Financial Feasibility - Shankar Nagar

Development & Management of Club under Public Private Partnership AREA ASSUMPTIONS - CLUB

Total Area Available - Lawn 0.86 Acres

FAR 1.42

Ground Coverage 44.60%

Basement Area - Parking 13500 Sq.Ft.

Ground Floor 16500 Sq.Ft.

First Floor 13000 Sq.Ft.

Second Floor 13000 Sq.Ft.

Third Floor 9750 Sq.Ft.

Total Construction Area 65750 Sq.Ft.

AREA ASSUMPTIONS - COMMUNITY CENTRE

Total Area Available 10200 Sq. Ft.

Construction Area - Community Hall 4600 Sq. Ft.

Construction Area - Office cum Library 400 Sq. Ft.

Open Space 5200 Sq. Ft.

Revenue StreamsNo. of Rooms 20

Restaurant 1

Bar 1

Banquet 2

Lawn 1

Swimming Pool 1

Open Restaurant along Pool 1

Conference Hall 1

Sport Zone - Badminton, Table Tennis etc 5

Gym, Spa 1

Commercial Space/ Café 1

Community Centre 1

CAPITAL COST (Rs Lakh) Area Construction Cost/ Sq. Ft. Total Cost

Basement Parking 13,500.00 1,500 Rs / Sq. Ft. 20,250,000.00

Basement 13,500.00 20,250,000.00

Lobby 1,500.00 2,500 Rs / Sq. Ft. 3,750,000.00

Banquet Hall 6,000.00 2,500 Rs / Sq. Ft. 15,000,000.00

Restaurant 2,800.00 2,500 Rs / Sq. Ft. 7,000,000.00

Kitchen 600.00 2,500 Rs / Sq. Ft. 1,500,000.00

Lawn 10,000.00 300 Rs / Sq. Ft. 3,000,000.00

Swimming Pool 1,000.00 2,000 Rs / Sq. Ft. 2,000,000.00

Changing Room at Swimming Pool 400.00 1,500 Rs / Sq. Ft. 600,000.00

Gardan Along the Pool 1,500.00 300 Rs / Sq. Ft. 450,000.00

Cafeteria 500.00 2,000 Rs / Sq. Ft. 1,000,000.00

Commercisl Space 1,000.00 2,000 Rs / Sq. Ft. 2,000,000.00

Landscaping Etc. 4,700.00 300 Rs / Sq. Ft. 1,410,000.00

Utility, Internal Road etc 7,000.00 500 Rs / Sq. Ft. 3,500,000.00

Total area of Ground Floor 37,000.00 41,210,000.00

First Floor 13,000.00 2,500 Rs / Sq. Ft. 32,500,000.00

Second Floor 13,000.00 2,000 Rs / Sq. Ft. 26,000,000.00

Third Floor 9,750.00 2,500 Rs / Sq. Ft. 24,375,000.00

Total Construction Area 65,750.00 -

Cost of Dismental Existing Structure 150,000.00

Boundary Wall 800.00 800 Rs / Sq. Ft. 640,000.00

Sports Items, Electricity Installation 5,000,000.00

Community BuildingConstruction of Bhawan 4,600.00 2,000 Rs / Sq. Ft. 9,200,000.00

