Component

START UP IMMOVABLE ASSETS TO FUND

4650 hectare cattle ranch farm
Boreholes
Water Reserviour
Water Supply Equipment
Fenced paddocks
Cattle Handling facility
Buildings
Feed and water troughs

START UP MOVABLE ASSETS TO FUND

Item
Bred heifers
Market stock for fattening
Stud Bulls
7 ton truck
Trailer

Quantity
350.00
60.00
5.00
1.00
1.00

Utility vehicle

1.00

Tractor and ploughing equipment

1.00

General equipment

1.00

Generator 45kva

1.00

Artificial insemination Kit

1.00

Office equipment

1.00

Livestock management training

Sub Total Movable assets
Total assets to fund
Contigency
Operating Costs for the first 18 months

3.00

Total

Unit Cost ( Pula)

1,600,000.00
200,000.00
100,000.00
120,000.00
315,000.00
70,000.00
300,000.00
40,000.00

1,600,000.00
200,000.00
100,000.00
120,000.00
315,000.00
70,000.00
300,000.00
40,000.00
2,745,000.00

6,000.00

2,100,000.00

2,500.00

150,000.00

14,000.00

70,000.00

494,000.00

494,000.00

24,200.00

24,200.00

277,424.00

277,424.00

307,239.57

307,239.57

13,492.00

13,492.00

40,000.00

40,000.00

6,000.00

6,000.00

29,395.00

29,395.00

5,500.00

16,500.00

Sub Total Immovable

3,528,250.57
6,273,250.57
78,248.41
548,501.02
TOTAL LOAN REQUIRED

6,900,000.00

Decown Botswana ( Beef Enterprise)

Assumptions
1. This budget outlines the cost of production for a broiler operation.
2. Buildings and equipment are valued at new cost.
3. All feed is purchased in the first year and the rest is on farm grown from the second year onwards.

Year 1
Breeding Stock: Cow
(Heifers+) Bull
Total Mature
cows/heifers
& bulls
Expected Calves-95%
Mortality-3%
Total Calves
Produced
Calving Ratio :
Females 50%
Males
50%
Retained
Calves(heifers) for
Retained calves(bulls)
for
breeding
Retained
calves
(heifers)
selling
Retainedfor
calves
(
Castrates)
for selling
Total Animal
Bred for
Selling
Cull Cows 20%
Total sold annually

Year 2

Year 3

Year 4

Year 5

350

365

380

395

410

19
369

19
384

20
400

21
416

22
432

333

347

361

375

390

7
326

7
340

7
354

8
368

8
382

163

170

177

184

191

163

170

177

184

191

34

35

37

38

163

136

142

147

153

163
326

170
306

177
318

184
331

191
344

34
326

35
340

37
354

38
368

Decowns Botswana (Beef enteprise)

Feed requirements for the stock on farm
ASSUMPTIONS
>. The proposed initial purchase live weight is 300Kg
>. 1 - 1.5 year steers are bought at 250 kg minimum
>. 2 -year old steers are bought at 275 kg LW minimum
>. Steers consume a total of 3% of their body weight daily
>. Steers are expected to gain 1.6kg average daily
>. Carcass weight shold be more than 200kg
>. Carcasses should fall into PRIME or SUPER grade
>. Feedloting period not more than 120 days, sales made after 3rd month
>. The buying price for steers less than 2 years old is 10P/kg liveweight basis
>. Animals drink up to 100 liters water a day, and water takes up to 5% total ration
Rations (kgs)

