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Bengaluru tech office | Embassy Prime Holdings | Konark Retail Pvt Ltd (INR)

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Initial lease liability43,571,390.98

Initial ROU asset44,651,390.98

Liability today35,246,054.81current 8,742,655.39 / non-current 26,503,399.42

ROU asset today30,109,842.99

Undiscounted payments78,652,750.00

Terms

Commencement: 01 Apr 2023
Term: 60 months (modelled 60) to 31 Mar 2030
Payment: 925,000.00 monthly, in advance
Escalation: 5% every 3 years
Rent-free: 2 months
Discount rate: 9.250% (current 9.600%)
Initial direct costs / incentives: 180,000.00 / 0.00
Prepaid / restoration: 0.00 / 900,000.00
Exemption: None (on balance sheet)
Options: Extension option 24m

Event timeline

Effective	Event	Detail	Liability before	Liability after	ROU before	ROU after	Gain / (loss)
01 Apr 2025	Term extension	term +24 months, discount rate 9.60% Extension option now reasonably certain	30,133,580.04	46,356,806.81	26,790,834.58	43,014,061.35	0.00

Amortisation schedule

#	Period	Rate	Liability opening	Remeasure	Interest	Payment	Liability closing	ROU opening	Remeasure	Depreciation	ROU closing
1	Apr 2023	9.250%	43,571,390.98	0.00	335,862.81	0.00	43,907,253.79	44,651,390.98	0.00	744,189.85	43,907,201.13
2	May 2023	9.250%	43,907,253.79	0.00	338,451.75	0.00	44,245,705.54	43,907,201.13	0.00	744,189.85	43,163,011.28
3	Jun 2023	9.250%	44,245,705.54	0.00	333,930.44	925,000.00	43,654,635.98	43,163,011.28	0.00	744,189.85	42,418,821.43
4	Jul 2023	9.250%	43,654,635.98	0.00	329,374.28	925,000.00	43,059,010.26	42,418,821.43	0.00	744,189.85	41,674,631.58
5	Aug 2023	9.250%	43,059,010.26	0.00	324,783.00	925,000.00	42,458,793.26	41,674,631.58	0.00	744,189.85	40,930,441.73
6	Sep 2023	9.250%	42,458,793.26	0.00	320,156.32	925,000.00	41,853,949.58	40,930,441.73	0.00	744,189.85	40,186,251.88
7	Oct 2023	9.250%	41,853,949.58	0.00	315,493.99	925,000.00	41,244,443.57	40,186,251.88	0.00	744,189.85	39,442,062.03
8	Nov 2023	9.250%	41,244,443.57	0.00	310,795.71	925,000.00	40,630,239.28	39,442,062.03	0.00	744,189.85	38,697,872.18
9	Dec 2023	9.250%	40,630,239.28	0.00	306,061.22	925,000.00	40,011,300.50	38,697,872.18	0.00	744,189.85	37,953,682.33
10	Jan 2024	9.250%	40,011,300.50	0.00	301,290.23	925,000.00	39,387,590.73	37,953,682.33	0.00	744,189.85	37,209,492.48
11	Feb 2024	9.250%	39,387,590.73	0.00	296,482.47	925,000.00	38,759,073.20	37,209,492.48	0.00	744,189.85	36,465,302.63
12	Mar 2024	9.250%	38,759,073.20	0.00	291,637.65	925,000.00	38,125,710.85	36,465,302.63	0.00	744,189.85	35,721,112.78
13	Apr 2024	9.250%	38,125,710.85	0.00	286,755.48	925,000.00	37,487,466.33	35,721,112.78	0.00	744,189.85	34,976,922.93
14	May 2024	9.250%	37,487,466.33	0.00	281,835.68	925,000.00	36,844,302.01	34,976,922.93	0.00	744,189.85	34,232,733.08
