1. Key Assumption
1 Currency Convertion
1$= Rp 8,552
1€= $ 1.48
1€= Rp 12,657
2 Inflation Rate
6.70%
Days, Month and
3
Year
1 Month = 25 workdays
1 Year = 300 days
4 Price from supplier:
Jatropha seed free (from Indocement Plantation)
Used Oil Rp. 1400/ litre (from restauran chain)
Spiritus Rp. 9500/ litre
each price assume increasing relative based on inflation
5 All activity is assumed no account receivable and no
6 Price for CER is assumed € 17 /tonCO2/year

2. 1$= Rp 8,552
1€= $ 1.48
1€= Rp 12,657
Initial Fee per CDM Project € 75,000 = $ 111,000 =
0 1 2 3
Baseline Emission 1,610 1,610 1,610
Project Emission 0 0 0
Leakage 0 0 0
Emission Reduction 1,610 1,610 1,610
Baseline emission
Household 2,146
CO2 dari penggunaan minyak tanah per keluarga 0.75 ton/CO2 per year
= 300
emission per year 1,610 ton CO2
Project Emission
Luas lahan Jathropa 170 ha = 1,700,000
hasil per m2 0.19 liter/year
Total hasil plant oil 321,970 liter/year
Penggunaan per kepala keluarga per tahun 150 liter/year
Jumlah kepala keluarga yang dapat disupplai 2,146 kepala keluarga
Emission per year 0.00
kebutuhan untuk :
321,970
321,970
321,970
Protos User 1,600 3,300 5,000 6,500
Fuel Suplly needs 240,000 495,000 750,000 975,000
Used Oil needs 300,000 350,000 428,030 653,030
Spiritus requirement/week/household 0.7 litre
Spiritus needs 58,240 120,120 182,000 236,600

3. Rp 949,272,000
4 5
1,610 1,610 tonCO2 per year
0 0 tonCO2 per year
0 0 tonCO2 per year
1,610 1,610 tonCO2 per year
lt/year
m2
8,000
1,200,000 liter/year
878,030 liter/year
291,200 litre/year

4. 1$=
1€=
1€=
Initial Fee per
ERy
fNRB,y
NCVbiomass
EFprojected_foss
ƞold
ƞnew
HGpy
Protos User
By
By,saving

5. 1$= Rp 8,552
1€= $ 1.48
1€= Rp 12,657
Initial Fee per CDM Project € 75,000 = $ 111,000 = Rp 949,272,000
Year
0 1 2 3 4
ERy 1,722.24 3,552.12 5,382.00 6,996.60
fNRB,y 1.00
NCVbiomass 0.02 TJ/tonnes
EFprojected_fossil_fuel 71.50 tCO2/TJ
ƞold 0.35 25 lt plant oil = 0.23
ƞnew 0.55
HGpy 8,999.99 TJ
1 kwh = 3599,99
Protos User = 1,600 1,700 1,700 1,500
By = 4416.00 4692.00 4692.00 4140.00
By,saving = 1605.818 1706.181818 1706.182 1505.454545

6. 5
8,611.20
tonnes woods
TJ (2.5 Kwh)
1,500 tonnes
4140.00 tonnes
1505.454545 tonnes

7. 1$= Rp 8,552
1€= $ 1.48
1€= Rp 12,657
Initial Fee per CDM Project € 75,000
0
Baseline Emission
Project Emission
Leakage
Emission Reduction
used oil 100 lt
gassoline 1 lt
biodiesel 1 lt
used oil (100%) 1 lt
Suplly needs
Used oil Capacity
Leakage: jarak ke majalengka dari citeureup
(per hari) 120
Total jarak tempuh per tahun 36,000
gassoline
Leakage from program 7

8. = $ 111,000 = Rp 949,272,000
Year
1 2 3 4 5
690 805 984 1,502 2,019 tonCO2 per year
150 175 214 326 438 tonCO2 per year
7 10 15 23 35 tonCO2 per year
533 620 755 1,153 1,547 tonCO2 per year
= 80 biodiesel (liters)
= 2.3 kg CO2
= 0.4991 kg CO2
= 0 kg CO2
240,000 495,000 750,000 975,000 1,200,000 1,200,000 (Lt/year)
300,000 350,000 428,030 653,030 878,030 878,030 (Lt/year)
km
km
1 km = 0.19 kg CO2
ton CO2

