TNAG-2962-FCO40-4241-Future-of-Hong-Kong-British-Consulate-General-building-incl-1993 — Page 79

OVL SEAS ESTATES DEPARTMENT: DCF CALCULATION

PROJECT:HONGKONG

OPTION:RENT

BASE YR:

1993

TDR: £6.00(%)

START

END

REF

ITEM

YEAR YEAR PERIOD

AMOUNT

DF

£

NPV

COST £

1234

RENT OFFICES

1995 2047 2

2

RENT CAR PARK

1995 2047 2

54 54

4,070,000 >>>>>

61076778

125,000 >>>>>

1875822

3

FIT OUT

CON FEES

1994

1

260,000 £.94

245283

4

DITTO

1995

2

360,000 £.89

320399

5

DITTO

1996

3

6

WORKS COSTS

1995

2

7

DITTO

1996

3

30,000 4,840,000 1,120,000 £.84

£.84

25189

£.89

4307583

940374

8

OFFICE FURNISHINGS

1996

3

800,000 £.84

671695

9

RES FURNISHINGS

1996

3

10

11

12

13

14

OFFICE S.SCH. OFFICE UTILITIES OFFICE REFURB. RENT 7 x FLATS

RES S.CH./UTILITIES 1996 2047

1995 2047 2

54

100,000 £.84 270,000 >>>>>

83962

4051776

1995 2047 2 2026

54

28,000 >>>>>

420184

33

3,000,000 £.15

438559

1996 2047

3 3

54

54

210,000 >>>>> 22,000 >>>>>

2964482

310565

NPV This Option:

77732651