Sakhile Construction Business Plan — Appendix C: Funding and Debt Schedules
Facility-by-facility drawdown, interest and amortisation schedules across asset finance and the discounting facility.
Appendix C: Funding and Debt Schedules
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- Overview & contents
- i. Important Notice
- 1. Executive Summary
- 2. The CIDB Grading Ladder
- 3. The Market in 2026
- 4. Strategy: Private Work First
- 5. SWOT and Competitive Position
- 6. The Working Capital Problem
- 7. Retention and Guarantees
- 8. Unit Economics of a Contract
- 9. The Five-Year Roadmap and Gates
- 10. Funding
- 11. Estimating and Contract Control
- 12. People and Plant
- 13. Compliance and Registrations
- 14. Financial Projections
- 15. Break-Even
- 16. Sensitivity and Scenarios
- 17. Risk Management
- 18. Implementation Timeline
- 19. Returns
- 20. Key Performance Indicators
- 21. Key Assumptions
- 22. Conclusion
- A. Appendix A: Consolidated Financial Summary
- B. Appendix B: Capital Schedules
- C. Appendix C: Funding and Debt Schedules
- D. Appendix D: Risk Register
- E. Appendix E: Glossary
- C.1 Equity
- C.2 Asset finance
- C.3 Invoice discounting facility
- C.4 Combined finance cost and debt
C.1 Equity
|
R’000 |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
Total |
|---|---|---|---|---|---|---|
|
Founder equity |
3 200 |
— |
— |
— |
— |
3 200 |
|
Growth equity |
— |
— |
6 500 |
— |
— |
6 500 |
|
Total equity introduced |
3 200 |
— |
6 500 |
— |
— |
9 700 |
|
Cumulative retained earnings |
(706) |
(1 573) |
(2 498) |
(2 983) |
(2 917) |
|
|
Shareholders’ funds |
2 494 |
1 627 |
7 202 |
6 717 |
6 783 |
C.2 Asset finance
Each tranche is drawn at the start of the year and amortised on a straight-line capital basis over five years at 12.5 per cent, with interest charged on the average balance.
|
R’000 |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
|---|---|---|---|---|---|
|
Opening balance |
— |
896 |
1 296 |
2 436 |
3 596 |
|
Drawn in the year |
1 120 |
780 |
1 900 |
2 400 |
3 200 |
|
Interest at 12.5% |
126 |
186 |
352 |
527 |
732 |
|
Capital repaid |
(224) |
(380) |
(760) |
(1 240) |
(1 880) |
|
Closing balance |
896 |
1 296 |
2 436 |
3 596 |
4 916 |
C.3 Invoice discounting facility
|
R’000 |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
|---|---|---|---|---|---|
|
Certified trade debtors |
524 |
1 309 |
2 759 |
5 021 |
7 722 |
|
Drawn at 85% advance |
445 |
1 113 |
2 345 |
4 268 |
6 564 |
|
Net movement in the year |
445 |
668 |
1 232 |
1 923 |
2 296 |
|
Interest at 14.5% |
32 |
113 |
251 |
479 |
785 |
|
Service fee at 0.85% of certificates |
36 |
81 |
162 |
289 |
442 |
|
Undrawn against the R7.50m limit |
7 055 |
6 387 |
5 155 |
3 232 |
936 |
|
Utilisation of limit |
5.9% |
14.8% |
31.3% |
56.9% |
87.5% |
C.4 Combined finance cost and debt
|
R’000 |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
|---|---|---|---|---|---|
|
Asset finance interest |
126 |
186 |
352 |
527 |
732 |
|
Invoice discounting interest |
32 |
113 |
251 |
479 |
785 |
|
Discounting service fee |
36 |
81 |
162 |
289 |
442 |
|
Total finance cost |
194 |
380 |
765 |
1 295 |
1 959 |
|
Asset finance capital repaid |
224 |
380 |
760 |
1 240 |
1 880 |
|
Total debt service |
418 |
760 |
1 525 |
2 535 |
3 839 |
|
Asset finance outstanding |
896 |
1 296 |
2 436 |
3 596 |
4 916 |
|
Invoice discounting drawn |
445 |
1 113 |
2 345 |
4 268 |
6 564 |
|
Total debt outstanding |
1 341 |
2 409 |
4 781 |
7 864 |
11 480 |
|
Less cash |
(1 583) |
(429) |
(5 666) |
(4 552) |
(3 651) |
|
Net debt |
-242 |
1 980 |
-885 |
3 312 |
7 829 |
|
Gearing, debt to debt plus equity |
35.0% |
59.7% |
39.9% |
53.9% |
62.9% |