Financial Model

(Assumptions in Red, Calculations in Black)

Development Phase
Years 0 1 2

Development Stage

Project Cost for the Peirod 625,000 1,280,000

Cumulative Project Cost 2,500,000 625,000 1,905,000
Hard Cost 625,000 1,250,000
Phasing 25% 50%

Funding Mix
Equity 40% 250,000 512,000
Debt 60% 375,000 768,000

Cum Equity 250,000 762,000

Capitalised Interest
Opening Debt - 375,000
Capitalised Interest - 30,000
Interest Rate 8% 8.0% 8.0%
Additions 375,000 768,000
Closing Debt 375,000 1,143,000

Assumptions
Current Case Base
Initial Sales Volume (Units) 100000
Initial Sales Price Per Unit 125
Initial Cost Price Per Unit 75
Growth in Sales Volume 15%
Growth in Sales Price Per Unit 20%
Growth in Cost Per Unit 20%
 Project Life 4 Years
3 4 5 6 7

716,440
2,621,440
625,000 - - - -
25%

286,576 - - - -
429,864 - - - -

1,048,576 1,048,576 1048576 1048576 1,048,576

1,143,000 1,572,864 1,572,864 1,572,864 1,572,864

91,440
8.0%
429,864 - - - -
1,572,864 1,572,864 1,572,864 1,572,864 1,572,864