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  • Interest Working

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    muhammad saad
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    This document contains interest calculations for multiple loans denominated in USD with principal amounts ranging from $500,000 to $13,000,000. It lists the interest rate, number of days in the interest period, calculated interest in USD and local currency equivalent in PKR for each loan. The total interest calculated across all loans for the period ending June 30, 2022 is PKR 165,884,501. Tax is also calculated at 15% and included in the amounts.

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    Interest working

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    This document contains interest calculations for multiple loans denominated in USD with principal amounts ranging from $500,000 to $13,000,000. It lists the interest rate, number of days in the interest period, calculated interest in USD and local currency equivalent in PKR for each loan. The total interest calculated across all loans for the period ending June 30, 2022 is PKR 165,884,501. Tax is also calculated at 15% and included in the amounts.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    Download as xlsx, pdf, or txt
    5 views11 pages

    Interest Working

    Uploaded by

    muhammad saad
    This document contains interest calculations for multiple loans denominated in USD with principal amounts ranging from $500,000 to $13,000,000. It lists the interest rate, number of days in the interest period, calculated interest in USD and local currency equivalent in PKR for each loan. The total interest calculated across all loans for the period ending June 30, 2022 is PKR 165,884,501. Tax is also calculated at 15% and included in the amounts.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 11

    Forever winner INTEREST CALCULATION & TAX

    Items Interest USD Payment USD Exchange rate Amount PKR Including Tax(10%) Comments

    Loan amount 13,000,000


    Interest Days（2018.07.23-2018.09.20）9+31+20 = 60Days Tax Payment of PKR998,061
    9,980,607
    using Ex.date dated 04Sep2018
    July23,2018 to September20,2018 interest rate 3.33531% 72,265.05 72,265.05 124.3 8,982,546

    Interest Days（2018.09.21-2018.11.09）10+31+9 = 50Days


    Tax Payment of PKR893,122
    8,931,224.00 using Ex.date dated 05 Nov 2018
    September 21,2018 - November 09,2018 interest rate 3.37263% 60,894.71 60,894.71 132 8,038,102

    Interest Days（2018.11.10-2019.06.30） =234 Days


    Tax Payment of PKR 5,008,461
    55,649,571.00
    November 10,2018 - 30 June 2019 interest rate =3.61413 305,393.99 305,393.99 164 50,084,614 using Ex.date dated 28 June 2019

    Interest Days（2019.07.01-2020.06.30） =366 Days


    Tax Payment of PKR
    82,323,504.00 7,409,115using Ex.date dated 30
    July 01 2019 - 30 June 2020 interest rate =3.33188 440,363.47 440,363.47 168.25 74,091,154 June 2020

    Interest Days（2020.07.01-2021.06.30） =365Days


    29,798,224.00
    July 01 2020 - 30 June 2021 interest rate =1.30375 169,951.85 169,951.85 157.8 26,818,402

    Interest Days（2021.07.01-2022.06.30） =365Days


    Ex Rate and LIBOR dated 30
    97,513,906.00
    July 01 2021 - 30 June 2022 interest rate =3.28514 june 2022
    427,068.20 427,068.20 205.5 87,762,515

    238,756,685
    3.28514

    72872184
    Prepared by Checked by Approved by
    Accrual for June
    2022 165,884,501
    502

    8900
    33210
    23910
    3900
    750
    Polly Supply Chain Management INTEREST CALCULATION & TAX

    Items Days Interest USD Payment USD

    Loan Amount= 109,780

    Interest Days（2022.03.15-2022.06.30） 107

    March 15 2022 -30 June 2022 interest rate =24% 7,723.70 7,723.70

    *Selling Rate used


    REST CALCULATION & TAX

    Exchange rate Amount PKR Including Tax(15%) Comments

    Ex.date dated 30
    1,867,318.00
    June 2022
    205.5 1,587,220

    1587220.30
    OLD CAPTAIN SHIPPING CORPORATION LIMITED INTEREST CALCULATION & TAX

    Items Interest rate Days Interest USD Payment USD Exchange rate

    Loan Amount= 500,000

    Interest Days（2022.04.14-2022.06.30） 78
    April 14 2022 -30 June 2022 interest rate
    4.28514% 4,578.64 4,578.64 205.5
    =2+2.28514 %

    Payment
    Items Interest rate Days Interest USD Exchange rate
    USD
    Loan Amount= 1,000,000

    Interest Days（2022.04.28-2022.06.30） 4.28514% 64 7,513.67 7,513.67 205.50

    April 28 2022 - 30 June 2022 interest rate


    =2+2.28514 %
    Payment
    Items Interest rate Days Interest USD Exchange rate
    USD
    Loan Amount= 1,000,000

    Interest Days（2022.05.09-2022.06.30） 4.28514% 53 6,222.26 6,222.26 205.50


    May 09 2022 -30 June 2022 interest rate
    =2+2.28514 %

    Payment
    Items Interest rate Days Interest USD Exchange rate
    USD
    Loan Amount= 1,000,000

    Interest Days（2022.05.11-2022.06.30）
    4.28514% 50 5,870.05 5,870.05 205.50
    May 11 2022 -30 June 2022 interest rate
    =2+2.28514 %

    Payment
    Items Interest rate Days Interest USD Exchange rate
    USD
    Loan Amount= 500,000

    Interest Days（2022.05.12-2022.06.30）
    4.28514% 49 2,876.33 2,876.33 205.50
    May 12 2022 -30 June 2022 interest rate
    =2+2.28514 %
    Payment
    Items Interest rate Days Interest USD Exchange rate
    USD
    Loan Amount= 500,000
    Interest Days（2022.05.13-2022.06.30）
    4.28514% 48 2,817.63 2,817.63 205.50
    May 13 2022 -30 June 2022 interest rate
    =2+2.28514 %

    Payment
    Items Interest rate Days Interest USD Exchange rate
    USD
    Loan Amount= 500,000
    Interest Days（2022.05.16-2022.06.30）
    4.28514% 45 2,641.52 2,641.52 205.50
    May 16 2022 -30 June 2022 interest rate
    =2+2.28514 %

    Total
    ST CALCULATION & TAX

    Amount PKR Including Tax(15%) Comments

    Ex.date dated 30 June 2022


    1,106,954.00
    940,911 Libor used of 30 June 2022

    Amount Including
    Comments
    PKR Tax(15%)

    Ex.date dated 30 June 2022


    1,544,059.00 1,816,540.00
    Libor used of 30 June 2022
    Amount Including
    Comments
    PKR Tax(15%)

    Ex.date dated 30 June 2022


    1,278,674.00 1,504,322.00
    Libor used of 30 June 2022

    Amount Including
    Comments
    PKR Tax(15%)

    Ex.date dated 30 June 2022


    1,206,296.00 1,419,172.00
    Libor used of 30 June 2022

    Amount Including
    Comments
    PKR Tax(15%)

    Ex.date dated 30 June 2022


    591,085.00 695,394.00
    Libor used of 30 June 2022
    Amount Including
    Comments
    PKR Tax(15%)
    Ex.date dated 30 June 2022
    579,022.00 681,202.00
    Libor used of 30 June 2022

    Amount Including
    Comments
    PKR Tax(15%)
    Ex.date dated 30 June 2022
    542,833.00 638,627.00
    Libor used of 30 June 2022

    7,862,211.00

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