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. " 96,000 " " (115,200)" " (19,200)" 3. " 114,000 " " (114,000)" - 2. " 85,000 " " (102,720)" " (17,720)" 2. " 410,000 " " (205,000)" " 205,000 " 4. " 40,000 " " (40,000)" - 4. " 1,050,000 " " (1,050,000)" - 3. - - - 5. " 96,000 " " (106,800)" " (10,800)" 4. - - - Tax base " 3,666,200 " Tax base " 9,087,280 " 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 " 3,666,200 " Tax base adjusted " 9,051,030 " - Tax base adjusted " 3,585,000 " rounding " 3,666,000 " rounding " 9,051,000 " rounding " 3,585,000 " Tax liability " 696,540 " Tax liability " 1,719,690 " Tax liability " 681,150 " DEPRECIATION workings: DEPRECIATION workings: DEPRECIATION workings: depreciation method linear depreciation method accelerated depreciation method accelerated depreciation group 2 => coefficient 11% 22.25% depreciation group 2 => parameter 5 6 depreciation group 2 => parameter 5 6 depreciation period 5 year depreciation period 5 year depreciation period 5 year input price " 480,000 " input price " 321,000 " input price " 480,000 " acquisition date 1/1/2015 acquisition date 3/1/2016 acquisition date 1/1/2015 actual year 3d year actual year 2d year actual year 3d year Deprciation tax charge = " 52,800 " and " 106,800 " Deprciation tax charge = " 64,200 " and " 102,720 " Deprciation tax charge = " 96,000 " and " 153,600 " Year Depreciation charge Year Depreciation charge Residual value Year Depreciation charge Residual value 1 " 52,800 " 1 " 64,200 " " 256,800 " 1 " 96,000 " " 384,000 " 2 " 106,800 " 2 " 102,720 " " 154,080 " 2 " 153,600 " " 230,400 " 3 " 106,800 " 3 " 77,040 " " 77,040 " 3 " 115,200 " " 115,200 " 4 " 106,800 " 4 " 51,360 " " 25,680 " 4 " 76,800 " " 38,400 " 5 " 106,800 " 5 " 25,680 " - 5 " 38,400 " - Total " 480,000 " Total " 321,000 " Total " 480,000 " check - check - check - Adjustment to AP Adjustment to AP Adjustment to AP Add back Less Net impact Add back Less Net impact Add back Less Net impact 5. " 96,000 " " (106,800)" " (10,800)" 2. " 85,000 " " (102,720)" " (17,720)" 1. " 96,000 " " (115,200)" " (19,200)" ##### Sheet/List 2 ##### Ex.4 Ex.5 Ex.6 DEPRECIATION workings: DEPRECIATION workings: DEPRECIATION workings: For car (transaction 1.) For building (transaction 2.) For car (transaction 1.1 & 1.2) For building (transaction 2) For solar panels (transaction 1.) For building (transaction 2.) depreciation method linear depreciation method accelerated depreciation method accelarated depreciation method linear depreciation method monthly (for inTA) depreciation method linear depreciation group 2 => coefficient 11% 22.25% depreciation group 4 => parameter 20 21 20 depreciation group 2 => parameter 5 6 depreciation group 4 => coefficient 2% 5% 5% depreciation period 36 months depreciation group 4 => coefficient 2% 5% 5% depreciation period 5 year depreciation period 20 year depreciation period 5 year depreciation period 20 year input price " 466,600 " depreciation period 20 year input price " 321,000 " input price " 17,000,000 " input price " 321,000 " input price " 4,280,000 " acquisition date 1/1/2016 input price " 5,320,000 " acquisition date 3/1/2016 acquisition date 5/1/2013 acquisition date 3/1/2015 acquisition date 5/1/2011 acquisition date 10/1/2014 sale price " 12,450,000 " 2017 sale price " 285,000 " in 8/1/2017 technical appreciation - in 5/1/2013 actual year 2d year technical appreciation - in May and Septemebr 2015 actual year 2d year technical appreciation " 