Bill of Sale Boat Form

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Bill of Sale Boat Form Powered By Docstoc
					                Developed by Bill Johnston (QDPI&F)
 Contributions by Ben Ponia, Cathy Hair, Satya Nadlal, Tim Pickering,
Masahiro Ito, Jone Vavasa, Glen Alo, Antoine Teitelbaum and Georges
Physical Description

Site Dimensions
       Length of licenced site
       Width of licenced site
       Depth of site
       Area of site

Farm Longlines
       Length of long lines
       Depth below the surface
       Distance between longlines
       Distance between sponges
       Number of sponges per longline
       Number of longlines per row
       Distance between rows
       Number of rows
       Total longlines
       Number of anchors needed per longline
       Average anchor line length
       Combined length for anchoring per longline
       Total length of anchor lines
       Total length of longlines
500     metres
 50     metres
 20     metres
2.50    hectares



 50     metres
 5      metres
 10     metres
 30     centimetres
167     (density per longline)
 6
 10     metres
 8
 48
 2
 15     metres
 30     metres
1,440   metres
2,400   metres
Production Parameters


Targets
     Farm productive capacity
     Production period
     Death rate
     Sponges remaining at harvest

Wild Broodstock Collection (Contract)
     Number of pieces expected per broodstock sponge
     Size of cutting
     Death rate of cut pieces
     Number of broodstock collected
     Purchase price of broodstock (once only)
     Cost of broodstock

Farm Broodstock Collection
     Number of pieces expected per broodstock sponge
     Death rate of cut pieces
     Number of broodstock available from rejects at harvest
     Number of broodstock collected on farm from harvested sponges
8,000   sponges
 24     months
5.00%
7,600   sponges



 40
4.00    cubic cm
2.00%
 196
$0.00
 $0



  4
2.00%
1,672
 190
Production Summary

                                                                                  Harvest by Year
                     8,000     Year Total Production Broodstock        Saleable
                                0           0            0                 0
                     7,000      1           0            0                 0
                                2           0            0                 0
                     6,000      3         7,600         190              5,738
 Sponges Harvested




                                4           0            0                 0
                     5,000      5         7,600         190              5,738
                                6           0            0                 0
                     4,000      7         7,600         190              5,738
                                8           0            0                 0
                     3,000      9         7,600         190              5,738
                                10          0            0                 0
                     2,000      11        7,600         190              5,738
                                12          0            0                 0
                     1,000      13        7,600         190              5,738
                                14          0            0                 0
                        0       15        7,600         190              5,738
                             0  161     2 0 3       4    05     6       7 0 8         9
                                17        7,600         190              5,738
                                18          0            0                 0
                                19        7,600         190              5,738
                                                               Total Production
                                20          0            0                 0
Harvest by Year




    9    10       11   12   13   14     15   16   17   18   19   20
        Years

         Broodstock          Saleable
Marketing


Price Determinants

     Percent of sponges that are saleable            78%
     Percent of sponges utilised for broodstock      22%
     Sponges available for sale per crop             5,928
     Sponges available for broodstock per crop       1,672

Average Prices
                 Size of Sponge                %     Price
                      Small                   20%    $2.00
                      Large                   80%    $3.50

Revenue
     Total revenue per crop                         $18,590
     Marketing cost as a % of sales                   5%
     Total revenue per crop                          $929
 $1,991   (less additional broodstock requirement)
$16,598
    Pearl Revenue

7




6




5




4




3




2




1




0
             1
Rounds   Drops   Others
Pearl Revenue




         1
#REF!   #REF!   Mabe
Farm Labour


Casual Labour
      Number of hours per year       350
      Hourly rate                   $1.50
      Annual cost                   $525

Permanent Farm Staff
      Number of permanent staff       0
      Weekly wage                    $0
      Total permanent labour cost    $0

Manager or Owner
      Drawings                      $1,000   per annum

Total Labour Cost                   $1,525
per annum
Additional Operating Expenses - Annual
Fuel and oil                                        $100
Repairs and maintenance                             $500
Electricity                                          $0
Accounting and legal                                 $0
Administrative expenses                             $100
Phone (domestic and mobile)                          $0
Travel (related to business)                         $0
Vehicle registrations          0   at   $0   each    $0
Vehicle insurance                       $0   each    $0
Boat registrations             0   at   $0   each    $0
Boat insurance                          $0   each    $0
Customary fees                                      $100
Chemicals                                           $100
Equipment leases                                     $0
Diving services (contract)                          $500
Government fees and charges                         $100
Other
                                                     $0
                                                     $0
                                                     $0
Capital Cost of Sponge Farm

       Project Length (Years)            20

              Capital Item         Number of Items Cost of Item ($)
Land and Buildings
Land                                      0               $0
Living quarters                           0               $0
Shed                                      0               $0
Electricity connection                    0               $0
Vehicles and Machinery
Utility                                   0               $0
Other                                     0               $0
Longlines and Buoys
Longlines ($ per metre)                 2,400            $0.30
Anchor lines ($ per metre)              1,440            $0.50
Blocks for anchor lines                   96            $10.00
Buoys                                     96             $7.00
Water Craft and Equipment
Boats                                     0               $0
Outboards                                 0               $0
Other                                     0               $0
Other                                     0               $0
Diving
Scuba tanks                               0               $0
Air compressor                            0               $0
Weight belts                              2              $50
Mask, snorkel and fins                    2              $300
Harvesting Equipment
Nally bins                               10              $40
Knives                                   10              $10
Harvest bags                             10               $5
Gloves                                   10               $5
Miscellaneous                             1              $500
Other                                     0               $0
Other Capital
Tools and equipment                       1             $1,000
Broodstock                                1               $0
Capital outlay for establishment
Total ($)   Year of Purchase Life (years) Salvage Value (%)

