Manual for Development Projects - Planning Commission
Manual for Development Projects - Planning Commission
Manual for Development Projects - Planning Commission
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Chapter 5<br />
= 15 +5 (890 / ( 890 + 5.937 )) = 19.96 %<br />
Two Disc Rate {Disc Rate}<br />
{Sum of NPW at }<br />
{Two Disc Rate}<br />
{(Ignoring Signs)}<br />
FINANCIAL ANALYSIS OF AN INDUSTRIAL PROJECT<br />
RETURN ON EQUITY<br />
( PROFIT AFTER TAXES)<br />
Year Equity Profits after Taxes Net Flow<br />
1990 45.00 -45.00<br />
1991 98.10 -98.10<br />
1992 56.90 -56.90<br />
1993 13.30 -13.30<br />
1994 19.79 19.79<br />
1995 45.30 45.30<br />
1996 54.10 54.10<br />
1997 59.96 59.96<br />
1998 65.61 65.61<br />
1999 70.82 70.82<br />
2000 76.01 76.01<br />
2001 81.06 81.06<br />
2002 85.91 85.91<br />
PWC AT 20 % DISCOUNT RATE = 138.55<br />
PWB AT 20 % DISCOUNT RATE = 97.26<br />
NPV AT 20 % DISCOUNT RATE = -41.30<br />
BCR AT 20 % DISCOUNT RATE = .70:1<br />
RETURNONEQUITY = 14.21%<br />
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Statement-3<br />
(Million Rupees)<br />
Statement-4<br />
9/23/2010