ࡱ> {  !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz|}~Root Entry F %WorkbookqSummaryInformation(DocumentSummaryInformation8 ɂ\p Greg Ruthven Ba=  ThisWorkbook=1R5(8@"1Arial1Arial1Arial1Arial1Arial1Arial1Arial1Arial1Arial1Arial1 Arial1$Arial1 Arial1Arial1QTahoma1QTahoma1Arial1Arial1QTahoma1QTahoma1Arial1QTahoma1QTahoma1BCalibri1 BCalibri1BCalibri14BCalibri1 BCalibri1BCalibri1BCalibri1,8BCalibri18BCalibri18BCalibri1>BCalibri14BCalibri1<BCalibri1?BCalibri1h8BCambria1BCalibri1 BCalibri"$"#,##0;\-"$"#,##0"$"#,##0;[Red]\-"$"#,##0"$"#,##0.00;\-"$"#,##0.00#"$"#,##0.00;[Red]\-"$"#,##0.005*0_-"$"* #,##0_-;\-"$"* #,##0_-;_-"$"* "-"_-;_-@_-,)'_-* #,##0_-;\-* #,##0_-;_-* "-"_-;_-@_-=,8_-"$"* #,##0.00_-;\-"$"* #,##0.00_-;_-"$"* "-"??_-;_-@_-4+/_-* #,##0.00_-;\-* #,##0.00_-;_-* "-"??_-;_-@_-"$"#,##0_);\("$"#,##0\)!"$"#,##0_);[Red]\("$"#,##0\)""$"#,##0.00_);\("$"#,##0.00\)'""$"#,##0.00_);[Red]\("$"#,##0.00\)72_("$"* #,##0_);_("$"* \(#,##0\);_("$"* "-"_);_(@_).)_(* #,##0_);_(* \(#,##0\);_(* "-"_);_(@_)?:_("$"* #,##0.00_);_("$"* \(#,##0.00\);_("$"* "-"??_);_(@_)61_(* #,##0.00_);_(* \(#,##0.00\);_(* "-"??_);_(@_) "$"#,##0.00!#,##0.00_ ;[Red]\-#,##0.00\ ![$-C09]dddd\,\ d\ mmmm\ yyyy[$-409]h:mm:ss\ AM/PM"Yes";"Yes";"No""True";"True";"False""On";"On";"Off"],[$ -2]\ #,##0.00_);[Red]\([$ -2]\ #,##0.00\) 0.0% "$"#,##0.000 0.00000000 0.0000000 0.000000 0.00000 0.0000 mmm\-yyyy d\-mmm\-yyyy                                                                      ff + ) , *      P  P !  !  "   # ` $      %   & ' a> (    H  ""@ @   ""@ @   ""@ @   ""@ @   " @       "@@    " @      " @   @@  @   @   ""@ @ #""@ @      @@   @      " @   @  ""@ @   ""@ @   ""@ @   " @   "" #"@ @  "@ @  ""@ @   "@@ 7   @7      ""@ @        ""  ""   "@  # " @  # (            #      ""@ @  ("@@     (@  "@ @   (@ #  "@ (@  "@ #  ( @  " @ # ( #    "@   ""@ @ 7        "   ""   "  # " @  ( #""@ @   "@  ! # #""@ @   "@ @   "@ @   !"@ @  #""@ @   @  #""  @7   @    "  " @    ""@ @   @   @   !@   @ @   @ @   !@ @   ""@ @  !"@@  ! " @  !"@  " ||gR}A} 00_)ef[$ -}A} 00_)ef[$ -}A} 00_)ef[$ -}A} 00_)ef[$ -}A} 00_)ef[$ -}A} 00_)ef [$ -}A} 00_)L[$ -}A} 00_)L[$ -}A} 00_)L[$ -}A} 00_)L[$ -}A} 00_)L[$ -}A} 00_)L [$ -}A} 00_)23[$ -}A} 00_)23[$ -}A} 00_)23[$ -}A} 00_)23[$ -}A}  00_)23[$ -}A}! 