Operations Manual 2 Estate Master DF Table of Contents Part I Introduction to Estate Master 6 1 Introduction ................................................................................................................................... 6 2 Program Integrity................................................................................................................................... 6 3 System Requirements................................................................................................................................... 7 Part II Installation 9 Part III Introduction to Development Feasibility Analysis 11 1 Development................................................................................................................................... Margin 11 2 Time Value of................................................................................................................................... Money 11 3 Discounted ...................................................................................................................................Cash Flow Analysis 12 4 Performance................................................................................................................................... Indicators 12 5 Risk Assessment................................................................................................................................... 13 6 Discount Rate................................................................................................................................... 13 7 Residual Land................................................................................................................................... Values 14 Part IV Quick Start Guide 17 1 Quick Start ................................................................................................................................... 17 2 Navigation ................................................................................................................................... 18 3 Estate Master................................................................................................................................... Menu 19 4 Estate Master................................................................................................................................... Tool Bar 20 5 Resizing the................................................................................................................................... Model 21 Part V Estate Master Preferences 23 1 General ................................................................................................................................... 24 2 Inputs ................................................................................................................................... 25 3 Taxation ................................................................................................................................... 27 4 Financials ................................................................................................................................... 30 5 Joint Venture................................................................................................................................... 32 6 Hurdle Rates................................................................................................................................... 33 7 Display ................................................................................................................................... 35 Part VI Input Assumptions 37 1 Open File ................................................................................................................................... 37 2 Set Preferences................................................................................................................................... 37 3 Inputting Data................................................................................................................................... 37 4 Project Introduction................................................................................................................................... 38 5 Preliminary ................................................................................................................................... 39 © 2009 Estate Master Pty Ltd Contents 3 6 Taxation (GST,VAT,etc)................................................................................................................................... 40 7 Land Purchase................................................................................................................................... and Acquisition Costs 41 8 Cost Escaltion................................................................................................................................... Rates 43 9 Project Contingency................................................................................................................................... 44 10 Professional................................................................................................................................... Fees 44 11 Construction................................................................................................................................... Costs 46 12 Statutory Fees................................................................................................................................... and Contributions 47 13 Miscellaneous................................................................................................................................... Costs 48 14 Land Holding................................................................................................................................... Costs 50 15 Revenue Escalation................................................................................................................................... Rates 51 16 Selling Costs................................................................................................................................... 52 17 Leasing Costs................................................................................................................................... 54 18 Sales Revenue................................................................................................................................... Collection Profile 55 19 Tenants ................................................................................................................................... 57 20 Sales ................................................................................................................................... 61 21 Other Income................................................................................................................................... 63 22 Financing ................................................................................................................................... 64 23 Equity ................................................................................................................................... 69 24 Loans 1, 2 and................................................................................................................................... 3 72 25 Senior Loan................................................................................................................................... 75 26 Other Finance................................................................................................................................... Costs 77 27 Project Hurdle................................................................................................................................... Rates 78 28 Project Timeline................................................................................................................................... (Gantt Chart) 79 29 Manual Cash................................................................................................................................... Flow Inputs 80 30 Stamp Duty ...................................................................................................................................Tables 82 31 Land Tax Tables................................................................................................................................... 83 32 S-Curves ................................................................................................................................... 84 Part VII Storing and Recalling Options/Stages 86 1 Using the Options/Stages................................................................................................................................... Function 86 2 Storing ................................................................................................................................... 86 3 Recalling ................................................................................................................................... 87 4 Clearing Data................................................................................................................................... 88 5 The Consolidate................................................................................................................................... Report 88 Part VIII Summary and Cash Flow Reporting 91 1 Development..................................................................................................................................