Ex. 1													Ex. 2														Ex. 3																			
																																															
	AP	" 3,125,000 "												AP	" 9,230,000 "													AP	" 3,125,000 "					Workings No.1													
																																			as per	overdue											
Categorization:		Impact 											Categorization:		Impact 												Categorization:		Impact 					11/15/2016	12/31/2017	411	days	=>	14	months	<18 months	=>	100%	of unpaid amount		=>	" 25,000 "
1.	tax base deduction	0	 <= 	10250	<60000	&	laptops are used (i.e. Exor is not first owner)	&	0.36%	<	30%		1.	accounting/tax income	" 125,000 "	 <= 	depreciation group is 3 or 4		& creation of reserve was during 3 years				>	1 year			1.	accounting/tax cost	see separately					4/2/2016	12/31/2017	638	days	=>	21	months	>18 months	=>	50%	of unpaid amount		=>	" 105,000 "
2.	accounting/tax cost	" 552,000 "											2.	accounting/tax cost	see separately												2.	accounting/tax cost	" 410,000 "	 <= 	see workings No.1			9/10/2015	12/31/2017	843	days	=>	28	months	>18 months	=>	50%	of unpaid amount		=>	" 75,000 "
3.	accounting/tax cost	" 114,000 "											3.	tax base deduction	" 36,250 "	 <= 	" 72,500 "	>	" 60,000 "	&	laptops are used (i.e. Exor is not first owner)	&	31.87%	>	30%		3.	accounting/tax income	 -   	 <= 	 was already taxed by WHT at the source 																
4.	accounting/tax cost	" 40,000 "	 <= 	depreciation group is 4		& creation of reserve is planned during 3 years				>	1 year		4.	accounting/tax cost	" 1,050,000 "												4.	accounting/tax income	 -   	 <= 	 was already taxed by WHT at the source 																
5.	accounting/tax cost	see separately																									5.	accounting/tax cost	" 255,000 "																		
																																															
Adjustments to AP:													Adjustments to AP:														Adjustments to AP:																				
	Add back	Less	 Net impact 											Add back	Less	 Net impact 												Add back	Less	 Net impact 																	
2.	" 552,000 "		" 552,000 "	as accounting costs which is non-deductable tax cost									1.		" (125,000)"	" (125,000)"	as accounting income which is non-taxable income										1.																				
3.	" 114,000 "	" (114,000)"	 -   										2.			 -   											2.	" 410,000 "	" (205,000)"	" 205,000 "																	
4.	" 40,000 "	" (40,000)"	 -   										4.	" 1,050,000 "	" (1,050,000)"	 -   											3.	 - 	 - 	 - 																	
5.																											4.	 - 	 - 	 - 																	
Tax base			" 3,677,000 "										Tax base			" 9,105,000 "											5.	" 255,000 "		" 255,000 "																	
																											Tax base			" 3,585,000 "																	
Tax base deductions													Tax base deductions																																		
1.			 -   										1.			" (36,250)"											Tax base deductions																				
Tax base adjusted			" 3,677,000 "										Tax base adjusted			" 9,068,750 "														 -   																	
																											Tax base adjusted			" 3,585,000 "																	
rounding			" 3,677,000 "										rounding			" 9,068,000 "																															
																											rounding			" 3,585,000 "																	
Tax liability			" 698,630 "										Tax liability			" 1,722,920 "																															
																											Tax liability			" 681,150 "