15	Jun 2024	9.250%	36,844,302.01	0.00	276,877.95	925,000.00	36,196,179.96	34,232,733.08	0.00	744,189.85	33,488,543.23
16	Jul 2024	9.250%	36,196,179.96	0.00	271,882.01	925,000.00	35,543,061.97	33,488,543.23	0.00	744,189.85	32,744,353.38
17	Aug 2024	9.250%	35,543,061.97	0.00	266,847.56	925,000.00	34,884,909.53	32,744,353.38	0.00	744,189.85	32,000,163.53
18	Sep 2024	9.250%	34,884,909.53	0.00	261,774.30	925,000.00	34,221,683.83	32,000,163.53	0.00	744,189.85	31,255,973.68
19	Oct 2024	9.250%	34,221,683.83	0.00	256,661.94	925,000.00	33,553,345.77	31,255,973.68	0.00	744,189.85	30,511,783.83
20	Nov 2024	9.250%	33,553,345.77	0.00	251,510.17	925,000.00	32,879,855.94	30,511,783.83	0.00	744,189.85	29,767,593.98
21	Dec 2024	9.250%	32,879,855.94	0.00	246,318.68	925,000.00	32,201,174.62	29,767,593.98	0.00	744,189.85	29,023,404.13
22	Jan 2025	9.250%	32,201,174.62	0.00	241,087.18	925,000.00	31,517,261.80	29,023,404.13	0.00	744,189.85	28,279,214.28
23	Feb 2025	9.250%	31,517,261.80	0.00	235,815.35	925,000.00	30,828,077.15	28,279,214.28	0.00	744,189.85	27,535,024.43
24	Mar 2025	9.250%	30,828,077.15	0.00	230,502.89	925,000.00	30,133,580.04	27,535,024.43	0.00	744,189.85	26,790,834.58
25	Apr 2025	9.600%	30,133,580.04	16,223,226.77	363,454.45	925,000.00	45,795,261.26	26,790,834.58	16,223,226.77	716,901.02	42,297,160.33
26	May 2025	9.600%	45,795,261.26	0.00	358,962.09	925,000.00	45,229,223.35	42,297,160.33	0.00	716,901.02	41,580,259.31
27	Jun 2025	9.600%	45,229,223.35	0.00	354,433.79	925,000.00	44,658,657.14	41,580,259.31	0.00	716,901.02	40,863,358.29
28	Jul 2025	9.600%	44,658,657.14	0.00	349,869.26	925,000.00	44,083,526.40	40,863,358.29	0.00	716,901.02	40,146,457.27
29	Aug 2025	9.600%	44,083,526.40	0.00	345,268.21	925,000.00	43,503,794.61	40,146,457.27	0.00	716,901.02	39,429,556.25
30	Sep 2025	9.600%	43,503,794.61	0.00	340,630.36	925,000.00	42,919,424.97	39,429,556.25	0.00	716,901.02	38,712,655.23
31	Oct 2025	9.600%	42,919,424.97	0.00	335,955.40	925,000.00	42,330,380.37	38,712,655.23	0.00	716,901.02	37,995,754.21
32	Nov 2025	9.600%	42,330,380.37	0.00	331,243.04	925,000.00	41,736,623.41	37,995,754.21	0.00	716,901.02	37,278,853.19
33	Dec 2025	9.600%	41,736,623.41	0.00	326,492.99	925,000.00	41,138,116.40	37,278,853.19	0.00	716,901.02	36,561,952.17
34	Jan 2026	9.600%	41,138,116.40	0.00	321,704.93	925,000.00	40,534,821.33	36,561,952.17	0.00	716,901.02	35,845,051.15
35	Feb 2026	9.600%	40,534,821.33	0.00	316,878.57	925,000.00	39,926,699.90	35,845,051.15	0.00	716,901.02	35,128,150.13
36	Mar 2026	9.600%	39,926,699.90	0.00	312,013.60	925,000.00	39,313,713.50	35,128,150.13	0.00	716,901.02	34,411,249.11
37	Apr 2026	9.600%	39,313,713.50	0.00	306,739.71	971,250.00	38,649,203.21	34,411,249.11	0.00	716,901.02	33,694,348.09
