Bus Model

Assumption - Bus Assumption - Funding

Cost 7500000 Equity
Life 4 Years Debt
Maintainence 10% of bus value Interest
Escalation rate 15% p.a. Tenure

Assumption - Operating Revenue Assumption - Operating Cost

Capacity 35 seats Diesel
Load Factor 50% Escalation rate
Ticket price 360 per seat Driver Cost
Escalation rate 10% p.a. Misc. Expenditure
Toll

Profit calculation
Particular Y0 Y1 Y2 Y3
Revenue 7862400 8648640 9513504
Fuel Cost 2476032 2847437 3274552
Driver cost 748800 823680 906048
Misc. Expenditure 374400 411840 453024
Toll Tax 998400 998400 998400
Maintainence 750000 862500 991875
EBITDA 2514768 2704783 2889605
Depreciation 1875000 1875000 1875000
EBIT 639768 829783 1014605
Other Income 13962 45776 83605
Interest Expense 843750 674776 480456
PBT -190020 200783 617754
Tax 0 66258 203859
NP -190020 134525 413895

Debt Schedule
Particular Y0 Y1 Y2 Y3
BOP 5625000 4498507 3203041
Interest 843750 674776 480456
EAI 1970243 1970243 1970243
Princ.Repayment 1126493 1295466 1489786
EOP 5625000 4498507 3203041 1713254

Balance Sheet
Assets Y0 Y1 Y2 Y3
NCA 7500000 5625000 3750000 1875000
Cash in Bank 0 558488 1272546 2071654
Total Asset 7500000 6183487.586976 5022545.651 3946654.0539022
Equity and Liability Y0 Y1 Y2 Y3
Equity 1875000 1875000 1875000 1875000
Debt 5625000 4498507 3203041 1713254
Retained Earnings 0 -190020 -55495 358400
Total E&L 7500000 6183488 5022546 3946654
Checksum 0 0 0 0

Cashflow Statement
Operating Activities Y0 Y1 Y2 Y3
NP 0 -190020 134525 413895
Depreciation 0 1875000 1875000 1875000
Cash from Operations 0 1684980 2009525 2288895

Investing Activities Y0 Y1 Y2 Y3
Capex -7500000 0 0 0
Cash from Investement -7500000 0 0 0

Financing Activities Y0 Y1 Y2 Y3
Equity 1875000 0 0 0
Debt 5625000 -1126493 -1295466 -1489786
Cash from financing activities 7500000 -1126493 -1295466 -1489786

Net Cashflow during the year 0 558488 714058 799108

Opening Cash Balance 0 558488 1272546
Closing Cash Balance 0 558488 1272546 2071654

Free Cashflow from Equity

Particular Y0 Y1 Y2 Y3
CFO 0 1684980 2009525 2288895
CFI -7500000 0 0 0
Debt 5625000 4498507 3203041 1713254
FCFE -1875000 6183488 5212565 4002149
 Bus Model

tion - Funding Assumption - Non Operational

25% 1875000 Interst income 5% of Cash in Bank
75% 5625000 Inflation rate 10% p.a
15% Tax rate 33%
4 years Fuel Efficiency 5 km per liter

tion - Operating Cost Assumption - General

64 per liter Distance 155 km
15% p.a No. of trips 4 per day
600 per trip Working Days 312
300 per trip Hours per trip 3
800 per trip Cost of equity 20%

31 1984 7936
Y4
10464854
3765735
996653
498326
998400
1140656
3065084
1875000
1190084
125355
256988
1058451
349289
709162

Y4
1713254
256988
1970243
1713254
0
 Y4
0
2942562
2942561.795
Y4
1875000
0
1067562
2942562
0

Y4
709162
1875000
2584162

Y4
0
0

Y4
0
-1713254
-1713254

870908
2071654
2942562

Y4
2584162
0
0
2584162
2476032