Download PDF - Anchor Environmental

More documents

Recommendations

Info

15 APPENDIX 3. THE ECOTOURISM LODGE MODEL DELTA STUDY FINANCIAL/ECONOMIC MODEL - HIGH QUALITY AREA TOURISM - NGAMILAND 2006 - BASE CASE ASSUMPTIONS* Production System: 18 bed, up-market lodge offering all inclusive, guided, wildlife viewing. Site: High quality, unfenced area with river/floodplain frontage and mixed population of northeastern woodland species. Game Density: 100% 6.23 LSU Equivalents/Sq. Km. or, 16 Hectares per LSU Equivalent Carrying Capacity: 100% 0.125 Tourist Beds/Sq. Km. or, 800 Ha. per Tourist Bed Concession Size: 14400 Hectares or, 144 Square Kilometres Tourist Category: Overseas 80% Regional 10% Resident 5% Citizen 5% Adults 90% Children 10% Occupancy Rate: 100% 57.5% Average Length of Stay: 4 Days Daily Tariffs (P): 100% Overseas 2486 Regional 2486 Resident 2486 Citizen 2486 Children 100% of Adult Price Capital Item Prices: 100% (Variation from Normal for Sensitivity Analysis) Capital Sources: 100% Loan = 25% Equity = 75% and: 100% Foreign 25% Domestic 75% Interest Rates: 100% Rate for Capital Loans: 10% Rate for Working Capital Loans: 15% Working Capital as Proportion of Annual Operating Costs: 20% Park Entry Fees: 100% Fee per Tourist Night/Day: P 30.00 Land Rental and Resource Royalty (P): 100% Rental: 17.10 per Ha. 100% Royalty: 4% of Turnover Manpower Needs: 100% Managers 6 Skilled Labour 7 Unskilled Labour 15 100% Management: Foreign 50% Citizen 50% Shadow Wage Adjustment: 100% Managers 1.00 Skilled Labour 1.00 100% Unskilled Labour 0.50 Foreign Exchange Premium: 100% 6% Adjustment Factor = 1.06 Tax Adjustments: 100% General Sales Tax: 11% Import Taxes: from SACU: 0% to SACU: n/a Discount Rates: 100% Financial Discount Rate: 8% Economic Discount Rate: 8% Opportunity Cost of Capital: 100% 8% Static models depict enterprise at full production. Static financial model includes interest, amortisation government fees, royalties and land rentals. Static economic model takes foreign inflows and outflows into account, excludes other interest and transfers and values enterprise in economic prices before land and government costs Dynamic models presented over 5 and 10 years, to measure IRR and NPV. Financial dynamic model, at constant prices, excludes interest and depreciation, and includes asset residual values. Economic model includes foreign inflows and outflows, and measures value of enterpise in economic prices before inclusion of land costs and public expenditures. * Shaded cells indicate degree of conformity with base case values. Underlined shaded cells can be changed 96
FINANCIAL/ECONOMIC MODEL - HIGH QUALITY AREA TOURISM - NGAMILAND 2006 - BASE CASE TABLE 1: CAPITAL REQUIREMENTS ITEM QUANT. PRICE FINAN. LIFE AMORT. DEPREC- ECON. FOREX TAX ECON. PULA COST Years + INT. IATION DEPR. ADJ. ADJ. COST FIXED CAPITAL DOMESTIC ITEMS Houses Manager 3 162180 486541 40 57149 12164 10826 1.00 0.89 433021 Houses Labour 18 24388 438984 40 51563 10975 9767 1.00 0.89 438984 Storerooms 1 243880 243880 40 28646 6097 5426 1.00 0.89 217053 Tourist Lodges 1 3182634 3182634 40 373831 79566 70814 1.00 0.89 2832544 Borehole 0 304850 0 40 0 0 0 1.00 0.89 0 Reservoir (Whole Water System) 1 792610 792610 40 93100 19815 17636 1.00 0.89 705423 Reticulation/Pans 0 5460 0 40 0 0 0 1.00 0.89 0 Firebreaks 0.00 7462 0 40 0 0 0 1.00 0.89 0 Hiking Trails 0.00 1092 0 40 0 0 0 1.00 0.89 0 Power/Road to Site 1 60970 60970 40 7162 1524 1357 1.00 0.89 54263 CONTINGENCIES @ 5% 260281 40 30573 6507 5791 1.00 0.89 231650 SUBTOTAL DOMESTIC ITEMS 5465900 4912939 TRADABLE ITEMS Boma 0 63882 0 20 0 0 0 1.06 0.89 0 Hiker Camps 0 0 0 15 0 0 0 1.06 0.89 0 Pump/Windmill 1 118300 118300 15 15553 7887 7440 1.06 0.89 111604 Fencing Perimeter 0.00 106707 0 15 0 0 0 1.06 0.89 0 Fencing Internal 0.00 97006 0 15 0 0 0 1.06 0.89 0 CONTINGENCIES @ 5% 5915 15 778 394 372 1.06 0.89 5580 SUBTOTAL TRADABLES 124215 117184 SUBTOTAL- FIXED CAPITAL 5590115 5030123 MOVABLE CAPITAL TRADABLE ITEMS Land Cruisers/Trucks/Vans 4 245045 980179 4 309218 245045 231175 