Valuation on Quarry

date of valuation : 2016

2002 2016
I) EST'D GROSS ANNUAL INCOME
Estimated sales of Aggregtes production RM 20,250,000 RM 17,500,000

II) EST'D ANNUAL PRODUCTION COST/EXPD

variable costs :
(a) Blasting & Drilling RM 1,065,000 RM 850,000
(b) Loading & Transporting RM 1,746,000 RM 950,000
(c) Crushing RM 3,345,000 RM 2,500,000
(d) Royalty RM 1,730,769 RM 1,225,000
Fixed costs :
(e) Repair & Maintainance RM 561,000 RM 561,000
(f) Salary & Wages RM 1,185,000 RM 1,185,000
(g) Administration cost RM 456,000 RM 456,000
Total Production Cost/Expenditure : RM 10,088,769 RM 7,727,000

III) NET PROFIT RM 10,161,231 RM 9,773,000

LESS -TENANT'S SHARE

IV) INTEREST OF CAPITAL INVESTMENTS
Working capital @9% of production cost RM 907,989 RM 695,430
Plant & Machinery & Equipment RM 1,016,080 RM 711,256
RM 1,924,069 RM 1,406,686

V) DIVISIBLE BALANCE RM 8,237,162 RM 8,366,314

VI) OPERATOR'S PROFIT @20% RM 1,647,432 RM 1,673,263

VII) LAND RENT (NET RENT) RM 6,589,729 RM 6,693,051

VIII) CAPITALISATION OF LAND RENT @ 12% 0.89286 0.89286

CAPITAL VALUE RM 5,975,938.57

 2017 2018 2019

RM 20,000,000 RM 20,500,000 RM 22,000,000

RM 900,000 RM 950,000 RM 1,000,000

RM 1,500,000 RM 1,700,000 RM 2,000,000
RM 3,000,000 RM 3,000,000 RM 3,200,000
RM 1,600,000 RM 1,640,000 RM 1,980,000

RM 561,000 RM 561,000 RM 561,000

RM 1,185,000 RM 1,185,000 RM 1,185,000
RM 456,000 RM 456,000 RM 456,000
RM 9,202,000 RM 9,492,000 RM 10,382,000

RM 10,798,000 RM 11,008,000 RM 11,618,000

RM 828,180 RM 854,280 RM 934,380

RM 711,256 RM 711,256 RM 711,256
RM 1,539,436 RM 1,565,536 RM 1,645,636

RM 9,258,564 RM 9,442,464 RM 9,972,364

RM 1,851,713 RM 1,888,493 RM 1,994,473

RM 7,406,851 RM 7,553,971 RM 7,977,891

0.79719 0.71178 0.63552

RM 5,904,696.43 RM 5,376,767.49 RM 5,070,094.09

NPV RM 22,327,496.58