FRA-OFF Active
Frankfurt office | Mainturm Immobilien | Konark Europe GmbH (EUR)
Initial lease liability1,156,948.81
Initial ROU asset1,186,948.81
Liability today402,294.08current 265,038.88 / non-current 137,255.20
ROU asset today356,084.65
Undiscounted payments1,302,400.00
Terms
- Commencement
- 01 Apr 2023
- Term
- 60 months (modelled 60) to 31 Mar 2028
- Payment
- 22,000.00 monthly, in advance
- Escalation
- 5% every 3 years
- Rent-free
- 2 months
- Discount rate
- 4.700%
- Initial direct costs / incentives
- 0.00 / 0.00
- Prepaid / restoration
- 0.00 / 30,000.00
- Exemption
- None (on balance sheet)
- Options
- None
Amortisation schedule
| # | Period | Rate | Liability opening | Remeasure | Interest | Payment | Liability closing | ROU opening | Remeasure | Depreciation | ROU closing |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Apr 2023 | 4.700% | 1,156,948.81 | 0.00 | 4,531.38 | 0.00 | 1,161,480.19 | 1,186,948.81 | 0.00 | 19,782.48 | 1,167,166.33 |
| 2 | May 2023 | 4.700% | 1,161,480.19 | 0.00 | 4,549.13 | 0.00 | 1,166,029.32 | 1,167,166.33 | 0.00 | 19,782.48 | 1,147,383.85 |
| 3 | Jun 2023 | 4.700% | 1,166,029.32 | 0.00 | 4,480.78 | 22,000.00 | 1,148,510.10 | 1,147,383.85 | 0.00 | 19,782.48 | 1,127,601.37 |
| 4 | Jul 2023 | 4.700% | 1,148,510.10 | 0.00 | 4,412.16 | 22,000.00 | 1,130,922.26 | 1,127,601.37 | 0.00 | 19,782.48 | 1,107,818.89 |
| 5 | Aug 2023 | 4.700% | 1,130,922.26 | 0.00 | 4,343.28 | 22,000.00 | 1,113,265.54 | 1,107,818.89 | 0.00 | 19,782.48 | 1,088,036.41 |
| 6 | Sep 2023 | 4.700% | 1,113,265.54 | 0.00 | 4,274.12 | 22,000.00 | 1,095,539.66 | 1,088,036.41 | 0.00 | 19,782.48 | 1,068,253.93 |
| 7 | Oct 2023 | 4.700% | 1,095,539.66 | 0.00 | 4,204.70 | 22,000.00 | 1,077,744.36 | 1,068,253.93 | 0.00 | 19,782.48 | 1,048,471.45 |
| 8 | Nov 2023 | 4.700% | 1,077,744.36 | 0.00 | 4,135.00 | 22,000.00 | 1,059,879.36 | 1,048,471.45 | 0.00 | 19,782.48 | 1,028,688.97 |
| 9 | Dec 2023 | 4.700% | 1,059,879.36 | 0.00 | 4,065.03 | 22,000.00 | 1,041,944.39 | 1,028,688.97 | 0.00 | 19,782.48 | 1,008,906.49 |
| 10 | Jan 2024 | 4.700% | 1,041,944.39 | 0.00 | 3,994.78 | 22,000.00 | 1,023,939.17 | 1,008,906.49 | 0.00 | 19,782.48 | 989,124.01 |
| 11 | Feb 2024 | 4.700% | 1,023,939.17 | 0.00 | 3,924.26 | 22,000.00 | 1,005,863.43 | 989,124.01 | 0.00 | 19,782.48 | 969,341.53 |
| 12 | Mar 2024 | 4.700% | 1,005,863.43 | 0.00 | 3,853.47 | 22,000.00 | 987,716.90 | 969,341.53 | 0.00 | 19,782.48 | 949,559.05 |
| 13 | Apr 2024 | 4.700% | 987,716.90 | 0.00 | 3,782.39 | 22,000.00 | 969,499.29 | 949,559.05 | 0.00 | 19,782.48 | 929,776.57 |
| 14 | May 2024 | 4.700% | 969,499.29 | 0.00 | 3,711.04 | 22,000.00 | 951,210.33 | 929,776.57 | 0.00 | 19,782.48 | 909,994.09 |