Library cum Office for Residents 400.00 1,200 Rs / Sq. Ft. 480,000.00

Electricity, Boundary Wall etc 500,000.00

Estimated Cost 160,305,000.00

Total Project Cost (in lacs) 1,603.05

Construction Year 1 2 3

Operation Year 0 0 1

OP COST (monthly basis) 01/01/2013 01/01/2014 01/01/2015

Inflation 5%

Max Annual Regular Maintenance 0.20%

Admin

No. of Employees @ 4 4

Employee Wage Rate @ 10000 /employee mnth 10000 10,500 11,025

Employee Cost 0.44

Total Elec Consumption (Vol) @ 10000 units / mnth 10000

Elec Rates @ 6.00 Rs/unit 6.00 6.30 6.62

Power Charges / month 0.66

Maintenance Rate@ Annual 0.20%

Maintenance @ Housekeeping / mnth 0.27

RESTAURANT

No. of Employees @ 15 15

Employee Wage Rate @ 8000 /employee mnth 8000 8,400 8,820

Head Chef 2 persons @ Rs. 20000/ chef 40000 in total 40000 42,000 44,100

Total Wages Employee - Restaurant mnth 176,400

Raw Material - Restaurant 45% on revenue from rest 429,048.90

Restaurant Total Cost /mnth - - 6.05

HOUSEKEEPING

No. of Employees Lower level@ 5 5

Employee Wage Rate @ 5000 5000 5,250 5,513

No. of Employee Mgmt level (Manager) 1 1

Employee Wage Rate @ Manager 25000 25000 26,250 27,563

Employee Cost - Housekeeping & Manager 55,125

Employee Cost (Except Restaurant) - - 11.91

Restaurant Combined Cost - - 72.65

Maintenance - - 3.21

Power - - 7.94

Sales & Marketing 5.00

Total Operation Cost - - 100.70

0 0 1

REVENUE 01/01/2013 01/01/2014 01/01/2015

CLUB MEMBERSHIP

Life Member

Life Membership Fees Fees 100,000 125,000

Life Membership 150 Members 150 Members 150

Yearly Increase up to 10 Years 15% by 3rd year 150

Yearly Fees Increase every 3rd year by 5% 6,000 6,000

Revenue Collection From Life Member Total Fees 19,650,000

Temporary / One Year Membership

Yearly Membership Fees Increase every 3rd year by 10% Fees 24,000 18,000

Yearly No. of Members Increase up to 10 years by 10% 150 Member 150

Yearly Increase up to 10 Years

Revenus Collectrion from Yel. Members Total Fees 2,700,000

Total Revenus from Club Membership Life + Temporary Total in Rs. 22,350,000

Total Revenus from Club Membership Life + Temporary In Lacs 223.50

HOTEL

Room Rent 3500 / room Average Rent 3500 3,675 3,859

No. of Rooms 20 20

OCCUPANCY

No. of PAX/ Room 2 2

Occupancy (Off Season) / day 40% 8

No. of Days / Year (Off Season) 146 146

Occupancy (Peak Season) / day 60% 12

No. of Days / Year (Peak Season) 219 219

Annual Occupancy - - 3,796

ADVERTISEMENT

Advt Rates 5000 /mnth 5000 5,250 5,513

No. of Advertisements 2 /mnth 2

Lawn

No. of Event in Lawn 20 / yr 20

Rent 10000 10,000

RESTAURANT 01/01/2013 01/01/2014 01/01/2015

No. Guests from Lodging 7592

No. of Average guests other than lodging (outside

guests, event in lawn & banquets )

@ 75 guests per day

for 360 days 27000

Total No. of Guests / yr 34592

Restaurant Revenue Rate 300 /Guests 300 315.00 330.75

BANQUET

Banquet Rent 10000 /day 10000 10,500.00 11,025.00

No. of Events & Shows 20 / yr 20

TOTAL REVENUE

Club Membership 223.50

Room Rent 146.48

Lawn 2.00

Restaurant - - 114.41

Advertisement 1.32

Banquet 2.21

Revenue from commercial space/café 3.00

Total Revenues - - 492.92

YEARLY REPAIR & MAINTENANCE 1

Rate of Maintenance 0.10% Increase by 10% every 3rd year -

PROFIT & LOSS A/C

Revenue - - 492.92

-

Net Revenue 492.92

Less : O&M Cost - - 100.70

Less : Periodic Maintenance - - -

Operating profit - - 392.21

Depreciation @ 3.34% 53.54

PBIT - - 338.67

Interest - - 168.32

PBT - - 170.35

Tax @ 32.45% - - -

PAT - - 170.35

Cash Accrual 223.89

`

4 5 6 7 8 9 10 11 12

2 3 4 5 6 7 8 9 10

01/01/2016 01/01/2017 01/01/2018 01/01/2019 01/01/2020 01/01/2021 01/01/2022 01/01/2023 01/01/2024

