NBIA Financial Analysis

Chapter 12
FINANCIAL ANALYSIS
Master Plan of
New Bali International Airport
CHAPTER 12
FINANCIAL ANALYSIS
For financial calculation, the assumptions will be for construction cost, operation and
maintenance cost, aero and non aero revenue.
12.1 ASSUMPTIONS
12.1.1 Assumptions for Construction Cost
Construction is the most important cost component at the opening stage of airport
operation. Most cost usually occurred at first stage as it required for land acquisition,
mitigation, airside (runway, taxiway, apron) development and landside area. The
assumptions for constructions cost is presented at Table 12.1.
Table 12.1. Assumptions for Construction Cost

COMPONENTS REMARK FIGURE REMARK
General Insurance of the Works: construction all risk (CAR), 0.50% from site condition and
Requirement third party liability (TPL), Construction failure construction cost
insurance, cost of permits, Contractor's Site
Establishment, Facilities for the Engineer and the
Employer
Soft Costs Engineering Costs: Costs associated with the design 10.0%
and engineer fees to get the project documents from
concept to bid and award.
Construction Management Costs: Costs associated 2.5%
with the management of the general contractors.
Administration Costs: Costs associated with 5.0%
management and execution of the contract by the
Authority, consultant team, and the program manager,
legal, testing and inspection, and other costs.
Contingencies are assigned to cover construction 10.0%
cost increases due to design incompleteness, detail
changes, alternative design changes, and associated
costing inaccuracy.
Taxes PPN - VAT 10% From construction cost,
general requirement,
mitigation, soil
Bea Perolehan Hak Atas Tanah dan/atau 5% From land tax price
Bangunan (BPHTB) - land tax (when buy land)
Unit rate for each construction cost components based on historical information from
another airport project in Indonesia as presented at Table 12.2.
Final Report | 12 -1
Master Plan of
Table 12.2. Unit Rate

NO COMPONENTS UNIT RATE (IDR)
I NAVIGATION SYSTEM
1 DVOR set 8,580,000,000
2 DME set 3,600,000,000
3 Instrument Landing System (ILS) set 10,000,000,000
II COMMUNICATION SYSTEM
Aeronautical Fixed Services (AFS)
1 Automatic Message Switching Centre (AMSC) set 4,200,000,000
1 VHF A/G APP set 2,050,000,000
2 VHF A/G Tower set 2,050,000,000
3 VHF A/G Ground Control set 2,050,000,000
4 VHF A/G Portable set 80,000,000
5 ATIS set 1,550,000,000
III SURVEILLANCE SYSTEM
1 Secondary Surveillance Radar (SSR) set 25,000,000,000
IV ATC SYSTEM (APP)
1 VSCS set 4,510,000,000
2 Tower set set 2,500,000,000
3 Air Traffic Control Automation (ATC Automation) set 32,000,000,000
V VISUAL AIDS FOR NAVIGATION
1 Indicators and signalling devices
Wind direction indicators set 240,000,000
Landing direction indicator set 125,000,000
Signalling lamp lot 300,000,000
Aerodrome Rotating Beacon lot 150,000,000
2 Airfield Lighting System
Runway Lighting lot 6,650,000,000
Taxiway Lighting lot 4,800,000,000
Apron Lighting lot 7,500,000,000
Approach Lighting System
- Precision approach category I lighting system (PALS) set 6,500,000,000
- PAPI set 1,100,000,000
ADGS position 200,000,000
3 Signages lot 1,500,000,000
Master Plan of

VI METEOROLOGICAL SYSTEM
1 Automated Weather Observing System (AWOS) set 8,000,000,000
2 Meteorological Park Equipment: set 1,000,000,000
VII ARFFS EQUIPMENTS
Aerodrome Rescue and Fire Fighting Service (ARFFS) CAT. IX :
1 Foam Tender Type I unit 12,000,000,000
2 Foam Tender Tipe II unit 9,000,000,000
3 RIVCA Type III unit 6,500,000,000
4 RIVCA Type IV unit 4,500,000,000
5 Ambulance multi purpose unit 500,000,000
6 Nurse Tender unit 1,000,000,000
7 Command Car unit 750,000,000
8 Resque boat unit 1,500,000,000
9 Salvage Equipment lot 14,000,000,000
10 Support tool ARFFS lot 1,624,000,000
VIII AIRFIELD ELECTRICAL
1 Power Supply:
1. Genset 10 MW w/ ACOS set 10,000,000,000
2. JTR 220 V set 2,500,000,000
3. Control Power Manual set 1,250,000,000
2 Electrical transmission network infrastructure inside airport Lot 1,500,000,000
IX BUILDING WORKS
1 Terminal Buildings (Integrated Building) sq.m 9,250,000
2 VVIP Building sq.m 6,500,000
3 Cargo Terminal Building sq.m 6,500,000
4 GOI Building (custom, immigration, airport administration etc) sq.m 6,500,000
5 ATC Complex sq.m 15,000,000
6 Vehicle parks facility (on ground) sq.m 450,000
7 Vehicle parks facility (building) sq.m 6,000,000
8 Operation Office sq.m 6,000,000
9 Administration Office (airport management office) sq.m 6,500,000
10 Aircraft Rescue and Fire Fighting Station Building sq.m 4,500,000
11 Aviation security office sq.m 4,500,000
12 Police station sq.m 4,500,000
13 Meteo Park (observation) sq.m 500,000
14 Meteo Station sq.m 4,500,000
15 GSE maintenance building sq.m 4,500,000
Master Plan of

