頭壩水電站增容改造工程經(jīng)濟(jì)評(píng)價(jià)方案TC"12經(jīng)濟(jì)評(píng)價(jià)"\fC1.1概述TC"12.1概述"\fC頭壩三號(hào)水電站位于永昌縣東大河中游，是東大河流域梯級(jí)開(kāi)發(fā)的最末一級(jí)水電站，距縣城15km，是一座集供水、灌溉、發(fā)電為一體的引水式電站，引水渠道長(zhǎng)1.6公里。于1990年7月建成并網(wǎng)發(fā)電，已運(yùn)行21年。增容技改工程實(shí)施后，電站總裝機(jī)容量增為2100（3×700）kw，設(shè)計(jì)多年平均發(fā)電量1050萬(wàn)kwh,年利用小時(shí)5000小時(shí)。項(xiàng)目總工期6個(gè)月，由永昌縣水電開(kāi)發(fā)有限責(zé)任公司組織籌資、施工、驗(yàn)收、運(yùn)營(yíng)管理，并負(fù)責(zé)債務(wù)償還，獨(dú)立核算?，F(xiàn)根據(jù)以下評(píng)價(jià)依據(jù)，參考其他有關(guān)規(guī)程規(guī)范文件，根據(jù)目前電力市場(chǎng)情況，對(duì)頭壩三號(hào)電站增容改造工程進(jìn)行財(cái)務(wù)評(píng)價(jià)、國(guó)民經(jīng)濟(jì)評(píng)價(jià)及綜合評(píng)價(jià)。1.2評(píng)價(jià)依據(jù)、內(nèi)容和主要評(píng)價(jià)參數(shù)TC"12.2評(píng)價(jià)依據(jù)、內(nèi)容和主要評(píng)價(jià)參數(shù)"\fC1.2.1評(píng)價(jià)依據(jù)（1）《建設(shè)項(xiàng)目經(jīng)濟(jì)評(píng)價(jià)方法和參數(shù)》（第三版）（2）《小水電建設(shè)項(xiàng)目經(jīng)濟(jì)評(píng)價(jià)規(guī)程》（SL16-95）（3）《水利建設(shè)項(xiàng)目經(jīng)濟(jì)評(píng)價(jià)規(guī)范》（SL72-94）（4）《水電建設(shè)項(xiàng)目財(cái)務(wù)評(píng)價(jià)暫行規(guī)定》1.2.2評(píng)價(jià)的目的、原則和內(nèi)容水電站項(xiàng)目經(jīng)濟(jì)評(píng)價(jià)包括財(cái)務(wù)評(píng)價(jià)和國(guó)民經(jīng)濟(jì)評(píng)價(jià)。財(cái)務(wù)評(píng)價(jià)的目的主要是根據(jù)國(guó)家現(xiàn)行財(cái)稅制度、價(jià)格體系和建設(shè)機(jī)制，分析項(xiàng)目直接發(fā)生的財(cái)務(wù)效益和費(fèi)用，編制財(cái)務(wù)報(bào)表，計(jì)算評(píng)價(jià)指標(biāo)，考察項(xiàng)目的盈利能力等財(cái)務(wù)狀況，據(jù)以判斷項(xiàng)目的可行性。本次財(cái)務(wù)評(píng)價(jià)的主要指標(biāo)有：財(cái)務(wù)內(nèi)部收益率、固定資產(chǎn)投資貸款償還期、財(cái)務(wù)凈現(xiàn)值及投資回收期。國(guó)民經(jīng)濟(jì)評(píng)價(jià)是從國(guó)家整體角度，分析計(jì)算該項(xiàng)目的全部費(fèi)用和效益，考察項(xiàng)目對(duì)國(guó)民經(jīng)濟(jì)所做的凈貢獻(xiàn)、評(píng)價(jià)項(xiàng)目的經(jīng)濟(jì)合理性。本次國(guó)民經(jīng)濟(jì)評(píng)價(jià)的主要指標(biāo)有：國(guó)民經(jīng)濟(jì)內(nèi)部收益率、經(jīng)濟(jì)凈現(xiàn)值及經(jīng)濟(jì)效益費(fèi)用比等。1.3財(cái)務(wù)評(píng)價(jià)TC"12.3財(cái)務(wù)評(píng)價(jià)"\fC1.3.1投資計(jì)劃與資金籌措（1）固定資產(chǎn)投資根據(jù)概算成果，頭壩三號(hào)水電站增容技改工程按2011年第2季度價(jià)格水平概算工程靜態(tài)總投資為725.37萬(wàn)元，其中：機(jī)電設(shè)備技改工程投資522.21萬(wàn)元、35kv輸電線路架設(shè)工程投資39.58萬(wàn)元、渠道建筑工程投資107.31萬(wàn)元、臨時(shí)工程投資10.66萬(wàn)元、其他費(fèi)用45.61萬(wàn)元，當(dāng)年全部投入。（2）資金籌措頭壩三號(hào)水電站增容改造工程資金來(lái)源由三部分組成：申請(qǐng)國(guó)家水利部技改專項(xiàng)投資271萬(wàn)元，占總投資的37.36%；自籌217.61萬(wàn)元，占總投資的30%；長(zhǎng)期借款236.76萬(wàn)元，占總投資的32.64%，國(guó)家專項(xiàng)投資和原資產(chǎn)折余價(jià)值作為企業(yè)資本金投入，共形成資本金376.18萬(wàn)元，增容技改工程建設(shè)時(shí)電站資本金不計(jì)利息，電站投產(chǎn)后按資本金的9%付紅利（即應(yīng)付利潤(rùn)）。