MODEL ALIRAN PROSES

•
• R aw Material Operasi Produk
• RawBagasse

By Product
 MODEL ALIRAN UANG

Revenue Operasi Biaya Cash Operasi

Income
 CASH FLOW
 Reveneu ( R )
Operasi Biaya Operasi Cash ( C)

GRADING

Income = R-C
Cash Flow
FRESH FRUIT

Depresiasi( D )
(I)

Profit before taxis = R-C-D

Tax = t% ( R-C-D)
R-C-D

Profit after taxis

= (1-t)(R-C-D)
 SOAL CASH FLOW
A. Company is considering the manufacture of
chemical . Land must be acquired that is estimated
to be $ 350.000,- (available 2 year prior to start)
and FCI is to be purchased and installed of $
12.000.000,- over a 2years to start up, working
capital to be $ 1.500.000,- and will be charged to
the project at time zero . Depreciation is calculated
by SLD method. The income taxes is 10% . The
product is estimated to have an 10 years life and
the projected sales data are as follows:
•
DATA REVENUE DAN TOTAL BIAYA OPERASI
Annual sales Selling Price Total Operating
Tahun ( Million lb) ( $/lb) Expenses ( $/lb)
1 20 0.48 0.31
2 22 0.48 0.32
3 25 0.50 0.306
4 27 0.51 0.293
5 30 0.51 0.279
6 35 0.49 0.276
7 35 0.49 0.286
8 34 0.48 0.292
9 32 0.47 0.31
10 30 0.46 0.32
 MENGHITUNG MODAL DAN CASH FLOW
• Hitung modal yang diperlukan dan cash flow
tahunannya dari proyek tersebut menggunakan
Model Cash Flow
• Summary
• Land = $ 350.000,
• Modal Tetap = $ 12.000.000
• Modal kerja = $ 1.500.000,-
• TOTAL MODAL= $ 13.850.000,-
 Cash Biaya Operasi= Total Biaya - Dep
Tahu Total Depres Cash Biaya Pendapa
n Sales Biaya iasi Operasi tan
1 9.6 6.2 1.2 5 4.6
2 10.56 7.04 1.2 5.84 4.72
3 12.5 7.65 1.2 6.45 6.05
4 13.77 7.911 1.2 6.711 7.059
5 15.3 8.37 1.2 7.17 8.13
6 17.15 9.66 1.2 8.46 8.69
7 17.15 10.01 1.2 8.81 8.34
8 16.32 9.928 1.2 8.728 7.592
9 15.04 9.92 1.2 8.72 6.32
10 13.8 9.6 1.2 8.4 5.4
 PERHITUNGAN CASH FLOW .
Penda Untung Untung Cash
Tahun patan Dep Kotor Pajak Bersih Dep Flow
1 4.6 1.2 3.4 0.34 3.06 1.2 4.26
2 4.72 1.2 3.52 0.352 3.168 1.2 4.368
3 6.05 1.2 4.85 0.485 4.365 1.2 5.565
4 7.059 1.2 5.859 0.585 5.2731 1.2 6.4731
5 8.13 1.2 6.93 0.693 6.237 1.2 7.437
6 8.69 1.2 7.49 0.749 6.741 1.2 7.941
7 8.34 1.2 7.14 0.714 6.426 1.2 7.626
8 7.592 1.2 6.392 0.639 5.7528 1.2 6.9528
9 6.32 1.2 5.12 0.512 4.608 1.2 5.808
10 5.4 1.2 4.2 0.42 3.78 1.2 4.98
 COMULATIVE CASH POSITIO .
Year Investment Cash Flow Cumulative cash position
-2 -350 -350
-1 12,000 -12,350
0 -1,500 -13,850
1 4.260 - 9,590
2 4.368 -5,322
3 5.565 + 0,243
4 6.473
5 7.437
6 7.941
7 7.626
8 6.952
9 5.808
10 Land + WC 4.980