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 AP " 12,500,000 " AR workings: AP " 11,125,000 " AP " 5,100,000 " issue date as per overdue Categorization: Impact 9/10/2015 4/30/2018 963 days => 32 months >18 months => 100% of unpaid amount => " 150,000 " Categorization: Impact Categorization: Impact 1. accounting/tax cost <= see Depreciation workings (transaction 1) 4/9/2015 4/30/2018 " 1,117 " days => 37 months >18 months => 100% of unpaid amount => " 340,000 " 1. accounting/tax cost <= see Depreciation workings (transaction 1) 1. accounting/tax cost <= see Depreciation workings (transaction 1) 2. accounting/tax cost <= see Depreciation workings (transaction 2) 11/10/2014 4/30/2018 " 1,267 " days => 42 months >18 months => 100% of unpaid amount => " 175,000 " 2. accounting/tax cost <= see Depreciation workings (transaction 2) 2. accounting/tax cost <= see Depreciation workings (transaction 2) 3. accounting/tax income - <= was already taxed by WHT at the source 3. accounting/tax income - <= was already taxed by WHT at the source 3. accounting/tax cost " 1,245 " 4. accounting/tax cost " 180,000 " 4. accounting/tax cost " 132,000 " <= representation accounting costs; nondeductable for tax purposes 4. accounting/tax cost " 52,000 " 5. accounting/tax cost " 695,000 " <= see AR workings 5. accounting/tax cost & tax base deduction " 25,645 " <= non-decutable cost but deductable item for tax base because fulfill certain conditions (>2000 czk; recipient is NPO) Adjustments to AP: Adjustments to AP: Adjustments to AP: Add back Less Net impact Add back Less Net impact 1. " 85,000 " " (71,423)" " 13,578 " 1.1. " 30,000 " " (38,520)" " (8,520)" as accounting costs which is non-deductable tax cost Add back Less Net impact 2.1. " 270,000 " " (614,147)" " (344,147)" 1.2. " 285,000 " " (77,040)" " 207,960 " 1. " 65,000 " " (155,533)" " (90,533)" 2.2. " 12,450,000 " " (10,440,505)" " 2,009,495 " 2. " 775,000 " " (241,550)" " 533,450 " 2. " 210,000 " " (334,750)" " (124,750)" 4. " 180,000 " " 180,000 " 4. " 132,000 " " 132,000 " 3. " 1,245 " " (1,245)" - 5. " 695,000 " " (665,000)" " 30,000 " Tax base " 11,989,890 " 4. " 52,000 " " (52,000)" - Tax base " 14,388,925 " 5. " 25,645 " Tax base deductions Tax base " 4,884,717 " Tax base deductions - Tax base adjusted " 11,989,890 " Tax base deductions Tax base adjusted " 14,388,925 " " (25,645)" rounding " 11,989,000 " Tax base adjusted " 4,859,072 " rounding " 14,388,000 " Tax liability " 2,277,910 " rounding " 4,859,000 " Tax liability " 2,733,720 " Tax liability " 923,210 " DEPRECIATION workings: DEPRECIATION workings: For car (transaction 1.) For building (transaction 2.) For car (transaction 1.1 & 1.2) For building (transaction 2) DEPRECIATION workings: depreciation method linear depreciation method accelerated depreciation method accelarated 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% For solar panels (transaction 1.) For building (transaction 2.) depreciation period 5 year depreciation period 20 year depreciation period 5 year depreciation period 20 year depreciation method monthly (for inTA) depreciation method linear input price " 321,000 " input price " 17,000,000 " input price " 321,000 " input