16 Airline maintenance building sq.m 4,500,000
17 Vehicle Pool and maintenance sq.m 4,500,000
18 Crisis centre sq.m 4,500,000
19 Airport Maintenance / Engineering sq.m 4,500,000
X UTILITIES
1 Sewage Treatment Plant sq.m 3,250,000
2 Sewage Treatment Plant utilities (piping etc) sq.m 325,000
3 Power house sq.m 7,200,000
4 Power house sub station unit 120,000,000
5 Power house and sub station utilities (cabling etc) sq.m 1,152,000
6 Power supply system
20KV Power Supply System lm 3,100,000
380V/220V Power Distribution System lm 3,500,000
7 Incinerator sq.m 4,500,000
8 Incinerator utilities sq.m 360,000
9 Water Treatment Plant sq.m 4,500,000
10 Water Treatment Plant utilities sq.m 360,000
11 Water supply system lm 1,500,000
11 Fuel Farm Area sq.m 4,500,000
XI AIRPORT FACILITIES (INCLUDED IN TERMINAL UNIT RATE)
A Airport Operation Facilities
1 Aerobridge set 9,000,000,000
2 Baggage handling system lot 100,000,000,000
3 Check-in System island 1,200,000,000
4 Flight Information Display System (FIDS) lot 10,000,000,000
5 Public Address System (PAS) lot 2,000,000,000
6 Building Automation System (BAS) lot 1,000,000,000
B Security Equipment
1 Security Screening Equipment/X-Ray + walk through
1. Baggage X-Ray (check in area) unit 1,200,000,000
2. Cabin X-Ray unit 1,000,000,000
2 CCTV & Monitoring System position 10,000,000
Source: Consultants Analysis, 2013
12.1.2 Assumptions for Operation and Maintenance Cost
The unit cost for operation and maintenance are based on historical data from Angkasa
Pura as major airport operators in Indonesia.
Master Plan of
Table 12.3. Operation and Maintenance Unit Cost

ITEM UNIT COST (IDR) REMARKS
Supplies 478 Per pax 2013 price, increase every year, in line
with inflation
Operation 2,939 Per pax 2013 price, increase every year, in line
with inflation
Landside maintenance 2,792 Per pax 2013 price, increase every year, in line
with inflation
General 1,322 Per pax 2013 price, increase every year, in line
with inflation
12.1.3 Assumptions for Employer Cost
The number of employers uses the historical structure from existing airport mainly from
Angkasa Pura’s. Based on this structure, 636 employers are needed at 2048. The
breakdown of employers can be seen at Table 12.4.
Table 12.4. Estimated Number of Employers

2018-2028 2029-2048
PERSON/ NO OF SUB TOTAL PERSON/ NO OF SUB TOTAL
SHIFT SHIFT TOTAL SHIFT SHIFT TOTAL
1 OPERATION
a. Office 5 7
1. Deputy 1 1 1 1 1 1
2. Assistants 2 1 2 3 1 3
3. Staffs 2 1 2 3 1 3
b. Terminal Operation 64 72
1. Info & PAS 6 4 24 6 4 24
2. AOC 3 4 12 4 4 16
3. AMC 5 4 20 6 4 24
4. TIS 2 4 8 2 4 8
c. Airport security 200 248
1. Commanders 1 4 4 1 4 4
2. Deputies 1 4 4 2 4 8
3. Staffs 0 4 0 2 4 8
4. Screening 22 4 88 27 4 108
5. Guards 20 4 80 20 4 80
6. Patrol 6 4 24 10 4 40
Master Plan of
2018-2028 2029-2048
d. ARRF 88 94
1. Commanders 1 4 4 1 4 4
2. Deputies 1 4 4 1 4 4
3. Staf PKP-PK 0 4 0 1 4 4
4. Staffs 20 4 80 20 4 80
5. Salvage 0 1 0 2 1 2
2 ENGINEERING
a. Office 21 21
1. Deputy 3 1 3 3 1 3
3. Staffs 2 6 12 2 6 12
b. Shift 35 49
1. Buildings 2 4 8 3 4 12
2. Electric + Mec. 3 4 12 4 4 16
3. Electronic 2 4 8 3 4 12
4. Workshop 7 1 7 9 1 9
3 COMMERCIAL
a. Office 18 22
1. Deputy 2 1 2 2 1 2
3. Staffs 3 4 12 4 4 16
b. Shift 8 8
Officers 2 4 8 2 4 8
4 FINANCE
a. Office 32 44
1. Deputy 2 1 2 2 1 2
3. Staffs 2 6 12 2 6 12
4. Excecutioner 2 6 12 4 6 24
5 PERSONALIA &
GENERAL
a. Office 20 32
1. Deputy 2 1 2 2 1 2
3. Staffs 2 6 12 4 6 24
b. Officer 7 9
1. Office 2 1 2 3 1 3
2. Public relation 2 1 2 3 1 3
3. Personalia 3 1 3 3 1 3
Master Plan of
2018-2028 2029-2048
6 LAW AND LABOUR
a. Office 14 14
1. Chief 2 1 2 2 1 2
2. Deputies 2 2 4 2 2 4
3. Staffs 2 4 8 2 4 8
b. Pelaksana 5 8
1. Legal 2 1 2 3 1 3
2. Control 3 1 3 5 1 5
7 BOD & 7 8
COMMISIONER
a. BOD 4 1 4 5 1 5
b. Commisioner 3 1 3 3 1 3
TOTAL EMPLOYER 524 636

In term of salary, it is estimated that the salary will increase 20% every 5 years (not
necessarily each 5 years). Salary per month for every position at airport management
are presented at Table 12.5.
Table 12.5. Salary Per Month

POSITION SALARY PER MONTH (IDR)
2019-2023 2024-2028 2029-2033 2034-2038 2039-2043 2044-2048
1 OPERATION
a Office
1. Deputy 25,000,000 30,000,000 36,000,000 43,200,000 51,840,000 62,208,000
2. Assistants 20,000,000 24,000,000 28,800,000 34,560,000 41,472,000 49,766,400
3. Staffs 10,000,000 12,000,000 14,400,000 17,280,000 20,736,000 24,883,200
b Terminal
Operation
1. Info & PAS 7,500,000 9,000,000 10,800,000 12,960,000 15,552,000 18,662,400
2. AOC 7,500,000 9,000,000 10,800,000 12,960,000 15,552,000 18,662,400
3. AMC 7,500,000 9,000,000 10,800,000 12,960,000 15,552,000 18,662,400
4. TIS 7,500,000 9,000,000 10,800,000 12,960,000 15,552,000 18,662,400
c Airport security
1. Commanders 7,500,000 9,000,000 10,800,000 12,960,000 15,552,000 18,662,400
2. Deputies 7,000,000 8,400,000 10,080,000 12,096,000 14,515,200 17,418,240
3. Staffs 5,000,000 6,000,000 7,200,000 8,640,000 10,368,000 12,441,600
4. Screening 5,000,000 6,000,000 7,200,000 8,640,000 10,368,000 12,441,600
5. Guards 5,000,000 6,000,000 7,200,000 8,640,000 10,368,000 12,441,600
6. Patrol 5,000,000 6,000,000 7,200,000 8,640,000 10,368,000 12,441,600
Master Plan of
2019-2023 2024-2028 2029-2033 2034-2038 2039-2043 2044-2048

