- GROW-OUT UNIT : (1 HA OF PONDS : 5 × 2 000 M2)
ITEMS | COST | LIFE PERIOD EXPECTANCY (YEARS) | DEPRECIATION COST |
---|---|---|---|
- Earthworks (1 ha) | 75 000 | 15 | 5 000 |
- Hydraulic network | 30 000 | 15 | 2 000 |
- Operation shed | 7 500 | 15 | 500 |
- Various equipments | 8 000 | 3 | 2 670 |
- Vehicle | 25 000 | 5 | 5 000 |
- Engineering (5 %) | 6 400 | 15 | 430 |
Total cost | 151 900 | 9,7 | 15 600 |
1 E.C. = 2,54 FF
1 US $ = 6,6 FF
1 US $ = 2,6 E.C.
OUTCOME | INCOME | ||||
---|---|---|---|---|---|
Juveniles : 180 000 × 0,08 EC | 14 400 | Sales : | |||
Feed : 2 700 kg × 3 × 1,1 EC/kg | 8 910 | ||||
Energy | 7 000 | a) | 2 700 kg × 15 EC/pound = 89 600 EC | ||
Maintenance (1,75 % of investment) | 2 660 | ||||
Miscellaneous (5 % of previous costs) | 1 650 | ||||
Staff : | - manager (1) (700 EC/month) | 2 400 | b) | 2 700 kg × 17 EC/pound = 101 550 EC | |
- harvest staff (2) (400 EC/month) | 2 880 | ||||
Total (1) | 45 900 | ||||
Depreciation cost (2) | 15 600 | ||||
Grand total (1) + (2) | 61 500 | ||||
Gross profit | (a) sales 15 EC/pound | 28 100 | |||
(b) sales 17 EC/pound | 40 050 | ||||
Cash flow | (a) (15 EC/pound) | 43 700 | |||
(b) (17 EC/pound) | 55 650 |
(1) Full time
(2) 3 workers during one day/week
TABLE NO:
Table for financial analysis
Calculation of the Financial
Internal Rate of Return (FIRR)
PROJECT: | YEAR | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 |
INVESTMENTS | ||||||||||||||||
HATCHERY | ||||||||||||||||
life period: 15 years | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
life period: 10 years | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
life period: 7 years | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
life period: 5 years | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
life period: 3 years | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
life period: | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
life period: | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
GROW OUT UNIT | ||||||||||||||||
life period: 15 years | 1 | 118900 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
life period: 10 years | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
life period: 7 years | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
life period: 5 years | 1 | 25000 | 0 | 0 | 0 | 0 | 25000 | 0 | 0 | 0 | 0 | 25000 | 0 | 0 | 0 | 0 |
life period: 3 years | 1 | 8000 | 0 | 0 | 8000 | 0 | 0 | 8000 | 0 | 0 | 8000 | 0 | 0 | 8000 | 0 | 0 |
life period: | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
life period: | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
OPERATING COSTS | ||||||||||||||||
HATCHERY | ||||||||||||||||
feed | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
packing materials | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
animals | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
operation materials | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
staff | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
services & supplies | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
-energy | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
-maintenance | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
-insurances | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
-miscellaneous | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
technical assistance | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
royalties(Know-How) | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
GROW OUT UNIT | ||||||||||||||||
feed | 1 | 325 | 4760 | 8910 | 8910 | 8910 | 8910 | 8910 | 8910 | 8910 | 8910 | 8910 | 8910 | 8910 | 8910 | 8910 |
packing materials | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
animals | 1 | 10400 | 13600 | 14400 | 14400 | 14400 | 14400 | 14400 | 14400 | 14400 | 14400 | 14400 | 14400 | 14400 | 14400 | 14400 |
operation materials | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
staff | 1 | 8400 | 11280 | 11280 | 11280 | 11280 | 11280 | 11280 | 11280 | 11280 | 11280 | 11280 | 11280 | 11280 | 11280 | 11280 |
services & supplies | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
-energy | 1 | 3500 | 7000 | 7000 | 7000 | 7000 | 7000 | 7000 | 7000 | 7000 | 7000 | 7000 | 7000 | 7000 | 7000 | 7000 |
-maintenance | 1 | 1330 | 2660 | 2660 | 2660 | 2660 | 2660 | 2660 | 2660 | 2660 | 2660 | 2660 | 2660 | 2660 | 2660 | 2660 |
-insurances | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
-miscellaneous | 1 | 777.75 | 1401 | 1648.50 | 1648.50 | 1648.50 | 1648.50 | 1648.50 | 1648.50 | 1648.50 | 1648.50 | 1648.50 | 1648.50 | 1648.50 | 1648.50 | 1648.50 |
technical assistance | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
royalties(Know-How) | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
lease of water area | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
TOTAL INVESTMENTS | ||||||||||||||||
hatchery | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
grow out unit | 151900 | 0 | 0 | 8000 | 0 | 25000 | 8000 | 0 | 0 | 8000 | 25000 | 0 | 8000 | 0 | 0 | |
total invest. | 151900 | 0 | 0 | 8000 | 0 | 25000 | 8000 | 0 | 0 | 8000 | 25000 | 0 | 8000 | 0 | 0 | |
TOTAL OPERATING COSTS | ||||||||||||||||
hatchery | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
grow out unit | 24733 | 40701 | 45899 | 45899 | 45899 | 45899 | 45899 | 45899 | 45899 | 45899 | 45899 | 45899 | 45899 | 45899 | 45899 | |