4 4 4 4 4 4 4 4 4

11,576 12,155 12,763 13,401 14,071 14,775 15,513 16,289 17,103

0.46 0.49 0.51 0.54 0.56 0.59 0.62 0.65 0.68

10000 10000 10000 10000 10000 10000 10000 10000 10000

6.95 7.29 7.66 8.04 8.44 8.86 9.31 9.77 10.26

0.69 0.73 0.77 0.80 0.84 0.89 0.93 0.98 1.03

0.20% 0.20% 0.20% 0.20% 0.20% 0.20% 0.20% 0.20% 0.20%

0.27 0.27 0.27 0.27 0.27 0.27 0.27 0.27 0.27

15 15 15 15 15 15 15 15 15

9,261 9,724 10,210 10,721 11,257 11,820 12,411 13,031 13,683

46,305 48,620 51,051 53,604 56,284 59,098 62,053 65,156 68,414

185,220 194,481 204,205 214,415 225,136 236,393 248,213 260,623 273,654

450,501.35 473,026.41 496,677.73 521,511.62 547,587.20 574,966.56 603,714.89 633,900.63 665,595.66

6.36 6.68 7.01 7.36 7.73 8.11 8.52 8.95 9.39

5 5 5 5 5 5 5 5 5

5,788 6,078 6,381 6,700 7,036 7,387 7,757 8,144 8,552

1 1 1 1 1 1 1 1 1

28,941 30,388 31,907 33,502 35,178 36,936 38,783 40,722 42,758

57,881 60,775 63,814 67,005 70,355 73,873 77,566 81,445 85,517

12.50 13.13 13.78 14.47 15.20 15.96 16.75 17.59 18.47

76.29 80.10 84.11 88.31 92.73 97.36 102.23 107.34 112.71

3.21 3.21 3.21 3.21 3.21 3.21 3.21 3.21 3.21

8.33 8.75 9.19 9.65 10.13 10.64 11.17 11.73 12.31

3.00 2.00 2.10 2.21 2.32 2.43 2.55 2.68 2.81

103.33 107.19 112.39 117.84 123.58 129.59 135.91 142.55 149.52

2 3 4 5 6 7 8 9 10

01/01/2016 01/01/2017 01/01/2018 01/01/2019 01/01/2020 01/01/2021 01/01/2022 01/01/2023 01/01/2024

150,000 175,000 175,000 192,500 192,500 211,750 211,750 232,925 232,925

175 200 230 265 304 350 402 463 532

25 25 30 35 40 46 52 60 69

6,000 6,600.00 6,600.00 6,600.00 7,260.00 7,260.00 7,260.00 7,986.00 7,986.00

4,800,000 5,695,000 6,768,000 8,386,950 9,845,748 12,200,916 14,031,053 17,749,282 20,411,674

18,000 19,800 19,800 19,800 21,780 21,780 21,780 23,958 23,958

200 250 275 303 333 366 403 443 487

3,600,000 4,950,000 5,445,000 5,989,500 7,247,295 7,972,025 8,769,227 10,610,765 11,671,841

8,400,000 10,645,000 12,213,000 14,376,450 17,093,043 20,172,940 22,800,280 28,360,046 32,083,515

