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  • CF Tables 15y #5

    Transféré par

    mvfw.hasenkamp
    8 vues1 page
    For the case study ocean carrier

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    For the case study ocean carrier

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    © All Rights Reserved
    Téléchargez comme PDF, TXT ou lisez en ligne sur Scribd
    Signaler comme contenu inapproprié
    8 vues1 page

    CF Tables 15y #5

    Transféré par

    mvfw.hasenkamp
    For the case study ocean carrier

    Droits d'auteur :

    © All Rights Reserved
    Téléchargez comme PDF, TXT ou lisez en ligne sur Scribd
    Signaler comme contenu inapproprié
    sur 1

    Overview of Data

    Calendar Year 2.000 2.001 2.002 2.003 2.004 2.005 2.006 2.007 2.008 2.009 2.010 2.011 2.012 2.013 2.014 2.015 2.016 2.017
    Expected Daily Hire Rate 20.000 20.200 20.400 18.714 17.283 17.481 17.682 17.886 18.092 17.428 17.628 17.831 18.036 18.243 14.762
    Operation Costs per day 4.000 4.160 4.326 4.499 4.679 4.867 5.061 5.264 5.474 5.693 5.921 6.158 6.404 6.660 6.927
    Days per Year 366 365 365 365 366 365 365 365 366 365 365 365 366 365 365 365 366 365
    Investment 3.900.000 3.900.000 31.200.000
    Days in Operation 357 358 357 357 357 354 353 353 353 354 349 349 349 350 349
    Days for Maintance 8 8 8 8 8 12 12 12 12 12 16 16 16 16 16

    Hongkong 15 years
    Capital Budgeting
    Age of Ship 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15
    Event Year - 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17
    Calendar Year 2.000 2.001 2.002 2.003 2.004 2.005 2.006 2.007 2.008 2.009 2.010 2.011 2.012 2.013 2.014 2.015 2.016 2.017
    Revenue 7.140.000 7.231.600 7.282.800 6.680.898 6.170.031 6.188.274 6.241.746 6.313.758 6.386.476 6.169.512 6.152.172 6.223.019 6.294.564 6.385.050 5.151.938
    Operation Costs 1.460.000 1.522.560 1.579.136 1.642.301 1.707.993 1.781.180 1.847.366 1.921.260 1.998.111 2.083.728 2.161.157 2.247.603 2.337.507 2.437.668 2.528.248
    Costs for special Survey 300.000 350.000 750.000
    Depreciation Ship 1.560.000 1.560.000 1.560.000 1.560.000 1.560.000 1.560.000 1.560.000 1.560.000 1.560.000 1.560.000 1.560.000 1.560.000 1.560.000 1.560.000 17.160.000
    Depriciation Survey 60.000 60.000 60.000 60.000 60.000 70.000 70.000 70.000 70.000 70.000
    Proceeds from disposal of fixed assets 5.000.000
    EBT 4.120.000 4.149.040 4.143.664 3.478.597 2.902.038 2.787.094 2.774.380 2.772.498 2.768.365 2.465.784 2.361.015 2.345.416 2.327.057 2.317.382 - 9.606.310

    FCF and NPV


    Age of Ship 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15
    Event Year - 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17
    Calendar Year 2.000 2.001 2.002 2.003 2.004 2.005 2.006 2.007 2.008 2.009 2.010 2.011 2.012 2.013 2.014 2.015 2.016 2.017
    Unlevered Net income 4.120.000 4.149.040 4.143.664 3.478.597 2.902.038 2.787.094 2.774.380 2.772.498 2.768.365 2.465.784 2.361.015 2.345.416 2.327.057 2.317.382 - 9.606.310
    Capital Expenditures 300.000 350.000
    NWC 500.000 515.000 530.450 546.364 562.754 579.637 597.026 614.937 633.385 652.387 671.958 692.117 712.880 734.267 -
    Change NWC 500.000 15.000 15.450 15.914 16.391 16.883 17.389 17.911 18.448 19.002 19.572 20.159 20.764 21.386 - 734.267
    FCF -3.900.000 -3.900.000 -26.020.000 5.694.040 5.688.214 5.022.683 4.145.647 4.390.212 4.376.991 4.374.587 4.369.917 3.716.782 3.971.444 3.955.257 3.936.293 3.925.996 8.357.957
    PV FCF -3.900.000 -3.577.982 -21.900.513 4.396.844 4.029.674 3.264.399 2.471.914 2.401.596 2.196.664 2.014.181 1.845.900 1.440.375 1.411.986 1.290.120 1.177.922 1.077.835 2.105.117
    NPV -3.900.000 -7.477.982 -29.378.495 -24.981.651 -20.951.977 -17.687.578 -15.215.664 -12.814.068 -10.617.404 -8.603.223 -6.757.322 -5.316.947 -3.904.961 -2.614.841 -1.436.919 - 359.084 1.746.033

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