00_)23 [$ -}A}" 00_)[$ -}A}# 00_)[$ -}A}$ 00_)[$ -}A}% 00_)[$ -}A}& 00_)[$ -}A}' 00_) [$ -}A}( 00_)[$ -}}) }00_)[$ -##0.  }}* 00_)[$ -???##0.??? ??? ???}-}/ 00_)}A}1 a00_)[$ -}A}2 00_)[$ -}A}3 00_)?[$ -}A}4 00_)23[$ -}-}5 00_)}}7 ??v00_)̙[$ -##0.  }A}8 }00_)[$ -}A}9 e00_)[$ -}x}:00_)[$##  }}; ???00_)[$???## ???  ??? ???}-}= 00_)}U}> 00_)[$## }-}? 00_)}(}00_)}(}00_)}(}00_)}(}00_) 20% - Accent1M 20% - Accent1 ef % 20% - Accent2M" 20% - Accent2 ef % 20% - Accent3M& 20% - Accent3 ef % 20% - Accent4M* 20% - Accent4 ef % 20% - Accent5M. 20% - Accent5 ef % 20% - Accent6M2 20% - Accent6  ef % 40% - Accent1M 40% - Accent1 L % 40% - Accent2M# 40% - Accent2 L湸 % 40% - Accent3M' 40% - Accent3 L % 40% - Accent4M+ 40% - Accent4 L % 40% - Accent5M/ 40% - Accent5 L % 40% - Accent6M3 40% - Accent6  Lմ % 60% - Accent1M 60% - Accent1 23 % 60% - Accent2M$ 60% - Accent2 23ٗ % 60% - Accent3M( 60% - Accent3 23֚ % 60% - Accent4M, 60% - Accent4 23 % 60% - Accent5M0 60% - Accent5 23 %! 60% - Accent6M4 60% - Accent6  23 % "Accent1AAccent1 O % #Accent2A!Accent2 PM % $Accent3A%Accent3 Y % %Accent4A)Accent4 d % &Accent5A-Accent5 K % 'Accent6A1Accent6  F %(Bad9Bad  %) Calculation Calculation  }% * Check Cell Check Cell  %????????? ???+ Comma,( Comma [0]-&Currency.. Currency [0]/Explanatory TextG5Explanatory Text %0 : Followed Hyperlink 1Good;Good  a%2 Heading 1G Heading 1 I}%O3 Heading 2G Heading 2 I}%?4 Heading 3G Heading 3 I}%235 Heading 49 Heading 4 I}%6( Hyperlink 7InputuInput ̙ ??v% 8 Linked CellK Linked Cell }% 9NeutralANeutral  e%"Normal :Noteb Note   ;OutputwOutput  ???%????????? ???<$Percent =Title1Title I}% >TotalMTotal %OO? Warning Text? Warning Text %XTableStyleMedium9PivotStyleLight16`UREADMEhMRCP_Calculation}ANNUALISED_CAP_COSTCANNUALISED_FIXED_O&M WACC PC cM 2TC a(FFC >LC2ZESCALATION_FACTORS= >  8h0 "    3 A@@  WhereMAXIMUM RESERVE CAPACITY PRICE'Weighted Average Cost of Capital (WACC)CAPM ParameterValueExpected Inflation (%)!Real risk free rate of return (%) Asset beta Equity betaCorporate tax rate (%)Debt to total assets ratio (%) Equity to total assets ratio (%)$Nominal Risk Free Rate of Return (%)Market Risk Premium (%)Franking credit valueWACCTerm of Finance (Years)M%MWYearsValue (For Calculation)$AUD/MW$AUD $AUD/Year $AUD/MW/Year:Nominal post-tax Cost of Equity (Nominal return on equity)5Nominal pre-tax Cost of Debt (Nominal return on