-Statement of Cash Flows(Total Investment)

Table 1
No.

Items

Installed Capacity(kW)
Basic Utilization hours (h)
parame Power generation(10000kWh)
ters Sales of electricity (10000kWh)
Grid price(yuan/kWh)
cash inflows (CI)
1
Income of saling power
1.1
Residual value of fixed assets
1.2
recovered
Floating Capital recovered
1.3
Other(CERs)
1.4
Subtotal of cash inflows
2
2.1
2.2
2.3
2.4
2.5

Cash outflows(CO)
Investment in fixed assets(Total
investment)
Floating Capital(Total investment)
Annual Operatiing Cost
Sales tax and surcharges
Income tax
Subtotal of cash outflows
Net cash flows before income tax
Accumulated net cash flows
before income tax
Net cash flows after income tax
Accumulated net cash flows after
income tax

3
4
5
6

(1)

(2)

(3)

Calculation indexes
Net financial present value
Discount factor(Ic= )
Net present value
FNPV=
Financial IRR (FIRR after tax)
Discount factor(i= )
Net present value
FNPV=
Discount factor(i= )
Net present value
FNPV=
Calculation parameters for static
investment recovery period (years)

Construction period (years)

2
3

35000
5131
359180
312020
0.1379

1
35000
5131
17959
15600.99
0.1379

2
35000
5131
17959
15600.99
0.1379

Operation period (years)

3
4
5
35000
35000
35000
5131
5131
5131
17959
17959
17959
15600.99
15600.99
15600.99
0.1379
0.1379
0.1379

43027.60
654.12
0.00
13079.00
56760.72

2151.38
0.00
0.00
653.95
2805.33

2151.38
0.00
0.00
653.95
2805.33

2151.38
0.00
0.00
653.95
2805.33

2151.38
0.00
0.00
653.95
2805.33

2151.38
0.00
0.00
653.95
2805.33

405.65
5.16
214.61
625.42

405.65
5.16
245.85
656.66

405.65
5.16
278.06
688.87

405.65
5.16
311.29
722.10

Total

12417.20
0.00
8113.00
103.20
6749.90
27383.30

5056.57
0.00

5056.57

4118.71

3241.92

405.65
5.16
184.33
595.14

36127.32

-5056.57
-5056.57
-5056.57
-5056.57

-4118.71
-9175.28
-4118.71
-9175.28

-3241.92
-12417.20
-3241.92
-12417.20

2394.52
-10022.68
2210.19
-10207.01

2394.52
-7628.16
2179.91
-8027.10

2394.52
-5233.64
2148.67
-5878.43

2394.52
-2839.12
2116.46
-3761.97

2394.52
-444.60
2083.23
-1678.74

10.00%
2966.54

0.9091
-4596.93

0.8264
-3403.70

0.7513
-2435.65

0.6830
1509.56

0.6209
1353.51

0.5645
1212.92

0.5132
1086.17

0.4665
971.83

13.30%
64.52
13.40%
-2.99
5

0.8826
-4462.93
0.8818
-4458.88

0.7790
-3208.48
0.7776
-3202.71

0.6876
-2229.14
0.6857
-2222.98

0.6068
1341.14
0.6047
1336.50

0.5356
1167.56
0.5333
1162.55

0.4727
1015.68
0.4702
1010.30

0.4172
882.99
0.4147
877.70

0.3683
767.25
0.3657
761.84
5

29377.42

4118.71
0.00

3241.92
0.00

(3)
(4)

Calculation parameters for static

investment recovery period (years)
Static investment recovery period (
including construction period)
Financial IRR(FIRR)

2048.96
-1678.74
8.82
13.40%

2048.96
-1678.74
Construction period 3 years + Operation Period 5 years + |-1678.74|2048.96
13.3% + 64.52 (64.52 + |-2.99|)(13.4 - 13.3)% = 13.4%

Table 1
No.

Operation period (years)

Items

Installed Capacity(kW)
Basic Utilization hours (h)
parame Power generation(10000kWh)
ters Sales of electricity (10000kWh)
Grid price(yuan/kWh)
cash inflows (CI)
1
Income of saling power
1.1
Residual value of fixed assets
1.2
recovered
Floating Capital recovered
1.3
Other(CERs)
1.4
Subtotal of cash inflows
2
2.1
2.2
2.3
2.4
2.5

Cash outflows(CO)
Investment in fixed assets(Total
investment)
Floating Capital(Total investment)
Annual Operatiing Cost
Sales tax and surcharges
Income tax
Subtotal of cash outflows

3
4
5
6

Net cash flows before income tax

Accumulated net cash flows
before income tax
Net cash flows after income tax
Accumulated net cash flows after
income tax
(1)

(2)

(3)

Calculation indexes
Net financial present value
Discount factor(Ic= )
Net present value
FNPV=
Financial IRR (FIRR after tax)
Discount factor(i= )
Net present value
FNPV=
Discount factor(i= )
Net present value
FNPV=
Calculation parameters for static
investment recovery period4(years)

6
35000
5131
17959
15600.99
0.1379

7
35000
5131
17959
15600.99
0.1379

2151.38
0.00
0.00
653.95
2805.33

2151.38
0.00
0.00
653.95
2805.33

405.65
5.16
345.56
756.37

405.65
5.16
369.30
780.11

2394.52
1949.92
2048.96
370.22

2394.52
4344.44
2025.22
2395.44

0.4241
868.96

0.3855
780.72

0.3250
665.91
0.3225
660.79

0.2869
581.04
0.2844
575.97

Calculation parameters for static

investment recovery period (years)
Static investment recovery period (
Construction period 3 years + Operation Period 5 years + |-1678.74|2048.96 = 8.82 years
including construction period)
Financial
IRR(FIRR)
13.3% + 64.52(4)
(64.52
+ |-2.99|)(13.4
- 13.3)% = 13.4%
(3)

-Statement of Cash Flows(Total Investment)

Table 1
No.

Items

Installed Capacity(kW)
Basic Utilization hours (h)
parame Power generation(10000kWh)
ters Sales of electricity (10000kWh)
Grid price(yuan/kWh)
cash inflows (CI)
1
Income of saling power
1.1
Residual value of fixed assets
1.2
recovered
Floating Capital recovered
1.3
Other(CERs)
1.4
Subtotal of cash inflows
2
2.1
2.2
2.3
2.4
2.5

Cash outflows(CO)
Investment in fixed assets(Total
investment)
Floating Capital(Total investment)
Annual Operatiing Cost
Sales tax and surcharges
Income tax
Subtotal of cash outflows

3
4
5
6

Net cash flows before income tax

Accumulated net cash flows
before income tax
Net cash flows after income tax
Accumulated net cash flows after
income tax
(1)

(2)

(3)

Calculation indexes
Net financial present value
Discount factor(Ic= )
Net present value
FNPV=
Financial IRR (FIRR after tax)
Discount factor(i= )
Net present value
FNPV=
Discount factor(i= )
Net present value
FNPV=
Calculation parameters for static
investment recovery period (years)

8
35000
5131
17959
15600.99
0.1379

9
35000
5131
17959
15600.99
0.1379

10
35000
5131
17959
15600.99
0.1379

11
35000
5131
17959
15600.99
0.1379

Operation period (years)

12
13
14
35000
35000
35000
5131
5131
5131
17959
17959
17959
15600.99
15600.99
15600.99
0.1379
0.1379
0.1379

15
35000
5131
17959
15600.99
0.1379

16
35000
5131
17959
15600.99
0.1379

17
35000
5131
17959
15600.99
0.1379

2151.38
0.00
0.00
653.95
2805.33

2151.38
0.00
0.00
653.95
2805.33

2151.38
0.00
0.00
653.95
2805.33

2151.38
0.00
0.00
653.95
2805.33

2151.38
0.00
0.00
653.95
2805.33

2151.38
0.00
0.00
653.95
2805.33

2151.38
0.00
0.00
653.95
2805.33

2151.38
0.00
0.00
653.95
2805.33

2151.38
0.00
0.00
653.95
2805.33

2151.38
0.00
0.00
653.95
2805.33

405.65
5.16
369.30
780.11

405.65
5.16
369.30
780.11

405.65
5.16
369.30
780.11

405.65
5.16
369.30
780.11

405.65
5.16
369.30
780.11

405.65
5.16
369.30
780.11

405.65
5.16
369.30
780.11

405.65
5.16
369.30
780.11

405.65
5.16
369.30
780.11

405.65
5.16
369.30
780.11

2394.52
6738.96
2025.22
4420.66

2394.52
9133.48
2025.22
6445.88

2394.52
11528.00
2025.22
8471.10

2394.52
13922.52
2025.22
10496.32

2394.52
16317.04
2025.22
12521.54

2394.52
18711.56
2025.22
14546.76

2394.52
21106.08
2025.22
16571.98

2394.52
23500.60
2025.22
18597.20

2394.52
25895.12
2025.22
20622.42

2394.52
28289.64
2025.22
22647.64

0.3505
709.84

0.3186
645.24

0.2897
586.71

0.2633
533.24

0.2394
484.84

0.2176
440.69

0.1978
400.59

0.1799
364.34

0.1635
331.12

0.1486
300.95

0.2532
512.79
0.2508
507.93

0.2235
452.64
0.2211
447.78

0.1972
399.37
0.1950
394.92

0.1741
352.59
0.1720
348.34

0.1537
311.28
0.1516
307.02

0.1356
274.62
0.1337
270.77

0.1197
242.42
0.1179
238.77

0.1056
213.86
0.1040
210.62

0.0932
188.75
0.0917
185.71

0.0823
166.68
0.0809
163.84

(3)
(4)

Calculation parameters for static

investment recovery period (years)
Static investment recovery period (
including construction period)
Financial IRR(FIRR)

Table 1
Operation period (years)

No.