Induction 1

Induction 2

Grower

97

107

116

40

Maize Bran

382

420

455

644

Sorghum Bran

197

217

235

143

13

14

13

11

Vitamin A Premix

Urea

104

69

41

34

Cottonseed Meal

18% DCP
Salt

Roughage
Molasses

Finisher

195

160

124

118

1000

1000

1000

1000

Induction 1

Induction 2

Grower

Finisher

9.70%

10.70%

11.60%

4.00%

7.80%

BWP

550.00

Maize Bran

38.20%

42.00%

45.50%

64.40%

54.95%

BWP

542.00

Sorghum Bran

19.70%

21.70%

23.50%

14.30%

18.90%

BWP

500.00

0.50%

0.60%

0.80%

0.40%

0.60%

BWP

5,600.00

Salt

1.30%

1.40%

1.30%

1.10%

1.20%

BWP

600.00

Vitamin A Premix

0.10%

0.10%

0.10%

0.10%

0.10%

BWP

3,000.00
8,000.00

TOTAL

Rations (kgs)
Cottonseed Meal

18% DCP

Urea

Price per ton

AVG %

0.60%

0.60%

0.70%

0.50%

0.60%

BWP

Roughage

10.40%

6.90%

4.10%

3.40%

3.75%

BWP

84.00

Molasses

19.50%

16.00%

12.40%

11.80%

12.10%

BWP

1,500.00

100.00%

100.00%

100.00%

100.00%

TOTAL

100.00%
to be continued

from previous page

MONTHS

STEERS IN
1

STEERS ON FARMSTEERS SOLD

60

TOTAL Live Wgt(kg)TOTAL Monthly RATION (DR)

60

450000

11250

900000

22500

60

120

60

120

60

900000

22500

60

120

60

900000

22500

60

120

60

900000

22500

60

120

60

900000

22500

60

120

60

900000

22500

60

120

60

900000

22500

60

120

60

900000

22500

10

60

120

60

900000

22500

11

60

120

60

900000

22500

12

60

120

60

900000

22500

450

540

TOTALS

Cottonseed Meal Maize Bran

Wheat Bran

18 % DCP

Salt

Vit A Premix

Urea

Roughage

Molasses

TOTAL Monthly Costs

878

6182

2126

68

135

11

68

422

1361 BWP

8,006.39

1755

12364

4253

135

270

23

135

844

2723 BWP

16,012.78

1755

12364

4253

135

270

23

135

844

2723 BWP

16,012.78

1755

12364

4253

135

270

23

135

844

2723 BWP

16,012.78

1755

12364

4253

135

270

23

135

844

2723 BWP

16,012.78

1755

12364

4253

135

270

23

135

844

2723 BWP

16,012.78

1755

12364

4253

135

270

23

135

844

2723 BWP

16,012.78

1755

12364

4253

135

270

23

135

844

2723 BWP

16,012.78

1755

12364

4253

135

270

23

135

844

2723 BWP

16,012.78

1755

12364

4253

135

270

23

135

844

2723 BWP

16,012.78

1755

12364

4253

135

270

23

135

844

2723 BWP

16,012.78

1755

12364

4253

135

270

23

135

844

2723 BWP

16,012.78

20183

142183

48904

1553

3105

259

1553

9703

31309 BWP

184,146.94

SALES EXPECTED THEREOF FROM THE ABOVE

DECOWN BOTSWANA BEEF ENTERPRISE

PROJECTED INCOME & EXPENDITURE
12 MONTHS OF THE FIRST YEAR
Month 1

Month 2

Month 3

Month 4

Month 5

Month 6

Month 7

Month 8

Month 9

Month 10

Month 11

Month 12

0
0
0
0
2,369,190

0
0
0
0
252,834

0
0
0
0
252,834

0
236,873
23,687
13,028

0
236,873
23,687
13,028

0
236,873
23,687
13,028

0
236,873
23,687
13,028

0
236,873
23,687
13,028

0
236,873
23,687
13,028

0
236,873
23,687
13,028

0
236,873
23,687
13,028

0
236,873
23,687
13,028

2,369,190

252,834

252,834

273,588

273,588

273,588

273,588

273,588

273,588

273,588

273,588

273,588

6,405
1,601
1,121
600
500
500
2,170,000
150,000
2,000

12,810
3,203
1,121
600
500
500
0
150,000
2,000

12,810
3,203
1,121
600
500
500
0
150,000
2,000

12,810
3,203
1,121
600
500
500
0
150,000
2,000

12,810
3,203
1,121
600
500
500
0
150,000
2,000

12,810
3,203
1,121
600
500
500
0
150,000
2,000

12,810
3,203
1,121
600
500
500
0
150,000
2,000

12,810
3,203
1,121
600
500
500
0
150,000
2,000

12,810
3,203
1,121
600
500
500
0
150,000
2,000

12,810
3,203
1,121
600
500
500
0
150,000
2,000

12,810
3,203
1,121
600
500
500
0
150,000
2,000

12,810
3,203
1,121
600
500
500
0
150,000
2,000

800
600
1,000

800
600
1,000

800
600
1,000

800
600
1,000

800
600
1,000

800
600
1,000

800
600
1,000

800
600
1,000

800
600
1,000

800
600
1,000

800
600
1,000

800
600
1,000

Total
0
1,894,982
189,498
104,224
2,874,858
0
5,063,562
0
1,665
17,460
5,238
0
134,507
33,627
12,330
6,600
5,500
5,500
2,170,000
1,650,000
22,000
0
8,800
6,600
11,000