d ARRF
1. Commanders 7,500,000 9,000,000 10,800,000 12,960,000 15,552,000 18,662,400
2. Deputies 7,000,000 8,400,000 10,080,000 12,096,000 14,515,200 17,418,240
3. Staf PKP-PK 5,000,000 6,000,000 7,200,000 8,640,000 10,368,000 12,441,600
4. Staffs 5,000,000 6,000,000 7,200,000 8,640,000 10,368,000 12,441,600
5. Salvage 5,000,000 6,000,000 7,200,000 8,640,000 10,368,000 12,441,600
2 ENGINEERING
a Office
1. Deputy 25,000,000 30,000,000 36,000,000 43,200,000 51,840,000 62,208,000
2. Assistants 20,000,000 24,000,000 28,800,000 34,560,000 41,472,000 49,766,400
3. Staffs 10,000,000 12,000,000 14,400,000 17,280,000 20,736,000 24,883,200
b Shift
1. Buildings 7,500,000 9,000,000 10,800,000 12,960,000 15,552,000 18,662,400
2. Electric + Mec. 7,500,000 9,000,000 10,800,000 12,960,000 15,552,000 18,662,400
3. Electronic 7,500,000 9,000,000 10,800,000 12,960,000 15,552,000 18,662,400
4. Workshop 7,500,000 9,000,000 10,800,000 12,960,000 15,552,000 18,662,400
3 COMMERCIAL
a Office
1. Deputy 25,000,000 30,000,000 36,000,000 43,200,000 51,840,000 62,208,000
2. Assistants 20,000,000 24,000,000 28,800,000 34,560,000 41,472,000 49,766,400
3. Staffs 10,000,000 12,000,000 14,400,000 17,280,000 20,736,000 24,883,200
b Shift
Officers 7,500,000 9,000,000 10,800,000 12,960,000 15,552,000 18,662,400
4 FINANCE
a Office
1. Deputy 25,000,000 30,000,000 36,000,000 43,200,000 51,840,000 62,208,000
2. Assistants 20,000,000 24,000,000 28,800,000 34,560,000 41,472,000 49,766,400
3. Staffs 10,000,000 12,000,000 14,400,000 17,280,000 20,736,000 24,883,200
4. Excecutioner 7,500,000 9,000,000 10,800,000 12,960,000 15,552,000 18,662,400
5 PERSONALIA & GENERAL
a Office
1. Deputy 25,000,000 30,000,000 36,000,000 43,200,000 51,840,000 62,208,000
2. Assistants 20,000,000 24,000,000 28,800,000 34,560,000 41,472,000 49,766,400
3. Staffs 10,000,000 12,000,000 14,400,000 17,280,000 20,736,000 24,883,200
b Officer
1. Office 6,000,000 7,200,000 8,640,000 10,368,000 12,441,600 14,929,920
2. Public Relation 7,000,000 8,400,000 10,080,000 12,096,000 14,515,200 17,418,240
3. Personalia 7,500,000 9,000,000 10,800,000 12,960,000 15,552,000 18,662,400
Master Plan of
2019-2023 2024-2028 2029-2033 2034-2038 2039-2043 2044-2048

6 LAW AND LABOUR
a Office staff
1. Chief 25,000,000 30,000,000 36,000,000 43,200,000 51,840,000 62,208,000
2. Deputies 20,000,000 24,000,000 28,800,000 34,560,000 41,472,000 49,766,400
3. Staffs 10,000,000 12,000,000 14,400,000 17,280,000 20,736,000 24,883,200
b Officers
1. Legal 7,500,000 9,000,000 10,800,000 12,960,000 15,552,000 18,662,400
2. Control 10,000,000 12,000,000 14,400,000 17,280,000 20,736,000 24,883,200
7 BOD &
COMMISIONER
a BOD 50,000,000 60,000,000 72,000,000 86,400,000 103,680,000 124,416,000
b Commisioner 30,000,000 36,000,000 43,200,000 51,840,000 62,208,000 74,649,600
Total salary for all employer at 30 years of operation is estimated at Table 12.6.
Table 12.6. Total Salary

YEAR NUMBER OF EMPLOYER TOTAL SALARY (IDR)
2018 524 63,718,400,000
2023 524 91,300,320,000
2028 524 109,560,384,000
2033 636 131,472,460,800
2038 636 157,766,952,960
2043 636 189,320,343,552
2048 636 189,320,343,552
12.1.4 Assumptions for Tax
The tax as cost component is mainly Land and Building Tax (Pajak Bumi dan Bangunan).
The assumptions used for calculation are:
 Tax Object Sale Value (Nilai Jual Object Pajak, NJOP) is government estimation of
the land/building price. For calculation the NJOP start from 75,000 IDR per m2
(year 2015), and will increase every two years inline with average inflation rate.
 Taxable Sale Value (Nilai Jual Kena Pajak, NJKP), for land/building that more than
1 billion IDR, the NJKP will 40% from total NJOP.
 Tax, is calculated 0.5% from NJKP.
Master Plan of
12.1.5 Assumptions for Depreciation
The depreciation for building and construction are assumed as below:

 For any buildings (passenger terminal, parking building, administration office,
cargo building, etc), depreciation rate is about 3.33% per year or the design age
for 30 years.
 For any constructions (runway, taxiway, apron, road, etc), depreciation rate is
about 2% per year or the design age for 50 years.
12.1.6 Assumptions for Aero Revenue
For the aero calculation, the calculation refferred to the unit rate used by Soekarno
Hatta Airport of Jakarta (Soekarno - Hatta International Airport Conditions of Use
Including Airport Charges, Effective 1st of March 2012).
Table 12.7 shows the tariff for aero revenue that come from aircraft and passenger
service.
Table 12.7. Tariff for Revenue Calculation