9. 05-05-11
Biokraftstoffe 1 $ = Rp 8,552 Rp Notes 10:36 PM
Revenue Projections inflasi = 6.70%
Years 1 to 5 € 1.00 = $ 1.48
(Rp) € 1.00 = 12,657 Rp
Year 1 Year 2 Year 3 Year 4 Year 5
Protos
Sales (unit) 1,600 1,700 1,700 1,500 1,500
Price per unit ($) 20 20 20 20 20
Price per unit (Rp) 171,040 171,040 171,040 171,040 171,040
Total 273,664,000 290,768,000 290,768,000 256,560,000 256,560,000
% of Revenue 8.33% 5.91% 4.49% 2.95% 2.29%
Fuel (Jatropha Oil)
Sales (litres) 321,970 321,970 321,970 321,970 321,970
Price per unit (Rp) 3,500 3,735 3,985 4,252 4,537
Total 1,126,893,939 1,202,395,833 1,282,956,354 1,368,914,430 1,460,631,697
% of Revenue 34.32% 24.43% 19.81% 15.74% 13.06%
Used Oil
Sales (litres) 300,000 350,000 428,030 653,030 878,030
Price per unit (Rp) 3,500 3,735 3,985 4,252 4,537
Total 1,050,000,000 1,307,075,000 1,705,577,271 2,776,480,561 3,983,228,556
% of Revenue 31.98% 26.55% 26.33% 31.93% 35.61%
Spiritus
Sales (litres) 58,240 120,120 182,000 236,600 291,200
Price per unit (Rp) 10,000 10,670 11,385 12,148 12,962
Total 582,400,000 1,281,680,400 2,072,049,980 2,874,140,527 3,774,409,775
% of Revenue 17.74% 26.04% 31.99% 33.06% 33.74%
CER from CDM Project
Project AMS-II.G (tCO2/year) 1,722 3,552 5,382 6,997 8,611
Project AMS-I.G (tCO2/year) 1,610 1,610 1,610 1,610
Project AMS-I.H (tCO2/year) 620 755 1,153 1,547
Price per tCO2/year (€) 17 17 17 17 17
Price per tCO2/year (Rp) 145,384 145,384 145,384 145,384 145,384
Total 250,386,140 840,613,702 1,126,333,210 1,418,861,447 1,710,830,318
% of Revenue 7.63% 17.08% 17.39% 16.32% 15.29%
Net Revenue 3,283,344,080 4,922,532,936 6,477,684,815 8,694,956,965 11,185,660,347
Revenues by Months & Quarters Sales by Months & Quarters
Year 1 Year 2 Year 3 Year 4 Year 5
Months Year 1 Year 2 Year 3 Year 4 Year 5 Protos Jatropha Used oil Spiritus Protos Jatropha Used oil Spiritus Protos Jatropha Used oil Spiritus Protos Jatropha Used oil Spiritus Protos Jatropha Used oil Spiritus
Month 1 252,746,495 340,159,936 445,945,967 606,341,293 789,569,169 133 26,831 25,000 4,853 142 26,831 29,167 10,010 142 26,831 35,669 15,167 125 26,831 54,419 19,717 125 26,831 73,169 24,267
Month 2 252,746,495 340,159,936 445,945,967 606,341,293 789,569,169 133 26,831 25,000 4,853 142 26,831 29,167 10,010 142 26,831 35,669 15,167 125 26,831 54,419 19,717 125 26,831 73,169 24,267
Month 3 252,746,495 340,159,936 445,945,967 606,341,293 789,569,169 133 26,831 25,000 4,853 142 26,831 29,167 10,010 142 26,831 35,669 15,167 125 26,831 54,419 19,717 125 26,831 73,169 24,267
Total 1st Quarter 758,239,485 1,020,479,808 1,337,837,901 1,819,023,880 2,368,707,507 400 80,492 75,000 14,560 425 80,492 87,500 30,030 425 80,492 107,008 45,500 375 80,492 163,258 59,150 375 80,492 219,508 72,800
Month 4 252,746,495 340,159,936 445,945,967 606,341,293 789,569,169 133 26,831 25,000 4,853 142 26,831 29,167 10,010 142 26,831 35,669 15,167 125 26,831 54,419 19,717 125 26,831 73,169 24,267
Month 5 252,746,495 340,159,936 445,945,967 606,341,293 789,569,169 133 26,831 25,000 4,853 142 26,831 29,167 10,010 142 26,831 35,669 15,167 125 26,831 54,419 19,717 125 26,831 73,169 24,267
Month 6 252,746,495 340,159,936 445,945,967 606,341,293 789,569,169 133 26,831 25,000 4,853 142 26,831 29,167 10,010 142 26,831 35,669 15,167 125 26,831 54,419 19,717 125 26,831 73,169 24,267
Total 2nd Quarter 758,239,485 1,020,479,808 1,337,837,901 1,819,023,880 2,368,707,507 400 80,492 75,000 14,560 425 80,492 87,500 30,030 425 80,492 107,008 45,500 375 80,492 163,258 59,150 375 80,492 219,508 72,800
Month 7 252,746,495 340,159,936 445,945,967 606,341,293 789,569,169 133 26,831 25,000 4,853 142 26,831 29,167 10,010 142 26,831 35,669 15,167 125 26,831 54,419 19,717 125 26,831 73,169 24,267
Month 8 252,746,495 340,159,936 445,945,967 606,341,293 789,569,169 133 26,831 25,000 4,853 142 26,831 29,167 10,010 142 26,831 35,669 15,167 125 26,831 54,419 19,717 125 26,831 73,169 24,267
Month 9 252,746,495 340,159,936 445,945,967 606,341,293 789,569,169 133 26,831 25,000 4,853 142 26,831 29,167 10,010 142 26,831 35,669 15,167 125 26,831 54,419 19,717 125 26,831 73,169 24,267
Total 3rd Quarter 758,239,485 1,020,479,808 1,337,837,901 1,819,023,880 2,368,707,507 400 80,492 75,000 14,560 425 80,492 87,500 30,030 425 80,492 107,008 45,500 375 80,492 163,258 59,150 375 80,492 219,508 72,800
Month 10 252,746,495 340,159,936 445,945,967 606,341,293 789,569,169 133 26,831 25,000 4,853 142 26,831 29,167 10,010 142 26,831 35,669 15,167 125 26,831 54,419 19,717 125 26,831 73,169 24,267
Month 11 252,746,495 340,159,936 445,945,967 606,341,293 789,569,169 133 26,831 25,000 4,853 142 26,831 29,167 10,010 142 26,831 35,669 15,167 125 26,831 54,419 19,717 125 26,831 73,169 24,267
Month 12 503,132,635 1,180,773,638 1,572,279,177 2,025,202,740 2,500,399,488 133 26,831 25,000 4,853 142 26,831 29,167 10,010 142 26,831 35,669 15,167 125 26,831 54,419 19,717 125 26,831 73,169 24,267
Total 4th Quarter 1,008,625,625 1,861,093,511 2,464,171,111 3,237,885,326 4,079,537,826 400 80,492 75,000 14,560 425 80,492 87,500 30,030 425 80,492 107,008 45,500 375 80,492 163,258 59,150 375 80,492 219,508 72,800
Total for year 3,283,344,080 4,922,532,936 6,477,684,815 8,694,956,965 11,185,660,347 1,600 321,970 300,000 58,240 1,700 321,970 350,000 120,120 1,700 321,970 428,030 182,000 1,500 321,970 653,030 236,600 1,500 321,970 878,030 291,200
0 0 0 0 0 Unit Litres Litres Litres Unit Litres Litres Litres Unit Litres Litres Litres Unit Litres Litres Litres Unit Litres Litres Litres
Average Revenue
by Month 273,612,007 410,211,078 539,807,068 724,579,747 932,138,362
by Quarter 820,836,020 1,230,633,234 1,619,421,204 2,173,739,241 2,796,415,087

