Professional Documents
Culture Documents
(1)
I
1
2
3
4
II
1
2
STT
(1)
1
2
3
STT
(1)
1
1.1
1.2
2
3
4
5
6
7
8
9
BT1-09
BI TP 1
Bng 1: Nhu cu vn v ngun vn
VT: Triu ng
Khon mc
Tin
Ghi ch
(2)
(3)
(4)
Nhu cu vn
7,800.00 u t nm 0
t ai
2,000.00
Nh xng
3,000.00
My mc thit b
2,800.00
Ti sn c nh khc
Ngun vn
7,800.00
Vn ch s hu
5,460.00
70%
Vn vay
2,340.00
30%
Bng 2: Sn lng v gi bn
Khon mc
Nm 1
Nm 2
(2)
(3)
(4)
Sn lng (VSP)
2,100.00
2,400.00
Gi bn (Triu ng/VSP)
4.00
4.00
nh ph
1,951.20
1,845.90
Nm 3
(5)
2,700.00
4.00
1,740.60
Bng 3: Cc thng s ca d n
VT: %
Khon mc
T l (%)
Ghi ch
(2)
(3)
(4)
T l khu hao
Nh xng
20
My mc thit b
15
Li sut
12
S k tr n gc u (nm)
4
T l chi ph hot ng
60 Doanh thu
T l chi ph mua hng
65 Chi ph hot ng
T l khon phi thu
12 Doanh thu
T l khan phi tr
15 Chi ph mua hng
T l tn qu tin mt
10 Chi ph mua hng
Thu sut thu thu nhp doanh nghip
25
Ghi ch: D n thanh l nm th 5.
Yu cu:
1. Lp bng khu hao
2. K hoch tr n gc v li
3. Lp bng hch tan l li
4. Tnh cc khon phi thu
5. Tnh cc khon phi tr
6. Tnh nhu cu tin mt
7. Tnh ngn lu ca d n theo quan im tng vn u t
8. Tnh ngn lu ca d n theo quan im tng vn ch s hu
9. Tnh im ha vn hng nm ca d n.
10. Tnh thi gian hon vn c chit khu, NPV v BCR theo quan im tng vn u t
Cho bit li sut chit khu ca d n r =
12%
11 Tnh IRR theo quan im tng vn u t:
Cho bit r1 (%) =
27
r2 (%)BT1-09
=
30
Gii
Bng 1: K hoch khu hao
STT
(1)
I
1
2
3
4
II
1
2
3
4
III
1
2
3
4
KHON MC
(2)
Nh xng
Nguyn gi
Khu hao
Khu hao ly k
Gi tr cn li
My mc thit b
Nguyn gi
Khu hao
Khu hao ly k
Gi tr cn li
Tng ti sn c nh (tnh KH)
Nguyn gi
Khu hao
Khu hao ly k
Gi tr cn li
VT: Triu ng
Nm 0
Nm 1
(3)
(4)
Nm 2
(5)
3,000.00
600.00
600.00
2,400.00
600.00
1,200.00
1,800.00
420.00
420.00
2,380.00
420.00
840.00
1,960.00
1,020.00
1,020.00
4,780.00
1,020.00
2,040.00
3,760.00
VT: Triu ng
Nm 0
Nm 1
(3)
(4)
2,340.00
865.80
280.80
585.00
2,340.00
1,755.00
Nm 2
(5)
1,755.00
795.60
210.60
585.00
1,170.00
VT: Triu ng
Nm 1
Nm 2
(3)
(4)
8,400.00
9,600.00
2,100.00
2,400.00
4.00
4.00
5,040.00
5,760.00
1,020.00
1,020.00
Nm 3
(5)
10,800.00
2,700.00
4.00
6,480.00
1,020.00
2,800.00
5,800.00
KHON MC
(2)
D n u k
Tr n gc v li
Li pht sinh trong k
N gc n hn phi tr
D n cui k
Bng 3: Hch tan li l ca d n
STT
(1)
1
1.1
1.2
2
3
4
5
KHON MC
(2)
Doanh thu
Sn lng (VSP)
Gi bn (Triu ng/VSP)
Chi ph hot ng
Khu hao TSC
Li nhun trc thu v
li vay phi tr (EBIT)
Li vay
2,340.00
280.80
2,820.00
210.60
3,300.00
140.40
6
7
8
9
BT1-09
2,059.20
514.80
1,544.40
2,564.40
2,609.40
652.35
1,957.05
2,977.05
3,159.60
789.90
2,369.70
3,389.70
VT: Triu ng
Nm 1
Nm 2
(3)
(4)
8,400.00
9,600.00
-1,008.00
-1,152.00
-1,008.00
-144.00
7,392.00
9,456.00
Nm 3
(5)
10,800.00
-1,296.00
-144.00
10,656.00
VT: Triu ng
Nm 1
Nm 2
(3)
(4)
3,276.00
3,744.00
-491.40
-561.60
-491.40
-70.20
2,784.60
3,673.80
Nm 3
(5)
4,212.00
-631.80
-70.20
4,141.80
VT: Triu ng
Nm 1
Nm 2
(3)
(4)
327.60
374.40
327.60
46.80
-327.60
-46.80
Nm 3
(5)
421.20
46.80
-46.80
Nm 2
(5)
9,600.00
-144.00
9,456.00
4
5
6
7
8
III
STT
(1)
1
1.1
1.2
2
3
4
7
8
9
Chi ph hot ng
Chnh lch khon phi tr
Chnh lch tn qu tin mt
Thu thu nhp doanh nghip
Tng ngn lu ra (AEPV)
CF-TIP
BT1-09
7,800.00
-7,800.00
5,040.00
-491.40
327.60
514.80
5,391.00
2,001.00
5,760.00
-70.20
46.80
652.35
6,388.95
3,067.05
Ch tiu
(2)
Nm 1
(3)
VT: Triu ng
Nm 2
Nm 3
(4)
(5)
1
1.1
1.2.