1.06 0.89 924701 Tools/Office Equipment 1 54054 54054 6 12411 9009 8499 1.06 0.89 50995 Lodge Equipment 1 71171 71171 6 16341 11862 11190 1.06 0.89 67143 Boats 3 12012 36036 6 8274 6006 5666 1.06 0.89 33996 CONTINGENCIES @ 10% 114144 6 26208 19024 17947 1.06 0.89 107683 SUBTOTAL TRADABLES 1255584 1184518 DOMESTIC ITEMS Capture: Small Antelope 0 0 0 40 0 1.00 0.89 0 : Large Antelope 0 0 0 40 0 1.00 0.89 0 : Ostrich 0 0 0 40 0 1.00 0.89 0 : Other Animals 0 0 0 40 0 1.00 0.89 0 Horses and Donkeys 0 0 0 40 0 1.00 0.89 0 CONTINGENCIES @ 10% 0 40 0 1.00 0.89 0 SUBTOTAL- DOMESTIC ITEMS 0 0 SUBTOTAL- MOVABLE CAPITAL 1255584 1184518 WORKING CAPITAL LOAN INTEREST VARIABLE 775808 116371 1.06 1.00 822356 OVERHEAD 582828 87424 1.06 1.00 617798 SUBTOTAL- WORKING CAPITAL 1358636 203795 1440154 TOTALS 8204335 203795 1030806 435874 403907 7654795 97
Page 1:
Economic value of the Cover Okavang
Page 5 and 6:
ACKNOWLEDGEMENTS This project was f
Page 7 and 8:
# # # # # # # # # # typically quite
Page 9 and 10:
household demographics, the relativ
Page 11 and 12:
are harvested annually in the study
Page 13 and 14:
3. Wise use, based on Ramsar planni
Page 15 and 16:
5.4.5 Palms........................
Page 17 and 18:
1 INTRODUCTION 1.1 Background The O
Page 19 and 20:
• inform economically efficient p
Page 21 and 22:
2 STUDY AREA 2.1 Location and exten
Page 23 and 24:
Maunachira-Khwai) and thence into n
Page 25 and 26:
2.2.5 Soils The soils of the delta
Page 27 and 28:
Figure 2-3 Land use categories for
Page 29 and 30:
# # # # # # # # # # Shakawe # # # #
Page 31 and 32:
3 VALUATION FRAMEWORK AND METHODOLO
Page 33 and 34:
other variable relevant for policy)
Page 35 and 36:
3.3.2.1 Focus group discussions and
Page 37 and 38:
A total of 430 households from 12 v
Page 39 and 40:
Income and Expenditure Survey, a ne
Page 41 and 42:
WMAs pay a lease to the local gover
Page 43 and 44:
Table 4-3 Estimated direct gross ou
Page 45 and 46:
Table 5-3 Average numbers of dwelli
Page 47 and 48:
Table 5-6. Average number and produ
Page 49 and 50:
5.3.2 Cropping Some 75% of househol
Page 51 and 52:
N W SW SE C Table 5-15. Average val
Page 53 and 54:
general consensus was that pottery
Page 55 and 56:
Reed mats are used by a few househo
Page 57 and 58:
price, and the resource generates s
Page 59 and 60:
large quantities. This is a very im
Page 61 and 62: N W SW SE C Table 5-34. Estimated h
Page 63 and 64: Table 5-39 Relative proportion of d
Page 65 and 66: Mosepele (2005) recorded a fairly c
Page 67 and 68: The regulation of hunting stripped
Page 69 and 70: 5.5 The contribution of delta resou
Page 71 and 72: 6 INDIRECT USE VALUE 6.1 Indirect u
Page 73 and 74: 6.3 Indirect use values in the Okav
Page 75 and 76: estimate the net carbon sink of Aus
Page 77 and 78: Valuable migratory wildlife species
Page 79 and 80: External wildlife uses In order to
Page 81 and 82: Sanitary facilities are poorer. Alm
Page 83 and 84: Service Table 6-12. Summary of esti
Page 85 and 86: 8 THE VALUE OF THE OKAVANGO DELTA I
Page 87 and 88: Table 8-2 Summary of the direct eco
Page 89 and 90: Ramsar site Wetland Rentals & royal
Page 91 and 92: The SAM can also provide an indicat
Page 93 and 94: 9.3 Description of selected scenari
Page 95 and 96: 9.3.4 Scenario 4. Wise use plus ups
Page 97 and 98: 9.4 Parameters under different scen
Page 99 and 100: 10 CONCLUSIONS AND RECOMMENDATIONS
Page 101 and 102: 11 REFERENCES Abril, A & Bucher, E.
Page 103 and 104: Mbaiwa, J.E. 2002. The socio-econom
Page 105 and 106: 12 GLOSSARY Abstraction - pumping w
Page 107 and 108: Profit - the difference between 'gr
Page 109 and 110: 14 APPENDIX 2. TOURISM OPERATIONS I
Page 111: 69 Wilderness Dawning 70 Wilmot Saf
Page 115 and 116: FINANCIAL/ECONOMIC MODEL - HIGH QUA
Page 123 and 124: 16 APPENDIX 4. THE SAFARI HUNTING E
Page 135 and 136: Table A5.1 Structure of a Social Ac
Page 137 and 138: The sum of this column is the total
Page 139: generation and household expenditur
show all

Download PDF - Anchor Environmental

Create successful ePaper yourself

Delete template?

Save as template?