10. 05-05-11
Biokraftstoffe 1$ = 8,552 Rp Notes
10:36 PM
Cost of Revenues inflasi = 6.70%
Years 1 to 5 € 1.00 = $ 1.48
(Rp) € 1.00 = 12,657 Rp
Year 1 Year 2 Year 3 Year 4 Year 5
Revenue 3,283,344,080 4,922,532,936 6,477,684,815 8,694,956,965 11,185,660,347
Cost of Revenue
Protos 42,760
COGM per Unit ($) 50 50 50 50 50
COGM per Unit (Rp) 427,600 427,600 427,600 427,600 427,600
Discount for retail/cooperative ($) 3 3 3 3 3
Discount for retail/cooperative (Rp) 25,656 25,656 25,656 25,656 25,656
Subsidy for user per Unit ($) 15 15 15 15 15
Subsidy for user per Unit (Rp) 128,280 128,280 128,280 128,280 128,280
Transportation cost per unit 200 213 228 0 0
Total Direct Costs per Unit (Rp) 581,736 581,749 581,764 581,536 581,536
Unit Sales 1,600 1,700 1,700 1,500 1,500
Total Direct Costs 930,777,600 988,973,980 988,998,286 872,304,000 872,304,000
% of Revenue 28.35% 20.09% 15.27% 10.03% 7.80%
Gross margin -240% -240% -240% -240% -240%
Jatropha Oil
Price of Jatropha seed from partner 0 0 0 0 0
Processing & Transportation Cost per unit 1,500 1,601 1,708 1,822 1,944
Total Direct Costs per Unit 1,500 1,601 1,708 1,822 1,944
Unit Sales 321,970 321,970 321,970 321,970 321,970
Total Direct Costs 482,954,545 515,312,500 549,838,438 586,677,613 625,985,013
% of Revenue 14.71% 10.47% 8.49% 6.75% 5.60%
Gross margin 57.14% 57.14% 57.14% 57.14% 57.14%
Used Oil
Price of Used Oil from source 1400 1494 1594 1701 1815
Transportation cost from source 200 213 228 243 259
Distribution cost to buyer & consumen 200 213 228 243 259
Filtering cost 10 11 11 12 13
Total Direct Costs per Unit 1810 1931 2061 2199 2346
Unit Sales 300,000 350,000 428,030 653,030 878,030
Total Direct Costs 543,000,000 675,944,500 882,027,103 1,435,837,090 2,059,898,196
% of Revenue 16.54% 13.73% 13.62% 16.51% 18.42%
Gross margin 48.29% 48.29% 48.29% 48.29% 48.29%
Spiritus
Price from supplier 9,500 10,137 10,816 11,540 12,313
Distribution cost 200 213 228 243 259
Total Direct Costs per Unit 9,700 10,350 11,043 11,783 12,573
Unit Sales 58,240 120,120 182,000 236,600 291,200
Total Direct Costs 564,928,000 1,243,229,988 2,009,888,481 2,787,916,311 3,661,177,482
% of Revenue 17.21% 25.26% 31.03% 32.06% 32.73%
Gross margin 3.00% 3.00% 3.00% 3.00% 3.00%
CDM Project
Auditor fee ($) 20,000 20,000 20,000 20,000
Auditor fee (Rp) 171,040,000 171,040,000 171,040,000 171,040,000
Total CDM Project Cost 0 171,040,000 171,040,000 171,040,000 171,040,000
All other costs % of Revenue 0.5% 16,416,720 24,612,665 32,388,424 43,474,785 55,928,302
Total Cost of Revenues 2,538,076,866 3,619,113,633 4,634,180,731 5,897,249,799 7,446,332,993
% of Revenue 77.3% 73.5% 71.5% 67.8% 66.6%
Cost of Revenues by Months & Quarters
(Rp)
Year 1 Year 2 Year 3 Year 4 Year 5
Month 1 195,377,035 250,090,244 319,032,844 411,243,677 525,618,942
Month 2 195,377,035 250,090,244 319,032,844 411,243,677 525,618,942
Month 3 195,377,035 250,090,244 319,032,844 411,243,677 525,618,942
Total 1st Quarter 586,131,106 750,270,731 957,098,531 1,233,731,030 1,576,856,825
Month 4 195,377,035 250,090,244 319,032,844 411,243,677 525,618,942
Month 5 195,377,035 250,090,244 319,032,844 411,243,677 525,618,942
Month 6 195,377,035 250,090,244 319,032,844 411,243,677 525,618,942
Total 2nd Quarter 586,131,106 750,270,731 957,098,531 1,233,731,030 1,576,856,825
Month 7 195,377,035 250,090,244 319,032,844 411,243,677 525,618,942
Month 8 195,377,035 250,090,244 319,032,844 411,243,677 525,618,942
Month 9 195,377,035 250,090,244 319,032,844 411,243,677 525,618,942
Total 3rd Quarter 586,131,106 750,270,731 957,098,531 1,233,731,030 1,576,856,825
Month 10 195,377,035 250,090,244 319,032,844 411,243,677 525,618,942
Month 11 195,377,035 250,090,244 319,032,844 411,243,677 525,618,942
Month 12 388,929,479 868,120,951 1,124,819,449 1,373,569,357 1,664,524,634
Total 4th Quarter 779,683,549 1,368,301,438 1,762,885,137 2,196,056,710 2,715,762,518
Total for year 2,538,076,866 3,619,113,633 4,634,180,731 5,897,249,799 7,446,332,993

