建设项目财务评价案例PPT课件

1、数据资料新建一个化肥厂，预计此项目寿命期为10年。项目建设期为2年，第3年投产，第4年达到设计生产能力。1）固定投资4，000万元，其中自有资金投资2，000万元，不足部分向银行借款。银行贷款利率i=3%，建设期间只计息不还款，第3年投产后开始还贷，每年付清利息并分6年等额偿还建设期资本化后的全部借款本金。2）流动资金投资约需2400万元，全部用银行贷款，年利率4%。,项目分年投资及贷款情况项目年份012合计固定资产150025004000流动资产投资24002400自有资金50015002000借款需要量1000100024004400销售收入、税金及附加和经营成本预测值年份3410项目销售收入392056005600销售税金及附加117.6168168经营成本245035003500,假设每年特种基金为零假设每年可分配利润扣除“两金”公积金公益金后全部向投资者分配。1）要求：进行全部投资和自由资金投资的赢利能力分析和清偿能力分析（设基准折现率=10%。2）建设期利息计入固定资产原值内，根据平均年限法计算固定资产折旧如下：年折旧额=385.75第10年（项目寿命期末）回收固定资产余值为（4000+60.5）-385.75*8=974.5（万元）,序号项目年份建设期投产期达到设计能力生产期期末123456789101借款1.1年初借款累计010152060.51717.051373.641030.23686.82343.411.1.1本金100020001717.051373.641030.23686.82343.411.1.2建设期利息1560.451.2本年借款1000100024001.2.1长期借款100010001.2.2短期借款24001.3本年应计利息1545.45157.81147.51137.21126.91116.6106.396961.3.1长期借款利息1545.4561.81451.51141.20930.90720.60510.302001.3.2短期借款利息96969696969696962还本付息2.1本年还本343.41343.41343.41343.41343.41343.412.3本年付息157.81147.51137.21126.91116.6106.32.4年末本息余额10152060.51717.051373.641030.23686.82343.413还本资金来源927.671322.91329.1336.71343.61350.51357.41357.424003.1可用于还本的未分配利润541.92937.15944.06950.96957.86964.76971.67971.673.2折旧385.75385.75385.75385.75385.75385.75385.75385.753.3摊销3.4以前节余可用于还本资金3.5其他资金(一)借款还本付息计划表,序号项目年份建设期投产期达到设计能力生产期期末12345678910生产负荷/%701001001001001001001001产品销售收入392056005600560056005600560056002产品销售税金及附加117.61681681681681681683总成本费用2993.64033.340234012.74002.43992.13981.83981.84利润总额808.841398.714091419.31429.61439.91450.31450.35所得税266.92461.58464.98468.38471.78475.18478.58478.586税后利润(4-5)541.92937.15944.06950.96957.86964.76971.67971.677可供分配利润541.92937.15944.06950.96957.86964.76971.67971.677.1盈余公积金(10%)54.19293.71594.40695.09695.78696.47697.16797.167累计盈余公积金54.192147.91242.31337.41433.2529.67626.84724.017.2公益金(5%)27.09646.85847.20347.54847.89348.23848.58348.583累计公益金27.09673.954121.16168.7216.6264.84313.423627.3应付利润460.63796.58802.45808.32814.18820.05825.92825.927.4未分配利润累计未分配利润利息备付率6.125310.48211.26912.18413.26114.54616.10716.107偿债备付率2.16572.99523.05243.1123.17433.239515.1415.14(二)损益与利润分配表,序号项目年份建设期投产期达到设计能力生产期期末123456789101折旧费385.75385.75385.75385.75385.75385.75385.75385.752摊销费3利息支出157.81147.51137.21126.91116.6106.396964经营成本245035003500350035003500350035005总成本费用(1+2+3+4)2993.64033.340234012.74002.43992.13981.83981.8其中:固定成本可变成本(三)总成本费用估算表项目年份123456789101利息支出157.81147.51137.21126.91116.6106.396962利润总额808.841398.714091419.31429.61439.91450.31450.33税息前利润966.651546.31546.31546.31546.31546.31546.31546.34利息备付率6.125310.48211.26912.18413.26114.54616.10716.107(四)利息备付率计算表,序号项目年份建设期投产期达到设计能力生产期期末123456789101可用于还本的未分配利润549.92937.15944.06950.96957.86964.76971.67971.672折旧385.75385.75385.75385.75385.75385.75385.75385.753可用于还本付息金额(1+2)927.671322.91329.81336.71343.61350.51357.41357.44本年还本343.41343.41343.41343.41343.41343.41343.41343.415本年付息157.81147.51137.21126.91116.1106.396966当期应还本付息金额(4+5)501