Items

Installed Capacity(kW)
Basic Utilization hours (h)
parame Power generation(10000kWh)
ters Sales of electricity (10000kWh)
Grid price(yuan/kWh)
cash inflows (CI)
1
Income of saling power
1.1
Residual value of fixed assets
1.2
recovered
Floating Capital recovered
1.3
Other(CERs)
1.4
Subtotal of cash inflows
2
2.1
2.2
2.3
2.4
2.5

Cash outflows(CO)
Investment in fixed assets(Total
investment)
Floating Capital(Total investment)
Annual Operatiing Cost
Sales tax and surcharges
Income tax
Subtotal of cash outflows

3
4
5
6

Net cash flows before income tax

Accumulated net cash flows
before income tax
Net cash flows after income tax
Accumulated net cash flows after
income tax
(1)

(2)

(3)

Calculation indexes
Net financial present value
Discount factor(Ic= )
Net present value
FNPV=
Financial IRR (FIRR after tax)
Discount factor(i= )
Net present value
FNPV=
Discount factor(i= )
Net present value
FNPV=
Calculation parameters for static
investment recovery8period (years)

18
35000
5131
17959
15600.99
0.1379
2151.38
0.00
0.00
653.95
2805.33

405.65
5.16
369.30
780.11
2394.52
30684.16
2025.22
24672.86

0.1351
273.61
0.0726
147.03
0.0713
144.40

(3)
(4)

Calculation parameters for static

investment recovery period (years)
Static investment recovery period (
including construction period)
Financial IRR(FIRR)

-Statement of Cash Flows(Total Investment)

Table 1
No.

Items

Installed Capacity(kW)
Basic Utilization hours (h)
parame Power generation(10000kWh)
ters Sales of electricity (10000kWh)
Grid price(yuan/kWh)
cash inflows (CI)
1
Income of saling power
1.1
Residual value of fixed assets
1.2
recovered
Floating Capital recovered
1.3
Other(CERs)
1.4
Subtotal of cash inflows
2
2.1
2.2
2.3
2.4
2.5

Cash outflows(CO)
Investment in fixed assets(Total
investment)
Floating Capital(Total investment)
Annual Operatiing Cost
Sales tax and surcharges
Income tax
Subtotal of cash outflows

3
4
5
6

Net cash flows before income tax

Accumulated net cash flows
before income tax
Net cash flows after income tax
Accumulated net cash flows after
income tax
(1)

(2)

(3)

Calculation indexes
Net financial present value
Discount factor(Ic= )
Net present value
FNPV=
Financial IRR (FIRR after tax)
Discount factor(i= )
Net present value
FNPV=
Discount factor(i= )
Net present value
FNPV=
Calculation parameters for static
investment recovery period (years)

Operation period (years)

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0.000
0.000
0.000

19
35000
5131
17959
15600.99
0.1379

20
35000
5131
17959
15600.99
0.1379

0
0
0
0
0
0.000

0
0
0
0
0
0.000

0
0
0
0
0
0.000

2151.38
0.00
0.00
653.95
2805.33

2151.38
654.12
0.00
653.95
3459.45

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

405.65
5.16
369.30
780.11

405.65
5.16
369.30
780.11

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

2394.52
33078.68
2025.22
26698.08

3048.64
36127.32
2679.34
29377.42

0.00
0.00
0.00
0.00

0.00
0.00
0.00
0.00

0.00
0.00
0.00
0.00

0.1228
248.70

0.1117
299.28

0.0000
0.00

0.0000
0.00

0.0641
129.82
0.0629
127.39

0.0566
151.65
0.0554
148.44

0.0000
0.00
0.0000
0.00

0.0000
0.00
0.0000
0.00

10

0
0
0
0
0
0.000

0
0
0
0
0
0.000

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
0.00
0.00
0.00

0.0000
0.00

0.0000
0.00

0.0000
0.00

0.0000
0.00

0.0000
0.00

0.0000
0.00

0.0000
0.00
0.0000
0.00

0.0000
0.00
0.0000
0.00

0.0000
0.00
0.0000
0.00

0.0000
0.00
0.0000
0.00

0.0000
0.00
0.0000
0.00

0.0000
0.00
0.0000
0.00

(3)
(4)

Calculation parameters for static

investment recovery period (years)
Static investment recovery period (
including construction period)
Financial IRR(FIRR)

11

Table 1
Operation period (years)
No.

Items

Installed Capacity(kW)
Basic Utilization hours (h)
parame Power generation(10000kWh)
ters Sales of electricity (10000kWh)
Grid price(yuan/kWh)
cash inflows (CI)
1
Income of saling power
1.1
Residual value of fixed assets
1.2
recovered
Floating Capital recovered
1.3
Other(CERs)
1.4
Subtotal of cash inflows
2
2.1
2.2
2.3
2.4
2.5

Cash outflows(CO)
Investment in fixed assets(Total
investment)
Floating Capital(Total investment)
Annual Operatiing Cost
Sales tax and surcharges
Income tax
Subtotal of cash outflows

3
4
5
6

Net cash flows before income tax

Accumulated net cash flows
before income tax
Net cash flows after income tax
Accumulated net cash flows after
income tax
(1)

(2)

(3)

Calculation indexes
Net financial present value
Discount factor(Ic= )
Net present value
FNPV=
Financial IRR (FIRR after tax)
Discount factor(i= )
Net present value
FNPV=
Discount factor(i= )
Net present value
FNPV=
Calculation parameters for static
investment recovery period
12(years)

0
0
0
0
0
0.000

0
0
0
0
0
0.000

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

0.0000
0.00

0.0000
0.00

0.0000
0.00
0.0000
0.00

0.0000
0.00
0.0000
0.00

(3)
(4)

Calculation parameters for static

investment recovery period (years)
Static investment recovery period (
including construction period)
Financial IRR(FIRR)

13

-Investment Plan

Table 2

No.

Items

Parameters

Operating period of power station (years)

20

Depreciable life of fixed assets (year)

Formation rate of fixed assets
Basic
Parame Residual value rate of fixed assets
ters Depreciation rate of fixed assets
Rate on long-term loan
Rate on construction period loan
Estimated Grid Price(yuan/kWh)
subproj Depreciation rate of fixed assets
ect Annual Operation and Maintence Cost Rate
No.
1
1.1
1.2
1.3

20
100.00%
5.00%
4.75%
6.12%
0.1379

Items

Total

Total dynamic investment:

Total static investment:
Interest incurred during construction period
Floating Capital

13083.92
12417.20
666.72
0.00

Remarks

Construction period is not included in the operating per

Depreciation will be provided for on a straight-line basi
straight line method.
Ratio of original value of fixed assets to total investmen
The residual value of fixed assets will be recovered at o
Provide for depreciation based on original value of fixe
Calculate based on compound rate.
Calculate based on compound rate.(General interest rate
without VAT
Match with electricity transforming project,formation ra
Ratio of subproject investment.
Construction period(years)
1

5091.19
5056.57
34.62
0.00

4316.10
4118.71
197.39
0.00

3676.63
3241.92
434.71
0.00

Finance
13083.92
5091.19
4316.10
3676.63
Self-raised capital
3925.18
3925.18
0.00
0.00
Used as Floating Capital
0.00
Used as fixed assets investment
3925.18
3925.18
0.00
Used as subproject investment
0.00
0.00
Long-term loan
9158.74
1166.01
4316.10
3676.63
Capital for long-term loan
8492.02
1131.39
4118.71
3241.92
Interest on construction period loan
666.72
34.62
197.39
434.71
short-term Loan of floating capital
0.00
0.00
Original value of fixed assets
13083.92
Note 1. Original value of fixed assets=investment of fixed assets+ interest incurred during construction period-investment in intan
2. Current loan is used as current funds. The interest is calculated based on the first year of production period.Current funds d
3. Interest of long-term loan is calculated based on half in the first years, and whole in later years.