11. 05-05-11
Biokraftstoffe 1 $ = 8,552 Rp Notes 10:36 PM
Operating Expenses inflasi = 6.70%
Years 1 to 5 € 1.00 = $ 1.48
(Rp) € 1.00 = 12,657 Rp
Year 1 Year 2 Year 3 Year 4 Year 5
Net Revenues 3,283,344,080 4,922,532,936 6,477,684,815 8,694,956,965 11,185,660,347 Activities Year 1 Year 2 Year 3 Year 4 Year 5
Promotion Activities 58,293,360 60,693,360 60,693,360 55,893,360 55,893,360
Sales & Marketing Marketing tools 2,940,000 2,940,000 2,940,000 2,940,000 2,940,000
Drivers Training for Trainers 900,000 900,000 900,000 900,000 900,000
Salaries and Benefits 118,800,000 126,759,600 135,252,493 144,314,410 153,983,476 Total 62,133,360 64,533,360 64,533,360 59,733,360 59,733,360
Commissions % of Revenue 5.00% 164,167,204 246,126,647 323,884,241 434,747,848 559,283,017
Promotion Activities 58,293,360 60,693,360 60,693,360 55,893,360 55,893,360
Marketing Tools 2,940,000 2,940,000 2,940,000 2,940,000 2,940,000
Training for Trainer 900,000 900,000 900,000 900,000 900,000
Total Sales and Marketing 345,100,564 437,419,607 523,670,094 638,795,619 772,999,853
% of Revenue 10.5% 8.9% 8.1% 7.3% 6.9%
General, Operational & Administration
Drivers Promotion Activity YEAR 1
Salaries and Benefits 423,450,000 451,821,150 490,802,608 523,686,383 568,688,973 Program Period Target buyers (per period) Target buyers (year) Jumlah
Depreciation 64,141,414 5,808,081 8,087,121 10,366,162 10,366,162 Bundling system
Every month 84 1008
Rent Office 60,000,000 64,020,000 68,309,340 72,886,066 77,769,432 82,979,984 With Regular promotion 40,320,000
Utilities 12,000,000 12,804,000 13,661,868 14,577,213 15,553,886 Cooking competition Every 6 month 25 50 2,000,000
Total General,Op & Administration 559,591,414 534,453,231 580,860,937 621,515,823 672,378,453 Food bazaar in Independence day Once a year 50 50 4,300,000
% of Revenue 17.0% 10.9% 9.0% 7.1% 6.0% Microfinance program Every 4 month 132 396 9,504,000
Membership Every month 3 36 630,000
All other expenses % of Revenue 0.50% 16,416,720 24,612,665 32,388,424 43,474,785 55,928,302 Member get Member Every month 5 60 1,539,360
Total Operating Expenses 921,108,699 996,485,502 1,136,919,455 1,303,786,227 1,501,306,608 TOTAL NUMBER OF BUYERS YEAR 1 1600 buyers 58,293,360
% of Revenue 28.1% 20.2% 17.6% 15.0% 13.4% YEAR 2
Program Period Target buyers (per period) Target buyers (year) Jumlah
Allocation of Operating Expenses between: Bundling system Every month 84 1008 40,320,000
Variable 781,127,284 910,013,421 1,043,021,126 1,202,116,786 1,393,777,128 With Regular promotion
% of Total Operating Expense 85.16% 91.68% 92.05% 92.47% 93.08% Cooking competition Every 6 month 25 50 2,000,000
Fixed 136,141,414 82,632,081 90,058,329 97,829,441 103,689,480 Food bazaar in Independence day Once a year 50 50 4,300,000
% of Total Operating Expense 14.84% 8.32% 7.95% 7.53% 6.92% Microfinance program Every 4 month 165 496 11,904,000
Total 917,268,699 992,645,502 1,133,079,455 1,299,946,227 1,497,466,608 Membership Every month 3 36 630,000
Member get Member Every month 5 60 1,539,360
TOTAL NUMBER OF BUYERS YEAR 2 1700 buyers
60,693,360

12. Sales & Marketing by Months & Quarters YEAR 3 05-05-11
10:36 PM
(Rp) Program Period Target buyers (per period) Target buyers (year) Jumlah
Year 1 Year 2 Year 3 Year 4 Year 5 Bundling system Every month 84 1008 40,320,000
Month 1 26,565,281 30,226,842 36,051,239 44,546,300 54,564,222 With Regular promotion
Month 2 26,565,281 30,226,842 36,051,239 44,546,300 54,564,222 Cooking competition Every 6 month 25 50 2,000,000
Month 3 26,565,281 30,226,842 36,051,239 44,546,300 54,564,222 Food bazaar in Independence day Once a year 50 50 4,300,000
Total 1st Quarter 79,695,843 90,680,526 108,153,718 133,638,900 163,692,665 Microfinance program Every 4 month 165 496 11,904,000
Month 4 26,565,281 30,226,842 36,051,239 44,546,300 54,564,222 Membership Every month 3 36 630,000
Month 5 26,565,281 30,226,842 36,051,239 44,546,300 54,564,222 Member get Member Every month 5 60 1,539,360
TOTAL NUMBER OF BUYERS YEAR 3 1700 buyers
Month 6 26,565,281 30,226,842 36,051,239 44,546,300 54,564,222 60,693,360
Total 2nd Quarter 79,695,843 90,680,526 108,153,718 133,638,900 163,692,665 YEAR 4
Month 7 26,565,281 30,226,842 36,051,239 44,546,300 54,564,222 Program Period Target buyers (per period) Target buyers (year) Jumlah
Month 8 26,565,281 30,226,842 36,051,239 44,546,300 54,564,222 Bundling system Every month 84 1008 40,320,000
Month 9 26,565,281 30,226,842 36,051,239 44,546,300 54,564,222 With Regular promotion
Total 3rd Quarter 79,695,843 90,680,526 108,153,718 133,638,900 163,692,665 Cooking competition Every 6 month 25 50 2,000,000
Month 10 26,565,281 30,226,842 36,051,239 44,546,300 54,564,222 Food bazaar in Independence day Once a year 50 50 4,300,000
Month 11 26,565,281 30,226,842 36,051,239 44,546,300 54,564,222 Microfinance program Every 4 month 98 296 7,104,000
Month 12 52,882,473 104,924,344 127,106,460 148,786,319 172,793,414 Membership Every month 3 36 630,000
Total 4th Quarter 106,013,035 165,378,028 199,208,939 237,878,919 281,921,857 Member get Member Every month 5 60 1,539,360
TOTAL NUMBER OF BUYERS YEAR 3 1500 buyers
Total for year 345,100,564 437,419,607 523,670,094 638,795,619 772,999,853 55,893,360
YEAR 5
Program Period Target buyers (per period) Target buyers (year) Jumlah
General,Operational and Administrative by Months & Quarters Bundling system Every month 84 1008 40,320,000
(Rp) With Regular promotion
Year 1 Year 2 Year 3 Year 4 Year 5 Cooking competition Every 6 month 25 50 2,000,000
Month 1 43,076,438 36,932,120 39,988,453 43,341,297 47,461,596 Food bazaar in Independence day Once a year 50 50 4,300,000
Month 2 43,076,438 36,932,120 39,988,453 43,341,297 47,461,596 Microfinance program Every 4 month 98 296 7,104,000
Month 3 43,076,438 36,932,120 39,988,453 43,341,297 47,461,596 Membership Every month 3 36 630,000
Total 1st Quarter 129,229,315 110,796,360 119,965,358 130,023,890 142,384,789 Member get Member Every month 5 60 1,539,360
TOTAL NUMBER OF BUYERS YEAR 3 1500 buyers
Month 4 43,076,438 36,932,120 39,988,453 43,341,297 47,461,596 55,893,360
Month 5 43,076,438 36,932,120 39,988,453 43,341,297 47,461,596
Month 6 43,076,438 36,932,120 39,988,453 43,341,297 47,461,596
Total 2nd Quarter 129,229,315 110,796,360 119,965,358 130,023,890 142,384,789
Month 7 43,076,438 36,932,120 39,988,453 43,341,297 47,461,596
Month 8 43,076,438 36,932,120 39,988,453 43,341,297 47,461,596
Month 9 43,076,438 36,932,120 39,988,453 43,341,297 47,461,596
Total 3rd Quarter 129,229,315 110,796,360 119,965,358 130,023,890 142,384,789
Month 10 43,076,438 36,932,120 39,988,453 43,341,297 47,461,596
Month 11 43,076,438 36,932,120 39,988,453 43,341,297 47,461,596
Month 12 85,750,593 128,199,911 140,987,958 144,761,562 150,300,893
Total 4th Quarter 171,903,470 202,064,151 220,964,863 231,444,155 245,224,086
Total for year 559,591,414 534,453,231 580,860,937 621,515,823 672,378,453

