average dscr calculation 1 01c
TRANSCRIPT
Co Name : Project Name
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Average DSCR calculationMethod 1 vs Method 2
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document.xls 2 NavigatorPF
Inputs
GeneralTiming
Monthly QuarterlyConstruction Operations
Start date 01-Jan-09 01-Jan-10Duration 12 Mth(s) 10.00 Yr(s)End date 31-Dec-09 31-Dec-19
Calculation1-Jan-09 1-Feb-09 1-Mar-09 1-Apr-09 1-May-09 1-Jun-09 1-Jul-09 1-Aug-09 1-Sep-09 1-Oct-09 1-Nov-09
31-Dec-08 31-Jan-09 28-Feb-09 31-Mar-09 30-Apr-09 31-May-09 30-Jun-09 31-Jul-09 31-Aug-09 30-Sep-09 31-Oct-09 30-Nov-09
Construction 1 1 1 1 1 1 1 1 1 1 1 Operations - - - - - - - - - - -
CounterYear Year 2009 2009 2009 2009 2009 2009 2009 2009 2009 2009 2009Days in Period #Num 31 28 31 30 31 30 31 31 30 31 30
InputsCFADS $ '000 222,532
Principal Repayment $ '000 (39,972) - - - - - - - - - - -
Senior FacilityAccountBalance B/f $ '000 - - - - - - - - - - - Refinance @ Completion $ '000 39,972 39,972 - - - - - - - - - - - Principal Repayments $ '000 (39,972) - - - - - - - - - - - Balance C/f $ '000 - - - - - - - - - - -
InterestBase Rate % p.a. - - - - - - - - - - - Margin % p.a. 2.00% - - - - - - - - - - - All in Rate % p.a. - - - - - - - - - - - All in Rate % p.p. - - - - - - - - - - -
Interest : Senior Facility $ '000 5,938 - - - - - - - - - - -
Debt RatiosDSCRLoan Life [1,0] - - - - - - - - - - - CFADS $ '000 222,532 - - - - - - - - - - - CFADS: Loan Life $ '000 86,607 - - - - - - - - - - -
Interest $ '000 5,938 - - - - - - - - - - - Principal $ '000 39,972 - - - - - - - - - - - Total $ '000 45,911 - - - - - - - - - - -
DSCR x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 xAverage: Method 1 x 2.03 xAverage: Method 2 x 1.89 xMinimum x 1.54 xMinimum Period Date ### 1 - - - - - - - - - - -
Calculation1-Jan-09 1-Feb-09 1-Mar-09 1-Apr-09 1-May-09 1-Jun-09 1-Jul-09 1-Aug-09 1-Sep-09 1-Oct-09 1-Nov-09
31-Dec-08 31-Jan-09 28-Feb-09 31-Mar-09 30-Apr-09 31-May-09 30-Jun-09 31-Jul-09 31-Aug-09 30-Sep-09 31-Oct-09 30-Nov-09
LLCRLoan Life [1,0] - - - - - - - - - - - Cost of Debt % - - - - - - - - - - - r Num 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000
CFADS $ '000 222,532 - - - - - - - - - - - CFADS: Loan Life $ '000 86,607 - - - - - - - - - - - CFADS: NPV $ '000 - - - - - - - - - - -
Debt: Balance B/f $ '000 - - - - - - - - - - - LLCR x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 xMinimum x 1.86 x@ COD x 1.86 x
PLCRProject Life [1,0] - - - - - - - - - - - Debt Term [1,0] - - - - - - - - - - - Cost of Debt % - - - - - - - - - - - r Num 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000
CFADS $ '000 222,532 - - - - - - - - - - - CFADS: Project Life $ '000 222,532 - - - - - - - - - - - CFADS: NPV $ '000 - - - - - - - - - - -
Debt: Balance B/f $ '000 - - - - - - - - - - - PLCR x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 xMinimum x 3.95 x@ COD x 3.95 x
ChartDSCR x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 xMin DSCR x 1.54 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 xMax DSCR x 5.32 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x
