Year 1 Year 2

Income
Sales
Naphtha ### ###
HFO ### ###
Gas Oil ### ###
Bituminous $ 7,257,600.00 $ 7,257,600.00
Added Value $ 2,880,000.00 $ 2,880,000.00
Total Income ### ###

Cost of Good Sold

Cost of The Residue ### ###
Cost of Production $ 1,051,200.00 $ 1,051,200.00
Total Cost of Good Sold ### ###

Other Costs
Workers Salary $ 128,308.00 $ 128,308.00
Running Cost, Inspection and
Maintenance, Management Costs and $ 645,000.00 $ 645,000.00
Services
Administration Cost, Including
Transportation and Accomodation $ 14,769.00 $ 14,769.00
Site cost $ 61,538.00 $ 61,538.00
Fuel Treatment In and Out $ 115,385.00 $ 115,385.00
Sampling, Lab and Testing Cost $ 11,792.00 $ 11,792.00
Sub Total $ 976,792.00 $ 976,792.00
Miscellanous (5% of Sub Total) $ 48,839.60 $ 48,839.60
Total Other Costs ### ###

Depreciation Cost ### ###

EBIT (Earning Before Interest and Ta ### ###

Tax (25%) $ 1,676,392.10 $ 1,676,392.10

EAIT (Earning After Interest and Tax ### ###

Year 3 Year 4 Year 5

### ### ###

### ### ###
### ### ###
$ 7,257,600.00 $ 7,257,600.00 $ 7,257,600.00
$ 2,880,000.00 $ 2,880,000.00 $ 2,880,000.00 Income
### ### ### COGS
Gross Profit
Sales Expenses
### ### ### General & Adm Exp
$ 1,051,200.00 $ 1,051,200.00 $ 1,051,200.00 Operating Profit
### ### ### Interest
Other Income/ Ex
Depreciation Cost
$ 128,308.00 $ 128,308.00 $ 128,308.00 EBIT

$ 645,000.00 $ 645,000.00 $ 645,000.00 Tax

$ 14,769.00 $ 14,769.00 $ 14,769.00 EAIT

$ 61,538.00 $ 61,538.00 $ 61,538.00
$ 115,385.00 $ 115,385.00 $ 115,385.00
$ 11,792.00 $ 11,792.00 $ 11,792.00
$ 976,792.00 $ 976,792.00 $ 976,792.00
$ 48,839.60 $ 48,839.60 $ 48,839.60
### ### ###

### ### ###

### ### ###

$ 1,676,392.10 $ 1,676,392.10 $ 1,676,392.10

### ### ###

 ###
###
###
976,792.0
-
### Profit from core business
-
48,839.6
###
###

###

### Profit
Bagus
 Year 0 Year 1
Cash Inflow
Investment ###
Sales ###
Total Cash Inflow ### ###

Cash Outflow
Residue Refinery ###
Infrastructure and Repair Cost ###
Phase One $ 76,769.23
Phase Two $ 132,307.69
Cost of Good Sold ###
Workers Salary $ 128,308.00
Running Cost, Inspection and
Maintenance, Management
Costs and Services $ 645,000.00
Administration Cost, Including
Transportation and $ 14,769.00
Accomodation
Site cost $ 61,538.00
Fuel Treatment In and Out $ 115,385.00
Sampling, Lab and Testing Cost $ 11,792.00
Miscellanous (5% of Sub Total) $ 48,839.60
Tax (25%) $ 1,676,392.10
Total Cash Outflow ### ###
Net Inflow (Deficit) $ - ###
Initial Balance $ - $ -
Ending Balance $ - ###
 Year 2 Year 3 Year 4 Year 5

### ### ### ###

### ### ### ###

### ### ### ###

$ 128,308.00 $ 128,308.00 $ 128,308.00 $ 128,308.00

$ 645,000.00 $ 645,000.00 $ 645,000.00 $ 645,000.00

$ 14,769.00 $ 14,769.00 $ 14,769.00 $ 14,769.00

$ 61,538.00 $ 61,538.00 $ 61,538.00 $ 61,538.00
$ 115,385.00 $ 115,385.00 $ 115,385.00 $ 115,385.00
$ 11,792.00 $ 11,792.00 $ 11,792.00 $ 11,792.00
$ 48,839.60 $ 48,839.60 $ 48,839.60 $ 48,839.60
$ 1,676,392.10 $ 1,676,392.10 $ 1,676,392.10 $ 1,676,392.10
### ### ### ###
### ### ### ###
### ### ### ###
### ### ### ###
 FEASIBILITY ASPECT

Year 2017 2018 2019

Period 0 1 2
cash out $ 39,509,076.92
cash in $ 10,229,176.30 $ 10,229,176.30
net cash $ (39,509,076.92) $ 10,229,176.30 $ 10,229,176.30
p/f factor 1.000 0.939 0.882
NPV $ (39,509,076.92) $ 9,604,860.38 $ 9,018,648.24
Cumulative NPV $ (39,509,076.92) $ (29,904,216.55) $ (20,885,568.31)

Interest Rate
NPV
IRR
PBP
ASPECT

2020 2021 2022

3 4 5

$ 10,229,176.30 $ 10,229,176.30 $ 10,229,176.30

$ 10,229,176.30 $ 10,229,176.30 $ 10,229,176.30
0.828 0.777 0.730
$ 8,468,214.31 $ 7,951,374.94 $ 7,466,079.75
$ (12,417,354.00) $ (4,465,979.06) $ 3,000,100.70

6.5%
$ 3,000,100.70
2.60%
4.598