Tabel 1.

Proyeksi Rugi Laba Hand Traktor

No Uraian Tahun
1 2 3 4 5
A. Penerimaan 57,600,000 57,600,000 57,600,000 57,600,000 57,600,000
B. Pengeluaran
- Biaya Tetap 14,970,000 14,970,000 14,970,000 14,970,000 14,970,000
- Biaya Variabel 18,144,000 18,144,000 18,144,000 18,144,000 18,144,000
Total Pengeluaran 33,114,000 33,114,000 33,114,000 33,114,000 33,114,000
C. Laba Operasi 24,486,000 24,486,000 24,486,000 24,486,000 24,486,000
D. Kredit Investasi 15,000,000
E. Bungan Pinjaman 3,000,000
F. Laba Sebelum Pajak 6,486,000 24,486,000 24,486,000 24,486,000 24,486,000
G. Pajak Penghasilan 648,600 2,448,600 2,448,600 2,448,600 2,448,600
H. Laba Bersih 5,837,400 22,037,400 22,037,400 22,037,400 22,037,400
I. Akumulasi Laba 5,837,400 27,874,800 49,912,200 71,949,600 93,987,000

Tabel 2. Arus Kas

No Uraian Tahun
0 1 2 3 4
A. Kas masuk
Jasa operasional 57,600,000 57,600,000 57,600,000 57,600,000
Modal pinjaman 15,000,000
Modal sendiri 1,000,000
Nilai sisa
Total kas masuk 16,000,000 57,600,000 57,600,000 57,600,000 57,600,000

B Kas keluar
Investasi 15,000,000
Biaya operasional 33,114,000 33,114,000 33,114,000 33,114,000
Kredit investasi 16,000,000
Bunga pinjaman 3,200,000
Total kas keluar 15,000,000 52,314,000 33,114,000 33,114,000 33,114,000

Aliran Kas bersih 1,000,000 5,286,000 24,486,000 24,486,000 24,486,000

Kas awal tahun 5,286,000 6,286,000 30,772,000 55,258,000
Kas akhir tahun 1,000,000 6,286,000 30,772,000 55,258,000 79,744,000
 5

57,600,000

1,500,000
59,100,000

33,114,000

33,114,000

25,986,000
79,744,000
105,730,000
Lampiran 12. Analisis Kelayakan Investasi (NPV dan B/C Ratio)

Tahun Benefit Cost Net Benefit DF 20 % NPV PV Benefit PV Cost

1 57,600,000 52,314,000 5,286,000 0.8333 4,404,824 47,998,080 43,593,256
2 57,600,000 33,114,000 24,486,000 0.6945 17,005,527 40,003,200 22,997,673
3 57,600,000 33,114,000 24,486,000 0.5787 14,170,048 33,333,120 19,163,072
4 57,600,000 33,114,000 24,486,000 0.4823 11,809,598 27,780,480 15,970,882
5 59,100,000 33,114,000 25,986,000 0.4019 10,443,773 23,752,290 13,308,517
289,500,000 184,770,000 104,730,000 57,833,770 172,867,170 115,033,400

B/C ratio = 1.50

NPV = 57,833,770