debt) WACC (Real)WACC (Nominal) Capacity (MW)Total Cost Per MWSKM Total EPC Cost ($) Total M as a percentage of CAPEX+ITEM A - Sub total for facility intallation Generation Transmission 6 to 10 years11 to 15 years 1 to 5 years21 to 25 years26 to 30 years31 to 35 years36 to 40 years41 to 45 years46 to 50 yearsYear Year Factor Yearly Cost Present ValueTotal PV (Sum)Switchyard O&M 5 Year CostCost Per MW Per YearAnuity51 to 55 years56 to 60 yearsPer MW Per YearRegionPinjarKwinanaKemertonCollieEneabba KalgoorlieLand Area (Hectares) GeraldtonPrice Per HectareAssessed ValueESCALATION FACTORSCPIEscalation Type EscalationWestern Power ChargesTotal WP ChargesCost Per MW Per yearITransmission Line O&M Costs (SKM Non Power Station Elements - Table 4-2) CSwitchyard O&M Costs (SKM Non Power Station Elements - Table 4-1) ?Generation O&M Costs (SKM Power Station Elements - Table 3-2) -Use of system Charge (unit price is $/kW/day)6Control system service charge (unit price is $/kW/day)2Transmission Metering (unit price is $/meter/day)This spreadsheet performs the calculation of the Maximum Reserve Capacity Price (MRCP). It has been published to improve the transparency of the MRCP determination for Market Participants.=Throughout this spreadsheet, the following conventions apply: * The green cells are input values. These cells are editable to allow Market Participants to test the sensitivity of the various input values.2The following worksheets contain input parameters:a * The M sheet contains the margin M for legal, financing and approval costs as provided by SKM.e * The PC sheet calculates the annualised power station capital cost from the costs provided by SKM._ * The ANNUALISED_CAP_COST sheet determines the annualised capital cost for the power station.] * The MRCP_Calculation sheet displays the final MRCP equation and the various input values.SThe following worksheets perform or display the calculations that lead to the MRCP:Power_Station_CapitalMRCPJThe Maximum Reserve Capacity Price to apply in a reserve Capacity Auction ANNUALISED_FIXED_O&MIs the annualised fixed operating and maintenance costs for a typical open cycle gas turbine power station and any associated electricity transmission facilities determined in cluase 1.9 and expressed in Australian dollars in year t, per MW per yearANNUALISED_CAP_COSTIs