| 15 | Jun 2024 | 4.700% | 951,210.33 | 0.00 | 3,639.41 | 22,000.00 | 932,849.74 | 909,994.09 | 0.00 | 19,782.48 | 890,211.61 |
| 16 | Jul 2024 | 4.700% | 932,849.74 | 0.00 | 3,567.49 | 22,000.00 | 914,417.23 | 890,211.61 | 0.00 | 19,782.48 | 870,429.13 |
| 17 | Aug 2024 | 4.700% | 914,417.23 | 0.00 | 3,495.30 | 22,000.00 | 895,912.53 | 870,429.13 | 0.00 | 19,782.48 | 850,646.65 |
| 18 | Sep 2024 | 4.700% | 895,912.53 | 0.00 | 3,422.82 | 22,000.00 | 877,335.35 | 850,646.65 | 0.00 | 19,782.48 | 830,864.17 |
| 19 | Oct 2024 | 4.700% | 877,335.35 | 0.00 | 3,350.06 | 22,000.00 | 858,685.41 | 830,864.17 | 0.00 | 19,782.48 | 811,081.69 |
| 20 | Nov 2024 | 4.700% | 858,685.41 | 0.00 | 3,277.02 | 22,000.00 | 839,962.43 | 811,081.69 | 0.00 | 19,782.48 | 791,299.21 |
| 21 | Dec 2024 | 4.700% | 839,962.43 | 0.00 | 3,203.69 | 22,000.00 | 821,166.12 | 791,299.21 | 0.00 | 19,782.48 | 771,516.73 |
| 22 | Jan 2025 | 4.700% | 821,166.12 | 0.00 | 3,130.07 | 22,000.00 | 802,296.19 | 771,516.73 | 0.00 | 19,782.48 | 751,734.25 |
| 23 | Feb 2025 | 4.700% | 802,296.19 | 0.00 | 3,056.16 | 22,000.00 | 783,352.35 | 751,734.25 | 0.00 | 19,782.48 | 731,951.77 |
| 24 | Mar 2025 | 4.700% | 783,352.35 | 0.00 | 2,981.96 | 22,000.00 | 764,334.31 | 731,951.77 | 0.00 | 19,782.48 | 712,169.29 |
| 25 | Apr 2025 | 4.700% | 764,334.31 | 0.00 | 2,907.48 | 22,000.00 | 745,241.79 | 712,169.29 | 0.00 | 19,782.48 | 692,386.81 |
| 26 | May 2025 | 4.700% | 745,241.79 | 0.00 | 2,832.70 | 22,000.00 | 726,074.49 | 692,386.81 | 0.00 | 19,782.48 | 672,604.33 |
| 27 | Jun 2025 | 4.700% | 726,074.49 | 0.00 | 2,757.63 | 22,000.00 | 706,832.12 | 672,604.33 | 0.00 | 19,782.48 | 652,821.85 |
| 28 | Jul 2025 | 4.700% | 706,832.12 | 0.00 | 2,682.26 | 22,000.00 | 687,514.38 | 652,821.85 | 0.00 | 19,782.48 | 633,039.37 |
| 29 | Aug 2025 | 4.700% | 687,514.38 | 0.00 | 2,606.60 | 22,000.00 | 668,120.98 | 633,039.37 | 0.00 | 19,782.48 | 613,256.89 |
| 30 | Sep 2025 | 4.700% | 668,120.98 | 0.00 | 2,530.64 | 22,000.00 | 648,651.62 | 613,256.89 | 0.00 | 19,782.48 | 593,474.41 |
| 31 | Oct 2025 | 4.700% | 648,651.62 | 0.00 | 2,454.39 | 22,000.00 | 629,106.01 | 593,474.41 | 0.00 | 19,782.48 | 573,691.93 |
| 32 | Nov 2025 | 4.700% | 629,106.01 | 0.00 | 2,377.83 | 22,000.00 | 609,483.84 | 573,691.93 | 0.00 | 19,782.48 | 553,909.45 |
| 33 | Dec 2025 | 4.700% | 609,483.84 | 0.00 | 2,300.98 | 22,000.00 | 589,784.82 | 553,909.45 | 0.00 | 19,782.48 | 534,126.97 |
| 34 | Jan 2026 | 4.700% | 589,784.82 | 0.00 | 2,223.82 | 22,000.00 | 570,008.64 | 534,126.97 | 0.00 | 19,782.48 | 514,344.49 |
| 35 | Feb 2026 | 4.700% | 570,008.64 | 0.00 | 2,146.37 | 22,000.00 | 550,155.01 | 514,344.49 | 0.00 | 19,782.48 | 494,562.01 |
| 36 | Mar 2026 | 4.700% | 550,155.01 | 0.00 | 2,068.61 | 22,000.00 | 530,223.62 | 494,562.01 | 0.00 | 19,782.48 | 474,779.53 |
