Year-1

Year-2

Year-3

Year-4

Year-5

Revenue

Estate Output (FFB ton)

41114.47

40149.33

39259.81

38543.46

37781.16

Unit Price FFB (IDR.000/ton)

1528.45

1598.77

1672.33

1749.27

1829.75

Total Revenue

62841.569

64189.730

65655.377

67422.950

69130.105

Expenses

Harvesting & Transportation Cost

10327.723

10555.193

10802.244

11099.272

11386.678

Upkeeping Cost

9055.666

9255.119

9471.741

9732.184

9984.191

Overhead Cost

7190.576

7348.949

7520.956

7727.759

7927.863

Total Operating Expenses

26573.964

27159.261

27794.941

28559.216

29298.732

Net Operating Income

36267.605

37030.469

37860.435

38863.734

39831.373

Discount Rate

12.78%

12.78%

12.78%

12.78%

12.78%

Discount Factor

0.887

0.786

0.697

0.618

0.548

Present Value

32158.843

29115.369

26395.520

24025.403

21833.983

Gross Value of Plantation (IDR.000)

185940.000

Land

45200.000

Builidngs

16000.000

M&E

3000.000

Inventories

600.000

Fair Value Biological Assets

(IDR.000)

121140.000