建设项目财务评价案例

建设项目财务评价案例第一页，共14页。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34…10项目销售收入39205600…5600销售税金及附加117.6168…168经营成本24503500…3500第二页，共14页。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）第三页，共14页。

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第四页，共14页。

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39205600560056005600560056005600

2产品销售税金及附加

117.6168168168168168168

3总成本费用

2993.64033.340234012.74002.43992.13981.8

3981.8

4利润总额808.841398.714091419.31429.61439.91450.31450.35

所得税

266.92461.58464.98468.38471.78475.18478.58478.58

6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%)54.19293.71594.40695.096

95.78696.47697.16797.167

累计盈余公积金

54.192147.91242.31337.41433.2529.67626.84724.017.2公益金(5%)

27.096

46.858

47.20347.54847.89348.23848.58348.583

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6.125310.48211.269

12.184

13.26114.54616.10716.107偿债备付率2.16572.99523.05243.1123.17433.239515.1415.14

(二)损益与利润分配表第五页，共14页。

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157.81

147.51137.21126.91116.6106.39696

4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12345678910

1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

第六页，共14页。

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

549.92937.15944.06950.96957.86

964.76971.67971.672

折旧385.75385.75385.75385.75385.75385.75385.75385.75

3可用于还本付息金额(1+2)927.671322.91329.81336.71343.61350.51357.41357.4

4本年还本

343.41343.41343.41343.41343.41343.41343.41343.41

5本年付息157.81147.51137.21126.91116.1106.39696

6当期应还本付息金额(4+5)501.22490.92480.62470.32460.01449.719696

7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

第七页，共14页。

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

39205600560056005600560056008974.5

1.1产品销售（营业）收入

39205600560056005600560056005600

1.2回收固定资产余值974.5

1.3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15002500

2.2流动资金24002.3经营成本245035003500350035003500350035002.4销售税金及附加117.6168168168168168168168

2.5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

-24001085.51470.414671463.61460.21456.81453.44827.9

4累计净现金流量

-1500-4000-6400-5315-3844-2377-913.5546.752003.634578284.9

5

所得税前净现金流量-1500-2500-24001352.41932193219321932193219325306.5

6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

第八页，共14页。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50015003335.74620.54613.64606.7

4599.84592.94242.66642.62.1自有资金

5001500

2.2借款本金偿还

343.41343.41343.41343.41343.41343.41343.41343.41

2.3

借款利息支付157.81147.51

137.21126.91116.6106.39696

2.4经营成本

245035003500350035003500350035002.5销售税金及附加117.6168168168168168168168

2.6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

第九页，共14页。

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

第十页，共14页。

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15154060.5

1.3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