2
2.1
2.1.1
2.1.2
2.1.3
2.2
2.2.1
2.2.2
2.3

Calculation of other income CERs

No.

Items

Income

Basic State and UN tax rate

Parame VAT and additional composite tax rate
ters Income tax rate
Annual reduction of CO2 (ton)
1
Unit return (RMB Yuan/t)
2
Annual income
3

2.00%
0.24%
33.00%
127343
80
1018.74

14+3

State and UN taxes are b

VAT 6%Urban Construct
8.162

4
5
6
7

Income after state and UN tax

Income after VAT and surcharges

978.40
976.05
653.95
21

Income after income tax

Period of CERs income (year)

15+3

21years' total income is

-Investment Plan
Unit:10,000yuan
Remarks
Construction period is not included in the operating period of power station (year)
Depreciation will be provided for on a straight-line basis from the first year of production period by
straight line method.
Ratio of original value of fixed assets to total investment (dynamic investment).
The residual value of fixed assets will be recovered at one time.
Provide for depreciation based on original value of fixed assets
Calculate based on compound rate.
Calculate based on compound rate.(General interest rate of many projects)
without VAT
Match with electricity transforming project,formation rate of fixed assets is 1.
Ratio of subproject investment.
Remarks

Including price difference and subproject.

0.00
Match with electricity transforming project.

Used for investment of fixed assets.

erest incurred during construction period-investment in intangible assets and deferred assets.
d based on the first year of production period.Current funds dont constitute fixed assets.
st years, and whole in later years.

lation of other income CERs

Remarks
State and UN taxes are both2%
VAT 6%Urban Construction Tax3%Education Surcharge1%
8.162

16+3

21years' total income is: 13732.95 ten thousand yuan.

17+3

-Statement of Operation Cost

Table 3
No.

1
2
3
4
5
6
7
8

Items

Unit

Calculated vale

Basic parameter
Number of installed generator
unit installed capacity
Total capacity
Investment in fixed assets
Unit investment:
Annual utilization hours of power
Power generation (10,000kWh)
Effective power factor
Effective power generated
Power consumption by plant
Power supply
Loss in Transmission and Transformation Network
Electricity Suppplied to grid

Unit
kW
kW
RMB 10,000 yuan
RMB yuan
h
10,000kWh
%
10,000kWh
%
10,000kWh
%
10,000kWh

2
17500
35000
13083.92
3738.26
5131
17958.50
90.00%
16162.65
1.00%
16001.02
2.50%
15600.99

Cost of Production
Payroll
1. Number of employees
2. Annual average payroll
Employee welfare
1. Employees insurance
2. Welfare fund
3. Education fund
4.Housing Provident Fund
Operation and maintenance expense
1. Cost of overhaul
2. Cost of materials
3. Other expenses

RMB 10,000 yuan

Person
yuan/year
RMB 10,000 yuan
RMB 10,000 yuan
RMB 10,000 yuan
RMB 10,000 yuan
RMB 10,000 yuan
RMB 10,000 yuan
RMB 10,000 yuan
RMB 10,000 yuan
RMB 10,000 yuan

229.27
49.50
33
15000
6.93
0.00
6.93
0.00
0.00
172.84
130.84
17.50
24.50

Yuan/kWh

0.0147

Unit: kWh production cost

Annual expenses of subproject operation

10,000 yuan

18+4

0.00

Quota

14.00%
0.00%
14.00%
0.00%
1.00%
5.00
7.00

0.00%

eration Cost
Remarks

0.00%
Constitute the original value of fixed assets.

Proportion in total payroll of employees %

General value calculated according to stages

5yuan/kW
7yuan/kW
Depreciation cost and interest payable are not included.
Ratio in investment of subproject

19+4

20+4

-Cost and Income

Table 4
No.
1
2
2.1
2.2

2.3
2.4
2.5
2.6

2.7
3
3.1
3.2
3.3
4
5
6
6.1
6.2
6.3
6.40

Items
Installed capacity (kW)
Income of power sales(RMB ten
thousand
Total coseyuan)
of power generation(RMB
ten thousand yuan)
of which subtotal of operating cost
Water charges and reservior
maintenance cost
Cost of operation and maintenance
Of which: For Power station(in stages)
For subproject
Payroll and welfare
Other expenses(insurance for fixed
assets)
Amortization costs
Depreciation cost
For power station
For subproject
Interest expense
Sales tax and surcharge
VAT
Additional urban construction tax
Education surcharge
Profit on sale
Income tax
Profits available for distribution
Reserves
Welfare funds
Profits payable ( capital %)
Undistributed profits (available for
repayment of loan)
Accumulated undistributed profits
Cost indexes

Parameter

Total
43027.60
22470.32

0.008

0.25%

0.24%
6.00%
3.00%
1.00%
33.00%
10.00%
5.00%
0.00%

2873.40
3456.80
3456.80
0.00
1128.60
654.20
12429.80
12429.80
0.00
1927.52
103.20
0.00
77.40
25.80
20454.08
6749.90
13704.18
1370.44
685.23
0.00
11648.51
11648.51

Operating period (years)

4
5
35000
35000
2151.38
2151.38
1303.60
1202.92
405.65
405.65
143.67
143.67
172.84
172.84
172.84
172.84
0.00
0.00
56.43
56.43
32.71
32.71

1
35000
2151.38
1587.65
405.65
143.67
172.84
172.84
0.00
56.43
32.71

2
35000
2151.38
1495.88
405.65
143.67
172.84
172.84
0.00
56.43
32.71

3
35000
2151.38
1401.23
405.65
143.67
172.84
172.84
0.00
56.43
32.71

621.49
621.49
0.00
560.51
5.16

621.49
621.49
0.00
468.74
5.16

621.49
621.49
0.00
374.09
5.16

621.49
621.49
0.00
276.46
5.16

3.87
1.29
558.57
184.33
374.24
37.42
18.71
0.00
318.11
318.11

3.87
1.29
650.34
214.61
435.73
43.57
21.79
0.00
370.37
688.48

3.87
1.29
744.99
245.85
499.14
49.91
24.96
0.00
424.27
1112.75

3.87
1.29
842.62
278.06
564.56
56.46
28.23
0.00
479.87
1592.62

21+5

6
35000
2151.38
1099.08
405.65
143.67
172.84
172.84
0.00
56.43
32.71

7
35000
2151.38
1027.14
405.65
143.67
172.84
172.84
0.00
56.43
32.71

8
35000
2151.38
1027.14
405.65
143.67
172.84
172.84
0.00
56.43
32.71

621.49
621.49
0.00
175.78
5.16

621.49
621.49
0.00
71.94
5.16

621.49
621.49
0.00
0.00
5.16

621.49
621.49
0.00
0.00
5.16

3.87
1.29
943.30
311.29
632.01
63.20
31.60
0.00
537.21
2129.83

3.87
1.29
1047.14
345.56
701.58
70.16
35.08
0.00
596.34
2726.17

3.87
1.29
1119.08
369.30
749.78
74.98
37.49
0.00
637.31
3363.48

3.87
1.29
1119.08
369.30
749.78
74.98
37.49
0.00
637.31
4000.79

Operating cost(excluding depreciation

(RMB Yuan/ kwh)
Calcula cost)
Composite cost(RMB yuan/kWh)
tion Rate of earnings on Self-raised capital
indexes (ROE)
Total return on total investment (ROI)

0.0322
0.0720
11.71%
8.55%

0.0619
0.1018
0.81%

0.0560
0.0959
0.94%

22+5

0.0500
0.0898
1.08%

0.0437
0.0836
1.22%

0.0373
0.0771
1.37%

0.0306
0.0704
1.52%

0.0260
0.0658
16.24%

0.0260
0.0658
16.24%

-Cost and Income

Table 4
No.
1
2
2.1
2.2

2.3
2.4
2.5
2.6

2.7
3
3.1
3.2
3.3
4
5
6
6.1
6.2
6.3
6.40

Items
Installed capacity (kW)
Income of power sales(RMB ten
thousand
Total coseyuan)
of power generation(RMB
ten thousand yuan)
of which subtotal of operating cost
Water charges and reservior
maintenance cost
Cost of operation and maintenance
Of which: For Power station(in stages)
For subproject
Payroll and welfare
Other expenses(insurance for fixed
assets)
Amortization costs
Depreciation cost
For power station
For subproject
Interest expense
Sales tax and surcharge
VAT
Additional urban construction tax
Education surcharge
Profit on sale
Income tax
Profits available for distribution
Reserves
Welfare funds
Profits payable ( capital %)
Undistributed profits (available for
repayment of loan)
Accumulated undistributed profits
Cost indexes

