- Per tonne:
- Labour β¦112 (Sf 2.34)
- Materials β¦486
- Capital β¦218
- Energy β¦20
- Surplus β¦330
Whole chain per tonne: 3.6 labour hours, 977 kWh.
Formula
A.C. = w0LhSf Labour β¦112 Shadow wage w0 β¦16 an hour Γ Lh 3 hours per tonne Γ skill factor Sf 2.34 Sf for industry: training β¦45,000 against β¦45,000, queue 20 hours against 48 + Ξ£ qiPirΞ»i Materials β¦486 Steel: 1.05 t Γ $332/t Γ r 1.5 Γ border 0.93 Γ Ξ» 1.00 = β¦486 + (D + Mo)Ξ±e Capital β¦218 Depreciation and maintenance β¦150 per tonne Γ financing 1.45 Γ waste factor Ξ±e 1.00 Financing is interest at 6% on equipment's average value over a 15-year life. Ξ±e is 1.00 when maintenance hours and defects are on target. + Epe Energy β¦20 E 400 kWh per tonne Γ pe β¦0.05 per kWh = β¦836
A.V. = rP*world Accounted value β¦1,166 per tonne World price $750 per tonne plus freight and insurance 3.67% = P* $778 Γ r 1.5 crowns per US dollar Import parity: the price at the Commonwealth border for a good it could otherwise import. Observed abroad, not calculated: a wasteful producer raises only its own cost. = β¦1,166
Revenue = A.V. Γ Q Accounted revenue β¦262 m p.a. Domestic: 224,800 t Γ β¦1,166 = β¦262 m = β¦262 m
Surplus = (A.V. β A.C.) Γ Q β levies Accounted surplus β¦74.2 m p.a. Revenue β¦262 m β cost β¦836 Γ 224,800 t = β¦74.3 m Distributed 40% to reinvestment, 20% to the municipal aggregate and 40% swept to the Treasury. = β¦74.2 m