Khanya Eggs Business Plan — Appendix C: Debt Schedules
Loan-by-loan drawdown, interest and amortisation schedules across the staged funding ladder.
Appendix C: Debt Schedules
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- Overview & contents
- i. Important Notice
- 1. Executive Summary
- 2. The South African Egg Market
- 3. Avian Influenza: The Risk That Defines This Business
- 4. SWOT and Competitive Position
- 5. The Five-Stage Roadmap
- 6. The Funding Ladder
- 7. Flock Performance
- 8. Feed Strategy
- 9. Point-of-Lay Pullet Sourcing
- 10. Biosecurity
- 11. Route to Market and Pricing
- 12. Operations and People
- 13. Regulation and Compliance
- 14. Unit Economics
- 15. Capital Expenditure
- 16. Financial Projections
- 17. Break-Even
- 18. Sensitivity and the Grant Question
- 19. Risk Management
- 20. Implementation Roadmap
- 21. Returns
- 22. Key Performance Indicators
- 23. Key Assumptions
- 24. Conclusion
- A. Appendix A: Consolidated Financial Summary
- B. Appendix B: Stage Capital Schedules
- C. Appendix C: Debt Schedules
- D. Appendix D: Risk Register
- E. Appendix E: Funding Application Checklist
- F. Appendix F: Glossary
- C.1 Stage 1 facility — R400'000 at 11.0%
- C.2 Stage 2 facility — R1 000'000 at 11.0%
- C.3 Stage 3 facility — R1 600'000 at 7.0%
- C.4 Stage 4 facility — R3 000'000 at 6.5%
- C.5 Stage 5 facility — R3 250'000 at 9.0%
- C.6 Combined debt schedule
- C.7 No-grant sensitivity, combined
Each tranche is drawn at the start of its stage, carries a one-year capital moratorium and amortises over seven years thereafter. Interest in the year of drawdown is charged on a half-year basis to reflect progressive deployment.
C.1 Stage 1 facility — R400'000 at 11.0%
|
R’000 |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
|---|---|---|---|---|---|
|
Interest |
22 |
44 |
44 |
40 |
35 |
|
Principal repaid |
— |
— |
41 |
45 |
50 |
|
Closing balance |
400 |
400 |
359 |
314 |
263 |
C.2 Stage 2 facility — R1 000'000 at 11.0%
|
R’000 |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
|---|---|---|---|---|---|
|
Interest |
— |
55 |
110 |
110 |
99 |
|
Principal repaid |
— |
— |
— |
102 |
114 |
|
Closing balance |
— |
1 000 |
1 000 |
898 |
784 |
C.3 Stage 3 facility — R1 600'000 at 7.0%
|
R’000 |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
|---|---|---|---|---|---|
|
Interest |
— |
— |
56 |
112 |
112 |
|
Principal repaid |
— |
— |
— |
— |
185 |
|
Closing balance |
— |
— |
1 600 |
1 600 |
1 415 |
C.4 Stage 4 facility — R3 000'000 at 6.5%
|
R’000 |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
|---|---|---|---|---|---|
|
Interest |
— |
— |
— |
98 |
195 |
|
Principal repaid |
— |
— |
— |
— |
— |
|
Closing balance |
— |
— |
— |
3 000 |
3 000 |
C.5 Stage 5 facility — R3 250'000 at 9.0%
|
R’000 |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
|---|---|---|---|---|---|
|
Interest |
— |
— |
— |
— |
146 |
|
Principal repaid |
— |
— |
— |
— |
— |
|
Closing balance |
— |
— |
— |
— |
3 250 |
C.6 Combined debt schedule
|
R’000 |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
|---|---|---|---|---|---|
|
Loans drawn in the year |
400 |
1 000 |
1 600 |
3 000 |
3 250 |
|
Total interest |
22 |
99 |
210 |
359 |
586 |
|
Total principal repaid |
— |
— |
41 |
148 |
349 |
|
Total debt service |
22 |
99 |
251 |
507 |
935 |
|
Total debt outstanding |
400 |
1 400 |
2 959 |
5 812 |
8 713 |
|
EBITDA cover |
— |
— |
0.85x |
3.00x |
5.42x |
C.7 No-grant sensitivity, combined
|
R’000 |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
|---|---|---|---|---|---|
|
Loans drawn in the year |
500 |
1 250 |
2 200 |
4 300 |
4 650 |
|
Total interest |
28 |
124 |
314 |
665 |
1 137 |
|
Total principal repaid |
— |
— |
51 |
184 |
430 |
|
Total debt service |
28 |
124 |
365 |
849 |
1 567 |
|
Total debt outstanding |
500 |
1 750 |
3 899 |
8 014 |
12 235 |
|
EBITDA cover |
— |
— |
0.58x |
1.79x |
3.23x |