Asumsi-asumsi :

Pembiayaan Lembaga Keuangan Rp. 1,500,000,000

Dana sendiri Rp. 400,000,000
Total kebutuhan Rp. 1,900,000,000

Penggunaan dana
- Konstruksi dan Interior Rp. 1,097,881,825
- Peralatan Rp. 567,869,900
- Initial Fee Rp. 196,861,575
- Perijinan Rp. 13,250,000
- Marketing Rp. 9,464,500
- Training Rp. 7,571,600
- Biaya Lain-lain Rp. 7,100,600
Sub total 1,900,000,000

ROI Expected 20%

Jangka waktu pembiayaan 5 tahun
Grace Period 3 bulan

Penjualan Rp. 15,000,000 per hari

450,000,000 per bulan

Kenaikan penjualan 15% per tahun

HPP 40.08%
Biaya Operasional Outlet 31.80%
Biaya Lain-lain 18.12%

Pendapatan Pemilik 10.00%

Kenaikan Pendapatan 15%

PT. Fastfood Indonesia Tbk. Cabang Medan
PROYEKSI LABA RUGI TAHUN 1
Uraian M-1 M-2 M-3 M-4 M-5 M-6 M-7 M-8 M-9 M-10 M-11 M-12 Tahun-1
Penjualan 450,000,000 450,000,000 450,000,000 450,000,000 450,000,000 450,000,000 450,000,000 450,000,000 450,000,000 450,000,000 450,000,000 450,000,000 5,400,000,000
- HPP 180,360,000 180,360,000 180,360,000 180,360,000 180,360,000 180,360,000 180,360,000 180,360,000 180,360,000 180,360,000 180,360,000 180,360,000 2,164,320,000
Laba Kotor 269,640,000 269,640,000 269,640,000 269,640,000 269,640,000 269,640,000 269,640,000 269,640,000 269,640,000 269,640,000 269,640,000 269,640,000 3,235,680,000
Biaya-biaya :
- Biaya Operasional Outlet 143,100,000 143,100,000 143,100,000 143,100,000 143,100,000 143,100,000 143,100,000 143,100,000 143,100,000 143,100,000 143,100,000 143,100,000 1,717,200,000
- Lain-lain 81,540,000 81,540,000 81,540,000 81,540,000 81,540,000 81,540,000 81,540,000 81,540,000 81,540,000 81,540,000 81,540,000 81,540,000 978,480,000
Total biaya-biaya 224,640,000 224,640,000 224,640,000 224,640,000 224,640,000 224,640,000 224,640,000 224,640,000 224,640,000 224,640,000 224,640,000 224,640,000 2,695,680,000

Pendapatan Pemilik 45,000,000 45,000,000 45,000,000 45,000,000 45,000,000 45,000,000 45,000,000 45,000,000 45,000,000 45,000,000 45,000,000 45,000,000 540,000,000
Biaya Operasional Pemilik
- Biaya Operasional 1,500,000 1,500,000 1,500,000 1,500,000 1,500,000 1,500,000 1,500,000 1,500,000 1,500,000 1,500,000 1,500,000 1,500,000 18,000,000
- Penyusutan 16,451,139 16,451,139 16,451,139 16,451,139 16,451,139 16,451,139 16,451,139 16,451,139 16,451,139 16,451,139 16,451,139 16,451,139 197,413,670
Total Biaya Oprsl. Pemilik 17,951,139 17,951,139 17,951,139 17,951,139 17,951,139 17,951,139 17,951,139 17,951,139 17,951,139 17,951,139 17,951,139 17,951,139 215,413,670

EBIT 27,048,861 27,048,861 27,048,861 27,048,861 27,048,861 27,048,861 27,048,861 27,048,861 27,048,861 27,048,861 27,048,861 27,048,861 324,586,330
PT. SSUV
Bagi Hasil PT. SSUV 25,000,000 24,888,124 24,774,384 24,658,749 24,541,186 24,421,663 24,300,149 24,176,609 24,051,010 23,923,318 23,793,498 23,661,514 292,190,205
Adm. Fee dan Mgt. Fee - - - - - - - - - - - - -