Dec
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Mar
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0.100 x
0.600 x
1.100 x
1.600 x
2.100 x
2.600 x
3.100 x
3.600 x
4.100 x
4.600 x
5.100 x
5.600 x
1.54 x
5.32 x
DSCR Min DSCR Max DSCR
Calculation1-Jan-09 1-Feb-09 1-Mar-09 1-Apr-09 1-May-09 1-Jun-09 1-Jul-09 1-Aug-09 1-Sep-09 1-Oct-09 1-Nov-09
31-Dec-08 31-Jan-09 28-Feb-09 31-Mar-09 30-Apr-09 31-May-09 30-Jun-09 31-Jul-09 31-Aug-09 30-Sep-09 31-Oct-09 30-Nov-09
Dec
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0.100 x
0.600 x
1.100 x
1.600 x
2.100 x
2.600 x
3.100 x
3.600 x
4.100 x
4.600 x
5.100 x
5.600 x
1.54 x
5.32 x
DSCR Min DSCR Max DSCR
Dec
09
Mar
10
Jun
10
Sep
10
Dec
10
Mar
11
Jun
11
Sep
11
Dec
11
Mar
12
Jun
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1,000
2,000
3,000
4,000
5,000
6,000 CFADS Principal Interest
Calculation
31-Dec-08
ConstructionOperations
CounterYear YearDays in Period #Num
InputsCFADS $ '000 222,532
Principal Repayment $ '000 (39,972)
Senior FacilityAccountBalance B/f $ '000Refinance @ Completion $ '000 39,972 39,972 Principal Repayments $ '000 (39,972)Balance C/f $ '000
InterestBase Rate % p.a.Margin % p.a. 2.00% All in Rate % p.a.All in Rate % p.p.
Interest : Senior Facility $ '000 5,938
Debt RatiosDSCRLoan Life [1,0]CFADS $ '000 222,532 CFADS: Loan Life $ '000 86,607
Interest $ '000 5,938 Principal $ '000 39,972 Total $ '000 45,911
DSCR xAverage: Method 1 x 2.03 xAverage: Method 2 x 1.89 xMinimum x 1.54 xMinimum Period Date ### 1
1-Dec-09 1-Jan-10 1-Apr-10 1-Jul-10 1-Oct-10 1-Jan-11 1-Apr-11 1-Jul-11 1-Oct-11 1-Jan-12 1-Apr-1231-Dec-09 31-Mar-10 30-Jun-10 30-Sep-10 31-Dec-10 31-Mar-11 30-Jun-11 30-Sep-11 31-Dec-11 31-Mar-12 30-Jun-12
1 - - - - - - - - - - - 1 1 1 1 1 1 1 1 1 1
2009 2010 2010 2010 2010 2011 2011 2011 2011 2012 201231 90 91 92 92 90 91 92 92 91 91
4,799 4,834 4,870 4,907 4,943 4,979 5,016 5,054 5,091 5,129
- (2,436) (2,436) (2,436) (2,436) (2,436) (2,436) (2,436) (2,436) (2,436) (2,436)
- 39,972 37,537 35,101 32,665 30,229 27,793 25,358 22,922 20,486 18,050 39,972 - - - - - - - - - - - (2,436) (2,436) (2,436) (2,436) (2,436) (2,436) (2,436) (2,436) (2,436) (2,436) 39,972 37,537 35,101 32,665 30,229 27,793 25,358 22,922 20,486 18,050 15,614
- 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% - 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% - 7.00% 7.00% 7.00% 7.00% 7.00% 7.00% 7.00% 7.00% 7.00% 7.00% - 1.68% 1.70% 1.72% 1.72% 1.68% 1.70% 1.72% 1.72% 1.70% 1.70%
- 672 639 604 562 509 473 436 394 348 307
- 1 1 1 1 1 1 1 1 1 1 - 4,799 4,834 4,870 4,907 4,943 4,979 5,016 5,054 5,091 5,129 - 4,799 4,834 4,870 4,907 4,943 4,979 5,016 5,054 5,091 5,129
- 672 639 604 562 509 473 436 394 348 307 - 2,436 2,436 2,436 2,436 2,436 2,436 2,436 2,436 2,436 2,436 - 3,108 3,074 3,040 2,998 2,944 2,909 2,872 2,830 2,784 2,743
0.00 x 1.54 x 1.57 x 1.60 x 1.64 x 1.68 x 1.71 x 1.75 x 1.79 x 1.83 x 1.87 x
- 1 - - - - - - - - -
Calculation