13. 05-05-11
10:36 PM
Biokraftstoffe 1$ = 8,552 Rp Notes
Personnel inflasi = 6.70%
Years 1 to 5 € 1.00 = $ 1.48
(Rp) € 1.00 = 12,657 Rp
Year 1 Year 2 Year 3 Year 4 Year 5
Net Revenues 3,283,344,080 4,922,532,936 6,477,684,815 8,694,956,965 11,185,660,347
Sales & Marketing
Marketing Manager 36,000,000 38,412,000 40,985,604 43,731,639 46,661,659
Customer service 9,000,000 9,603,000 10,246,401 10,932,910 11,665,415
Tech support 18,000,000 19,206,000 20,492,802 21,865,820 23,330,830
Sales Person 45,000,000 48,015,000 51,232,005 54,664,549 58,327,074
Total Salary 108,000,000 115,236,000 122,956,812 131,194,918 139,984,978
Benefits
Percent (%) 10% 10% 10% 10% 10%
Total benefit costs 10,800,000 11,523,600 12,295,681 13,119,492 13,998,498
Total S & M Compensation 118,800,000 126,759,600 135,252,493 144,314,410 153,983,476
% of Revenue 3.6% 2.6% 2.1% 1.7% 1.4%
General & Administration
Chief Executive Officer 48,000,000 51,216,000 54,647,472 58,308,853 62,215,546
Chief Financial Officer 36,000,000 38,412,000 40,985,604 43,731,639 46,661,659
HR Manager 36,000,000 38,412,000 40,985,604 43,731,639 46,661,659
HR Staff 21,000,000 22,407,000 23,908,269 25,510,123 27,219,301
Accounting 42,000,000 44,814,000 47,816,538 51,020,246 54,438,603
Clerks and admin personnel 42,000,000 44,814,000 47,816,538 51,020,246 54,438,603
Total Salary 225,000,000 240,075,000 256,160,025 273,322,747 291,635,371
Benefits
Percent (%) 10% 10% 10% 10% 10%
Total benefit costs 22,500,000 24,007,500 25,616,003 27,332,275 29,163,537
Total G & A Compensation 247,500,000 264,082,500 281,776,028 300,655,021 320,798,908
% of Revenue 7.5% 5.4% 4.3% 3.5% 2.9%

14. 05-05-11
10:36 PM
Cost of Revenue
Operational
Operations Manager 36,000,000 38,412,000 40,985,604 43,731,639 46,661,659
Staff 63,000,000 67,221,000 71,724,807 76,530,369 81,657,904
Labor 54,000,000 57,618,000 61,478,406 65,597,459 69,992,489
Total Salary 153,000,000 163,251,000 174,188,817 185,859,468 198,312,052
Benefits
Percent (%) 15% 15% 20% 20% 25%
Total benefit costs 22,950,000 24,487,650 34,837,763 37,171,894 49,578,013
Total Salary Costs 175,950,000 187,738,650 209,026,580 223,031,361 247,890,065
Total COR's Compensation 175,950,000 187,738,650 209,026,580 223,031,361 247,890,065
% of Revenue 5.4% 3.8% 3.2% 2.6% 2.2%
Total Salary & Wages 486,000,000 518,562,000 553,305,654 590,377,133 629,932,401
Total Benefits 56,250,000 60,018,750 72,749,447 77,623,660 92,740,048
Total Compensation 542,250,000 578,580,750 626,055,101 668,000,793 722,672,449
% of Revenue 16.5% 11.8% 9.7% 7.7% 6.5%

15. 05-05-11
Biokraftstoffe 1$ = 8,552 Rp Notes PM
10:36
Taxes inflasi = 6.70%
Years 1 to 5 € 1.00 = $ 1.48
(Rp) € 1.00 = 12,657 Rp
Year 1 Year 2 Year 3 Year 4 Year 5
Net Revenues 3,283,344,080 4,922,532,936 6,477,684,815 8,694,956,965 11,185,660,347
Income Tax (Rate Federal & State) 10% 10% 10% 10% 10%
Net Earnings Before Taxes (203,690,669) 295,586,960 698,600,412 1,489,702,863 2,238,020,746
Cumulative (203,690,669) 91,896,290 790,496,702 2,280,199,565 4,518,220,311
Taxes 0 (29,558,696) (69,860,041) (148,970,286) (223,802,075)
Percent of Revenues 0.0% -0.6% -1.1% -1.7% -2.0%

