第十一章房地產(chǎn)投資財(cái)務(wù)分析

1、2022-2-2Edited by 龍勝平孫斌藝龍勝平孫斌藝12022-2-2Edited by 龍勝平孫斌藝龍勝平孫斌藝22022-2-2Edited by 龍勝平孫斌藝龍勝平孫斌藝32022-2-2Edited by 龍勝平孫斌藝龍勝平孫斌藝42022-2-2Edited by 龍勝平孫斌藝龍勝平孫斌藝52022-2-2Edited by 龍勝平孫斌藝龍勝平孫斌藝62022-2-2Edited by 龍勝平孫斌藝龍勝平孫斌藝72022-2-2Edited by 龍勝平孫斌藝龍勝平孫斌藝82022-2-2Edited by 龍勝平孫斌藝龍勝平孫斌藝92022-2-2Edited by 龍勝平

2、孫斌藝龍勝平孫斌藝102022-2-2Edited by 龍勝平孫斌藝龍勝平孫斌藝112022-2-2Edited by 龍勝平孫斌藝龍勝平孫斌藝122022-2-2Edited by 龍勝平孫斌藝龍勝平孫斌藝132022-2-2Edited by 龍勝平孫斌藝龍勝平孫斌藝142022-2-2Edited by 龍勝平孫斌藝龍勝平孫斌藝152022-2-2Edited by 龍勝平孫斌藝龍勝平孫斌藝16序號項(xiàng)目合計(jì)計(jì)算期012n11.11.21.31.41.522.12.22.32.42.52.62.734現(xiàn)金流入租售（經(jīng)營）收入回收固定資產(chǎn)殘值回收流動資金凈轉(zhuǎn)售收入其他現(xiàn)金流入現(xiàn)金流出開發(fā)建

3、設(shè)投資（不含建設(shè)期利息）流動資金投資經(jīng)營成本經(jīng)營稅金及附加增值稅所得稅其他現(xiàn)金流出凈現(xiàn)金流量（1-2）累計(jì)凈現(xiàn)金流量2022-2-2Edited by 龍勝平孫斌藝龍勝平孫斌藝17序號項(xiàng)目合計(jì)計(jì)算期012n11.11.21.31.41.522.12.22.32.42.52.62.72.834現(xiàn)金流入租售（經(jīng)營）收入回收固定資產(chǎn)殘值回收流動資金凈轉(zhuǎn)售收入其他現(xiàn)金流入現(xiàn)金流出自有資金投資借款本金償還借款利息支出經(jīng)營成本經(jīng)營稅金及附加增值稅所得稅其他現(xiàn)金流出凈現(xiàn)金流量（1-2）累計(jì)凈現(xiàn)金流量2022-2-2Edited by 龍勝平孫斌藝龍勝平孫斌藝18項(xiàng)目第一年第二年第三年第四年第五年第六年總經(jīng)營

4、收入 減：空置損失實(shí)際總經(jīng)營收入 減：經(jīng)營成本房地產(chǎn)稅凈經(jīng)營收入 減：貸款本息稅前現(xiàn)金流量 加：本金 減：折舊應(yīng)納稅所得額 乘：所得稅率所得稅額稅前現(xiàn)金流量 減：所得稅稅后現(xiàn)金流量2022-2-2Edited by 龍勝平孫斌藝龍勝平孫斌藝19項(xiàng)目資金預(yù)計(jì)銷售價格 減：銷售費(fèi)用凈銷售收入 減：土地銷售成本建筑物銷售成本應(yīng)納稅銷售收入 乘：所得稅率銷售所得稅凈銷售收入 減：銷售所得稅貸款余額稅后銷售現(xiàn)金流量2022-2-2Edited by 龍勝平孫斌藝龍勝平孫斌藝202022-2-2Edited by 龍勝平孫斌藝龍勝平孫斌藝21序號項(xiàng)目合計(jì)計(jì)算期123n123456789101112租售（營

5、業(yè)）收入經(jīng)營稅金及附加增值稅總成本費(fèi)用利潤總額（1-2-3-4）應(yīng)納稅所得額（5-6）所得稅稅后利潤（5-7）盈余公積金應(yīng)付利潤未分配利潤累計(jì)未分配利潤2022-2-2Edited by 龍勝平孫斌藝龍勝平孫斌藝222022-2-2Edited by 龍勝平孫斌藝龍勝平孫斌藝23序號項(xiàng)目合計(jì)計(jì)算期123n11.11.21.31.41.51.61.722.12.22.32.42.52.62.72.82.934資金來源租售（營業(yè)）收入自有資金長期借款短期借款回收固定資產(chǎn)殘值回收經(jīng)營資金凈轉(zhuǎn)售收入資金運(yùn)用開發(fā)建設(shè)投資經(jīng)營投資經(jīng)營成本經(jīng)營稅金及附加增值稅所得稅應(yīng)付利潤借款本金償還借款利息償還盈余資金累

