Appendix D

Analisa Ekonomi

Peralatan

Jumlah

Harga/unit ($) 2016 Harga/unit ($) 2018

Vessel
V-201
V-301
V-302
V-303
V-401

1
1
1
1
1

169100
173327.438303585
154300
158157.44370339
167900
172097.438741407
112000
114799.959136615
136900
140322.450051808
740200 758704.729936805

1
1
1
1
1
1
1
1

89500
91737.4673457769
97700
100142.464353993
98000
100449.964244538
82200
84254.9700091939
82200
84254.9700091939
82100
84152.4700456791
88900
91122.4675646879
91800
94094.966506618
712400 730209.740079681

total ($)
Heat exchenger
E-101
E-201
E-202
E-301
E-302
E-401
E-402
E-403
total ($)
Pump
P-301

1
total ($)

10300
10300

10557.496242028
10557.496242028

Reactor
R-201
R-401
R-402
R-403

1
1
1
1
total ($)

Conveyor
C-101

42300
42300

43357.484566775
43357.484566775

1
1
1
1
1

131800
234200
197800
201800
196800
962400

135094.951912552
240054.914551742
202744.927832343
206844.926372936
201719.928197194
986459.648866767

1
1
1
1

65800
67444.9759927611
43900
44997.4839830123
92100
94402.4663971626
87300
89482.4681484505
289100 296327.394521386

total ($)
Storage
Methanol storage
SNG Storage
CO2 storage
H2S storage
O2 storage

280500
287512.397659111
256800
263219.906306095
245300
251432.410501889
222100
227652.418966447
280500 287512.397659111

total ($)
Utilitas
Filter
Clarifier
Cation Exchange
Anion Exchange
total ($)

TOTAL PURCHASED EQUIPMENT

3037200 3113128.89187255

Tahun
Index
2006
499.6
2007
525.4
575.4
2008
800
521.9
2009
550.8
2010
700
2011
585.7
600
2012
584.6
500
2013
567.3
400
2014
704.6
300
685.21
2018
702.34

Grafik Index

f(x) = 17.1316666667x - 33866.2833333333

200

index

1.025
100

0
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 201

rafik Index

- 33866.2833333333

2011 2012 2013 2014 2015

Grafik Index
Linear (Grafik Index)

TOTAL CAPITAL INVESTMENT

DIRECT COST
Total Purchased Equipment (TPE)
Installation
Instrumentation
Piping
Electrical
Building
Service facilities&yard improvement
Land
INDIRECT COST
Engineering&supervision
Construction expense&contractor's fee
Contingency

RANGE
25-55%TPE
6-30%TPE
10-80%TPE
10-40%TPE
10-70%TPE
40-100%TPE
4-8%TPE
TOTAL DIRECT COST

5-30%direct cost
6-30% direct cost
5-15%FCI
TOTAL INDIRECT COST
FIXED CAPITAL INVESTMENT
DIRECT+INDIRECT
WORKING CAPITAL
15-20%
TOTAL CAPITAL INVESTMENT
FCI+WORKING

ASSUME
0.25
0.06
0.1
0.1
0.1
0.4
0.04

0.05
0.06
0.05

0,15/0,85FCI

COST ($)
3113128.89187255
778282.222968138
186787.733512353
311312.889187255
311312.889187255
311312.889187255
1245251.55674902
124525.155674902
6381914.22833873
319095.711416937
382914.853700324
0
702010.565117261
7083924.79345599
5312943.59509199
12396868.388548

TOTAL PRODUCTION COST

Location
Total Capital Investment
Working Capital
Fixed Capital Investment(FCI)
Selling Price Product(cost per MMSCF)
Plant Produces

BY PRODUCT

7083924.793
8000
75000 MMSCF/year
day/year
hour/day
600000000

Annual Sales

MAIN PRODUCT
SNG

Tabalong, Kalimantan Selatan

12396868.389
5312943.5951

UNIT
MMSCF

UNIT

CO2

Kg

H2S

Kg
Total

300
24

QUANTITY
75000

$/UNIT
8000

$/YEAR
600000000.00

QUANTITY

$/UNIT

$/YEAR

614412000

Net Material Expenses

DIRECT EXPENSE
UNIT
QUANTITY
Utilities
Batubara
kg/h
166800
Metanol
kg/h
265058.08
Listrik
MW
309.67
Energi
L/h
21600
Labor
Supervision
10-25%Labor
0.1
Maintenance
2-10%FCI
0.02
Patents and Royalties
0-6%TPC
Factory Supplies
10-20%Mainten
0.1
Laboratory
10-20%Labor
0.1
Total Direct Conversion Expense
Total Direct MFG Expense
INDIRECT EXPENSE

