Data Given
Finance cost 5.00%
Company margin 1.50%
Client rate 6.50%
Asset value at Cost (CFA) 1,000,000
Leasing Agreement Date 11/3/2023
Asset Delivered 1/15/2024
Client's Advance payment date 1/1/2024
Advance payment % 10%
Lease term (years) 3.00
Payment Monthly
Asset Residual value 30%
Client's Cash payments are (CFA) 3/20/2024 80,000
6/10/2024 30,000
8/15/2024 83,095
Calculations given
Debt Payment
## Date Residual Debt Interest
depreciation schedule
01/15/2024 900,000 100,000
1 02/15/2024 877,384 22,616 4,968 27,585
2 03/15/2024 854,330 23,054 4,531 27,585
3 04/15/2024 831,461 22,869 4,716 27,585
4 05/15/2024 808,318 23,143 4,442 27,585
05/31/2024
5 06/15/2024 785,196 23,123 4,462 27,585
6 07/15/2024 761,806 23,390 4,195 27,585
7 08/15/2024 738,426 23,379 4,206 27,585
8 09/15/2024 714,918 23,508 4,077 27,585
9 10/15/2024 691,152 23,766 3,819 27,585
10 11/15/2024 667,383 23,769 3,816 27,585
11 12/15/2024 643,363 24,019 3,565 27,585
12 01/15/2025 619,330 24,033 3,552 27,585
13 02/15/2025 595,164 24,166 3,419 27,585
14 03/15/2025 570,547 24,617 2,968 27,585
15 04/15/2025 546,112 24,435 3,150 27,585
16 05/15/2025 521,444 24,667 2,918 27,585
17 06/15/2025 496,738 24,706 2,879 27,585
18 07/15/2025 471,807 24,931 2,654 27,585
19 08/15/2025 446,827 24,980 2,605 27,585
20 09/15/2025 421,709 25,118 2,467 27,585
21 10/15/2025 396,377 25,332 2,253 27,585
22 11/15/2025 370,980 25,397 2,188 27,585
23 12/15/2025 345,377 25,603 1,982 27,585
24 01/15/2026 319,699 25,678 1,907 27,585
25 02/15/2026 293,878 25,820 1,765 27,585
26 03/15/2026 267,759 26,120 1,465 27,585
27 04/15/2026 241,652 26,107 1,478 27,585
28 05/15/2026 215,358 26,294 1,291 27,585
29 06/15/2026 188,962 26,396 1,189 27,585
30 07/15/2026 162,387 26,575 1,010 27,585
31 08/15/2026 135,698 26,688 896 27,585
32 09/15/2026 108,862 26,836 749 27,585
33 10/15/2026 81,859 27,003 582 27,585
34 11/15/2026 54,726 27,133 452 27,585
35 12/15/2026 27,433 27,293 292 27,585
36 01/15/2027 300,000 27,433 151 27,585
Please provide/calculate
1. What is the correct date for Fin Lease recognition in the face of the BS
2. Provide the IFRS cash flow schedule for the whole period
3. Calculate net investment in lease @ 15.03.2024; 31.05.2024; 15.08.2024
4. Calculate the finance lease income @ 15.03.2024; 31.05.2024; 15.08.2024
5. Calculate the finance cost @ 15.03.2024; 31.05.2024; 15.08.2024
6. Calculate Net Interest Margin (NIM) for the whole period (in %) so that it is equal or close to 1.5% provided
7. Provide the journal entries @ 03.11.2023; 15.01.2024; 20.03.2024; 31.05.2024; 10.06.2024; 15.08.2024
8. Provide other relevant journal entries from 03.11.2023 till 15.08.2024
Required
BS Lease recognition date
NIM for the progect
Net Finance
IFRS CF Funding Net Interest
Investment in Lease
schedule Cost Income
lease interest
Journal entries to be posted
@ 11.03.2023
@ 15.01.2024
@ 20.03.2024
@ 31.05.2024
@ 10.06.2024
@ 15.08.2024
r close to 1.5% provided
06.2024; 15.08.2024
ntries to be posted
Please provide/calculate
1. What is the correct date for Fin Lease recognition in the face of the BS
2. Provide the IFRS cash flow schedule for the whole period
3. Calculate net investment in lease @ 15.03.2024; 31.05.2024; 15.08.2024
4. Calculate the finance lease income @ 15.03.2024; 31.05.2024; 15.08.2024
5. Calculate the finance cost @ 15.03.2024; 31.05.2024; 15.08.2024
6. Calculate Net Interest Margin (NIM) for the whole period (in %) so that it is equal or close to 1.5% provided
7. Provide the journal entries @ 03.11.2023; 15.01.2024; 20.03.2024; 31.05.2024; 10.06.2024; 15.08.2024
8. Provide other relevant journal entries from 03.11.2023 till 15.08.2024