6、計(jì)盈余資金2022-2-2Edited by 龍勝平孫斌藝龍勝平孫斌藝242022-2-2Edited by 龍勝平孫斌藝龍勝平孫斌藝25序號年份項(xiàng)目建設(shè)期使用期01234567891資產(chǎn)1.1流動資產(chǎn)總額1.1.1現(xiàn)金1.1.2應(yīng)收賬款1.1.3存貨1.1.4累計(jì)盈余資金1.2在建工程1.3固定資產(chǎn)凈值1.4無形資產(chǎn)及遞延資產(chǎn)凈值2022-2-2Edited by 龍勝平孫斌藝龍勝平孫斌藝262022-2-2Edited by 龍勝平孫斌藝龍勝平孫斌藝272022-2-2Edited by 龍勝平孫斌藝龍勝平孫斌藝282022-2-2Edited by 龍勝平孫斌藝龍勝平孫斌藝292022-

7、2-2Edited by 龍勝平孫斌藝龍勝平孫斌藝302022-2-2Edited by 龍勝平孫斌藝龍勝平孫斌藝312022-2-2Edited by 龍勝平孫斌藝龍勝平孫斌藝322022-2-2Edited by 龍勝平孫斌藝龍勝平孫斌藝332022-2-2Edited by 龍勝平孫斌藝龍勝平孫斌藝342022-2-2Edited by 龍勝平孫斌藝龍勝平孫斌藝352022-2-2Edited by 龍勝平孫斌藝龍勝平孫斌藝362022-2-2Edited by 龍勝平孫斌藝龍勝平孫斌藝372022-2-2Edited by 龍勝平孫斌藝龍勝平孫斌藝382022-2-2Edited by

8、 龍勝平孫斌藝龍勝平孫斌藝392022-2-2Edited by 龍勝平孫斌藝龍勝平孫斌藝402022-2-2Edited by 龍勝平孫斌藝龍勝平孫斌藝412022-2-2Edited by 龍勝平孫斌藝龍勝平孫斌藝422022-2-2Edited by 龍勝平孫斌藝龍勝平孫斌藝432022-2-2Edited by 龍勝平孫斌藝龍勝平孫斌藝442022-2-2Edited by 龍勝平孫斌藝龍勝平孫斌藝452022-2-2Edited by 龍勝平孫斌藝龍勝平孫斌藝462022-2-2Edited by 龍勝平孫斌藝龍勝平孫斌藝472022-2-2Edited by 龍勝平孫斌藝龍勝平孫斌

9、藝482022-2-2Edited by 龍勝平孫斌藝龍勝平孫斌藝492022-2-2Edited by 龍勝平孫斌藝龍勝平孫斌藝502022-2-2Edited by 龍勝平孫斌藝龍勝平孫斌藝512022-2-2Edited by 龍勝平孫斌藝龍勝平孫斌藝522022-2-2Edited by 龍勝平孫斌藝龍勝平孫斌藝532022-2-2Edited by 龍勝平孫斌藝龍勝平孫斌藝542022-2-2Edited by 龍勝平孫斌藝龍勝平孫斌藝552022-2-2Edited by 龍勝平孫斌藝龍勝平孫斌藝562022-2-2Edited by 龍勝平孫斌藝龍勝平孫斌藝572022-2-2E

10、dited by 龍勝平孫斌藝龍勝平孫斌藝582022-2-2Edited by 龍勝平孫斌藝龍勝平孫斌藝59項(xiàng)目類型盈利能力指標(biāo)償債能力指標(biāo)靜態(tài)指標(biāo)動態(tài)指標(biāo)房地產(chǎn)開發(fā)投資成本利潤率、投資利潤率、資本金利潤率、資本金凈利潤率、靜態(tài)投資回收期財(cái)務(wù)凈現(xiàn)值、財(cái)務(wù)內(nèi)部收益率、動態(tài)投資回收期借款償還期、償債能力比、利息備付率、資產(chǎn)負(fù)債比房地產(chǎn)置業(yè)投資股本現(xiàn)金回報(bào)率、投資回報(bào)率、收益乘數(shù)、營業(yè)費(fèi)用比、財(cái)務(wù)凈現(xiàn)值、財(cái)務(wù)內(nèi)部收益率、動態(tài)投資回收期借款償還期、償債能力比、盈虧平衡比、資產(chǎn)負(fù)債比、流動比率、速動比率2022-2-2Edited by 龍勝平孫斌藝龍勝平孫斌藝602022-2-2Edited by 龍勝平孫斌藝龍勝平孫斌藝612022-2-2Edited by 龍勝平孫斌藝龍勝平孫斌藝622022-2-2Edited by 龍勝平孫斌藝龍勝平孫斌藝63乘乘等于乘等于乘購置成本1貸款價值比所要求的股本金所要求的稅前收益率所要求的股本現(xiàn)金流量貸款價值比抵押貸款 抵押常數(shù)貸款本息等于等于和2022-2-2Edited by 龍勝平孫斌藝龍勝平孫斌藝64除除等于等于等于等于加凈經(jīng)營收入經(jīng)營開支所要求的實(shí)際總收入1空置率所要求的潛在總收入凈可租面積每平方米最低租金2022-2-2Edited by 龍勝平孫斌藝