Khanya Cold Chain Business Plan — Appendix B: Capital and Depreciation Schedules
Detailed capital expenditure and depreciation schedules covering the building, refrigeration plant, racking, solar and vehicles.
Appendix B: Capital and Depreciation Schedules
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- Overview & contents
- i. Important Notice and Basis of Preparation
- 1. Executive Summary
- 2. The Business
- 3. Market Analysis
- 4. The Energy Strategy
- 5. Facility and Location
- 6. SWOT and Competitive Position
- 7. Commercial Plan
- 8. Operations
- 9. Financial Plan
- 10. Break-Even and Debt Service
- 11. Investment Analysis
- 12. Risk Analysis
- 13. Implementation Roadmap
- 14. Key Performance Indicators
- 15. Key Assumptions
- 16. Conclusion and Recommendation
- A. Appendix A: Consolidated Financial Summary
- B. Appendix B: Capital and Depreciation Schedules
- C. Appendix C: Funding and Debt Schedules
- D. Appendix D: Energy Model
- E. Appendix E: Risk Register
- F. Appendix F: Glossary
- B.1 Capital expenditure
- B.2 Pre-opening cost and working capital
- B.3 Property, plant and equipment roll-forward
B.1 Capital expenditure
|
Item |
Amount (R) |
% of total |
Depreciation |
|---|---|---|---|
|
Refrigeration plant, ammonia pack and evaporators |
27 600 000 |
30.7% |
10 years |
|
Insulated panelling, doors, floors and vapour barrier |
16 900 000 |
18.8% |
15 years |
|
Solar PV, 700 kWp with inverters |
9 100 000 |
10.1% |
12 years |
|
Racking, mobile racking and pallet inventory |
7 900 000 |
8.8% |
8 years |
|
Reefer fleet — 3 rigids at first close |
4 950 000 |
5.5% |
7 years |
|
Materials handling equipment: reach trucks, LPG and electric |
3 900 000 |
4.3% |
8 years |
|
Standby generation, 1.2 MVA, and electrical reticulation |
3 700 000 |
4.1% |
10 years |
|
Blast freezing tunnels |
3 200 000 |
3.6% |
10 years |
|
Battery energy storage, 600 kWh |
2 900 000 |
3.2% |
12 years |
|
Dock levellers, air locks and doors |
2 700 000 |
3.0% |
15 years |
|
Tenant installation, offices and amenities |
2 400 000 |
2.7% |
15 years |
|
Professional fees, commissioning and validation |
2 400 000 |
2.7% |
10 years |
|
WMS, monitoring, telematics and IT |
2 150 000 |
2.4% |
4 years |
|
Total capital expenditure |
89 800 000 |
100.0% |
R19 956 per position |
B.2 Pre-opening cost and working capital
|
Item |
Amount (R) |
Treatment |
|---|---|---|
|
Pre-opening costs charged to Year 1 |
4 700 000 |
Non-recurring item below EBITDA in the Year 1 income statement |
|
Lease and utility deposits |
1 490 000 |
Balance sheet — non-current asset, recoverable |
|
Opening cash and working capital |
12 400 000 |
Funds the Year 1 operating deficit and the seasonal swing |
|
Total pre-opening and working capital |
18 590 000 |
B.3 Property, plant and equipment roll-forward
|
R |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
|---|---|---|---|---|---|
|
Opening balance |
89 800 000 |
80 923 690 |
77 340 238 |
73 687 143 |
68 087 619 |
|
Maintenance capital additions |
— |
6 150 000 |
7 050 000 |
5 900 000 |
4 750 000 |
|
Depreciation charge |
(8 876 310) |
(9 733 452) |
(10 703 095) |
(11 499 524) |
(12 122 738) |
|
Closing balance |
80 923 690 |
77 340 238 |
73 687 143 |
68 087 619 |
60 714 881 |