The following Hotel project includes several related information:

Value Unit Note

1 Land use 37,500 Million VND 1,500m2 of land use, unit price: 25
2 Construction Developing
2a Construction Works The hotel has 5 floors
Building Foundation 3,000 Million VND 80% of land use area, unit price 2.5
80% of the land use area, Unit pric
Hotel Building 24,000 Million VND floors * land use area
Rooftop 1,440 Million VND 80% of land use area, unit price 1.2

Ancillary works 510 Million VND Trees and ancillary facilities: 20%
Completion costs 869 Million VND 3% of 2a-construction works
2b Equipment costs
Machinery and equipment 15,000 Million VND
2c Management and consulting costs during 600 Million VND

3 Other Costs
3a Construction Insurance Costs 596 Million VND 2% of 2a-construction works
3b Additional Costs (Invoices available) 200 Million VND Reasonable expenses incurred

4 Provision Expenses 10% Total cost (excluding interest payment)

5 Working Capital
Minimum Cash 5% Revenue
Payable 20% Food + Beverage Cost
Receivable 10% Revenue
Inventory (raw material for restaurant wor 30% Food + Beverage Cost
NO Finished Goods Inventory (Assumptio 0

6.1 Room Rental Revenue

6.1.1 Standard Room A Standard Room has square of
Unit Price 1.5 Mill/day
Quantity 30 Rooms
6.1.2 Superior Room A Superior Room has square of 6
Unit Price 2.3 Mill/day
Quantity 40 Rooms
6.1.3 Deluxe Room A Deluxe Room has square of 80m
Unit Price 2.8 Mill/day
Quantity 15 Rooms
6.1.4 Suite Room A Suite Room has square of 100m
Unit Price 4.0 Mill/day
Quantity 12 Rooms

Note Average Capacity

02 first years 70% Room Rental Revenue
 From the 3th year 75% Room Rental Revenue
Number of operating days per year 365 days

6.2 Restaurant Revenue

Average 30% Total Revenue
6.3 Other services Revenue 10% Total Revenue Spa, laundry, tourguide…
6.4 Revenue Deduction 5% Total Revenue For discounts & promotions

7 Cost of goods & services production

7.1 Employees 21% Total Revenue
7.2 Material (food & beverage) 18% Total Revenue
7.3 General Manufacturing costs 12% Total Revenue
8 Management and sales costs
8.1 Management costs 7% Total Revenue
8.2 Marketing & Distribution costs 3% Total Revenue
8.5 Maintenance and Servicing costs 5% Total Revenue

9 Depreciation period
9.1 Construction 5 Years Straight-line depreciation
9.2 Machinery and Equipment 5 Years Straight-line depreciation

10 Other Parameters
10.1 Initial working capital 8,000 Mill
10.2 Long-term loans 40,000 Mill
10.3 Interest payment during construction perio 4,000 Mill Grace period: interest adds to Origi
10.4 Interest rate 10% Years refers to a specified period during w
10.5 Repayment period 5 Years
10.6 Expected return on equity 15% Years
10.7 Construction period 1 Years
10.8 Operating phase/stage 5 Years
10.9 Tax 20% Years
10.10 Liquidation values
Fixed assets 5,000 Mill
Land use 37,500 Mill

FINANCIAL ANALYSIS
1. TOTAL INVESTMENT
Year 0
Land use transferation 37,500
Construction development costs 29,819
Machinery and Equipment costs 15,000
Management and consulting costs during c 600
Other costs 796
Interest payment during construction perio 4,000
Initial working capital 8,000
Provision Expenses 9,171 Năm đầu k tính interest payment
Total investment 104,886

1b. INVESTMENT CASH FLOW

 Year 0 Total Assume all construction finished in
Land use transferation 37,500 37,500
Construction development costs 29,819 29,819
Machinery and Equipment costs 15,000 15,000
Management and consulting costs during c 600 600
Other costs 796 796
Interest payment during construction perio - -
Initial working capital 8,000 8,000
Provision Expenses 9,171 9,171
Cash flow 104,886 104,886

2. DEPRECIATION PLAN
2.1 ORIGINAL VALUES
2.1.1 ORIGINAL VALUES OF CONSTRUCTION
Construction 29,819 67%
Allocation of Management and consulting
costs during construction 399 weighted rule, dựa trên chi phí từng phần/tổng chi phí, nào %
Allocation of Other costs 530
Allocation of Interest payment during
construction period 2,661
Allocation of Provision Expenses 6,102
Total Original Value 39,511

