| TANK CLEANING | ||||||||||
| ASSUMPTIONS: | YEAR 1 | YEAR 2 | YEAR 3 | YEAR 4 | ||||||
| Tanks Available | 2 | 2 | 2 | 2 | ||||||
| Going rate per tank | $1,200,000 | $1,200,000 | $1,200,000 | $1,200,000 | ||||||
| $ Rate= N118 | 118 | |||||||||
| PROJECTED INCOME STATEMENT ON TANK CLEANING | ||||||||||
| YEAR 1 | YEAR 2 | YEAR 3 | YEAR 4 | |||||||
| NAIRA | NAIRA | NAIRA | NAIRA | |||||||
| BALANCE B/F | 14,017,010 | 57,294,990 | 177,076,800 | |||||||
| CASH INFLOW | ||||||||||
| Tank Cleaning Income | 283,200,000 | 283,200,000 | 283,200,000 | 283,200,000 | ||||||
| Total Income | 283,200,000 | 297,217,010 | 340,494,990 | 460,276,800 | ||||||
| CASH OUTFLOW | ||||||||||
| Lease Payment | 77,545,390 | 77,545,390 | 77,545,390 | 77,545,390 | ||||||
| Equity Contribution | 106,000,000 | |||||||||
| Manager Operator Fee: | 58,637,600 | 58,749,600 | 58,872,800 | 60,226,080 | ||||||
| Insurance cost | 18,000,000 | 18,000,000 | 18,000,000 | 18,000,000 | ||||||
| Technical Management Fee | 9,000,000 | 9,000,000 | 9,000,000 | 9,000,000 | ||||||
| TOTAL OUTFLOW | 269,182,990 | 163,294,990 | 163,418,190 | 164,771,470 | ||||||
| BALANCE C/F | 14,017,010 | 57,294,990 | 177,076,800 | 295,505,330 | ||||||