84.00 106.45 122.13 143.76 170.93 201.73 228.00 283.60 320.84

4,052 4,254 4,467 4,690 4,925 5,171 5,430 5,701 5,986

20 20 20 20 20 20 20 20 20

2 2 2 2 2 2 2 2 2

8 8 8 8 8 8 8 8 8

146 146 146 146 146 146 146 146 146

12 12 12 12 12 12 12 12 12

219 219 219 219 219 219 219 219 219

3,796 3,796 3,796 3,796 3,796 3,796 3,796 3,796 3,796

5,788 6,078 6,381 6,700 7,036 7,387 7,757 8,144 8,552

2 2 2 4 4 4 4 4 8

20 20 20 20 20 20 22 22 22

10,500 11,025 11,576 12,155 12,763 13,401 14,071 14,775 15,513

01/01/2016 01/01/2017 01/01/2018 01/01/2019 01/01/2020 01/01/2021 01/01/2022 01/01/2023 01/01/2024

7592 7592 7592 7592 7592 7592 7592 7592 7592

27000 27000 27000 27000 27000 27000 27000 27000 27000

34592 34592 34592 34592 34592 34592 34592 34592 34592

347.29 364.65 382.88 402.03 422.13 443.24 465.40 488.67 513.10

11,576 12,155.06 12,762.82 13,400.96 14,071.00 14,774.55 15,513.28 16,288.95 17,103.39

20 20 20 20 20 20 20 20 20

84.00 106.45 122.13 143.76 170.93 201.73 228.00 283.60 320.84

153.80 161.49 169.57 178.05 186.95 196.29 206.11 216.41 227.24

2.10 2.21 2.32 2.43 2.55 2.68 3.10 3.25 3.41

120.13 126.14 132.45 139.07 146.02 153.32 160.99 169.04 177.49

1.39 1.46 1.53 3.22 3.38 3.55 3.72 3.91 8.21

2.32 2.43 2.55 2.68 2.81 2.95 3.10 3.26 3.42

3.15 3.31 3.47 3.65 3.83 4.02 4.22 4.43 4.65

366.89 403.48 434.02 472.85 516.47 564.55 609.25 683.91 745.26

2 3 4 5 6 7 8 9 10

- 1.60 1.60 1.76 1.76 1.76 1.94 1.94 1.94

366.89 403.48 434.02 472.85 516.47 564.55 609.25 683.91 745.26

- - - - - - - - -

366.89 403.48 434.02 472.85 516.47 564.55 609.25 683.91 745.26

103.33 107.19 112.39 117.84 123.58 129.59 135.91 142.55 149.52

- 1.60 1.60 1.76 1.76 1.76 1.94 1.94 1.94

263.56 294.70 320.03 353.25 391.13 433.19 471.39 539.42 593.80

53.54 53.54 53.54 53.54 53.54 53.54 53.54 53.54 53.54

210.02 241.15 266.49 299.70 337.59 379.65 417.85 485.87 540.26

163.06 147.28 126.24 105.20 84.16 63.12 42.08 21.04 5.25

46.96 93.87 140.25 194.50 253.43 316.53 375.77 464.83 535.01

- - - - - - - 150.84 173.61

46.96 93.87 140.25 194.50 253.43 316.53 375.77 314.00 361.40

100.50 147.42 193.79 248.05 306.97 370.07 429.31 367.54 414.94

13 14 15 16 17 18 19 20 21

11 12 13 14 15 16 17 18 19

01/01/2025 01/01/2026 01/01/2027 01/01/2028 01/01/2029 01/01/2030 01/01/2031 01/01/2032 01/01/2033

4 4 4 4 4 4 4 4 4

17,959 18,856 19,799 20,789 21,829 22,920 24,066 25,270 26,533

0.72 0.75 0.79 0.83 0.87 0.92 0.96 1.01 1.06

10000 10000 10000 10000 10000 10000 10000 10000 10000

10.78 11.31 11.88 12.47 13.10 13.75 14.44 15.16 15.92

1.08 1.13 1.19 1.25 1.31 1.38 1.44 1.52 1.59

0.20% 0.20% 0.20% 0.20% 0.20% 0.20% 0.20% 0.20% 0.20%

0.27 0.27 0.27 0.27 0.27 0.27 0.27 0.27 0.27

15 15 15 15 15 15 15 15 15

14,367 15,085 15,839 16,631 17,463 18,336 19,253 20,216 21,226

71,834 75,426 79,197 83,157 87,315 91,681 96,265 101,078 106,132

287,337 301,704 316,789 332,629 349,260 366,723 385,059 404,312 424,528

698,875.45 733,819.22 770,510.18 809,035.69 849,487.47 891,961.85 936,559.94 983,387.94 1,032,557.33

