Cng ty Thnh Pht d kin xy dng mi nh my sn xut gch ng cc loi vi cc thng tin nh sau:

Cng sut thit k (triu vin)

10

Vn u t d kin (t ng)

5

Lao ng (ngi)

35

Thi k phn tch d n(nm)

5

My mc thit b:

Hng mc

Gi tr (Tr)

L nung

450

Dy chuyn p gch

170

My nng chuyn

30

Trang b in

100

Lp t

50

Vn hnh th

70

Xy dng nh xng:

Hng mc

Gi tr Tr)

Sn phi

200

Nh xng

600

Kho gch mc

200

Kho thnh phm

200

u t mua t (Tr)

2000

Nguyn vt liu sn xut (Tr):

Hng mc

Nm 1

Nm 2

Nm 3

Nm 4

Nm 5-10

t + ph gia

120

135

150

170

180

Than

150

175

200

220

230

in

120

135

150

170

180

Chi ph qun l - vn hnh

Lng gin tip

130

160

180

200

220

Lng trc tip

220

240

250

260

270

Bn hng

30

30

20

20

20

Bo tr-sa cha

10

10

20

20

20

Bo him-tin ch khc...

20

20

20

20

20

Vn ch u t: 3 t

Tin vay: 2 t, tr trong 5 nm (t 2021-2025)

Li vay 6%/nm

Cc d liu khc

- Ti sn c nh khu hao trong 05 nm, gi tr cn li = 20% gi tr ban u c thanh l vo nm th 5.

- Min thu thu nhp 3 nm u tin, gim 50% thu 2 nm tip theo, thu sut 25%

- D bo mc tng gi t hng nm l 20%/nm

- Li sut chit khu (r): xc nh t d bo da trn li sut tin gi tit kim trong nhng nm qua ca cc ngn hng nh: Vietcombank, Agribank,....

Doanh s tham chiu trong 5 nm qua i sn phm gch (Tr)

Nm

2015

2016

2017

2018

2019

Doanh thu

1.450

1.650

1.900

2.100

2.300

Nm 0 ca d n: nm xy dng nh xng, nm 2020.

Cu hi:

1. Xc nh vn c nh v vn lu ng ca d n?

2. Xc nh vn u t ban u v vn vn hnh hot ng trong 5 nm (2021-2025)?

3. D bo doanh thu (s dng hm d bo) v hch ton li - l trong 5 nm (2021-2025)?

4. Xc nh ngn lu rng ca d n (t nm 0)?

5. C nn u t vo d n (DPP, ARR, NPV, IRR) hay mang 3 t u t ti chnh vi mc sinh li 15%/nm vo cc cng ty khc s sinh li tt hn?

6. nh gi tnh ri ro ca d n?

Ghi ch: S dng cng thc, bng tnh ton cho cc yu cu trn v kt lun v tnh kh thi v ti chnh ca dn. Nu da vo kt qu tnh ton: d n khng kh thi th cn thay i yu t no d n kh thi v mt ti chnh.