400
500
4,400
300
600
300
600
600
2,000
2,369,190

400
500
4,400
300
600
300
600
600
2,000
182,834

400
500
4,400
300
600
300
600
600
2,000
182,834

400
500
4,400
300
600
300
600
600
2,000
182,834

400
500
4,400
300
600
300
600
600
2,000
182,834

400
500
4,400
300
600
300
600
600
2,000
182,834

400
500
4,400
300
600
300
600
600
2,000
182,834

400
500
4,400
300
600
300
600
600
2,000
182,834

400
500
4,400
300
600
300
600
600
2,000
182,834

400
500
4,400
300
600
300
600
600
2,000
182,834

400
500
4,400
300
600
300
600
600
2,000
182,834

400
500
4,400
300
600
300
600
600
2,000
182,834

4,400
5,500
48,400
3,300
6,600
3,300
6,600
6,600
22,000
4,197,527

Profit before interest & tax

70,000

70,000

90,754

90,754

90,754

90,754

90,754

90,754

90,754

90,754

90,754

866,035

FINANCING Loan Repayment

Interest
Profit after interest before tax
Tax @25%

0
0
0
0

0
0
70,000
0

0
0
70,000
0

0
0
90,754
0

0
0
90,754
0

0
0
90,754
0

0
0
90,754
0

0
0
90,754
0

0
0
90,754
0

0
0
90,754
0

0
0
90,754
0

0
0
90,754
0

70,000

70,000

90,754

90,754

90,754

90,754

90,754

90,754

90,754

90,754

90,754

INCOME

Breeding Heifers Sales

Market Steers Sales
Livestock Products
Custom Work
Accounts Receivable
Other Farm Income
TOTAL FARM INCOME

CROPS

Seed Purchases, Cleaning and Treatment

Fertilizer
Chemicals (Weed & Insect Sprays)

LIVESTOCK Feed Purchases - Grain & Hay

Feed Purchases - Commercial
Salt, Minerals, Vitamins
Pasture maintanance
Containers and Twine
Breeding Fees, Vet Fees, Drugs
Purchase of Breeding Stock
Purchase of Market Livestock
Other Livestock Expenses
EQUIPMENT Fuel, Oil, Grease
Equipment Repair
Custom Work
OTHER

Shop Supplies, Small Tools

Telephone
Labour
Building Insurance
Building and Fence Repairs
Vehicle Registration/Insurance
Professional Fees
Office Expenses
Other Farm Expenses
TOTAL FARM EXPENSES

Net profit after Tax

1,665
17,460
5,238

866,035
956,790

CASH INFLOW:

Month 1
Breeding Heifers Sales
Market Steers Sales
Livestock Products
Custom Work
Accounts Receivable CEDA
New Term Borrowings CEDA
Capital Sales (Mach., Building, Land)
Other Asset Sales (incl. Investments)
Off Farm Income
Cash Contributions
Total Cash Inflow:

CASH OUTFLOW:
Crops & Livestock:

Seed Purchases, Cleaning and Treatment

Fertilizer
Chemicals (Weed & Insect Sprays)
Feed Purchases - Grain & Hay
Feed Purchases - Commercial
Salt, Minerals, Vitamins
Pasture Rent
Containers and Twine
Breeding Fees, Vet Fees, Drugs
Purchase of Breeding Stock
Purchase of Market Livestock
Other Livestock Expenses

Equipment:

Other:

Financing:

Fuel, Oil, Grease

Equipment Repair
Custom Work
Shop Supplies, Small Tools
Hydro, Telephone
Labour
Building Insurance
Building and Fence Repairs
Vehicle Registration/Insurance
Professional Fees
Office Expenses
Other Farm Expenses

Term Loan Payments: Interest

Term Loan Payments: Principal
Capital Purchases (Mach, Buildings, Land)
Other Asset Purchases (incl. Investments)
Total Cash Outflow:

