Page 61 - TIAMAT_Nov2018
P. 61
ANNUAL COSTS
Annual Maldives tax €.5 million euros (variable on income)
Annual Management fees to Maldives company €2.5 million per annum (set fee)
Annual Charter Fee commission for bookings €7 million per annum (20% fee on all charter sales)
Annual base running cost for island €4 million per annum (6% in ation)
Annual staff cost per annum €3, 5 million per annum (5% in ation
Total annual running costs for entire island post build is €17.5 million per annum)
Turnover on 30% charter occupancy per annum
plus Christmas and NYE 2 week charter is €40 million per annum
Turnover on 50% charter occupancy per annum
plus Christmas and NYE 2 week charter is €60 million per annum
Pro t level per annum is €22.5m - €42.5m p/a
Minimum of 10% rising to a level of 20% annual return on an investment of €230,000.000.00 Maximum capacity return at 90% occupancy €100m p/a with an annual return of 40%+
61