9.86 10.36 10.87 11.42 11.99 12.59 13.22 13.88 14.57

5 5 5 5 5 5 5 5 5

8,979 9,428 9,900 10,395 10,914 11,460 12,033 12,635 13,266

1 1 1 1 1 1 1 1 1

44,896 47,141 49,498 51,973 54,572 57,300 60,165 63,174 66,332

89,793 94,282 98,997 103,946 109,144 114,601 120,331 126,348 132,665

19.40 20.37 21.38 22.45 23.58 24.75 25.99 27.29 28.66

118.35 124.26 130.48 137.00 143.85 151.04 158.59 166.52 174.85

3.21 3.21 3.21 3.21 3.21 3.21 3.21 3.21 3.21

12.93 13.58 14.26 14.97 15.72 16.50 17.33 18.19 19.10

2.95 3.10 3.26 3.42 3.59 3.77 3.96 4.16 4.37

156.83 164.51 172.58 181.05 189.94 199.28 209.08 219.37 230.18

11 12 13 14 15 16 17 18 19

01/01/2025 01/01/2026 01/01/2027 01/01/2028 01/01/2029 01/01/2030 01/01/2031 01/01/2032 01/01/2033

256,218 256,218 281,839 281,839 310,023 310,023 341,025 341,025 375,128

532 532 532 532 532 532 532 532 532

- - - - - - - - -

7,986.00 8,784.60 8,784.60 8,784.60 9,663.06 9,663.06 9,663.06 10,629.37 10,629.37

4,248,584 4,673,442 4,673,442 4,673,442 5,140,786 5,140,786 5,140,786 5,654,865 5,654,865

23,958 26,354 26,354 26,354 28,989 28,989 28,989 31,888 31,888

536 589 648 713 785 863 949 1,044 1,149

12,839,025 15,535,220 17,088,743 18,797,617 22,745,116 25,019,628 27,521,591 33,301,125 36,631,237

17,087,609 20,208,663 21,762,185 23,471,059 27,885,903 30,160,414 32,662,377 38,955,990 42,286,102

170.88 202.09 217.62 234.71 278.86 301.60 326.62 389.56 422.86

6,285 6,600 6,930 7,276 7,640 8,022 8,423 8,844 9,287

20 20 20 20 20 20 20 20 20

2 2 2 2 2 2 2 2 2

8 8 8 8 8 8 8 8 8

146 146 146 146 146 146 146 146 146

12 12 12 12 12 12 12 12 12

219 219 219 219 219 219 219 219 219

3,796 3,796 3,796 3,796 3,796 3,796 3,796 3,796 3,796

8,979 9,428 9,900 10,395 10,914 11,460 12,033 12,635 13,266

8 8 8 8 10 10 10 10 10

22 22 22 22 22 22 22 26 26

16,289 17,103 17,959 18,856 19,799 20,789 21,829 22,920 24,066

01/01/2025 01/01/2026 01/01/2027 01/01/2028 01/01/2029 01/01/2030 01/01/2031 01/01/2032 01/01/2033

7592 7592 7592 7592 7592 7592 7592 7592 7592

27000 27000 27000 27000 27000 27000 27000 27000 27000

34592 34592 34592 34592 34592 34592 34592 34592 34592

538.76 565.69 593.98 623.68 654.86 687.61 721.99 758.09 795.99

17,958.56 18,856.49 19,799.32 20,789.28 21,828.75 22,920.18 24,066.19 25,269.50 26,532.98