16. 05-05-11
10:36 PM
Biokraftstoffe 1$ = 8,552 Rp
Property and Equipment inflasi = 6.70%
Years 1 to 5 € 1.00 = $ 1.48
(Rp) € 1.00 = 12,657 Rp
Year 0 Year 1 Year 2 Year 3 Year 4 Year 5
Purchased
Net Revenues Assets 3,283,344,080 4,922,532,936 6,477,684,815 8,694,956,965 11,185,660,347
Capital Expenditures
Prepaid Rent of Depo & Office 60,000,000
Oil Drum (100 litre capacity) 25,915,404 15,498,737 16,666,667 22,790,404 22,790,404
Oil Galon (5 litre capacity) 10,000,000
Peeling Machine 20,000,000
Filtering Machine 5,000,000
Press Machine 20,000,000
Other Equipment 1,000,000
Total Capital Expenditures 141,915,404 15,498,737 16,666,667 22,790,404 22,790,404 0
% of Revenue 0.5% 0.3% 0.4% 0.3% 0.0%
Depreciation on Rent of Depo & Office (allocated to Cost of Revenue)
Depreciation Rate: Years 1 1 1 1 1 1
Year 0 60,000,000 0 0 0 0
Year 1 0 0 0 0 0
Year 2 0 0 0 0
Year 3 0 0 0
Year 4 0 0
Year 5 0
Total Depreciation 60,000,000 0 0 0 0
Depreciation Oil Drum and Depo Equipment (allocated to Cost of Revenue)
Depreciation Rate: Years 10 10 10 10 10 10
Year 0 2,591,540 2,591,540 2,591,540 2,591,540 2,591,540
Year 1 1,549,874 1,549,874 1,549,874 1,549,874 1,549,874
Year 2 1,666,667 1,666,667 1,666,667 1,666,667
Year 3 2,279,040 2,279,040 2,279,040
Year 4 2,279,040 2,279,040
Year 5 0
Total Depreciation 4,141,414 5,808,081 8,087,121 10,366,162 10,366,162
Depreciation Office Utilities (allocated to General & Administrative Expenses)
Depreciation Rate: Years 1 1 1 1 1 1
Year 0 1,000,000 0 0 0 0
Year 1 0 0 0 0 0
Year 2 0 0 0 0
Year 3 0 0 0
Year 4 0 0
Year 5 0
Total Depreciation 1,000,000 0 0 0 0
Total Depreciation 65,141,414 5,808,081 8,087,121 10,366,162 10,366,162
% of Revenue 2.0% 0.1% 0.1% 0.1% 0.1%
Property & Equipment
Gross Asset Value 141,915,404 157,414,141 174,080,808 196,871,212 219,661,616 219,661,616
Accumulated Depreciation 65,141,414 70,949,495 79,036,616 89,402,778 99,768,939
Net Property and Equipment 141,915,404 92,272,727 103,131,313 117,834,596 130,258,838 119,892,677
% of Revenue 2.8% 2.1% 1.8% 1.5% 1.1%
Capital Expenditures by Months & Quarters
(Rp)
Year 1 Year 2 Year 3 Year 4 Year 5
Month 1 15,498,737
Month 2
Month 3
Total 1st Quarter 15,498,737 0 0 0 0
Month 4
Month 5
Month 6
Total 2nd Quarter 0 0 0 0 0
Month 7
Month 8
Month 9
Total 3rd Quarter 0 0 0 0 0
Month 10
Month 11

17. 05-05-11
10:36 PM
Month 12
Total 4th Quarter 0 0 0 0 0
Total for year 15,498,737 0 0 0 0

18. 05-05-11
10:36 PM
Notes

19. 05-05-11
Biokraftstoffe 1$ = 8,552 Rp Notes
10:36 PM
Working Capital inflasi = 6.70%
Years 1 to 5 € 1.00 = $ 1.48
(Rp) € 1.00 = 12,657 Rp
Year 1 Year 2 Year 3 Year 4 Year 5
Net Revenues 3,283,344,080 4,922,532,936 6,477,684,815 8,694,956,965 11,185,660,347
Accounts Receivable
% of Revenue
Days Outstanding 0 0 0 0 0
Accounts Receivable 0 0 0 0 0
(Increase)/Decrease from Prev. Period 0 0 0 0 0
Inventory
% of Revenue
Inventory Turns 0 0 0 0 0
Inventory Days 0 0 0 0 0
Inventory 0 0 0 0 0
(Increase)/Decrease from Prev. Period 0 0 0 0 0
Other Current Assets
% of Revenue
Days 0 0 0 0 0
Other CA Value 0 0 0 0 0
(Increase)/Decrease from Prev. Period 0 0 0 0 0
Accounts Payable & Accrued Expenses
% of Revenue
Days 0 0 0 0 0
AP & Accrued Value 0 0 0 0 0
Increase/(Decrease) from Prev. Period 0 0 0 0 0
Other Current Liabilites
% of Revenue 0.0% 0.0% 0.0% 0.0% 0.0%
Days 0 0 0 0 0
Other Current Liabilities 0 0 0 0 0
Increase/(Decrease) from Prev. Period 0 0 0 0 0
Net Working Capital 0 0 0 0 0
Revenues by Months & Quarters
(Rp)
Year 1 Year 2 Year 3 Year 4 Year 5
Month 1 252,746,495 340,159,936 445,945,967 606,341,293 789,569,169
Month 2 252,746,495 340,159,936 445,945,967 606,341,293 789,569,169
Month 3 252,746,495 340,159,936 445,945,967 606,341,293 789,569,169
Total 1st Quarter 758,239,485 1,020,479,808 1,337,837,901 1,819,023,880 2,368,707,507
Month 4 252,746,495 340,159,936 445,945,967 606,341,293 789,569,169
Month 5 252,746,495 340,159,936 445,945,967 606,341,293 789,569,169
Month 6 252,746,495 340,159,936 445,945,967 606,341,293 789,569,169
Total 2nd Quarter 758,239,485 1,020,479,808 1,337,837,901 1,819,023,880 2,368,707,507
Month 7 252,746,495 340,159,936 445,945,967 606,341,293 789,569,169
Month 8 252,746,495 340,159,936 445,945,967 606,341,293 789,569,169
Month 9 252,746,495 340,159,936 445,945,967 606,341,293 789,569,169
Total 3rd Quarter 758,239,485 1,020,479,808 1,337,837,901 1,819,023,880 2,368,707,507
Month 10 252,746,495 340,159,936 445,945,967 606,341,293 789,569,169
Month 11 252,746,495 340,159,936 445,945,967 606,341,293 789,569,169
Month 12 503,132,635 1,180,773,638 1,572,279,177 2,025,202,740 2,500,399,488
Total 4th Quarter 1,008,625,625 1,861,093,511 2,464,171,111 3,237,885,326 4,079,537,826
Total for year 3,283,344,080 4,922,532,936 6,477,684,815 8,694,956,965 11,185,660,347
Accounts Receivable by Months & Quarters
(Rp)
Year 1 Year 2 Year 3 Year 4 Year 5
Month 1 - - - - -
Month 2 - - - - -
Month 3 - - - - -
Month 4 - - - - -
Month 5 - - - - -
Month 6 - - - - -
Month 7 - - - - -
Month 8 - - - - -
Month 9 - - - - -
Month 10 - - - - -
Month 11 - - - - -
Month 12 - - - - -
Inventory by Months & Quarters
(Rp)
Year 1 Year 2 Year 3 Year 4 Year 5
Month 1 - - - - -
Month 2 - - - - -
Month 3 - - - - -
Month 4 - - - - -
Month 5 - - - - -
Month 6 - - - - -
Month 7 - - - - -
Month 8 - - - - -
Month 9 - - - - -
Month 10 - - - - -
Month 11 - - - - -

