Ice Making for Fish Preservation as a P

General Guidance
The workbook aims to assist developers of Solar PV based mini-grids (the "Mini Grid Deve
1 as aquaculture companies, CBOs, entrepreneurs or mini-grid developers (the "Ice Making
ice-making for fish preservation as a productive use activity
2 The Workbook is split into two 'views'/tabs

The 'Mini Grid Developer view' allows for the calculations associated with upgrading a
2a computes key financial metrics that can assist the Developer in assessing the impact of in
for a specific site. The worksheet has two default scenarios. 'Base Case' is the base case
'Upgrade Case Scenario' is the upgrade case that includes the ice-making plant
The 'Ice Making Facility owner view' allows for the calculations associated with installi
making plant to be compatible with a mini-grid. It allows the Ice Making Facility owner to p
2b enterprise through cash flow modeling and computation of key financial metrics. The work
Scenario' refers to the case where the Enterprise Owner owns/operates an ice-making pl
to electric or transport it to the mini-grid site from another location. The 'New Enterprise
owner intends to build and operate a new ice-making plant at the mini-grid site
4 Assumptions, Calculations and Outputs are presented on the same tabs

5 Please read the 'Instructions and Legend' tab before completing the workbook

Mini Grid Developer view tab Ice Making Fac

Structure Structure
1. LCOE Analysis 1. Key Investment Me
2. Key Investment Metrics 2. NPV sensitivity ana
3. Cash Flow Analysis
4. Assumptions and Calculations
4.1 CAPEX 3. Cash Flow Analysis
4.2 Operating Expenditure
4.3 Energy Production
4. Assumptions and c
 ion as a Productive Use activity
(the "Mini Grid Developer") and owners of the productive use enterprise such
ers (the "Ice Making Facility owner") in determining the financial feasibility of

ed with upgrading a mini-grid system to accommodate an ice making plant. It

sing the impact of integrating an ice-making plant on the mini-grid economics
ase' is the base case of the mini-grid system without the ice-making plant.
making plant
sociated with installing a new ice making plant or converting an existing ice
ng Facility owner to perform a detailed financial analysis of an ice-making
ial metrics. The worksheet has two default scenarios. The 'Conversion
tes an ice-making plant already and is looking to either convert it from diesel
he 'New Enterprise Scenario' refers to the case where an Ice Making Facility
ni-grid site
bs

workbook

ce Making Facility Owner view tab

Structure
. Key Investment Metrics
. NPV sensitivity analysis
2.1 Conversion Scenario
2.2 New Enterprise Scenario
. Cash Flow Analysis
3.1 Conversion Scenario
3.2 New Enterprise Scenario
. Assumptions and calculations
4.1. Ice Sales
4.2 Energy Consumption & Ice Production
4.2.1 Conversion Scenario
4.2.2 New Enterprise Scenario
4.3. Operations and Maintenance
4.4. Depreciation
4.5 Interest and Principal Loan Repayments
Mini Grid Developer View Tab

Instructions
1 Please refer to the legend below for information on which cells to fill out in the model
2 Units of measurement are set to default in the analysis. The formulas are coded based o
3 Input values in all grey highlighted cells. All other calculations and output values in the w

Legend
Black Text This is an output cell. Cell includes formula and should not be ed
Blue Highlighted Text This is an input cell. Cell is hard coded and can be edited
Base Case Scenario Mini-Grid system without ice making plant
Upgrade Case Scenario Mini-Grid system with ice making plant

Ice Making Facility Owner View Tab

Instructions
1 Please refer to the legend below for information on which cells to fill out in the model.
2 Units of measurement are set to default in the analysis. The formulas are coded based o
3 Input values in all grey highlighted cells. All other calculations and output values in the w
4 Please note that both revenues and expenses should be positive (expenses will be dedu

Legend
Black Text This is an output cell. Cell includes formula and should not be ed
Blue Highlighted Text This is an input cell. Cell is hard coded and can be edited
Conversion Scenario Existing ice-making plant to be re-located and / or converted to b
New Enterprise Scenario New ice-making plant to be installed and integrated to Mini-Grid
o fill out in the model
mulas are coded based on the assumption that all values are entered in the default units
nd output values in the worksheet will populate automatically. If certain categories do not apply, leave

ula and should not be edited

nd can be edited

to fill out in the model.

