PROCESS TITLE: MONTHLY LOAN STATEMENT AND PROCESS OVERVIEW

PROCESS REFERENCE: 04-LOANS-0001

DOCUMENT SUMMARY

PROCESS GROUP TREASURY

OWNER
TARGET TREASURY
AUDIENCE ASSISTANT
SYSTEM
AUTHOR LISA KOCHANEK
REVIEWER ANTHONY
MERCER
VERSION 1.2
PUBLISH DATE
REVIEW DATE

VERSION CONTROL

1.1
1.2
 LOAN FACILITY STATEMENT 2-093

Facility Detail Lender STA Travel International Ltd - Air (HO Ledger)
Priory House
1
6 Wrights Lane
London
W8 6TA
UK
2
Borrower IEP New Zealand Ltd (Ledger Code: IBN)
Level 10, 220 Queen
Auckland
New Zealand

Facility Size NZD 2,000,000 Interest Format Rate set in Advance 3m NZD Interbank Offer Rate plus 3%
Reset Freq In advance on: 30-Jun-16 30-Sep-16 31-Dec-16 31-Mar-17
3 Start Date
Maturity Date
30-Jun-16
30-Jun-17
Calc. Basis
Settlement Basis
Actual/ 360
In arrears at faclity maturity
Facility Term (D) 360 Settlement Date To be agreed at maturity by both parties
WHT Rate 10.00%

LOAN ACTIVTY & INTEREST CALCULATION

Period Oct 2016

Interest Accrued Loan Movements Cumulative Loan
Interest Accrued To Interest Day Count Interest rate Accrued Interest WHT Offset Net Interest Comment
From Balance
Ccy Ccy Amount Trans XR Loan Ccy Loan Amount
30-Sep-16 01-Oct-16 NZD - 1.0000 NZD - 934,742.78 1 5.25000% 136.32 (13.63) 122.68 Loan Acount Balance Carried Forward
01-Oct-16 31-Oct-16 NZD 11,285.54 1.0000 NZD 11,285.54 946,028.32 30 5.25000% 4,138.87 (413.89) 3,724.99 Q3 interest capitalised
31-Oct-16 31-Oct-16 NZD (4,929.00) 1.0000 NZD (4,929.00) 941,099.32 0 5.25000% - - - unpaid trading balance NZ
NZD - 941,099.32 0 5.25000% - - -
NZD - 941,099.32 0 5.25000% - - -
4 5 NZD
NZD
-
-
941,099.32
941,099.32
0
0
5.25000%
5.25000%
-
-
-
-
-
-
NZD
NZD
-
-
941,099.32
941,099.32
0
0
5.25000%
5.25000%
-
-
7 -
-
-
-
8
NZD - 941,099.32 0 5.25000% - - -
Total movement on loan in period NZD 6,356.54

Closing Facility Usage NZD 941,099.32 6

9 Interest Balance carried forward 12,539.49 (1,253.95) 11,285.54
Total Interest Paid in Period (12,539.49) 1,253.95 (11,285.54)
Total Interest Accrued in Period
Accrued Interest at period end
4,275.19
4,275.19
(427.52)
(427.52)
3,847.67
3,847.67
10
Signature Panel

Name: Name:

Role: Role:

Signature Signature

For an on behalf of: STA Travel International Ltd - Air (HO Ledger) For an on behalf of: IEP New Zealand Ltd (Ledger Code: IBN)

Please return your signed agreement to us by e-mail or upload them onto the shared drive before reporting monthly results as per the Group Reporting timetable.
Emai: group.treasury@statravel.com
1. Loan statement number.

The loan statement number format contains:

- A series number that indicates loan type

1-Long Term Loans
2-GA is the lender
3-GA is the borrower
4-External STA Borrower
5-External STA Lender
6-Intercompany none GA
- The position number as per Loans Register

2. Lender and Borrower details

3. Loan details as per loan agreement
4. Date of each loan movement, it is used for interest calculation. If there are no movements on the current period, the interest is calculated for the carried
forward balance. The calculation period starts with the last day of the previous month and ends with the last day of the month. The interest day count column
is a dependant for this area of the loan and the total from this column should be equal to the number of days of the current month. This is a way to ensure that
“Interest accrued from” and “Interest accrued to” columns were corrected and completely updated.
5. Loan movements, reflecting all cash and non-cash movements of the current month. Each movement is reflected using the transaction currency. If this is not
the loan currency, the amount will be converted to loan currency using the prior month transactional exchange rate.
6. Interest rate, as per loan agreement
7. Withholding tax, as per loan agreement
8. Comments, a short description for each cash/non-cash item
9. Closing balance for the current month
10. Interest calculation summary
 Check completeness of Create a new monthly
cash items updates version of Intercompany
tracker
If quarter end, capture
interest rates for loan Divisions
interest rates reset submit
Post non-cash journals intercompany
for P-1 Divisions to balances
submit
signed
loans
Update
statements
loans
statements
with non- Create and
cash items circulate
and publish loans matrix
drafts Loan statements roll-
over Cash items weekly
Post interest update
journals Cash items weekly
Cash items weekly
update
update

Respond to
queries

Post amendments

WD1 WD2 WD3 WD4 WD5 WD9 WD11 WD18 LAST WD OF THE MTH