38	May 2026	9.600%	38,649,203.21	0.00	301,423.63	971,250.00	37,979,376.84	33,694,348.09	0.00	716,901.02	32,977,447.07
39	Jun 2026	9.600%	37,979,376.84	0.00	296,065.01	971,250.00	37,304,191.85	32,977,447.07	0.00	716,901.02	32,260,546.05
40	Jul 2026	9.600%	37,304,191.85	0.00	290,663.53	971,250.00	36,623,605.38	32,260,546.05	0.00	716,901.02	31,543,645.03
41	Aug 2026	9.600%	36,623,605.38	0.00	285,218.84	971,250.00	35,937,574.22	31,543,645.03	0.00	716,901.02	30,826,744.01
42	Sep 2026	9.600%	35,937,574.22	0.00	279,730.59	971,250.00	35,246,054.81	30,826,744.01	0.00	716,901.02	30,109,842.99
43	Oct 2026	9.600%	35,246,054.81	0.00	274,198.44	971,250.00	34,549,003.25	30,109,842.99	0.00	716,901.02	29,392,941.97
44	Nov 2026	9.600%	34,549,003.25	0.00	268,622.03	971,250.00	33,846,375.28	29,392,941.97	0.00	716,901.02	28,676,040.95
45	Dec 2026	9.600%	33,846,375.28	0.00	263,001.00	971,250.00	33,138,126.28	28,676,040.95	0.00	716,901.02	27,959,139.93
46	Jan 2027	9.600%	33,138,126.28	0.00	257,335.01	971,250.00	32,424,211.29	27,959,139.93	0.00	716,901.02	27,242,238.91
47	Feb 2027	9.600%	32,424,211.29	0.00	251,623.69	971,250.00	31,704,584.98	27,242,238.91	0.00	716,901.02	26,525,337.89
48	Mar 2027	9.600%	31,704,584.98	0.00	245,866.68	971,250.00	30,979,201.66	26,525,337.89	0.00	716,901.02	25,808,436.87
49	Apr 2027	9.600%	30,979,201.66	0.00	240,063.61	971,250.00	30,248,015.27	25,808,436.87	0.00	716,901.02	25,091,535.85
50	May 2027	9.600%	30,248,015.27	0.00	234,214.12	971,250.00	29,510,979.39	25,091,535.85	0.00	716,901.02	24,374,634.83
51	Jun 2027	9.600%	29,510,979.39	0.00	228,317.84	971,250.00	28,768,047.23	24,374,634.83	0.00	716,901.02	23,657,733.81
52	Jul 2027	9.600%	28,768,047.23	0.00	222,374.38	971,250.00	28,019,171.61	23,657,733.81	0.00	716,901.02	22,940,832.79
53	Aug 2027	9.600%	28,019,171.61	0.00	216,383.37	971,250.00	27,264,304.98	22,940,832.79	0.00	716,901.02	22,223,931.77
54	Sep 2027	9.600%	27,264,304.98	0.00	210,344.44	971,250.00	26,503,399.42	22,223,931.77	0.00	716,901.02	21,507,030.75
55	Oct 2027	9.600%	26,503,399.42	0.00	204,257.20	971,250.00	25,736,406.62	21,507,030.75	0.00	716,901.02	20,790,129.73
56	Nov 2027	9.600%	25,736,406.62	0.00	198,121.25	971,250.00	24,963,277.87	20,790,129.73	0.00	716,901.03	20,073,228.70
57	Dec 2027	9.600%	24,963,277.87	0.00	191,936.22	971,250.00	24,183,964.09	20,073,228.70	0.00	716,901.02	19,356,327.68
58	Jan 2028	9.600%	24,183,964.09	0.00	185,701.71	971,250.00	23,398,415.80	19,356,327.68	0.00	716,901.03	18,639,426.65
59	Feb 2028	9.600%	23,398,415.80	0.00	179,417.33	971,250.00	22,606,583.13	18,639,426.65	0.00	716,901.02	17,922,525.63
60	Mar 2028	9.600%	22,606,583.13	0.00	173,082.67	971,250.00	21,808,415.80	17,922,525.63	0.00	716,901.03	17,205,624.60