（3）建設(shè)期利息2011年8月1日起國(guó)內(nèi)銀行長(zhǎng)期貸款年利率8.46%，按復(fù)利計(jì)算，電站建設(shè)期利息為10.01萬(wàn)元，全部計(jì)入固定資產(chǎn)價(jià)值。（4）流動(dòng)資金電站流動(dòng)資金按每千瓦裝機(jī)50元計(jì)算，計(jì)10.5萬(wàn)元，于建設(shè)當(dāng)年籌措，全部使用資本金。1.3.2基礎(chǔ)數(shù)據(jù)（1）上網(wǎng)電量本電站多年平均發(fā)電量為1050萬(wàn)kwh,有效電量系數(shù)取98%,計(jì)有效電量為1029萬(wàn)kwh，電站廠用電率取1%，電站多年平均上網(wǎng)電量為1019萬(wàn)kwh。（2）總投資、固定資產(chǎn)、無(wú)形資產(chǎn)及遞延資產(chǎn)本電站增容技改工程靜態(tài)總投資725.37萬(wàn)元，建設(shè)期利息10.01萬(wàn)元，流動(dòng)資金10.5萬(wàn)元，電站原固定資產(chǎn)折余價(jià)值105.18萬(wàn)元，總資產(chǎn)851.06萬(wàn)元；機(jī)組全部投產(chǎn)后，形成固定資產(chǎn)價(jià)值840.56萬(wàn)元。本電站不計(jì)無(wú)形資產(chǎn)及遞延資產(chǎn)。（3）基準(zhǔn)收益率按規(guī)定，全部投資的財(cái)務(wù)基準(zhǔn)收益率采用9%，資本金的財(cái)務(wù)收益率采用9%。（4）計(jì)算期本電站技改建設(shè)期6個(gè)月，生產(chǎn)期采用28年，計(jì)算期30年，折算基準(zhǔn)年為開(kāi)工年初。1.3.3總成本費(fèi)用計(jì)算（1）發(fā)電成本本水電站發(fā)電成本主要包括經(jīng)營(yíng)成本（修理費(fèi)、職工工資及福利費(fèi)、勞動(dòng)統(tǒng)籌費(fèi)、住房公積金、庫(kù)區(qū)維護(hù)費(fèi)、材料費(fèi)、保險(xiǎn)費(fèi)、其他費(fèi)用等）和折舊費(fèi)、修理費(fèi)等。通過(guò)增容技改，電站設(shè)備達(dá)到微機(jī)自動(dòng)化技術(shù)水平，電站等級(jí)為Ⅲ級(jí)，參照水利部《農(nóng)村水電站崗位設(shè)置及定員標(biāo)準(zhǔn)》（水電[2004]212號(hào)文件）及甘肅省有關(guān)資料分析，核定電站編制16人，職工人均年工資按25000元計(jì)算，職工福利費(fèi)按工資總額的20%計(jì)算，社保統(tǒng)籌按工資總額的20%計(jì)算，住房公積金按工資總額的8%計(jì)算；材料費(fèi)采用5元/kw計(jì)算；保險(xiǎn)費(fèi)按固定資產(chǎn)價(jià)值的2.5‰計(jì)算；庫(kù)區(qū)維護(hù)費(fèi)按廠供電量每千瓦時(shí)提取0.001元；水資源費(fèi)采用0.003元/kwh計(jì)算；水費(fèi)采用發(fā)電銷售收入的3%計(jì)算；其他費(fèi)用采用12元/kw。（1）經(jīng)營(yíng)費(fèi)用職工工資：16人×25000元/年=40萬(wàn)元職工福利：40萬(wàn)元×18%=7.2萬(wàn)元社保統(tǒng)籌：40萬(wàn)元×20%=8萬(wàn)元住房公積金：40萬(wàn)元×8%=3.2萬(wàn)元材料費(fèi)：5元×2100kw=1.05萬(wàn)元保險(xiǎn)費(fèi)：845.06萬(wàn)元×2.5‰=2.11萬(wàn)元修理費(fèi)：845.06萬(wàn)元×1%=8.45萬(wàn)元水資源費(fèi)：1019萬(wàn)kwh×0.003元=3.06萬(wàn)元庫(kù)區(qū)維護(hù)費(fèi)及其他費(fèi)用:3.52萬(wàn)元年均經(jīng)營(yíng)成本：76.59萬(wàn)元基本折舊費(fèi)按固定資產(chǎn)價(jià)值×綜合折舊率求得，綜合舊率為各類固定資產(chǎn)折舊率及其相應(yīng)投資比重的加權(quán)平均值，綜合計(jì)算為3.6%。維修費(fèi)按固定資產(chǎn)價(jià)值的1%計(jì)算。（2）基本折舊費(fèi)固定資產(chǎn)投資基本折舊費(fèi)：845.06×3.6%=30.42萬(wàn)元（3）利息支出建設(shè)期和運(yùn)行期利息支出見(jiàn)還本付息表10.3.3-1。1.3.4發(fā)電效益計(jì)算（1）上網(wǎng)電價(jià)與發(fā)電收入本電站作為電網(wǎng)內(nèi)實(shí)行獨(dú)立核算的發(fā)電項(xiàng)目進(jìn)行財(cái)務(wù)評(píng)價(jià)。