TNAG-2960-FCO40-4239-Future-of-Hong-Kong-British-Consulate-General-building-incl-1993 — Page 21

Afferden B

QUERSEAS ESTATE DEPARTMENT: DCF CALCULATION

HONG KONG CONSULATE-GENERAL

PROJECT:

OPTION A: RENT

BASE YR:

1993

TDR:

6.00(%)

ROE:

HK$11.75

1

START END

NPV

REF

ITEM

YEAR YEAR PERIOD

AMOUNT

DF

COST

Rent 14500m2 offices 1995 2047 Rent 41 car spaces 1995 2047 2 Fit out consits fees 1994 Fit out consits fees 1995 Fit out works costs 1995

Fit out conslts fees Fit out works costs Furnishing costs Office Srvce Charges Office utilities Rent 7 jnr flats

199L

1996

1996

1995 2047

1996 2047

1996 2047

Res Serv Chgs + Util Residntl furnishing 1996 Office introl refurb 2026

1996 2047 3

33

NNANNAAM NMMMMM

54

54

1

4,290,000 14.15 125,000 14.16 260,000

60734175

1769644

.94

245283

360,000 .89

320399

3,480,000

.89

3097188

30,000

.84

25199

મ

870,000

.84

730469

900,000

#

84

755657

54

270,000 15.01

4051776

-

54

54

28,000 14.12 200,000 14. 12

395264

2823317

54

22,000 14. 12 100,000 3,000,000 .15

310565

84

83762

438559

NPV This Option:

75781447