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Annual Report & Accounts 2015 - REPORT OF THE GROUP FINANCE DIRECTOR
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Table 11: Allocation of the fees to each draw-down Fee % initial Final 4 sept 2015 2 Feb 2016 total €000's €000's €000's Principal amount 20,000 380,000 400,000 facility fee 1.0% 200 3,800 4,000 Draw-down fee 2.0% 400 7,600 8,000 extension fee 0.5% - 2,000 2,000 anniversary fee* 1.0% 200 3,800 4,000 18 month fee* 2.5% 500 9,500 10,000 exit fee 3.0% 600 11,400 12,000 Legal fees 98 1,853 1,950 total arrangement fees 1,998 39,953 41,950 * these items are required to be accounted for in 2015 whether or not the loan remains in place at 2 February 2017 or 2 August 2017. Table 12: Accounting allocation and cash profile (assuming the loan reaches maturity on 4 September 2017) Fee % 2015 2016 2017 total €000's €000's €000's €000's Accounting allocation facility fee 1.0% 33 2,288 1,679 4,000 Draw-down fee 2.0% 65 4,577 3,358 8,000 extension fee 0.5% - 1,152 848 2,000 anniversary fee 1.0% 33 2,288 1,679 4,000 18 month fee 2.5% 81 5,721 4,198 10,000 exit fee 3.0% 98 6,865 5,037 12,000 Legal fees 16 1,116 819 1,950 total arrangement fees 325 24,007 17,618 41,950 maintenance fees €100k/qtr 100 400 232 733 interest 12.5% 819 46,611 34,174 81,604 total anticipated finance charge 1,245 71,018 52,024 124,287 cash profile fees 8,479 8,000 26,203 42,683 interest 625 38,653 42,326 81,604 9,104 46,653 68,530 124,287 Table 13: Loan components in 2015 Borrowed Payments interest in year in year charge Prepaid total €000's €000's €000's €000's €000's Principal amount 20,000 - - - 20,000 fees - (8,479) 426 7,680 (373) interest - (625) 819 - 194 20,000 (9,104) 1,245 7,680 19,821 Note 4 Included Note 14.1 in note 11 GVC HOLDINGS PLC ANNUAL REPORT 2015 BUsiness ReVieW 21