本項(xiàng)目經(jīng)營(yíng)期上網(wǎng)電價(jià)為現(xiàn)行電價(jià)0.227元/kwh(含增值稅)發(fā)電銷售收入=上網(wǎng)電量×上網(wǎng)電價(jià)=1019×0.227=231.31萬(wàn)元（2）稅金電力銷售稅金包括增值稅和銷售稅金附加。a、增值稅根據(jù)水利部財(cái)?shù)兀?994）46號(hào)文，縣以下小型發(fā)電單位生產(chǎn)的電力依照6%征收率計(jì)算繳納增值稅。增值稅=231.31÷1.06×0.06=13.09萬(wàn)元增值稅為價(jià)外稅，此處僅作為計(jì)算銷售稅金附加的基礎(chǔ)。b、銷售稅金附加銷售稅金附加包括城市維護(hù)建設(shè)稅和教育費(fèi)附加，以增值稅為基礎(chǔ)征收，按規(guī)定稅率分別為5%和3%。銷售稅金附加=13.09×8%=1.05萬(wàn)元（3）利潤(rùn)發(fā)電利潤(rùn)=發(fā)電收入-總成本費(fèi)用-銷售稅金附加=231.31-107.01-14.14=110.16萬(wàn)元稅后利潤(rùn)=發(fā)電利潤(rùn)-應(yīng)繳所得稅=110.16-27.54=82.62萬(wàn)元稅后利潤(rùn)提取10%的法定盈余公積金和公益金后，剩余部分為可分配利潤(rùn)；再扣除分配給投資者的應(yīng)付利潤(rùn)，即為未分配利潤(rùn)。1.3.5清償能力分析（1）借款期限與上網(wǎng)電價(jià)當(dāng)?shù)噩F(xiàn)行上網(wǎng)電價(jià)為0.227元/kwh，可在電站投入運(yùn)行后6.2年內(nèi)還清本息，初步確定借款期限為8年。（2）還款資金電站還款資金主要包括未分配利潤(rùn)和折舊費(fèi)，企業(yè)未分配利潤(rùn)全部還貸，折舊費(fèi)按90%用于還貸。（3）資金來(lái)源及運(yùn)用計(jì)算表明，機(jī)組投產(chǎn)后，計(jì)算期內(nèi)累計(jì)盈余資金達(dá)233.07萬(wàn)元。1.3.6盈利能力分析經(jīng)計(jì)算，本電站盈利能力強(qiáng)，具體指標(biāo)為：投資利潤(rùn)率：9.78%投資利稅率：13.03%資本金利潤(rùn)率：26.98%全部投資財(cái)務(wù)內(nèi)部收益率（稅前）：14.58%全部投資財(cái)務(wù)內(nèi)部收益率（稅后）：10.92%全部投資財(cái)務(wù)凈現(xiàn)值（稅前）：262.43萬(wàn)元全部投資財(cái)務(wù)凈現(xiàn)值（稅后）：51.1萬(wàn)元靜態(tài)投資回收期（所得稅前）：7.45年靜態(tài)投資回收期（所得稅后）：9.3年1.3.7財(cái)務(wù)評(píng)價(jià)指標(biāo)頭壩三號(hào)電站財(cái)務(wù)評(píng)價(jià)指標(biāo)匯總?cè)缦拢海?）增容改造工程總投資851.06萬(wàn)元（包括原資產(chǎn)折余價(jià)值105.18萬(wàn)元）其中：固定資產(chǎn)投資：725.37萬(wàn)元建設(shè)期利息：10.01萬(wàn)元流動(dòng)資金：10.5萬(wàn)元（2）經(jīng)營(yíng)期（現(xiàn)行）上網(wǎng)電價(jià)（含稅）：0.227元/kwh（3）發(fā)電銷售收入總額：6823.62萬(wàn)元（4）總成本費(fèi)用總額：3292.26萬(wàn)元（5）銷售稅附加總額：417.14萬(wàn)元（6）發(fā)電利潤(rùn)總額：3114.22萬(wàn)元（7）清償能力分析借款償還期：5.96年資產(chǎn)負(fù)債率（最大值）：28.02%(9)單位指標(biāo)（靜態(tài)投資）單位千瓦投資：3454.14元/kw單位電能投資：0.69元/kwh單位電量發(fā)電成本：0.1元/kwh單位電量經(jīng)營(yíng)成本：0.073元/kwh1.4國(guó)民經(jīng)濟(jì)評(píng)價(jià)TC"12.4國(guó)民經(jīng)濟(jì)評(píng)價(jià)"\fC1.4.1基本數(shù)據(jù)及依據(jù)（1）工程投資本工程投資概算是按現(xiàn)行市場(chǎng)價(jià)格計(jì)算的，目前主要材料、設(shè)備及人工工資等接近國(guó)家計(jì)委頒發(fā)的影子價(jià)格，為簡(jiǎn)化計(jì)算，本項(xiàng)目國(guó)民經(jīng)濟(jì)評(píng)價(jià)采用的固定資產(chǎn)投資與財(cái)務(wù)評(píng)價(jià)的投資相同，為725.37萬(wàn)元（靜態(tài)總投資）。（2）經(jīng)營(yíng)成本本項(xiàng)目國(guó)民經(jīng)濟(jì)評(píng)價(jià)的經(jīng)營(yíng)成本采用財(cái)務(wù)評(píng)價(jià)的經(jīng)營(yíng)成本，頭壩三號(hào)水電站經(jīng)營(yíng)期年平均經(jīng)營(yíng)成本為76.59萬(wàn)元。（3）工程效益按影子電價(jià)計(jì)算本項(xiàng)目效益。影子電價(jià)為0.3元/kwh,計(jì)算得頭壩三號(hào)水電站售電經(jīng)濟(jì)年收入為305.7萬(wàn)元。