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    Solar Power Doc 4

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    Sunil Peeroji
    The document provides financial information for a company over multiple years, including income tax payable, EBITDA, interest expenses, tax depreciation, annual taxable income, MAT credit balances, and depreciation calculations. It shows that the company had tax losses carried forward for several years but became profitable starting in FY2029-30, with income tax payable each year and a growing MAT credit balance.

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    © All Rights Reserved
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    Solar Power Doc 4

    Uploaded by

    Sunil Peeroji
    26 views4 pages
    The document provides financial information for a company over multiple years, including income tax payable, EBITDA, interest expenses, tax depreciation, annual taxable income, MAT credit balances, and depreciation calculations. It shows that the company had tax losses carried forward for several years but became profitable starting in FY2029-30, with income tax payable each year and a growing MAT credit balance.

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    Solar power doc 4

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    The document provides financial information for a company over multiple years, including income tax payable, EBITDA, interest expenses, tax depreciation, annual taxable income, MAT credit balances, and depreciation calculations. It shows that the company had tax losses carried forward for several years but became profitable starting in FY2029-30, with income tax payable each year and a growing MAT credit balance.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    26 views4 pages

    Solar Power Doc 4

    Uploaded by

    Sunil Peeroji
    The document provides financial information for a company over multiple years, including income tax payable, EBITDA, interest expenses, tax depreciation, annual taxable income, MAT credit balances, and depreciation calculations. It shows that the company had tax losses carried forward for several years but became profitable starting in FY2029-30, with income tax payable each year and a growing MAT credit balance.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 4

    Dep & Tax Schedule

    All Numbers in INR Crore


    Income Tax Payable 31/Mar/18 31/Mar/19 31/Mar/20 31/Mar/21
    EBITDA 15.44 30.43 29.96 29.48
    Interest on Term Loan 8.68 15.84 14.99 14.02
    Interest on Working Capital 0.11 0.16 0.21 0.21
    Tax Depreciation 17.27 32.21 27.86 24.10
    Annual taxable income (10.62) (17.79) (13.11) (8.86)
    less: carryforward of losses - (10.62) (7.17) (5.94)
    Taxable Income (10.62) (7.17) (5.94) (2.91)
    Income Tax Rate 33.99% 33.99% 33.99% 33.99%
    Income Tax as per IT Act - - - -

    Profit before tax 1.57 4.25 4.58 5.07


    MAT Rate 20.96% 20.96% 20.96% 20.96%
    Tax as per MAT Act 0.33 0.89 0.96 1.06

    Diff. to be set off - - - -


    MAT Credit earned 0.33 0.89 0.96 1.06
    MAT credit op. balance - 0.33 1.22 2.18
    MAT set off - - - -
    MAT credit cl. Balance 0.33 1.22 2.18 3.24
    MAT credit being lapsed
    Adjust. Of credit availed before lapsing
    MAT credit available after lapsed 0.33 1.22 2.18 3.24

    Income Tax Payable 0.33 0.89 0.96 1.06

    Depreciation Calculations 31/Mar/18 31/Mar/19 31/Mar/20 31/Mar/21


    Months of Operation 6 12 12 12
    Total Project Cost 255.88
    Book Dep Rate 3.98%
    Tax Dep Rate 13.50%
    Depreciatable Value 230.29

    Book Depreciation
    Op. Bal 255.88 250.79 240.62 230.45
    Less: Depreciation 5.09 10.17 10.17 10.17
    Cl. Bal 250.79 240.62 230.45 220.28

    Tax Depreciation
    Op. Bal 255.88 238.61 206.40 178.53
    Less: Depreciation 17.27 32.21 27.86 24.10
    Cl. Bal 238.61 206.40 178.53 154.43
    31/Mar/22 31/Mar/23 31/Mar/24 31/Mar/25 31/Mar/26 31/Mar/27 31/Mar/28
    28.99 28.48 27.96 27.43 26.88 26.32 25.74
    13.04 12.00 11.10 10.26 9.40 8.51 7.59
    0.21 0.21 0.21 0.21 0.21 0.20 0.20
    20.85 18.03 15.60 13.49 11.67 10.10 8.73
    (5.11) (1.76) 1.06 3.48 5.60 7.51 9.21
    (2.91) (2.20) - - - - -
    (2.20) 0.43 1.06 3.48 5.60 7.51 9.21
    33.99% 33.99% 33.99% 33.99% 33.99% 33.99% 33.99%
    - 0.15 0.36 1.18 1.91 2.55 3.13

    5.56 6.10 6.48 6.80 7.11 7.44 7.77


    20.96% 20.96% 20.96% 20.96% 20.96% 20.96% 20.96%
    1.17 1.28 1.36 1.42 1.49 1.56 1.63

