Tahun 0 1 2 3 4 5

Prod Oil, MMBO 0 3 5 7 9 11

Investasi MM, USD 250 150

Kapital 60%
Non-Kapital 40%
Harga Minyak 45.00 USD/BBL
Operating Cost 12.00 USD/BBL
Pajak 40%
Eskalasi Investasi & Opex 2.5%
Discount Rate 10.0%

Tahun 0 1 2 3 4 5
Prod Oil, MMBO 0 3 5 7 9 11
Investasi MM, USD 250 150
Faktor Eskalasi 1.0000 1.0250 1.0506 1.0769 1.1038 1.1314
Investasi * FE ($MM) 250.00 153.75
Op Cost * FE ($MM) 12.30 12.61 12.92 13.25 13.58
Gross Rev ($MM) 0.00 135.00 225.00 315.00 405.00 495.00
Non Capital ($MM) 100.00 61.50
Capital ($MM) 150.00 92.25

Straight Line Method

Tahun 0 1 2 3 4 5
Income ($MM) 0.00 135.00 225.00 315.00 405.00 495.00
Depresiasi ($MM) 30.00 48.45 48.45 48.45 48.45
Non Capital ($MM) 100.00 61.50
Opex ($MM) 12.30 12.61 12.92 13.25 13.58
Profit ($MM) -100.00 31.20 163.94 253.63 343.30 432.97
Taxable income ($MM) 0.00 12.48 65.58 101.45 137.32 173.19
NCF ($MM) -100.00 18.72 98.37 152.18 205.98 259.78
Cum NCF -100.00 -81.28 17.09 169.26 375.24 635.03
Discount Rate 10% 1.00 1.10 1.21 1.33 1.46 1.61
NPV NCF -100.00 -73.89 14.12 127.17 256.30 394.30
NPV Investasi 250.00 139.77

Declining Balance
Tahun 0 1 2 3 4 5
Income ($MM) 0.00 135.00 225.00 315.00 405.00 495.00
Depresiasi ($MM) 24.00 31.01 24.81 19.85 15.88
Non Capital ($MM) 100.00 61.50
Opex ($MM) 12.30 12.61 12.92 13.25 13.58
Profit ($MM) -100.00 37.20 181.38 277.27 371.91 465.55
Taxable income ($MM) 0.00 14.88 72.55 110.91 148.76 186.22
NCF ($MM) -100.00 22.32 108.83 166.36 223.15 279.33
Cum NCF -100.00 -77.68 31.15 197.51 420.66 699.99
Discount Rate 10% 1.00 1.10 1.21 1.33 1.46 1.61
NPV NCF -100.00 -70.62 25.74 148.39 287.32 434.64
NPV Investasi 250.00 139.77

Double Declining Balance

Tahun 0 1 2 3 4 5
Income ($MM) 0.00 135.00 225.00 315.00 405.00 495.00
Depresiasi ($MM) 36.00 34.88 20.93 12.56 7.53
Non Capital ($MM) 100.00 61.50
Opex ($MM) 12.30 12.61 12.92 13.25 13.58
Profit ($MM) -100.00 25.20 177.51 281.15 379.20 473.89
Taxable income ($MM) 0.00 10.08 71.00 112.46 151.68 189.56
NCF ($MM) -100.00 15.12 106.51 168.69 227.52 284.33
Cum NCF -100.00 -84.88 21.63 190.31 417.83 702.16
Discount Rate 10% 1.00 1.10 1.21 1.33 1.46 1.61
NPV NCF -100.00 -77.16 17.87 142.99 285.38 435.99
NPV Investasi 250.00 139.77
 6 7 8 9
10 9 6 4

6 7 8 9
10 9 6 4

1.1597 1.1887 1.2184 1.2489

13.92 14.26 14.62 14.99

450.00 405.00 247.50 157.50

6 7 8 9
450.00 405.00 247.50 157.50
18.45

13.92 14.26 14.62 14.99

417.63 390.74 232.88 142.51
167.05 156.29 93.15 57.01 NPV NCF 2850.89 376.34
250.58 234.44 139.73 85.51 NPC Investasi 389.77
885.61 1120.05 1259.78 1345.29 POT 0.83 1.83 tahun
1.77 1.95 2.14 2.36 IRR 0.87
499.90 574.76 587.70 570.53 PIR 7.31
DPR 0.97

6 7 8 9
450.00 405.00 247.50 157.50
4.84 121.88

13.92 14.26 14.62 14.99

431.25 268.86 232.88 142.51
172.50 107.54 93.15 57.01 NPV NCF 2999.64 247.02
258.75 161.31 139.73 85.51 NPC Investasi 389.77
958.74 1120.05 1259.78 1345.29 POT 0.71 1.71 tahun
1.77 1.95 2.14 2.36 IRR 0.92
541.18 574.76 587.70 570.53 PIR 7.70
DPR 0.63

6 7 8 9
450.00 405.00 247.50 157.50
1.72 128.62

13.92 14.26 14.62 14.99

434.36 262.11 232.88 142.51
173.74 104.85 93.15 57.01 NPV NCF 2981.52 308.95
260.62 157.27 139.73 85.51 NPC Investasi 389.77
962.78 1120.05 1259.78 1345.29 POT 0.80 1.80 tahun
1.77 1.95 2.14 2.36 IRR 0.90
543.46 574.76 587.70 570.53 PIR 7.65
DPR 0.79
Straight Line Method
Tahun ke 0 1 2 3 4 5
Capital 150.00 92.25
Angsuran 1 30.00 30.00 30.00 30.00 30.00
Angsuran 2 18.45 18.45 18.45 18.45
Total 0.00 30.00 48.45 48.45 48.45 48.45

Declining Balance
Tahun ke 0 1 2 3 4 5
Capital 150.00 92.25
Angsuran 1 24.00 19.20 15.36 12.29 9.83
Angsuran 2 11.81 9.45 7.56 6.05
Total 0.00 24.00 31.01 24.81 19.85 15.88

Double Declining Balance

Tahun ke 0 1 2 3 4 5
Capital 150.00 92.25
Angsuran 1 36.00 21.60 12.96 7.78 4.67
Angsuran 2 13.28 7.97 4.78 2.87
Total 0.00 36.00 34.88 20.93 12.56 7.53
 6 7 8 9

18.45
18.45 242.25

6 7 8 9

4.84
4.84 121.88 120.37

6 7 8 9

1.72
1.72 128.62 113.63
 Depresiasi vs Tahun
140.00

120.00

100.00

80.00
Straight L M
Depresiasi

Declining B
Double D B
60.00

40.00

20.00

0.00
0 1 2 3 4 5 6 7 8 9 10

Tahun
 NCF vs Tahun
350.00

300.00

250.00

200.00

150.00

Straight L M
100.00 Declining B
NCF

Double D B

50.00

0.00

-50.00

-100.00

-150.00
0 1 2 3 4 5 6 7 8 9 10

Tahun