（4）社會(huì)折現(xiàn)率社會(huì)折現(xiàn)率采用Is=12%1.4.2國(guó)民經(jīng)濟(jì)評(píng)價(jià)指標(biāo)計(jì)算國(guó)民經(jīng)濟(jì)評(píng)價(jià)計(jì)算指標(biāo)見(jiàn)表1.4-1，國(guó)民經(jīng)濟(jì)效益費(fèi)用流量見(jiàn)表12-4。國(guó)民經(jīng)濟(jì)評(píng)價(jià)指標(biāo)表表1.4-1項(xiàng)目單位指標(biāo)評(píng)價(jià)經(jīng)濟(jì)內(nèi)部收益率%26.39大于12%經(jīng)濟(jì)凈現(xiàn)值（Is=12）萬(wàn)元700.11大于0經(jīng)濟(jì)效益費(fèi)用比1.86大于11.5綜合評(píng)價(jià)TC"12.5綜合評(píng)價(jià)"\fC1.5.1財(cái)務(wù)評(píng)價(jià)改造后頭壩三號(hào)水電站總裝機(jī)容量增為2100（3×700）kw，較原裝機(jī)增加600kw,多年平均發(fā)電量1050萬(wàn)kwh，較原設(shè)計(jì)發(fā)電量850萬(wàn)kwh增加200萬(wàn)kwh。電站工程靜態(tài)總投資725.37萬(wàn)元，相應(yīng)單位千瓦投資3454.14元/kw,單位電能投資0.69元/kwh,單位電量發(fā)電成本0.1元/kw.h，單位電量經(jīng)營(yíng)成本0.073元/kwh。頭壩三號(hào)水電站經(jīng)營(yíng)期上網(wǎng)電價(jià)為0.227元/kwh，包括建設(shè)期貸款償還期5.96年。全部投資財(cái)務(wù)內(nèi)部收益率為14.58%（稅前），財(cái)務(wù)凈現(xiàn)值為262.43萬(wàn)元，大于零；投資回收期從建設(shè)期算起稅前為7.45年，稅后為9.3年；投資利潤(rùn)率和投資利稅率分別為9.78%和13.03%。綜上分析說(shuō)明，本項(xiàng)目在財(cái)務(wù)上是可行的。1.5.2國(guó)民經(jīng)濟(jì)評(píng)價(jià)按影子電價(jià)0.30元/kwh計(jì)算，本水電站國(guó)民經(jīng)濟(jì)內(nèi)部收益率為26.39%，高于社會(huì)折現(xiàn)率12%；經(jīng)濟(jì)凈現(xiàn)值為700.11萬(wàn)元，大于零；經(jīng)濟(jì)效益費(fèi)用比為1.86，大于1；靜態(tài)投資回收期5.18年。綜上分析說(shuō)明，本項(xiàng)目在經(jīng)濟(jì)上是合理可行的。1.6綜合效益分析TC"12.6綜合效益分析"\fC頭壩三號(hào)水電站是渠道引水式電站，財(cái)務(wù)評(píng)價(jià)指標(biāo)及國(guó)民經(jīng)濟(jì)評(píng)價(jià)指標(biāo)較優(yōu)，并具有較強(qiáng)的抗風(fēng)險(xiǎn)能力，項(xiàng)目經(jīng)濟(jì)評(píng)價(jià)可行。該項(xiàng)目建成后，新增水電裝機(jī)容量600kw,每年可向永昌縣提供1019萬(wàn)kwh的電量，將極大緩解電站周邊部分地區(qū)農(nóng)民用電矛盾，提高供電可靠率，保證地方農(nóng)牧業(yè)發(fā)展用電要求，還可有效保護(hù)森林植被、保護(hù)生態(tài)環(huán)境，減少溫室氣體排放，每年可替代標(biāo)煤3664.5噸，減少排放二氧化碳約5496.75噸，減少排放二氧化硫45.8噸。將有效促進(jìn)周邊地區(qū)社會(huì)經(jīng)濟(jì)發(fā)展，提高人民生產(chǎn)生活水平，全面推進(jìn)新農(nóng)村建設(shè)。綜上所述，本項(xiàng)目在財(cái)務(wù)上是可行的，經(jīng)濟(jì)上是合理的，社會(huì)效益、經(jīng)濟(jì)效益、生態(tài)效益顯著，建議盡快改造建設(shè)。1.7附表TC"12.7附表"\fC附表12-1總成本費(fèi)用估算表附表12-2損益表（基準(zhǔn)收益率9%）附表12-3財(cái)務(wù)（全部投資）現(xiàn)金流量表（基準(zhǔn)收益率9%）附表12-4國(guó)民經(jīng)濟(jì)效益費(fèi)用流量表（基準(zhǔn)收益率9%）附表12-5借款還本付息表總成本費(fèi)用估算表表12-1序號(hào)年份項(xiàng)目建設(shè)期生產(chǎn)期123456789101112131415上網(wǎng)電量（萬(wàn)度)509.001019.001019.001019.001019.001019.001019.001019.001019.001019.001019.001019.001019.001019.001019.001電站發(fā)電成本101.81129.43126.86122.25117.3811.23107.01107.01107.01107.01107.01107.01107.01107.01