ITC-Leasing Helicpter Operating Lease

Trial calculation of ITC-Leasing helicopter operating lease

If you join ITC-Leasing helicopter operating lease program, during the lease period, you not only be able to receive lease revenues, merit of a tax shield, but also the final profit gain from selling the helicopter. As an investor, at the end of the lease period, you also have rights to decide to renew the lease contract, conclude new lease contract with a different end user or sell the helicopter at a fair market price.

Assumption:
Fuselage: Bell Helicopter Lease Period: 5 years End User: foreign/domestic operator
Arrangement Fee: 3,500,000Yen Price: 100,000,000Yen Depreciation Rate: 18% (for 5 years)
Lease Fee: 8,000,000Yen/year Tax Rate: 55%

Model (1) - at first (Japanese Yen)

	Lease Revenue	Depreciation	Profit Before Tax	Tax Shield	Book Value
1st year	8,000,000	18,000,000	-10,000,000	5,500,000	82,000,000
2nd year	8,000,000	18,000,000	-10,000,000	5,500,000	64,000,000
3rd year	8,000,000	18,000,000	-10,000,000	5,500,000	46,000,000
4th year	8,000,000	18,000,000	-10,000,000	5,500,000	28,000,000
5th year	8,000,000	18,000,000	-10,000,000	5,500,000	10,000,000
Total	40,000,000	90,000,000	-50,000,000	27,500,000	---

Model (2) - continue (Japanese Yen)

	Lease Revenue	Depreciation	Profit Before Tax	Tax Shield	Book Value
6th year	8,000,000	5,000,000	3,000,000	---	5,000,000
7th year	8,000,000	0	8,000,000	---	5,000,000
8th year	8,000,000	0	8,000,000	---	5,000,000
9th year	8,000,000	0	8,000,000	---	5,000,000
10th year	8,000,000	0	8,000,000	---	5,000,000
Total	40,000,000	5,000,000	35,000,000	---	---

If you have interests or questions of ITC-Leasing helicopter operating lease program, please don't hesitate to contact us through:

ITC-Leasing, Inc.
Office: Kanaya Bldg 5fl., 4-11-3, Hatchobori, Chuo-Ku,
Tokyo 104-0032 Japan
Tel: +81-3-3555-3621 Fax: +81-3-3555-3627

URL: www.itca.co.jp/contact.html