0.6
0

$/UNIT
0.04
0.05
285
0.37

368647200.00
0
368647200.00

600000000.00
$/YEAR
53376000.00
85878817.92
88255.95
57600000
531294.36
53129.4359509199
141678.49586912
0
14167.849586912
53129.4359509199
197736473.45
797736473.45

Depreciation
Local Taxes

10% FCI
0.05
1-4%FCI
0.001
0,4-1%FCI
0.004
Total Indirect Conversion Expense
Plant Overhead Cost
50-70%labor+s
0.5
Total Manufacturing Expense
GENERAL EXPENSES
Admisistrative Cost
15%labor+sup.
0.15
Financing
0-10%TCI
0.001
TOTAL GENERAL EXPENSES
TOTAL PRODUCTION COST

354196.2396728
7083.924793456
28335.699173824
35419.62396728
363051.15
797771893.07
108915.343699386
12396.868388548
121312.212087934
797893205.28

No

DESKRIPSI

1
2

Pre-Commisioning Period
Periode Operasi (bulan)

4
5
6
7

PENDAPATAN
Penjualan SNG
Penjualan CO2 + H2S
Jumlah Pendapatan

7
8
9

PENGELUARAN
Biaya Produksi Total
Jumlah Pengeluaran

10

KEUNTUNGAN OPERASI

11

Depresiasi (5 tahun S/L)

12

Bunga Pinjaman

13
14
15

Keuntungan Sebelum Pajak

Pajak Pendapatan
Keuntungan Sesudah Pajak

16

Net-Cash Flow

17
18
19
20
21
22
23
24
25

0
Bulan 1 - 12

(411,343,471.03)

Modal Kerja (6 bulan operasi)

Investasi (CAPEX)

$
$

(398,946,602.64)
(12,396,868.39)

Keuntungan Sesudah Pajak

Depresiasi
Investasi Total
Akumulasi
Net Present Value (NPV)
IRR investasi
Payback Period Investasi

$
$
$

(411,343,471.03)
(411,343,471.03)
(411,343,471.03)
45%

Pajak pendapatan per tahun

Inflasi pertahun

No
1
2
3
4
5
No
1
2
3
4
5
6

Struktur Finansial

Persentase

Equity
Term Loan
Total Loan
Suku Bunga
Masa Pembayaran Pinjaman
PARAMETER
Investasi (CAPEX)

Pajak Pndapatan
Depresiasi
Faktor Diskon NPV

Project Commissioning
Inflasi

25%
75%
100%

Nilai
$

12,396,868.39
15.00%
5
10
12
4.75%

2
12

3
12

12

$
$
$

600,000,000.00
368,647,200.00
968,647,200.00

$
$
$

628,500,000.00
386,157,942.00
1,014,657,942.00

$
$
$

658,353,750.00
404,500,444.25
1,062,854,194.25

$
$

797,893,205.28
797,893,205.28

$
$

835,793,132.53
835,793,132.53

$
$

875,493,306.33
875,493,306.33

170,753,994.72

178,864,809.47

187,360,887.92

2,479,373.68

2,479,373.68

2,479,373.68

30,850,760.33

25,708,966.94

20,567,173.55

$
$
$

137,423,860.71
20,613,579.11
116,810,281.61

$
$
$

150,676,468.85
22,601,470.33
128,074,998.52

$
$
$

164,314,340.69
24,647,151.10
139,667,189.58

$
$
$
$
$

116,810,281.61
2,479,373.68
119,289,655.28
(292,053,815.75)
119,289,655.28

$
$
$
$
$

128,074,998.52
2,479,373.68
130,554,372.20
(161,499,443.55)
118,685,792.91

$
$
$
$
$

139,667,189.58
2,479,373.68
142,146,563.26
(19,352,880.29)
117,476,498.56

15%
4.75%

Nilai
$
$
$

Unit
(102,835,867.76) USD
(308,507,603.27) USD
(411,343,471.03) USD
10%
72 bulan
UNIT