price " 4,280,000 " depreciation period 36 months depreciation group 4 => coefficient 2% 5% 5% acquisition date 3/1/2016 acquisition date 5/1/2013 acquisition date 3/1/2015 acquisition date 5/1/2011 input price " 466,600 " depreciation period 20 year sale price " 12,450,000 " 2017 sale price " 285,000 " in 8/1/2017 technical appreciation - in 5/1/2013 acquisition date 1/1/2016 input price " 5,320,000 " 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) acquisition date 10/1/2014 actual year 2d year technical appreciation - in May and Septemebr 2015 Deprciation tax charge = " 35,310 " and " 71,423 " actual year 5th year actual year 3d year actual year 7th year " 1,375,000 " in April and August 2016 (i.e. in 3d year) Deprciation tax charge = " 12,961.11 " 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 " 220,420.00 " actual year 4th year 1 " 35,310 " Year Depreciation charge Residual value 2 " 71,423 " Year Depreciation charge Residual value Year Depreciation charge Residual value Year Depreciation charge Residual value 1 " 116,650 " " 349,950 " Deprciation tax charge = " 114,380.00 " and " 273,980.00 " 3 " 71,423 " " 142,845 " 1 " 850,000 " " 16,150,000 " 1 " 64,200 " " 256,800 " 1 " 92,020 " " 4,187,980 " 2 " 155,533 " " 194,417 " 4 " 71,423 " 2 " 1,615,000 " " 14,535,000 " 2 " 102,720 " " 154,080 " 2 " 220,420 " " 3,967,560 " 3 " 155,533 " " 38,883 " Year Depreciation charge Residual value 5 " 71,423 " 3 " 1,530,000 " " 13,005,000 " 3 " 77,040 " " 77,040 " 3 " 220,420 " " 3,747,140 " 4 " 38,883 " - 1 " 114,380 " " 5,205,620 " Total " 321,000 " 4 " 1,336,200 " " 11,668,800 " 4 " 51,360 " " 25,680 " 4 " 220,420 " " 3,526,720 " Total " 466,600 " 2 " 273,980 " " 4,931,640 " check - 5 " 1,228,295 " " 10,440,505 " 5 " 25,680 " - 5 " 241,550 " " 3,836,170 " check - 3 " 334,750 " " 5,971,890 " 6 " 1,160,056.14 " " 9,280,449 " Total " 321,000 " 6 " 241,550 " " 3,594,620 " 4 " 334,750 " " 5,637,140 " 7 " 1,091,817.54 " " 8,188,632 " check - 7 " 241,550 " " 3,353,070 " 5 " 334,750 " " 5,302,390 " Adjustment to AP 8 " 1,023,578.95 " " 7,165,053 " 8 " 241,550 " " 3,111,520 " Adjustment to AP 6 " 334,750 " " 4,967,640 " Add back Less Net impact 9 " 955,340.35 " " 6,209,712 " 9 " 241,550 " " 2,869,970 " Add back Less Net impact 7 " 334,750 " " 4,632,890 " 1. " 85,000 " " (71,423)" " 13,578 " 10 " 887,101.75 " " 5,322,611 " 10 " 241,550 " " 2,628,420 " 1. " 65,000 " " (155,533)" " (90,533)" 8 " 334,750 " " 4,298,140 " 2.1. " 270,000 " " (614,147)" " (344,147)" 11 " 818,863.16 " " 4,503,747 " Adjustment to AP 11 " 241,550 " " 2,386,870 " 2. " 210,000 " " (334,750)" " (124,750)" 9 " 334,750 " " 3,963,390 " 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 " " 2,145,320 " " (215,283)" 10 " 334,750 " " 3,628,640 " " 1,678,925 " 13 " 682,385.96 " " 3,070,737 " 1.1. " 30,000 " " (38,520)" " (8,520)" 13 " 241,550 " " 1,903,770 " 11 " 334,750 " " 3,293,890 " 14 " 614,147.37 " " 2,456,589 " 1.2. " 285,000 " " (77,040)" " 207,960 " 14 " 241,550 " " 1,662,220 " 12 " 334,750 " " 2,959,140 " 15 " 545,908.77 " " 1,910,681 " 2. " 775,000 " " (241,550)" " 533,450 " 15 " 241,550 " " 1,420,670 " 13 " 334,750 " " 2,624,390 " 16 " 477,670.18 " " 1,433,011 " " 732,890 " 16 " 