107.011.1折舊費(fèi)15.2130.4230.4230.4230.4230.4230.4230.4230.4230.4230.4230.4230.4230.4230.421.2維修費(fèi)8.458.458.458.458.458.458.458.458.458.458.458.458.458.458.451.3職工工資40.0040.0040.0040.0040.0040.0040.0040.0040.0040.0040.0040.0040.0040.0040.001.4職工福利費(fèi)7.207.207.207.207.207.207.207.207.207.207.207.207.207.207.201.5社保統(tǒng)籌費(fèi)8.008.008.008.008.008.008.008.008.008.008.008.008.008.008.001.6住房公積金3.203.203.203.203.203.203.203.203.203.203.203.203.203.203.201.7水資源費(fèi)3.063.063.063.063.063.063.063.063.063.063.063.063.063.063.061.8保險(xiǎn)費(fèi)2.112.112.112.112.112.112.112.112.112.112.112.112.112.112.111.9利息支出10.0122.4219.8515.2410.375.220.000.000.000.000.000.000.000.000.002.0材料費(fèi)1.051.051.051.051.051.051.051.051.051.051.051.051.051.051.052.1其他費(fèi)用3.523.523.523.523.523.523.523.523.523.523.523.523.523.523.522總成本101.81129.43126.86122.25117.3811.23107.01107.01107.01107.01107.01107.01107.01107.01107.01其中：經(jīng)營(yíng)成本86.6099.0196.4491.8386.9681.8176.5976.5976.5976.5976.5976.5976.5976.5976.59總成本費(fèi)用估算表表12-1（續(xù)）序號(hào)年份項(xiàng)目生產(chǎn)期161718192021222324252627282930上網(wǎng)電量（萬(wàn)度)1019.001019.001019.001019.001019.001019.001019.001019.001019.001019.001019.001019.001019.001019.001019.001電站發(fā)電成本107.01107.01107.01107.01107.01107.01107.01107.01107.01107.01107.01107.01107.01107.01121.011.1折舊費(fèi)30.4230.4230.4230.4230.4230.4230.4230.4230.4230.4230.4230.4230.4230.4230.421.2維修費(fèi)8.458.458.458.458.458.458.458.458.458.458.458.458.458.458.451.3職工工資40.0040.0040.0040.0040.0040.0040.0040.0040.0040.0040.0040.0040.0040.0040.001.4職工福利費(fèi)7.207.207.207.207.207.207.207.207.207.207.207.207.207.207.201.5社保統(tǒng)籌費(fèi)8.008.008.008.008.008.008.008.008.008.008.008.008.008.008.001.6住房公積金3.203.203.203.203.203.203.203.203.203.203.203.203.203.203.201.7水資源費(fèi)3.063.063.063.063.063.063.063.063.063.063.063.063.063.063.061.8保險(xiǎn)費(fèi)2.112.112.112.112.112.112.112.112.112.112.112.112.112.112.111.9利息支出0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.002.0材料費(fèi)1.051.051.051.051.051.051.051.051.051.051.051.051.051.0515.052.1其他費(fèi)3.523.523.523.523.523.523.523.523.523.523.523.523.523.523.522總成本107.01107.01107.01107.01107.01107.01107.01107.01107.01107.01107.01107.01107.01107.01121.01其中：經(jīng)營(yíng)成本76.5976.5976.5976.5976.5976.5976.5976.5976.5976.5976.5976.5976