Complete the following table showing the calculation of the Refinancing Gain share to the Authority and attach any other relevant calculations as appendices:
Description | Amount (£) | Notes (provide explanation) |
Distributions shown in the post-refinancing model - Nominal |
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Distributions shown in the pre-refinancing model - Nominal |
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Net present value of Distributions (Post Refinancing) |
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Net present value of Distributions (Pre Refinancing) |
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Total Refinancing Gain |
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Discount Rate |
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Original Threshold Equity IRR |
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Pre-Refinancing Equity IRR |
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Post-refinancing blended post-SPV tax IRR |
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Tax payments in the model - post-refinancing |
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Authority Share of Refinancing Gain |
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Authority Share of Refinancing Gain as a % |
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Provide evidence that the calculations have been reviewed, where applicable negotiated and signed off by appropriately qualified financial advisers.
Is any element of the gain exempt from gain-sharing, for example because the pre-refinancing IRR is below the Threshold Equity IRR? (See SOPC 35.4 and 35.5.3.1)