9
35000
2151.38
1027.14
405.65
143.67
172.84
172.84
0.00
56.43
32.71

10
35000
2151.38
1027.14
405.65
143.67
172.84
172.84
0.00
56.43
32.71

11
35000
2151.38
1027.14
405.65
143.67
172.84
172.84
0.00
56.43
32.71

12
35000
2151.38
1027.14
405.65
143.67
172.84
172.84
0.00
56.43
32.71

Operating period (years)

13
14
15
35000
35000
35000
2151.38
2151.38
2151.38
1027.14
1027.14
1027.14
405.65
405.65
405.65
143.67
143.67
143.67
172.84
172.84
172.84
172.84
172.84
172.84
0.00
0.00
0.00
56.43
56.43
56.43
32.71
32.71
32.71

621.49
621.49
0.00
0.00
5.16

621.49
621.49
0.00
0.00
5.16

621.49
621.49
0.00
0.00
5.16

621.49
621.49
0.00
0.00
5.16

621.49
621.49
0.00
0.00
5.16

621.49
621.49
0.00
0.00
5.16

621.49
621.49
0.00
0.00
5.16

621.49
621.49
0.00
0.00
5.16

621.49
621.49
0.00
0.00
5.16

621.49
621.49
0.00
0.00
5.16

621.49
621.49
0.00
0.00
5.16

3.87
1.29
1119.08
369.30
749.78
74.98
37.49
0.00
637.31
4638.10

3.87
1.29
1119.08
369.30
749.78
74.98
37.49
0.00
637.31
5275.41

3.87
1.29
1119.08
369.30
749.78
74.98
37.49
0.00
637.31
5912.72

3.87
1.29
1119.08
369.30
749.78
74.98
37.49
0.00
637.31
6550.03

3.87
1.29
1119.08
369.30
749.78
74.98
37.49
0.00
637.31
7187.34

3.87
1.29
1119.08
369.30
749.78
74.98
37.49
0.00
637.31
7824.65

3.87
1.29
1119.08
369.30
749.78
74.98
37.49
0.00
637.31
8461.96

3.87
1.29
1119.08
369.30
749.78
74.98
37.49
0.00
637.31
9099.27

3.87
1.29
1119.08
369.30
749.78
74.98
37.49
0.00
637.31
9736.58

3.87
1.29
1119.08
369.30
749.78
74.98
37.49
0.00
637.31
10373.89

3.87
1.29
1119.08
369.30
749.78
74.98
37.49
0.00
637.31
11011.20

23+5

16
35000
2151.38
1027.14
405.65
143.67
172.84
172.84
0.00
56.43
32.71

17
35000
2151.38
1027.14
405.65
143.67
172.84
172.84
0.00
56.43
32.71

18
35000
2151.38
1027.14
405.65
143.67
172.84
172.84
0.00
56.43
32.71

19
35000
2151.38
1027.14
405.65
143.67
172.84
172.84
0.00
56.43
32.71

Operating cost(excluding depreciation

(RMB Yuan/ kwh)
Calcula cost)
Composite cost(RMB yuan/kWh)
tion Rate of earnings on Self-raised capital
indexes (ROE)
Total return on total investment (ROI)

0.0260
0.0658
16.24%

0.0260
0.0658
16.24%

0.0260
0.0658
16.24%

0.0260
0.0658
16.24%

24+5

0.0260
0.0658
16.24%

0.0260
0.0658
16.24%

0.0260
0.0658
16.24%

0.0260
0.0658
16.24%

0.0260
0.0658
16.24%

0.0260
0.0658
16.24%

0.0260
0.0658
16.24%

-Cost and Income

Table 4
No.
1
2
2.1
2.2

2.3
2.4
2.5
2.6

2.7
3
3.1
3.2
3.3
4
5
6
6.1
6.2
6.3
6.40

Items

20
Installed capacity (kW)
35000
Income of power sales(RMB ten
2151.38
thousand
Total coseyuan)
of power generation(RMB
1027.14
ten thousand yuan)
of which subtotal of operating cost
405.65
Water charges and reservior
143.67
maintenance cost
Cost of operation and maintenance
172.84
Of which: For Power station(in stages) 172.84
For subproject
0.00
Payroll and welfare
56.43
Other expenses(insurance for fixed
32.71
assets)
Amortization costs
Depreciation cost
621.49
For power station
621.49
For subproject
0.00
Interest expense
0.00
Sales tax and surcharge
5.16
VAT
Additional urban construction tax
3.87
Education surcharge
1.29
Profit on sale
1119.08
Income tax
369.30
Profits available for distribution
749.78
Reserves
74.98
Welfare funds
37.49
Profits payable ( capital %)
0.00
Undistributed profits (available for
637.31
repayment of loan)
Accumulated undistributed profits
11648.51
Cost indexes

0
0
0.00
0.00

0
0
0.00
0.00

0
0
0.00
0.00

Operating period (years)

0
0
0
0
0
0
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

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
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
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
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

25+5

0
0
0.00
0.00

0
0
0.00
0.00

0
0
0.00
0.00

0
0
0.00
0.00

Operating cost(excluding depreciation

(RMB Yuan/ kwh)
Calcula cost)
Composite cost(RMB yuan/kWh)
tion Rate of earnings on Self-raised capital
indexes (ROE)
Total return on total investment (ROI)

0.0260
0.0658
16.24%

0.0000
0.0000
0.00%

0.0000
0.0000
0.00%

0.0000
0.0000
0.00%

26+5

0.0000
0.0000
0.00%

0.0000
0.0000
0.00%

0.0000
0.0000
0.00%

0.0000
0.0000
0.00%

0.0000
0.0000
0.00%

0.0000
0.0000
0.00%

0.0000
0.0000
0.00%

-Plan for Repayment of Loan

Table 5
No.

Items

Depreciation cost of power station

Depreciable life
Base of depreciation cost for
repaymentvalue
of loan
Residual
after depreciation
(including differences)
Factor of depreciation cost for repay
Depreciation cost available for
repayment of loan

Depreciation cost of subproject

Depreciable life
Base of depreciation cost for
repaymentvalue
of loan
Residual
after depreciation
(including differences)
Factor of depreciation cost for repay
Depreciation cost available for
repayment of loan

Total

Operating period (years)

5
6

12429.80
654.12
*
11186.80

1
621.49
0.00
90.00%
559.34

2
621.49
0.00
90.00%
559.34

3
621.49
0.00
90.00%
559.34

4
621.49
0.00
90.00%
559.34

5
621.49
0.00
90.00%
559.34

0.00

1
0.00

2
0.00

3
0.00

4
0.00

*
0.00

80.00%
0.00

80.00%
0.00

80.00%
0.00

Undistributed profits
Base of profits for repayment of
loan
Factor of profits for repayment of
loan(*)
Profits available for repayment of
loan

11648.51
*
10483.67

318.11
90.00%
286.30

370.37
90.00%
333.33

Other (CERs)

13079.00

653.95

Cost available for repayment of loan

Remaining amount of cost available
for repayment of loan after
repayment of principal

35403.59
0.00
574.55

6
621.49
0.00
90.00%
559.34

7
621.49
0.00
90.00%
559.34

8
621.49
0.00
90.00%
559.34

9
621.49
0.00
90.00%
559.34

5
0.00

6
0.00

7
0.00

8
0.00

9
0.00

80.00%
0.00

80.00%
0.00

80.00%
0.00

80.00%
0.00

80.00%
0.00

80.00%
0.00

424.27
90.00%
381.84

479.87
90.00%
431.88

537.21
90.00%
483.49

596.34
90.00%
536.71

637.31
90.00%
573.58

637.31
90.00%
573.58

637.31
90.00%
573.58

653.95

653.95

653.95

653.95

653.95

653.95

653.95

653.95

1499.59

1546.62

1595.13

1645.17

1696.78

1750.00

1786.87

1786.87

1786.87

0.00

0.00

0.00

0.00

0.00

574.55

0.00

0.00

0.00

27+8

-Plan for Repayment of Loan

Table 5

perating period (years)

No.