31-Dec-08
LLCRLoan Life [1,0]Cost of Debt %r Num
CFADS $ '000 222,532 CFADS: Loan Life $ '000 86,607 CFADS: NPV $ '000
Debt: Balance B/f $ '000LLCR xMinimum x 1.86 x@ COD x 1.86 x
PLCRProject Life [1,0]Debt Term [1,0]Cost of Debt %r Num
CFADS $ '000 222,532 CFADS: Project Life $ '000 222,532 CFADS: NPV $ '000
Debt: Balance B/f $ '000PLCR xMinimum x 3.95 x@ COD x 3.95 x
ChartDSCR xMin DSCR x 1.54 xMax DSCR x 5.32 x
1-Dec-09 1-Jan-10 1-Apr-10 1-Jul-10 1-Oct-10 1-Jan-11 1-Apr-11 1-Jul-11 1-Oct-11 1-Jan-12 1-Apr-1231-Dec-09 31-Mar-10 30-Jun-10 30-Sep-10 31-Dec-10 31-Mar-11 30-Jun-11 30-Sep-11 31-Dec-11 31-Mar-12 30-Jun-12
- 1 1 1 1 1 1 1 1 1 1 - 1.68% 1.70% 1.72% 1.72% 1.68% 1.70% 1.72% 1.72% 1.70% 1.70% 1.0000 1.0168 1.0170 1.0172 1.0172 1.0168 1.0170 1.0172 1.0172 1.0170 1.0170
- 4,799 4,834 4,870 4,907 4,943 4,979 5,016 5,054 5,091 5,129 - 4,799 4,834 4,870 4,907 4,943 4,979 5,016 5,054 5,091 5,129 - 74,415 70,868 67,239 63,526 59,712 55,774 51,743 47,617 43,382 39,029
- 39,972 37,537 35,101 32,665 30,229 27,793 25,358 22,922 20,486 18,050 0.00 x 1.86 x 1.89 x 1.92 x 1.94 x 1.98 x 2.01 x 2.04 x 2.08 x 2.12 x 2.16 x
- 1 1 1 1 1 1 1 1 1 1 - 1 1 1 1 1 1 1 1 1 1 - 1.68% 1.70% 1.72% 1.72% 1.68% 1.70% 1.72% 1.72% 1.70% 1.70% 1.0000 1.0168 1.0170 1.0172 1.0172 1.0168 1.0170 1.0172 1.0172 1.0170 1.0170
- 4,799 4,834 4,870 4,907 4,943 4,979 5,016 5,054 5,091 5,129 - 4,799 4,834 4,870 4,907 4,943 4,979 5,016 5,054 5,091 5,129 - 157,695 155,550 153,362 151,129 148,822 146,383 143,894 141,353 138,730 135,999
- 39,972 37,537 35,101 32,665 30,229 27,793 25,358 22,922 20,486 18,050 0.00 x 3.95 x 4.14 x 4.37 x 4.63 x 4.92 x 5.27 x 5.67 x 6.17 x 6.77 x 7.53 x
0.00 x 1.54 x 1.57 x 1.60 x 1.64 x 1.68 x 1.71 x 1.75 x 1.79 x 1.83 x 1.87 x0.00 x 1.54 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x
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0.100 x
0.600 x
1.100 x
1.600 x
2.100 x
2.600 x
3.100 x
3.600 x
4.100 x
4.600 x
5.100 x
5.600 x
1.54 x
5.32 x
DSCR Min DSCR Max DSCR
Calculation
31-Dec-081-Dec-09 1-Jan-10 1-Apr-10 1-Jul-10 1-Oct-10 1-Jan-11 1-Apr-11 1-Jul-11 1-Oct-11 1-Jan-12 1-Apr-12
31-Dec-09 31-Mar-10 30-Jun-10 30-Sep-10 31-Dec-10 31-Mar-11 30-Jun-11 30-Sep-11 31-Dec-11 31-Mar-12 30-Jun-12
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0.100 x
0.600 x
1.100 x
1.600 x
2.100 x
2.600 x
3.100 x
3.600 x
4.100 x
4.600 x
5.100 x
5.600 x
1.54 x
5.32 x
DSCR Min DSCR Max DSCR
Dec
09
Mar
10
Jun
10
Sep
10
Dec
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Mar
11
Jun
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Sep
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1,000
2,000
3,000
4,000
5,000
6,000 CFADS Principal Interest
Calculation
31-Dec-08
ConstructionOperations
CounterYear YearDays in Period #Num
InputsCFADS $ '000 222,532
Principal Repayment $ '000 (39,972)
Senior FacilityAccountBalance B/f $ '000Refinance @ Completion $ '000 39,972 39,972 Principal Repayments $ '000 (39,972)Balance C/f $ '000
InterestBase Rate % p.a.Margin % p.a. 2.00% All in Rate % p.a.All in Rate % p.p.
