【正文】
2023 0 . 1 $ 1 2 7 , 0 0 0 , 0 0 0 $ 7 6 , 2 0 0 , 0 0 0 $ 5 0 , 8 0 0 , 0 0 0D e b t $ 7 6 2 , 0 0 0 , 0 0 0E q u i t y $ 5 0 8 , 0 0 0 , 0 0 0% D i s n e y 43% O n G o i n g C a p i t a l E x p e n d i t u r e s% G o v e r n m e n t 57%A s s u m p t i o n s :D i s n e y E q u i t y $ 2 1 8 , 4 4 0 , 0 0 0G o v e r n m e n t E q u i t y $ 2 8 9 , 5 6 0 , 0 0 0 U S P a r k s s p e n d a p p r o x i m a t e l y $ 1 0 0 M i l l i o n e v e r y 3 y e a r s f o r n e w a t t r a c t i o n s A s s u m e 1 0 % i s l o c a l l a b o r L a b o r c o s t s a r e 1 / 3 o f U S E s t i m a t e S h a n g h a i D i s n e y l a n d w i l l s p e n d a p p r o x i m a t e l y $ 9 3 M i l l i o n e v e r y 3 y e a r s ( C u r r e n t D o l l a r s ) W i t h i n f l a t i o n , t r a n s l a t e s t o $ 3 7 . 0 2 M i l l i o n f o r 2 0 0 9 , G r o w a t r a t e o f i n f l a t i o n A s s u m e h o t e l w i l l h a v e $ 1 . 5 M i l l i o n i n C a p E x e v e r y y e a r b e g i n n i n g i n 2 0 0 9 , G r o w a t r a t e o f i n f l a t i o n To t a l C a p E x i n 2 0 0 9 i s $ 3 8 . 5 2 M i l l i o nDepreciation Yea r Ca p E x 2 0 0 4 Ca p E x 2 0 0 5 Ca p E x 2 0 0 6 Ca p E x 2 0 0 7 Ca p E x 2 0 0 8 Ca p E x T o t a l2023 $ 1 2 0 ,0 0 0 ,0 0 0 $ 6 ,0 0 0 ,0 0 0 $0 $0 $0 $0 $ 6 ,0 0 0 ,0 0 02023 $ 2 7 0 ,0 0 0 ,0 0 0 $ 6 ,0 0 0 ,0 0 0 $ 1 3 ,5 0 0 ,0 0 0 $0 $0 $0 $ 1 9 ,5 0 0 ,0 0 02023 $ 4 2 0 ,0 0 0 ,0 0 0 $ 6 ,0 0 0 ,0 0 0 $ 1 3 ,5 0 0 ,0 0 0 $ 2 1 ,0 0 0 ,0 0 0 $0 $0 $ 4 0 ,5 0 0 ,0 0 02023 $ 2 7 0 ,0 0 0 ,0 0 0 $ 6 ,0 0 0 ,0 0 0 $ 1 3 ,5 0 0 ,0 0 0 $ 2 1 ,0 0 0 ,0 0 0 $ 1 3 ,5 0 0 ,0 0 0 $0 $ 5 4 ,0 0 0 ,0 0 02023 $ 1 2 0 ,0 0 0 ,0 0 0 $ 6 ,0 0 0 ,0 0 0 $ 1 3 ,5 0 0 ,0 0 0 $ 2 1 ,0 0 0 ,0 0 0 $ 1 3 ,5 0 0 ,0 0 0 $ 6 ,0 0 0 ,0 0 0 $ 6 0 ,0 0 0 ,0 0 02023 $0 $ 6 ,0 0 0 ,0 0 0 $ 1 3 ,5 0 0 ,0 0 0 $ 2 1 ,0 0 0 ,0 0 0 $ 1 3 ,5 0 0 ,0 0 0 $ 6 ,0 0 0 ,0 0 0 $ 6 0 ,0 0 0 ,0 0 02023 $0 $ 6 ,0 0 0 ,0 0 0 $ 1 3 ,5 0 0 ,0 0 0 $ 2 1 ,0 0 0 ,0 0 0 $ 1 3 ,5 0 0 ,0 0 0 $ 6 ,0 