.5976.5990.59損益表表12-2序號(hào)年份項(xiàng)目生產(chǎn)期123456789101112131415小計(jì)上網(wǎng)電量（萬(wàn)kw.h)509.001019.001019.001019.001019.001019.001019.001019.001019.001019.001019.001019.001019.001019.001019.0014775.00上網(wǎng)電價(jià)0.2270.2270.2270.2270.2270.2270.2270.2270.2270.2270.2270.2270.2270.2270.2270.2271發(fā)電銷售收入115.54231.31231.31231.31231.31231.31231.31231.31231.31231.31231.31231.31231.31231.31231.313353.932銷售稅金及附加7.0614.1414.1414.1414.1414.1414.1414.1414.1414.1414.1414.1414.1414.1414.14205.032.1增值稅6.5413.0913.0913.0913.0913.0913.0913.0913.0913.0913.0913.0913.0913.0913.09189.842.2城市維護(hù)建設(shè)稅0.330.650.650.650.650.650.650.650.650.650.650.650.650.650.659.492.3教育費(fèi)附加0.200.390.390.390.390.390.390.390.390.390.390.390.390.390.395.703總成本101.81129.43126.86122.25117.3811.23107.01107.01107.01107.01107.01107.01107.01107.01107.011673.074利潤(rùn)總額6.6787.7490.3194.9299.79104.94110.16110.16110.16110.16110.16110.16110.16110.16110.161475.825所得稅0.0021.9422.5823.7324.9526.2427.5427.5427.5427.5427.5427.5427.5427.5427.54367.296稅后利潤(rùn)6.6765.8167.7371.1974.8478.7182.6282.6282.6282.6282.6282.6282.6282.6282.621108.537可供分配利潤(rùn)0.0065.8167.7371.1974.8478.7182.6282.6282.6282.6282.6282.6282.6282.6282.621101.867.1盈余公積及公益金0.006.586.777.127.487.878.268.268.268.268.268.268.268.268.26110.197.2應(yīng)付利潤(rùn)0.0033.8633.8633.8633.8633.8633.8633.8633.8633.8633.8633.8633.8633.8633.86473.997.3未分配利潤(rùn)0.0025.3727.1030.2133.5036.9840.5040.5040.5040.5040.5040.5040.5040.5040.50517.69損益表表12-2（續(xù)）序號(hào)年份項(xiàng)目生產(chǎn)期161718192021222324252627282930合計(jì)上網(wǎng)電量（萬(wàn)kw.h)1019.001019.001019.001019.001019.001019.001019.001019.001019.001019.001019.001019.001019.001019.001019.0030060.00上網(wǎng)電價(jià)0.2270.2270.2270.2270.2270.2270.2270.2270.2270.2270.2270.2270.2270.2270.2270.2271發(fā)電銷售收入231.31231.31231.31231.31231.31231.31231.31231.31231.31231.31231.31231.31231.31231.31231.316823.622銷售稅金及附加14.1414.1414.1414.1414.1414.1414.1414.1414.1414.1414.1414.1414.1414.1414.14417.142.1增值稅13.0913.0913.0913.0913.0913.0913.0913.0913.0913.0913.0913.0913.0913.0913.09386.242.2城市維護(hù)建設(shè)稅0.650.650.650.650.650.650.650.650.650.650.650.650.650.650.6519.312.3教育費(fèi)附加0.390.390.390.390.390.390.390.390.390.390.390.390.390.390.3911.593總成本107.01107.01107.01107.01107.01107.01107.01107.01107.01107.01107.01107.01107