the CAPCOST, expressed in Australia dollars, annualised over a 15 year period, using a Weighted Average Cost of Capital (WACC) as determined in clause 1.13CCPCTC7MRCP =(ANNUALISED_FIXED_O&M + ANNUALISED_CAP_COST / CC)FFCLCCAP_COST3where ANNUALISED_CAP_COST = -PMT(WACC,TERM,CAPCOST)Annual 5- yearlyDebt risk premium (%) , DRP (%)= Average Cost16 to 20 yearsDebt Issuance Costs (%)5-yearlyEscalation typeTotal Transmission CostsGeneration_O&M%Fixed Network Access/ ongoing chargesAsset Insurance Costs Yearly costCost per MW Per YearfITEM B - Fuel sufficient for 14 hours of operation at maximum capacity (litres * fuel price per litre)Fixed Fuel Costs Vis the expected Capacity Credit allocation determined @ 41DegC including inlet cooling Prices as atTo be escalated toTotalReview FrequencyF = -PMT(WACC,15,(PCx (1+M) x CC + TC x CC + FFC + LC) x (1+ WACC)^1/2)gMargin to cover legal, approval, financing and other costs and contingencies as determined in step 1.12Capital cost of an open cycle gas turbine power station, expressed in Australian dollars per MW as determined in step 1.7 for that locationois the expected Capacity Credit allocation determined in conjunction with Power Station costs in step 1.7.1 (b)ois the Transmission Connection Cost Estimate, expressed in Australian dollars per MW, as determined in step 1.81is the Fixed Fuel Cost as determined in step 1.10+is the Land Cost as determined in step 1.11BIs the Weighted Average Cost of Capital as determined in step 1.13Asset replacement insurance'Public and products liability insuranceBusiness interruption insurance * The ANNUALISED_FIXED_O&M sheet calculates the annualised fixed O&M cost from the costs provided by SKM, Western Power and the IMO.Connection_O&MTransmission_ConnectionFinancial Year endingFinancial year ending"Escalation (Financial Year ending)TC (Western Power Costing)k * The TC sheet calculates the transmission connection cost from the parameters provided by Western Power.N * The LC sheet calculates the land cost from the costs provided by Landgate.p * The ESCALATION_FACTORS sheet contains the various cost escalation factors provided by SKM and Western Power. * The WACC sheet calculates the Weighted Average Cost of Capital from the DRP provided by Pricewaterhouse Coopers (PwC) and other WACC parameters calculated by the IMO.P * The FFC sheet calculates the fixed fuel cost from the costs provided by SKM.WIMO Calculation Spreadsheet for Maximum Reserve Capacity Price (2015/16) - Final Report= J>?o?B@@psAByZBBT[DG II JI |K *LM)P~QccB ɂ d-g  dMbP?