Base Data

Risk On ?

Tax Rate
Discount Rate
Owners' Startup Equity
Base Currency

CHF
EUR
GBP
SEK
USD
ZAR

Product Prices
Export Bulk Sugar
Export Bagged Sugar
Bulk Sugar Local
Bagged Sugar Local
Molasses

Local Inflation
Rate
0%
Volatility
low
high
2%
2%

TRUE

30%
14%
1,000
ZAR
Rate in
Annual %
Year 0
change
3.00
0%
7.50
0%
10.95
0%
0.85
0%
6.40
0%
1.00
0%
Price
Currency
USD
USD
ZAR
ZAR
ZAR

Price in
Year 0
200.00
230.00
3000.00
3500.00
200.00

Capital Price
Expected Value
USD ##########
low
5%
Capital Price
high
5%
Accuracy
Capital Cost
USD #NAME?
Construction Period
yrs
1

Volatility
low
high
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
0%
0%
Annual %
change
0%
0%
0%
0%
0%

Loan Financed ?
Capitalise Upfront Fees?
Constr Intrst Capitalised?

Volatility
low
10%
10%
10%
10%
10%

high
10%
10%
10%
10%
10%

Production
Unit
ton
ton
ton
ton
ton

TRUE
TRUE
TRUE

Upfront Fees

Loan Finance
USD
ZAR
USD
Annual Fees
ZAR
Interest Rate
Term of Loan [yrs]

1,100,000
#NAME?
#NAME?
50,000
7.0%
8

IRR

#VALUE!

Year
Internal Rate of Return
Net Present Value
Cash Flow
Loan
Financing Costs
Loan Repayments
Nett Cash Flow

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#VALUE!
#NAME?
ZAR

10

#NAME?
#NAME?
#NAME?
#NAME?
#NAME?

Cash Flow
Net Profit
Add Back
Depreciation
Cash from Operations

Year

ZAR

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

Net increase/(decrease) in bank overdraft

Net increase/(decrease) in long term liabilities#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

Cash from Financing Activities

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

Proceeds from sale of property etc

Interest received
Acquisition of property etc
Capitalised Fees
Capitalised Interest
Terminal value
Cash from Investing Activities

#NAME?

#NAME?

Dividends paid
Net cash flow

0
#NAME?

0
#NAME?

0
#NAME?

0
#NAME?

0
#NAME?

0
#NAME?

0
#NAME?

0
#NAME?

0
#NAME?

10

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

140,000,000
#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?
0

#NAME?

0
#NAME?

Year

ZAR

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

Sales Revenue
Cost of Sales
Gross Profit

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

Selling Expenses
Administration Expenses
Depreciation
Operating Income

16,551,810

17,834,347

Net Profit

#NAME?

#NAME?
0

#NAME?
0

#NAME?
0

#NAME?
0

#NAME?
0

#NAME?
0

#NAME?
0

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

Financing Costs
Net Operating Income

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

Tax
Net Profit

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

10
#NAME?
#NAME?
#NAME?
#NAME?
#NAME?
0
#NAME?
#NAME?
#NAME?
#NAME?
#NAME?
#NAME?

Year -1
Assets
Property, plant and equipment
Goodwill
Deferred tax assets
Deferred expenditure
Total non-current assets

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

0
0

0
0

#NAME?

Inventory
Accounts receivable
Taxation prepaid
Cash and cash equivalents
Total current assets

Total Assets

Equity and liabilities

Share capital and premium
Retained income
Total capital and reserves

0
0

0
#NAME?

0
#NAME?

0
#NAME?

0
#NAME?

0
#NAME?

0
#NAME?

0
#NAME?

0
#NAME?

0
#NAME?

0
#NAME?

1,000

0
0

Deferred taxation
Long term liabilities
Employee benefit provisions
Total non-current liabilities

Accounts payable
Bank overdraft
Current portion of long term liabilities
Taxation
Dividends payable
Total current liabilities

Total equity and liabilities

1,000

0
#NAME?

0
0

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

0
#NAME?
0

0
0

0
#NAME?

0
#NAME?

0
#NAME?

0
#NAME?

0
#NAME?

0
#NAME?

0
#NAME?

0
#NAME?

0
#NAME?

0
#NAME?

10

#NAME?

#NAME?

0
#NAME?

#NAME?
#NAME?

0
#NAME?