2,369,190.28
4,530,809.72

Month 2

Month 3

Month 4

Month 5

Month 6

Month 7

Month 8

Month 9

Month 10

236,872.80
23,687.28
13,028.00
-

236,872.80
23,687.28
13,028.00
-

236,872.80
23,687.28
13,028.00
-

236,872.80
23,687.28
13,028.00
-

236,872.80
23,687.28
13,028.00
-

236,872.80
23,687.28
13,028.00
-

236,872.80
23,687.28
13,028.00
-

50,000.00
6,950,000.00

273,588.08

273,588.08

273,588.08

273,588.08

273,588.08

273,588.08

273,588.08

1,665.00
17,460.00
5,238.00

6,405.11
1,601.28
1,120.89
600.00
500.00
500.00
2,170,000.00
150,000.00
2,000.00
800.00
600.00
1,000.00
400.00
500.00
4,400.00
300.00
600.00
300.00
600.00
600.00
2,000.00

12,810.22
3,202.56
1,120.89
600.00
500.00
500.00
150,000.00
2,000.00
800.00
600.00
1,000.00
400.00
500.00
4,400.00
300.00
600.00
300.00
600.00
600.00
2,000.00

12,810.22
3,202.56
1,120.89
600.00
500.00
500.00
150,000.00
2,000.00
800.00
600.00
1,000.00
400.00
500.00
4,400.00
300.00
600.00
300.00
600.00
600.00
2,000.00

12,810.22
3,202.56
1,120.89
600.00
500.00
500.00
150,000.00
2,000.00
800.00
600.00
1,000.00
400.00
500.00
4,400.00
300.00
600.00
300.00
600.00
600.00
2,000.00

12,810.22
3,202.56
1,120.89
600.00
500.00
500.00
150,000.00
2,000.00
800.00
600.00
1,000.00
400.00
500.00
4,400.00
300.00
600.00
300.00
600.00
600.00
2,000.00

12,810.22
3,202.56
1,120.89
600.00
500.00
500.00
150,000.00
2,000.00
800.00
600.00
1,000.00
400.00
500.00
4,400.00
300.00
600.00
300.00
600.00
600.00
2,000.00

12,810.22
3,202.56
1,120.89
600.00
500.00
500.00
150,000.00
2,000.00
800.00
600.00
1,000.00
400.00
500.00
4,400.00
300.00
600.00
300.00
600.00
600.00
2,000.00

12,810.22
3,202.56
1,120.89
600.00
500.00
500.00
150,000.00
2,000.00
800.00
600.00
1,000.00
400.00
500.00
4,400.00
300.00
600.00
300.00
600.00
600.00
2,000.00

12,810.22
3,202.56
1,120.89
600.00
500.00
500.00
150,000.00
2,000.00
800.00
600.00
1,000.00
400.00
500.00
4,400.00
300.00
600.00
300.00
600.00
600.00
2,000.00

12,810.22
3,202.56
1,120.89
600.00
500.00
500.00
150,000.00
2,000.00
800.00
600.00
1,000.00
400.00
500.00
4,400.00
300.00
600.00
300.00
600.00
600.00
2,000.00

2,745,000.00
1,208,250.57
6,322,440.85

182,833.67

182,833.67

182,833.67

182,833.67

182,833.67

182,833.67

182,833.67

182,833.67

182,833.67

627,559.15

627,559.15
(182,833.67)

444,725.47
(182,833.67)

261,891.80
90,754.41

352,646.22
90,754.41

443,400.63
90,754.41

534,155.04
90,754.41

624,909.45
90,754.41

715,663.86
90,754.41

806,418.28
90,754.41

627,559.15

444,725.47

261,891.80

352,646.22

443,400.63

534,155.04

624,909.45

715,663.86

806,418.28

897,172.69

NET CASH FLOW

+ Opening Cash Balance for Period
= Cash Position for Period
ENDING CASH (or Operating Loan)

Month 11

Month 12

236,872.80
23,687.28
13,028.00
-

236,872.80
23,687.28
13,028.00
-

273,588.08

273,588.08

12,810.22
3,202.56
1,120.89
600.00
500.00
500.00
150,000.00
2,000.00
800.00
600.00
1,000.00
400.00
500.00
4,400.00
300.00
600.00
300.00
600.00
600.00
2,000.00

12,810.22
3,202.56
1,120.89
600.00
500.00
500.00
150,000.00
2,000.00
800.00
600.00
1,000.00
400.00
500.00
4,400.00
300.00
600.00
300.00
600.00
600.00
2,000.00

