MyProject® helps determine the financial viability of investment projects by analysing their cash flows. The package allows:

• flexible entry of actual or hypothetical project data over any number of years
• projects to produce any number of products, each product with its own production, price and cost profiles
• any number of different types of capital investments in the project, each investment subject to its own tax treatment (eg income tax depreciation, capital gains taxation, accruals treatment)
• imposition of differing levels of price or cost inflation on projects
• re-runs with specified changes in product prices, cost inflation, income tax rate or profit royalty rate until required return is achieved
• a wide range of different ways of imposing income taxation and capital gains taxation and additional royalties (including cash flow taxes) on projects
• analysis of projects by the direct investor (regardless of whether the investor is, say, a sole trader, company or trust) or by someone leasing the project to another (with analysis undertaken from the perspective of both the lessor and lessee).

MyProject is primarily designed to determine the internal rate of return and net present value (NPV) of investment projects and provide associated cash flow details over the lives of the projects. MyProject also provides year-by-year snapshots of each project showing profit and loss statement, balance sheet and cash flow and tax statements.

The user gets a feel for the financial viability of projects by comparing their returns to the returns available from financial markets, either before or after tax and royalties. An understanding of the effect of tax and royalties is obtained by comparing the return and NPV of projects before and after taxes and royalties.

By entering sector-wide or economy-wide data as project data and changing tax treatment over the duration of the 'project', MyProject may be used to simulate sector- or economy-wide tax revenue effects of changes in tax treatment.

MyProject is written in Microsoft® Visual Basic.Net®. The package incorporates a quick start guide and an electronic User's Guide:

• to assist in the use of the package; to explain and discuss internal rates of return and NPVs;
• to suggest how MyProject may be used to test which income tax and cash flow royalty arrangements have least effect on investment decision-making; to discuss the analysis of leasing with MyProject;
• to explain how data may be varied in 12 sample projects included with the package to broaden the scope of these examples; and
• to explain how 7 of these sample projects may be used to replicate many of the tables in Wayne Mayo's 2013 book, Taxing Resource Rent.

To get an idea of the ease of use of MyProject and its results see sequence of use of MyProject with the hypothetical mining/petroleum industry project included with MyProject.

Replication of tables in Taxing Resource Rent

Download

You may download My Project for AUD$25. Click on the image below for the MyProject DOWNLOAD sequence.

Questions/comments

If you wish to ask questions, make suggestions for further development of the package or discuss possibile uses of MyProject (and/or the Kyscope) .

© Copyright Wayne Mayo 2021