xxx項目物有所值評價財政承受能力論證測算表帶公式.xlsx
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2023-12-21
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1、年年份份期期數數折折現現率率年年金金現現值值系系數數復復利利現現值值系系數數建建設設成成本本建建設設成成本本現現值值0 05.00%-201620161 15.00%0.95240.952420,000.0019,047.62201720172 25.00%1.85940.907020,000.0018,140.59201820183 35.00%2.72320.8638-201920194 45.00%3.54600.8227-202020205 55.00%4.32950.7835-202120216 65.00%5.07570.7462-202220227 75.00%5.78640.72、107-202320238 85.00%6.46320.6768-202420249 95.00%7.10780.6446-2025202510105.00%7.72170.61390.00-2026202611115.00%8.30640.5847-2027202712125.00%8.86330.5568-2028202813135.00%9.39360.5303-2029202914145.00%9.89860.5051-2030203015155.00%10.37970.4810-2031203116164.15%11.52440.5217-2032203217174.15%12.023、540.5009-2033203318184.15%12.50630.48100.00-2034203419194.15%12.96820.4618-2035203520204.15%13.41160.4434-2036203621214.15%13.83730.4258-2037203722224.15%14.24610.4088合合計計39,744.2839,744.2837,188.21運運營營維維護護成成本本運運營營維維護護成成本本現現值值 其其他他成成本本 其其他他成成本本現現值值資資本本性性收收益益資資本本性性收收益益現現值值-300.00259.15300.00246.81-304、0.00235.06-300.00223.86-300.00213.20-300.00203.05-300.00193.38-300.00184.17-300.00175.40-300.00167.05-300.00159.10-300.00151.52-300.00144.31-2,556.07-使使用用者者付付費費收收入入使使用用者者付付費費收收入入現現值值-年年份份期期數數折折現現率率年年金金現現值值系系數數復復利利現現值值系系數數所所得得稅稅所所得得稅稅現現值值行行政政所所得得稅稅0 05.00%-0201620161 15.00%0.95240.9524201720172 25.005、%1.85940.9070201820183 35.00%2.72320.86380.00201920194 45.00%3.54600.82270.00202020205 55.00%4.32950.78350.00202120216 65.00%5.07570.74620.00202220227 75.00%5.78640.71070.00202320238 85.00%6.46320.67680.00202420249 95.00%7.10780.64460.002025202510105.00%7.72170.61390.002026202611115.00%8.30640.584706、.002027202712125.00%8.86330.55681200.48668.472028202813135.00%9.39360.53031411.66748.632029202914145.00%9.89860.50511482.24748.632030203015155.00%10.37970.48101556.36748.632031203116164.15%11.52440.52170.000.002032203217174.15%12.02540.50090.000.002033203318184.15%12.50630.48100.000.002034203419194.7、15%12.96820.46180.000.002035203520204.15%13.41160.44340.000.002036203621214.15%13.83730.42580.000.002037203722224.15%14.24610.40880.000.00合計競競爭爭性性中中立立調調整整值值2914.372,914.37行行政政所所得得稅稅現現值值00項目具體內容數額(單位:萬元)建設和運營凈成本建設成本37,188.21運營維護成本2,556.07其他成本-資本性收益-使用者付費收入-小計39,744.28競爭中立調整所得稅2,914.37行政審批費用60土地費用小計298、74.37風險調整轉移風險4,769.31自留風險1,192.33小計5961.64合計初始PSC+競爭中立調整+風險調整48680.30年年份份期期數數折折現現率率年年金金現現值值系系數數復復利利現現值值系系數數股股權權投投資資建建設設成成本本現現值值0 05.00%-1,200.001,200.00201620161 15.00%0.95240.9524-201720172 25.00%1.85940.9070201820183 35.00%2.72320.8638201920194 45.00%3.54600.8227202020205 55.00%4.32950.783520212029、16 65.00%5.07570.7462202220227 75.00%5.78640.7107202320238 85.00%6.46320.6768202420249 95.00%7.10780.64462025202510105.00%7.72170.61392026202611115.00%8.30640.58472027202712125.00%8.86330.55682028202813135.00%9.39360.53032029202914145.00%9.89860.50512030203015155.00%10.37970.48102031203116164.15%11.10、52440.52172032203217174.15%12.02540.50092033203318184.15%12.50630.48102034203419194.15%12.96820.46182035203520204.15%13.41160.44342036203621214.15%13.83730.42582037203722224.15%14.24610.4088合合計計44,081.8744,081.8712001200運運營營補補貼貼運運營營補補貼貼現現值值自自留留風風險險成成本本現現值值配配套套投投入入配配套套投投入入現現值值-3,790.553,274.423,963.811、83,261.094,145.873,248.404,336.973,236.314,537.613,224.804,748.293,213.834,969.513,203.395,201.793,193.445,445.673,183.975,701.763,174.955,970.653,166.366,252.983,158.186,549.433,150.39-41,689.5441,689.541,192.331,192.330 0年年份份期期數數折折現現率率復復利利終終值值系系數數復復利利現現值值系系數數社社會會資資本本方方建建設設成成本本0 05.00%-201620161 1512、.00%1.05000.952418,800.00201720172 25.00%1.10250.907020,000.00201820183 35.00%1.15760.8638201920194 45.00%1.21550.8227202020205 55.00%1.27630.7835202120216 65.00%1.34010.7462202220227 75.00%1.40710.7107202320238 85.00%1.47750.6768202420249 95.00%1.55130.64462025202510105.00%1.62890.6139-20262026111113、5.00%1.71030.58472027202712125.00%1.79590.55682028202813135.00%1.88560.53032029202914145.00%1.97990.50512030203015155.00%2.07890.48102031203116164.15%1.91670.52172032203217174.15%1.99620.50092033203318184.15%2.07910.4810-2034203419194.15%2.16530.46182035203520204.15%2.25520.44342036203621214.15%2.3414、880.42582037203722224.15%2.44630.408838,800.0000靜態利潤:22,602.95合理利潤率8.00%靜態利潤率:58.26%第第n n年年社社會會資資本本建建設設成成本本:n n指指支支付付財財政政補補貼貼的的第第n n年年,第第一一年年開開始始支支付付,n=1,n=1,以以此此類類推推。