mulas are coded based on the assumption that all values are entered in the default units
nd output values in the worksheet will populate automatically. If certain categories do not apply, leave
(expenses will be deducted as part of built in formulas)

ula and should not be edited

nd can be edited
d and / or converted to be compatible with mini-grid system
d integrated to Mini-Grid system
ault units
ories do not apply, leave the cell blank

ault units
ories do not apply, leave the cell blank
Mini Grid Developer View
1. LCOE Analysis
Units Base Case Upgrade Case
CAPEX $ 0 0
Present Value of Operating Expense $ 0 0
Total Energy Production kWhs - -

LCOE $/kWh #DIV/0! #DIV/0!

Profit Margin %
Tariff $/kWh #DIV/0! #DIV/0!

Discount Rate %

2. Key Investment Metrics

Units Base Case Upgrade Case
Equity IRR % #DIV/0! #DIV/0!
Payback Period Years #DIV/0! #DIV/0!
Years 0.0 0.0
Fraction #DIV/0! #DIV/0!
Grant Financing %

3. Cash Flow Analysis

Projected Cash Flows for IRR Calculation Base Case Upgrade Case
Cash Flows Year 0 $ 0 0
Cash Flows Year 1 $ #DIV/0! #DIV/0!
Cash Flows Year 2 $ #DIV/0! #DIV/0!
Cash Flows Year 3 $ #DIV/0! #DIV/0!
Cash Flows Year 4 $ #DIV/0! #DIV/0!
Cash Flows Year 5 $ #DIV/0! #DIV/0!
Cash Flows Year 6 $ #DIV/0! #DIV/0!
Cash Flows Year 7 $ #DIV/0! #DIV/0!
Cash Flows Year 8 $ #DIV/0! #DIV/0!
Cash Flows Year 9 $ #DIV/0! #DIV/0!
Cash Flows Year 10 $ #DIV/0! #DIV/0!
Cash Flows Year 11 $ #DIV/0! #DIV/0!
Cash Flows Year 12 $ #DIV/0! #DIV/0!
Cash Flows Year 13 $ #DIV/0! #DIV/0!
Cash Flows Year 14 $ #DIV/0! #DIV/0!
Cash Flows Year 15 $ #DIV/0! #DIV/0!
Cash Flows Year 16 $ #DIV/0! #DIV/0!
Cash Flows Year 17 $ #DIV/0! #DIV/0!
Cash Flows Year 18 $ #DIV/0! #DIV/0!
Cash Flows Year 19 $ #DIV/0! #DIV/0!
Cash Flows Year 20 $ #DIV/0! #DIV/0!

5. Assumptions and calculations

5.1 CAPEX
Units Base Case Upgrade Case
Solar PV Material $/Wdc
Solar PV Labor $/Wdc
Energy Storage Material $/Wdc
Energy Storage Labor $/Wdc
Generator Material $/Wdc
Generator Labor $/Wdc
Distribution Material and Labor $/Wdc
Design & Engineering $/Wdc
Surveys and Studies $/Wdc
Direct Job Costs $/Wdc
Contingency $/Wdc
Installer Margin $/Wdc
Total Construction Cost $/Wdc 0.00 0.00

5.2 Operating Expense

Units Base Case Upgrade Case
O&M - Solar PV $/Wdc
O&M - Storage System $/Wdc
O&M - Diesel Generator $/Wdc
Diesel Generator - Fuel Cost $/Wdc
Sales, General & Administrative including $/Wdc
Insurance %
OPEX escalation per year %