20. Month 12 - - - - - 05-05-11
10:36 PM
Other Current Assets by Months & Quarters
(Rp)
Year 1 Year 2 Year 3 Year 4 Year 5
Month 1 - - - - -
Month 2 - - - - -
Month 3 - - - - -
Month 4 - - - - -
Month 5 - - - - -
Month 6 - - - - -
Month 7 - - - - -
Month 8 - - - - -
Month 9 - - - - -
Month 10 - - - - -
Month 11 - - - - -
Month 12 - - - - -

21. Accounts Payble & Accrued Expenses by Months & Quarters 05-05-11
10:36 PM
(Rp)
Year 1 Year 2 Year 3 Year 4 Year 5
Month 1 - - - - -
Month 2 - - - - -
Month 3 - - - - -
Month 4 - - - - -
Month 5 - - - - -
Month 6 - - - - -
Month 7 - - - - -
Month 8 - - - - -
Month 9 - - - - -
Month 10 - - - - -
Month 11 - - - - -
Month 12 - - - - -
Other Current Liabilities by Months & Quarters
(Rp)
Year 1 Year 2 Year 3 Year 4 Year 5
Month 1 - - - - -
Month 2 - - - - -
Month 3 - - - - -
Month 4 - - - - -
Month 5 - - - - -
Month 6 - - - - -
Month 7 - - - - -
Month 8 - - - - -
Month 9 - - - - -
Month 10 - - - - -
Month 11 - - - - -
Month 12 - - - - -

22. 05-05-11
Biokraftstoffe 1$ = 8,552 Rp
10:36 PM
Funding Projections inflasi = 6.70%
Years 1 to 5 € 1.00 = $ 1.48
(Rp) € 1.00 = 12,657 Rp
Property & Equipment
Gross Asset Value 141,915,404 157,414,141 174,080,808 196,871,212 219,661,616 219,661,616
Accumulated Depreciation 65,141,414 70,949,495 79,036,616 89,402,778 99,768,939
Net Property and Equipment 141,915,404 92,272,727 103,131,313 117,834,596 130,258,838 119,892,677
% of Revenue 12.42% 11.59% 7.66% 6.93% 5.48%
Begin Year 1 Year 2 Year 3 Year 4 Year 5
Beginning Cash 50,000,000
Equity
Common 50,000,000 50,000,000 50,000,000 50,000,000 50,000,000 50,000,000
Increase / (Decrease) Previous Period 0 0 0 0 0
Total Equity 50,000,000 50,000,000 50,000,000 50,000,000 50,000,000 50,000,000
Debt
Short Term Debt 150,000,000
Increase / (Decrease) Previous Period 150,000,000 (150,000,000) 0 0 0
Long Term Debt
Current Portion 39,368,714 39,368,714 39,368,714 39,368,714 39,368,714
Long Term Portion 141,915,404 119,576,538 94,557,009 66,535,136 35,150,638 0
Total Long Term Debt 141,915,404 119,576,538 94,557,009 66,535,136 35,150,638 0
Increase / (Decrease) Previous Period
Current Portion 0 0 0 0 0
Long Term Portion (22,338,866) (25,019,530) (28,021,873) (31,384,498) (35,150,638)
Total Long Term Debt 141,915,404 (22,338,866) (25,019,530) (28,021,873) (31,384,498) (35,150,638)
Total Equity & Debt 191,915,404 319,576,538 144,557,009 116,535,136 85,150,638 50,000,000
Partnership Contribution
BSH (European Charity Program) 1,898,544,000
Indocement (Heidelberg Cement Group)
Shell Foundation (Indonesia) 949,272,000
Total Partnership Contribution 949,272,000 1,898,544,000 0 0 0 0
Interest
Interest Rate
Short Term Debt 9.0% 9.0% 9.0% 9.0% 9.0%
Long Term Debt 12.0% 12.0% 12.0% 12.0% 12.0%
Interest Expense
Short Term Debt 13,500,000 0 0 0 0
Long Term Debt 14,349,185 11,346,841 7,984,216 4,218,077 0
Total Interest 27,849,185 11,346,841 7,984,216 4,218,077 0
Interest Income
Interest Rate 4.0% 4.0% 4.0% 4.0% 4.0%
Interest Income 0 0 0 0 0
Retained Earnings
Net Income (203,690,669) 266,028,264 628,740,371 1,340,732,576 2,014,218,671
Dividends
Increase / (Decrease) Retained Earnings (203,690,669) 266,028,264 628,740,371 1,340,732,576 2,014,218,671
Beginning Retained Earnings 0 (203,690,669) 62,337,594 691,077,965 2,031,810,542
Ending Retained Earnings (203,690,669) 62,337,594 691,077,965 2,031,810,542 4,046,029,213
Cost of Debt 21.00%
Cost of Equity 0.00%
Cost of Capital 21.00%

