Capital Investment MYR 100.

0 Million
MMK 29,990.0 Million

Values In Myanmar Kyat (Million)

Year 0 1 2
Capital Investment and Disposal -29,990.00 0.00 0.00
Cash Flow 5,998.00 7,197.60 8,637.12
Net Earnings -23,992.00 7,197.60 8,637.12

Dividend @ 20% 0.00 1,439.52 1,727.42

Dividend Paid to Parent Company @ 20% Withholding tax 0.00 287.90 345.48

Retained Cash -23,992.00 5,758.08 6,909.70

Cash Withdrawal 0.00 0.00 0.00
Cash Withdrawal @ 20% Withholding Tax 0.00 0.00 0.00

Net Present Value 7,147.16

Internal Rate of Return 24.33%
 3 4 5
0.00 0.00 5,998.00
10,364.54 12,437.45 0.00
10,364.54 12,437.45 5,998.00

2,072.91 2,487.49 0.00

414.58 497.50 0.00

8,291.64 9,949.96 5,998.00

0.00 0.00 36,907.37
0.00 0.00 29,525.90
Values In Malaysia Ringgit (Million)
Foreign Exchange Rate (MMK/MYR) 299.90 309.14 309.14
Year 0 1 2
Capital Investment and Disposal (100.00) 0.00 0.00
Lost of Cash Flow @ MYR 2 Million annually (2.00) (2.00) (2.00)

Dividend from Myanmar Without Withholding Tax 0.00 0.93 1.12

Dividend from Myanmar With Withholding Tax 0.00 0.00 0.00

Cash Withdrawal from Myanmar Without Withholding Tax 0.00 0.00 0.00
Cash Withdrawal from Myanmar With Withholding Tax 0.00 0.00 0.00

Net Cash Flow without Withholding Tax (102.00) (1.07) (0.88)

Net Cash Flow with Withholding Tax (102.00) (2.00) (2.00)

Net Present Value without Withholding Tax (32.71)

Net Present Value with Withholding Tax (48.11)

IRR Without Withholding Tax 2.63%

IRR With Withholding Tax -2.89%
309.14 309.14 309.14
3 4 5
0.00 0.00 0.00
(2.00) (2.00) 0.00

1.34 1.61 0.00

0.00 0.00 0.00

0.00 0.00 119.39

0.00 0.00 95.51

(0.66) (0.39) 119.39

(2.00) (2.00) 95.51