61	Apr 2028	9.600%	21,808,415.80	0.00	166,697.33	971,250.00	21,003,863.13	17,205,624.60	0.00	716,901.02	16,488,723.58
62	May 2028	9.600%	21,003,863.13	0.00	160,260.91	971,250.00	20,192,874.04	16,488,723.58	0.00	716,901.03	15,771,822.55
63	Jun 2028	9.600%	20,192,874.04	0.00	153,772.99	971,250.00	19,375,397.03	15,771,822.55	0.00	716,901.02	15,054,921.53
64	Jul 2028	9.600%	19,375,397.03	0.00	147,233.18	971,250.00	18,551,380.21	15,054,921.53	0.00	716,901.03	14,338,020.50
65	Aug 2028	9.600%	18,551,380.21	0.00	140,641.04	971,250.00	17,720,771.25	14,338,020.50	0.00	716,901.02	13,621,119.48
66	Sep 2028	9.600%	17,720,771.25	0.00	133,996.17	971,250.00	16,883,517.42	13,621,119.48	0.00	716,901.03	12,904,218.45
67	Oct 2028	9.600%	16,883,517.42	0.00	127,298.14	971,250.00	16,039,565.56	12,904,218.45	0.00	716,901.02	12,187,317.43
68	Nov 2028	9.600%	16,039,565.56	0.00	120,546.52	971,250.00	15,188,862.08	12,187,317.43	0.00	716,901.03	11,470,416.40
69	Dec 2028	9.600%	15,188,862.08	0.00	113,740.90	971,250.00	14,331,352.98	11,470,416.40	0.00	716,901.02	10,753,515.38
70	Jan 2029	9.600%	14,331,352.98	0.00	106,880.82	971,250.00	13,466,983.80	10,753,515.38	0.00	716,901.03	10,036,614.35
71	Feb 2029	9.600%	13,466,983.80	0.00	99,965.87	971,250.00	12,595,699.67	10,036,614.35	0.00	716,901.02	9,319,713.33
72	Mar 2029	9.600%	12,595,699.67	0.00	92,995.60	971,250.00	11,717,445.27	9,319,713.33	0.00	716,901.03	8,602,812.30
73	Apr 2029	9.600%	11,717,445.27	0.00	85,581.06	1,019,812.50	10,783,213.83	8,602,812.30	0.00	716,901.02	7,885,911.28
74	May 2029	9.600%	10,783,213.83	0.00	78,107.21	1,019,812.50	9,841,508.54	7,885,911.28	0.00	716,901.03	7,169,010.25
75	Jun 2029	9.600%	9,841,508.54	0.00	70,573.57	1,019,812.50	8,892,269.61	7,169,010.25	0.00	716,901.02	6,452,109.23
76	Jul 2029	9.600%	8,892,269.61	0.00	62,979.66	1,019,812.50	7,935,436.77	6,452,109.23	0.00	716,901.03	5,735,208.20
77	Aug 2029	9.600%	7,935,436.77	0.00	55,324.99	1,019,812.50	6,970,949.26	5,735,208.20	0.00	716,901.02	5,018,307.18
78	Sep 2029	9.600%	6,970,949.26	0.00	47,609.09	1,019,812.50	5,998,745.85	5,018,307.18	0.00	716,901.03	4,301,406.15
79	Oct 2029	9.600%	5,998,745.85	0.00	39,831.47	1,019,812.50	5,018,764.82	4,301,406.15	0.00	716,901.02	3,584,505.13
80	Nov 2029	9.600%	5,018,764.82	0.00	31,991.62	1,019,812.50	4,030,943.94	3,584,505.13	0.00	716,901.03	2,867,604.10
81	Dec 2029	9.600%	4,030,943.94	0.00	24,089.05	1,019,812.50	3,035,220.49	2,867,604.10	0.00	716,901.02	2,150,703.08
82	Jan 2030	9.600%	3,035,220.49	0.00	16,123.26	1,019,812.50	2,031,531.25	2,150,703.08	0.00	716,901.03	1,433,802.05
83	Feb 2030	9.600%	2,031,531.25	0.00	8,093.75	1,019,812.50	1,019,812.50	1,433,802.05	0.00	716,901.02	716,901.03
84	Mar 2030	9.600%	1,019,812.50	0.00	0.00	1,019,812.50	0.00	716,901.03	0.00	716,901.03	0.00