TYPE OF FORMULA DESCRIPTION INTERNATIONAL DOMESTIC
CHARGES
Landing Fee Tariff x Weight Up to 40 tonnes USD 4.42 per tonne IDR 6,450 per tonne or part
Factor (MTOW) or part thereof thereof
40 – 100 tonnes USD 176.80 + 5.07 IDR 258,000 + 8,578 per

per tonne or part tonne or part thereof above
thereof above 40 40 tonnes
tonnes
Over 100 tonnes USD 481.00 + 5.66 IDR 774,000 + 9,997 per
per tonne or part tonne or part thereof above
thereof above 100 100 tonnes
tonnes
Parking Fee Charged 2 (two) First two hours free of First two hours free of
hours from the charge charge
block on time USD 0.45 per tonne IDR 1,500 per tonne per 24
Tariff x Weight per 24 hours hours
Factor (MTOW)
Hangar Fee Tariff x Weight USD 0.90 per tonne IDR 1,500 per tonne per 24
Factor (MTOW) per 24 hours hours
Parking Tariff x Weight USD 0.11 per tonne IDR 200 per tonne per hour
Surcharge Factor (MTOW) per hour
Passenger Tariff x Number Paid by the departure Paid by the departure
Service of Passengers / passenger passenger
Charges Flight IDR 150,000 per IDR 40,000 per passenger
passenger
Counter Fee Tariff x Number Payable by airline, per Payable by airline, per
of Passengers / passenger passenger
Flight USD 0.70 IDR 1,300

Master Plan of
TYPE OF FORMULA DESCRIPTION INTERNATIONAL DOMESTIC

CHARGES
Aviobridge Tariff x Up to 100 USD 37.00 per IDR 75,000 per utilization
Charges Utilization tonnes utilization
100 - 200 USD 93.00 per IDR 188,250 per utilization

tonnes utilization
200 - 300 USD 155.00 per IDR 315,500 per utilization

tonnes utilization
Over 300 tonnes USD 175.00 per IDR 353,000 per utilization
utilization
Routes Tarif x Weight USD 0.65 per Route IDR 1,000 per Route Unit
Charges Factor x Distance Unit
Factor
Source: Soekarno - Hatta International Airport Conditions of Use Including Airport Charges, Effective 1st of March 2012
12.1.7 Assumptions for Non Aero Revenue
The revenue for non-aero activities for this stage is assumed using the unit rate as
presented at Table 12.8. These rate are average for year 2013.
Table 12.8. Unit Rate for Non Aero Revenue

ITEMS UNIT RATE REMARKS
Rented space at terminal 40% From total passenger terminal area
Indoor space (at terminal) 340,000 Increasing every 2 years at inflation rate
Outdoor space (around terminal) 230,000 Increasing every 2 years at inflation rate
Commercial concession 22% From total omzet brutto
Total Omzet Bruto Pax * Spending Rate
Spending Rate per pax (Rp. 0) 75,000 Increasing 10% per year
Counter space rent 2,300 Increasing every 2 years at inflation rate
Domestic Cargo service
+ Loading (Rp.) 750 Increasing every 2 years at inflation rate, 2015
based
+ Unloading (Rp.) 500 Increasing every 2 years at inflation rate, 2015
based
International Cargo service
+ Loading (US $) 750 Increasing every 2 years at inflation rate
+ Unloading (US $) 500 Increasing every 2 years at inflation rate
Electricity use 1,000 Per pax, Increasing 10% per year
Telephone use 500 Per pax, Increasing 10% per year
Water use 30 Per pax, Increasing 10% per year
Car parking 5,000 Per car, increasing every 2 years at inflation rate

Master Plan of
12.2 COST
12.2.1 Project Cost
The New Bali International Airport project costs Rp 12.317 trillion with three steps of
development. Table 12.9 shows the project cost.
Table 12.9. Project Cost (million Rp)

COMPONENTS STAGE 1 STAGE 2 STAGE 3 TOTAL
GENERAL REQUIREMENT 17,293 7,175 18,047 42,516
LAND ACQUISITION AND RENT 986,040 - 806,460 1,792,500
MITIGATION 188,250 - 137,806 326,056
LAND PREPARATION 713,302 35,482 205,190 953,974
AIRSIDE
BUILDINGS/CONSTRUCTION
Runway 150,989 - 169,863 320,852
Taxiways 113,569 13,674 146,303 273,547
Apron 478,067 230,854 843,434 1,552,354
Road (Inspection, ARRF, GSE) 23,197 - 28,484 51,681
Drainage, Marking and Fencing works 25,572 - 30,884 56,456
NAVIGATION SYSTEM 60,645 840 46,815 108,300
COMMUNICATION SYSTEM 11,980 - 8,380 20,360
SURVEILANCE SYSTEM 25,000 - - 25,000
ATC SYSTEM 39,010 - - 39,010
METEO SYSTEM 9,000 - 9,000 18,000
ARRF EQUIPMENT 72,874 21,500 35,750 130,124
AIRFIELD ELECTRICAL 15,250 - 15,250 30,500
LANDSIDE
BUILDINGS/CONSTRUCTION
Terminal Buildings+parking 721,500 777,000 952,750 2,451,250
Cargo building 39,000 - 39,000 78,000
Government Buildings+VVIP 13,650 - 13,650 27,300
Operation Buildings 12,000 - 12,000 24,000
ARRF Buildings 9,000 - 2,700 11,700
ATC Buildings 15,000 - - 15,000
Parking yard+building 23,670 108,842 93,608 226,119
Administration Office 16,250 - 16,250 32,500
Meteo buildings 720 - 720 1,440
Security buildings (police, airport 4,050 - - 4,050
security, crisis center)

Master Plan of
COMPONENTS STAGE 1 STAGE 2 STAGE 3 TOTAL

Airport maintenance+GSE 20,250 11,250 11,250 42,750
Vehicle pool and maintenance 4,500 1,800 1,800 8,100
Roads (access and operation) 51,209 - 76,814 128,023
Drainage, Fencing, Marking and 20,597 545 21,617 42,760
Landscape works
UTILITIES (Power, Water, Water Waste, 126,397 - 36,814 163,211
Telecom)
AIRPORT FACILITIES (aviobridge, 233,300 233,300 235,300 701,900
baggage system, etc)
DIRECT COST 4,241,132 1,442,262 4,015,937 9,699,331
VAT 306,684 144,226 307,167 758,078
BPHTB - 5% 34,302 - 40,323 74,625
PROJECT COST
SOFT COST :
- Engineering Costs - 5% 156,684 144,226 157,167 458,078
- Construction Management Costs - 2.5% 76,671 36,057 76,792 189,519
- Administration - 5% 153,342 72,113 153,584 379,039
CONTINGENCY - 5% 156,684 144,226 307,167 608,078
PROJECT COST 5,125,500 1,983,110 5,208,137 12,316,746
Source: Consultan Analysis, 2013
12.2.2 Operation and Maintenance Cost
The total operation and maintenance cost over 30 years of operation presented at
Table 12.10.
Table 12.10. Operation and Maintenance Cost (million Rp)

