YEAR 1 2 year

Capital Cost 12000 10016 1

Capital Cost Depresiation $ 2,400.00 3,923.20 2

Non Capital Cost 14000 10000 3
Cost To Be Recovered A 16400 13923.2 4
Lifting, Mbbl B 1000 900 5
Price, $/bbl C 87 87
Gross Revenue D 87000 78300 5
Contr Split After Tax E 15.00% 15.00%

Effective Tax Rate F 46.00% 46.00% Tahun

Contr Split Before Tax G 27.78% 27.78% 1

Gov Split Before Tax H 72.22% 72.22% 2
FTP, % I 20.00% 20.00% 3
FTP * D, M$ I 17400 15660 4
Gross Rev after FTP J 69600 62640 5
Investment Credit
Cost Recovery (Recoverable Cost) K 16400 13923.2 5
Unrecovered Cost = A-K L -

ETS M 53200 48716.8 Contractor

Split (After)

CONTRACTOR SHARE 15.00%

Contractor FTP N 4833.333333 4350
Contractor Equity 14777.77778 13532.4444
DMO, 25% 6041.666667 5437.5
DMO fee (new oil * 100%price) 6041.666667 5437.5
Taxable Share 7527.777778 7007.44444
Govt. Tax 3462.777778 3223.42444
Net Contractor Share 4065 3784.02
Total Contractor Take 20465 17707.22
Contractor Cash Flow 6548.333333 8566.22
Govr FTP 12566.66667 11310
Govr Equity 38422.22222 35184.3556
Total Indonesia Take 66535 60592.78
Book value at
Accum. Depr. Book value at
beginning of Rate Annual Depr
Year-End end of year
year

$ 12,000.00 20.00% $ 2,400.00 $ 2,400.00 $ 9,600.00

$ 9,600.00 20.00% $ 1,920.00 $ 4,320.00 $ 7,680.00

$ 7,680.00 20.00% $ 1,536.00 $ 5,856.00 $ 6,144.00
$ 6,144.00 20.00% $ 1,228.80 $ 7,084.80 $ 4,915.20
$ 4,915.20 20.00% $ 983.04 $ 8,067.84 $ 3,932.16
Modified to
$ 4,915.20 - $ 4,915.20 $ 12,000.00 $ -

Book value at
Accum. Depr. Book value at
beginning of Rate Annual Depr
Year-End end of year
year
$ 10,016.00 20.00% $ 2,003.20 $ 2,003.20 $ 8,012.80
$ 8,012.80 20.00% $ 1,602.56 $ 3,605.76 $ 6,410.24
$ 6,410.24 20.00% $ 1,282.05 $ 4,887.81 $ 5,128.19
$ 5,128.19 20.00% $ 1,025.64 $ 5,913.45 $ 4,102.55
$ 4,102.55 20.00% $ 820.51 $ 6,733.96 $ 3,282.04
Modified to
$ 4,102.55 - $ 4,102.55 $ 10,016.00 $ -

Govnt split Tax Rate Contractor split Govn't Split

(after) (Before tax) (Before tax)

85.00% 46.00% 27.78% 72.22%