Interest : Senior Facility $ '000 5,938
Debt RatiosDSCRLoan Life [1,0]CFADS $ '000 222,532 CFADS: Loan Life $ '000 86,607
Interest $ '000 5,938 Principal $ '000 39,972 Total $ '000 45,911
DSCR xAverage: Method 1 x 2.03 xAverage: Method 2 x 1.89 xMinimum x 1.54 xMinimum Period Date ### 1
1-Jul-12 1-Oct-12 1-Jan-13 1-Apr-13 1-Jul-13 1-Oct-13 1-Jan-14 1-Apr-14 1-Jul-14 1-Oct-14 1-Jan-1530-Sep-12 31-Dec-12 31-Mar-13 30-Jun-13 30-Sep-13 31-Dec-13 31-Mar-14 30-Jun-14 30-Sep-14 31-Dec-14 31-Mar-15
- - - - - - - - - - - 1 1 1 1 1 1 1 1 1 1 1
2012 2012 2013 2013 2013 2013 2014 2014 2014 2014 201592 92 90 91 92 92 90 91 92 92 90
5,167 5,206 5,244 5,283 5,322 5,362 5,401 5,441 5,482 5,523 5,563
(2,436) (2,436) (2,436) (2,436) (2,436) (2,436) (999) - - - -
15,614 13,178 10,743 8,307 5,871 3,435 999 - - - - - - - - - - - - - - - (2,436) (2,436) (2,436) (2,436) (2,436) (2,436) (999) - - - - 13,178 10,743 8,307 5,871 3,435 999 - - - - -
5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 7.00% 7.00% 7.00% 7.00% 7.00% 7.00% 7.00% 7.00% 7.00% 7.00% 7.00% 1.72% 1.72% 1.68% 1.70% 1.72% 1.72% 1.68% 1.70% 1.72% 1.72% 1.68%
269 227 181 141 101 59 17 - - - -
1 1 1 1 1 1 1 - - - - 5,167 5,206 5,244 5,283 5,322 5,362 5,401 5,441 5,482 5,523 5,563 5,167 5,206 5,244 5,283 5,322 5,362 5,401 - - - -
269 227 181 141 101 59 17 - - - - 2,436 2,436 2,436 2,436 2,436 2,436 999 - - - - 2,704 2,662 2,617 2,577 2,537 2,495 1,016 - - - -
1.91 x 1.96 x 2.00 x 2.05 x 2.10 x 2.15 x 5.32 x 0.00 x 0.00 x 0.00 x 0.00 x
- - - - - - - - - - -
Calculation
31-Dec-08
LLCRLoan Life [1,0]Cost of Debt %r Num
CFADS $ '000 222,532 CFADS: Loan Life $ '000 86,607 CFADS: NPV $ '000
Debt: Balance B/f $ '000LLCR xMinimum x 1.86 x@ COD x 1.86 x
PLCRProject Life [1,0]Debt Term [1,0]Cost of Debt %r Num
CFADS $ '000 222,532 CFADS: Project Life $ '000 222,532 CFADS: NPV $ '000
Debt: Balance B/f $ '000PLCR xMinimum x 3.95 x@ COD x 3.95 x
ChartDSCR xMin DSCR x 1.54 xMax DSCR x 5.32 x
1-Jul-12 1-Oct-12 1-Jan-13 1-Apr-13 1-Jul-13 1-Oct-13 1-Jan-14 1-Apr-14 1-Jul-14 1-Oct-14 1-Jan-1530-Sep-12 31-Dec-12 31-Mar-13 30-Jun-13 30-Sep-13 31-Dec-13 31-Mar-14 30-Jun-14 30-Sep-14 31-Dec-14 31-Mar-15
1 1 1 1 1 1 1 - - - - 1.72% 1.72% 1.68% 1.70% 1.72% 1.72% 1.68% 1.70% 1.72% 1.72% 1.68% 1.0172 1.0172 1.0168 1.0170 1.0172 1.0172 1.0168 1.0170 1.0172 1.0172 1.0168
5,167 5,206 5,244 5,283 5,322 5,362 5,401 5,441 5,482 5,523 5,563 5,167 5,206 5,244 5,283 5,322 5,362 5,401 - - - - 34,564 29,991 25,301 20,483 15,548 10,494 5,312 - - - -
15,614 13,178 10,743 8,307 5,871 3,435 999 - - - - 2.21 x 2.28 x 2.36 x 2.47 x 2.65 x 3.05 x 5.32 x 0.00 x 0.00 x 0.00 x 0.00 x