YEAR EMPLOYER LANDSIDE GENERAL OPERATION SUPPLIES AIRSIDE MODAL
MAINTE- MAINTE-
NANCE NANCE
2018 63,718 7,991 3,785 8,411 1,367 8,014 25,000
2019 63,718 9,918 4,698 10,440 1,696 8,575
2020 63,718 12,310 5,831 12,958 2,106 9,176
2021 63,718 15,279 7,238 16,084 2,614 9,818
2022 63,718 18,965 8,983 19,963 3,244 10,505
2023 91,300 23,539 11,150 24,778 4,026 11,240 15,000
2024 91,300 29,217 13,839 30,754 4,998 12,027
2025 91,300 36,264 17,178 38,172 6,203 12,869
2026 91,300 45,011 21,321 47,379 7,699 13,770
2027 91,300 55,867 26,463 58,807 9,556 14,734
2028 109,560 64,560 30,581 67,958 11,043 15,765 15,000

Master Plan of
YEAR EMPLOYER LANDSIDE GENERAL OPERATION SUPPLIES AIRSIDE MODAL

MAINTE- MAINTE-
NANCE NANCE
2029 109,560 74,606 35,339 78,532 12,761 16,869
2030 109,560 86,214 40,838 90,752 14,747 18,050
2031 109,560 99,629 47,193 104,873 17,042 19,313
2032 109,560 115,131 54,536 121,191 19,694 20,665
2033 131,472 133,046 63,022 140,048 22,758 22,112 15,000
2034 131,472 153,748 72,828 161,840 26,299 23,660
2035 131,472 177,671 84,160 187,022 30,391 25,316
2036 131,472 205,316 97,255 216,123 35,120 27,088
2037 131,472 237,264 112,388 249,751 40,585 28,984
2038 157,767 266,566 126,268 280,595 45,597 58,101 50,000
2039 157,767 299,487 141,862 315,249 51,228 62,168
2040 157,767 336,473 159,382 354,182 57,555 66,519
2041 157,767 378,028 179,066 397,924 64,663 71,176
2042 157,767 424,714 201,180 447,067 72,648 76,158
2043 189,320 477,166 226,026 502,280 81,621 81,489 30,000
2044 189,320 536,096 253,940 564,312 91,701 87,193
2045 189,320 602,304 285,302 634,004 103,026 93,297
2046 189,320 676,689 320,537 712,304 115,749 99,828
2047 189,320 760,260 360,123 800,273 130,044 106,816
2048 189,320 854,152 404,598 899,107 146,105 114,293 -
3,905,015 7,213,477 3,416,910 7,593,134 1,233,884 1,245,587 150,000
12.2.3 Recapitulation of Cost
The total cost over 30 years of operation presented at Table 12.11.
Table 12.11. Total Cost (million Rp)

YEAR CAPEX O&M DEPREC TAX TOTAL
2018 5,125,500 118,286 - 545 5,244,331

2019 - 99,046 44,148 545 143,739
2020 - 106,099 44,148 583 150,830
2021 - 114,750 44,148 583 159,482
2022 - 125,378 44,148 624 170,151
2023 - 181,034 44,148 624 225,806
2024 - 182,136 44,148 668 226,952
2025 - 201,986 44,148 668 246,802
2026 - 226,480 44,148 714 271,343

Master Plan of
YEAR CAPEX O&M DEPREC TAX TOTAL

2027 - 256,728 44,148 714 301,591
2028 1,983,110 314,468 44,148 764 2,342,490
2029 - 327,668 79,002 764 407,434
2030 - 360,161 79,002 818 439,981
2031 - 397,610 79,002 818 477,430
2032 - 440,777 79,002 875 520,654
2033 - 527,458 79,002 875 607,335
2034 - 569,846 79,002 936 649,784
2035 - 636,032 79,002 936 715,970
2036 - 712,374 79,002 1,002 792,378
2037 - 800,444 79,002 1,002 880,448
2038 5,208,137 984,893 79,002 1,072 6,273,104
2039 - 1,027,760 110,998 2,530 1,141,288
2040 - 1,131,878 110,998 2,707 1,245,584
2041 - 1,248,622 110,998 2,707 1,362,328
2042 - 1,379,535 110,998 2,896 1,493,430
2043 - 1,587,902 110,998 2,896 1,701,797
2044 - 1,722,563 110,998 3,099 1,836,660
2045 - 1,907,253 110,998 3,099 2,021,351
2046 - 2,114,426 110,998 3,316 2,228,741
2047 - 2,346,836 110,998 3,316 2,461,151
2048 - 2,607,575 110,998 3,548 2,722,121
12,316,746 24,758,008 2,341,483 46,246 39,462,484
12.3 REVENUE
12.3.1 Landing Fee
For this stage, the calculation for landing fee assumed that:
 the aircraft the use the NBIA will be from Code C and Code E.
 refer to the tariff from previous part of this chapter.

Master Plan of
Table 12.12. Landing Fee Tariff

DESCRIPTION INTERNATIONAL DOMESTIC
Up to 40 tonnes USD 4.42 per tonne or part thereof IDR 6,450 per tonne or part
thereof
40 – 100 tonnes USD 176.80 + 5.07 per tonne or part IDR 258,000 + 8,578 per
thereof above 40 tonnes tonne or part thereof above
40 tonnes
Over 100 tonnes USD 481.00 + 5.66 per tonne or part IDR 774,000 + 9,997 per
thereof above 100 tonnes tonne or part thereof above
100 tonnes
12.3.2 Parking Fee
For this stage, the calculation for parking fee assumed that:
 the aircraft the use the NBIA will be from Code C and Code E.
 refer to the tariff from previous part of this chapter.
Table 12.13. Parking Fee Tariff

INTERNATIONAL DOMESTIC
First two hours free of charge First two hours free of charge
USD 0.45 per tonne per 24 hours IDR 1,500 per tonne per 24 hours
 the number of aircraft parking is as many as the aircraft that land
12.3.3 Passenger Service Charge (PSC)
For this stage, the calculation for Passenger Service Charge (PSC) assumed that it will
start from price refer to the existing Bali operation and increase every 5 years refer to
inflation.
Table 12.14. Passenger Service Charge Tariff (IDR)