182,833.67

182,833.67

897,172.69
90,754.41

987,927.10
90,754.41

987,927.10

1,078,681.51

Decown ( Tri County) Beef Enterprise

Income and Expediture ( 5 Years Projection)
YEAR 1
YEAR 2
YEAR 3
YEAR 4
YEAR 5
INCOME

Breeding Heifers Sales

Market Steer Sales
Livestock Products
Custom Work
Accounts Receivable
Other Farm Income
TOTAL FARM INCOME

851,283.13
2,384,555.56
238,455.56
11,922.78
-

710,213.35
2,243,110.20
224,311.02
11,215.55
-

739,400.20
2,272,213.26
227,221.33
11,361.07
-

768,587.05
2,301,316.32
230,131.63
11,506.58
-

3,486,217.02

3,188,850.13

3,250,195.86

3,311,541.59

1,748.25
18,333.00
5,499.90

1,835.66
19,249.65
5,774.90

1,927.45
20,212.13
6,063.64

2,023.82
21,222.74
6,366.82

134,507.33
33,626.83
12,329.84
6,600.00
5,500.00
5,500.00
2,170,000.00
1,650,000.00
22,000.00

40,352.20
35,308.17
12,946.33
6,930.00
5,775.00
5,775.00
1,485,000.00
23,100.00

12,105.66
37,073.58
13,593.65
7,276.50
6,063.75
6,063.75
1,336,500.00
24,255.00

10,895.09
38,927.26
14,273.33
7,640.33
6,366.94
6,366.94
1,202,850.00
25,467.75

9,805.58
40,873.63
14,987.00
8,022.34
6,685.28
6,685.28
1,082,565.00
26,741.14

8,800.00
6,600.00
11,000.00

9,240.00
6,930.00
11,550.00

9,702.00
7,276.50
12,127.50

10,187.10
7,640.33
12,733.88

10,696.46
8,022.34
13,370.57

4,400.00
5,500.00
48,400.00
3,300.00
6,600.00
3,300.00
6,600.00
6,600.00
22,000.00
4,197,527.00

4,620.00
5,775.00
50,820.00
3,465.00
6,930.00
3,465.00
6,930.00
6,930.00
23,100.00
1,780,522.85

4,851.00
6,063.75
53,361.00
3,638.25
7,276.50
3,638.25
7,276.50
7,276.50
24,255.00
1,616,534.85

5,093.55
6,366.94
56,029.05
3,820.16
7,640.33
3,820.16
7,640.33
7,640.33
25,467.75
1,495,070.74

5,348.23
6,685.28
58,830.50
4,011.17
8,022.34
4,011.17
8,022.34
8,022.34
26,741.14
1,387,762.51

Profit before interest & tax

866,035.30

1,705,694.16

1,572,315.28

1,755,125.12

1,923,779.07

Loan Repayment
Interest
Profit after interest before tax
Tax @25%

866,035.30
216,508.82

460,000.00
501,687.50
744,006.66
186,001.67

460,000.00
467,187.50
645,127.78
161,281.94

460,000.00
432,687.50
862,437.62
215,609.40

460,000.00
398,187.50
1,065,591.57
266,397.89

Net profit after Tax

649,526.47

558,005.00

483,845.83

646,828.21

799,193.68

CROPS

Seed Purchases, Cleaning and Treatment

Fertilizer
Chemicals (Weed & Insect Sprays)

LIVESTOCK

Feed Purchases - Grain & Hay (BMC)

Feed Purchases - Commercial (BMC)
Salt, Minerals, Vitamins
Pasture maintanance
Containers and Twine
Breeding Fees, Vet Fees, Drugs
Purchase of Breeding Stock
Purchase of Market Livestock
Other Livestock Expenses

EQUIPMENT

Fuel, Oil, Grease

Equipment Repair
Custom Work

OTHER

Shop Supplies, Small Tools

Telephone
Labour
Building Insurance
Building and Fence Repairs
Vehicle Registration/Insurance
Professional Fees
Office Expenses
Other Farm Expenses
TOTAL FARM EXPENSES

FINANCING

1,894,982.40
189,498.24
104,224.03
2,874,857.63
5,063,562.30
1,665.00
17,460.00
5,238.00