20 20 20 20 20 20 20 20 20

170.88 202.09 217.62 234.71 278.86 301.60 326.62 389.56 422.86

238.60 250.53 263.05 276.21 290.02 304.52 319.74 335.73 352.52

3.58 3.76 3.95 4.15 4.36 4.57 4.80 6.05 6.35

186.37 195.69 205.47 215.74 226.53 237.86 249.75 262.24 275.35

8.62 9.05 9.50 9.98 13.10 13.75 14.44 15.16 15.92

3.59 3.77 3.96 4.16 4.37 4.58 4.81 5.05 5.31

4.89 5.13 5.39 5.66 5.94 6.24 6.55 6.88 7.22

616.52 670.02 708.95 750.60 823.16 873.12 926.72 1,020.67 1,085.53

11 12 13 14 15 16 17 18 19

2.13 2.13 2.35 2.35 2.35 2.58 2.84 2.84 3.12

616.52 670.02 708.95 750.60 823.16 873.12 926.72 1,020.67 1,085.53

- - - - - - - - -

616.52 670.02 708.95 750.60 823.16 873.12 926.72 1,020.67 1,085.53

156.83 164.51 172.58 181.05 189.94 199.28 209.08 219.37 230.18

2.13 2.13 2.35 2.35 2.35 2.58 2.84 2.84 3.12

457.56 503.37 534.02 567.21 630.88 671.27 714.80 798.46 852.22

53.54 53.54 53.54 53.54 53.54 53.54 53.54 53.54 53.54

404.01 449.83 480.48 513.67 577.34 617.73 661.26 744.92 798.68

-0.01 -0.01 -0.01 -0.01 -0.01 -0.01 -0.01 -0.01 -0.01

404.03 449.84 480.49 513.68 577.35 617.74 661.27 744.93 798.69

131.11 145.97 155.92 166.69 187.35 200.46 214.58 241.73 259.18

272.92 303.87 324.57 346.99 390.00 417.28 446.69 503.20 539.52

326.46 357.41 378.11 400.53 443.54 470.82 500.23 556.74 593.06

22 23 24 25 26 27 28 29 30

20 21 22 23 24 25 26 27 28

01/01/2034 01/01/2035 01/01/2036 01/01/2037 01/01/2038 01/01/2039 01/01/2040 01/01/2041 01/01/2042

4 4 4 4 4 4 4 4 4

27,860 29,253 30,715 32,251 33,864 35,557 37,335 39,201 41,161

1.11 1.17 1.23 1.29 1.35 1.42 1.49 1.57 1.65

10000 10000 10000 10000 10000 10000 10000 10000 10000

16.72 17.55 18.43 19.35 20.32 21.33 22.40 23.52 24.70

1.67 1.76 1.84 1.94 2.03 2.13 2.24 2.35 2.47

0.20% 0.20% 0.20% 0.20% 0.20% 0.20% 0.20% 0.20% 0.20%

0.27 0.27 0.27 0.27 0.27 0.27 0.27 0.27 0.27

15 15 15 15 15 15 15 15 15

22,288 23,402 24,572 25,801 27,091 28,445 29,868 31,361 32,929

111,439 117,010 122,861 129,004 135,454 142,227 149,338 156,805 164,645

445,754 468,042 491,444 516,016 541,817 568,908 597,353 627,221 658,582

1,084,185.20 1,138,394.46 1,195,314.18 1,255,079.89 1,317,833.89 1,383,725.58 1,452,911.86 1,525,557.46 1,601,835.33