Items

10

11

12

13

14

15

16

17

18

19

10
621.49
0.00
90.00%
559.34

11
621.49
0.00
90.00%
559.34

12
621.49
0.00
90.00%
559.34

13
621.49
0.00
90.00%
559.34

14
621.49
0.00
90.00%
559.34

15
621.49
0.00
90.00%
559.34

16
621.49
0.00
90.00%
559.34

17
621.49
0.00
90.00%
559.34

18
621.49
0.00
90.00%
559.34

19
621.49
0.00
90.00%
559.34

10
0.00

11
0.00

12
0.00

13
0.00

14
0.00

15
0.00

16
0.00

17
0.00

18
0.00

19
0.00

80.00%
0.00

80.00%
0.00

80.00%
0.00

80.00%
0.00

80.00%
0.00

80.00%
0.00

80.00%
0.00

80.00%
0.00

80.00%
0.00

80.00%
0.00

Undistributed profits
Base of profits for repayment of
loan
Factor of profits for repayment of
loan(*)
Profits available for repayment of
loan

637.31
90.00%
573.58

637.31
90.00%
573.58

637.31
90.00%
573.58

637.31
90.00%
573.58

637.31
90.00%
573.58

637.31
90.00%
573.58

637.31
90.00%
573.58

637.31
90.00%
573.58

637.31
90.00%
573.58

637.31
90.00%
573.58

Other (CERs)

653.95

653.95

653.95

653.95

653.95

653.95

653.95

653.95

653.95

653.95

Cost available for repayment of loan 1786.87

Remaining amount of cost available
for repayment of loan after
0.00
repayment of principal

1786.87

1786.87

1786.87

1786.87

1786.87

1786.87

1786.87

1786.87

1786.87

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

Depreciation cost of power station

Depreciable life
Base of depreciation cost for
repaymentvalue
of loan
Residual
after depreciation
(including differences)
Factor of depreciation cost for repay
Depreciation cost available for
repayment of loan

Depreciation cost of subproject

Depreciable life
Base of depreciation cost for
repaymentvalue
of loan
Residual
after depreciation
(including differences)
Factor of depreciation cost for repay
Depreciation cost available for
repayment of loan

28+8

Table 5
No.

Items

Depreciation cost of power station

Depreciable life
Base of depreciation cost for
repaymentvalue
of loan
Residual
after depreciation
(including differences)
Factor of depreciation cost for repay
Depreciation cost available for
repayment of loan

Depreciation cost of subproject

Depreciable life
Base of depreciation cost for
repaymentvalue
of loan
Residual
after depreciation
(including differences)
Factor of depreciation cost for repay
Depreciation cost available for
repayment of loan

20
20
621.49
654.12
90.00%
559.34

20
0.00
80.00%
0.00

Undistributed profits
Base of profits for repayment of
loan
Factor of profits for repayment of
loan(*)
Profits available for repayment of
loan

637.31
90.00%
573.58

Other (CERs)

653.95

Cost available for repayment of loan 2440.99

Remaining amount of cost available
for repayment of loan after
0.00
repayment of principal

29+8

-Plan for Repayment of Loan

Table 5
No.

Items

Depreciation cost of power station

Depreciable life
Base of depreciation cost for
repaymentvalue
of loan
Residual
after depreciation
(including differences)
Factor of depreciation cost for repay
Depreciation cost available for
repayment of loan

Depreciation cost of subproject

Depreciable life
Base of depreciation cost for
repaymentvalue
of loan
Residual
after depreciation
(including differences)
Factor of depreciation cost for repay
Depreciation cost available for
repayment of loan

0
0.00
0.00
0.00%
0.00

0
0.00
0.00
0.00%
0.00

0
0.00
0.00
0.00%
0.00

0
0.00
0.00
0.00%
0.00

0
0.00
0.00
0.00%
0.00

0
0.00
0.00
0.00%
0.00

0
0.00
0.00
0.00%
0.00

0
0.00
0.00
0.00%
0.00

0
0.00
0.00
0.00%
0.00

0
0.00
0.00
0.00%
0.00

0
0.00

0
0.00

0
0.00

0
0.00

0
0.00

0
0.00

0
0.00

0
0.00

0
0.00

0
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

Undistributed profits
Base of profits for repayment of
loan
Factor of profits for repayment of
loan(*)
Profits available for repayment of
loan

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

Other (CERs)

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

Cost available for repayment of loan

Remaining amount of cost available
for repayment of loan after
repayment of principal

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

30+8

Table 6

-Statement of Repayment of Principal and Payment of Interest

No.

Items
Parameter
Long-term loan and repayment of
principal and payment of interest
1
6.12%
(Compound
rate=
%)
Beginning bal.
of loan
1.1
Repayment of principal and payment of
1.2
interest in current period
1.2.1 Principal
1.2.2 Payment of interest
Ending bal. of loan
1
1.1
1.2
1.2.1
1.2.2

Short-term loan and repayment of

principal and payment of interest
(Simple
interest
Beginning
bal. ofrate=
loan %)
Repayment of principal and payment of
interest in current period
Principal
Payment of interest
Ending bal. of loan

2
2.1
2.2
2.3
2.4

Sources of fund for repayment of loan

Depreciation cost available for
repayment of loan
Profits available for repayment of loan
Interest included in cost
Other (CERs)

Years for repayment of loan during

production period
Plan years for repayment of loan
Repayment of loan in the end of
current
year repayment of loan in the
Accumulated
end of current year
Years for repayment of loan ( including
Calcula construction period)
tion Interest coverage rate (ICR)
indexes Debt coverage ratio(DSCR)

3
3.1
3.2
3.3

Total

Operating period (years)

4
5

11660.81
9733.29
1927.52

9158.74
2060.10
1499.59
560.51
7659.15

7659.15
2015.36
1546.62
468.74
6112.53

6112.53
1969.22
1595.13
374.09
4517.40

4517.40
1921.63
1645.17
276.46
2872.23

2872.23
1872.56
1696.78
175.78
1175.45

1175.45
1821.94
1750.00
71.94
-574.55

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

0.00
0.00
0.00
0.00
0.00

11660.81
3356.04
2453.55
1927.52
3923.70

2060.10
559.34
286.30
560.51
653.95

2015.36
559.34
333.33
468.74
653.95

1969.22
559.34
381.84
374.09
653.95

1921.63
559.34
431.88
276.46
653.95

1872.56
559.34
483.49
175.78
653.95

1821.94
559.34
536.71
71.94
653.95

653.95
0.00
0.00
0.00
653.95

653.95
0.00
0.00
0.00
653.95

0.00

6
1821.94
-574.55

0.00

0.00

0.00%

6.00
1821.94
-574.55
8.68
8.81
1.24

0.00

0.00

0.00

0.00

Construction Period 3 years + Operation Period 6 years + (-574.55 1821.94) years = 8.68 years
3.16
3.78
4.74
6.41
10.09
24.65
0.00
0.00
1.16
1.19
1.22
1.25
1.28
1.31
0.00
0.00

31+11

Table 6

-Statement of Repayment of Principal and Payment of Interest

No.

Calculation period (years)

13
14
15

Items
Long-term loan and repayment of
principal and payment of interest
1
(Compound
rate=
%)
Beginning bal.
of loan
1.1
Repayment of principal and payment of
1.2
interest in current period
1.2.1 Principal
1.2.2 Payment of interest
Ending bal. of loan

10

11

12

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

1
1.1
1.2
1.2.1
1.2.2

Short-term loan and repayment of

principal and payment of interest
(Simple
interest
Beginning
bal. ofrate=
loan %)
Repayment of principal and payment of
interest in current period
Principal
Payment of interest
Ending bal. of loan

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

2
2.1
2.2
2.3
2.4

Sources of fund for repayment of loan

Depreciation cost available for
repayment of loan
Profits available for repayment of loan
Interest included in cost
Other (CERs)

653.95
0.00
0.00
0.00
653.95

653.95
0.00
0.00
0.00
653.95

653.95
0.00
0.00
0.00
653.95

653.95
0.00
0.00
0.00
653.95

0.00

0.00

0.00

0.00
0.00

0.00
0.00

0.00
0.00

Years for repayment of loan during

production period
Plan years for repayment of loan
Repayment of loan in the end of
current
year repayment of loan in the
Accumulated
end of current year
Years for repayment of loan ( including
Calcula construction period)
tion Interest coverage rate (ICR)
indexes Debt coverage ratio(DSCR)

3
3.1
3.2
3.3

16

17

18

19

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
0.00
0.00

0.00
0.00
0.00
0.00
0.00

653.95
0.00
0.00
0.00
653.95

653.95
0.00
0.00
0.00
653.95

653.95
0.00
0.00
0.00
653.95

653.95
0.00
0.00
0.00
653.95

653.95
0.00
0.00
0.00
653.95

653.95
0.00
0.00
0.00
653.95

653.95
0.00
0.00
0.00
653.95

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

32+11

Table 6

-Statement of Repayment of Principal and Payment of Interest

No.