YEAR DOMESTIC PSC INTERNATIONAL PSC
2018 100,000 200,000
2023 150,000 275,000
2028 200,000 350,000
2033 250,000 500,000
2038 350,000 700,000
2043 500,000 1,000,000
2048 500,000 1,000,000
Source: Consultant Analysis, 2013

Master Plan of
12.3.4 Total Aero Revenue
Total of aero revenue from NBIA is presented at Table 12.15.
Table 12.15. Aero Revenue (Million Rp)

YEAR LANDING PARKING PSC TOTAL
2018 71,514 14,624 187,814 273,951
2019 87,377 17,876 217,864 323,118
2020 99,795 20,426 252,723 372,944
2021 121,980 24,978 293,158 440,116
2022 139,367 28,552 340,064 507,983
2023 170,411 34,928 558,499 763,838
2024 194,771 39,939 647,859 882,569
2025 238,237 48,875 751,516 1,038,628
2026 272,384 55,906 871,759 1,200,049
2027 333,279 68,436 1,011,240 1,412,956
2028 362,724 74,408 1,422,218 1,859,349
2029 413,336 84,829 1,535,995 2,034,160
2030 440,261 90,397 1,658,875 2,189,533
2031 501,840 103,088 1,791,585 2,396,512
2032 534,685 109,885 1,934,911 2,579,482
2033 609,642 125,348 2,856,352 3,591,342
2034 649,720 133,650 3,084,860 3,868,230
2035 741,002 152,497 3,331,649 4,225,148
2036 789,923 162,640 3,598,181 4,550,744
2037 901,132 185,623 3,886,035 4,972,790
2038 954,364 196,403 5,758,051 6,908,818
2039 1,058,739 217,984 6,045,953 7,322,677
2040 1,097,821 226,135 6,348,251 7,672,207
2041 1,218,170 251,042 6,665,664 8,134,875
2042 1,263,425 260,488 6,998,947 8,522,861
2043 1,402,241 289,243 10,498,420 12,189,905
2044 1,454,652 300,193 11,023,341 12,778,186
2045 1,614,823 333,402 11,574,508 13,522,734
2046 1,675,529 346,097 12,153,234 14,174,860
2047 1,860,402 384,463 12,760,895 15,005,761
2048 1,930,727 399,182 13,398,940 15,728,849
23,204,273 4,781,538 133,459,363 161,445,175

Master Plan of
12.3.5 Non-Aero Revenue
The resume of non aero revenue is presented at Table 12.16.
Table 12.16. Non-Aero Revenue (Million Rp)

YEAR SPACE COUNTER CONCE- ELECTRI- TELECO- WATER CAR CARGO TOTAL
RENT SSION CITY MUNICATION PARKING
2018 141,096 108 19,398 2,500 1,250 75 1,242 11,791 177,460
2019 141,096 108 24,752 2,900 1,450 87 1,317 12,121 183,830
2020 141,096 108 31,583 4,037 2,018 135 1,396 15,237 195,609
2021 141,096 108 40,300 4,683 2,341 156 1,479 17,446 207,610
2022 141,096 108 51,423 5,885 3,169 181 1,568 20,570 223,999
2023 213,168 145 65,616 6,826 3,676 210 3,324 21,793 314,758
2024 213,168 145 83,726 9,136 4,264 244 3,524 25,498 339,705
2025 213,168 145 106,835 10,598 4,946 283 3,735 27,905 367,615
2026 213,168 145 136,321 13,933 6,557 410 3,959 32,844 407,337
2027 213,168 145 173,945 16,163 7,606 475 4,197 33,763 449,463
2028 326,304 206 225,452 20,536 10,268 616 20,831 41,197 645,410
2029 592,416 642 312,477 22,179 11,089 665 21,977 42,394 1,003,839
2030 592,416 642 371,223 27,546 13,174 719 23,185 57,075 1,085,980
2031 592,416 642 441,013 29,750 14,228 776 24,461 58,787 1,162,072
2032 592,416 642 523,923 36,321 16,763 978 25,806 69,551 1,266,400
2033 861,792 889 622,420 39,226 18,104 1,056 36,300 71,638 1,651,427
2034 861,792 889 739,435 48,882 22,812 1,304 38,297 84,204 1,797,615
2035 861,792 889 878,449 52,793 24,637 1,408 40,403 86,730 1,947,101
2036 861,792 889 1,043,598 64,618 30,409 1,710 42,625 102,604 2,148,246
2037 861,792 889 1,239,794 69,788 32,841 1,847 44,970 105,682 2,357,603
2038 1,261,104 1,254 1,491,754 84,053 38,794 2,371 98,154 126,735 3,104,219
2039 1,898,880 2,051 1,722,976 88,256 40,733 2,489 100,118 129,937 3,985,440
2040 1,898,880 2,735 2,274,328 104,549 49,898 2,851 102,120 174,327 4,609,689
2041 1,898,880 2,735 2,626,849 109,776 52,393 2,994 104,162 177,814 4,975,604
2042 1,898,880 2,735 3,034,011 130,983 62,872 3,668 106,246 207,493 5,446,887
2043 2,721,600 3,816 3,504,283 137,532 66,016 3,851 130,045 211,642 6,778,785
2044 2,721,600 3,816 4,047,447 167,515 77,981 4,621 132,645 247,191 7,402,815
2045 2,721,600 3,816 4,674,801 175,890 81,880 4,852 135,298 252,134 8,050,272
2046 2,721,600 3,816 5,399,395 210,159 98,711 5,732 138,004 294,338 8,871,754
2047 2,721,600 3,816 6,236,301 220,666 103,646 6,018 140,764 300,224 9,733,037
2048 2,721,600 3,816 7,202,928 231,700 108,829 6,319 159,883 306,229 10,741,304
33,962,472 42,888 49,346,758 2,149,379 1,013,355 59,100 1,692,037 3,366,895 91,632,885

Master Plan of
12.3.6 Total Revenue
Total revenue of NBIA is presented at Table 12.17.
Table 12.17. Total Revenue (Million Rp)