15.30 16.06 16.87 17.71 18.60 19.53 20.50 21.53 22.60

5 5 5 5 5 5 5 5 5

13,930 14,626 15,358 16,125 16,932 17,778 18,667 19,601 20,581

1 1 1 1 1 1 1 1 1

69,649 73,132 76,788 80,627 84,659 88,892 93,336 98,003 102,903

139,298 146,263 153,576 161,255 169,318 177,784 186,673 196,006 205,807

30.09 31.59 33.17 34.83 36.57 38.40 40.32 42.34 44.45

183.59 192.77 202.41 212.53 223.16 234.32 246.03 258.33 271.25

3.21 3.21 3.21 3.21 3.21 3.21 3.21 3.21 3.21

20.06 21.06 22.11 23.22 24.38 25.60 26.88 28.22 29.64

4.58 4.81 5.05 5.31 5.57 5.85 6.14 6.45 6.77

241.53 253.45 265.96 279.10 292.89 307.37 322.58 338.55 355.32

20 21 22 23 24 25 26 27 28

01/01/2034 01/01/2035 01/01/2036 01/01/2037 01/01/2038 01/01/2039 01/01/2040 01/01/2041 01/01/2042

375,128 412,641 412,641 453,905 453,905 499,295 499,295 549,225 549,225

532 532 532 532 532 532 532 532 532

- - - - - - - - -

10,629.37 11,692.30 11,692.30 11,692.30 12,861.53 12,861.53 12,861.53 14,147.69 14,147.69

5,654,865 6,220,351 6,220,351 6,220,351 6,842,387 6,842,387 6,842,387 7,526,625 7,526,625

31,888 35,077 35,077 35,077 38,585 38,585 38,585 42,443 42,443

1,264 1,264 1,264 1,264 1,264 1,264 1,264 1,264 1,264

40,294,361 44,323,797 44,323,797 44,323,797 48,756,177 48,756,177 48,756,177 53,631,794 53,631,794

45,949,226 50,544,149 50,544,149 50,544,149 55,598,563 55,598,563 55,598,563 61,158,420 61,158,420

459.49 505.44 505.44 505.44 555.99 555.99 555.99 611.58 611.58

9,751 10,238 10,750 11,288 11,852 12,445 13,067 13,720 14,406

20 20 20 20 20 20 20 20 20

2 2 2 2 2 2 2 2 2

8 8 8 8 8 8 8 8 8

146 146 146 146 146 146 146 146 146

12 12 12 12 12 12 12 12 12

219 219 219 219 219 219 219 219 219

3,796 3,796 3,796 3,796 3,796 3,796 3,796 3,796 3,796

13,930 14,626 15,358 16,125 16,932 17,778 18,667 19,601 20,581

12 12 12 12 12 15 15 15 15

26 26 26 26 26 26 26 26 32

25,270 26,533 27,860 29,253 30,715 32,251 33,864 35,557 37,335

01/01/2034 01/01/2035 01/01/2036 01/01/2037 01/01/2038 01/01/2039 01/01/2040 01/01/2041 01/01/2042

7592 7592 7592 7592 7592 7592 7592 7592 7592

27000 27000 27000 27000 27000 27000 27000 27000 27000

34592 34592 34592 34592 34592 34592 34592 34592 34592

835.79 877.58 921.46 967.53 1,015.91 1,066.70 1,120.04 1,176.04 1,234.84

27,859.63 29,252.61 30,715.24 32,251.00 33,863.55 35,556.73 37,334.56 39,201.29 41,161.36

