Ex 1											Ex 2															
																										
FV	7540				FV	" 7,540 "					FV	7540														
					vs																					
Lease payments	9000			=>	PV	" 7,461 "	=>	in BS at min	" 7,461 "		Lease payments	9000														
%	10%										%	8.84%														
payments in arrears (i.e. at the end of the period)								Depreciation charge	" 1,379 "		payments in arrears (i.e. at the end of the period)															
																										
Lease schedule:											Lease schedule:															
Year	Liability	%	Payment	Reduction of liability	Liability (c/f=closing balance)						Year	Receivable	%	Payment	Reduction of receivable	Receivable (c/f=closing balance)										
1	" 7,461 "	 746.06 	" 3,000 "	" 2,254 "	" 5,207 "						1	" 7,540 "	 666.54 	" 3,000 "	" 2,333 "	" 5,207 "										
2	" 5,207 "	 520.66 	" 3,000 "	" 2,479 "	" 2,727 "						2	" 5,207 "	 520.65 	" 3,000 "	" 2,479 "	" 2,727 "										
3	" 2,727 "	 272.73 	" 3,000 "	" 2,727 "	 -   						3	" 2,727 "	 272.72 	" 3,000 "	" 2,727 "	 (0)										
																										
PL_1 year			BS_1 year								PL_1 year			BS_1 year												
%	 (746.06)		PPE	" 7,461 "	Fin leasing liability	" 5,207 "					%	 666.54 		Fin leasing receivable	" 5,207 "	Liability to manufacturer	" 7,540 "									
Depreciation charge	" (1,379)"		Accumulated depreciation	" (1,379)"	Business result for this year	" (2,124.57)"										Business result for this year	 666.54 									
	" (2,124.57)"		Bank	" (3,000)"								 666.54 		Bank	" 3,000 "											
				" 3,082 "		" 3,082 "									" 8,207 "		" 8,207 "									
																										
PL_2 year			BS_2 year								PL_2 year			BS_2 year												
%	 (520.66)		PPE	" 7,461 "	Fin leasing liability	" 2,727 "					%	 520.65 		Fin leasing receivable	" 2,727 "	Liability to manufacturer	" 7,540 "									
Depreciation charge	" (1,379)"		Accumulated depreciation	" (2,757)"	Business result for this year	" (1,899.17)"										Business result for this year	 520.65 									
	" (1,899.17)"		Bank	" (6,000)"	Retained earnings (i.e. business result from previous periods)	" (2,124.57)"						 520.65 		Bank	" 6,000 "	Retained earnings (i.e. business result from previous periods)	 666.54 									
				" (1,296)"		" (1,296)"									" 8,727 "		" 8,727 "									
																										
PL_3 year			BS_3 year								PL_3 year			BS_3 year												
%	 (272.73)		PPE	" 7,461 "	Fin leasing liability	 -   					%	 272.72 		Fin leasing receivable	 (0)	Liability to manufacturer	" 7,540 "									
Depreciation charge	" (1,379)"		Accumulated depreciation	" (4,136)"	Business result for this year	" (1,651.24)"										Business result for this year	 272.72 									
	" (1,651.24)"		Bank	" (9,000)"	Retained earnings (i.e. business result from previous periods)	" (4,023.74)"						 272.72 		Bank	" 9,000 "	Retained earnings (i.e. business result from previous periods)	" 1,187.19 "									
				" (5,675)"		" (5,675)"									" 9,000 "		" 9,000 "