_*+%&ffffff?'ffffff?(?)?M\\IMOPrint\Lanier MP C5000 (Co C 4dXXA4 4 F **`fdd 4 F **`fddd 4 ;XXTimes New RomanH" dXX333333?333333?&<3U} ;      H @Q @R @S @T @ @ @V @U A @ @ @@ @Y @W @X&>@ PH(0(  (>@7ggD ɂ we|  dMbP?_*+%&?'?(?)?M\\IMOPrint\Lanier MP C5000 (Co C odXXA4 ~o  **$dd 4 F **`fddd 4 ;XXTimes New RomanH"dXX??&U} } Q} I} } } mRwK               rsZZZ d'glȣ+AD D D  ZZZZZZ ZZZZZZ [ZZZ \ZZZZZZ ] g_|շ@Z  ZZZ ^ ZZZ ZZZ _ gvrA Z  ZZZ ` ZZZZ a~33333c@ Z  Z zZZ ((T"W"""M"M"M"i   PH 0(  >@dmR7 Sheet1ggD ɂ %~F  dMbP?_*+%&?'?(?)?"??&U} fV} [} $t} $ V%wK         I_ rs] [bnS~ P)AZ t u] [ve`TR'?Z t uu [aw33333c@Z t u ] [c n@@Z  t u ] [enRl8ZAZ t u] [fnM#xDA Z t ]] [xAM{?Z t ]] [gZn_¦ADDDDD DDDD? t yz{ [xAM{?Z t [~ ~.@ t [_*|vrADDDB; t] }h }BFX = = = = = = = z=*J $ $Vl"T l   j  Y   0(    N [X? <$]4@ [@& k I*J,c%z P<QMT : PMT= calculate payment for a loan with constant payments and interest rate <P  >@P 7 Sheet2ggD ɂ $V$>  dMbP?_*+%&?'?(?)?M\\IMOPrint\Lanier MP C5000 (Co C 4dXXA4 4 F **`fdd 4 F **`fddd 4 ;XXTimes New RomanH" dXX??&U} JL} IL} $L} L} IL} L} IL} L} IL} L} mL} L}  L} L} $ LwK  w@ @                      V V      I] rJ I# rM hM i N'~ B~ O%~ B~ O&~ B~ _n~ B~ O( ~ B~ \) ~ B~ O* ~ B~ O+ ~ B~ O, ~ B~ P-~ B~ Q.Q~ R?j@ Dj@ Lj@j@j@j@  j @  j"@  j$@  j&@  j(@j*@j,@j.@ Q/Q~ R@j@Dj@Lj@j@j@j@ j@ j@  j@  j@  j@ j@ j@j@ Q3Ql`cADk`cADk`cADk`cADk`cA Dl`cADk`cA D k`cA4 k`cA k`cAW  l`cA D k`cAD k`cAk`cAk`cA Q0Q!kffff?AV DDkffff?A LLkffff?AVkffff?Akffff?AW kffff?AUkffff?AU kffff?AW kffff?A  kffff?A  kffff?A kffff?Akffff?Akffff?A6kffff?A QQmAM{?YZmAM{?DmAM{?X LmAM{?mAM{?mAM{?mAM{? mAM{?  mAM{?Y  mAM{?6  mAM{?  mAM{?X mAM{? mAM{?mAM{? Q1Q,jHvB#>A6DDD,jq ?V  WWWWW !Q4!Q!@G@eDDD [D$$B$DAEAABDDAEAA BDD DD B$;D$$B$$BDD BDD DD B$;D$$B$$BDD BDD ;D$$B$$BDD BZ  !L8"T $I$ $rM &hL &i 'O''~ 'B@A (O%(~ (B@A )O&)~ )B@A *On*~ *B@A +O(+~ +B@A ,O),~ ,B@A -O*-~ -B@A .O+.~ .B@A /O,/~ /B@A 0P-0~ 0B@A 2Q.2Q~ 2R?2j@2 D22j@2222 L2j@222j@222j@222j@2 22 j @2 22 j"@2 22 j$@2 22 j&@2 22 j(@222j*@222j,@222j.