NIM (Last 3 Digit x 100000)

D621 09 282
Levels Of Management
Top Management
Middle Management
Low Management
Operators
TOTAL

Stripping Ratio
Years
PP
1th
2nd
3rd
4th
5th
th
6
th
7
th
8
th
9
10th
th
11
th
12
TOTAL

RESERVE
13,500,000.00

Employee Salaries/Month
$
2,500.00
$
1,300.00
$
600.00
$
350.00
$

Total Reserve
41,700,000.00

EMPLOYEE
Total Employee
2
15
25
90

4,750.00

132

$
$
$
$

Total Salaries/Month
5,000.00
19,500.00
15,000.00
31,500.00

$
$
$
$

Total Salaries/Year
60,000.00
234,000.00
180,000.00
378,000.00

71,000.00

852,000.00

7.1
PRUDUCTION SCHEDULING
MATERIAL
COAL (Ton)
OVER BURDEN (Ton)
3,475,000
3,475,000
3,475,000
3,475,000
3,475,000
3,475,000
3,475,000
3,475,000
3,475,000
3,475,000
3,475,000
3,475,000
41,700,000

24,672,500
24,672,500
24,672,500
24,672,500
24,672,500
24,672,500
24,672,500
24,672,500
24,672,500
24,672,500
24,672,500
24,672,500
296,070,000

TOTAL(Ton)
28,147,500
28,147,500
28,147,500
28,147,500
28,147,500
28,147,500
28,147,500
28,147,500
28,147,500
28,147,500
28,147,500
28,147,500
337,770,000

Overhead cost
Stripping cost
Drilling cost
Blasting cost
Loading cost
Hauling cost
Transportation cost
Marketing expense (5% 0f Total Cost)
G&A expense (3% 0f Total Cost)
Overhead cost
Equity
Long-term debt (40% 0f Total Capital
Expenditures)
Interest rate

$
$
$
$
$
$
$

500.00
0.32
0.57
0.46
0.17
0.15
0.23
5%
3%
500
60%
40%

1,300,614

6.75%

13.50%

EXPENDITURES
Expenditures
Capital expenditure
- Exploration drilling
- Exploration fee
- Land
- Building
- Equipments
Total capital expenditure
Cost
- Stripping cost
- Drilling cost
- Blasting cost
- Loading cost
- Hauling cost
- Transportation cost
-Overhead cost
Total Cost
Expense
- Marketing expense
- G&A expense
- TM salary
- MM salary
- LM salary
- Operator salary
Total expense
Total Expenditures

exploration

10

11

12

$ 112,000.00
$ 780.00
$
$
$
$

134,000.00
4,756.00
3,000,000.00
3,251,536.00

$
4,756.00
$ 3,000,000.00

$
$

4,756.00
3,000,000.00

$ 9,007,200.00 $
$ 16,044,075.00 $
$ 12,947,850.00 $
$ 4,785,075.00 $
$ 4,222,125.00 $
$
799,250.00 $
$
6,000.00 $
$ 47,811,575.00 $

9,007,200.00
16,044,075.00
12,947,850.00
4,785,075.00
4,222,125.00
799,250.00
6,000.00
47,811,575.00

$
$
$
$
$
$
$
$

9,007,200.00
16,044,075.00
12,947,850.00
4,785,075.00
4,222,125.00
799,250.00
6,000.00
47,811,575.00

$
$
$
$
$
$
$
$

9,007,200.00
16,044,075.00
12,947,850.00
4,785,075.00
4,222,125.00
799,250.00
6,000.00
47,811,575.00

$ 9,007,200.00 $
$ 16,044,075.00 $
$ 12,947,850.00 $
$ 4,785,075.00 $
$ 4,222,125.00 $
$
799,250.00 $
$
6,000.00 $
$ 47,811,575.00 $

9,007,200.00
16,044,075.00
12,947,850.00
4,785,075.00
4,222,125.00
799,250.00
6,000.00
47,811,575.00