Decown Botswana Beef Enterprise

Projected five year cashflow statement
Year

Cashflow from Operations

Profit for the year

649,526.47

558,005.00

483,845.83

646,828.21

799,193.68

Depreciation

610,084.31

547,973.56

492,349.47

442,494.47

125,333.58

Tax paid

216,508.82

186,001.67

161,281.94

215,609.40

266,397.89

501,687.50

467,187.50

432,687.50

398,187.50

1,793,667.73

1,604,664.75

1,737,619.59

1,589,112.65

-460,000

-460,000

-460,000

-460,000

Adjastment for:

Interest paid
Net cashflow from operations

1,476,119.60

Cash flow from investing activities

Loan capital repayment
Acquisition of Assets

Net cash flow from investing activities

-6,273,251

-6,273,251

-460,000

-460,000

-460,000

-460,000

Cashflow from Financing Activities

Loan from CEDA
Net cash flow from financing activities
Cash & cash equivalents
Opeing cash & cash equivalents
Closing cash & cash equivalents
Beginning cash balance
Closing cash and cash equivalents

6,900,000

6,900,000

2,102,869
2,102,869
2,102,869

1,333,668

1,144,665

1,277,620

1,129,113

2,102,869

3,436,537

4,581,202

5,858,821

3,436,537

4,581,202

5,858,821

6,987,934

2,102,869

5,539,406

10,120,607

15,979,428

5,539,406

10,120,607

15,979,428

22,967,362

Decowns Botswana Beef Enterprise

5 Year Balance sheet Projections
Year

1
BWP

2
BWP

3
BWP

4
BWP

5
BWP

Fixed Assets
Facilities
Machinery and equipment
Office equipment and furniture
Total fixed assets

2,545,000.00
3,482,355.57
29,395.00
6,056,750.57

2,290,500.00
3,134,120.01
22,046.25
5,446,666.26

2,061,450.00
2,820,708.01
16,534.69
4,898,692.70

1,855,305.00
2,538,637.21
12,401.02
4,406,343.23

1,669,774.50
2,284,773.49
9,300.76
3,963,848.75

Intermediate Assets
Breeding herd

2,170,000.00

2,278,500.00

2,392,425.00

2,512,046.25

2,637,648.56

2,102,869.03

3,436,536.76

4,581,201.51

5,858,821.10

6,987,933.76

Current Assets
Cash & cash equivalence
Debtors
Other recievables
Total current assets
Total assets

2,102,869.03

3,436,536.76

4,581,201.51

5,858,821.10

6,987,933.76

10,329,619.60

11,161,703.02

11,872,319.21

12,777,210.58

13,589,431.07

3,000.00

3,000.00

3,000.00

3,000.00

3,000.00

2,560,584.31
649,526.47

3,013,008.86
558,005.00

4,317,003.93
483,845.83

5,499,085.46
646,828.21

6,602,652.00
799,193.68

3,213,110.78

3,574,013.86

4,803,849.77

6,148,913.68

7,404,845.68

Equity & Liability

Equity
Issue Capital
Share premium
Returned earnings
Profit & Loss Acc
Total equity
Liabilities
Long term Liability
CEDA
Total long term
Short term
Part loan due
Interest due
Tax due
Total short term
Total liability
Total equity & liability

6,900,000.00

6,440,000.00

5,980,000.00

5,520,000.00

5,060,000.00

6,900,000.00

6,440,000.00

5,980,000.00

5,520,000.00

5,060,000.00

216,508.82

460,000.00
501,687.50
186,001.67

460,000.00
467,187.50
161,281.94

460,000.00
432,687.50
215,609.40

460,000.00
398,187.50
266,397.89

216,508.82

1,147,689.17

1,088,469.44

1,108,296.90

1,124,585.39

7,116,508.82
10,329,619.60

7,587,689.17
11,161,703.02

7,068,469.44
11,872,319.21

6,628,296.90
12,777,210.58

6,184,585.39
13,589,431.07

Decowns ( Beef Enterprise)