@32 3Q/3Q~ 3R@3j@3D33j@3334L3j@333j@333j@333j@3 33 j@3 33 j@3 33 j@3 33 j@3 33 j@433j@5 33j@533j@53 4Q34Q4l@A5D'4k@A5D44k@A4D44k@A5D44k@A5D44l@AD(4k@A5D44 k@AW34 k@AV34 k@A5 34 l@A4D)4 k@A D4 4k@A434k@A 34k@A3 5Q05Q!5kR@4 D4D35kR@>555 LL5kR@W55kR@4 55kR@W55kR@5 55kR@V55 kR@4 55 kR@ 55 kR@5 55 kR@V 55 kR@4 55kR@5 55kR@4 55kR@55 6Q6Q6mAM{?XZ6mAM{?D66mAM{?7666 L6mAM{?Y66mAM{?66mAM{?766mAM{?766 mAM{?766 mAM{?7 66 mAM{?7 66 mAM{?7 66 mAM{? 66mAM{?Y 66mAM{?766mAM{?76 7Q17Q,7j@6D5D6D27j@8%:@7 77LLL7j͕PD@677j?ik7x@677jl 5@X77jmǾs@Y77j۪GJ@77 jT@ 77 j豭3C@X 77 jdra^@6 77 jB_ܮj@6 77 jIr#L@677j-r@77j[ 4@677jj7W@87 8Q28Q#8nCJCG>!A9 %77 8q 9Q59Q,9nR@D6ZD8B;9q :QF:Q :S ;W{;W~ ;b@@ <W|<W~ <c@ =WW >Q>=@>Z.>_vO??D:;Bf?W?k@?Z.?_vO?@D:;Bf ?WWDl &&&&&&&&&&IR&&&a@V AV BV C DE F G H I J K L M N O P Q R S T U V WXYZ[ \ ]V ^V _ @W@ @@Z.@_vO?AD:;Bf @WWALA@AZ.A_vO?TD:;Bf AWWBWWWWW CQ4CQCVqz@iD9D;D> [D>$<$>B$;D>AEAABD>D>AEAA BD;D? D<D> B$;D?$<$?B$;$>BD?D> BD;D@ D<D? B$;D@$<$@B$;$?BD@D? BD<D@ ;DA$<$AB$;$@BDAD@ BZ  CL8 DQQU FhK Fi GN'G~ GB@ HO%H~ HB@ IO&I~ IB@ JOnJ~ JB@ KO(K~ KB@ LO)L~ LB@ MO*M~ MB@ NO+N~ NB@ OO,O~ OB@ PO-P~ PB@ QO6Q~ QB@ RP7R~ RB@ TQ.TQ~ TR?Tj@T DTTj@TTTT LTj@TTTj@TTTj@TTTj@T TT j @T TT j"@T TT j$@T TT j&@T TT j(@TTTj*@TTTj,@TTTj.@UT UQ/UQ~ UR@Uj@UDUUj@UUUVLUj@UUUj@UUUj@UUUj@U UU j@U UU j@U UU j@U UU j@U UU j@VUUj@UUUj@W UUj@WU VQ3VQVl@WDGVk@WDVVk@3DVVk@WDVVk@WDVVk@4 DHVk@V DVV k@V UV k@W UV k@W UV k@VDIV k@4DV Vk@VUVk@VUVk@V U WQ0WQ!Wk@V DVDUWk@`WWW LLWk@ WWk@VWWk@3WWk@WWk@WW k@4WW k@4WW k@4WW k@ WW k@WWk@5WWk@3WWk@WW XQXQXmAM{?ZXmAM{?7DXXmAM{?YXXX LXmAM{?XXmAM{?YXXmAM{?YXXmAM{?XX mAM{?6 XX mAM{?6 XX mAM{?Y XX mAM{?7 XX mAM{?Y XXmAM{?XXmAM{?YXXmAM{?YX YQ1YQYj,B@XY YYLLLYj-{t@7YYj7*@XYYjÚ@YYj6r@YYYjBd@XYYj,@X YY j"=;@X YY jmk|)@ YY jc}y΃@X YY j 9@7 YY jPWX@XYYj6堓@XYYjA͐!n@7YYj_.Y}@ZY ZQ2ZQ#Znnwy&@[ %YY5Zq [Q5[Q,[n@YDXZDZB;[q \QF\Q \S ]W{]W~ ]b@@ ^W|^W~ ^c@ _WWD7lkk&&&&&&&&&&&& IR&&&`  a V b V c V d V e  g  h w i  j  k  l  m V n  o V pV q r sV tV uV vV wV xy zw { | } ~  `Q`=@`Z.`_vO?aD\;BfaWak@aZ.a_vO?bD\;Bf aWWbWb @bZ.b_vO?cD\;Bf bWWcLc@cZ.c_vO?rD\;Bf cWWdWWWWW eQ4eQe? @jD[D]D` [D`$^$`B$]D`AEAABD`D`AEAA BD]Da D^D` B$;Da$^$aB$]$`BDaD` BD]Db D^Da B$;Db$^$bB$]$aBDbDa BD^Db ;Dc$^$cB$]$bBDcDb BZ  eL8e T hIu hrM iNisiBM%Al]ZZZZ@*AZg?RQ?? jOj`jB{mAJL@ NDrDsDtDoDsDtDs kOk~ kB lWvlW#lo)Aw %ikmWWWWW nWFnW nSE oW{oW~ ob@ pW|pW~ pc@ qWW rQr=@rZ.rp= ף?sDn;BfsWsk@sZ.s?tDn;Bf sWWtWt @tZ.t?uDn;Bf tWWuLu@uZ.u?