.01107.01121.013292.264利潤(rùn)總額110.16110.16110.16110.16110.16110.16110.16110.16110.16110.16110.16110.16110.16110.1696.163114.225所得稅27.5427.5427.5427.5427.5427.5427.5427.5427.5427.5427.5427.5427.5427.5424.04776.896稅后利潤(rùn)82.6282.6282.6282.6282.6282.6282.6282.6282.6282.6282.6282.6282.6282.6272.122337.337可供分配利潤(rùn)82.6282.6282.6282.6282.6282.6282.6282.6282.6282.6282.6282.6282.6282.6272.122330.667.1盈余公積及公益金8.268.268.268.268.268.268.268.268.268.268.268.268.268.267.21233.077.2應(yīng)付利潤(rùn)33.8633.8633.8633.8633.8633.8633.8633.8633.8633.8633.8633.8633.8633.8633.86981.837.3未分配利潤(rùn)40.5040.5040.5040.5040.5040.5040.5040.5040.5040.5040.5040.5040.5040.5031.051115.77財(cái)務(wù)現(xiàn)金流量表（全部投資）表12-3序號(hào)年份項(xiàng)目建設(shè)期生產(chǎn)期123456789101112131415小計(jì)1現(xiàn)金流入量115.54231.31231.31231.31231.31231.31231.31231.31231.31231.31231.31231.31231.31231.31231.313353.931.1銷售收入115.54231.31231.31231.31231.31231.31231.31231.31231.31231.31231.31231.31231.31231.31231.313353.931.2回收固定資產(chǎn)余值1.3回收流動(dòng)資金2現(xiàn)金流出量829.53135.08133.16129.70126.05122.18118.27118.27118.27118.27118.27118.27118.27118.27118.272540.142.1固定資產(chǎn)投資725.37725.372.2流動(dòng)資金10.5010.502.3經(jīng)營(yíng)成本86.6099.0196.4491.8386.9681.8176.5976.5976.5976.5976.5976.5976.5976.5976.591231.952.4銷售稅金及附加7.0614.1414.1414.1414.1414.1414.1414.1414.1414.1414.1414.1414.1414.1414.14205.032.5所得稅0.0021.9422.5823.7324.9526.2427.5427.5427.5427.5427.5427.5427.5427.5427.54367.293稅前凈現(xiàn)金流量-713.9996.2398.16101.61105.27109.13113.04113.04113.04113.04113.04113.04113.04113.04113.04107.994稅前累計(jì)凈現(xiàn)金流量-724.49-628.26-530.11-428.49-323.23-214.10-101.0511.99125.03238.07351.11464.16577.20690.24803.285稅后凈現(xiàn)金流量-713.9974.2975.5877.8880.3282.8985.5085.5085.5085.5085.5085.5085.5085.5085.5085.506稅后累計(jì)凈現(xiàn)金流量-713.99-639.70-564.12-486.24-405.92-323.02-237.52-152.02-66.5218.98104.49189.99275.49360.99446.49備注所得稅后：財(cái)務(wù)內(nèi)部收益率IRR=10.92%財(cái)務(wù)凈現(xiàn)值FNPV=51.1萬(wàn)元靜態(tài)投資回收期pt=9.3年所得稅前：財(cái)務(wù)內(nèi)部收益率IRR=14.58%財(cái)務(wù)凈現(xiàn)值FNPV=262.43萬(wàn)元靜態(tài)投資回收期pt=7.45年財(cái)務(wù)現(xiàn)金流量表（全部投資）表12-3（續(xù)）序號(hào)年份項(xiàng)目生產(chǎn)期161718192021222324252627282930合計(jì)1現(xiàn)金流入量231.31231.31231.31231.31231.31231.31231.31231.31231.31231.31231.31231.31231.31231.31346.876939.181.1銷售收入231.31231.31231.31231.