2.1.1 ORIGINAL VALUES OF MACHINERY & EQUIPMENTS

Machinery and equipment 15,000 33%
Allocation of Management and consulting
costs during construction 201
Allocation of Other costs 267
Allocation of Interest payment during cons 1,339
Allocation of Provision Expenses 3,070
Total Original Value 19,876

2.2 DEPRECIATION VALUES

DEPRECIATION OF CONSTRUCTION 0 1 2
Value at beginning period - 39,511 31,609
Depreciation - 7,902 6,322
Value at ending period 39,511 31,609 25,287

DEPRECIATION OF MACHINERY & E 0 1 2

Value at beginning period - 19,876 15,900
Depreciation - 3,975 3,180
Value at ending period 19,876 15,900 12,720

TOTAL DEPRECIATION 0 1 2
Value at beginning period - 59,386 47,509
Depreciation - 11,877 9,502
Value at ending period 59,386 47,509 38,007
3. DEBT REPAYMENT SCHEDULE (Equal annual principal payment, decreased interest on balance, interest is grace
Year 0 1 2
Debt at beginning period
Increased Debt in the period
Interest Payment
Debt Payment
Debt and Interest Payment
Debt at ending period

4a. REVENUE PLAN

Year 0 1 2
1. Room Rental Revenue
Standard class
Superior class
Deluxe class
Suite class

2. Restaurant Revenue

3. Other services Revenue

Total Revenue
Revenue Deduction
NET REVENUE

4b. COST PLAN

Year
Cost of goods & services production
Employees
Material (food & beverage)
General Manufacturing costs

Management and sales costs

Management costs
Marketing & Distribution costs
Maintenance and Servicing costs

4c. Earning After Tax

Year
NET REVENUE
Cost of goods & services production
Management and sales costs
Depreciation
EBIT
I
EBT
Loss Carried Forward
Accumulated Loss
Tax
EAT

5. WORKING CAPITAL PLAN

Year
Minimum Cash
Payable
Receivable
Inventory
Working Capital

6. CASH FLOW

I. TIPV
Ia. Direct method
Year 0
Net Revenue
Recievable in DIFFERENCE (-)
Fixed Assets Liquidation
Initial Working Capital Liquidation
Cash inflows
Investing 104,886
Cost of goods & services production
Management and sales costs
Minimum Cash in DIFFERENCE (+)
Payable in DIFFERENCE (-)
Inventory in DIFFERENCE (+)
Cash outflows 104,886
Cash Flow before TAX (104,886)
Tax - -
NET CASH FLOW (104,886) - -

Ib. Indirect Method

Year - 1 2
1. Operating CF
EAT
Depreciation
Interest Payment
Net Working Capital in DIFFERENCE (-)
OCF

2. Investing CF
Investing
Fixed Assets Liquidation
Initial Working Capital Liquidation
Working Capital for Manufactoring
Liquidation
ICF
NET CASH FLOW - - -
104,886 - -
II. NET CASH FLOW (EPV)
- 1 2
NET CASH FLOW (TIPV)
DEBT
REPAYMENT (DEBT+INTEREST)
NET CASH FLOW (EPV)

III. NET CASH FLOW (AEPV)

0 1 2
NET CASH FLOW (TIPV)
INTEREST (I)
TAX (T)
I*T
NET CASH FLOW (AEPV)
of land use, unit price: 25m/m2

has 5 floors
and use area, unit price 2.5 mill/m2
he land use area, Unit price 4 mill/m2 for each floorspace, Note: Total Floorspace = number of
and use area
and use area, unit price 1.2 mill/m2

d ancillary facilities: 20% of land use area, unit price 1.7 mill/m2
-construction works

-construction works
ble expenses incurred

ard Room has square of 40m2

or Room has square of 60m2

e Room has square of 80m2

Room has square of 100m2

dry, tourguide…
unts & promotions

ine depreciation
ine depreciation

riod: interest adds to Original loan value

a specified period during which a certain requirement or payment is extended without penalty
all construction finished in Year 1, so no other column

phần/tổng chi phí, nào % lớn hơn thì allocate nhiều hơn

3 4 5
25,287 20,229 16,184
5,057 4,046 3,237
20,229 16,184 12,947

3 4 5
12,720 10,176 8,141
2,544 2,035 1,628
10,176 8,141 6,513

3 4 5
38,007 30,406 24,325
7,601 6,081 4,865
30,406 24,325 19,460
n balance, interest is graced during construction period)
3 4 5

3 4 5
- - -
- - - -

3 4 5 6
- - - -
- - - -

3 4 5 6

3 4 5 6
11
11
 Tấn/ngày số ngày Đơn giá tỷ giá
Thành phẩ 22 320 2600 21000
384,384,000,000
PHụ phẩm 33 320 300 21000
66,528,000,000