   $0              0              0             0%
   $0              0              0             0%
   $0              0              0             0%
   $0              0              0             0%

   $0              0              0             0%
   $0              0              0             0%

 $720              0             5              0%
 $720              0             5              0%
 $960              0             10             0%
 $672              0             10             0%

   $0              0              0             0%
   $0              0              0             0%
   $0              0              0             0%
   $0              0              0             0%

  $0               0              0             0%
  $0               0              0             0%
 $100              0              5             0%
 $600              0              3             0%

 $400              0              5             0%
 $100              0              2             0%
  $50              0              2             0%
  $50              0              1             0%
 $500              0              5             0%
   $0              0              0             0%

$1,000             0              5             10%
  $0               0              0              0%
$5,872
Summary Statistics

Discount Rate
      Operational discount rate                           6%

Output summary

      Annual production                                 2,481
      Annual gross revenue                             $8,037
      Annual production cost                           $4,813
      Production cost per sponge                        $1.94
      Revenue per sponge                                $3.24

Cost structure summary
                                                    Annual cost
      Marketing                                          $402
      Farm labour                                      $1,525
      FORM                                               $600
      Operating                                          $900
      Capital                                          $1,386

      Net Present Value (NPV) and Equivalent Annual Return
      The net present value (NPV) is the difference between the present value of cash inflows and the
      present value of cash outflows over the life of the project. If the NPV is positive the project is likely
      to be profitable. When the NPV is converted to a yearly figure it becomes annualised. In this report
      the annualised return is called the equivalent annual return. It is a measure of equivalent annual
      returns generated over the life of the project expressed in today’s dollars.

      Internal rate of return (IRR)
      The discount rate at which the project has a NPV of zero is called the internal rate of return. The
      IRR represents the maximum rate of interest that could be paid on all capital invested in the project.
      If all funds were borrowed, and interest charged at the IRR, the borrower would break even, that is,
      recover the capital invested in the project.

      Benefit – Cost Ratio
      The benefit – cost ratio is simply a measure of the total flow of benefits over the life of the project as
      compared to the flow of costs. If the ratio is greater than one the project is deemed acceptable. In
      other words, the ratio describes the return per dollar invested; e.g. if the b-c ratio is 1.6 then we can
      say that for every $1.00 invested in the project or enterprise we get a return of $1.60.
                                   6.00                 0.06

                                                        Economic indicators

                                                               Annual return          $3,224
                                                               Net present value      $36,979
                                                               Benefit - cost ratio    1.67
                                                               IRR                    33.69%




                          Cost per Sponge
                                   $0.16
                                   $0.61
                                   $0.24
                                   $0.36
                                   $0.56

Return
ween the present value of cash inflows and the
roject. If the NPV is positive the project is likely
early figure it becomes annualised. In this report
ual return. It is a measure of equivalent annual
 ed in today’s dollars.


of zero is called the internal rate of return. The
 uld be paid on all capital invested in the project.
 he IRR, the borrower would break even, that is,



otal flow of benefits over the life of the project as
  than one the project is deemed acceptable. In
  invested; e.g. if the b-c ratio is 1.6 then we can
 terprise we get a return of $1.60.
                                                            Costs per Sponge

        Capital


Other Operating                                                                     $0.36

                                                           $0.24
           FORM


   Farm Labour


     Marketing                               $0.16

                 $0.00       $0.10             $0.20               $0.30



                                                   Discounted Cumulative Cashflow
 $50,000

 $40,000

 $30,000

 $20,000

 $10,000

      $0
             0       1   2   3       4   5     6       7    8       9       10     11
-$10,000

-$20,000
                                                                           Years
                                         $0.56


       $0.36




                                                      $0.61




          $0.40             $0.50           $0.60              $0.70



lative Cashflow




     11    12     13   14     15    16    17     18      19   20
Risk Analysis


Annual Production                                    Sponge        Probability
                                        Minimum         0             0.00
                                        Poor          1,500           0.10         10%
                                        Average       2,000           0.30         20%
                                        Good          2,250           0.90         60%
                                        Maximum       2,481           1.00         10%

Price                                                Price ($)     Probability
                                        Minimum       $2.00           0.00
                                        Poor          $3.00           0.10         10%
                                        Average       $3.24           0.30         20%
                                        Good          $3.50           0.70         40%
                                        Maximum       $4.00           1.00         30%

Results of Risk Analysis
(Press F9 to re-calculate)

Lowest return                                         $587            1,968
Highest Return                                        $3,279          $3.42
Average Return                                        $1,910         $6,724
                                                                     $4,813
                                                                 Cumulative Probability Distribution
                            1.00                                     $1,912

                            0.90
                            0.80
   Cumulative Probability




                            0.70
                            0.60
                            0.50
                            0.40
                            0.30
                            0.20
                            0.10
                            0.00
                                   $0         $500        $1,000              $1,500
                                                                                  Annual Return
                chance of getting between        0      and     1,500    sponges
                chance of getting between      1,500    and     2,000    sponges
                chance of getting between      2,000    and     2,250    sponges
                chance of getting between      2,250    and     2,481    sponges




                chance of getting between      $2.00    and     $3.00
                chance of getting between      $3.00    and     $3.24
                chance of getting between      $3.24    and     $3.50
                chance of getting between      $3.50    and     $4.00




mulative Probability Distribution




                      $2,000          $2,500           $3,000           $3,500
           Annual Return

				
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Description: Bill of Sale Boat Form document sample