Laba setelah bagi hasil (EBT) 2,048,861 2,160,736 2,274,476 2,390,112 2,507,675 2,627,198 2,748,712 2,872,252 2,997,850 3,125,542 3,255,363 3,387,347 32,396,125
PT. Fastfood Indonesia Tbk. Cabang Medan
LABA RUGI TAHUN 1 - 6
Uraian Tahun-1 Tahun-2 Tahun-3
Penjualan 5,400,000,000 6,210,000,000 7,141,500,000
- HPP 40.08% 2,164,320,000 2,488,968,000 2,862,313,200
Laba Kotor 3,235,680,000 3,721,032,000 4,279,186,800

Biaya-biaya :
- Biaya Operasional Outlet 31.80% 1,717,200,000 1,974,780,000 2,270,997,000
- Lain-lain 18.12% 978,480,000 1,125,252,000 1,294,039,800
Total biaya-biaya 2,695,680,000 3,100,032,000 3,565,036,800

Pendapatan Pemilik 10.00% 540,000,000 621,000,000 714,150,000

Biaya Operasional Pemilik

- Biaya Operasional 18,000,000 21,600,000 25,920,000
- Penyusutan 197,413,670 197,413,670 197,413,670
Total Biaya Oprsl. Pemilik 215,413,670 219,013,670 223,333,670

EBIT 324,586,330 401,986,330 490,816,330

PT. SSUV
Bagi Hasil PT. SSUV 292,190,205 269,946,356 229,722,358
Adm. Fee dan Mgt. Fee 14,116,398 12,580,697 9,970,949
306,306,604 282,527,053 239,693,307

Laba setelah bagi hasil 18,279,726 119,459,277 251,123,023

PT. Fastfood Indonesia Tbk. Cabang Medan
PROYEKSI ARUS KAS TAHUN 1

Uraian M-0 M-1 M-2 M-3 M-4 M-5 M-6 M-7 M-8 M-9 M-10 M-11 M-12
Saldo Kas Awal 21,000,000 3,100,312 9,887,782 16,675,252 23,462,721 30,250,191 37,037,661 43,825,131 50,612,601 57,400,070 64,187,540 70,975,010 77,762,480

Arus Kas Masuk :

Pendapatan Pemilik - 45,000,000 45,000,000 45,000,000 45,000,000 45,000,000 45,000,000 45,000,000 45,000,000 45,000,000 45,000,000 45,000,000 45,000,000
Dana Sendiri - - - - - - - - - - - - -
Pembiayaan SSUV 1,500,000,000 - - - - - - - - - - - -
Total Arus Kas Masuk 1,500,000,000 45,000,000 45,000,000 45,000,000 45,000,000 45,000,000 45,000,000 45,000,000 45,000,000 45,000,000 45,000,000 45,000,000 45,000,000

Arus Kas Keluar :

- Pembayaran Hutang 1,492,899,688
- Biaya Operasional 1,500,000 1,500,000 1,500,000 1,500,000 1,500,000 1,500,000 1,500,000 1,500,000 1,500,000 1,500,000 1,500,000 1,500,000
- Prive 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000
Sub Total Arus Kas Keluar 1,492,899,688 6,500,000 6,500,000 6,500,000 6,500,000 6,500,000 6,500,000 6,500,000 6,500,000 6,500,000 6,500,000 6,500,000 6,500,000

PT SSUV
Bagi Hasil - 25,000,000 24,888,124 24,774,384 24,658,749 24,541,186 24,421,663 24,300,149 24,176,609 24,051,010 23,923,318 23,793,498 23,661,514
Administration dan Mgt. Fee. 15,000,000 - - - - - - - -
Pengembalian Pokok - 6,712,530 6,824,406 6,938,146 7,053,782 7,171,345 7,290,867 7,412,381 7,535,921 7,661,520 7,789,212 7,919,032 8,051,016
Biaya Notaris dan lain-lain 10,000,000
Sub Total Arus Kas Keluar 25,000,000 31,712,530 31,712,530 31,712,530 31,712,530 31,712,530 31,712,530 31,712,530 31,712,530 31,712,530 31,712,530 31,712,530 31,712,530