| 37 | Apr 2026 | 4.700% | 530,223.62 | 0.00 | 1,986.23 | 23,100.00 | 509,109.85 | 474,779.53 | 0.00 | 19,782.48 | 454,997.05 |
| 38 | May 2026 | 4.700% | 509,109.85 | 0.00 | 1,903.54 | 23,100.00 | 487,913.39 | 454,997.05 | 0.00 | 19,782.48 | 435,214.57 |
| 39 | Jun 2026 | 4.700% | 487,913.39 | 0.00 | 1,820.52 | 23,100.00 | 466,633.91 | 435,214.57 | 0.00 | 19,782.48 | 415,432.09 |
| 40 | Jul 2026 | 4.700% | 466,633.91 | 0.00 | 1,737.17 | 23,100.00 | 445,271.08 | 415,432.09 | 0.00 | 19,782.48 | 395,649.61 |
| 41 | Aug 2026 | 4.700% | 445,271.08 | 0.00 | 1,653.50 | 23,100.00 | 423,824.58 | 395,649.61 | 0.00 | 19,782.48 | 375,867.13 |
| 42 | Sep 2026 | 4.700% | 423,824.58 | 0.00 | 1,569.50 | 23,100.00 | 402,294.08 | 375,867.13 | 0.00 | 19,782.48 | 356,084.65 |
| 43 | Oct 2026 | 4.700% | 402,294.08 | 0.00 | 1,485.18 | 23,100.00 | 380,679.26 | 356,084.65 | 0.00 | 19,782.48 | 336,302.17 |
| 44 | Nov 2026 | 4.700% | 380,679.26 | 0.00 | 1,400.52 | 23,100.00 | 358,979.78 | 336,302.17 | 0.00 | 19,782.48 | 316,519.69 |
| 45 | Dec 2026 | 4.700% | 358,979.78 | 0.00 | 1,315.53 | 23,100.00 | 337,195.31 | 316,519.69 | 0.00 | 19,782.48 | 296,737.21 |
| 46 | Jan 2027 | 4.700% | 337,195.31 | 0.00 | 1,230.21 | 23,100.00 | 315,325.52 | 296,737.21 | 0.00 | 19,782.48 | 276,954.73 |
| 47 | Feb 2027 | 4.700% | 315,325.52 | 0.00 | 1,144.55 | 23,100.00 | 293,370.07 | 276,954.73 | 0.00 | 19,782.48 | 257,172.25 |
| 48 | Mar 2027 | 4.700% | 293,370.07 | 0.00 | 1,058.56 | 23,100.00 | 271,328.63 | 257,172.25 | 0.00 | 19,782.48 | 237,389.77 |
| 49 | Apr 2027 | 4.700% | 271,328.63 | 0.00 | 972.23 | 23,100.00 | 249,200.86 | 237,389.77 | 0.00 | 19,782.48 | 217,607.29 |
| 50 | May 2027 | 4.700% | 249,200.86 | 0.00 | 885.56 | 23,100.00 | 226,986.42 | 217,607.29 | 0.00 | 19,782.48 | 197,824.81 |
| 51 | Jun 2027 | 4.700% | 226,986.42 | 0.00 | 798.56 | 23,100.00 | 204,684.98 | 197,824.81 | 0.00 | 19,782.48 | 178,042.33 |
| 52 | Jul 2027 | 4.700% | 204,684.98 | 0.00 | 711.21 | 23,100.00 | 182,296.19 | 178,042.33 | 0.00 | 19,782.48 | 158,259.85 |
| 53 | Aug 2027 | 4.700% | 182,296.19 | 0.00 | 623.52 | 23,100.00 | 159,819.71 | 158,259.85 | 0.00 | 19,782.48 | 138,477.37 |
| 54 | Sep 2027 | 4.700% | 159,819.71 | 0.00 | 535.49 | 23,100.00 | 137,255.20 | 138,477.37 | 0.00 | 19,782.48 | 118,694.89 |
| 55 | Oct 2027 | 4.700% | 137,255.20 | 0.00 | 447.11 | 23,100.00 | 114,602.31 | 118,694.89 | 0.00 | 19,782.48 | 98,912.41 |
| 56 | Nov 2027 | 4.700% | 114,602.31 | 0.00 | 358.38 | 23,100.00 | 91,860.69 | 98,912.41 | 0.00 | 19,782.48 | 79,129.93 |
| 57 | Dec 2027 | 4.700% | 91,860.69 | 0.00 | 269.31 | 23,100.00 | 69,030.00 | 79,129.93 | 0.00 | 19,782.48 | 59,347.45 |