Journal entries

Date	Entry	Account	Debit	Credit	Status
30 Apr 2028	Interest, month 61	Interest expense - leases	166,697.33		Draft
		Lease liability		166,697.33
30 Apr 2028	Lease payment, month 61	Lease liability	971,250.00		Draft
		Cash / bank		971,250.00
30 Apr 2028	Depreciation, month 61	Depreciation expense - ROU	716,901.02		Draft
		Accumulated depreciation - ROU		716,901.02
31 May 2028	Interest, month 62	Interest expense - leases	160,260.91		Draft
		Lease liability		160,260.91
31 May 2028	Lease payment, month 62	Lease liability	971,250.00		Draft
		Cash / bank		971,250.00
31 May 2028	Depreciation, month 62	Depreciation expense - ROU	716,901.03		Draft
		Accumulated depreciation - ROU		716,901.03
30 Jun 2028	Interest, month 63	Interest expense - leases	153,772.99		Draft
		Lease liability		153,772.99
30 Jun 2028	Lease payment, month 63	Lease liability	971,250.00		Draft
		Cash / bank		971,250.00
30 Jun 2028	Depreciation, month 63	Depreciation expense - ROU	716,901.02		Draft
		Accumulated depreciation - ROU		716,901.02
31 Jul 2028	Interest, month 64	Interest expense - leases	147,233.18		Draft
		Lease liability		147,233.18
31 Jul 2028	Lease payment, month 64	Lease liability	971,250.00		Draft
		Cash / bank		971,250.00
31 Jul 2028	Depreciation, month 64	Depreciation expense - ROU	716,901.03		Draft
		Accumulated depreciation - ROU		716,901.03
31 Aug 2028	Interest, month 65	Interest expense - leases	140,641.04		Draft
		Lease liability		140,641.04
31 Aug 2028	Lease payment, month 65	Lease liability	971,250.00		Draft
		Cash / bank		971,250.00
31 Aug 2028	Depreciation, month 65	Depreciation expense - ROU	716,901.02		Draft
		Accumulated depreciation - ROU		716,901.02
30 Sep 2028	Interest, month 66	Interest expense - leases	133,996.17		Draft
		Lease liability		133,996.17
30 Sep 2028	Lease payment, month 66	Lease liability	971,250.00		Draft
		Cash / bank		971,250.00
30 Sep 2028	Depreciation, month 66	Depreciation expense - ROU	716,901.03		Draft
		Accumulated depreciation - ROU		716,901.03
31 Oct 2028	Interest, month 67	Interest expense - leases	127,298.14		Draft
		Lease liability		127,298.14
31 Oct 2028	Lease payment, month 67	Lease liability	971,250.00		Draft
		Cash / bank		971,250.00
31 Oct 2028	Depreciation, month 67	Depreciation expense - ROU	716,901.02		Draft
		Accumulated depreciation - ROU		716,901.02
30 Nov 2028	Interest, month 68	Interest expense - leases	120,546.52		Draft
		Lease liability		120,546.52
30 Nov 2028	Lease payment, month 68	Lease liability	971,250.00		Draft
		Cash / bank		971,250.00
30 Nov 2028	Depreciation, month 68	Depreciation expense - ROU	716,901.03		Draft
		Accumulated depreciation - ROU		716,901.03
31 Dec 2028	Interest, month 69	Interest expense - leases	113,740.90		Draft
		Lease liability		113,740.90
31 Dec 2028	Lease payment, month 69	Lease liability	971,250.00		Draft
		Cash / bank		971,250.00
31 Dec 2028	Depreciation, month 69	Depreciation expense - ROU	716,901.02		Draft
		Accumulated depreciation - ROU		716,901.02
31 Jan 2029	Interest, month 70	Interest expense - leases	106,880.82		Draft
		Lease liability		106,880.82
31 Jan 2029	Lease payment, month 70	Lease liability	971,250.00		Draft
		Cash / bank		971,250.00
31 Jan 2029	Depreciation, month 70	Depreciation expense - ROU	716,901.03		Draft