0 0 ,0 0 0 $ 6 0 ,0 0 0 ,0 0 02023 $0 $ 6 ,0 0 0 ,0 0 0 $ 1 3 ,5 0 0 ,0 0 0 $ 2 1 ,0 0 0 ,0 0 0 $ 1 3 ,5 0 0 ,0 0 0 $ 6 ,0 0 0 ,0 0 0 $ 6 0 ,0 0 0 ,0 0 02023 $0 $ 6 ,0 0 0 ,0 0 0 $ 1 3 ,5 0 0 ,0 0 0 $ 2 1 ,0 0 0 ,0 0 0 $ 1 3 ,5 0 0 ,0 0 0 $ 6 ,0 0 0 ,0 0 0 $ 6 0 ,0 0 0 ,0 0 02023 $0 $ 6 ,0 0 0 ,0 0 0 $ 1 3 ,5 0 0 ,0 0 0 $ 2 1 ,0 0 0 ,0 0 0 $ 1 3 ,5 0 0 ,0 0 0 $ 6 ,0 0 0 ,0 0 0 $ 6 0 ,0 0 0 ,0 0 02023 $0 $ 6 ,0 0 0 ,0 0 0 $ 1 3 ,5 0 0 ,0 0 0 $ 2 1 ,0 0 0 ,0 0 0 $ 1 3 ,5 0 0 ,0 0 0 $ 6 ,0 0 0 ,0 0 0 $ 6 0 ,0 0 0 ,0 0 02023 $0 $ 6 ,0 0 0 ,0 0 0 $ 1 3 ,5 0 0 ,0 0 0 $ 2 1 ,0 0 0 ,0 0 0 $ 1 3 ,5 0 0 ,0 0 0 $ 6 ,0 0 0 ,0 0 0 $ 6 0 ,0 0 0 ,0 0 02023 $0 $ 6 ,0 0 0 ,0 0 0 $ 1 3 ,5 0 0 ,0 0 0 $ 2 1 ,0 0 0 ,0 0 0 $ 1 3 ,5 0 0 ,0 0 0 $ 6 ,0 0 0 ,0 0 0 $ 6 0 ,0 0 0 ,0 0 02023 $0 $ 6 ,0 0 0 ,0 0 0 $ 1 3 ,5 0 0 ,0 0 0 $ 2 1 ,0 0 0 ,0 0 0 $ 1 3 ,5 0 0 ,0 0 0 $ 6 ,0 0 0 ,0 0 0 $ 6 0 ,0 0 0 ,0 0 02023 $0 $ 6 ,0 0 0 ,0 0 0 $ 1 3 ,5 0 0 ,0 0 0 $ 2 1 ,0 0 0 ,0 0 0 $ 1 3 ,5 0 0 ,0 0 0 $ 6 ,0 0 0 ,0 0 0 $ 6 0 ,0 0 0 ,0 0 02023 $0 $ 6 ,0 0 0 ,0 0 0 $ 1 3 ,5 0 0 ,0 0 0 $ 2 1 ,0 0 0 ,0 0 0 $ 1 3 ,5 0 0 ,0 0 0 $ 6 ,0 0 0 ,0 0 0 $ 6 0 ,0 0 0 ,0 0 02023 $0 $ 6 ,0 0 0 ,0 0 0 $ 1 3 ,5 0 0 ,0 0 0 $ 2 1 ,0 0 0 ,0 0 0 $ 1 3 ,5 0 0 ,0 0 0 $ 6 ,0 0 0 ,0 0 0 $ 6 0 ,0 0 0 ,0 0 02023 $0 $ 6 ,0 0 0 ,0 0 0 $ 1 3 ,5 0 0 ,0 0 0 $ 2 1 ,0 0 0 ,0 0 0 $ 1 3 ,5 0 0 ,0 0 0 $ 6 ,0 0 0 ,0 0 0 $ 6 0 ,0 0 0 ,0 0 02023 $0 $ 6 ,0 0 0 ,0 0 0 $ 1 3 ,5 0 0 ,0 0 0 $ 2 1 ,0 0 0 ,0 0 0 $ 1 3 ,5 0 0 ,0 0 0 $ 6 ,0 0 0 ,0 0 0 $ 6 0 ,0 0 0 ,0 0 02023 $0 $ 6 ,0 0 0 ,0 0 0 $ 1 3 ,5 0 0 ,0 0 0 $ 2 1 ,0 0 0 ,0 0 0 $ 1 3 ,5 0 0 ,0 0 0 $ 6 ,0 0 0 ,0 0 0 $ 6 0 ,0 0 0 ,0 0 02024 $0 $0 $ 1 3 ,5 0 0 ,0 0 0 $ 2 1 ,0 0 0 ,0 0 0 $ 1 3 ,5 0 0 ,0 0 0 $ 6 ,0 0 0 ,0 0 0 $ 5 4 ,0 0 0 ,0 0 02025 $0 $0 $0 $ 2 1 ,0 0 0 ,0 0 0 $ 1 3 ,5 0 0 ,0 0 0 $ 6 ,0 0 0 ,0 0 0 $ 4 0 ,5 0 0 ,0 0 02026 $0 $0 $0 $0 $ 1 3 ,5 0 0 ,0 0 0 $ 6 ,0 0 0 ,0 0 0 $ 1 9 ,5 0 0 ,0 0 02027 $0 $0 $0 $0 $0 $ 6 ,0 0 0 ,0 0 0 $ 6 ,0 0 0 ,0 0 0Deprecia t io n E x pen s e演講完畢,謝謝觀看!