Total Arus Kas Keluar 1,517,899,688 38,212,530 38,212,530 38,212,530 38,212,530 38,212,530 38,212,530 38,212,530 38,212,530 38,212,530 38,212,530 38,212,530 38,212,530

Mutasi (17,899,688) 6,787,470 6,787,470 6,787,470 6,787,470 6,787,470 6,787,470 6,787,470 6,787,470 6,787,470 6,787,470 6,787,470 6,787,470

Saldo Kas Akhir 3,100,312 9,887,782 16,675,252 23,462,721 30,250,191 37,037,661 43,825,131 50,612,601 57,400,070 64,187,540 70,975,010 77,762,480 84,549,950
PT. Fastfood Indonesia Tbk. Cabang Medan
BAGI HASIL & CICILAN POKOK 20.00%

MASA SALDO
PEMBIAYAAN MASUK
TAHUN BULAN % PLAFOND Adm. Fee & Mgt. Fee BAGI HASIL CICILAN POKOK JUMLAH
% Rp. % Rp. % Rp. Rp.
0 100.00 1,500,000,000 1 15,000,000 - 15,000,000
1 1 99.55 1,493,287,470 5.56 25,000,000 0.45 6,712,530 31,712,530
2 99.10 1,486,463,064 5.53 24,888,124 0.45 6,824,406 31,712,530
3 98.63 1,479,524,918 5.51 24,774,384 0.46 6,938,146 31,712,530
4 98.16 1,472,471,137 5.48 24,658,749 0.47 7,053,782 31,712,530
5 97.69 1,465,299,792 5.45 24,541,186 0.48 7,171,345 31,712,530
6 97.20 1,458,008,925 5.43 24,421,663 0.49 7,290,867 31,712,530
7 96.71 1,450,596,544 5.40 24,300,149 0.49 7,412,381 31,712,530
8 96.20 1,443,060,623 5.37 24,176,609 0.50 7,535,921 31,712,530
9 95.69 1,435,399,103 5.34 24,051,010 0.51 7,661,520 31,712,530
10 95.17 1,427,609,891 5.32 23,923,318 0.52 7,789,212 31,712,530
11 94.65 1,419,690,859 5.29 23,793,498 0.53 7,919,032 31,712,530
12 94.11 1,411,639,843 5.26 23,661,514 0.54 8,051,016 31,712,530
2 13 93.72 1,405,755,963 1 7,058,199 5.23 23,527,331 0.39 5,883,880 36,469,410
14 93.32 1,399,774,019 7,058,199 5.21 23,429,266 0.40 5,981,944 36,469,410
15 92.44 1,386,634,176 5.18 23,329,567 0.88 13,139,843 36,469,410
16 91.55 1,373,275,336 5.14 23,110,570 0.89 13,358,840 36,469,410
17 90.65 1,359,693,848 5.09 22,887,922 0.91 13,581,487 36,469,410
18 89.73 1,345,886,003 5.04 22,661,564 0.92 13,807,846 36,469,410
19 88.79 1,331,848,026 4.98 22,431,433 0.94 14,037,976 36,469,410
20 87.84 1,317,576,084 4.93 22,197,467 0.95 14,271,943 36,469,410
21 86.87 1,303,066,276 4.88 21,959,601 0.97 14,509,808 36,469,410
22 85.89 1,288,314,637 4.83 21,717,771 0.98 14,751,638 36,469,410
23 84.89 1,273,317,138 4.77 21,471,911 1.00 14,997,499 36,469,410
24 83.87 1,258,069,681 4.72 21,221,952 1.02 15,247,457 36,469,410
3 25 83.31 1,249,678,384 1 12,580,697 4.66 20,967,828 0.56 8,391,296 41,939,821
26 81.90 1,228,566,536 4.63 20,827,973 1.41 21,111,848 41,939,821
27 80.47 1,207,102,824 4.55 20,476,109 1.43 21,463,712 41,939,821
28 79.02 1,185,281,383 4.47 20,118,380 1.45 21,821,441 41,939,821
29 77.54 1,163,096,251 4.39 19,754,690 1.48 22,185,131 41,939,821
