Apex Drive Academy Business Plan — Appendix B: Capital and Fleet Schedules
Detailed capital expenditure and fleet schedules covering tuition vehicles, Code EC combination units and premises equipment.
Appendix B: Capital and Fleet Schedules
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- Overview & contents
- i. Important Notice and Basis of Preparation
- 1. Executive Summary
- 2. Market and Opportunity
- 3. Regulatory Framework
- 4. The Business Model
- 5. SWOT and Competitive Position
- 6. The Capital Efficiency Question
- 7. Route to Market
- 8. Management and Governance
- 9. Financial Plan
- 10. Break-Even and Debt Service
- 11. Investment Analysis
- 12. Sensitivity and Scenario Analysis
- 13. Risk Analysis
- 14. Implementation Roadmap
- 15. Key Performance Indicators
- 16. Key Assumptions
- 17. Conclusion and Recommendation
- A. Appendix A: Consolidated Financial Summary
- B. Appendix B: Capital and Fleet Schedules
- C. Appendix C: Funding and Debt Schedules
- D. Appendix D: Risk Register
- E. Appendix E: Glossary
- B.1 Capital deployed and depreciation lives
- B.2 Capital phasing
- B.3 Fleet and volume
- B.4 Segment contribution
B.1 Capital deployed and depreciation lives
|
Item |
Amount (R) |
Life |
Annual depreciation at full deployment (R) |
|---|---|---|---|
|
Tuition vehicles, 14 over five years |
4 900 000 |
5 years |
980 000 |
|
Code EC combination units, 2 |
2 200 000 |
8 years |
275 000 |
|
Code C1 rigid vehicle |
620 000 |
8 years |
77 500 |
|
Premises, classroom and yard |
580 000 |
5 years |
116 000 |
|
Accreditation, systems and licensing |
480 000 |
3 years |
160 000 |
|
Total capital expenditure |
8 780 000 |
1 608 500 |
B.2 Capital phasing
|
R |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
|---|---|---|---|---|---|
|
Tuition vehicles |
1 750 000 |
1 050 000 |
1 050 000 |
700 000 |
350 000 |
|
Code EC combination units |
— |
1 100 000 |
1 100 000 |
— |
— |
|
Code C1 rigid vehicle |
— |
620 000 |
— |
— |
— |
|
Premises, classroom and yard |
580 000 |
— |
— |
— |
— |
|
Accreditation, systems and licensing |
480 000 |
— |
— |
— |
— |
|
Total capital deployed |
2 810 000 |
2 770 000 |
2 150 000 |
700 000 |
350 000 |
|
Depreciation charge |
626 000 |
1 051 000 |
1 398 500 |
1 538 500 |
1 608 500 |
|
Net book value at year end |
2 184 000 |
3 903 000 |
4 654 500 |
3 816 000 |
2 557 500 |
B.3 Fleet and volume
|
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
|
|---|---|---|---|---|---|
|
Tuition vehicles at year end |
5 |
8 |
11 |
13 |
14 |
|
Vehicles added in the year |
5 |
3 |
3 |
2 |
1 |
|
Code EC combination units |
— |
1 |
2 |
2 |
2 |
|
Code C1 rigid |
— |
1 |
1 |
1 |
1 |
|
Retail lesson hours |
4 752 |
9 123 |
13 685 |
16 848 |
18 385 |
|
Lesson hours per tuition vehicle |
950 |
1 140 |
1 244 |
1 296 |
1 313 |
|
Heavy-vehicle learners |
— |
48 |
118 |
131 |
138 |
|
Learnership seats |
— |
70 |
165 |
260 |
330 |
B.4 Segment contribution
|
R |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
|---|---|---|---|---|---|
|
Retail contribution at 50.8% |
938 784 |
1 828 292 |
2 754 884 |
3 396 996 |
3 737 864 |
|
Professional heavy vehicle at 28.2% |
— |
200 220 |
483 630 |
538 902 |
566 538 |
|
Corporate and learnership at 44.3% |
101 890 |
1 399 880 |
3 103 215 |
4 755 605 |
5 951 705 |
|
Total contribution |
1 010 000 |
3 288 000 |
6 213 000 |
8 642 000 |
10 256 000 |
|
Corporate share of contribution |
10.1% |
42.6% |
49.9% |
55.0% |
58.0% |