Financing

Financing is available in FINANCE and ACCOUNTS only.

Financing

Cash Account

Specify the annual interest for respectively positive and negative amounts.

Hereto comes that it is possible to specify the content of the cash account at project start.

Financing – Loans, Owners capital etc

The number of financing elements in a project is unlimited.

Financing in an energyPRO project can take place by use of three basic elements: Loan, extraordinary income (e.g. a grant) or owner's capital. All these elements are added by selecting financing on the left-hand vertical menu and add new financing from the ribbon menu above. In all cases the same default editing window is shown, see below.

Description of financing

Type

There are five financing options available.

Three loan-types:

• Nominal Loan
• Foreign Loan
• Indexed Loan

Hereto comes

• Owners Capital
• Extraordinary income

If “Foreign Loan” or “Index Loan” is selected an index is required. This mean that an index established under “External conditions” has to be in place.

Amortization

There are three options available. “Annuity”, “Serial” and “User defined”. If “User defined” is chosen you get access to type in your own amounts for payments and Interest rate in the payment overview table at the bottom of the window.

Indexing booked as financial expenses

This option does appear when “Indexed loan” is selected in an ACCOUNTS-project.

The Indexing can be booked in one of the following ways:

• As a financial expenditure in the Income Statement
• As a fixed asset in the Balance sheet and depreciated through the loan period
• As a mixture of the above possibilities

The percentage stated indicates which of the possibilities you select. For instance, 40 % means, that 40 % of the indexing amount will be booked as a financial expenditure in the Income Statement while the rest will be booked as a fixed asset in the Balance sheet and depreciated through the loan period.

Disbursements

Disbursements are in calculations assumed to take place at the primo month.

Fees

In this table it is possible to type in as many fees as wanted. Give every fee a describing name.

The fee can be paid along with disbursements or repayments. For a loan with only one disbursement, this will typically be a fee connected to the creation of the loan. A fee paid at repayment could e.g. be a fee for administrating the loan.

Payment overview

This table is updated every time you alter one of the values above.

The total payment consists of interest, fee and instalment. The interest percentage stated in this table is the interest percentage for the settled period for payment calculated by use of the annual rate stated. The remaining debt is calculated as the remaining debt after the last payment minus the instalment. If the loan type is “Foreign Loan” or “Index Loan” the remaining debt will be increased by the selected index before calculating interest and a new remaining debt.

If user defined loan is chosen the three columns “Date”, “Total payment” and “Interest rate” will be accessible for input as shown on , see below.

Remark, it is possible to fill in a beginning remaining debt in the table.