20 20 20 20 20 20 20 20 20

459.49 505.44 505.44 505.44 555.99 555.99 555.99 611.58 611.58

370.14 388.65 408.08 428.49 449.91 472.41 496.03 520.83 546.87

6.67 7.00 7.35 7.72 8.11 8.51 8.94 9.39 11.83

289.12 303.57 318.75 334.69 351.42 368.99 387.44 406.82 427.16

20.06 21.06 22.11 23.22 24.38 32.00 33.60 35.28 37.05

5.57 5.85 6.14 6.45 6.77 7.11 7.47 7.84 8.23

7.58 7.96 8.36 8.78 9.21 9.68 10.16 10.67 11.20

1,158.63 1,239.54 1,276.25 1,314.79 1,405.80 1,454.69 1,499.62 1,602.40 1,653.92

20 21 22 23 24 25 26 27 28

3.12 3.44 3.44 3.44 3.78 3.78 4.16 4.16 4.57

1,158.63 1,239.54 1,276.25 1,314.79 1,405.80 1,454.69 1,499.62 1,602.40 1,653.92

- - - - - - - - -

1,158.63 1,239.54 1,276.25 1,314.79 1,405.80 1,454.69 1,499.62 1,602.40 1,653.92

241.53 253.45 265.96 279.10 292.89 307.37 322.58 338.55 355.32

3.12 3.44 3.44 3.44 3.78 3.78 4.16 4.16 4.57

913.98 982.66 1,006.85 1,032.25 1,109.13 1,143.53 1,172.88 1,259.69 1,294.02

53.54 53.54 53.54 53.54 53.54 53.54 53.54 53.54 53.54

860.44 929.12 953.31 978.71 1,055.58 1,089.99 1,119.34 1,206.15 1,240.48

-0.01 -0.01 -0.01 -0.01 -0.01 -0.01 -0.01 -0.01 -0.01

860.45 929.13 953.32 978.72 1,055.60 1,090.00 1,119.35 1,206.16 1,240.49

279.22 301.50 309.35 317.60 342.54 353.71 363.23 391.40 402.54

581.23 627.63 643.97 661.13 713.06 736.30 756.12 814.76 837.95

634.78 681.17 697.51 714.67 766.60 789.84 809.66 868.31 891.50

31 32 33

29 30 31

01/01/2043 01/01/2044 01/01/2045

4 4 4

43,219 45,380 47,649

1.73 1.82 1.91

10000 10000 10000

25.93 27.23 28.59

2.59 2.72 2.86

0.20% 0.20% 0.20%

0.27 0.27 0.27

15 15 15

34,576 36,304 38,120

172,878 181,522 190,598

691,511 726,086 762,391

1,681,927.09 1,766,023.45 1,854,324.62

23.73 24.92 26.17

5 5 5

21,610 22,690 23,825

1 1 1

108,049 113,451 119,124

216,097 226,902 238,247

46.68 49.01 51.46

284.81 299.05 314.01

3.21 3.21 3.21

31.12 32.67 34.31

7.11 7.47 7.84

372.92 391.41 410.82

29 30 31

01/01/2043 01/01/2044 01/01/2045

604,147 604,147 664,562

532 532 532

- - -

14,147.69 15,562.45 15,562.45

7,526,625 8,279,288 8,279,288

42,443 46,687 46,687

1,264 1,264 1,264

53,631,794 58,994,974 58,994,974

61,158,420 67,274,262 67,274,262

611.58 672.74 672.74

15,127 15,883 16,677

20 20 20

2 2 2

8 8 8

146 146 146

12 12 12

219 219 219

3,796 3,796 3,796

21,610 22,690 23,825

15 20 20

32 32 32

39,201 41,161 43,219

01/01/2043 01/01/2044 01/01/2045

7592 7592 7592

27000 27000 27000

34592 34592 34592

1,296.58 1,361.41 1,429.48

43,219.42 45,380.39 47,649.41

20 20 20

611.58 672.74 672.74

574.21 602.92 633.07

12.42 13.04 13.69

448.51 470.94 494.49

38.90 54.46 57.18

8.64 9.08 9.53

11.76 12.35 12.97

1,706.03 1,835.53 1,893.67

29 30 31

4.57 5.03 5.03

1,706.03 1,835.53 1,893.67

- - -

1,706.03 1,835.53 1,893.67

372.92 391.41 410.82

4.57 5.03 5.03

1,328.53 1,439.09 1,477.81

53.54 53.54 53.54

1,274.99 1,385.54 1,424.27

-0.01 -0.01 -0.01

1,275.00 1,385.56 1,424.29

413.74 449.61 462.18

861.27 935.94 962.10

914.81 989.49 1,015.65