1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 - - - -
1.72% 1.72% 1.68% 1.70% 1.72% 1.72% 1.68% 1.70% 1.72% 1.72% 1.68% 1.0172 1.0172 1.0168 1.0170 1.0172 1.0172 1.0168 1.0170 1.0172 1.0172 1.0168
5,167 5,206 5,244 5,283 5,322 5,362 5,401 5,441 5,482 5,523 5,563 5,167 5,206 5,244 5,283 5,322 5,362 5,401 5,441 5,482 5,523 5,563 133,183 130,307 127,342 124,241 121,071 117,831 114,496 111,021 107,468 103,835 100,098
15,614 13,178 10,743 8,307 5,871 3,435 999 - - - - 8.53 x 9.89 x 11.85 x 14.96 x 20.62 x 34.30 x 114.57 x 0.00 x 0.00 x 0.00 x 0.00 x
1.91 x 1.96 x 2.00 x 2.05 x 2.10 x 2.15 x 5.32 x 0.00 x 0.00 x 0.00 x 0.00 x0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 5.32 x 0.00 x 0.00 x 0.00 x 0.00 x
Calculation
31-Dec-08
ConstructionOperations
CounterYear YearDays in Period #Num
InputsCFADS $ '000 222,532
Principal Repayment $ '000 (39,972)
Senior FacilityAccountBalance B/f $ '000Refinance @ Completion $ '000 39,972 39,972 Principal Repayments $ '000 (39,972)Balance C/f $ '000
InterestBase Rate % p.a.Margin % p.a. 2.00% All in Rate % p.a.All in Rate % p.p.
Interest : Senior Facility $ '000 5,938
Debt RatiosDSCRLoan Life [1,0]CFADS $ '000 222,532 CFADS: Loan Life $ '000 86,607
Interest $ '000 5,938 Principal $ '000 39,972 Total $ '000 45,911
DSCR xAverage: Method 1 x 2.03 xAverage: Method 2 x 1.89 xMinimum x 1.54 xMinimum Period Date ### 1
1-Apr-15 1-Jul-15 1-Oct-15 1-Jan-16 1-Apr-16 1-Jul-16 1-Oct-16 1-Jan-17 1-Apr-17 1-Jul-17 1-Oct-1730-Jun-15 30-Sep-15 31-Dec-15 31-Mar-16 30-Jun-16 30-Sep-16 31-Dec-16 31-Mar-17 30-Jun-17 30-Sep-17 31-Dec-17
- - - - - - - - - - - 1 1 1 1 1 1 1 1 1 1 1
2015 2015 2015 2016 2016 2016 2016 2017 2017 2017 201791 92 92 91 91 92 92 90 91 92 92
5,604 5,646 5,689 5,731 5,773 5,816 5,860 5,903 5,946 5,991 6,036
- - - - - - - - - - -
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 7.00% 7.00% 7.00% 7.00% 7.00% 7.00% 7.00% 7.00% 7.00% 7.00% 7.00% 1.70% 1.72% 1.72% 1.70% 1.70% 1.72% 1.72% 1.68% 1.70% 1.72% 1.72%
- - - - - - - - - - -
- - - - - - - - - - - 5,604 5,646 5,689 5,731 5,773 5,816 5,860 5,903 5,946 5,991 6,036 - - - - - - - - - - -
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x
- - - - - - - - - - -
Calculation
31-Dec-08
LLCRLoan Life [1,0]Cost of Debt %r Num
CFADS $ '000 222,532 CFADS: Loan Life $ '000 86,607 CFADS: NPV $ '000
Debt: Balance B/f $ '000LLCR xMinimum x 1.86 x@ COD x 1.86 x
PLCRProject Life [1,0]Debt Term [1,0]Cost of Debt %r Num
CFADS $ '000 222,532 CFADS: Project Life $ '000 222,532 CFADS: NPV $ '000
Debt: Balance B/f $ '000PLCR xMinimum x 3.95 x@ COD x 3.95 x
ChartDSCR xMin DSCR x 1.54 xMax DSCR x 5.32 x