| 58 | Jan 2028 | 4.700% | 69,030.00 | 0.00 | 179.89 | 23,100.00 | 46,109.89 | 59,347.45 | 0.00 | 19,782.48 | 39,564.97 |
| 59 | Feb 2028 | 4.700% | 46,109.89 | 0.00 | 90.12 | 23,100.00 | 23,100.01 | 39,564.97 | 0.00 | 19,782.48 | 19,782.49 |
| 60 | Mar 2028 | 4.700% | 23,100.01 | 0.00 | (0.01) | 23,100.00 | 0.00 | 19,782.49 | 0.00 | 19,782.49 | 0.00 |
Journal entries
| Date | Entry | Account | Debit | Credit | Status |
|---|---|---|---|---|---|
| 01 Apr 2023 | Initial recognition | Right-of-use asset | 1,186,948.81 | Posted | |
| Lease liability | 1,156,948.81 | ||||
| Restoration provision | 30,000.00 | ||||
| 30 Apr 2023 | Interest, month 1 | Interest expense - leases | 4,531.38 | Posted | |
| Lease liability | 4,531.38 | ||||
| 30 Apr 2023 | Depreciation, month 1 | Depreciation expense - ROU | 19,782.48 | Posted | |
| Accumulated depreciation - ROU | 19,782.48 | ||||
| 31 May 2023 | Interest, month 2 | Interest expense - leases | 4,549.13 | Posted | |
| Lease liability | 4,549.13 | ||||
| 31 May 2023 | Depreciation, month 2 | Depreciation expense - ROU | 19,782.48 | Posted | |
| Accumulated depreciation - ROU | 19,782.48 | ||||
| 30 Jun 2023 | Interest, month 3 | Interest expense - leases | 4,480.78 | Posted | |
| Lease liability | 4,480.78 | ||||
| 30 Jun 2023 | Lease payment, month 3 | Lease liability | 22,000.00 | Posted | |
| Cash / bank | 22,000.00 | ||||
| 30 Jun 2023 | Depreciation, month 3 | Depreciation expense - ROU | 19,782.48 | Posted | |
| Accumulated depreciation - ROU | 19,782.48 | ||||
| 31 Jul 2023 | Interest, month 4 | Interest expense - leases | 4,412.16 | Posted | |
| Lease liability | 4,412.16 | ||||
| 31 Jul 2023 | Lease payment, month 4 | Lease liability | 22,000.00 | Posted | |
| Cash / bank | 22,000.00 | ||||
| 31 Jul 2023 | Depreciation, month 4 | Depreciation expense - ROU | 19,782.48 | Posted | |
| Accumulated depreciation - ROU | 19,782.48 | ||||
| 31 Aug 2023 | Interest, month 5 | Interest expense - leases | 4,343.28 | Posted | |
| Lease liability | 4,343.28 | ||||
| 31 Aug 2023 | Lease payment, month 5 | Lease liability | 22,000.00 | Posted | |
| Cash / bank | 22,000.00 | ||||
| 31 Aug 2023 | Depreciation, month 5 | Depreciation expense - ROU | 19,782.48 | Posted | |
| Accumulated depreciation - ROU | 19,782.48 | ||||
| 30 Sep 2023 | Interest, month 6 | Interest expense - leases | 4,274.12 | Posted | |
| Lease liability | 4,274.12 | ||||
| 30 Sep 2023 | Lease payment, month 6 | Lease liability | 22,000.00 | Posted | |
| Cash / bank | 22,000.00 | ||||
| 30 Sep 2023 | Depreciation, month 6 | Depreciation expense - ROU | 19,782.48 | Posted | |
| Accumulated depreciation - ROU | 19,782.48 | ||||
| 31 Oct 2023 | Interest, month 7 | Interest expense - leases | 4,204.70 | Posted | |
