Page 16 - Longyard - Information Memorandum_Neat
P. 16
FINANCIAL INFORMATION
The purpose of presenting the financial information in this section is to provide investors with an
overview of the expected sources and application of funds for the Syndicate and the target returns for the
Syndicate.
Whilst the Syndicate Manager is of the opinion that the target returns are based on reasonable grounds,
they may be affected by known or unknown risks and uncertainties and by changes to circumstances. The
estimated costs and targets shown may therefore differ materially from the final results ultimately
achieved for the Syndicate and Investors.
The modelling has been prepared based on a phased development of 5 phases over a 4 year term with
each phase being completed within around 9 months. The initial phase will include preliminary civil works
required for the total development. Future development costs will partially reliant on past sales but profit
distributions will be made as they are available.
Acquisition and Development Costs
The costs associated with this development are estimated by the Syndicate Manager to be as follows:
Acquisition Summary
Purchase date (assumed) 1 February 2018
Source of Funds
Equity $ 4,500,000
Debt $ 11,382,000
Sales revenue $ 11,151,000
Total $ 27,033,000
Use of Funds
Land $ 4,500,000
Stamp Duty $ 202,740
Professional fees $ 990,300
Statutory fees $ 888,900
Civil works $ 2,524,000
Construction (net) $ 17,247,660
Finance costs $ 415,000
Holding costs $ 264,400
Total $ 27,033,000