1-Apr-15 1-Jul-15 1-Oct-15 1-Jan-16 1-Apr-16 1-Jul-16 1-Oct-16 1-Jan-17 1-Apr-17 1-Jul-17 1-Oct-1730-Jun-15 30-Sep-15 31-Dec-15 31-Mar-16 30-Jun-16 30-Sep-16 31-Dec-16 31-Mar-17 30-Jun-17 30-Sep-17 31-Dec-17
- - - - - - - - - - - 1.70% 1.72% 1.72% 1.70% 1.70% 1.72% 1.72% 1.68% 1.70% 1.72% 1.72% 1.0170 1.0172 1.0172 1.0170 1.0170 1.0172 1.0172 1.0168 1.0170 1.0172 1.0172
5,604 5,646 5,689 5,731 5,773 5,816 5,860 5,903 5,946 5,991 6,036 - - - - - - - - - - - - - - - - - - - - - -
- - - - - - - - - - - 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x
1 1 1 1 1 1 1 1 1 1 1 - - - - - - - - - - - 1.70% 1.72% 1.72% 1.70% 1.70% 1.72% 1.72% 1.68% 1.70% 1.72% 1.72% 1.0170 1.0172 1.0172 1.0170 1.0170 1.0172 1.0172 1.0168 1.0170 1.0172 1.0172
5,604 5,646 5,689 5,731 5,773 5,816 5,860 5,903 5,946 5,991 6,036 5,604 5,646 5,689 5,731 5,773 5,816 5,860 5,903 5,946 5,991 6,036 96,218 92,251 88,191 84,019 79,718 75,301 70,780 66,137 61,347 56,445 51,425
- - - - - - - - - - - 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x
0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x
Calculation
31-Dec-08
ConstructionOperations
CounterYear YearDays in Period #Num
InputsCFADS $ '000 222,532
Principal Repayment $ '000 (39,972)
Senior FacilityAccountBalance B/f $ '000Refinance @ Completion $ '000 39,972 39,972 Principal Repayments $ '000 (39,972)Balance C/f $ '000
InterestBase Rate % p.a.Margin % p.a. 2.00% All in Rate % p.a.All in Rate % p.p.
Interest : Senior Facility $ '000 5,938
Debt RatiosDSCRLoan Life [1,0]CFADS $ '000 222,532 CFADS: Loan Life $ '000 86,607
Interest $ '000 5,938 Principal $ '000 39,972 Total $ '000 45,911
DSCR xAverage: Method 1 x 2.03 xAverage: Method 2 x 1.89 xMinimum x 1.54 xMinimum Period Date ### 1
1-Jan-18 1-Apr-18 1-Jul-18 1-Oct-18 1-Jan-19 1-Apr-19 1-Jul-19 1-Oct-19 1-Jan-20 1-Apr-20 1-Jul-2031-Mar-18 30-Jun-18 30-Sep-18 31-Dec-18 31-Mar-19 30-Jun-19 30-Sep-19 31-Dec-19 ### 30-Jun-20 30-Sep-20
- - - - - - - - - - - 1 1 1 1 1 1 1 1 - - -
2018 2018 2018 2018 2019 2019 2019 2019 2020 2020 202090 91 92 92 90 91 92 92 91 91 92
6,080 6,125 6,170 6,217 6,262 6,308 6,356 6,403 - - -
- - - - - - - - - - -
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% - - - 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% - - - 7.00% 7.00% 7.00% 7.00% 7.00% 7.00% 7.00% 7.00% - - - 1.68% 1.70% 1.72% 1.72% 1.68% 1.70% 1.72% 1.72% - - -
- - - - - - - - - - -
- - - - - - - - - - - 6,080 6,125 6,170 6,217 6,262 6,308 6,356 6,403 - - - - - - - - - - - - - -
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x
- - - - - - - - - - -
Calculation
31-Dec-08
LLCRLoan Life [1,0]Cost of Debt %r Num