()
0

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
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
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

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

Items
Long-term loan and repayment of
principal and payment of interest
1
(Compound
rate=
%)
Beginning bal.
of loan
1.1
Repayment of principal and payment of
1.2
interest in current period
1.2.1 Principal
1.2.2 Payment of interest
Ending bal. of loan

20

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

1
1.1
1.2
1.2.1
1.2.2

Short-term loan and repayment of

principal and payment of interest
(Simple
interest
Beginning
bal. ofrate=
loan %)
Repayment of principal and payment of
interest in current period
Principal
Payment of interest
Ending bal. of loan

0.00
0.00
0.00
0.00
0.00

0.00
0.00
0.00
0.00
0.00

2
2.1
2.2
2.3
2.4

Sources of fund for repayment of loan

Depreciation cost available for
repayment of loan
Profits available for repayment of loan
Interest included in cost
Other (CERs)

653.95
0.00
0.00
0.00
653.95

Years for repayment of loan during

production period
Plan years for repayment of loan
Repayment of loan in the end of
current
year repayment of loan in the
Accumulated
end of current year
Years for repayment of loan ( including
Calcula construction period)
tion Interest coverage rate (ICR)
indexes Debt coverage ratio(DSCR)

3
3.1
3.2
3.3

33+11

-Statement of Application of Fund

Table 7
No.

Construction period (years)

1
2
3
5091.19
4316.10
3676.63

Items

Total

1
1.1
1.2
1.3
1.4
1.4.1
1.4.2
1.5
1.6
1.7
1.8
1.9

Sub-total of fund sources

Profit on sale
Depreciation cost
Amortization of cost
Investment in fixed assets (long
term
loan)(paid up capital,including
Capital
subproject)
Loanand
(financing)
Loan
interest incurred during
construction period (long term
loan)
Other (CERs)
Interest income included in cost
Residual value of fixed assets
recovered
floating capital recovered

61628.44
20454.08
12429.80
0
12417.20
3925.18
8492.02
666.72
13079.00
1927.52
654.12
0.00

2
2.1
2.1.1
2.1.2
2.2
2.4
2.5
2.6
2.7
2.8
2.8.1
2.8.2
2.8.3

Sub-total of application of fund

Investment in fixed assets
Self-raised Capital (paid up
capital, including subproject)
Loan (financing)
Interest paid during construction
period
floating capital
Income tax(free for beginning 2
years, half for last 3 years)

33550.30
12417.20
3925.18
8492.02
666.72
0.00
6749.90
0.00
2055.67
11660.81
9733.29
1927.52
0.00

5091.19
5056.57
3925.18
1131.39
34.62
0.00

28078.14
28078.14

0.00
0.00

Provision of reserves and legal

public welfare
fundand payment of
Repayment
of loan
interest thereon
Repayment of long-term loan
Payment of interest on long-term
loan
Payment of interest on short-term
loan

Surplus funds
Calcula Accumulated surplus funds
tion
indexes

5056.57
3925.18
1131.39
34.62

4118.71
0.00
4118.71
197.39

4316.10
4118.71
0.00
4118.71
197.39
0.00

0.00
0.00

1
2394.52
558.57
621.49

2
2394.52
650.34
621.49

Operating period (years)

3
4
5
2394.52
2394.52
2394.52
744.99
842.62
943.30
621.49
621.49
621.49

653.95
560.51
0.00
0.00

653.95
468.74
0.00
0.00

653.95
374.09
0.00
0.00

653.95
276.46
0.00
0.00

653.95
175.78
0.00
0.00

653.95
71.94
0.00
0.00

653.95
0.00
0.00
0.00

2300.56

2295.33

2289.94

2284.38

2278.65

2272.74

481.77

184.33
0.00
56.13
2060.10
1499.59
560.51
0.00

214.61
0.00
65.36
2015.36
1546.62
468.74
0.00

245.85
0.00
74.87
1969.22
1595.13
374.09
0.00

278.06
0.00
84.69
1921.63
1645.17
276.46
0.00

311.29
0.00
94.80
1872.56
1696.78
175.78
0.00

345.56
0.00
105.24
1821.94
1750.00
71.94
0.00

369.30
0.00
112.47
0.00
0.00
0.00
0.00

93.96
93.96

99.19
193.15

104.58
297.73

110.14
407.87

115.87
523.74

121.78
645.52

1912.75
2558.27

6
2394.52
1047.14
621.49

7
2394.52
1119.08
621.49

3241.92
0.00
3241.92
434.71

3676.63
3241.92
0.00
3241.92
434.71
0.00

0.00
0.00

34+14

Calcula
f whitch:1 Remaining depraciation
tion
9727.88
cost after loan repayment
indexes 2 Remaining benefits after loan
9194.96
repayment
3 Remaining other benefits after
9155.30
loan repayment
Note: Current funds of "accumulated surplus funds" are recovered at the end of the period.

35+14

-Statement of Application of Fund

Table 7
No.

Items

1
1.1
1.2
1.3
1.4
1.4.1
1.4.2
1.5
1.6
1.7
1.8
1.9

Sub-total of fund sources

Profit on sale
Depreciation cost
Amortization of cost
Investment in fixed assets (long
term
loan)(paid up capital,including
Capital
subproject)
Loanand
(financing)
Loan
interest incurred during
construction period (long term
loan)
Other (CERs)
Interest income included in cost
Residual value of fixed assets
recovered
floating capital recovered

2
2.1
2.1.1
2.1.2
2.2
2.4
2.5
2.6
2.7
2.8
2.8.1
2.8.2
2.8.3

Sub-total of application of fund

Investment in fixed assets
Self-raised Capital (paid up
capital, including subproject)
Loan (financing)
Interest paid during construction
period
floating capital
Income tax(free for beginning 2
years, half for last 3 years)
Provision of reserves and legal
public welfare
fundand payment of
Repayment
of loan
interest thereon
Repayment of long-term loan
Payment of interest on long-term
loan
Payment of interest on short-term
loan

Surplus funds
Calcula Accumulated surplus funds
tion
indexes

8
2394.52
1119.08
621.49

9
2394.52
1119.08
621.49

10
2394.52
1119.08
621.49

11
2394.52
1119.08
621.49

Operating period (years)

12
13
14
15
2394.52
2394.52
2394.52
2394.52
1119.08
1119.08
1119.08
1119.08
621.49
621.49
621.49
621.49

653.95
0.00
0.00
0.00

653.95
0.00
0.00
0.00

653.95
0.00
0.00
0.00

653.95
0.00
0.00
0.00

653.95
0.00
0.00
0.00

653.95
0.00
0.00
0.00

653.95
0.00
0.00
0.00

653.95
0.00
0.00
0.00

653.95
0.00
0.00
0.00

653.95
0.00
0.00
0.00

653.95
0.00
0.00
0.00

481.77

481.77

481.77

481.77

481.77

481.77

481.77

481.77

481.77

481.77

481.77

369.30
0.00
112.47
0.00
0.00
0.00
0.00

369.30
0.00
112.47
0.00
0.00
0.00
0.00

369.30
0.00
112.47
0.00
0.00
0.00
0.00

369.30
0.00
112.47
0.00
0.00
0.00
0.00

369.30
0.00
112.47
0.00
0.00
0.00
0.00

369.30
0.00
112.47
0.00
0.00
0.00
0.00

369.30
0.00
112.47
0.00
0.00
0.00
0.00

369.30
0.00
112.47
0.00
0.00
0.00
0.00

369.30
0.00
112.47
0.00
0.00
0.00
0.00

369.30
0.00
112.47
0.00
0.00
0.00
0.00

369.30
0.00
112.47
0.00
0.00
0.00
0.00

1912.75
4471.02

1912.75
6383.77

1912.75
8296.52

1912.75
10209.27

1912.75
12122.02

1912.75
14034.77

1912.75
15947.52

1912.75
17860.27

1912.75
19773.02

1912.75
21685.77

1912.75
23598.52

36+14

16
2394.52
1119.08
621.49

17
2394.52
1119.08
621.49

18
2394.52
1119.08
621.49

Calcula
f whitch:1 Remaining depraciation
tion
cost after loan repayment
indexes 2 Remaining benefits after loan
repayment
3 Remaining other benefits after
loan repayment
Note: Current funds of "accumulated surplus funds" are recovered at the end of the period.

37+14

Table 7
Operating period (years)

No.

