FEASIBILITY OF FINANCIAL ANALYSIS RUBBER PLANT IN POST COAL MINING IN KUTAI KARTANEGARA EAST KALIMANTAN

Abstract

The research aimed was to analyze input and output cost to study business feasibility of replanting of rubber mined out area in Kutai Kartanegara District, East Kalimantan. Methode that used do with field survey, discuss with expert in Kutai Kartanegara District.

Feasibility study for rubber replanting to mined out area need investment budget Rp.18,044,730,000,-. The investment budget was funded by 40% capital industry owner and 60% debt. Sensitivity analysis with planned production and planned price: NPV analyses was shows 140,448 billion values, 40,73 IRR, Net B/C 3,26, PBP for 7 year and 6 month  and BEP 16.035.298 metric ton. Based on decreased production 10% and planned price NPV analysis was shows 119,997 billion values, 35, 96 IRR, Net B/C 2, 93, PBP for 7 year and 7 month and BEP 18.365.413 metric ton. Depend on planned production and decreased   price 10% NPV analyses was shows 117,533 billion values, 35, 56 IRR, Net B/C 2, 89, PBP for 7 year and 8 month and BEP 21.035.210 metric ton. After that sensitivity analysis for production and decreased price 10% NPV analysis was shows 96,782 billion values, 31,34 IRR, Net B/C 2,56, PBP for 8 year and 4 month  and BEP 24.453.841 metric ton. If production increased and planned price NPV analysis was shows 166,659 billion values, 45,54 IRR, Net B/C 3,68, PBP for 7 year and 3 month  and BEP 12.303.284 metric ton, and sensitivity analysis for planned production and increased price NPV analysis was shows 169,122 billion values, 45,94 IRR, Net B/C 3,72, PBP for 7 year and 2 month  and BEP 10.806.888 metric ton, and finally if production and price increased price NPV analysis was shows 196,252 billion values, 51,32 IRR, Net B/C 4,16, PBP for 6 year and 10 month  and BEP 8.020.646 metric ton.