241,550 " " 1,179,120 " 14 " 334,750 " " 2,289,640 " 17 " 409,431.58 " " 1,023,579 " 17 " 241,550 " " 937,570 " 15 " 334,750 " " 1,954,890 " 18 " 341,192.98 " " 682,386 " 18 " 241,550 " " 696,020 " 16 " 334,750 " " 1,620,140 " 19 " 272,954.39 " " 409,432 " 19 " 241,550 " " 454,470 " 17 " 334,750 " " 1,285,390 " 20 " 204,715.79 " " 204,716 " 20 " 241,550 " " 212,920 " 18 " 334,750 " " 950,640 " 21 " 136,477.19 " " 68,239 " 21 " 212,920 " - 19 " 334,750 " " 615,890 " 22 " 68,238.60 " - Total " 4,831,000 " 20 " 334,750 " " 281,140 " Total " 17,000,000 " check - 21 " 281,140 " - check - Total " 6,695,000 " check - ##### Sheet/List 3 ##### Ex.7 Ex.8 Ex.9 Ex.10 AP " 17,805,000 " AP " 9,115,000 " AP " 5,614,000 " AP " 2,115,000 " Categorization: Impact Categorization: Impact Categorization: Impact Categorization: Impact 1. accounting/tax cost see model calculations from previous model examples 1. accounting/tax cost see model calculations from previous model examples 1. accounting/tax cost see model calculations from previous model examples 1. accounting/tax cost see model calculations from previous model examples 2. accounting/tax cost " 10,000 " 2. accounting/tax cost " 7,500 " 2. accounting/tax cost " 198,000 " 2. accounting/tax cost " 10,000 " 3. accounting/tax cost " 170,625 " 3. accounting/tax cost " 78,000 " 3. accounting/tax cost & tax base deduction " 15,500 " <= non-decutable cost but deductable item for tax base because fulfill certain conditions (>2000 czk; recipient is NPO) 3. accounting/tax cost " 170,625 " 4. accounting/tax cost " 104,000 " 4. accounting/tax cost & tax base deduction " 1,800 " <= non-decutable cost and non-deductable item for tax base because doesn't fulfill certain conditions (<2000 czk) 4. accounting/tax cost " 275,600 " 5. accounting/tax cost & tax base deduction " 75,120 " <= non-decutable cost but deductable item for tax base because fulfill certain conditions (>2000 czk; recipient is NPO) 5. accounting/tax cost & tax base deduction " 75,120 " <= non-decutable cost but deductable item for tax base because fulfill certain conditions (>2000 czk; recipient is NPO) Adjustments to AP: Adjustments to AP: Adjustments to AP: Add back Less Net impact Adjustments to AP: Add back Less Net impact 1. Add back Less Net impact Add back Less Net impact 1. 2. " 7,500 " " (7,500)" - 1. 1. 2. " 10,000 " " (10,000)" - 3. " 78,000 " " (78,000)" - 2. " 198,000 " " (198,000)" - 2. " 10,000 " " (10,000)" - 3. " 170,625 " " (170,625)" - 4. " 1,800 " " 1,800 " 3. " 15,500 " " 15,500 " 3. " 170,625 " " (170,625)" - 4. " 104,000 " " (104,000)" - Tax base " 9,116,800 " Tax base " 5,629,500 " 4. " 275,600 " " (275,600)" - 5. " 75,120 " " 75,120 " 5. " 75,120 " " 75,120 " Tax base " 17,880,120 " Tax base deductions Tax base deductions Tax base " 2,115,000 " " (15,500)" Tax base deductions Tax base adjusted " 9,116,800 " Tax base adjusted " 5,614,000 " Tax base deductions " (75,120)" " (75,120)" Tax base adjusted " 17,805,000 " rounding " 9,116,000 " rounding " 5,614,000 " Tax base adjusted " 2,039,880 " rounding " 17,805,000 " Tax liability " 1,732,040 " Tax liability " 1,066,660 " rounding " 2,039,000 " Tax liability " 3,382,950 " Tax liability " 387,410 "