Projected Annual OPEX Base Case Upgrade Case

OPEX Year 1 $ 0 0
OPEX Year 2 $ 0 0
OPEX Year 3 $ 0 0
OPEX Year 4 $ 0 0
OPEX Year 5 $ 0 0
OPEX Year 6 $ 0 0
OPEX Year 7 $ 0 0
OPEX Year 8 $ 0 0
OPEX Year 9 $ 0 0
OPEX Year 10 $ 0 0
OPEX Year 11 $ 0 0
OPEX Year 12 $ 0 0
OPEX Year 13 $ 0 0
OPEX Year 14 $ 0 0
OPEX Year 15 $ 0 0
OPEX Year 16 $ 0 0
OPEX Year 17 $ 0 0
OPEX Year 18 $ 0 0
OPEX Year 19 $ 0 0
OPEX Year 20 $ 0 0

5.3 Energy Production

Assumption Units Base Case Upgrade Case
System Size, Designed kWdc
Annual Production (Adjusted for Losses) kWh
Annual PV Degradation %

Projected Annual Production Base Case Upgrade Case

Production Year 1 kWh - -
Production Year 2 kWh - -
Production Year 3 kWh - -
Production Year 4 kWh - -
Production Year 5 kWh - -
Production Year 6 kWh - -
Production Year 7 kWh - -
Production Year 8 kWh - -
Production Year 9 kWh - -
Production Year 10 kWh - -
Production Year 11 kWh - -
Production Year 12 kWh - -
Production Year 13 kWh - -
Production Year 14 kWh - -
Production Year 15 kWh - -
Production Year 16 kWh - -
Production Year 17 kWh - -
Production Year 18 kWh - -
Production Year 19 kWh - -
Production Year 20 kWh - -
User Reference

LCOE" is the levelized cost of energy and is a proxy measure that captures the overall economic impact of the ice-making
plant on the mini-grid system. If the LCOE decreases from the Base Case to Upgrade Case Scenario, then the developer
should proceed with connecting the ice-making plant to the mini-grid system. A decreasing LCOE is an indication of the
positive marginal benefit of adding an ice-making plant to the economics of the mini-grid system

Profit margin should be selected based on the following considerations (i) approval of resulting tariff by ERC (ii) desired
Equity IRR. Changing this input has direct impact on the equity IRR as the Tariff is used to calculated cash flows available to
equity investors.

For calculating the present value of operating expense in the LCOE calculation. Discount Rate can be based on the
developer's cost of equity financing

Portion of capital structure that is financed by grants or similar incentives intended to subsidize the CAPEX of the mini-grid s

Cash flow projection is developed for the purpose of calculating IRR. Cash flows are calculated as follows: (Tariff x Energy
Production) - (Operating Expense) - (CAPEX)
The default template includes the most commonly used categorizations. The user can add or consolidate categories based on

The default template includes the most commonly used categorizations. User can add or consolidate categories based on the
Input should be based on result of developer's internal production modeling. The developer should ensure that the sizing of
Input should be based on result of developer's internal production modeling. The developer should ensure that the sizing of
Annual degradation in the production capacity of the solar PV panels
Ice Making Facility Owner view
1. Key Investment Metrics
Units Conversion New Enterprise
Total Investment $ 0 0
IRR % N/A #DIV/0!
10 year NPV $ #DIV/0! #DIV/0!
Payback period Years <0 -

Assumptions `
Discount rate %

Tax rate %

Remaining Useful Life Years

2. NPV sensitivity analysis

Legend
<$0
$0.001k-50k
$50.001k-$100k
$100.001k-150k
$150k+

2.1 Conversion Scenario

Ice Price (
#DIV/0! 0.08 0.10
0.3
0.4
0.5
0.6
0.7
Tarif ($/kWh)

0.8
0.9
1.0
1.1
1.2
1.3
1.4
1.5
1.6
1.7

2.2 New Enterprise Scenario

 Ice Price (
#DIV/0! 0.08 0.10
0.3
0.4
0.5

Tarif ($/kWh)
0.6
0.7
0.8
0.9
1.0
1.1
1.2
1.3
1.4
1.5
1.6
1.7

3. Cash Flow Analysis

3.1 Conversion Scenario 1 2 3
REVENUE
Ice sales #DIV/0! #DIV/0! #DIV/0!
Total Revenue #DIV/0! #DIV/0! #DIV/0!

OPEX
Energy consumption - - -
Operations and maintainance - - -
Total OPEX - - -

EBITDA #DIV/0! #DIV/0! #DIV/0!