    - - - - 0.42 0.99 1.50


    1.17 1.13 1.00 0.24 - - -
    3.24 4.41 5.54 6.54 6.78 6.37 5.37
    - - - - 0.42 0.99 1.50
    4.41 5.54 6.54 6.78 6.37 5.37 3.87
    0.33
    0.33
    4.41 5.54 6.54 6.78 6.37 5.37 3.87

    1.17 1.28 1.36 1.42 1.49 1.56 1.63

    31/Mar/22 31/Mar/23 31/Mar/24 31/Mar/25 31/Mar/26 31/Mar/27 31/Mar/28


    12 12 12 12 12 12 12

    220.28 210.11 199.94 189.77 179.60 169.42 159.25


    10.17 10.17 10.17 10.17 10.17 10.17 10.17
    210.11 199.94 189.77 179.60 169.42 159.25 149.08

    154.43 133.58 115.55 99.95 86.46 74.78 64.69


    20.85 18.03 15.60 13.49 11.67 10.10 8.73
    133.58 115.55 99.95 86.46 74.78 64.69 55.96
    31/Mar/29 31/Mar/30 31/Mar/31 31/Mar/32 31/Mar/33 31/Mar/34 31/Mar/35
    25.13 24.51 23.87 23.21 22.52 21.80 21.06
    6.60 5.57 4.50 3.38 2.20 0.97 0.08
    0.20 0.20 0.20 0.20 0.20 0.19 0.19
    7.55 6.53 5.65 4.89 4.23 1.51 -
    10.78 12.21 13.52 14.73 15.89 19.13 20.79
    - - - - - - -
    10.78 12.21 13.52 14.73 15.89 19.13 20.79
    33.99% 33.99% 33.99% 33.99% 33.99% 33.99% 33.99%
    3.66 4.15 4.60 5.01 5.40 6.50 7.07

    8.17 8.57 9.00 9.45 9.95 10.47 10.61


    20.96% 20.96% 20.96% 20.96% 20.96% 20.96% 20.96%
    1.71 1.80 1.89 1.98 2.09 2.19 2.22

    1.95 2.35 2.71 3.03 3.32 4.31 4.84


    - - - - - - -
    3.87 1.92 - - - - -
    1.95 1.92 - - - - -
    1.92 - - - - - -
    0.89 0.96 - - - - -
    0.89 0.96 - - - - -
    1.92 - - - - - -

    1.71 2.23 4.60 5.01 5.40 6.50 7.07

    31/Mar/29 31/Mar/30 31/Mar/31 31/Mar/32 31/Mar/33 31/Mar/34 31/Mar/35


    12 12 12 12 12 12 12

    149.08 138.91 128.74 118.57 108.40 98.23 88.05


    10.17 10.17 10.17 10.17 10.17 10.17 10.17
    138.91 128.74 118.57 108.40 98.23 88.05 77.88

    55.96 48.40 41.87 36.22 31.33 27.10 25.59


    7.55 6.53 5.65 4.89 4.23 1.51 -
    48.40 41.87 36.22 31.33 27.10 25.59 25.59
    31/Mar/36 31/Mar/37 31/Mar/38 31/Mar/39 31/Mar/40 31/Mar/41 31/Mar/42
    20.29 19.49 18.66 17.80 16.90 15.96 14.98
    - - - - - - -
    0.19 0.19 0.19 0.19 0.19 0.18 0.18
    - - - - - - -
    20.10 19.30 18.47 17.61 16.71 15.77 14.79
    - - - - - - -
    20.10 19.30 18.47 17.61 16.71 15.77 14.79
    33.99% 33.99% 33.99% 33.99% 33.99% 33.99% 33.99%
    6.83 6.56 6.28 5.99 5.68 5.36 5.03

    9.93 9.13 8.30 7.44 6.54 14.33 14.79


    20.96% 20.96% 20.96% 20.96% 20.96% 20.96% 20.96%
    2.08 1.91 1.74 1.56 1.37 3.00 3.10

    4.75 4.65 4.54 4.43 4.31 2.36 1.93


    - - - - - - -
    - - - - - - -
    - - - - - - -
    - - - - - - -
    - - - - - - -
    - - - - - - -
    - - - - - - -

    6.83 6.56 6.28 5.99 5.68 5.36 5.03

    31/Mar/36 31/Mar/37 31/Mar/38 31/Mar/39 31/Mar/40 31/Mar/41 31/Mar/42


    12 12 12 12 12 12 12

    77.88 67.71 57.54 47.37 37.20 27.03 25.59


    10.17 10.17 10.17 10.17 10.17 1.44 0.00
    67.71 57.54 47.37 37.20 27.03 25.59 25.59

    25.59 25.59 25.59 25.59 25.59 25.59 25.59


    - - - - - - -
    25.59 25.59 25.59 25.59 25.59 25.59 25.59

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