Loan Amortization Schedule for the CEDA Loan

MONTH

Opening balance
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90

6,900,000
6,861,667
6,823,333
6,785,000
6,746,667
6,708,333
6,670,000
6,631,667
6,593,333
6,555,000
6,516,667
6,478,333
6,440,000
6,401,667
6,363,333
6,325,000
6,286,667
6,248,333
6,210,000
6,171,667
6,133,333
6,095,000
6,056,667
6,018,333
5,980,000
5,941,667
5,903,333
5,865,000
5,826,667
5,788,333
5,750,000
5,711,667
5,673,333
5,635,000
5,596,667
5,558,333
5,520,000
5,481,667
5,443,333
5,405,000
5,366,667
5,328,333
5,290,000
5,251,667
5,213,333
5,175,000
5,136,667
5,098,333
5,060,000
5,021,667
4,983,333
4,945,000
4,906,667
4,868,333
4,830,000
4,791,667
4,753,333
4,715,000
4,676,667
4,638,333
4,600,000
4,561,667
4,523,333
4,485,000
4,446,667
4,408,333
4,370,000
4,331,667
4,293,333
4,255,000
4,216,667
4,178,333
4,140,000
4,101,667
4,063,333
4,025,000
3,986,667
3,948,333
3,910,000
3,871,667
3,833,333
3,795,000
3,756,667
3,718,333
3,680,000
3,641,667
3,603,333
3,565,000
3,526,667
3,488,333

Loan Amount
Annual Interest Rate
Loan Period in Years
Start Date of Loan

P6,900,000
12.0%
15
1/1/2010

Monthly Payment
Number of Payments
Total Interest
Total Cost of Loan

P38,333
120
P3,464,375
P8,064,375

Interest

Capital
43,125
42,885
42,646
42,406
42,167
41,927
41,688
41,448
41,208
40,969
40,729
40,490
40,250
40,010
39,771
39,531
39,292
39,052
38,813
38,573
38,333
38,094
37,854
37,615
37,375
37,135
36,896
36,656
36,417
36,177
35,938
35,698
35,458
35,219
34,979
34,740
34,500
34,260
34,021
33,781
33,542
33,302
33,063
32,823
32,583
32,344
32,104
31,865
31,625
31,385
31,146
30,906
30,667
30,427
30,188
29,948
29,708
29,469
29,229
28,990
28,750
28,510
28,271
28,031
27,792
27,552
27,313
27,073
26,833
26,594
26,354
26,115
25,875
25,635
25,396
25,156
24,917
24,677
24,438
24,198
23,958
23,719
23,479
23,240
23,000
22,760
22,521
22,281
22,042
21,802

Repayment
81,458
81,219
80,979
80,740
80,500
80,260
80,021
79,781
79,542
79,302
79,063
78,823
78,583
78,344
78,104
77,865
77,625
77,385
77,146
76,906
76,667
76,427
76,188
75,948
75,708
75,469
75,229
74,990
74,750
74,510
74,271
74,031
73,792
73,552
73,313
73,073
72,833
72,594
72,354
72,115
71,875
71,635
71,396
71,156
70,917
70,677
70,438
70,198
69,958
69,719
69,479
69,240
69,000
68,760
68,521
68,281
68,042
67,802
67,563
67,323
67,083
66,844
66,604
66,365
66,125
65,885
65,646
65,406
65,167
64,927
64,688
64,448
64,208
63,969
63,729
63,490
63,250
63,010
62,771
62,531
62,292
62,052
61,813
61,573
61,333
61,094
60,854
60,615
60,375
60,135

38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333

Closing balance
6,861,667
6,823,333
6,785,000
6,746,667
6,708,333
6,670,000
6,631,667
6,593,333
6,555,000
6,516,667
6,478,333
6,440,000
6,401,667
6,363,333
6,325,000
6,286,667
6,248,333
6,210,000
6,171,667
6,133,333
6,095,000
6,056,667
6,018,333
5,980,000
5,941,667
5,903,333
5,865,000
5,826,667
5,788,333
5,750,000
5,711,667
5,673,333
5,635,000
5,596,667
5,558,333
5,520,000
5,481,667
5,443,333
5,405,000
5,366,667
5,328,333
5,290,000
5,251,667
5,213,333
5,175,000
5,136,667
5,098,333
5,060,000
5,021,667
4,983,333
4,945,000
4,906,667
4,868,333
4,830,000
4,791,667
4,753,333
4,715,000
4,676,667
4,638,333
4,600,000
4,561,667
4,523,333
4,485,000
4,446,667
4,408,333
4,370,000
4,331,667
4,293,333
4,255,000
4,216,667
4,178,333
4,140,000
4,101,667
4,063,333
4,025,000
3,986,667
3,948,333
3,910,000
3,871,667
3,833,333
3,795,000
3,756,667
3,718,333
3,680,000
3,641,667
3,603,333
3,565,000
3,526,667
3,488,333
3,450,000