| Lease liability | 4,204.70 | ||||
| 31 Oct 2023 | Lease payment, month 7 | Lease liability | 22,000.00 | Posted | |
| Cash / bank | 22,000.00 | ||||
| 31 Oct 2023 | Depreciation, month 7 | Depreciation expense - ROU | 19,782.48 | Posted | |
| Accumulated depreciation - ROU | 19,782.48 | ||||
| 30 Nov 2023 | Interest, month 8 | Interest expense - leases | 4,135.00 | Posted | |
| Lease liability | 4,135.00 | ||||
| 30 Nov 2023 | Lease payment, month 8 | Lease liability | 22,000.00 | Posted | |
| Cash / bank | 22,000.00 | ||||
| 30 Nov 2023 | Depreciation, month 8 | Depreciation expense - ROU | 19,782.48 | Posted | |
| Accumulated depreciation - ROU | 19,782.48 | ||||
| 31 Dec 2023 | Interest, month 9 | Interest expense - leases | 4,065.03 | Posted | |
| Lease liability | 4,065.03 | ||||
| 31 Dec 2023 | Lease payment, month 9 | Lease liability | 22,000.00 | Posted | |
| Cash / bank | 22,000.00 | ||||
| 31 Dec 2023 | Depreciation, month 9 | Depreciation expense - ROU | 19,782.48 | Posted | |
| Accumulated depreciation - ROU | 19,782.48 | ||||
| 31 Jan 2024 | Interest, month 10 | Interest expense - leases | 3,994.78 | Posted | |
| Lease liability | 3,994.78 | ||||
| 31 Jan 2024 | Lease payment, month 10 | Lease liability | 22,000.00 | Posted | |
| Cash / bank | 22,000.00 | ||||
| 31 Jan 2024 | Depreciation, month 10 | Depreciation expense - ROU | 19,782.48 | Posted | |
| Accumulated depreciation - ROU | 19,782.48 | ||||
| 29 Feb 2024 | Interest, month 11 | Interest expense - leases | 3,924.26 | Posted | |
| Lease liability | 3,924.26 | ||||
| 29 Feb 2024 | Lease payment, month 11 | Lease liability | 22,000.00 | Posted | |
| Cash / bank | 22,000.00 | ||||
| 29 Feb 2024 | Depreciation, month 11 | Depreciation expense - ROU | 19,782.48 | Posted | |
| Accumulated depreciation - ROU | 19,782.48 | ||||
| 31 Mar 2024 | Interest, month 12 | Interest expense - leases | 3,853.47 | Posted | |
| Lease liability | 3,853.47 | ||||
| 31 Mar 2024 | Lease payment, month 12 | Lease liability | 22,000.00 | Posted | |
| Cash / bank | 22,000.00 | ||||
| 31 Mar 2024 | Depreciation, month 12 | Depreciation expense - ROU | 19,782.48 | Posted | |
| Accumulated depreciation - ROU | 19,782.48 | ||||
| 30 Apr 2024 | Interest, month 13 | Interest expense - leases | 3,782.39 | Posted | |
| Lease liability | 3,782.39 | ||||
| 30 Apr 2024 | Lease payment, month 13 | Lease liability | 22,000.00 | Posted | |
| Cash / bank | 22,000.00 | ||||
| 30 Apr 2024 | Depreciation, month 13 | Depreciation expense - ROU | 19,782.48 | Posted | |
| Accumulated depreciation - ROU | 19,782.48 | ||||
| 31 May 2024 | Interest, month 14 | Interest expense - leases | 3,711.04 | Posted | |
| Lease liability | 3,711.04 | ||||