30 76.04 1,140,541,368 4.31 19,384,938 1.50 22,554,884 41,939,821
31 74.51 1,117,610,569 4.22 19,009,023 1.53 22,930,798 41,939,821
32 72.95 1,094,297,591 4.14 18,626,843 1.55 23,312,978 41,939,821
33 71.37 1,070,596,063 4.05 18,238,293 1.58 23,701,528 41,939,821
34 69.77 1,046,499,510 3.97 17,843,268 1.61 24,096,553 41,939,821
35 68.13 1,022,001,347 3.88 17,441,658 1.63 24,498,163 41,939,821
36 66.47 997,094,881 3.79 17,033,356 1.66 24,906,465 41,939,821
4 37 65.03 975,453,284 1 9,970,949 3.69 16,618,248 1.44 21,641,598 48,230,794
38 62.90 943,480,044 3.61 16,257,555 2.13 31,973,240 48,230,794
39 60.73 910,973,917 3.49 15,724,667 2.17 32,506,127 48,230,794
40 58.53 877,926,022 3.37 15,182,899 2.20 33,047,896 48,230,794
41 56.29 844,327,328 3.25 14,632,100 2.24 33,598,694 48,230,794
42 54.01 810,168,655 3.13 14,072,122 2.28 34,158,672 48,230,794
43 51.70 775,440,672 3.00 13,502,811 2.32 34,727,983 48,230,794
44 49.34 740,133,889 2.87 12,924,011 2.35 35,306,783 48,230,794
45 46.95 704,238,659 2.74 12,335,565 2.39 35,895,230 48,230,794
46 44.52 667,745,176 2.61 11,737,311 2.43 36,493,483 48,230,794
47 42.04 630,643,468 2.47 11,129,086 2.47 37,101,708 48,230,794
48 39.53 592,923,398 2.34 10,510,724 2.51 37,720,070 48,230,794
5 49 36.88 553,269,275 1 5,929,234 2.20 9,882,057 2.64 39,654,123 55,465,414
50 33.80 507,025,016 2.05 9,221,155 3.08 46,244,259 55,465,414
51 30.67 460,010,019 1.88 8,450,417 3.13 47,014,997 55,465,414
52 27.48 412,211,439 1.70 7,666,834 3.19 47,798,580 55,465,414
53 24.24 363,616,217 1.53 6,870,191 3.24 48,595,223 55,465,414
54 20.95 314,211,073 1.35 6,060,270 3.29 49,405,143 55,465,414
55 17.60 263,982,511 1.16 5,236,851 3.35 50,228,562 55,465,414
56 14.19 212,916,806 0.98 4,399,709 3.40 51,065,705 55,465,414
57 10.73 161,000,006 0.79 3,548,613 3.46 51,916,800 55,465,414
58 7.21 108,217,926 0.60 2,683,333 3.52 52,782,080 55,465,414
59 3.64 54,556,144 0.40 1,803,632 3.58 53,661,781 55,465,414
60 0.00 0 0.20 909,269 3.64 54,556,144 55,465,414
Jumlah 57,597,278 1,023,218,350 1,500,000,000 2,580,815,628
PT. Fastfood Indonesia Tbk. Cabang Medan
KEUNTUNGAN SSUV
KETERANGAN TAHUN 0 TAHUN 1 TAHUN 2 TAHUN 3 TAHUN 4
PEMBIAYAAN (1,500,000,000) - - - -

BAGI HASIL - 292,190,205 269,946,356 229,722,358 164,627,100

CICILAN POKOK - 88,360,157 153,570,163 260,974,799 404,171,484

TOTAL (1,500,000,000) 380,550,362 423,516,518 490,697,157 568,798,584

ROI 20.00% 20.00% 20.00% 20.00%
ROI Rata-rata. 20.00%
IRR 18.19%
TAHUN 5
-

66,732,331

592,923,398

659,655,728
20.00%
 PT. Fastfood Indonesia Tbk. Cabang Medan
Neraca
per 18 April 2004