YEAR AERO NON-AER0 TOTAL
2018 273,951 177,460 451,411
2019 323,118 183,830 506,948
2020 372,944 195,609 568,554
2021 440,116 207,610 647,726
2022 507,983 223,999 731,982
2023 763,838 314,758 1,078,595
2024 882,569 339,705 1,222,274
2025 1,038,628 367,615 1,406,243
2026 1,200,049 407,337 1,607,386
2027 1,412,956 449,463 1,862,419
2028 1,859,349 645,410 2,504,759
2029 2,034,160 1,003,839 3,037,998
2030 2,189,533 1,085,980 3,275,512
2031 2,396,512 1,162,072 3,558,584
2032 2,579,482 1,266,400 3,845,882
2033 3,591,342 1,651,427 5,242,769
2034 3,868,230 1,797,615 5,665,846
2035 4,225,148 1,947,101 6,172,250
2036 4,550,744 2,148,246 6,698,989
2037 4,972,790 2,357,603 7,330,394
2038 6,908,818 3,104,219 10,013,037
2039 7,322,677 3,985,440 11,308,117
2040 7,672,207 4,609,689 12,281,897
2041 8,134,875 4,975,604 13,110,479
2042 8,522,861 5,446,887 13,969,747
2043 12,189,905 6,778,785 18,968,690
2044 12,778,186 7,402,815 20,181,002
2045 13,522,734 8,050,272 21,573,006
2046 14,174,860 8,871,754 23,046,614
2047 15,005,761 9,733,037 24,738,798
2048 15,728,849 10,741,304 26,470,153
161,445,175 91,632,885 253,078,060

Master Plan of
12.4 COST AND BENEFIT RECAP
12.4.1 Cost and Benefit Recap
Based on calculation of cost and benefit/revenue at the previous Chapters, the recap for
cost and benefit is shown at Table 12.18.
Table 12.18. Cost and Revenue Recap (Million Rp)

YEAR COST REVENUE
2018 5,244,331 451,411
2019 143,739 506,948
2020 150,830 568,554

2021 159,482 647,726
2022 170,151 731,982
2023 225,806 1,078,595
2024 226,952 1,222,274
2025 246,802 1,406,243

2026 271,343 1,607,386
2027 301,591 1,862,419
2028 2,342,490 2,504,759

2029 407,434 3,037,998
2030 439,981 3,275,512
2031 477,430 3,558,584
2032 520,654 3,845,882

2033 607,335 5,242,769
2034 649,784 5,665,846
2035 715,970 6,172,250
2036 792,378 6,698,989
2037 880,448 7,330,394
2038 6,273,104 10,013,037
2039 1,141,288 11,308,117

2040 1,245,584 12,281,897
2041 1,362,328 13,110,479
2042 1,493,430 13,969,747
2043 1,701,797 18,968,690
2044 1,836,660 20,181,002

2045 2,021,351 21,573,006
2046 2,228,741 23,046,614
2047 2,461,151 24,738,798

2048 2,722,121 26,470,153
39,462,484 253,078,060

Master Plan of
The capital cost is the most cost component with more than 30% from total cost. Both
land side and air side maintenance are the next cost component with each 18% and
19%. Employer cost is the next cost component with almost 10% from total cost.
Figure 12.1 shows the cost component proportion from total cost.
Figure 12.1. Cost Component Proportion
Passenger Service Charge (PSC) will be the most revenue component with more than
52% from total revenue. Both commercial concession (19.5%) and space rental (in and
out of terminal) for commercial purpose (13.42%) are the next most revenue from all
operation.
Figure 12.2 shows the revenue component proportion from total revenue.
Figure 12.2. Revenue Component Proportion

Master Plan of
12.4.2 Cost and Benefit Present Value
Based on calculation of cost and benefit/revenue at the previous Chapters, the recap for
cost and benefit is shown at Table 12.18. The number than convert to present value
with three rate 8%, 12% and 16% and shown at Table 12.19.
Table 12.19. Cost and Benefit Recap, Present Value (Million Rp)
YEAR Cost Present Value Benefit Present Value
8% 12% 16% 8% 12% 16%

2018 5,244,331 5,244,331 5,244,331 451,411 451,411 451,411
2019 133,092 128,339 123,913 469,396 452,632 437,024
2020 129,313 120,241 112,091 487,443 453,247 422,528
2021 126,602 113,516 102,173 514,186 461,039 414,971
2022 125,066 108,134 93,973 538,029 465,188 404,267
2023 153,680 128,129 107,509 734,074 612,024 513,533
2024 143,018 114,981 93,151 770,240 619,242 501,673
2025 144,007 111,641 87,326 820,529 636,113 497,570
2026 146,598 109,591 82,766 868,421 649,196 490,294
2027 150,871 108,757 79,304 931,673 671,607 489,729
2028 1,085,026 754,219 531,004 1,160,188 806,465 567,788
2029 174,741 117,128 79,619 1,302,945 873,352 593,676
2030 174,723 112,932 74,120 1,300,751 840,742 551,802
2031 175,550 109,415 69,335 1,308,484 815,536 516,801
2032 177,262 106,536 65,183 1,309,373 786,944 481,486
2033 191,457 110,958 65,548 1,652,739 957,834 565,836
2034 189,666 105,994 60,456 1,653,806 924,222 527,153
2035 193,504 104,277 57,426 1,668,167 898,953 495,060
2036 198,292 103,041 54,788 1,676,416 871,134 463,197
2037 204,010 102,226 52,481 1,698,541 851,108 436,944
2038 1,345,883 650,312 322,346 2,148,279 1,038,019 514,524
2039 226,723 105,637 50,557 2,246,422 1,046,675 500,925
2040 229,113 102,938 47,566 2,259,138 1,015,007 469,018
2041 232,025 100,523 44,848 2,232,915 967,395 431,603
2042 235,513 98,390 42,383 2,203,020 920,356 396,458
2043 248,493 100,105 41,635 2,769,768 1,115,801 464,074
2044 248,320 96,463 38,737 2,728,507 1,059,923 425,633
2045 253,046 94,788 36,752 2,700,656 1,011,635 392,234
2046 258,342 93,316 34,933 2,671,419 964,945 361,230
2047 264,149 92,006 33,255 2,655,154 924,817 334,270
2048 270,517 90,859 31,708 2,630,533 883,519 308,331
13,072,934 9,639,721 7,961,220 48,562,625 25,046,083 14,421,043