Items

1
1.1
1.2
1.3
1.4
1.4.1
1.4.2
1.5
1.6
1.7
1.8
1.9

Sub-total of fund sources

Profit on sale
Depreciation cost
Amortization of cost
Investment in fixed assets (long
term
loan)(paid up capital,including
Capital
subproject)
Loanand
(financing)
Loan
interest incurred during
construction period (long term
loan)
Other (CERs)
Interest income included in cost
Residual value of fixed assets
recovered
floating capital recovered

2
2.1
2.1.1
2.1.2
2.2
2.4
2.5
2.6
2.7
2.8
2.8.1
2.8.2
2.8.3

Sub-total of application of fund

Investment in fixed assets
Self-raised Capital (paid up
capital, including subproject)
Loan (financing)
Interest paid during construction
period
floating capital
Income tax(free for beginning 2
years, half for last 3 years)
Provision of reserves and legal
public welfare
fundand payment of
Repayment
of loan
interest thereon
Repayment of long-term loan
Payment of interest on long-term
loan
Payment of interest on short-term
loan

Surplus funds
Calcula Accumulated surplus funds
tion
indexes

38+14

19
2394.52
1119.08
621.49

653.95
0.00
0.00
0.00
481.77

369.30
0.00
112.47
0.00
0.00
0.00
0.00
1912.75
25511.27

Calcula
f whitch:1 Remaining depraciation
tion
cost after loan repayment
indexes 2 Remaining benefits after loan
repayment
3 Remaining other benefits after
loan repayment
Note: Current funds of "accumulated surplus funds" are recovered at the end of the period.

39+14

-Statement of Application of Fund

Table 7
No.

Items

1
1.1
1.2
1.3
1.4
1.4.1
1.4.2
1.5
1.6
1.7
1.8
1.9

Sub-total of fund sources

Profit on sale
Depreciation cost
Amortization of cost
Investment in fixed assets (long
term
loan)(paid up capital,including
Capital
subproject)
Loanand
(financing)
Loan
interest incurred during
construction period (long term
loan)
Other (CERs)
Interest income included in cost
Residual value of fixed assets
recovered
floating capital recovered

2
2.1
2.1.1
2.1.2
2.2
2.4
2.5
2.6
2.7
2.8
2.8.1
2.8.2
2.8.3

Sub-total of application of fund

Investment in fixed assets
Self-raised Capital (paid up
capital, including subproject)
Loan (financing)
Interest paid during construction
period
floating capital
Income tax(free for beginning 2
years, half for last 3 years)
Provision of reserves and legal
public welfare
fundand payment of
Repayment
of loan
interest thereon
Repayment of long-term loan
Payment of interest on long-term
loan
Payment of interest on short-term
loan

Surplus funds
Calcula Accumulated surplus funds
tion
indexes

20
3048.64
1119.08
621.49

0
0.00
0.00
0.00

0
0.00
0.00
0.00

0
0.00
0.00
0.00

Operating
0
0.00
0.00
0.00

653.95
0.00
654.12
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

481.77

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

369.30
0.00
112.47
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
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

2566.87
28078.14

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

40+14

period (years)
0
0
0.00
0.00
0.00
0.00
0.00
0.00

0
0.00
0.00
0.00

0
0.00
0.00
0.00

0
0.00
0.00
0.00

0
0.00
0.00
0.00

Calcula
f whitch:1 Remaining depraciation
tion
cost after loan repayment
indexes 2 Remaining benefits after loan
repayment
3 Remaining other benefits after
loan repayment
Note: Current funds of "accumulated surplus funds" are recovered at the end of the period.

41+14

-Balance Sheet

Table 8
No.

Items

1
1.1
1.1.1
1.1.2
1.2
1.3
1.4
1.5

Asset
Total of floating capital
Floating capital
Accumulated surplus funds
the project on constructing
net value of fixed asset
Intangible assets &
Deferred
assetsfund and a
public
welfare
reserve fund

2
2.1
3.2

Balance sheet(2.1+2.2)
Total Long-Term Liabilities
Total short-Term
Liabilities(floating capital)

2.3
2.3.1
2.3.2
2.3.3
2.3.4
2.3.5
2.3.6

Owner's Equity
self-raising of funds(fixed
assets)
self-raising of
funds(floating capital)
capital reserve
public welfare fund and a
reserve fund
unappropriated profits
other income (CERs)

Assets Liabilities Ratio

Calcula (LOAR)
tion Owner's equity
indexes the rate of total value

Value at the
ending period
30133.81
28078.14

Construction period (years)

1
2
3
5091.19
9407.29
13083.92
0.00
0.00
0.00
0.00
0.00
0.00

28078.14
5091.19

9407.29

12462.43
0.00
56.13

11840.94
0.00
121.49

11219.45
0.00
196.36

10597.96
0.00
281.05

9976.47
0.00
375.85

9354.98
0.00
481.09

8733.49
0.00
593.56

6
10481.59
645.52
0.00
645.52

7
11885.32
2558.27
0.00
2558.27

1166.01
1166.01
0.00

5482.11
5482.11
0.00

9158.74
9158.74
0.00

7659.15
7659.15
0.00

6112.53
6112.53
0.00

4517.40
4517.40
0.00

2872.23
2872.23
0.00

1175.45
1175.45
0.00

0.00
-574.55
0.00

0.00
0.00
0.00

3925.18
3925.18
0.00

3925.18
3925.18
0.00

3925.18
3925.18
0.00

4953.37
3925.18
0.00
0.00
56.13
318.11
653.95

6043.05
3925.18
0.00
0.00
121.49
688.48
1307.90

7196.14
3925.18
0.00
0.00
196.36
1112.75
1961.85

8414.65
3925.18
0.00
0.00
281.05
1592.62
2615.80

9700.61
3925.18
0.00
0.00
375.85
2129.83
3269.75

10481.59
3925.18
0.00
-574.55
481.09
2726.17
3923.70

11885.32
3925.18
0.00
-574.55
593.56
3363.48
4577.65

22.90%
77.10%
100.00%

58.28%
41.72%
100.00%

70.00%
30.00%
100.00%

60.73%
39.27%
100.00%

50.29%
49.71%
100.00%

38.57%
61.43%
100.00%

25.45%
74.55%
100.00%

10.81%
89.19%
100.00%

0.00%
100.00%
100.00%

0.00%
100.00%
100.00%

-574.55
2055.67
11648.51
13079.00
70.00%

2
12155.58
193.15
0.00
193.15

13083.92

0.00
2055.67

30133.81
3925.18

1
12612.52
93.96
0.00
93.96

Operating period (years)

3
4
5
11713.54
11286.88
10876.06
297.73
407.87
523.74
0.00
0.00
0.00
297.73
407.87
523.74

42+17

-Balance Sheet

Table 8
No.

Items

1
1.1
1.1.1
1.1.2
1.2
1.3
1.4
1.5

Asset
Total of floating capital
Floating capital
Accumulated surplus funds
the project on constructing
net value of fixed asset
Intangible assets &
Deferred
assetsfund and a
public
welfare
reserve fund

2
2.1
3.2

Balance sheet(2.1+2.2)
Total Long-Term Liabilities
Total short-Term
Liabilities(floating capital)

2.3
2.3.1
2.3.2
2.3.3
2.3.4
2.3.5
2.3.6

Owner's Equity
self-raising of funds(fixed
assets)
self-raising of
funds(floating capital)
capital reserve
public welfare fund and a
reserve fund
unappropriated profits
other income (CERs)

Assets Liabilities Ratio

Calcula (LOAR)
tion Owner's equity
indexes the rate of total value

8
13289.05
4471.02
0.00
4471.02

9
14692.78
6383.77
0.00
6383.77

10
16096.51
8296.52
0.00
8296.52

11
17500.24
10209.27
0.00
10209.27

Operating period (years)

12
13
14
18903.97 20307.70 21711.43
12122.02 14034.77 15947.52
0.00
0.00
0.00
12122.02 14034.77 15947.52

8112.00
0.00
706.03

7490.51
0.00
818.50

6869.02
0.00
930.97

6247.53
0.00
1043.44

5626.04
0.00
1155.91

5004.55
0.00
1268.38

4383.06
0.00
1380.85

3761.57
0.00
1493.32

3140.08
0.00
1605.79

2518.59
0.00
1718.26

1897.10
0.00
1830.73

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

13289.05
3925.18
0.00
-574.55
706.03
4000.79
5231.60

14692.78
3925.18
0.00
-574.55
818.50
4638.10
5885.55

16096.51
3925.18
0.00
-574.55
930.97
5275.41
6539.50

17500.24
3925.18
0.00
-574.55
1043.44
5912.72
7193.45

18903.97
3925.18
0.00
-574.55
1155.91
6550.03
7847.40

20307.70
3925.18
0.00
-574.55
1268.38
7187.34
8501.35

21711.43
3925.18
0.00
-574.55
1380.85
7824.65
9155.30

23115.16
3925.18
0.00
-574.55
1493.32
8461.96
9809.25

24518.89
3925.18
0.00
-574.55
1605.79
9099.27
10463.20

25922.62
3925.18
0.00
-574.55
1718.26
9736.58
11117.15

27326.35
3925.18
0.00
-574.55
1830.73
10373.89
11771.10

0.00%
100.00%
100.00%

0.00%
100.00%
100.00%

0.00%
100.00%
100.00%

0.00%
100.00%
100.00%

0.00%
100.00%
100.00%

0.00%
100.00%
100.00%

0.00%
100.00%
100.00%

0.00%
100.00%
100.00%

0.00%
100.00%
100.00%

0.00%
100.00%
100.00%

0.00%
100.00%
100.00%

43+17

15
23115.16
17860.27
0.00
17860.27

16
24518.89
19773.02
0.00
19773.02

17
25922.62
21685.77
0.00
21685.77

18
27326.35
23598.52
0.00
23598.52

-Balance Sheet

Table 8
No.