$
$
$
$
$
$
$
$

9,007,200.00
16,044,075.00
12,947,850.00
4,785,075.00
4,222,125.00
799,250.00
6,000.00
47,811,575.00

$
$
$
$
$
$
$
$

9,007,200.00
16,044,075.00
12,947,850.00
4,785,075.00
4,222,125.00
799,250.00
6,000.00
47,811,575.00

$
$
$
$
$
$
$
$

9,007,200.00
16,044,075.00
12,947,850.00
4,785,075.00
4,222,125.00
799,250.00
6,000.00
47,811,575.00

$
$
$
$
$
$
$
$

9,007,200.00
16,044,075.00
12,947,850.00
4,785,075.00
4,222,125.00
799,250.00
6,000.00
47,811,575.00

$
$
$
$
$
$
$
$

9,007,200.00
16,044,075.00
12,947,850.00
4,785,075.00
4,222,125.00
799,250.00
6,000.00
47,811,575.00

$
$
$
$
$
$
$
$

$ 2,390,578.75
$ 1,434,347.25
$
60,000.00
$
234,000.00
$
180,000.00
$
378,000.00
$ 4,676,926.00
$ 52,488,501.00

2,390,578.75
1,434,347.25
60,000.00
234,000.00
180,000.00
378,000.00
4,676,926.00
52,488,501.00

$
$
$
$
$
$
$
$

2,390,578.75
1,434,347.25
60,000.00
234,000.00
180,000.00
378,000.00
4,676,926.00
52,488,501.00

$
$
$
$
$
$
$
$

2,390,578.75
1,434,347.25
60,000.00
234,000.00
180,000.00
378,000.00
4,676,926.00
52,488,501.00

$ 2,390,578.75
$ 1,434,347.25
$
60,000.00
$ 234,000.00
$ 180,000.00
$ 378,000.00
$ 4,676,926.00
$ 55,493,257.00

2,390,578.75
1,434,347.25
60,000.00
234,000.00
180,000.00
378,000.00
4,676,926.00
52,488,501.00

$
$
$
$
$
$
$
$

2,390,578.75
1,434,347.25
60,000.00
234,000.00
180,000.00
378,000.00
4,676,926.00
52,488,501.00

$
$
$
$
$
$
$
$

2,390,578.75
1,434,347.25
60,000.00
234,000.00
180,000.00
378,000.00
4,676,926.00
52,488,501.00

$
$
$
$
$
$
$
$

2,390,578.75
1,434,347.25
60,000.00
234,000.00
180,000.00
378,000.00
4,676,926.00
52,488,501.00

$
$
$
$
$
$
$
$

2,390,578.75
1,434,347.25
60,000.00
234,000.00
180,000.00
378,000.00
4,676,926.00
55,493,257.00

$
$
$
$
$
$
$
$

2,390,578.75
1,434,347.25
60,000.00
234,000.00
180,000.00
378,000.00
4,676,926.00
52,488,501.00

$ 2,390,578.75
$ 1,434,347.25
$
60,000.00
$ 234,000.00
$ 180,000.00
$ 378,000.00
$ 4,676,926.00
$ 52,488,501.00

$
$
$
$
$
$
$
$

$
$
$
$
$
$
$
$

9,007,200.00
16,044,075.00
12,947,850.00
4,785,075.00
4,222,125.00
799,250.00
6,000.00
47,811,575.00

Income Statement

Economic Parameters

tax

1
3,475,000
24,672,500
2,780,000

Coal
Over Burden
Coal Recovery (80%)

2
3,475,000
24,672,500
2,780,000

Coal (USD/Ton)
Gross Revenue

$
56.00 $
56.00 $
$ 155,680,000.00 $ 155,680,000.00 $

Total Expense
Gross Income From Mining
Total Operating Cost
Net Operating income
Principal
Interest
Depreciation
Salvage value