Master Plan of
12.4.3 Financial Analysis
Based on cost and benefit calculation, the the IRR reached 19.18%, which is feasible for
project to be proceed. The NPV reached Rp 6,459,822,983,854 at 16% rate, with BCR
1.811 and payback period of 7 years and 10 months. Table 12.20 shows the financial
analysis result.
Table 12.20. Financial Analysis

ASPECT DISCOUNT RATE
8% 12% 16%
NPV 35,489,691,139,715 15,406,362,040,186 6,459,822,983,854
BCR 3.715 2.598 1.811
IRR 19.18%
PAYBACK PERIOD 7 year 10 months

NBIA Financial Analysis

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Chapter 12

12.1.1 Assumptions for Construction Cost

Table 12.1. Assumptions for Construction Cost

Table 12.2. Unit Rate

NO COMPONENTS UNIT RATE (IDR)

NO COMPONENTS UNIT RATE (IDR)

Source: Consultants Analysis, 2013

12.1.2 Assumptions for Operation and Maintenance Cost

Table 12.3. Operation and Maintenance Unit Cost

Source: Consultants Analysis, 2013

12.1.3 Assumptions for Employer Cost

Table 12.4. Estimated Number of Employers

TOTAL EMPLOYER 524 636

Table 12.5. Salary Per Month

2019-2023 2024-2028 2029-2033 2034-2038 2039-2043 2044-2048

1. Deputy 25,000,000 30,000,000 36,000,000 43,200,000 51,840,000 62,208,000

2. Assistants 20,000,000 24,000,000 28,800,000 34,560,000 41,472,000 49,766,400

3. Staffs 10,000,000 12,000,000 14,400,000 17,280,000 20,736,000 24,883,200

1. Info & PAS 7,500,000 9,000,000 10,800,000 12,960,000 15,552,000 18,662,400

2. AOC 7,500,000 9,000,000 10,800,000 12,960,000 15,552,000 18,662,400

3. AMC 7,500,000 9,000,000 10,800,000 12,960,000 15,552,000 18,662,400

4. TIS 7,500,000 9,000,000 10,800,000 12,960,000 15,552,000 18,662,400

1. Commanders 7,500,000 9,000,000 10,800,000 12,960,000 15,552,000 18,662,400

2. Deputies 7,000,000 8,400,000 10,080,000 12,096,000 14,515,200 17,418,240

3. Staffs 5,000,000 6,000,000 7,200,000 8,640,000 10,368,000 12,441,600

4. Screening 5,000,000 6,000,000 7,200,000 8,640,000 10,368,000 12,441,600

5. Guards 5,000,000 6,000,000 7,200,000 8,640,000 10,368,000 12,441,600

6. Patrol 5,000,000 6,000,000 7,200,000 8,640,000 10,368,000 12,441,600

POSITION SALARY PER MONTH (IDR)

2019-2023 2024-2028 2029-2033 2034-2038 2039-2043 2044-2048

1. Commanders 7,500,000 9,000,000 10,800,000 12,960,000 15,552,000 18,662,400

2. Deputies 7,000,000 8,400,000 10,080,000 12,096,000 14,515,200 17,418,240

3. Staf PKP-PK 5,000,000 6,000,000 7,200,000 8,640,000 10,368,000 12,441,600

4. Staffs 5,000,000 6,000,000 7,200,000 8,640,000 10,368,000 12,441,600

5. Salvage 5,000,000 6,000,000 7,200,000 8,640,000 10,368,000 12,441,600

1. Deputy 25,000,000 30,000,000 36,000,000 43,200,000 51,840,000 62,208,000

2. Assistants 20,000,000 24,000,000 28,800,000 34,560,000 41,472,000 49,766,400

3. Staffs 10,000,000 12,000,000 14,400,000 17,280,000 20,736,000 24,883,200

1. Buildings 7,500,000 9,000,000 10,800,000 12,960,000 15,552,000 18,662,400

2. Electric + Mec. 7,500,000 9,000,000 10,800,000 12,960,000 15,552,000 18,662,400

3. Electronic 7,500,000 9,000,000 10,800,000 12,960,000 15,552,000 18,662,400

4. Workshop 7,500,000 9,000,000 10,800,000 12,960,000 15,552,000 18,662,400

1. Deputy 25,000,000 30,000,000 36,000,000 43,200,000 51,840,000 62,208,000

2. Assistants 20,000,000 24,000,000 28,800,000 34,560,000 41,472,000 49,766,400

3. Staffs 10,000,000 12,000,000 14,400,000 17,280,000 20,736,000 24,883,200

Officers 7,500,000 9,000,000 10,800,000 12,960,000 15,552,000 18,662,400

1. Deputy 25,000,000 30,000,000 36,000,000 43,200,000 51,840,000 62,208,000

2. Assistants 20,000,000 24,000,000 28,800,000 34,560,000 41,472,000 49,766,400

3. Staffs 10,000,000 12,000,000 14,400,000 17,280,000 20,736,000 24,883,200

4. Excecutioner 7,500,000 9,000,000 10,800,000 12,960,000 15,552,000 18,662,400

5 PERSONALIA & GENERAL

1. Deputy 25,000,000 30,000,000 36,000,000 43,200,000 51,840,000 62,208,000

2. Assistants 20,000,000 24,000,000 28,800,000 34,560,000 41,472,000 49,766,400

3. Staffs 10,000,000 12,000,000 14,400,000 17,280,000 20,736,000 24,883,200

1. Office 6,000,000 7,200,000 8,640,000 10,368,000 12,441,600 14,929,920

2. Public Relation 7,000,000 8,400,000 10,080,000 12,096,000 14,515,200 17,418,240

3. Personalia 7,500,000 9,000,000 10,800,000 12,960,000 15,552,000 18,662,400

POSITION SALARY PER MONTH (IDR)

2019-2023 2024-2028 2029-2033 2034-2038 2039-2043 2044-2048

1. Chief 25,000,000 30,000,000 36,000,000 43,200,000 51,840,000 62,208,000

2. Deputies 20,000,000 24,000,000 28,800,000 34,560,000 41,472,000 49,766,400

3. Staffs 10,000,000 12,000,000 14,400,000 17,280,000 20,736,000 24,883,200

1. Legal 7,500,000 9,000,000 10,800,000 12,960,000 15,552,000 18,662,400