Items

1
1.1
1.1.1
1.1.2
1.2
1.3
1.4
1.5

Asset
Total of floating capital
Floating capital
Accumulated surplus funds
the project on constructing
net value of fixed asset
Intangible assets &
Deferred
assetsfund and a
public
welfare
reserve fund

2
2.1
3.2

Balance sheet(2.1+2.2)
Total Long-Term Liabilities
Total short-Term
Liabilities(floating capital)

2.3
2.3.1
2.3.2
2.3.3
2.3.4
2.3.5
2.3.6

Owner's Equity
self-raising of funds(fixed
assets)
self-raising of
funds(floating capital)
capital reserve
public welfare fund and a
reserve fund
unappropriated profits
other income (CERs)

Assets Liabilities Ratio

Calcula (LOAR)
tion Owner's equity
indexes the rate of total value

19
28730.08
25511.27
0.00
25511.27

20
30133.81
28078.14
0.00
28078.14

0
0.00
0.00
0.00
0.00

0
0.00
0.00
0.00
0.00

Operating period (years)

0
0
0
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

1275.61
0.00
1943.20

0.00
0.00
2055.67

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

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

28730.08
3925.18
0.00
-574.55
1943.20
11011.20
12425.05

30133.81
3925.18
0.00
-574.55
2055.67
11648.51
13079.00

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
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%
100.00%
100.00%

0.00%
100.00%
100.00%

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%

44+17

0
0.00
0.00
0.00
0.00

0
0.00
0.00
0.00
0.00

0
0.00
0.00
0.00
0.00

0
0.00
0.00
0.00
0.00

0
0.00
0.00
0.00
0.00

-Statement of Sensitivity Analysis

Table 9

Total Investment
Statement of Sensitivity Analysis and Calculation
No.
1
2
3
4

Fluctuate indexes
Grid Price (RMB yuan/kWh)
FIRR
Static Total Investment(RMB 10,000yuan)
FIRR
Annual Operating Cost(RMB 10,000yuan)
FIRR
Annual on grid electricity(10,000kwh)
FIRR

Base

10%

+10%
0.1517
9.79%

14900.64
6.92%

14279.78
7.31%

13658.92
7.73%

13038.06
8.18%

12417.20
8.67%

11796.34
9.19%

11175.48
9.77%

10554.62
10%

405.65

486.78
8.23%

466.50
8.34%

446.22
8.45%

425.93
8.56%

405.65
8.67%

385.37
8.78%

365.09
8.88%

344.80
8.99%

15600.99

18721.19
10.86%

17941.14
10%

17161.09
9.79%

16381.04
9.23%

15600.99
8.67%

14820.94
8.09%

14040.89
7.50%

13260.84
6.89%

0.1379
12417.20

20%
0.1655
10.86%

15%
0.1586

Note: 1FIRR of total investment is:8.67%

2With21years' CERS, FIRR of total investment is:13.4%

45+20

+5%
0.1448
9.23%

0%
0.1379
8.67%

-5%
0.1310
8.09%

-10%
0.1241
7.50%

-15%
0.1172
6.89%

-20%
0.1103
6.27%
9933.76
11.09%
324.52
9.10%
12480.79
6.27%

46+20

-Summary of Indicators

Table 10
No.

1
2
3
4
5
6
7
8

Items
Basic parameters
Installed capacity
Annual utilization hours
Effective power factor
Rate of power consumption by plant
General loss in Transmission and
Transformation of electricity
Electricity supplied to grid
The operating period of power station
Depreciable life of fixed assets
1. Formation rate of fixed assets
2. Residual value rate of fixed assets
after depreciation
3. Depreciation rate of fixed assets
Rate on long-term loan
Rate on short-term loan
Grid price
Emission reduction of CO2
Unit income from CERs
Period of income from CERs
Income from CERs
Investment in construction and Sources
of fund
Total dynamic investment:
Of whitch Total static investment:
Interest incurred during construction
period
Floating capital
Original value of fixed assets
Self-raised capital
In which: 1. Used as current funds
2. Used for investment in fixed assets)
Long-term loan
In which: 1. Fund from long-term loan
2. Interest on long-term loan
Short-term loan
Investment per kW:

9
10
11
12
13
14
15

2
3

5
6

Rate of loss/gain
Sales tax and surcharges
Of which: 1.VAT rate
2. Additional urban construction tax
3. Education surcharges
Income tax rate
Reserves
Welfare funds
Profits payable ( capital %)
Water charges and reservior maint
Insurance for fixed assets

2
3
4
5
6
7

1
2
3
4
5
6
7

Calculation parameters
Accumulated net cash flows after
income tax
Internal return rate of full investment
(FIRR )
Period (years) for repayment of loan
Static investment recovery period (Pt)
Interest coverage rate (ICR> 1)
Debt coverage ratio(DSCR> 1)

47+21

Unit

Calculation indexes

kW
h/year
%
%
%
10,000kWh
year
year
%
%
%
%
%
RMB Yuan/kwh
Ton/year
RMB Yuan/ton
Year
10,000 RMB /year

35000
5131
90.00
1.00
2.50
15600.99
20
20
100.00
5.00
4.75
6.12
0.00
0.1379
127343
80
21.00
653.95

RMB 10,000 Yuan

RMB 10,000 Yuan
RMB 10,000 Yuan
RMB 10,000 Yuan
RMB 10,000 Yuan
RMB 10,000 Yuan
RMB 10,000 Yuan
RMB 10,000 Yuan
RMB 10,000 Yuan
RMB 10,000 Yuan
RMB 10,000 Yuan
RMB 10,000 Yuan
RMB Yuan/Kw

13083.92
12417.20
666.72
0.00
13083.92
3925.18
0.00
3925.18
9158.74
8492.02
666.72
0.00
3738.26

%
%
%
%
%
%
%
%
RMB Yuan/kwh
%

0.24
6.00
3.00
1.00
33.00
10.00
5.00
0.00
0.008
0.25

RMB Yuan 10,000

%
%
year
year

2966.54
13.4
8.67
8.68
8.82
8.81
1.24

Rate of earnings on self-rasied capital

8
(ROE)
9 Return on total investment (ROI)

48+21

%
%

11.71
8.55

Summary of Indicators
Remarks

Construction period is not included in the operating period of power

station (year) will be provided on a straight-line basis from the first
Depreciation
year ofofproduction
period
by straight
method.
Ratio
original value
of fixed
assetsline
to total
investment (dynamic
investment).
The residual value of fixed assets will be recovered at one time.
Provide for depreciation based on original value of fixed assets
Calculate based on compound rate.
Calculate based on single rate.(composite of many loans)
Price of electricity (without VAT)

After-tax rate.21years' total income is: 13732.95 ten thousand yuan.

Including price differences.

Interest incurred during construction period will be included in the
original value of fixed assets.
Including investment for electricity transforming subproject.
Used for investment in fixed assets
Interest incurred during construction period

Composite tax rate

Rate of Sales tax
VAT surcharges
VAT surcharges
Income tax
Reserves provided on profits after tax
Expense settlement on sales of electricity
Insure fixed assets based on original value.
Total investmentDiscount rate Ic =
After-tax income with21 years' CERS.
After-tax rate without income from CERS

10 %

Including construction Period of3years

Ratio of EBIT to interest included in cost.
Ratio of EBIT+ depreciation +amortization to interest payable and
principal repayable

49+21

dividing EBIT by self capital

dividing EBIT by Total investment

50+21