}Dn;Bf uWWvWWWWW wWwwWw., @DlDoDr [Dr$p$rB$oDAEAABDrDAEAA BDoDs DpDr B$;Ds$p$sB$o$rBDsDr BDoDt DpDs B$;Dt$p$tB$o$sBDtDs BDpDt ;Du$p$uB$o$tBDuDt BZ  wL8xVVVV zIt zrM{VVVV |WH |XY }ZO} KA5 %}1 [FW eE W{W~ b`@ W|W~ c@ WW Q=@Z.p= ף?D;BfWk@Z.?D;BfWW @Z.?D;BfWL@Z.?D;BfWWWWW WJ֠@CDDD [D$$B$DAEAABDDAEAA BDD DD B$;D$$B$$BDD BDD DD B$;D$$B$$BDD BDD ;D$$B$$BDD BZ  L8V] ]3g_|շ@$e$C$!$w$B [["5&&&aggg OT [  C $e  $  E@ (    NPUX?m~d]4@PU@& XxGC9U> ~<Greg Ruthven: Price for Bluewaters - the maximum rate for power stations located in the regions listed in the Market Procedure<I  ~\S  TU X?idn]4@U& JB"F*, <Greg Ruthven: This cell calculated as: $120,000 as at 30 June 2012, escalated forward to 1 April 2015 for consistency with the Asset replacement insurance above. 2% mark-up for terrorism levy 10% mark-up for stamp duty (also applies to terrorism levy)<I  M3  N(WX?jd(n]4@(W &  ~EKս( =<>Greg Ruthven: Included within the asset replacement insurance<I  =A'  TW X?hvo]4@W & Rm@Fk6 ^<_Greg Ruthven: Includes business interruption insurance Premium calculated as 0.28% of maximum liability, price as at 1 April 2015. Maximum liability calculated as (PC x (1+M) x CC) + FFC (non-fuel portion) + 2 years of capacity refunds (2 x $153,400 x CAP) 2% mark-up for terrorism levy 10% mark-up for stamp duty (also applies to terrorism levy)<I < ^i Greg Ruthvenj Greg Ruthvenk Greg Ruthven Greg Ruthven>@Fg b  7 Sheet3b(b(ggT ɂ A   dMbP?_*+%&?'?(?)?M\\IMOPrint\Lanier MP C5000 (Co C odXXA4 ~o  **$dd 4 F **`fddd 4 ;XXTimes New RomanH"dXX??&U} 9} } m} I}  } m } I} I} $ # Fixed/UpdatedCAPM ParameterwK                           I J h ~    i~ `s@Z3U0*? DdZ  i~ `p@Zo_Q? DdZ  i`?ZI +v? DdZ Z Zj~ a@ZQ? DdZ Z Zj~ a?Z?DZ Z Zj~ aT@Z(\? DZ k Zi~ `p@ Z6? D d Z Zo Zp~ a? Z{GzT?  D d Z Z Zi~ `>@ Z333333?  D d Z Z Zj~ a? Z? D  Z Z Zj~ aD@ Z? D d Z Z Zj~ aN@Z333333? DdZZ 'e;O?DD D Z (Dioɴ?DDDZ ]Z [K::36?5D D DDDD Z [0AM{? DDZ]08WW[WSSWWWSWWCDgL  PHP,0(  ,>@d7 Sheet4ggDggh'h  ɂ  L  dMbP?_*+%&ffffff?'ffffff?(?)?"333333?333333?&<3U} L} L} $L} $ LwK        V  V         V  Ib rJ L ~ BV L~ C,@\ L!orG'A  DD\ LF eZ W{W~ b@@ W| W~ c@ WW Q =@ Z. ǘ? D;Bf W k@ Z. z? D;Bf W  @ Z. 镲 ?D;BfWWWWW WbWCS~ P)A-DDD  [D $ $ B$D AEAABD D AEAA BDD  D D  B$;D $ $ B$$ BD D  BD D  2D D $$ BD D  B$, 3 &&a]]$     PH`0(  >@7 Sheet5ggD ɂ 1  dMbP?