假设ProjectOwnership船舶信息%equity%cashflow$equity船舶购入单价中远40%40%折旧期限PartyB30%30%折旧方式PartyC30%30%净资产总投资100%100%融资安排融资比例初始投资LIBOR公司注册资本$10,000,000Margin公司注册费用$10,000融资年限注册期间费用$100,000支付频率法律、咨询费用$400,000期末还款额意外费用5%$25,500年单位船舶支付利息总投资额$535,500租赁安排运营费用租赁年限办公场地租金$100,000船舶残值员工薪资$500,000中远业务利率其他运营费用$100,000内部业务年租金外部业务利率贴现率外部业务年租金贴现率14%租金缴纳方式中远业务利差利得税外部业务利差税率16%船舶信息业务发展$40,000,000中远内部业务20年份当年业务总量当年在租船当年退租船新租船数量S/L1200355052200461105融资安排320058190590%420061029052%520071241051%620081253051072009126505annual82010127705$18,000,00092011128905$2,650,14910201212101051120131210855租赁安排1220141211465101320151211885$20,000,000142016121201058%15201712120125$4,580,5901620181212012512%17201912120125$4,821,49618202012120125期末年金192021121201255%202022121201259%业务发展中远内部业务外部业务退租数量当年在租船总量业务比例外部业务量退租数量当年在租船总量业务比例05100%0000%01083%10117%01563%30438%02050%50950%02542%701658%03042%702358%03542%703058%04042%703758%04542%704458%05042%705158%55042%705858%55042%716458%55042%736858%55042%757058%55042%777058%55042%777058%55042%777058%55042%777058%55042%777058%55042%777058%现金流量Currentyear12345Calendaryear20032004200520062007收入中远业务收入$22,902,949$45,805,898$68,708,847$91,611,795$114,514,744外部业务收入$0$4,821,496$19,285,985$43,393,466$77,143,940退租船销售收入$0$0$0$0$0租赁业务收入$22,902,949$50,627,394$87,994,832$135,005,262$191,658,685费用办公场地租金$535,500$642,600$771,120$925,344$1,110,413员工薪资$500,000$600,000$720,000$864,000$1,036,800其他运营费用$100,000$120,000$144,000$172,800$207,360运营费用$1,135,500$1,362,600$1,635,120$1,962,144$2,354,573利息、折旧和税前利润$21,767,449$49,264,794$86,359,712$133,043,118$189,304,112减：利息$13,250,746$29,151,640$50,352,833$76,854,324$108,656,114减：折旧$10,000,000$22,000,000$38,000,000$58,000,000$82,000,000税前利润($1,483,297)($1,886,846)($1,993,122)($1,811,207)($1,352,002)减：税00000净收入($1,483,297)($1,886,846)($1,993,122)($1,811,207)($1,352,002)加：折旧$10,000,000$22,000,000$38,000,000$58,000,000$82,000,000自由现金流$8,516,703$20,113,154$36,006,878$56,188,793$80,647,99867891011200820092010201120122013$137,417,693$160,320,642$183,223,591$206,126,540$229,029,489$229,029,489$110,894,414$144,644,888$178,395,362$212,145,836$245,896,309$279,646,783$0$0$0$0$0$10,000,000$248,312,107$304,965,530$361,618,953$418,272,375$474,925,798$518,676,272$1,110,413$1,110,413$1,110,413$1,110,413$1,110,413$1,110,413$1,036,800$1,036,800$1,036,800$1,036,800$1,036,800$1,036,800$207,360$207,360$207,360$207,360$207,360$207,360$2,354,573$2,354,573$2,354,573$2,354,573$2,354,573$2,354,573$245,957,535$302,610,957$359,264,380$415,917,803$472,571,225$516,321,699$140,457,903$172,259,693$204,061,482$235,863,272$267,665,061$286,216,105$106,000,000$130,000,000$154,000,000$178,000,000$202,000,000$216,000,000($500,369)$351,265$1,202,898$2,054,531$2,906,164$14,105,594056202.32008001192463.6474074328724.9747347464986.30206212256895.105351($500,369)$295,062$1,010,434$1,725,806$2,441,178$11,848,699$106,000,000$130,000,000$154,000,000$178,000,000$202,000,000$216,000,000$105,499,631$130,295,062$155,010,434$179,725,806$204,441,178$...