$
$
$
$

Net Income before Tax & Depletion

(EBT)
Depletion
Pretax Net Income
Tax (27%)
Royalty(13.5%)
Net Profit

$
$

4,676,926.00
151,003,074.00
47,811,575.00
103,191,499.00

3
3,475,000
24,672,500
2,780,000

4
3,475,000
24,672,500
2,780,000

56.00 $
155,680,000.00 $

57.68 $
160,350,400.00 $

$ 4,676,926.00 $ 4,676,926.00
$ 151,003,074.00 $ 151,003,074.00
$ 47,811,575.00 $ 47,811,575.00
$ 103,191,499.00 $ 103,191,499.00

$
175,582.94 $
600,951.20 $

185,802.06 $
175,582.94 $
600,951.20 $

185,802.06 $
125,416.39 $
600,951.20 $

Royalty

3,475,000
24,672,500
2,780,000

Year
6
3,475,000
24,672,500
2,780,000

7
3,475,000
24,672,500
2,780,000

59.41 $
165,160,912.00 $

61.19 $
170,115,739.36 $

63.03 $
175,219,211.54 $

$ 4,676,926.00 $
$ 155,673,474.00 $
$ 47,811,575.00 $
$ 107,861,899.00 $

185,802.06 $
150,499.67 $
600,951.20 $

27%

4,676,926.00
160,483,986.00
47,811,575.00
112,672,411.00

$
$
$
$

185,802.06 $
100,333.11 $
600,951.20 $

4,676,926.00
165,438,813.36
47,811,575.00
117,627,238.36

$ 4,676,926.00 $
$ 170,542,285.54 $
$ 47,811,575.00 $
$ 122,730,710.54 $

185,802.06 $
75,249.83 $
600,951.20 $

185,802.06 $
50,166.56 $
961,521.92 $

13.5%

3,475,000
24,672,500
2,780,000

9
3,475,000
24,672,500
2,780,000

10
3,475,000
24,672,500
2,780,000

11
3,475,000
24,672,500
2,780,000

64.92 $
180,475,787.89 $

66.87 $
185,890,061.52 $

68.87 $
191,466,763.37 $

70.94 $
197,210,766.27 $

4,676,926.00
175,798,861.89
47,811,575.00
127,987,286.89

$ 4,676,926.00 $ 4,676,926.00
$ 181,213,135.52 $ 186,789,837.37
$ 47,811,575.00 $ 47,811,575.00
$ 133,401,560.52 $ 138,978,262.37

73.07
203,127,089.26

4,676,926.00
198,450,163.26
47,811,575.00
150,638,588.26

346,147.89 $

600,951.20 $

961,521.92

127,199,488.40 $ 133,055,412.63 $ 138,632,114.48 $

144,121,314.07 $

149,677,066.34

346,147.89 $

4,676,926.00
192,533,840.27
47,811,575.00
144,722,265.27

3,475,000
24,672,500
2,780,000

$
$
$
$

185,802.06
25,083.28
576,913.15 $

$
$
$
$

12

658621.41

658621.41 $ 102,414,964.86 $ 102,229,162.80 $ 102,254,246.08 $ 106,949,729.35 $

$
$
$
658621.41 $

15,100,307
87,314,657.46
23,574,957.51
11,787,478.76
51,952,221.19

$
$
$
$

15,100,307
87,128,855.40
23,524,790.96
11,762,395.48
51,841,668.96

15,100,307
15,567,347
$ 87,153,938.68 $ 91,382,381.95
$ 23,531,563.44 $ 24,673,243.13
$ 11,765,781.72 $ 12,336,621.56
$ 51,856,593.51 $ 54,372,517.26

