Financial Key Data - Subsidies of 50% (details given in thousands of euro (TEUR))
Investment
Amount to be invested: 22,340
Subsidies: 11,050
Investment to be financed: 11,290
Initial stage to be financed: 685
Amount to be funded: 11,975 thereof
Loan: 5,975
Own capital: 6,000
| Return | 2018 | 2021 | ||
|---|---|---|---|---|
| realistic | conservative | realistic | conservative | |
| Sales revenue | 2,771 | 1,931 | 3,143 | 2,252 |
| Operating costs | 286 | 192 | 313 | 224 |
| Depreciation | 592 | 592 | 665 | 665 |
| Personnel expenses | 446 | 446 | 460 | 460 |
| Other charges | 368 | 368 | 364 | 364 |
| Interest | 339 | 352 | 260 | 320 |
| Business tax | 89 | - | 151 | 10 |
| Net result | 661 | -19 | 940 | 209 |
| Return on earnings after tax | 8,55% | -0,32% | 15,67% | 4,31% |
For presentation purposes the partners´ respective capital at the end of the planning year has been considered for the conservative variant (partner´s capital / investment less any repayments of capital without result). For the conservative variant repayments of capital have been taken into account as follows: for 2018 - 250 K€, 2019 - 400 K€, 2020 - 500 K€, 2021 - 500 K€.
Passengers / Mountain
200,000 initial contacts (ic) per year (10 months of operation), thereof 100,000 ic in winter (4 months) and 100,000 ic in summer (6 months), that is to say approx. 6,000 ic / week in winter and approx. 4,000 ic / week in summer. This shall result in 400,000 initial contacts in total at the stations of Fichtelberg and Keilberg in the year 2016. Initial contact means a person who pays once, irrespective of a single ride or an ascent and descent ride, a daily ticket, a seven-day ticket or a seasonal ski pass. (Conservative variant: With regard to the weather an extremely bad summer with 50% of the planned passengers has been taken as a basis).
Ticket prices
5.00 to 15.00 €, on average 7.60 €, VAT included for an ascent and descent ride, (10.00 € in summer; 6.40 € in winter), with 6.00 € in the scope of the joint ski pass for both skiing areas during wintertime.
Ticket prices
For the planning a joint partnership such as e.g. a limited partnership with a limited liability company as general partner (GmbH & Co. KG), has been taken as a basis. A detailed gross planning shall be based on a realisation of the project in the year 2017 and a first full year of operation in the year 2018 (more details available under gross planning - to be requested when necessary).