|
Table 1 |
Scenario
1 |
Scenario
2 |
|
€ |
€ |
|
|
Lease rental income |
4.000.000 |
4.000.000 |
|
Lease rental payment |
|
(3.800.000) |
|
Capital allowance (Tax depreciation) |
(3.300.000) |
- |
|
Loan interest |
(500.000) |
________- |
|
Gross profit |
200.000 |
200.000 |
|
Other tax deductible
expenses[1] |
(100.000) |
(100.000) |
|
Net profit |
100.000 |
100.000 |
|
Tax |
(10.000) |
(10.000) |
|
Retained earnings |
90.000 |
90.000 |