Penurunan Pendapatan Kenaikan Operasional

Sensitivitas NPV Sensitivitas NPV

100% -Rp 2,321,874,517,128 100% Rp 812,570,503,476
90% -Rp 1,848,021,522,855 90% Rp 972,978,995,689
80% -Rp 1,374,168,528,581 80% Rp 1,133,387,487,902

Net Present Value

70% -Rp 900,315,534,308 70% Rp 1,293,795,980,115
60% -Rp 426,426,540,035 60% Rp 1,454,204,472,327 Kurva
50% Rp 47,390,454,238 50% Rp 1,614,612,964,540 Rp3,000,000,000,000
40% Rp 521,243,338,511 40% Rp 1,775,021,456,753
30% Rp 995,096,442,785 30% Rp 1,935,429,948,966 Rp2,000,000,000,000
20% Rp 1,468,949,437,058 20% Rp 2,095,838,441,179 Rp1,000,000,000,000
10% Rp 1,942,802,431,331 10% Rp 2,256,246,933,391
0% Rp 2,416,655,425,604 0% Rp 2,416,655,425,604 Rp-
0%
-Rp1,000,000,000,000

-Rp2,000,000,000,000

-Rp3,000,000,000,000
Net Present Value

Kurva Analisis Sensitivitas

Rp3,000,000,000,000
Penurunan
Rp2,000,000,000,000 Pendapatan

Rp1,000,000,000,000
Kenaikan
Rp- Operasional
0% 20% 40% 60% 80% 100% 120%
-Rp1,000,000,000,000

-Rp2,000,000,000,000

-Rp3,000,000,000,000
Sensitivitas
 CASH FLOW (dalam Rp)
NO. ITEM
0 2003 2004
1 BIAYA AWAL
- Infrastruktur Rp -
- Equipment Prep. Rp -
- Heavy Equip. Rp -
- Peralatan Pendukung Rp -
- Mobilisasi Rp -
- Manpower Rp -
- Biaya Operasional Awal Rp -
Sub Total Biaya Awal Rp -
2 PENDAPATAN
- Overburden Rp - Rp -
- Coal Removal Rp - Rp -
- Eskalasi Rp - Rp -
Total Pendapatan Rp - Rp -
3 PENGELUARAN
Biaya Tetap
- Infrastruktur Rp - Rp -
- Pembayaran Uang Muka (70%) Terhadap
Rp - Rp -
Peralatan Baru dan Pengganti
- Demobilisasi Rp - Rp -
Sub Total Biaya Tetap Rp - Rp -
Biaya Operational
- Biaya Langsung Rp - Rp -
- Biaya Tak Langsung Rp - Rp -
- Baiya Tak Terduga Rp - Rp -
- Pinjaman Bank #REF! #REF!
Sub Total Biaya Operasional #REF! #REF!
Total Pengeluaran #REF! #REF!

PENDAPATAN SEBELUM PAJAK DAN

#REF! #REF!
DEPRESIASI

- Depresiasi Rp - Rp -
- Pajak (Pph Pasal 23) (15%) #REF! #REF!

PENDAPATAN SETELAH PAJAK DAN

#REF! #REF!
DEPRESIASI

- Depresiasi Rp - Rp -
ALIRAN KAS OPERASIONAL #REF! #REF!
- Terminal Value Rp - Rp -
ALIRAN KAS Rp - #REF! #REF!
MARRInvestasi 15.90%
PRESENT VALUE Rp - #REF! #REF!
#REF!

100% Rp 812,570,503,476 100%

90% Rp 972,978,995,689 90%
80% Rp 1,133,387,487,902 80%
70% Rp 1,293,795,980,115 70%
60% Rp 1,454,204,472,327 60%
50% Rp 1,614,612,964,540 50%
40% Rp 1,775,021,456,753 40%
30% Rp 1,935,429,948,966 30%
20% Rp 2,095,838,441,179 20%
10% Rp 2,256,246,933,391 10%
0% Rp 2,416,655,425,604 0%
CASH FLOW (dalam Rp)
2005 2006 2007

Rp - Rp - Rp -
Rp - Rp - Rp -
Rp - Rp - Rp -
Rp - Rp - Rp -

Rp - Rp - Rp -

Rp - Rp - Rp -

Rp - Rp - Rp -
Rp - Rp - Rp -

Rp - Rp - Rp -
Rp - Rp - Rp -
Rp - Rp - Rp -
#REF! #REF! #REF!
#REF! #REF! #REF!
#REF! #REF! #REF!

#REF! #REF! #REF!

Rp - Rp - Rp -
#REF! #REF! #REF!

#REF! #REF! #REF!

Rp - Rp - Rp -
#REF! #REF! #REF!
Rp - Rp - Rp -
#REF! #REF! #REF!

#REF! #REF! #REF!

-Rp 2,321,874,517,128
-Rp 1,848,021,522,855
-Rp 1,374,168,528,581
-Rp 900,315,534,308
-Rp 426,426,540,035
Rp 47,390,454,238
Rp 521,243,338,511
Rp 995,096,442,785
Rp 1,468,949,437,058
Rp 1,942,802,431,331
Rp 2,416,655,425,604