual
unit price
quantity
3
energy
TOTAL
0
Year
(investments)
U EUR
YEAR OF PROJECT LIFE
5=3X4
200
6=3X4
7=3X4
8=3X4
0
0
200
200
200
200
200
200
8.3.3. Amortization
U EUR
Num
Description
Number
Acquisition
of years
value
of use
2
Buildings
Equipment
TOTAL
10.000
1.800
40
10
250
180
430
250
180
430
The total
value at the
end of the
project
7=2-(4+5+6)
250
180
430
9.250
1.260
10.510
Num
Description
0
Year
(investments)
0
0
0
U EUR
YEAR OF PROJECT LIFE
1
4.763
4.763
3.339
8.102
5.002
5.002
3.651
8.653
5.252
5.252
3.834
9.086
Num
Description
0
Year
(investments)
1
2
3
4
U EUR
YEAR OF PROJECT LIFE
1
300
1.000
500
500
2.300
300
1.000
500
500
2.300
300
1.000
500
500
2.300
0
8.3.5. INCOME STATEMENT
U EUR
YEAR OF PROJECT LIFE
Num
Description
0
Year
47.748
39.966
31.664
200
8.102
7.781
2.300
300
2.000
5.481
430
430
0
5.051
505
4.546
58.343
48.053
39.200
200
8.653
10.290
2.300
300
2.000
7.990
430
430
0
7.560
756
6.804
71.340
57.146
47.860
200
9.086
14.194
2.300
300
2.000
11.894
430
430
0
11.464
1.146
10.318
1
2
a
b
c
3
4
a
b
5
6
a
b
7
8
9
Num
annual quantity
Days of
binding
1
2
3
4
A
5
6
7
B
C
Coefficient
4=360/3
U EUR
Need working
capital
5=2/4
57.146
57.146
71.340
71.340
7
7
1
1
51
51
360
360
47.860
430
9.086
7
360
30
51
1
12
1.111
1.111
198
198
2.619
931
430
757
2.118
501
8.7.CASH FLOW
U EUR
YEAR OF PROJECT LIFE
Num.
Description
0
Year
0
0
47.748
47.748
58.343
58.343
71.340
71.340
12.801
12.801
12.300
501
0
0
-12.801
42.771
51.109
60.592
42.266
505
4.976
50.353
756
7.234
59.446
1.146
10.748
I
1
3
a
b
II
4
a
b
5
6
III
TOTAL INFLOW
Total income
The rest of the project value (a+b)
Fixed assets
Current assets
TOTAL CASH
Investments (a+b)
Fixed assets
Current assets
Operating costs
Income taxes
NET INFLOW (I-II)
YEAR OF
PROJECT
LIFE
0
0
1
2
3
Net revenues
Year amount
-12.801
4.976
7.234
10.748
-12.801
-7.825
-591
10.157
Description
0
Year
(investments)
-12.801
4.976
7.234
10.748
8,000%
1,0000
8,000%
0,9259
8,000%
0,8573
8,000%
0,7938
-12.801
4.607
6.202
8.532
1
2
3
4
Cumulative
sum (2-5)
6
19.341
6.541
1,511
1
2
3
4
5
6
7
Description
0
Year
(investments)
Cumulative
sum (2-5)
-12.801
4.976
7.234
10.748
10.157
31%
31%
31%
31%
31%
3.799
4.217
4.784
31%
31%
31%
31%
3.799
30,97%
4.217
4.784