Year

Sales Revenue

ZAR

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

Export Bulk Sugar

Export Bagged Sugar
Bulk Sugar Local
Bagged Sugar Local
Molasses

ZAR

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

ZAR

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

ZAR

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

ZAR

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

ZAR

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

Sales Revenue

ZAR

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

Export Bulk Sugar

Export Bagged Sugar
Bulk Sugar Local
Bagged Sugar Local
Molasses

USD

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

USD

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

ZAR

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

ZAR

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

ZAR

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

0.00

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

0.00

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

0.00

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

0.00

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

0
0
0

10
#NAME?
#NAME?
#NAME?
#NAME?
#NAME?
#NAME?

#NAME?

#NAME?
#NAME?
#NAME?
#NAME?
#NAME?
#NAME?
#NAME?
#NAME?
#NAME?

Main Product
Export Bulk Sugar
Export Bagged Sugar
Bulk Sugar Local
Bagged Sugar Local
Molasses

Year

10

ton

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

ton

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

ton

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

ton

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

ton

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

ton

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

low
Expected Values
Export Bulk Sugar
Export Bagged Sugar
Bulk Sugar Local
Bagged Sugar Local
Molasses

ton

1,200,000

1,500,000

1,500,000

1,500,000

1,500,000

1,500,000

1,500,000

1,500,000

1,500,000

1,500,000

10%

ton

400,000

500,000

500,000

500,000

500,000

500,000

500,000

500,000

500,000

500,000

10%

ton

400,000

500,000

500,000

500,000

500,000

500,000

500,000

500,000

500,000

500,000

10%

ton

400,000

500,000

500,000

500,000

500,000

500,000

500,000

500,000

500,000

500,000

10%

ton

250,000

250,000

250,000

250,000

250,000

250,000

250,000

250,000

250,000

250,000

10%

high
10%
10%
10%
10%
10%

Export Bulk Sugar

Export Bagged Sugar
Bulk Sugar Local
Bagged Sugar Local
Molasses
0
0
0

Expected Values
Export Bulk Sugar
Export Bagged Sugar
Bulk Sugar Local
Bagged Sugar Local
Molasses
0
0
0

Year

10

USD

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

USD

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

ZAR

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

ZAR

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

ZAR

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

0.00

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

0.00

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

0.00

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

0.00

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

USD

200.00

200.00

200.00

200.00

200.00

200.00

200.00

200.00

200.00

200.00

USD

230.00

230.00

230.00

230.00

230.00

230.00

230.00

230.00

230.00

230.00

200.00
230.00

ZAR

3000.00

3000.00

3000.00

3000.00

3000.00

3000.00

3000.00

3000.00

3000.00

3000.00

3000.00

ZAR

3500.00

3500.00

3500.00

3500.00

3500.00

3500.00

3500.00

3500.00

3500.00

3500.00

3500.00

ZAR

200.00

200.00

200.00

200.00

200.00

200.00

200.00

200.00

200.00

200.00

200.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

Production Costs
Direct Materials
Raw Materials
Process Chemicals
Energy
Coal
Wood
Direct Labour
Labour 1
Labour 2

Year

ZAR

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

2,000,000

210,000,000

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

200,000,000

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

2,000,000

10,000,000

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

Factory Overheads

46,269,004

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

Utilities
Electricity
Water
Production Admin
Maintenance
Vehicle Costs
Management Fees
Accounting Costs
Audit and Legal Costs
Bad Debts
Banking Costs
Cleaning
Computer Costs
Consumables
Directors Fees & Renumeration
Entertainment
Equipment Hire
Insurances

80,000

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

50,000

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

30,000

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

2,000,000

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

30,000,000

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

500,000

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

1,000,000

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

500,000

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

500,000

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

100,000

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

400,000

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

30,000

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

500,000

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

500,000

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

200,000

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

100,000

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

70,000

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

100,000

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

ISO
Levies
Motor Vehicle Expenses
Printing, Licences and Subscriptions
Rates & Taxes
Rent
Maintenance
Retrenchment Costs
Safety
Salaries
Security
Staff Expenses
Telephone Costs
Training
Travel Costs
Wages
Laboratory Expenses

25,000

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

14,400

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

600,000

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

100,000

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

500,000

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

400,000

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

1,000,000

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

500,000

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

5,000,000

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

50,000

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

30,000

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

72,000

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

180,552

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

200,000

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

17,052

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

1,000,000

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

10
#NAME?
#NAME?
#NAME?
#NAME?
#NAME?
#NAME?
#NAME?
#NAME?
#NAME?
#NAME?
#NAME?
#NAME?
#NAME?
#NAME?
#NAME?
#NAME?
#NAME?
#NAME?
#NAME?
#NAME?
#NAME?
#NAME?
#NAME?
#NAME?
#NAME?
#NAME?
#NAME?
#NAME?
#NAME?