EBITDA %

Depreciation - - -
Interest repayments - - -

EBIT #DIV/0! #DIV/0! #DIV/0!

EBIT %

Tax #DIV/0! #DIV/0! #DIV/0!

AFTER TAX INCOME #DIV/0! #DIV/0! #DIV/0!
Depreciation (+) - - -

CAPEX - Upfront Deposit 0

Total CAPEX 0 - -

Principal loan repayments - - -

NET CASH FLOW #DIV/0! #DIV/0! #DIV/0!
3.2 New Enterprise Scenario 1 2 3
REVENUE
Ice sales #DIV/0! #DIV/0! #DIV/0!
Total Revenue #DIV/0! #DIV/0! #DIV/0!

OPEX
Energy consumption - - -
Operations and maintainnance - - -
Total OPEX - - -

EBITDA #DIV/0! #DIV/0! #DIV/0!

EBITDA %

Depreciation - - -
Interest repayments - - -
EBIT #DIV/0! #DIV/0! #DIV/0!
EBIT %

Tax #DIV/0! #DIV/0! #DIV/0!

AFTER TAX INCOME #DIV/0! #DIV/0! #DIV/0!
Depreciation (+) - - -

CAPEX - Upfront Deposit 0

Total CAPEX 0 - -

Principal loan repayments 0 0 -

NET CASH FLOW #DIV/0! #DIV/0! #DIV/0!

4. Assumptions and calculations

4.1. Ice Sales

Assumptions Unit Conversion New Enterprise
Fixed product cost $/kg #DIV/0! #DIV/0!
Variable product cost $/kg #DIV/0! #DIV/0!
Product Unit Cost $/kg #DIV/0! #DIV/0!
Profit Margin %
Product Unit Retail Price $/kg #DIV/0! #DIV/0!

Projected ice sales Unit Conversion New Enterprise

Year 1 $ #DIV/0! #DIV/0!
Year 2 $ #DIV/0! #DIV/0!
Year 3 $ #DIV/0! #DIV/0!
Year 4 $ #DIV/0! #DIV/0!
Year 5 $ #DIV/0! #DIV/0!
Year 6 $ #DIV/0! #DIV/0!
Year 7 $ #DIV/0! #DIV/0!
Year 8 $ #DIV/0! #DIV/0!
Year 9 $ #DIV/0! #DIV/0!
 Year 10 $ #DIV/0! #DIV/0!
Total #DIV/0! #DIV/0!

4.2. Energy consumption/Ice Production

Assumptions Units 1. Conversion 2. New Enterprise
Ice produced per hour kg
Hours per shift hrs
Shifts per day shifts
Operating days per month days
Ice produced per day kg 0 0
Operating monthly
Maximum hours perproduction
month hrs 0 0
capacity kg - -

Power demand per hour of use kW

High Season utilisation %

High Season months p.a months
Mid Season utilisation %
Mid Season months p.a. months
Low Season utilisation %
Low Season months p.a months
Month check ok ok

Tariff $ kWh

4.2.1 Projected energy consumption - Conversion Scenario

High season production

Unit kg hrs
Year 1 $ - 0
Year 2 $ - 0
Year 3 $ - 0
Year 4 $ - 0
Year 5 $ - 0
Year 6 $ - 0
Year 7 $ - -
Year 8 $ - -
Year 9 $ - -
Year 10 $ - -
Total - -

4.2.2 Projected energy consumption - New Enterprise Scenario

High season production

Units kg hrs
Year 1 $ - 0
Year 2 $ - 0
Year 3 $ - 0
Year 4 $ - 0
 Year 5 $ - 0
Year 6 $ - 0
Year 7 $ - 0
Year 8 $ - 0
Year 9 $ - 0
Year 10 $ - 0
Total - -