		Accumulated depreciation - ROU		716,901.03
28 Feb 2029	Interest, month 71	Interest expense - leases	99,965.87		Draft
		Lease liability		99,965.87
28 Feb 2029	Lease payment, month 71	Lease liability	971,250.00		Draft
		Cash / bank		971,250.00
28 Feb 2029	Depreciation, month 71	Depreciation expense - ROU	716,901.02		Draft
		Accumulated depreciation - ROU		716,901.02
31 Mar 2029	Interest, month 72	Interest expense - leases	92,995.60		Draft
		Lease liability		92,995.60
31 Mar 2029	Lease payment, month 72	Lease liability	971,250.00		Draft
		Cash / bank		971,250.00
31 Mar 2029	Depreciation, month 72	Depreciation expense - ROU	716,901.03		Draft
		Accumulated depreciation - ROU		716,901.03
30 Apr 2029	Interest, month 73	Interest expense - leases	85,581.06		Draft
		Lease liability		85,581.06
30 Apr 2029	Lease payment, month 73	Lease liability	1,019,812.50		Draft
		Cash / bank		1,019,812.50
30 Apr 2029	Depreciation, month 73	Depreciation expense - ROU	716,901.02		Draft
		Accumulated depreciation - ROU		716,901.02
31 May 2029	Interest, month 74	Interest expense - leases	78,107.21		Draft
		Lease liability		78,107.21
31 May 2029	Lease payment, month 74	Lease liability	1,019,812.50		Draft
		Cash / bank		1,019,812.50
31 May 2029	Depreciation, month 74	Depreciation expense - ROU	716,901.03		Draft
		Accumulated depreciation - ROU		716,901.03
30 Jun 2029	Interest, month 75	Interest expense - leases	70,573.57		Draft
		Lease liability		70,573.57
30 Jun 2029	Lease payment, month 75	Lease liability	1,019,812.50		Draft
		Cash / bank		1,019,812.50
30 Jun 2029	Depreciation, month 75	Depreciation expense - ROU	716,901.02		Draft
		Accumulated depreciation - ROU		716,901.02
31 Jul 2029	Interest, month 76	Interest expense - leases	62,979.66		Draft
		Lease liability		62,979.66
31 Jul 2029	Lease payment, month 76	Lease liability	1,019,812.50		Draft
		Cash / bank		1,019,812.50
31 Jul 2029	Depreciation, month 76	Depreciation expense - ROU	716,901.03		Draft
		Accumulated depreciation - ROU		716,901.03
31 Aug 2029	Interest, month 77	Interest expense - leases	55,324.99		Draft
		Lease liability		55,324.99
31 Aug 2029	Lease payment, month 77	Lease liability	1,019,812.50		Draft
		Cash / bank		1,019,812.50
31 Aug 2029	Depreciation, month 77	Depreciation expense - ROU	716,901.02		Draft
		Accumulated depreciation - ROU		716,901.02
30 Sep 2029	Interest, month 78	Interest expense - leases	47,609.09		Draft
		Lease liability		47,609.09
30 Sep 2029	Lease payment, month 78	Lease liability	1,019,812.50		Draft
		Cash / bank		1,019,812.50
30 Sep 2029	Depreciation, month 78	Depreciation expense - ROU	716,901.03		Draft
		Accumulated depreciation - ROU		716,901.03
31 Oct 2029	Interest, month 79	Interest expense - leases	39,831.47		Draft
		Lease liability		39,831.47
31 Oct 2029	Lease payment, month 79	Lease liability	1,019,812.50		Draft
		Cash / bank		1,019,812.50
31 Oct 2029	Depreciation, month 79	Depreciation expense - ROU	716,901.02		Draft
		Accumulated depreciation - ROU		716,901.02
30 Nov 2029	Interest, month 80	Interest expense - leases	31,991.62		Draft
		Lease liability		31,991.62
30 Nov 2029	Lease payment, month 80	Lease liability	1,019,812.50		Draft
		Cash / bank		1,019,812.50
30 Nov 2029	Depreciation, month 80	Depreciation expense - ROU	716,901.03		Draft
		Accumulated depreciation - ROU		716,901.03