Research, Policy and Practice
Table 6 Financial and economic values associated with proposed livestock systems and tourism wildlife enterprises - Savanna biome (N$, 2008, where N$1.00 = US$0.13)
Traditional | Cattle post | Commercial | Tourism | |
|---|---|---|---|---|
Financial data | ||||
Initial capital | 87,345 | 1,019,233 | 3,316,252 | 34,902,460 |
At stability | ||||
Gross turnover | 29,237 | 374,960 | 828,721 | 46,051,817 |
Variable financial costs | 7,802 | 223,486 | 361,592 | 35,102,546 |
Fixed financial costs | 10,017 | 80,864 | 425,608 | 7,434,437 |
Entrepreneur net income | 10017 | 70,610 | 41,521 | 3,514,834 |
Community income | 18,438 | 97,610 | 62,370 | 1,487,160 |
Overall return | ||||
Financial IRR (10 years) | 15.49% | 8.30% | 6.59% | 21.02% |
Financial NPV (10 years at 10%) | 24,733 | (135,447) | (637,192) | 15,202,591 |
Wage bill | 7,020 | 27,000 | 103,950 | 3,287,160 |
Economic data | ||||
Initial capital | 75,501 | 894,863 | 3,068,388 | 30,307,333 |
Gross output | 24,893 | 426,422 | 673,377 | 41,877,101 |
Economic costs | 19,136 | 256,154 | 584,119 | 31,476,663 |
Incremental contribution to GNI | 5,757 | 170,268 | 89,258 | 10,400,439 |
Incremental contribution to NNI | 4,536 | 147,025 | (47,474) | 9,577,954 |
Economic IRR (10 years) | 19.76% | 10.86% | 6.81% | 63.09% |
Economic NPV (10 years at 10%) | 35,386 | 56,443 | (501,139) | 55,517,848 |
Number of jobs | 1.3 | 4 | 7 | 135 |
Incremental contribution to GNI per hectare | 31.99 | 24.05 | 8.93 | 385.20 |
Incremental contribution to NNI per hectare | 25.20 | 20.42 | (4.75) | 354.74 |
Community income per hectare | 102.43 | 8.12 | 6.24 | 55.08 |
Entrepreneur net cash income per hectare | 63.43 | 7.03 | 4.15 | 130.18 |
Initial economic capital per hectare | 419.45 | 140.25 | 306.84 | 1,122.49 |
Economic gross output per hectare | 138.30 | 66.63 | 67.34 | 1,551.00 |