Green Master Vegetables Business Plan — Appendix B: Capital Schedules
Detailed capital expenditure schedules by year covering irrigation, tunnels, land preparation, pack house and vehicles.
Appendix B: Capital Schedules
Jump to section
- Overview & contents
- i. Important Notice
- 1. Executive Summary
- 2. Why Limpopo
- 3. The Market and the Commission Problem
- 4. Water: The Binding Constraint
- 5. Open Field Versus Tunnels
- 6. Crop Plan and Rotation
- 7. SWOT and Competitive Position
- 8. Route to Market
- 9. Unit Economics
- 10. The Five-Year Build and Its Gates
- 11. Funding
- 12. People and Operations
- 13. Certification and Compliance
- 14. Financial Projections
- 15. Break-Even
- 16. Sensitivity and Scenarios
- 17. Risk Management
- 18. Implementation Timeline
- 19. Returns
- 20. Key Performance Indicators
- 21. Key Assumptions
- 22. Conclusion
- A. Appendix A: Consolidated Financial Summary
- B. Appendix B: Capital Schedules
- C. Appendix C: Funding and Debt Schedules
- D. Appendix D: Risk Register
- E. Appendix E: Glossary
- B.1 Year 1 capital
- B.2 Year 2 capital
- B.3 Year 3 capital
- B.4 Year 4 capital
- B.5 Year 5 capital
- B.6 Capital summary
- B.7 Asset roll-forward
B.1 Year 1 capital
|
Item |
R’000 |
Treatment |
Share of year |
|---|---|---|---|
|
Water: borehole, pump, storage dam lining and mainline |
780 |
Capitalised and depreciated |
19.5% |
|
Drip irrigation, 8 hectares |
520 |
Capitalised and depreciated |
13.0% |
|
Two multi-span tunnels, 1.5 hectares |
690 |
Capitalised and depreciated |
17.2% |
|
Tractor, trailer and basic implements |
620 |
Capitalised and depreciated |
15.5% |
|
Packhouse: shade structure, tables, grading and cold room |
465 |
Capitalised and depreciated |
11.6% |
|
Fencing and farm security |
185 |
Capitalised and depreciated |
4.6% |
|
Bakkie |
265 |
Capitalised and depreciated |
6.6% |
|
Water use authorisation, soil analysis and professional fees |
145 |
Capitalised and depreciated |
3.6% |
|
Opening inputs and pre-production working capital |
340 |
Working capital |
8.5% |
|
Total Year 1 |
4 010 |
100.0% |
B.2 Year 2 capital
|
Item |
R’000 |
Treatment |
Share of year |
|---|---|---|---|
|
Drip irrigation extension |
340 |
Capitalised and depreciated |
25.3% |
|
Additional tunnels, 1 hectare |
480 |
Capitalised and depreciated |
35.7% |
|
Implements and sprayer |
285 |
Capitalised and depreciated |
21.2% |
|
Working capital |
240 |
Working capital |
17.8% |
|
Total Year 2 |
1 345 |
100.0% |
B.3 Year 3 capital
|
Item |
R’000 |
Treatment |
Share of year |
|---|---|---|---|
|
Irrigation extension and pump upgrade |
520 |
Capitalised and depreciated |
20.3% |
|
Tunnels, 1.5 hectares |
720 |
Capitalised and depreciated |
28.1% |
|
Cold room expansion and packhouse upgrade |
420 |
Capitalised and depreciated |
16.4% |
|
Second tractor |
580 |
Capitalised and depreciated |
22.7% |
|
Working capital |
320 |
Working capital |
12.5% |
|
Total Year 3 |
2 560 |
100.0% |
B.4 Year 4 capital
|
Item |
R’000 |
Treatment |
Share of year |
|---|---|---|---|
|
Irrigation extension |
610 |
Capitalised and depreciated |
25.5% |
|
Tunnels, 1.5 hectares |
760 |
Capitalised and depreciated |
31.8% |
|
Refrigerated delivery vehicle |
640 |
Capitalised and depreciated |
26.8% |
|
Working capital |
380 |
Working capital |
15.9% |
|
Total Year 4 |
2 390 |
100.0% |
B.5 Year 5 capital
|
Item |
R’000 |
Treatment |
Share of year |
|---|---|---|---|
|
Irrigation extension and water storage |
720 |
Capitalised and depreciated |
28.8% |
|
Tunnels, 1.5 hectares |
800 |
Capitalised and depreciated |
32.0% |
|
Packhouse automation and cold chain |
560 |
Capitalised and depreciated |
22.4% |
|
Working capital |
420 |
Working capital |
16.8% |
|
Total Year 5 |
2 500 |
100.0% |
B.6 Capital summary
|
Year |
Capitalised |
Working capital |
Total |
Cumulative |
|---|---|---|---|---|
|
Year 1 |
3 670 |
340 |
4 010 |
4 010 |
|
Year 2 |
1 105 |
240 |
1 345 |
5 355 |
|
Year 3 |
2 240 |
320 |
2 560 |
7 915 |
|
Year 4 |
2 010 |
380 |
2 390 |
10 305 |
|
Year 5 |
2 080 |
420 |
2 500 |
12 805 |
|
Total |
11 105 |
1 700 |
12 805 |
B.7 Asset roll-forward
|
R’000 |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
|---|---|---|---|---|---|
|
Opening balance |
— |
3 329 |
3 979 |
5 546 |
6 680 |
|
Additions, capitalised |
3 670 |
1 105 |
2 240 |
2 010 |
2 080 |
|
Depreciation |
(341) |
(455) |
(673) |
(876) |
(1 088) |
|
Closing balance |
3 329 |
3 979 |
5 546 |
6 680 |
7 672 |