【正文】 ................................................................................................................................................................ 26 損益表與項(xiàng)目靜態(tài)盈利能力分析 ....................................................................................................................... 26 =（ 17,／ 3,000／ 8） 100% ................................................................................................................................. 27 （ 1）建設(shè)期（ 2021 年至 2021 年）部分的 ................................................................................................................. 27 現(xiàn)金流量表與項(xiàng)目動(dòng)態(tài)盈利能力分析 .................................................................................................................... 28 （ 1）全部投資 現(xiàn)金流量表 .................................................................................................................................. 28 （ 2）自有資金 現(xiàn)金流量表 ............................................................................................................................................. 28 資金來(lái)源和運(yùn)用與資金平衡能力分析 .................................................................................................................... 29 （七）不確定分析 ............................................................................................................................................................ 29 盈虧平衡分析 ..................................................................................................................................................... 29 敏感性分析 .................................................................................................................................................................. 29 （ 1）單因數(shù)敏感性分析 ..................................................................................................................................... 29 【 1】成本不變而 租金售價(jià)變化對(duì)收益的影響 ............................................................................................... 29 〖 1〗租金售價(jià)變化對(duì)財(cái)務(wù)凈現(xiàn)值的影響 .................................................................................................. 29 〖 2〗租金售價(jià)變化對(duì)財(cái)務(wù)內(nèi)部收益率的影響 ........................................................................................... 30 【 2】 租金售價(jià)不變而成本變化對(duì)收益的影響 ............................................................................................... 30 〖 1〗成本變化對(duì)財(cái)務(wù)凈現(xiàn)值的影響 .......................................................................................................... 30 〖 2〗成本變化對(duì)財(cái)務(wù)內(nèi)部收益率的影響 .................................................................................................. 31 （ 2）多因數(shù)敏感性分析 ..................................................................................................................................... 31 【 1】 租金售價(jià)上升 5%時(shí)成本變化對(duì)收益的影響 .......................................................................................... 31 〖 1〗租金售價(jià)上升 5%時(shí)成本變化對(duì)財(cái)務(wù)凈現(xiàn)值的影響 ........................................................................... 31 〖 2〗租金售價(jià)上升 5%時(shí)成本變化對(duì)財(cái)務(wù)內(nèi)部收益率的影響 ................................................................... 31 【 2】 租金售價(jià)上升 10%時(shí)成本變化對(duì)收益的影響 ........................................................................................ 32 〖 1〗租金售價(jià)上升 10%時(shí)成本變化對(duì)財(cái)務(wù)凈現(xiàn)值的影響 ........................................................................................ 32 〖 2〗租金售價(jià)上升 10%時(shí)成本變化對(duì)財(cái)務(wù)內(nèi)部收益率的影響 ................................................................. 32 【 3】 租金售價(jià)下降 5%時(shí)成本變化對(duì)收益的影響 .......................................................................................... 33 〖 1〗租金售價(jià)下降 5%時(shí)成本變化對(duì)財(cái)務(wù)凈現(xiàn)值的影響 .......................................................................................... 33 〖 2〗租金售價(jià)下降 5%時(shí)成本變化對(duì)財(cái)務(wù)內(nèi)部收益率的影響 ................................................................... 33 【 4】 租金售價(jià)下降 10%時(shí)成本變化對(duì)收益的影響 ........................................................................................ 34 〖 1〗租金售價(jià)下降 10%時(shí)成本變化對(duì)財(cái)務(wù)凈現(xiàn)值的影響 ........................................................................................ 34 〖 2〗租金售價(jià)下降 10%時(shí)成本變化對(duì)財(cái)務(wù)內(nèi)部收益率的影響 ................................................................. 34 本項(xiàng)目預(yù)計(jì)實(shí)際收益分析 .................................................................................................................................. 35 三、項(xiàng)目風(fēng)險(xiǎn)分析 ....................................................................................................................................................... 36 （一）空壓廠破產(chǎn)清理風(fēng)險(xiǎn) ........................................................................................................................................... 36 第 5 頁(yè) 共 51 頁(yè) （二）土地出讓政策風(fēng)險(xiǎn) ............................................................................................................................................... 36 四、項(xiàng)目評(píng)估結(jié)論 ....................................................................................................................................................... 36 附表 ..................................................................................................................................................................................... 37 一、土地開(kāi)發(fā)模式附表 ............................................................................................................................................... 37 表一 總投資與成本估算表 .................................................................................................................................. 37 表二 資金籌措表 ................................................................................................................................................... 37 二、房產(chǎn)開(kāi)發(fā)模式附 表 ................................................................................................................................................... 38 表一 總投資與成本估算表 .................................................................................................................................. 38