.22490.92480.62470.32460.01449.7196967偿债备付率(3/6)1.852.6952.7672.8422.9213.00314.1414.14(五)偿债备付金计算表,序号项目年份建设期投产期达到设计能力生产期012345678910生产负荷/%701001001001001001001001现金流入39205600560056005600560056008974.51.1产品销售（营业）收入392056005600560056005600560056001.2回收固定资产余值974.51.3回收流动资金24002现金流出1500250024002834.54129.641334136.44139.84143.24146.64146.62.1固定资产投资150025002.2流动资金24002.3经营成本245035003500350035003500350035002.4销售税金及附加117.61681681681681681681682.5所得税266.9461.6465468.4471.8475.2478.6478.62.6特种基金3现金净流量(1-2)-1500-2500-24001085.51470.414671463.61460.21456.81453.44827.94累计净现金流量-1500-4000-6400-5315-3844-2377-913.5546.752003.634578284.95所得税前净现金流量-1500-2500-24001352.41932193219321932193219325306.56所得税前累计净现金流量-1500-4000-6400-5048-3116-1184748.42680.44612.46544.411851(六)全部投资现金流量表,序号项目年份建设期投产期达到设计能力生产期012345678910生产负荷/%701001001001001001001001现金流入392056005600560056005600560056001.1产品销售收入392056005600560056005600560056001.2回收固定资产余值974.51.3回收流动资金24002现金流出50015003335.74620.54613.64606.74599.84592.94242.66642.62.1自有资金50015002.2借款本金偿还343.41343.41343.41343.41343.41343.41343.41343.412.3借款利息支付157.81147.51137.21126.91116.6106.396962.4经营成本245035003500350035003500350035002.5销售税金及附加117.61681681681681681681682.6所得税266.92461.58464.98468.38471.78475.18478.58478.582.7特种基金净现金流量-500-15000584.26979.5986.4993.31000.21007.11357.42331.9(七)自有资金现金流量表,序号项目年份建设期投产期达到设计能力生产期期末123456789101资金来源150025003594.61784.51794.81805.11815.41825.7183618361.1利润总额808.841398.714091419.31429.61439.91450.31450.31.2折旧费385.75385.75385.75385.75385.75385.75385.75385.751.3摊销费1.4长期借款100010001.5流动资金借款24001.6其他短期借款1.7自有资金50015001.8其他1.9回收固定资产余额974.51.10回收流动资金2400.2资金运用1500250034711601.61610.81620.11629.41638.61304.51304.52.1固定资产投资150025002.2建设期利息2.3流动资金24002.4所得税266.92461.58464.98468.38471.78475.18475.58478.582.5特种基金2.6应付利润460.63796.58802.45808.32814.18820.05825.92825.922.7长期借款本金偿还343.41343.41343.41343.41343.41343.41343.41343.412.8流动资金借款本金偿还24002.9其他短期借款本金偿还3盈余资金123.63182.92183.95184.99186.02187.06531.5531.5,序号项目年份建设期投产期达到设计能力生产期期末123456789101资产15154060619859955794559353935195534054861.1流动资产总额2523.62706.52890.53075.53261.53448.63980.14511.61.1.1应收帐款1.1.2流动资产240024002400240024002400240024001.1.3累计盈余资金123.63306.54490.49675.48861.51048.61580.12111.61.2在建工程15154060.51.3固定资产净值3674.732892903.22517.52131.717461360.2974.51.4无形及递延资产净值2负债及所有者权益15154060619859955794559353935195534054862.1流动负债总额240024002400240024002400240024002.1.1应付帐款2.1.2流动资金借款240024002400240024002400240024002.1.3其他短期借款2.2长期借款10152060.517171373.641030.23686.82343.41000负债小计10152060.541173773.63430.23086.82743.42400240024002.3所有者权益50020002081.32221.92363.52506.12649.82794.52940.330862.3.1资本金5002000200020002000200020002000200020002.3.2累计公益金0027.09673.954121.16168.7216.6264.84313.423622.3.3累计盈余公积金0054.192149.91242.31337.41433.2529.67626.84724资产负债率0.670.50740.66420.62940.59210.55190.50870.4620.44940.4375流动比率1.05151.12771.20