_*+%&ffffff?'ffffff?(?)?"333333?333333?&<3U} L} $ LwK   IJ Q!De`TR'? t(PHp$0(  $>@7 Sheet6b(b(ggD ɂ  $4'  dMbP?_*+%&jZ?'jZ?(~?)~?M\\IMOPrint\Lanier MP C5000 (Co Co dXXA4 ~ o **$dd 4F **f`ddd 4 ;XXTimes New RomanH"dXX BP(? BP(?&\(U} IL} L} $ L wV @   V V       I^ Qr~ E@@O q f W{~ c@ W|~ c@ WW G.\ Ac̝ D;Bf Qc8 g@@"DDDDm @    PH0(  >@d7 Sheet7b(b(ggD ɂ 8=  dMbP?_*+%&ffffff?'ffffff?(?)?M\\IMOPrint\Lanier MP C5000 (Co C 4dXXA4 4 F **`fdd 4 F **`fddd 4 ;XXTimes New RomanH" dXX333333?333333?&<3U} 6L} L} $ L} $ L} $ L} $ LwV   v@   V    V  V     V V V  e  y L"~ d,VA x~ d&AT TTT Q}#YA  %WWWW QF eE W{~ b@@ W|~ c@ W W Q =@ Z. p= ף?D ;BfWk@Z.?D ;BfWW @Z.?D ;BfWWWWW QeCRl8ZA-DD D  [D $ $ B$ D AEAABD D AEAA BD D D D  B$;D$ $B$ $ BDD  BD D 2DD $ $BDD B&@4 5agg$  Rl  PH0(  >@ 7 Sheet8b(b(ggD ɂ NoW  dMbP?_*+%&ffffff?'ffffff?(?)?M\\IMOPrint\Lanier MP C5000 (Co C odXXA4 ~o  **$dd 4 F **`fddd 4 ;XXTimes New RomanH"dXX333333?333333?&<3U} mL} L} IL} $} $ LwV                V V V        If r Q9 Q@ QB C L:~ C@/B>;A9AQAD!@oTA  DD L;~ C@/BUUUՒoBA0AADQAD@\[A  LL L<~ C@)BAAD3A L=~ C@)BUUUU=@j@'DTA LA~ C@)BA OACDhA L>~ C@# B@  @" D   @  L?~ F@/ GUUUU6+A )A@D  iDA Qm# I$CA % B WF WW SE W{ WW~ b@@ W| WW~ c@ WG Q=@Z.p= ף?D ;BfQk@Z.?D ;BfQ @Z.?D ;Bf QfCM#xDA-D DD [D$$B$DAEAABDDAEAA BDD DD B$;D$$B$$BDD BDD 2DD$$BDD B0V8thhhbn5***o]] U$ M   (     NXX?rP]4@X& `BnL6Qi` N<Ovan Niekerk: These numbers have been updated based on the 2012 Landgate report<J Ne8 van Niekerk>@ N"N7 Sheet9b(b(ggD ɂ  il  dMbP?_*+%&?'?(?)?M\\IMOPrint\Lanier MP C5000 (Co C 4dXXA4 4 F **`fdd 4 F **`fddd 4 ;XXTimes New RomanH" d,,??&U} %L} $ L} $ L w   h@h@h@h@h@ D  =@k@ @@ Zǘ?z?镲 ?v/? sk g?;On?]m{?:pΈ? _vO?_vO?_vO?_vO? E @@@@ \ Ac̝\ Ac̝\ Ac̝\ Ac̝ "VVV0 (     N(YX?r]4@(Y& BNhLC5 /<0van Niekerk: As per SKM report dated 30/10/2012<J /e  NYX? ]4 @Y@& TF}5  <!As per WP report dated 8/10/2012<   NYX? <]4 @Y& X&L+bVW Z<[Greg Ruthven: As per Reserve Bank of Australia Statement on Monetary Policy, November 2012<Y Z+ van Niekerk Greg Ruthven Johan van Niekerke>@danbn7 Sheet11ggD  Oh+'0HPh William StreetGreg RuthvenMicrosoft Excel@aE}@`+@Z%՜.+,D՜.+,P PXh px ,IMOWA  READMEMRCP_CalculationANNUALISED_CAP_COSTANNUALISED_FIXED_O&MWACCPCMTCFFCLCESCALATION_FACTORS  Worksheets T >FPA Classification F&Microsoft Office Excel 2003 WorksheetBiff8Excel.Sheet.89qCompObj r