91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
165
166
167
168
169
170
171
172
173
174
175
176
177
178
179
180

3,450,000
3,411,667
3,373,333
3,335,000
3,296,667
3,258,333
3,220,000
3,181,667
3,143,333
3,105,000
3,066,667
3,028,333
2,990,000
2,951,667
2,913,333
2,875,000
2,836,667
2,798,333
2,760,000
2,721,667
2,683,333
2,645,000
2,606,667
2,568,333
2,530,000
2,491,667
2,453,333
2,415,000
2,376,667
2,338,333
2,300,000
2,261,667
2,223,333
2,185,000
2,146,667
2,108,333
2,070,000
2,031,667
1,993,333
1,955,000
1,916,667
1,878,333
1,840,000
1,801,667
1,763,333
1,725,000
1,686,667
1,648,333
1,610,000
1,571,667
1,533,333
1,495,000
1,456,667
1,418,333
1,380,000
1,341,667
1,303,333
1,265,000
1,226,667
1,188,333
1,150,000
1,111,667
1,073,333
1,035,000
996,667
958,333
920,000
881,667
843,333
805,000
766,667
728,333
690,000
651,667
613,333
575,000
536,667
498,333
460,000
421,667
383,333
345,000
306,667
268,333
230,000
191,667
153,333
115,000
76,667
38,333

21,563
21,323
21,083
20,844
20,604
20,365
20,125
19,885
19,646
19,406
19,167
18,927
18,688
18,448
18,208
17,969
17,729
17,490
17,250
17,010
16,771
16,531
16,292
16,052
15,813
15,573
15,333
15,094
14,854
14,615
14,375
14,135
13,896
13,656
13,417
13,177
12,938
12,698
12,458
12,219
11,979
11,740
11,500
11,260
11,021
10,781
10,542
10,302
10,063
9,823
9,583
9,344
9,104
8,865
8,625
8,385
8,146
7,906
7,667
7,427
7,188
6,948
6,708
6,469
6,229
5,990
5,750
5,510
5,271
5,031
4,792
4,552
4,313
4,073
3,833
3,594
3,354
3,115
2,875
2,635
2,396
2,156
1,917
1,677
1,438
1,198
958
719
479
240

59,896
59,656
59,417
59,177
58,938
58,698
58,458
58,219
57,979
57,740
57,500
57,260
57,021
56,781
56,542
56,302
56,063
55,823
55,583
55,344
55,104
54,865
54,625
54,385
54,146
53,906
53,667
53,427
53,188
52,948
52,708
52,469
52,229
51,990
51,750
51,510
51,271
51,031
50,792
50,552
50,313
50,073
49,833
49,594
49,354
49,115
48,875
48,635
48,396
48,156
47,917
47,677
47,438
47,198
46,958
46,719
46,479
46,240
46,000
45,760
45,521
45,281
45,042
44,802
44,563
44,323
44,083
43,844
43,604
43,365
43,125
42,885
42,646
42,406
42,167
41,927
41,688
41,448
41,208
40,969
40,729
40,490
40,250
40,010
39,771
39,531
39,292
39,052
38,813
38,573

38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333
38,333

3,411,667
3,373,333
3,335,000
3,296,667
3,258,333
3,220,000
3,181,667
3,143,333
3,105,000
3,066,667
3,028,333
2,990,000
2,951,667
2,913,333
2,875,000
2,836,667
2,798,333
2,760,000
2,721,667
2,683,333
2,645,000
2,606,667
2,568,333
2,530,000
2,491,667
2,453,333
2,415,000
2,376,667
2,338,333
2,300,000
2,261,667
2,223,333
2,185,000
2,146,667
2,108,333
2,070,000
2,031,667
1,993,333
1,955,000
1,916,667
1,878,333
1,840,000
1,801,667
1,763,333
1,725,000
1,686,667
1,648,333
1,610,000
1,571,667
1,533,333
1,495,000
1,456,667
1,418,333
1,380,000
1,341,667
1,303,333
1,265,000
1,226,667
1,188,333
1,150,000
1,111,667
1,073,333
1,035,000
996,667
958,333
920,000
881,667
843,333
805,000
766,667
728,333
690,000
651,667
613,333
575,000
536,667
498,333
460,000
421,667
383,333
345,000
306,667
268,333
230,000
191,667
153,333
115,000
76,667
38,333
0