2
3
4
5
6
7
8
Tng chi ph
nh ph (FC)
Bin ph (VC)
Doanh thu
Doanh thu - Bin ph
Khu hao (KH)
N gc di hn (Ng)
Thu thu nhp DN (Ttn)
nh ph - Khu hao
nh ph - Khu hao + Ng + Ttn
BT1-09
6,340.80
1,951.20
4,389.60
8400.00
4,010.40
1,020.00
585.00
514.80
931.20
2,031.00
6,990.60
1,845.90
5,144.70
9600.00
4,455.30
1,020.00
585.00
652.35
825.90
2,063.25
7,640.40
1,740.60
5,899.80
10800.00
4,900.20
1,020.00
585.00
789.90
720.60
2,095.50
Nm 1
(3)
0.487
0.232
0.506
Nm 2
(4)
0.414
0.185
0.463
Nm 3
(5)
0.355
0.147
0.428
Bng 11: im ha vn
STT
Ch tiu
(1)
(2)
1 HVlt = FC/(D-VC)
2 HVlt = (FC-KH)/(D-VC)
3 HVlt = (FC-KH+Ng+Ttn)/(D-VC)
Vn u t
(2)
TNR (Bi)
(3)
7,800.000
7,800.000
2,564.400
2,977.050
3,389.700
3,802.350
3,720.000
16,453.500
NPV =
BCR =
Thi gian hon vn c chit khu =
Thi gian hon vn c chit khu =
1/(1+r)i
(4)
1.000
0.893
0.797
0.712
0.636
0.567
PV
(5)
2,289.643
2,373.286
2,412.722
2,416.462
2,110.828
11,602.940
3,802.940
1.488
3 nm
3.60
3 nm
3 thng
Vn u t
(2)
TNR
(3)
7,800.000
2,564.400
2,977.050
3,389.700
3,802.350
3,720.000
1/(1+r1)i
(4)
1.000
0.787
0.620
0.488
0.384
0.303
PV1
(5)
2,019.213
1,845.775
1,654.817
1,461.629
1,125.964
Tng
BT1-0916,453.500
7,800.000
r1 (%) =
r2 (%) =
NPV1 =
NPV2 =
IRR (%) =
27
30
307.398
-189.727
28.855
8,107.398
BT1-09
Nm 4
(6)
3,000.00
4.00
1,635.30
im tng vn u t
BT1-09
Nm 3
(6)
Nm 4
(7)
Nm 5
(8)
600.00
1,800.00
1,200.00
600.00
2,400.00
600.00
0.00
2,400.00
600.00
420.00
1,260.00
1,540.00
420.00
1,680.00
1,120.00
0.00
1,680.00
1,120.00
1,020.00
3,060.00
2,740.00
1,020.00
4,080.00
1,720.00
0.00
4,080.00
1,720.00
Nm 3
(6)
1,170.00
725.40
140.40
585.00
585.00
Nm 4
(7)
585.00
655.20
70.20
585.00
0.00
Nm 4
(6)
12,000.00
3,000.00
4.00
7,200.00
1,020.00
3,780.00
70.20
BT1-09
3,709.80
927.45
2,782.35
3,802.35
3,720.00
Nm 4
(6)
12,000.00
-1,440.00
-144.00
11,856.00
Nm 5
(7)
Nm 4
(6)
4,680.00
-702.00
-70.20
4,609.80
Nm 5
(7)
Nm 4
(6)
468.00
46.80
-46.80
Nm 5
(7)
Nm 3
(6)
Nm 4
(7)
0.00
0.00
1,440.00
1,440.00
0.00
0.00
702.00
702.00
0.00
-468.00
468.00
10,800.00
-144.00
12,000.00
-144.00
10,656.00
11,856.00
Nm 5
(8)
0.00
1,440.00
2,000.00
1,720.00
5,160.00
6,480.00
-70.20
46.80
789.90
7,246.50
3,409.50
7,200.00
-70.20
46.80
927.45
8,104.05
3,751.95
BT1-09
0.00
702.00
-468.00
0.00
234.00
4,926.00
Nm 4
(6)
12,000.00
3,000.00
4.00
7,200.00
1,020.00
3,780.00
945.00
2,835.00
3,855.00
Nm 3
(6)
Nm 4
(7)
10,800.00
-144.00
12,000.00
-144.00
10,656.00
11,856.00
6,480.00
-70.20
46.80
825.00
7,281.60
3,374.40
7,200.00
-70.20
46.80
945.00
8,121.60
3,734.40
Nm 4
(6)
Nm 5
(8)
0.00
1,440.00
2,000.00
1,720.00
5,160.00
0.00
702.00
-468.00
0.00 Tnh theo EBIT
234.00
4,926.00
BT1-09
8,290.20
1,635.30
6,654.90
12000.00
5,345.10
1,020.00
585.00
927.45
615.30
2,127.75
Nm 4
(6)
0.306
0.115
0.398
VT: Triu ng
LK PV
TPC - LK PV
(6)
(7)
2,289.643
4,662.929
7,075.650
9,492.113
11,602.940
5,510.357
3,137.071
724.350
-1,692.113
thng
18 ngy
VT: Triu ng
1/(1+r2)i
PV2
(6)
(7)
1.000
0.769
1,972.615
0.592
1,761.568
0.455
1,542.877
0.350
1,331.308
0.269
1,001.904
7,610.273
BT1-09