AKTIVA PASSIVA
Aktiva Lancar Hutang Lancar
Kas 1,000,000 Hutang dagang 1,392,899,688
Bank 20,000,000 Hutang Lain-lain 100,000,000
Biaya Dibayar Dimuka 24,136,700 Sub Total 1,492,899,688
Sub Total 45,136,700
Hutang Jangka Panjang
Aktiva Tetap Hutang Lain-lain -
Konstruksi dan Interior 1,097,881,825 Sub Total -
Peralatan 567,869,900
(Akumulasi penyusutan) - Modal
Sub Total 1,665,751,725 Modal Setor 428,100,312
Laba Tahun Berjalan -
Aktiva Lain-lain Sub Total 428,100,312
Initial Fee 196,861,575
Perijinan 13,250,000
(Akumulasi amortisasi) -
Sub Total 210,111,575

Total Aktiva 1,921,000,000 Total Passiva 1,921,000,000

-
PT. Fastfood Indonesia Tbk. Cabang Medan
Proyeksi Neraca
AKTIVA 18 April 2004 Tambahan Tahun-0 Tahun-1 Tahun-2 Tahun-3 Tahun-4 Tahun-5
Aktiva Lancar
Kas 21,000,000 (17,899,688) 3,100,312 #REF! #REF! #REF! #REF! #REF!
Biaya Dibayar Dimuka 24,136,700 25,000,000 49,136,700 47,811,700 46,486,700 45,161,700 43,836,700 42,511,700
Sub Total 45,136,700 7,100,312 52,237,012 #REF! #REF! #REF! #REF! #REF!
Aktiva Tetap
Konstruksi dan Interior 1,097,881,825 - 1,097,881,825 1,097,881,825 1,097,881,825 1,097,881,825 1,097,881,825 1,097,881,825
Peralatan 567,869,900 - 567,869,900 #REF! #REF! #REF! #REF! #REF!
(Akumulasi penyusutan) - - (186,261,330) (372,522,660) (558,783,990) (745,045,320) (931,306,650)
Sub Total 1,665,751,725 - 1,665,751,725 #REF! #REF! #REF! #REF! #REF!
Aktiva Lain-lain
Initial Fee 196,861,575 196,861,575 196,861,575 196,861,575 196,861,575 196,861,575 196,861,575
Perijinan 13,250,000 13,250,000
(Akumulasi amortisasi) - - (9,827,340) (19,654,680) (29,482,020) (39,309,360) (49,136,700)
Sub Total 210,111,575 - 210,111,575 187,034,235 177,206,895 167,379,555 157,552,215 147,724,875
Total Aktiva 1,921,000,000 7,100,312 1,928,100,312 #REF! #REF! #REF! #REF! #REF!
PASSIVA
Hutang Lancar
Hutang dagang 1,392,899,688 (1,392,899,688) - - - - - -
Hutang Lain-lain 100,000,000 (100,000,000)
Sub Total 1,492,899,688 (1,492,899,688) - - - - - -
Hutang Jangka Panjang
Hutang PT. SSUV - 1,500,000,000 1,500,000,000
Sub Total - 1,500,000,000 1,500,000,000 #REF! #REF! #REF! #REF! #REF!

Modal
Modalditahan
Laba Setor 428,100,312
- - 428,100,312
- 428,100,312
- 428,100,312
#REF! 428,100,312
#REF! 428,100,312
#REF! 428,100,312
#REF!
Laba tahun berjalan - - - #REF! #REF! #REF! #REF! #REF!
Sub Total 428,100,312 - 428,100,312 #REF! #REF! #REF! #REF! #REF!
Total Passiva 1,921,000,000 7,100,312 1,928,100,312 #REF! #REF! #REF! #REF! #REF!

- - - #REF! #REF! #REF! #REF! #REF!

 Tahun-6

#REF!
41,186,700
#REF!

1,097,881,825
#REF!
(1,117,567,980)
#REF!

196,861,575

(49,136,700)
147,724,875
#REF!

#REF!

428,100,312
#REF!
#REF!
#REF!
#REF!