$
$
$
$

111,785,324.63 $ 116,765,235.27 $ 121,533,220.01 $

16,048,399
95,736,926.03
25,848,970.03
12,924,485.01
56,963,470.99

$
$
$
$

16,543,881
100,221,353.93
27,059,765.56
13,529,882.78
59,631,705.59

$
$
$
$

17,054,229
104,478,991.45
28,209,327.69
14,104,663.85
62,164,999.92

$
$
$
$

17,579,886
109,619,602.21
29,597,292.60
14,798,646.30
65,223,663.32

18,121,314
18,678,984
$ 114,934,099.08 $ 119,953,130.74
$ 31,032,206.75 $ 32,387,345.30
$ 15,516,103.38 $ 16,193,672.65
$ 68,385,788.95 $ 71,372,112.79

19,253,384
19,845,016
$ 124,867,930.04 $ 129,832,050.01
$ 33,714,341.11 $ 35,054,653.50
$ 16,857,170.56 $ 17,527,326.75
$ 74,296,418.38 $ 77,250,069.76

Depreciation
Component

Straightline methode

Total Depreciation
0

Bulding
Years of 1-5
Years of 6-10
Years of 11 & 12
Equipment
Years of 1-5
Years of 6-10
Years of 11 & 12
Total

4,756.00
4,756.00
4,756.00

951.20

3,000,000.00
3,000,000.00
3,000,000.00
9,014,268.00

600,000.00

Depletion
EQUIPMENT
Detailed exploration
exploration consultant
Depletion bassis
Total Tonage
Unit Depletion Rate

Declining Balance switching Strighline Methode

3

951.20

4
951.20

5
951.20

600,000.00

600,000.00

600,951.20

600,951.20

3000000
112000
780
3112780
41700000
0.075

600,951.20

10

11

12

Future

Present (0)

1,521.92

913.15

547.89

547.89
951.20

1,521.92

2,282.88

1,042.48

600,000.00
600,951.20

960,000.00
961,521.92

1,440,000.00
1,442,282.88

657,578.93
658,621.41

600,000.00
600,000.00

600,951.20

951.20
951.20

600,000.00

Salvage Value

600,951.20

600,951.20

960,000.00
961,521.92

576,000.00
576,913.15

345,600.00
346,147.89

DB Rate
Usefull life
DB Rate

3475000

345,600.00
346,147.89

200%
5
0.4

Depletion
Production tonage
Unit Depletion Rate
Allowable Unit depletion

Adjusted Depletion Bassis

1
3,475,000.00
0.075
259,398.33

2
3,475,000.00
0.075
259,398.33

3
3,475,000.00
0.075
259,398.33

COST OF UNIT METHOD

4
5
6
3,475,000.00
3,475,000.00
3,475,000.00
0.075
0.075
0.075
259,398.33
259,398.33
259,398.33

2,853,381.67

2,593,983.33

2,334,585.00

2,075,186.67

1,815,788.33

1,556,390.00

7
3,475,000.00
0.075
259,398.33

8
3,475,000.00
0.075
259,398.33

9
3,475,000.00
0.075
259,398.33

10
3,475,000.00
0.075
259,398.33

11
3,475,000.00
0.075
259,398.33

1,296,991.67

1,037,593.33

778,195.00

518,796.67

259,398.33

10

11

12
3,475,000.00
0.075
259,398.33
-

STATUTORY METHOD
1
GROSS INCOME

$ 151,003,074.00 $ 151,003,074.00 $ 151,003,074.00 $ 155,673,474.00 $ 160,483,986.00 $ 165,438,813.36 $ 170,542,285.54 $

12

175,798,861.89 $ 181,213,135.52 $ 186,789,837.37 $ 192,533,840.27 $ 198,450,163.26

Statutory
10%

percentage of

15,100,307

15,100,307

15,100,307

15,567,347

16,048,399

16,543,881

17,054,229

17,579,886

18,121,314

18,678,984

19,253,384

19,845,016

51,207,482

51,114,581

51,127,123

53,474,865

55,892,662

58,382,618

60,766,610

63,599,744

66,527,706

69,316,057

72,060,657

74,838,533

gross income
50%

Net Income