357,000 " in 8/1/2016 (i.e. 4th year) " 551,000 " in 8/1/2015 (i.e. in 5th year) " 1,375,000 " in April and August 2016 (i.e. in 3d year) Deprciation tax charge = " 12,961.11 " Deprciation tax charge = " 35,310 " and " 71,423 " actual year 5th year actual year 3d year actual year 7th year actual year 4th year Year Depreciation charge Residual value Year Depreciation charge Deprciation tax charge = " 850,000 " and " 1,615,000 " Deprciation tax charge = " 64,200 " and " 102,720 " Deprciation tax charge = " 92,020.00 " and " 215,680.97 " 1 " 116,650 " " 349,950 " Deprciation tax charge = " 114,380.00 " and " 273,980.00 " 1 " 35,310 " 2 " 155,533 " " 194,417 " 2 " 71,423 " Year Depreciation charge Residual value Year Depreciation charge Residual value Year Depreciation charge Residual value 3 " 155,533 " " 38,883 " Year Depreciation charge Residual value 3 " 71,423 " " 142,845 " 1 " 850,000 " " 16,150,000 " 1 " 64,200 " " 256,800 " 1 " 92,020 " " 4,187,980 " 4 " 38,883 " - 1 " 114,380 " " 5,205,620 " 4 " 71,423 " 2 " 1,615,000 " " 14,535,000 " 2 " 102,720 " " 154,080 " 2 " 220,420 " " 3,967,560 " Total " 466,600 " 2 " 273,980 " " 4,931,640 " 5 " 71,423 " 3 " 1,530,000 " " 13,005,000 " 3 " 77,040 " " 77,040 " 3 " 220,420 " " 3,747,140 " check - 3 " 334,750 " " 4,596,890 " Total " 321,000 " 4 " 1,336,200 " " 11,668,800 " 4 " 51,360 " " 25,680 " 4 " 220,420 " " 3,526,720 " 4 " 334,750 " " 4,262,140 " check - 5 " 1,228,295 " " 10,440,505 " 5 " 25,680 " - 5 " 241,550 " " 3,285,170 " 5 " 334,750 " " 3,927,390 " 6 " 1,160,056.14 " " 9,280,449 " Total " 321,000 " 6 " 241,550 " " 3,043,620 " Adjustment to AP 6 " 334,750 " " 3,592,640 " 7 " 1,091,817.54 " " 8,188,632 " check - 7 " 241,550 " " 2,802,070 " Add back Less Net impact 7 " 334,750 " " 3,257,890 " Adjustment to AP 8 " 1,023,578.95 " " 7,165,053 " 8 " 241,550 " " 2,560,520 " 1. " 65,000 " " (155,533)" " (90,533)" 8 " 334,750 " " 2,923,140 " Add back Less Net impact 9 " 955,340.35 " " 6,209,712 " 9 " 241,550 " " 2,318,970 " 2. " 210,000 " " (334,750)" " (124,750)" 9 " 334,750 " " 2,588,390 " 1. " 85,000 " " (71,423)" " 13,578 " 10 " 887,101.75 " " 5,322,611 " 10 " 241,550 " " 2,077,420 " " (215,283)" 10 " 334,750 " " 2,253,640 " 2.1. " 270,000 " " (614,147)" " (344,147)" 11 " 818,863.16 " " 4,503,747 " Adjustment to AP 11 " 241,550 " " 1,835,870 " 11 " 334,750 " " 1,918,890 " 2.2. " 12,450,000 " " (10,440,505)" " 2,009,495 " 12 " 750,624.56 " " 3,753,123 " Add back Less Net impact 12 " 241,550 " " 1,594,320 " 12 " 334,750 " " 1,584,140 " " 1,678,925 " 13 " 682,385.96 " " 3,070,737 " 1.1. " 30,000 " " (38,520)" " (8,520)" 13 " 241,550 " " 1,352,770 " 13 " 334,750 " " 1,249,390 " 14 " 614,147.37 " " 2,456,589 " 1.2. " 285,000 " " (77,040)" " 207,960 " 14 " 241,550 " " 1,111,220 " 14 " 334,750 " " 914,640 " 15 " 545,908.77 " " 1,910,681 " 2. " 775,000 " " (241,550)" " 533,450 " 15 " 241,550 " " 869,670 " 15 " 334,750 " " 579,890 " 16 " 477,670.18 " " 1,433,011 " " 732,890 " 16 " 241,550 " " 628,120 " 16 " 334,750 " " 245,140 " 17 " 409,431.58 " " 1,023,579 " 17 " 241,550 " " 386,570 " 17 " 334,750 " " (89,610)" 18 " 341,192.98 " " 682,386 " 18 " 241,550 " " 145,020 " 18 " 334,750 " " (424,360)" 19 " 272,954.39 " " 409,432 " 19 " 241,550 " " (96,530)" 19 " 334,750 " " (759,110)" 20 " 204,715.79 " " 204,716 " 20 " 241,550 " " (338,080)" 20 " 334,750 " " (1,093,860)" 21 " 136,477.19 " " 68,239 " Total " 4,376,530 " Total 22 " 68,238.60 " - check " 647,530 " check Total " 17,000,000 " check -