#REF!
PT. Fastfood Indonesia Tbk. Cabang Medan
Penyusutan
Aktiva Nilai Umur Depreasi Tahun-1
Perolehan Ekonomis (bulan) Bulan-1 Bulan-2 Bulan-3 Bulan-4 Bulan-5 Bulan-6 Bulan-7 Bulan-8 Bulan-9 Bulan-10 Bulan-11 Bulan-12
Konstruksi dan Interior 1,097,881,825 120 9,149,015 9,149,015 9,149,015 9,149,015 9,149,015 9,149,015 9,149,015 9,149,015 9,149,015 9,149,015 9,149,015 9,149,015
Peralatan 567,869,900 120 4,732,249 4,732,249 4,732,249 4,732,249 4,732,249 4,732,249 4,732,249 4,732,249 4,732,249 4,732,249 4,732,249 4,732,249
Initial Fee 196,861,575 120 1,640,513 1,640,513 1,640,513 1,640,513 1,640,513 1,640,513 1,640,513 1,640,513 1,640,513 1,640,513 1,640,513 1,640,513
Perijinan 13,250,000 120 110,417 110,417 110,417 110,417 110,417 110,417 110,417 110,417 110,417 110,417 110,417 110,417
Biaya Dibayar Dimuka 49,136,700 60 818,945 818,945 818,945 818,945 818,945 818,945 818,945 818,945 818,945 818,945 818,945 818,945
Total 1,925,000,000 16,451,139 16,451,139 16,451,139 16,451,139 16,451,139 16,451,139 16,451,139 16,451,139 16,451,139 16,451,139 16,451,139 16,451,139

Aktiva Nilai Umur Depresiasi Depresiasi Depresiasi Depresiasi Depresiasi Depresiasi

Perolehan Ekonomis (tahun) Tahun-1 Tahun-2 Tahun-3 Tahun-4 Tahun-5 Tahun-6
Konstruksi dan Interior 1,097,881,825 10 109,788,183 109,788,183 109,788,183 109,788,183 109,788,183 109,788,183
Peralatan 567,869,900 10 56,786,990 56,786,990 56,786,990 56,786,990 56,786,990 56,786,990
Initial Fee 196,861,575 10 19,686,158 19,686,158 19,686,158 19,686,158 19,686,158 19,686,158
Perijinan 13,250,000 10 1,325,000 1,325,000 1,325,000 1,325,000 1,325,000 1,325,000
Biaya Dibayar Dimuka 49,136,700 5 9,827,340 9,827,340 9,827,340 9,827,340 9,827,340 -
Total 197,413,670 197,413,670 197,413,670 197,413,670 197,413,670 187,586,330

Aktiva Netto Nilai Umur Nilai Nilai Nilai Nilai Nilai Nilai
Perolehan Ekonomis (tahun) Tahun-1 Tahun-2 Tahun-3 Tahun-4 Tahun-5 Tahun-6
Konstruksi dan Interior 1,097,881,825 10 988,093,643 878,305,460 768,517,278 658,729,095 548,940,913 439,152,730
Peralatan 567,869,900 10 511,082,910 454,295,920 397,508,930 340,721,940 283,934,950 227,147,960
Initial Fee 196,861,575 10 177,175,418 157,489,260 137,803,103 118,116,945 98,430,788 78,744,630
Perijinan 13,250,000 10 11,925,000 10,600,000 9,275,000 7,950,000 6,625,000 5,300,000
Biaya Dibayar Dimuka 49,136,700 5 39,309,360 29,482,020 19,654,680 9,827,340 - -
Total 1,727,586,330 1,530,172,660 1,332,758,990 1,135,345,320 937,931,650 750,345,320
PT. Fastfood Indonesia Tbk. Cabang Medan

Pay Back Period

Tahun Penyusutan dan EBT Cash in Saldo Investasi
Amortisasi (Rp.) Rp. Rp. Rp.
0 (1,900,000,000)
1 197,413,670 18,279,726 215,693,396 (1,684,306,604)
2 197,413,670 119,459,277 316,872,947 (1,367,433,656)
3 197,413,670 251,123,023 448,536,693 (918,896,964)
4 197,413,670 422,198,496 619,612,166 (299,284,798)
5 197,413,670 642,992,574 840,406,244 541,121,447

Pay Back Period = 4 + 0.36 tahun

= 4 tahun 4.3 bulan