CFADS $ '000 222,532 CFADS: Loan Life $ '000 86,607 CFADS: NPV $ '000
Debt: Balance B/f $ '000LLCR xMinimum x 1.86 x@ COD x 1.86 x
PLCRProject Life [1,0]Debt Term [1,0]Cost of Debt %r Num
CFADS $ '000 222,532 CFADS: Project Life $ '000 222,532 CFADS: NPV $ '000
Debt: Balance B/f $ '000PLCR xMinimum x 3.95 x@ COD x 3.95 x
ChartDSCR xMin DSCR x 1.54 xMax DSCR x 5.32 x
1-Jan-18 1-Apr-18 1-Jul-18 1-Oct-18 1-Jan-19 1-Apr-19 1-Jul-19 1-Oct-19 1-Jan-20 1-Apr-20 1-Jul-2031-Mar-18 30-Jun-18 30-Sep-18 31-Dec-18 31-Mar-19 30-Jun-19 30-Sep-19 31-Dec-19 ### 30-Jun-20 30-Sep-20
- - - - - - - - - - - 1.68% 1.70% 1.72% 1.72% 1.68% 1.70% 1.72% 1.72% - - - 1.0168 1.0170 1.0172 1.0172 1.0168 1.0170 1.0172 1.0172 1.0000 1.0000 1.0000
6,080 6,125 6,170 6,217 6,262 6,308 6,356 6,403 - - - - - - - - - - - - - - - - - - - - - - - - -
- - - - - - - - - - - 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x
1 1 1 1 1 1 1 1 - - - - - - - - - - - - - - 1.68% 1.70% 1.72% 1.72% 1.68% 1.70% 1.72% 1.72% - - - 1.0168 1.0170 1.0172 1.0172 1.0168 1.0170 1.0172 1.0172 1.0000 1.0000 1.0000
6,080 6,125 6,170 6,217 6,262 6,308 6,356 6,403 - - - 6,080 6,125 6,170 6,217 6,262 6,308 6,356 6,403 - - - 46,274 40,973 35,545 29,986 24,285 18,431 12,437 6,295 - - -
- - - - - - - - - - - 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x
0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x 0.00 x
Calculation
31-Dec-08
ConstructionOperations
CounterYear YearDays in Period #Num
InputsCFADS $ '000 222,532
Principal Repayment $ '000 (39,972)
Senior FacilityAccountBalance B/f $ '000Refinance @ Completion $ '000 39,972 39,972 Principal Repayments $ '000 (39,972)Balance C/f $ '000
InterestBase Rate % p.a.Margin % p.a. 2.00% All in Rate % p.a.All in Rate % p.p.
Interest : Senior Facility $ '000 5,938
Debt RatiosDSCRLoan Life [1,0]CFADS $ '000 222,532 CFADS: Loan Life $ '000 86,607
Interest $ '000 5,938 Principal $ '000 39,972 Total $ '000 45,911
DSCR xAverage: Method 1 x 2.03 xAverage: Method 2 x 1.89 xMinimum x 1.54 xMinimum Period Date ### 1
1-Oct-2031-Dec-20
- -
202092
-
-
- - - -
- - - -
-
- - -
- - -
0.00 x
-
Calculation
31-Dec-08
LLCRLoan Life [1,0]Cost of Debt %r Num
CFADS $ '000 222,532 CFADS: Loan Life $ '000 86,607 CFADS: NPV $ '000
Debt: Balance B/f $ '000LLCR xMinimum x 1.86 x@ COD x 1.86 x
PLCRProject Life [1,0]Debt Term [1,0]Cost of Debt %r Num
CFADS $ '000 222,532 CFADS: Project Life $ '000 222,532 CFADS: NPV $ '000
Debt: Balance B/f $ '000PLCR xMinimum x 3.95 x@ COD x 3.95 x
ChartDSCR xMin DSCR x 1.54 xMax DSCR x 5.32 x
1-Oct-2031-Dec-20
- - 1.0000
- -
- 0.00 x
- - - 1.0000
- -
- 0.00 x
0.00 x0.00 x0.00 x