#NAME?
#NAME?
#NAME?
#NAME?
#NAME?
#NAME?
#NAME?
#NAME?
#NAME?
#NAME?
#NAME?
#NAME?
#NAME?
#NAME?
#NAME?
#NAME?
#NAME?

Raw Materials
Molasses
Quality
Expected Values

Year

ZAR

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

suc%cane

Conversion Efficiency
Expected Values

12.0%

#NAME?
87.0%

Consumption
Total

ton

Cost per ton sucrose

ZAR

Tons sucrose delivered

#NAME?

11.8%
#NAME?
87.0%

11.5%
#NAME?
87.0%

11.5%
#NAME?
87.0%

11.5%
#NAME?
87.0%

11.5%
#NAME?
87.0%

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

1,820

Cost

ZAR

Molasses Availability
Simunye
Mhlume

ton

61,394

61,394

61,394

61,394

61,394

61,394

ton

58,132

58,132

58,132

59,911

62,911

65,911

Yeast
Specific Consumption l/klaa
Expected Values

#NAME?

Consumption

ltr

#NAME?

Cost per litre

ZAR

Cost

ZAR

38.57

4.59
#NAME?

#NAME?
38.57

#NAME?
7.21

#NAME?
0.42

#NAME?
0.42

#NAME?
0.42

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

10

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

11.5%
#NAME?
87.0%

11.5%
#NAME?
87.0%

11.5%
#NAME?
87.0%

11.5%
#NAME?
87.0%

low high

11.5% 10%
#NAME?
87.0% 86%

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

61,394

61,394

61,394

61,394

61,394

68,911

68,911

68,911

68,911

68,911

#NAME?
0.42

#NAME?
0.42

#NAME?
0.42

#NAME?
0.42

10%

88%

#NAME?
0.42

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

5%

5%

Year

ZAR

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

Lime
Specific Consumption kg/tc
Expected Values
kg/tc

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

Consumption

kg

#NAME?

Cost per kg

ZAR

Cost

ZAR

Process Chemicals

20.00

20.00

20.00

20.00

20.00

20.00

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

Flocculent
Specific Consumption kg/tc
Expected Values
kg/tc

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

Consumption

kg

#NAME?

Cost per kg

ZAR

Cost

ZAR

2.00

2.15

10.00
#NAME?

2.15

2.15

2.15

2.15

2.15

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

10

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

20.00

20.00

20.00

20.00

low high

20.00

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

2.15

2.15

2.15

2.15

2.15

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

5%

5%

5%

5%

Year

ZAR

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

Specific Consumption ton/tc

Expected Values

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

Consumption

ton

#NAME?

Cost per ton

ZAR

Cost

ZAR

Steam

6.00

300.00
#NAME?

6.00

6.00

6.00

6.00

6.00

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

10

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

6.00

6.00

6.00

6.00

low high

6.00

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

5%

5%

Year

ZAR

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

Specific Consumption ton/tc

Expected Values

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

Consumption

ton

#NAME?

Cost per kWh

ZAR

Cost

ZAR

Electicity

0.65

0.05
#NAME?

0.65

0.65

0.65

0.65

0.65

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

10

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

0.65

0.65

0.65

0.65

low high

0.65

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

5%

5%

Selling Expenses
Road Haulage to Port
Storage Cost
Packaging Costs
Customs Taxes
Marketing Costs
Export Freight & Insurance Costs
Distribution Costs
FOB Charges
NCP/Illovo Costs
Selling Expenses

Year

10

ZAR

16,551,810

17,834,347

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

3,413,886

5,736,274

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

894,932

1,503,734

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

4,913,796

1,939,780

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

56,000

81,732

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

230,000

362,250

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

129,816

189,466

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

2,056,683

2,242,813

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

1,306,421

1,906,721

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

3,550,276

3,871,576

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

16,551,810

17,834,347

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

Year
Administration Expenses

ZAR

1
0

2
0

3
0

4
0

5
0

6
0

7
0

8
0

9
0

10
0

Year
Depreciation
Buildings

Machinery and plant equipment

Tools, Office equipment, vehicles

Depreciation

10

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?
#NAME?