20172017年年末末社社會會資資本本方方建建設設成成本本運運營營期期現現值值 社社會會資資本本方方年年均均建建設設成成本本(含含合合理理利利潤潤)-19,740.0020,000.003,301.47693,301.47693,301.47693,301.47615、93,301.47693,301.47693,301.4769-3,301.47693,301.47693,301.47693,301.47693,301.47693,301.4769-39,740.000042,919.20第第n n年年社社會會資資本本建建設設成成本本 每每年年運運營營維維護護成成本本 每每年年運運營營維維護護成成本本(含含合合理理利利潤潤)使使用用者者付付費費收收入入-3,466.55300.00324.003,639.88300.00324.003,821.87300.00324.004,012.97300.00324.004,213.61300.00324.004,416、24.29300.00324.004,645.51300.00324.004,877.79300.00324.005,121.67300.00324.005,377.76300.00324.005,646.65300.00324.005,928.98300.00324.006,225.43300.00324.00-61,402.953,900.004,212.00當當年年運運營營補補貼貼支支出出數數額額運運營營補補貼貼現現值值等等額額本本息息補補貼貼支支出出數數額額等等額額本本息息現現值值0.00-3790.553,274.424,893.004,226.753963.883,261.094,17、893.004,025.484145.873,248.404,893.003,833.794336.973,236.314,893.003,651.234537.613,224.804,893.003,477.364748.293,213.834,893.003,311.774969.513,203.394,893.003,154.075201.793,193.444,893.003,003.885445.673,183.974,893.002,860.835701.763,174.954,893.002,724.605970.653,166.364,893.002,594.866252.9818、3,158.184,893.002,471.306549.433,150.394,893.002,353.610.00-0.00-0.00-0.00-0.00-0.00-0.00-65,614.9541,689.5463,608.9541,689.54-項目PSC項目PPP初始PSC39744.28股權支出1200.00競爭中立調整2974.37運營補貼41689.54風險調整自留風險1192.33風險承擔1192.33風險調整轉移風險4769.31配套投入0.00總計48680.30總計44081.87VFM=PSC-PPP 4598.43VFM(%)9.45年年份份期期數數折折現現率率復復19、利利終終值值系系數數復復利利現現值值系系數數 政政府府年年均均風風險險分分擔擔值值 第第n n年年社社會會風風險險分分擔擔0 05.00%-201620161 15.00%1.05000.952454.196756.91201720172 25.00%1.10250.907054.196759.75201820183 35.00%1.15760.863854.196762.74201920194 45.00%1.21550.822754.196765.88202020205 55.00%1.27630.783554.196769.17202120216 65.00%1.34010.74625420、.196772.63202220227 75.00%1.40710.710754.196776.26202320238 85.00%1.47750.676854.196780.07202420249 95.00%1.55130.644654.196784.082025202510105.00%1.62890.613954.196788.282026202611115.00%1.71030.584754.196792.692027202712125.00%1.79590.556854.196797.332028202813135.00%1.88560.530354.1967102.202029221、02914145.00%1.97990.505154.1967107.312030203015155.00%2.07890.481054.1967112.672031203116164.15%1.91670.521754.1967103.882032203217174.15%1.99620.500954.1967108.192033203318184.15%2.07910.481054.1967112.682034203419194.15%2.16530.461854.1967117.352035203520204.15%2.25520.443454.1967122.222036203621222、14.15%2.34880.425854.1967127.302037203722224.15%2.44630.408854.1967132.58合合計計年年份份x x值值公公共共預預算算支支出出股股權權投投資資運運營營補補貼貼風風險險分分配配配配套套投投入入201620167333,792.901,200.0056.91201720178386,284.4059.75201820189442,364.103,790.5562.742019201910502,032.003,963.8865.882020202011565,288.104,145.8769.172021202112632,1323、2.404,336.9772.632022202213702,564.904,537.6176.262023202314776,585.604,748.2980.072024202415854,194.504,969.5184.082025202516935,391.605,201.7988.2820262026171,020,176.905,445.6792.6920272027181,108,550.405,701.7697.3320282028191,200,512.105,970.65102.2020292029201,296,062.006,252.98107.3120302030224、11,395,200.106,549.43112.6720312031221,497,926.400103.8820322032231,604,240.900108.1920332033241,714,143.600112.6820342034251,827,634.500117.3520352035261,944,713.600122.2220362036272,065,380.900127.3020372037282,189,636.400132.582010937092011126943201215728520131992982014239255本本項項目目財財政政支支出出本本項項目目支25、支出出占占政政府府財財政政支支出出比比例例(%)(%)1,256.910.38%59.750.02%3,853.290.87%4,029.750.80%4,215.040.75%4,409.590.70%4,613.870.66%4,828.370.62%5,053.590.59%5,290.070.57%5,538.370.54%5,799.090.52%6,072.840.51%6,360.280.49%6,662.100.48%103.880.01%108.190.01%112.680.01%117.350.01%122.220.01%127.300.01%132.580.01%Chart 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