Financial Analysis of a Tropical Forestry Enterprise

Realized in the Deramakot Reserve, Malaysia, by application of the forest growth model FORMIX3Q

by Sören Schopferer (Author) Reinhold Glauner (Author)
Thesis 208 Pages


This study analyzes the financial viability of three forest management scenarios for the Deramakot Forest Reserve in Sabah, Malaysia: Reduced Impact Logging (RIL), Low Impact Logging (LIL) and Conventional Logging (CL). Three sustainable Annual Allowable Cuts (AAC) were calculated with the process-based model FORMIX3Q. The study reveals that harvesting is feasible even under the current degraded conditions and suggests an AAC of 10,000 m3/year for at least 40 years. The integration of a costing module allowed combining the surveyed cost and revenue-related data of the harvesting scenarios with key data, e.g. the AAC, as well as a detailed analysis with financial indicators, and a sensitivity analysis. The module also provides the total balance sheet and internal cost distribution.


ISBN (Softcover)
Frankfurt am Main, Berlin, Bern, Bruxelles, New York, Oxford, Wien, 2005. 207 pp., num. fig. and tab.

Biographical notes

Sören Schopferer (Author) Reinhold Glauner (Author)

The Authors: Sören Schopferer was born in 1975. He studied Wood Science, Technology and Economics at the University of Hamburg, passing the diploma examination in 2004. In 2000, the author participated in a project with the German Technical Cooperation (GTZ) in Simbabwe and worked as a consultant for a GTZ project and for the Section World Forestry (Hamburg) in Sabah (Malaysia). Since 2005 he works as a sales manager for an international home furnishing company in Toronto (Canada). Reinhold Glauner is Senior Scientist at the Institute for World Forestry and at the Federal Research Centre for Forestry and Forest Products in Hamburg.


Title: Financial Analysis of a Tropical Forestry Enterprise