ZAR
20

10

ZAR

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?
0

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

Year

10

Financing Costs
Outstanding Capital

ZAR

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

ZAR

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

Upfront Fees

ZAR

Annual Fees

ZAR

0
50,000

50,000

50,000

50,000

50,000

50,000

50,000

50,000

ZAR

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

ZAR

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

USD

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

Loan Advances
Outstanding Capital

USD

#NAME?

#NAME?

#NAME?

#NAME?

USD

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

Interest Payment
Capital Repayment
Loan Repayment

USD

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

USD

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

USD

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

Interest Payment
Total Fees
Financing Costs

USD

Financing Costs
Outstanding Capital

Total Fees

0
#NAME?
#NAME?

0
#NAME?
#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

USD

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

USD

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

ZAR

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

ZAR

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

Year

Loan
Loan
Capitalised Fees
Capitalised Interest
Capital Repayment
Capital Repayment

USD

#NAME?

#NAME?

#NAME?

#NAME?

ZAR

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

ZAR

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

ZAR

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

ZAR

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

Capital Spend
Capitalised Fees
Capitalised Interest

USD

#NAME?

#NAME?

#NAME?

#NAME?

USD

#NAME?

USD

#NAME?

#NAME?

#NAME?

#NAME?

Loan

USD

#NAME?

#NAME?

#NAME?

#NAME?

Capital Repayment

USD

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

Loan
Capitalised Fees
Capitalised Interest
Capital Repayment

ZAR

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

ZAR

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

ZAR

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

ZAR

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

USD

5
0

7
0

8
0

9
0

10
0

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

0
#NAME?

#NAME?
0

#NAME?

0
#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

Year

10

Capital Spend

ZAR

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

Project Capital
Other Capital
Capital Spend

ZAR

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

ZAR
ZAR

Year
Interest Accumulated
Project Capital
Project Capital

USD

#NAME?

#NAME?

#NAME?

#NAME?

USD

#NAME?

#NAME?

#NAME?

#NAME?

ZAR

#NAME?

#NAME?

#NAME?

#NAME?

Outstanding
Amount
#NAME?
#NAME?
#NAME?
#NAME?
#NAME?
#NAME?
#NAME?
#NAME?
#NAME?
#NAME?
#NAME?
#NAME?
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%

Interest
#NAME?
#NAME?
#NAME?
#NAME?
#NAME?
#NAME?
#NAME?
#NAME?
#NAME?
#NAME?
#NAME?
#NAME?
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%

Total
#NAME?
#NAME?
#NAME?
#NAME?
#NAME?
#NAME?
#NAME?
#NAME?
#NAME?
#NAME?
#NAME?
#NAME?
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%

Month
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46

Monthly
Draw
down
10%
10%
20%
5%
5%
5%
5%
10%
5%
5%
5%
15%
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%
0%
0%
0%
0%
0%
0%
0%
0%
0%

#NAME?

5
0
0
#NAME?

47
48

0%
0%
100%

0.00%
0.00%

0.00%
0.00%

0.00%
0.00%

#NAME?

10

#NAME?

#NAME?

#NAME?

0
0
#NAME?

Tax
Net Operating Income
Tax

Year

10

ZAR

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

Terminal values
Plant and equipment
Tax on Terminal Cash Flows
Working capital
Year end Operations Tax Liability
Total

Year

10

ZAR

140,000,000
140,000,000

140,000,000

Year
CHF
EUR
GBP
SEK
USD
ZAR

Expected Values
CHF
EUR
GBP
SEK
USD
ZAR

10

low high

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

3.00

3.00

3.00

3.00

3.00

3.00

3.00

3.00

3.00

3.00

3.00 10%

10%

7.50

7.50

7.50

7.50

7.50

7.50

7.50

7.50

7.50

7.50

7.50 10%

10%

10.95

10.95

10.95

10.95

10.95

10.95

10.95

10.95

10.95

10.95

10.95 10%

10%

0.85

0.85

0.85

0.85

0.85

0.85

0.85

0.85

0.85

0.85

0.85 10%

10%

6.40

6.40

6.40

6.40

6.40

6.40

6.40

6.40

6.40

6.40

6.40 10%

10%

1.00

1.00

1.00

1.00

1.00

1.00

1.00

1.00

1.00

1.00

1.00

0%

0%

Year
Inflation Rate
Price Index (Expected Values)
Price Index (Randomised)
Inflation Rate

1.00
#####

10

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

1.00

1.00

1.00

1.00

1.00

1.00

1.00

1.00

1.00

1.00

1.00

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?