| 31 May 2024 | Lease payment, month 14 | Lease liability | 22,000.00 | Posted | |
| Cash / bank | 22,000.00 | ||||
| 31 May 2024 | Depreciation, month 14 | Depreciation expense - ROU | 19,782.48 | Posted | |
| Accumulated depreciation - ROU | 19,782.48 | ||||
| 30 Jun 2024 | Interest, month 15 | Interest expense - leases | 3,639.41 | Posted | |
| Lease liability | 3,639.41 | ||||
| 30 Jun 2024 | Lease payment, month 15 | Lease liability | 22,000.00 | Posted | |
| Cash / bank | 22,000.00 | ||||
| 30 Jun 2024 | Depreciation, month 15 | Depreciation expense - ROU | 19,782.48 | Posted | |
| Accumulated depreciation - ROU | 19,782.48 | ||||
| 31 Jul 2024 | Interest, month 16 | Interest expense - leases | 3,567.49 | Posted | |
| Lease liability | 3,567.49 | ||||
| 31 Jul 2024 | Lease payment, month 16 | Lease liability | 22,000.00 | Posted | |
| Cash / bank | 22,000.00 | ||||
| 31 Jul 2024 | Depreciation, month 16 | Depreciation expense - ROU | 19,782.48 | Posted | |
| Accumulated depreciation - ROU | 19,782.48 | ||||
| 31 Aug 2024 | Interest, month 17 | Interest expense - leases | 3,495.30 | Posted | |
| Lease liability | 3,495.30 | ||||
| 31 Aug 2024 | Lease payment, month 17 | Lease liability | 22,000.00 | Posted | |
| Cash / bank | 22,000.00 | ||||
| 31 Aug 2024 | Depreciation, month 17 | Depreciation expense - ROU | 19,782.48 | Posted | |
| Accumulated depreciation - ROU | 19,782.48 | ||||
| 30 Sep 2024 | Interest, month 18 | Interest expense - leases | 3,422.82 | Posted | |
| Lease liability | 3,422.82 | ||||
| 30 Sep 2024 | Lease payment, month 18 | Lease liability | 22,000.00 | Posted | |
| Cash / bank | 22,000.00 | ||||
| 30 Sep 2024 | Depreciation, month 18 | Depreciation expense - ROU | 19,782.48 | Posted | |
| Accumulated depreciation - ROU | 19,782.48 | ||||
| 31 Oct 2024 | Interest, month 19 | Interest expense - leases | 3,350.06 | Posted | |
| Lease liability | 3,350.06 | ||||
| 31 Oct 2024 | Lease payment, month 19 | Lease liability | 22,000.00 | Posted | |
| Cash / bank | 22,000.00 | ||||
| 31 Oct 2024 | Depreciation, month 19 | Depreciation expense - ROU | 19,782.48 | Posted | |
| Accumulated depreciation - ROU | 19,782.48 | ||||
| 30 Nov 2024 | Interest, month 20 | Interest expense - leases | 3,277.02 | Posted | |
| Lease liability | 3,277.02 | ||||
| 30 Nov 2024 | Lease payment, month 20 | Lease liability | 22,000.00 | Posted | |
| Cash / bank | 22,000.00 | ||||
| 30 Nov 2024 | Depreciation, month 20 | Depreciation expense - ROU | 19,782.48 | Posted | |
| Accumulated depreciation - ROU | 19,782.48 | ||||
| 31 Dec 2024 | Interest, month 21 | Interest expense - leases | 3,203.69 | Posted | |
| Lease liability | 3,203.69 |
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