4.3 Operations and Maintenance (O&M)

Assumptions Unit Conversion New Enterprise
Number of FTE #
Annual salary FTE $

Annual regular service cost $

Biennial major service cost $

Projected O&M Unit Conversion New Enterprise

Year 1 # - -
Year 2 $ - -
Year 3 $ - -
Year 4 $ - -
Year 5 $ - -
Year 6 $ - -
Year 7 $ - -
Year 8 $ - -
Year 9 $ - -
Year 10 $ - -
Total - -

4.4 Depreciation
Assumptions Units Conversion New Enterprise
Ice Making Plant purchase $
Ice making plant conversion $
Ice Making Plant Installation $
Total Investment $ - -
Remaining useful life years - -

Projected Depreciation Conversion

Units NBV B/F Dep/n expense
Year 1 $ - -
Year 2 $ - -
Year 3 $ - -
Year 4 $ - -
Year 5 $ - -
Year 6 $ - -
Year 7 $ - -
Year 8 $ - -
Year 9 $ - -
Year 10 $ - -
 Total -

4.5 Interest and principal loan repayments

Assumptions Units Conversion New Enterprise
Upfront Deposit $
Loan principal $
Loan term years
Interest %

Projected loan repayments Conversion

Units Debt B/C New Debt Issues
1 $ -
2 $ -
3 $ -
4 $ -
5 $ -
6 $ -
7 $ -
8 $ -
9 $ -
10 $ -
Total
 Ice Price ($USD/kg)
0.12 0.14 0.16 0.18
 Ice Price ($USD/kg)
0.12 0.14 0.16 0.18

4 5 6 7 8

#DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!

#DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!

- - - - -
- - - - -
- - - - -

#DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!

- - - - -
- - - - -

#DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!

#DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!

#DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
- - - - -

- - - - -

- - - - -
#DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
 4 5 6 7 8

#DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!

#DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!

- - - - -
- - - - -
- - - - -

#DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!

- - - - -
- - - - -
#DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!

#DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!

#DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
- - - - -

- - - - -

- - - - -
#DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
nterprise

Mid season production Low season production Total annual productio

kgs hrs kgs hrs kgs

- 0 - 0 -
- 0 - 0 -
- 0 - 0 -
- 0 - 0 -
- 0 - 0 -
- 0 - 0 -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -

Mid season production Low season production Total annual productio

kgs hrs kgs hrs kgs

- 0 - 0 -
- 0 - 0 -
- 0 - 0 -
- 0 - 0 -
 - 0 - 0 -
- 0 - 0 -
- 0 - 0 -
- 0 - 0 -
- 0 - 0 -
- 0 - 0 -
- - - - -

ersion New Enterprise

NBV C/F NBV B/F Dep/n expense NBV C/F
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
 -

Conversion New Ente

Total repayments Principal Interest Debt B/C New Debt Issues
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - -
User Reference

Discount rate is an input for the NPV

The interest rate on debt financing c
Tax rate should be consistent with lo

Input the remaining years of operatio

Remaining Useful Life of less than 10
Debt) as it is assumed that the Mach

Sensitivity analysis is designed to sh

values for key variables. In this case
Owners should use this analysis to as
 Cash flow projection is developed for

9 10 Total

#DIV/0! #DIV/0! #DIV/0!

#DIV/0! #DIV/0! #DIV/0!

- - 0
- - 0
- - 0

#DIV/0! #DIV/0! #DIV/0!

- - 0
- - 0

#DIV/0! #DIV/0! #DIV/0!

#DIV/0! #DIV/0! #DIV/0!

#DIV/0! #DIV/0! #DIV/0!
- - 0

0
- - 0

- - 0
#DIV/0! #DIV/0! #DIV/0!
 9 10 Total

#DIV/0! #DIV/0! #DIV/0!

#DIV/0! #DIV/0! #DIV/0!

- - 0
- - 0
- - 0

#DIV/0! #DIV/0! #DIV/0!

- - 0
- - 0
#DIV/0! #DIV/0! #DIV/0!

#DIV/0! #DIV/0! #DIV/0!

#DIV/0! #DIV/0! #DIV/0!
- - 0

0
- - 0

- - 0
#DIV/0! #DIV/0! #DIV/0!