USD
per Tahun
tahun S/L
tahun S/L
bulan
per Tahun

Tahun ke
4

5
12

6
12

12

$
$
$

689,625,553.13
423,714,215.35
1,113,339,768.47

$
$
$

722,382,766.90
443,840,640.58
1,166,223,407.47

$
$
$

756,695,948.33
464,923,071.00
1,221,619,019.33

$
$

917,079,238.38
917,079,238.38

$
$

960,640,502.20
960,640,502.20

$
$

1,006,270,926.06
1,006,270,926.06

196,260,530.09

205,582,905.27

215,348,093.27

2,479,373.68

2,479,373.68

15,425,380.16

10,283,586.78

5,141,793.39

$
$
$

178,355,776.25
26,753,366.44
151,602,409.81

$
$
$

192,819,944.82
28,922,991.72
163,896,953.10

$
$
$

210,206,299.88
31,530,944.98
178,675,354.90

$
$
$
$
$

151,602,409.81
2,479,373.68
154,081,783.49
134,728,903.20
115,763,924.49

$
$
$
$
$

163,896,953.10
2,479,373.68
166,376,326.77
301,105,229.98
113,637,269.84

$
$
$
$
$

178,675,354.90
178,675,354.90
479,780,584.88
110,943,337.76

3.1256013517 -

8
12

9
12

12

$
$
$

792,639,005.87
487,006,916.88
1,279,645,922.75

$
$
$

830,289,358.65
510,139,745.43
1,340,429,104.08

$
$
$

869,728,103.19
534,371,383.33
1,404,099,486.52

$
$

1,054,068,795.05
1,054,068,795.05

$
$

1,104,137,062.81
1,104,137,062.81

$
$

1,156,583,573.29
1,156,583,573.29

225,577,127.70

236,292,041.27

247,515,913.23

$
$
$

225,577,127.70
33,836,569.16
191,740,558.55

$
$
$

236,292,041.27
35,443,806.19
200,848,235.08

$
$
$

247,515,913.23
37,127,386.98
210,388,526.24

$
$
$
$
$

191,740,558.55
191,740,558.55
671,521,143.42
108,232,546.63

$
$
$
$
$

200,848,235.08
200,848,235.08
872,369,378.50
103,066,902.36

$
$
$
$
$

210,388,526.24
210,388,526.24
1,082,757,904.75
98,147,800.20

TOTAL
10

11
12

12

$
$
$

911,040,188.09
559,754,024.04
1,470,794,212.13

$
$
$

954,314,597.02
586,342,340.19
1,540,656,937.21

$
$
$

8,413,569,271.17
5,169,397,923.04
13,582,967,194.20

$
$

1,211,521,293.02
1,211,521,293.02

$
$

1,269,068,554.44
1,269,068,554.44

$
$

11,188,549,589.40
11,188,549,589.40

259,272,919.11

271,588,382.76

2,394,417,604.80

12,396,868.39

107,977,661.15

$
$
$

259,272,919.11
38,890,937.87
220,381,981.24

$
$
$

271,588,382.76
40,738,257.41
230,850,125.35

$
$
$

2,274,043,075.27
341,106,461.29
1,932,936,613.98

$
$
$
$
$

220,381,981.24
220,381,981.24
1,303,139,885.99
93,463,473.38

$
$
$
$
$

230,850,125.35
230,850,125.35
1,533,990,011.34
89,002,716.69

$
$
$
$
$

1,932,936,613.98
12,396,868.39
1,945,333,482.37
5,906,486,902.47
1,187,709,918.11

Asumsi Discounted

End of Year
0
1
2
3
4
5
6
7
8
9
10
11

8%

$
$
$
$
$
$
$
$
$
$
$
$

Discounted Cashflow
(411,343,471.03)
110,453,384.52
111,929,331.45
112,840,524.87
113,254,710.64
113,232,932.39
112,595,781.73
111,878,774.29
108,512,051.92
105,246,642.95
102,079,498.60
99,007,661.84

$
$
$
$
$
$
$
$
$
$
$
$

Discounted Profiability Criteria

Discounted Payback Period (DPBP)
Discounted value of land +
Working capital
$
DPBP
NPV
$
PVR
DCFROR

Cumulative Discounted Cashflow

(411,343,471.03)
(300,890,086.51)
(188,960,755.06)
(76,120,230.19)
37,134,480.44
150,367,412.83
262,963,194.56
374,841,968.85
483,354,020.77
588,600,663.72
690,680,162.32
789,687,824.16

(5,312,943.60)
5.64
690,680,162.32
2.68
34%

$
$
$
$
$
$
$
$
$
$
$
$

Nondiscounted Cashflow
(411,343,471.03)
119,289,655.28
130,554,372.20
142,146,563.26
154,081,783.49
166,376,326.77
178,675,354.90
191,740,558.55
200,848,235.08
210,388,526.24
220,381,981.24
230,850,125.35

SENSITIVITY
Fluktuasi
Poduct sales
Sales volume
Raw material cost

Sensitivity
1
1
1

IRR
45%

IRR (DCFROR) %
Fluktuasi

0.8

0.7

Product sales
Sales volume
Raw material

14%
14%
46%

0.9

23%
23%
43%

30%
30%
39%

1.1
36%
36%
36%

40%
40%
32%

60%
50%
40%
Product sales

30%

Sales volume
Raw material

20%
10%
0%
0.65

0.7

0.75

0.8

0.85

0.9

0.95

1.05

%
1.2

1.3

44%
44%
29%

Product sales
Sales volume
Raw material

48%
48%
25%