Affendix A
OVERSEAS ESTATES DEPARTMENT: DCF CALCULATION
ROJECT:: HONG KONG
OPTION B: BUILD
BASE YR: 1993
TDR: 6.00(%)
START
END
NPV
REF
ITEM
YEAR YEAR PERIOD
AMOUNT
DF
£
COST £
1234567∞ a
GROUND RENT
BUILD COSTS
1992
1997 2047 4 -1
-
54
138,000 12.53
1728510
0 1.00
0
DITTO
1993
1,000,000
.97
971286
DITTO
1994
12,050,000
.92
11041504
DITTO
1995
10,800,000
.86
9335962
DITTO
1996
650,000
.82
530082
CON FEES
1992
550,000 1.03
566260
8
DITTO
1993
1,100,000
.97
1068414
9
DITTO
1994
800,000
.92
733046
10
DITTO
1995
500,000 .86
432220
11
DITTO
1996
100,000 .82
81551
12
A/C
1996 2047
260,000 13.71
3564922
13
UTILITIES
1996 2047
28,000 13.32
372891
14
SECURITY etc
1996 2047
150,000 13.71
2056686
15
MAINTENANCE
1996 2047
30,000 13.71
411337
16
REFURB
2026
5,000,000 .14
709943
17
OFF/FURNITURE
1996
800,000 .79
633675
18
RES/FURNITURE
1996
100,000 .79
79209
NPV This Option:
34317498