Categories of assumptions and calcu

Ice sales are the primary source of re

Calculated based on the total CAPEX

Calculated based on the total OPEX f
Sum of variable and fixed product co
Profit mark-up to be set by Enterpris
This is the desired retail price for the
 Input based on technical specificatio

Input based on technical specificatio

Assumptions from Row 164 to 169 ar

The Sum of Rows 165, 167 and 169 s

A best estimate of the cost of power.

Key values 4.2.1 are found in Column

tal annual production Energy Consumed

hrs kWh $
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -

tal annual production Total energy consumed

hrs kWh $
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -

The default template includes the mo

The number of full time staff estimat

The total financial salary of each full
Estimated cost of the annual servicin
dependent warranties

Estimated cost of the major services

including those with warranties of 2 y

These values will change according t

Will only apply in a situation in which

Will only apply in a situation in which
Includes any associated costs with in

These values are linked to Row 15

 The default template includes the mo

The deposit required by the lender to

The value of the loan before the incu
The duration (in years) in which the l
The non-principal loan repyaments. P

New Enterprise
Total repayments Principal Interest Add any new debt taken on over the
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
 Reference

ate is an input for the NPV calculation. It should be based on the cost of capital for the Enterprise Owner.
st rate on debt financing can be used as a proxy for cost of capital. In which case, the discount rate can
hould be consistent with local regulations

remaining years of operation for the Ice Making Plant as at the time of calculation. Note than any
g Useful Life of less than 10 years will result in the cessation of all cash flows (apart from those related to
t is assumed that the Machine is no longer productive (and is not replaced)

analysis is designed to show the impact of Net Present Value (NPV) based on changes to the assumed
key variables. In this case the key variables are set to be 'Ice Price' and the 'Energy Tariff'. Enterprise
hould use this analysis to assess the level of risk in case of fluctuations in key variables
projection is developed for the purpose of calculating key investment metrics (IRR, NPV and Payback Perio
s of assumptions and calculations are presented in the same order as the Cash Flow Analysis

are the primary source of revenue. 4.1 allows the Enterprise Owner to set the desired price point for the pr

d based on the total CAPEX for the ice making plant divided by the total amount of ice produced over its li
d based on the total OPEX for the ice making plant divided by the total amount of ice produced over its lif
riable and fixed product cost
k-up to be set by Enterprise Owner. In assessing the appropriate mark-up the Enterprise Owner should take
desired retail price for the product. The selected retail price should result in a positive NPV. If this is not
ed on technical specifications of the potential/existing ice making plant

ed on technical specifications of the potential/existing ice making plant

ons from Row 164 to 169 are intended to utilisation of the Ice Making plant based on fish supply seasonality.

of Rows 165, 167 and 169 should equal 12 (months of the year of operation) or less (if the Ice Making Plant

imate of the cost of power. Ideally informed by earlier discussion/calculations with the Developer

s 4.2.1 are found in Column I (Total Annual Production of Ice) and Column L (Total Financial Value of Ene
lt template includes the most commonly used categorizations. User can add or consolidate categories bas

er of full time staff estimated to be required to operate the ice making plant at the assumed utilisaion
financial salary of each full time staffer
cost of the annual servicing of the ice making plant. Note that many new machines do come with time-
t warranties

cost of the major services of the ice making plant every 2 years. May not apply to some machines,
those with warranties of 2 years or longer

ues will change according to the Developer Scenario and link directly to CAPEX in the Cash Flow Summary

pply in a situation in which an enteprise is buying an electric ice making plant

pply in a situation in which an enteprise is converting an existing diesel-genset ice making plant to be co
ny associated costs with installing the ice making plant (e.g. any associated moving costs for a converted

ues are linked to Row 15

lt template includes the most commonly used categorizations. User can add or consolidate categories bas

it required by the lender to secure the loan. Usually quoted as a percentage of the total asset value.
of the loan before the incurring of any interest charges
on (in years) in which the loan principal and interest is required to be fully repaid
rincipal loan repyaments. Projections assume interest is charged annually on the remaining value of the loan principal.

ew debt taken on over the projected 10 years into corresponding cells in this table