total operat. costs | 24733 | 40701 | 45899 | 45899 | 45899 | 45899 | 45899 | 45899 | 45899 | 45899 | 45899 | 45899 | 45899 | 45899 | 45899 | |
TOTAL COSTS (1) | 176633 | 40701 | 45899 | 53899 | 45899 | 70899 | 53899 | 45899 | 45899 | 53899 | 70899 | 45899 | 53899 | 45899 | 45899 | |
TOTAL REVENUES (2) | 1 | 0 | 52500 | 89600 | 89600 | 89600 | 89600 | 89600 | 89600 | 89600 | 89600 | 89600 | 89600 | 89600 | 89600 | 89600 |
NET CASH FLOW (2-1) | 176633 | 11799 | 43702 | 35702 | 43702 | 18702 | 35702 | 43702 | 43702 | 35702 | 18702 | 43702 | 35702 | 43702 | 43702 | |
F.I.R.R. = | 16.61 | N.P.V.= | -.01713 | |||||||||||||
.1661 | % | disc.factor = | .1661 |
TABLE No:
Table for financial analysis
Calculation of the Financial
Internal Rate of Return (FIRR)
PROJECT: | YEAR | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 |
INVESTMENTS | ||||||||||||||||
HATCHERY | ||||||||||||||||
life period: 15 years | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
life period: 10 years | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
life period: 7 years | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
life period: 5 years | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
life period: 3 years | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
life period: | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
life period: | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
GROW OUT UNIT | ||||||||||||||||
life period: 15 years | 1 | 118900 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
life period: 10 years | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
life period: 7 years | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
life period: 5 years | 1 | 25000 | 0 | 0 | 0 | 0 | 25000 | 0 | 0 | 0 | 0 | 25000 | 0 | 0 | 0 | 0 |
life period: 3 years | 1 | 8000 | 0 | 0 | 8000 | 0 | 0 | 8000 | 0 | 0 | 8000 | 0 | 0 | 8000 | 0 | 0 |
life period: | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
life period: | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
OPERATING COSTS | ||||||||||||||||
HATCHERY | ||||||||||||||||
feed | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
packing materials | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
animals | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
operation materials | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
staff | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
services & supplies | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
-energy | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
-maintenance | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
-insurances | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
-miscellaneous | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
technical assistance | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
royalties(Know-How) | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
GROW OUT UNIT | ||||||||||||||||
feed | 1 | 325 | 4760 | 8910 | 8910 | 8910 | 8910 | 8910 | 8910 | 8910 | 8910 | 8910 | 8910 | 8910 | 8910 | 8910 |
packing materials | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
animals | 1 | 10400 | 13600 | 14400 | 14400 | 14400 | 14400 | 14400 | 14400 | 14400 | 14400 | 14400 | 14400 | 14400 | 14400 | 14400 |
operation materials | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
staff | 1 | 8400 | 11280 | 11280 | 11280 | 11280 | 11280 | 11280 | 11280 | 11280 | 11280 | 11280 | 11280 | 11280 | 11280 | 11280 |
services & supplies | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
-energy | 1 | 3500 | 7000 | 7000 | 7000 | 7000 | 7000 | 7000 | 7000 | 7000 | 7000 | 7000 | 7000 | 7000 | 7000 | 7000 |
-maintenance | 1 | 1330 | 2660 | 2660 | 2660 | 2660 | 2660 | 2660 | 2660 | 2660 | 2660 | 2660 | 2660 | 2660 | 2660 | 2660 |
-insurances | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
-miscellaneous | 1 | 777.75 | 1401 | 1648.50 | 1648.50 | 1648.50 | 1648.50 | 1648.50 | 1648.50 | 1648.50 | 1648.50 | 1648.50 | 1648.50 | 1648.50 | 1648.50 | 1648.50 |
technical assistance | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
royalties(Know-How) | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
lease of water area | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
TOTAL INVESTMENTS | ||||||||||||||||
hatchery | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
grow out unit | 151900 | 0 | 0 | 8000 | 0 | 25000 | 8000 | 0 | 0 | 8000 | 25000 | 0 | 8000 | 0 | 0 | |
total invest. | 151900 | 0 | 0 | 8000 | 0 | 25000 | 8000 | 0 | 0 | 8000 | 25000 | 0 | 8000 | 0 | 0 | |
TOTAL OPERATING COSTS | ||||||||||||||||
hatchery | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
grow out unit | 24733 | 40701 | 45899 | 45899 | 45899 | 45899 | 45899 | 45899 | 45899 | 45899 | 45899 | 45899 | 45899 | 45899 | 45899 | |
total operat. costs | 24733 | 40701 | 45899 | 45899 | 45899 | 45899 | 45899 | 45899 | 45899 | 45899 | 45899 | 45899 | 45899 | 45899 | 45899 | |
TOTAL COSTS (1) | 176633 | 40701 | 45899 | 53899 | 45899 | 70899 | 53899 | 45899 | 45899 | 53899 | 70899 | 45899 | 53899 | 45899 | 45899 | |
TOTAL REVENUES (2) | 1 | 0 | 59600 | 101550 | 101550 | 101550 | 101550 | 101550 | 101550 | 101550 | 101550 | 101550 | 101550 | 101550 | 101550 | 101550 |
NET CASH FLOW (2-1) | -176633 | 18899 | 55652 | 47652 | 55652 | 30652 | 47652 | 55652 | 55652 | 47652 | 30652 | 55652 | 47652 | 55652 | 55652 | |
F.I.R.R. = | 23.22 | N.P.V.= | -.07947 | |||||||||||||
.2322 | % | disc.factor = | .2322 |