Economic analysis
Investments and incomes of the Sports Complex with Sport Hotel with **** in Nova Varos
Economic – financial analysis in the business plan reduces all quantitative indicators presented in the technological-technical analysis to synthetic value-related indicators. After completing the financial construction, purchase of equipment and construction of the buildings with installations and infrastructure will be made. The scheduled term for the investment completion is end 2010, with estimate of the effects starting as of 01.01.2011.
In the first year of operation, the buildings will utilize a capacity of 65%, and first full-capacity operating year will start as of 01.01.2012. Effects, expenses and evaluation of the program were made cumulatively for the Sports Complex as a whole, in view of the fact that, for the time being, in organizational terms, it makes an economic entity.
When calculating and presenting the financial indicators, particularly in the part where summary reviews were formed and calculated, all legal regulations were used relating to this field in the Republic of Serbia
CALENDAR OF INVESTMENTS IN THE CONSTRUCTION OF SPORTS CENTER WITH SPORT HOTEL IN NOVA VAROS, PER YEARS (in €) |
||||||
|
Type of works |
% share |
2008 |
2009 |
2010 |
Total per type of works (in €) |
A |
Construction |
|
|
|
|
|
1 |
Site clearing – earth works |
12 % |
2.080.238 |
|
|
2.080.238 |
2 |
Rough construction works |
41 % |
|
7.007.153 |
|
7.007.153 |
3 |
Installations - Ej, Es, M, H |
22 % |
|
433.579 |
2.825.352 |
3.258.931 |
4 |
Handicraft works |
25 % |
|
|
3.606.313 |
3.606.313 |
TOTAL PER YEAR |
|
2.080.238 |
7.440.732 |
6.431.665 |
15.952.635 |
|
B |
Equipping |
|
|
|
|
|
1 |
Installation of equipment |
45 % |
|
1.694.310 |
|
|
2 |
Mobile equipment |
50 % |
|
|
1.882.567 |
|
3 |
Final works |
5 % |
|
|
188.258 |
|
TOTAL PER YEAR |
|
|
1.694.310 |
2.070.825 |
3.765.135 |
|
TOTAL INVESTMENT IN THE CONSTRUCTION |
19.717.770 € |
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INCOME PLAN
Estimate of income per phases and contents is made based on current market prices and planned number of users, level of utilization of accommodation capacities, amount of rent for leased space, etc. Projection of the total income was made for the period as of 2011, which is considered to be the the starting year of operation, with an average planned level of capacity utilization of 65% per year, through 2021, i.e. 10 years of operation with the planned full capacity.
In view of the fact that this comprises purchase of equipment and construction of the building which will be funcional by the beginning of 2011, the period from 2008 to 2010 is investment period, with the start of effects being planned as of 01.01.2011 with the mentioned average capacity of 65% per year.
Of the total calculated income, about 20% is planned for foreign market in 2011, and 30% in 2012 and following operation years.
CALCULATION OF TOTAL INCOME - (from 2011 to 2021) - in € |
|||
No. |
Year of production |
2011 (65% capacity) |
2012 to 2021 (plan.cap.) |
Elements |
Value |
Value |
|
I |
INCOME FROM SERVICE SALE |
|
|
1 |
Income of Sports hall |
1,011,234 |
1,555,744 |
2 |
Income of swimming pool |
430,195 |
661,838 |
3 |
Income of public amenities |
739,155 |
1,137,162 |
4 |
Income of outdoor courts and garage |
349,891 |
538,294 |
|
TOTAL (from 1 through 4) |
2,530,475 |
3,893,038 |
|
-Domestic market |
2,024,380 |
2,725,127 |
|
-Foreign market |
506,095 |
1,167,911 |
|
|||
II |
INCOME OF HOTEL |
|
|
1 |
Income from accommodation |
1,881,880 |
2,895,200 |
2 |
Income from restaurants |
1,344,218 |
2,068,028 |
3 |
Income from space rental |
132,492 |
132,492 |
|
TOTAL |
3,358,590 |
5,095,720 |
|
|
|
|
|
TOTAL (I+II) |
5,889,065 |
8,988,758 |
|
-Domestic market |
2,686,872 |
3,567,004 |
|
-Foreign market |
671,718 |
1,528,716 |
SPORTS CENTER WITH SPORT HOTEL **** IN NOVA VAROS |
|
Zone |
Annual income |
TOTAL ANNUAL INCOME FOR ZONE 1 – SPORTS ARENA |
1.555.744,00 € |
TOTAL ANNUAL INCOME FOR ZONE 2 – SWIMMING POOL |
661.838,00 € |
TOTAL ANNUAL INCOME FOR ZONE 3 – PUBLIC AMENITIES |
1.137.161,52 € |
TOTAL ANNUAL INCOME FOR ZONE 4 - HOTEL |
5.095.719,50 € |
TOTAL ANNUAL INCOME FOR ZONE 5 – OUTDOOR COURTS AND GARAGE |
538.294,00 € |
ESTIMATE OF INCOMES PER YEAR FOR THE SPORTS CENTER WITHA SPORT HOTEL**** IN NOVA VAROS |
8.988.757,02 € |
PROFITABILITY ANALYSES (u €) |
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No. |
Elementi |
2011 |
2012 |
2021 |
1 |
TOTAL REVENUE |
5.889,065 € |
8.988,758 € |
8.988,758 € |
2 |
GROSS PROFIT – before tax. |
663,681 € |
3.119,653 € |
4.162,652 € |
3 |
NET PROFIT – after tax. |
597,313 € |
2.807,687 € |
3.746,386 € |
4 |
FUNDS FOR REPRODUCTION |
1.542,063 € |
3.752,437 € |
4.145,202 € |
THE RESULT OF THE CASH FLOW ANALYSES |
||
No. |
Estimate elements |
Value of indicators |
1. |
Time of investment return (in years) |
7 |
2. |
Internal profitability rate |
14,53% |
3. |
Net actual value (in €) |
19.916.363 |
4. |
Relative net actual value |
100,47% |
5. |
Total number of employees at the complex |
266 |
NEWS
25-12-2008
Greenfield project The Muncipality of Nova Varos is looking for a business partner in financial construction for the development of greenfield project "Sports Centre with Sports Hotel **** in Nova Varos"