31231.31231.31231.31231.31231.31231.31231.31231.31231.31231.31231.316823.621.2回收固定資產(chǎn)余值105.96105.961.3回收流動(dòng)資金9.609.602現(xiàn)金流出量118.27118.27118.27118.27118.27118.27118.27118.27118.27118.27118.27118.27118.27118.27128.774324.712.1固定資產(chǎn)投資0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00725.372.2流動(dòng)資金0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.0010.502.3經(jīng)營(yíng)成本76.5976.5976.5976.5976.5976.5976.5976.5976.5976.5976.5976.5976.5976.5990.592394.812.4銷售稅金及附加14.1414.1414.1414.1414.1414.1414.1414.1414.1414.1414.1414.1414.1414.1414.14417.142.5所得稅27.5427.5427.5427.5427.5427.5427.5427.5427.5427.5427.5427.5427.5427.5424.04776.893稅前凈現(xiàn)金流量113.04113.04113.04113.04113.04113.04113.04113.04113.04113.04113.04113.04113.04113.04102.541793.124稅前累計(jì)凈現(xiàn)金流量916.321029.371142.411255.451368.491481.541594.581707.621820.661933.702046.752159.792272.832385.872488.415稅后凈現(xiàn)金流量85.5085.5085.5085.5085.5085.5085.5085.5085.5085.5085.5085.5085.5085.5078.501361.036稅后累計(jì)凈現(xiàn)金流量532.00617.50703.00788.50874.01959.511045.011130.511216.011301.521387.021472.521558.021643.521722.03備注所得稅后：財(cái)務(wù)內(nèi)部收益率IRR=10.92%財(cái)務(wù)凈現(xiàn)值FNPV=51.1萬(wàn)元靜態(tài)投資回收期pt=9.3年所得稅前：財(cái)務(wù)內(nèi)部收益率IRR=14.58%財(cái)務(wù)凈現(xiàn)值FNPV=262.43萬(wàn)元靜態(tài)投資回收期pt=7.45年國(guó)民經(jīng)濟(jì)效益費(fèi)用流量表（全部投資）單位：萬(wàn)元表12-4序號(hào)建設(shè)期生產(chǎn)期項(xiàng)目年份1234567891011121314151效益流量152.7305.7305.7305.7305.7305.7305.7305.7305.7305.7305.7305.7305.7305.7305.71.1發(fā)電銷售收入152.7305.7305.7305.7305.7305.7305.7305.7305.7305.7305.7305.7305.7305.7305.71.2回收固定資產(chǎn)余值1.3回收流動(dòng)資金2現(xiàn)金流出829.53135.08133.16129.70126.05122.18118.27118.27118.27118.27118.27118.27118.27118.27118.272.1固定資產(chǎn)投資725.372.2流動(dòng)資金10.502.3經(jīng)營(yíng)成本86.6099.0196.4491.8386.9681.8176.5976.5976.5976.5976.5976.5976.5976.5976.593凈現(xiàn)金流量-676.83170.62172.54176.00179.65183.52187.43187.43187.43187.43187.43187.43187.43187.43187.434累計(jì)凈現(xiàn)金流量-753.21-582.60-410.05-234.06-54.40129.11316.54503.97691.40878.831066.261253.691441.121628.551815.98備注財(cái)務(wù)內(nèi)部收益率IRR=26.39%財(cái)務(wù)凈現(xiàn)值FNPV=700.11萬(wàn)元靜態(tài)投資回收期pt=5.18年國(guó)民經(jīng)濟(jì)效益費(fèi)用流量表（全部投資）單位：萬(wàn)元表12-4（續(xù)）序號(hào)生產(chǎn)期項(xiàng)目年份1617181920212223242526272829301效益流量305.70305.70305.70305.70305.70305.70