23. 05-05-11
Biokraftstoffe 1$ = 8,552 Rp
10:36 PM
Income Statement inflasi = 6.70%
Years 1 to 5 € 1.00 = $ 1.48
(Rp) € 1.00 = 12,657 Rp
Year 1 Year 2 Year 3 Year 4 Year 5
NET REVENUES 3,283,344,080 4,922,532,936 6,477,684,815 8,694,956,965 11,185,660,347
COST OF REVENUE 2,538,076,866 3,619,113,633 4,634,180,731 5,897,249,799 7,446,332,993
% of Revenues 77.3% 73.5% 71.5% 67.8% 66.6%
GROSS PROFIT 745,267,214 1,303,419,303 1,843,504,084 2,797,707,166 3,739,327,354
% of Revenues 22.7% 26.5% 28.5% 32.2% 33.4%
OPERATING EXPENSES
Sales & Marketing 345,100,564 437,419,607 523,670,094 638,795,619 772,999,853
General and Administration 559,591,414 534,453,231 580,860,937 621,515,823 672,378,453
All other expenses 16,416,720 24,612,665 32,388,424 43,474,785 55,928,302
Total Operating Expenses 921,108,699 996,485,502 1,136,919,455 1,303,786,227 1,501,306,608
% of Revenues 28.05% 20.24% 17.55% 14.99% 13.42%
EARNINGS BEFORE INTEREST & TAXES (175,841,485) 306,933,801 706,584,628 1,493,920,939 2,238,020,746
INTEREST INCOME / (EXPENSE) (27,849,185) (11,346,841) (7,984,216) (4,218,077) (0)
NET EARNINGS BEFORE TAXES (203,690,669) 295,586,960 698,600,412 1,489,702,863 2,238,020,746
TAXES 0 (29,558,696) (69,860,041) (148,970,286) (223,802,075)
NET EARNINGS (203,690,669) 266,028,264 628,740,371 1,340,732,576 2,014,218,671
% of Revenues -6.2% 5.4% 9.7% 15.4% 18.0%

24. 05-05-11
Biokraftstoffe 1$ = 8,552
10:36 PM
Balance Sheet inflasi = 6.70%
Years 1 to 5 € 1.00 = $ 1.48
(Rp) € 1.00 = 12,657
Begin Year 1 Year 2 Year 3
ASSETS
CURRENT ASSETS
Cash 50,000,000 23,613,142 103,763,290 689,778,505
Accounts Receivable 0 0 0
Inventories 0 0 0
Other Current Assets 0 0 0
Total Current Assets 50,000,000 23,613,142 103,763,290 689,778,505
PROPERTY & EQUIPMENT 141,915,404 92,272,727 103,131,313 117,834,596
TOTAL ASSETS 191,915,404 115,885,869 206,894,603 807,613,101
LIABILITIES & SHAREHOLDERS' EQUITY
CURRENT LIABILITIES
Short Term Debt 0 150,000,000 0 0
Accounts Payable & Accrued Expen 0 0 0
Other Current Liab 0 0 0
Total Current Liabilities 0 150,000,000 0 0
LONG TERM DEBT 141,915,404 119,576,538 94,557,009 66,535,136
STOCKHOLDERS' EQUITY
Capital 50,000,000 50,000,000 50,000,000 50,000,000
Retained Earnings (203,690,669) 62,337,594 691,077,965
Total Equity 50,000,000 (153,690,669) 112,337,594 741,077,965
TOTAL LIABILITIES & EQUITY 191,915,404 115,885,869 206,894,603 807,613,101
0 0 0 0

25. 05-05-11
Rp
10:36 PM
Rp
Year 4 Year 5
1,986,702,341 3,976,136,536
0 0
0 0
0 0
1,986,702,341 3,976,136,536
130,258,838 119,892,677
2,116,961,179 4,096,029,213
0 0
0 0
0 0
0 0
35,150,638 0
50,000,000 50,000,000
2,031,810,542 4,046,029,213
2,081,810,542 4,096,029,213
2,116,961,179 4,096,029,213
0 0

26. 05-05-11
Biokraftstoffe 1$ = 8,552 Rp
10:36 PM
Cash Flow Statememt inflasi = 6.70%
Years 1 to 5 € 1.00 = $ 1.48
(Rp) € 1.00 = 12,657 Rp
Begin Year 1 Year 2 Year 3 Year 4
OPERATING ACTIVITIES
Net Earnings (203,690,669) 266,028,264 628,740,371 1,340,732,576
Depreciation 65,141,414 5,808,081 8,087,121 10,366,162
Working Capital Changes
(Increase)/Decrease Accounts Receivable 0 0 0 0
(Increase)/Decrease Inventories 0 0 0 0
(Increase)/Decrease Other Current Assets 0 0 0 0
Increase/(Decrease) Accts Pay & Accrd Expenses 0 0 0 0
Increase/(Decrease) Other Current Liab 0 0 0 0
Net Cash Provided/(Used) by Operating Activities (138,549,255) 271,836,345 636,827,492 1,351,098,738
INVESTING ACTIVITIES
Property & Equipment (141,915,404) (15,498,737) (16,666,667) (22,790,404) (22,790,404)
Initial Fee for CDM Project
Project AMS-II.G (949,272,000)
Project AMS-I.G (949,272,000)
Project AMS-I.H (949,272,000)
Net Cash Used in Investing Activities (1,091,187,404) (1,914,042,737) (16,666,667) (22,790,404) (22,790,404)
FINANCING ACTIVITIES
Increase/(Decrease) Short Term Debt 150,000,000 (150,000,000) 0 0
Increase/(Decrease) Long Term Debt 141,915,404 (22,338,866) (25,019,530) (28,021,873) (31,384,498)
Increase/(Decrease) Owner's Capital 50,000,000 0 0 0 0
Increase/(Decrease) Partnership Contribution 949,272,000 1,898,544,000 0 0 0
Dividends Declared 0 0 0 0
Net Cash Provided / (Used) by Financing 1,141,187,404 2,026,205,134 (175,019,530) (28,021,873) (31,384,498)
INCREASE/(DECREASE) IN CASH 50,000,000 (26,386,858) 80,150,148 586,015,215 1,296,923,836
CASH AT BEGINNING OF YEAR 50,000,000 23,613,142 103,763,290 689,778,505
CASH AT END OF YEAR 50,000,000 23,613,142 103,763,290 689,778,505 1,986,702,341
(1,091,187,404) 23,613,142 103,763,290 689,778,505 1,986,702,341
NPV 1,527,558,148
IRR 53%
MIRR 44%

27. 05-05-11
10:36 PM
Year 5
2,014,218,671
10,366,162
0
0
0
0
0
2,024,584,833
0
0
0
(35,150,638)
0
0
0
(35,150,638)
1,989,434,195
1,986,702,341
3,976,136,536
3,976,136,536