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FINANCIAL/ECONOMIC MODEL - HIGH QUALITY AREA SAFARI HUNTING - NGAMILAND 2006 - BASE CASE TABLE Sa9: LOAN FINANCING SCHEDULE ITEM PERIOD Year Year Year Year Year Year Year Year Year Year Year (Yrs) 0 1 2 3 4 5 6 7 8 9 10 LONG TERM LOANS TWENTY YEAR LOAN 20 Total Expenditure 294263 Loan Disbursements 176558 117705 0 0 0 0 0 0 0 0 0 Loan Payments 20738 34564 34564 34564 34564 34564 34564 34564 34564 34564 34564 Amortisation 8828 14713 14713 14713 14713 14713 14713 14713 14713 14713 14713 Interest Payments 11911 19851 19851 19851 19851 19851 19851 19851 19851 19851 19851 Loans Outstanding 176558 285435 270722 256008 241295 226582 211869 197156 182443 167730 153017 FIFTEEN YEAR LOAN 15 Total Expenditure 170625 Loan Disbursements 127969 42656 0 0 0 0 0 0 0 0 0 Loan Payments 16825 22433 22433 22433 22433 22433 22433 22433 22433 22433 22433 Amortisation 8531 11375 11375 11375 11375 11375 11375 11375 11375 11375 11375 Interest Payments 8293 11058 11058 11058 11058 11058 11058 11058 11058 11058 11058 Loans Outstanding 127969 162094 150719 139344 127969 116594 105219 93844 82469 71094 59719 SIX YEAR LOAN 6 6 Total Expenditure 180427 180427 Loan Disbursements 126299 54128 0 0 0 0 126299 54128 0 0 0 Loan Payments 28999 41427 41427 41427 41427 41427 41427 41427 41427 41427 41427 Amortisation 21050 30071 30071 30071 30071 30071 30071 30071 30071 30071 30071 Interest Payments 7949 11356 11356 11356 11356 11356 11356 11356 11356 11356 11356 Loans Outstanding 126299 159377 129306 99235 69164 39093 135320 159377 129306 99235 69164 FOUR YEAR LOAN 4 Total Expenditure 79800 79800 79800 Loan Disbursements 79800 0 0 0 79800 0 0 0 79800 0 0 Loan Payments 25175 25175 25175 25175 25175 25175 25175 25175 25175 25175 25175 Amortisation 19950 19950 19950 19950 19950 19950 19950 19950 19950 19950 19950 Interest Payments 5225 5225 5225 5225 5225 5225 5225 5225 5225 5225 5225 Loans Outstanding 79800 59850 39900 19950 79800 59850 39900 19950 79800 59850 39900 SHORT TERM LOANS Working Capital 1 Overdraft 647862 647862 647862 647862 647862 647862 647862 647862 647862 647862 647862 Interest Payments 97179 97179 97179 97179 97179 97179 97179 97179 97179 97179 97179 TOTAL LONG TERM LOAN DISBURSMENTS Domestic Component 382969 160867 0 0 59850 0 94724 40596 59850 0 0 Foreign Component * 135316 56840 0 0 21147 0 33469 14344 21147 0 0 TOTAL LONG TERM LOAN AMORTISATION Domestic Component 43769 57082 57082 57082 57082 57082 57082 57082 57082 57082 57082 Foreign Component * 15465 20169 20169 20169 20169 20169 20169 20169 20169 20169 20169 TOTAL INTEREST PAYMENTS Domestic Component 97918 108501 108501 108501 108501 108501 108501 108501 108501 108501 108501 Foreign Component * 34598 38337 38337 38337 38337 38337 38337 38337 38337 38337 38337 TOTAL LOANS OUTSTANDING Domestic Component 382969 500067 442985 385903 388671 331589 369231 352745 355513 298431 241349 Foreign Component * 135316 176690 156521 136352 137330 117161 130462 124637 125615 105446 85277 * Economic Values 114
FINANCIAL/ECONOMIC MODEL - HIGH QUALITY AREA SAFARI HUNTING G - NGAMILAND 2006 - BASE CASE TABLE Sa10: FINANCIAL ANALYSIS - 5 YEARS (N$, 2006) ITEM Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 EXPENDITURE Capital Expenditure 1940126 960332 0 0 Variable Expenditure 179582 1077492 1795820 1795820 Overhead Expenditure 1858507 1858507 1858507 1858507 TOTAL EXPENDITURE 3978215 3896332 3654327 3654327 INCOME Gross Income 0 2437708 4387874 4875416 Asset Residual Value 0 0 0 0 TOTAL INCOME 0 2437708 4387874 4875416 NET BENEFIT/COST -3978215 -1458624 733547 1221089 319200 0 1795820 1795820 1858507 1858507 3973527 3654327 4875416 4875416 0 1910659 4875416 6786075 901889 3131748 FINANCIAL RATE OF RETURN (FRR) OVER 5 YEARS = NET PRESENT VALUE (NPV) @ 8.00% = 2.58% -866875 TABLE Sa11: FINANCIAL ANALYSIS - 7 YEARS (N$, 2006) ITEM Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 EXPENDITURE Capital Expenditure 1940126 960332 0 0 Variable Expenditure 179582 1077492 1795820 1795820 Overhead Expenditure 1858507 1858507 1858507 1858507 TOTAL EXPENDITURE 3978215 3896332 3654327 3654327 INCOME Gross Income 0 2437708 4387874 4875416 Asset Residual Value 0 0 0 0 TOTAL INCOME 0 2437708 4387874 4875416 NET BENEFIT/COST -3978215 -1458624 733547 1221089 319200 0 505196 216512 1795820 1795820 1795820 1795820 1858507 1858507 1858507 1858507 3973527 3654327 4159523 3870840 4875416 4875416 4875416 4875416 0 0 0 2082345 4875416 4875416 4875416 6957761 901889 1221089 715893 3086922 FINANCIAL RATE OF RETURN (FRR) OVER 7 YEARS = NET PRESENT VALUE (NPV) @ 8.00% = 8.07% 14570 TABLE Sa12: FINANCIAL ANALYSIS - 10 YEARS (N$, 2006) ITEM Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 EXPENDITURE Capital Expenditure 1940126 960332 0 0 Variable Expenditure 179582 1077492 1795820 1795820 Overhead Expenditure 1858507 1858507 1858507 1858507 TOTAL EXPENDITURE 3978215 3896332 3654327 3654327 INCOME Gross Income 0 2437708 4387874 4875416 Asset Residual Value 0 0 0 0 TOTAL INCOME 0 2437708 4387874 4875416 NET BENEFIT/COST -3978215 -1458624 733547 1221089 319200 0 505196 216512 319200 0 0 1795820 1795820 1795820 1795820 1795820 1795820 1795820 1858507 1858507 1858507 1858507 1858507 1858507 1858507 3973527 3654327 4159523 3870840 3973527 3654327 3654327 4875416 4875416 4875416 4875416 4875416 4875416 4875416 0 0 0 0 0 0 1576513 4875416 4875416 4875416 4875416 4875416 4875416 6451929 901889 1221089 715893 1004576 901889 1221089 2797601 FINANCIAL RATE OF RETURN (FRR) OVER 10 YEARS = NET PRESENT VALUE (NPV) @ 8.00% = 11.86% 1106156 115
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Economic value of the Cover Okavang
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ACKNOWLEDGEMENTS This project was f
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# # # # # # # # # # typically quite
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household demographics, the relativ
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are harvested annually in the study
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3. Wise use, based on Ramsar planni
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5.4.5 Palms........................
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1 INTRODUCTION 1.1 Background The O
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• inform economically efficient p
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2 STUDY AREA 2.1 Location and exten
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Maunachira-Khwai) and thence into n
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2.2.5 Soils The soils of the delta
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Figure 2-3 Land use categories for
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# # # # # # # # # # Shakawe # # # #
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3 VALUATION FRAMEWORK AND METHODOLO
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other variable relevant for policy)
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3.3.2.1 Focus group discussions and
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A total of 430 households from 12 v
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Income and Expenditure Survey, a ne
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WMAs pay a lease to the local gover
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Table 4-3 Estimated direct gross ou
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Table 5-3 Average numbers of dwelli
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Table 5-6. Average number and produ
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5.3.2 Cropping Some 75% of househol
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N W SW SE C Table 5-15. Average val
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general consensus was that pottery
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Reed mats are used by a few househo
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price, and the resource generates s
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large quantities. This is a very im
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N W SW SE C Table 5-34. Estimated h
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Table 5-39 Relative proportion of d
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Mosepele (2005) recorded a fairly c
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The regulation of hunting stripped
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5.5 The contribution of delta resou
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6 INDIRECT USE VALUE 6.1 Indirect u
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6.3 Indirect use values in the Okav
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estimate the net carbon sink of Aus
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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 and 112: 69 Wilderness Dawning 70 Wilmot Saf
Page 113 and 114: FINANCIAL/ECONOMIC MODEL - HIGH QUA
Page 123 and 124: 16 APPENDIX 4. THE SAFARI HUNTING E
Page 129: FINANCIAL/ECONOMIC MODEL - HIGH QUA
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
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