Years

Items
1 2 3 4 5 6 7
Revenue, USD Mil 150 250 450 350 250 200
Capex 100 100 80 0
Production operating costs, USD Mil 20 20 20 20 20 20
Royalty, USD Mil (10%) 15 25 45 35 25 20
Development capital depreciation:
- Development incurred in year 1 20 20 20 20 20
- Development incurred in year 2 20 20 20 20 20 970411235
-
3
- Development incurred in year 3 16 16 16 16 16 970531015
-
3
Total depreciation 40 56 56 56 56 16 970514106
-
3
Deductions 971106105
-
3
- Deduct development capital depr 40 80 0 0 0 0 201608F10
-
3
- Deduct production opex 20 20 20 20 20 20 970416385
-
3
- Deduct royalty 15 25 45 35 25 20 201209M10
-
3
Total Deduction 0 75 125 65 55 45 40 970731016
-
3
Tax losses for the year 971217146
-
3
Taxable income in the year 75 125 385 295 205 160 970804016
-
3
970205465
-
3
Tax to pay (35%) 26.25 44 135 103 72 56 971108026
-
3
970306015
-
3
Net cash flow 971001106
-
3
Revenue (A) 150 250 450 350 250 200 970729065
-
3
201608M10
-
3
Development cost (C) 100 100 80 0 970428135
970911145
-
3
Production operating costs (D) 20 20 20 20 20 20 971221045
-
3
Royalty (F) 15 25 45 35 25 20 970619075
-
3
Tax 26.25 44 135 103 72 56
971030015
-
3
Net cash flow -100 -11 81 250 192 133 104 970207035
-
3
201702M10
970122055
-
3
Hurdle Rate = 17.70%
970213065
-
3
971130015
-
3
NPV @ 17.7% = USD 255.39 Million
960722025
971001015
970929085
-
3
970506145
-
3
 970506145
-
3
971208017
970620015
-
3
970812016
-
3
201209M10
-
3

SKPP3313
A
35
KEJURUTERA
02 971214016
-
3
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