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					   Charter Boat
            Ownership


         Information Guide




            Learn how to turn your future Seawind Catamaran into an
         income producing asset, in Australia's best cruising locations!




                                             C A T A M A R A N S



PH: 02-4285 9985 | Fax: 02-4285 9984 | info@seawindcats.com | www.seawindcats.com
Seawind Investment Opportunities                                                                 Introduction




1    Background


Investing in a charter boat can offer many exciting opportunities as a boat
owner in an established charter boat business and has been the method by
which many existing owners have successfully realized their goal of owning
their own boat. This income producing asset will not only typically display
strong gross earnings from charters meaning your boat will earn significant
net income to you as an owner, this net income is earned after the boat has
paid all running costs, insurances and marina fees.


For some owners, the charter boat acquisition has been a part of a long
term plan to own their ultimate cruising yacht. With the right financing
package supported by consistent and significant charter income along the
way, some owners have retained their boats at the end of the boat’s charter
life. On occasions this has been a 10 – 15 year plan involving 2 or 3
consecutive charter boats where the owner has planned to utilize the last
and largest one for private use at the end of its charter life.


Successful charter investment involves a unique and mutually beneficial
working partnership between four parties: the Investor, the Charter
Company, the Boat Manufacturer and the Financier. With the right synergy
between all parties, all combining their knowledge, talents and expertise,
the Yacht owner can enjoy a remarkable investment, both financially and
socially.




At all times we strongly recommend you consult with your accountant when purchasing a charter vessel.      2
Seawind Investment Opportunities                                          Benefits of Charter Investments




2    Benefits of Charter Investments

Charter Boat ownership can offer the investor a wide range of benefits
which are significant and in addition to the excellent income levels enjoyed
by owners.
The following list is by no means exhaustive but is indicative of the key
benefits and services that charter companies may offer. Each investor will
place greater or less importance on these benefits according to his or her
financial position, investment goals and, of course, lifestyle goals.


1. INCOME PRODUCING ASSET:
         Investing in a Seawind Charter Boat provides you an asset that
         provides an income as any other business, which varies depending on
         the degree to which the boat is positioned and marketed.


2. TROUBLE FREE BOATING FOR ALL:
         Not only are the boats professionally managed, detailed and
         maintained by the charter company for your clients, the same applies
         for you as the owner. This means when you arrive at your boat, its
         ready to sail and you don't need to worry about the hours of work
         that go into keeping your boat in 'Ship Shape'.


3. ONGOING OWNER USE:
         Most charter companies provide
         owners with up to 28 days pre
         booked owner use (typically out of
         high       season)        with       unlimited
         standby use.


4. PERFECT LOCATION:
         Sail in Australia's premiere cruising location with your boat located at
         the gateway to the Whitsundays. With countless anchorages, bays and
         islands, this will provide an ideal place to cruise, while direct flights

At all times we strongly recommend you consult with your accountant when purchasing a charter vessel.   3
Seawind Investment Opportunities                                          Benefits of Charter Investments


         are available from Brisbane, Sydney and Melbourne to Proserpine &
         Hamilton Island.


5. BOAT OWNERSHIP:
         Though its great to charter boats from time to time, there's nothing
         like owning your own boat that over time will give you countless
         memories and eventually give you the opportunity to cruise beyond
         the Whitsundays. After the boat's charter life, you will have owned a
         well managed charter boat that has provided strong income returns
         and with the bonus of being a great lifestyle...extend your
         investment portfolio to include an asset that will give back more than
         just economic returns.


6. TAX DEDUCTIBILITY PROFILES:
         Under present and current draft rules, there are a number of options
         available for charter boat owners. These range from “hobby based”
         limited deductibility models to full negative gearing models similar to
         investment property structures. IT IS ADVISED THAT ANY CHARTER
         BOAT BUYER SEEK INDEPENDENT FINANCIAL AND LEGAL ADVICE ON
         THESE MATTERS.




At all times we strongly recommend you consult with your accountant when purchasing a charter vessel.   4
Seawind Investment Opportunities                                          Benefits of Charter Investments




3    Seawind Catamarans – Built for Charter


The practical nature of the Seawind designs have, for many years, been
attractive to charter operators throughout the Whitsundays and all around
Australia, with around 30 Seawind boats currently in charter in the
Whitsundays alone. This makes Seawind one of the most popular catamaran
designs to be used for charter in Australia!
As shown in Table 1. on the following page, there are numerous charter
operators anxious to order Seawind boats into their charter fleets. Feel free
to contact any of the listed charter companies and discuss what options may
be available in the present and future.
All current Seawind designs have the option of being built to survey
standards which means once in survey, the vessel is legally allowed to carry
a specified number of people on board for a specified distance offshore.
Though initially building to survey is an additional expense, it allows the
investor many more options, not only for charter opportunities but also
when it comes to resale.
The Seawind 1000 and Seawind 1160 designs have optional layouts with the
charter market in mind without compromising the integrity or luxury of the
boats. But it isn’t just the specific layout that is attractive to charter
operators, it is also the space, safety and sailing ease of the catamaran
design that is not realized by monohull equivalents.
All boats are built with the regular usage from the charter customers in
mind, so hardwearing laminate surfaces are commonly used ensuring that
maintenance is minimal and your investment will last the test of time.




At all times we strongly recommend you consult with your accountant when purchasing a charter vessel.   5
        Seawind Investment Opportunities                                                                                                           Benefits of Charter Investments
        Table 1. SEAWIND CATAMARANS CURRENTLY REQUIRED FOR CHARTER FLEETS

        LAST UPDATED 23/7/2007


                                                                                                                                                         Seawind Seawind Seawind
Charter Company                   Location                 Contact            Telephone          Fax                Email
                                                                                                                                                          1160    1000    1050R
WHITSUNDAYS
Whitsunday Rent-A-Yacht           Shute Harbour            David McMahon      07 4946 9232       07   4946   9512   david.wray@bareboat.com.au              2         1
Queensland Yacht Charters         Airlie Beach             Suzette Pelt       07 4946 7400       07   4946   7698   suzette@yachtcharters.com.au            1         1
Cumberland Charter Yachts         Airlie Beach             Sue Gunston        07 4946 7500       07   4946   6230   management@ccy.com.au                   1
Charter Yachts Australia          Airlie Beach             John Mol           07 4946 6666       07   4946   5355   charter@cya.com.au                      1
Whitsunday Private Charters       Airlie Beach             Rob Kenyon         0417 621 160       07   4948   3048   rob@boatbuy.com.au                      1         1
Whitsunday Escape                 Airlie Beach             Trevor Rees        1800 075 145       07   4946   7301   trevor@whitsundayescape.com             1         1
OTHER QLD LOCATIONS
Tropic Sail                       Townsville        Shaun Watson 07 4772 4773                    07 4772 4775 info@tropicsail.com.au                        1         1        1
Hinchinbrook Rent-A-Yacht         Hinchinbrook, Qld Bruce Walker 07 4066 8007                    07 4066 8003 info@hinchinbrookrentayacht.com.au            1         1
Fraser Island Rent-A-Yacht        Tin Can Bay, Qld  Ric Moores   07 4194 1416                    07 4194 2451 ric@rent-a-yacht.com.au                       1         1
SYDNEY / PITTWATER
Smart Boating                     Pittwater, NSW           David Biddle   0404 407770                         david@smartboating.com.au                     1         1
Sail Corp                         Sydney, NSW              Fraser Vickers 0401 044 114           02 9923 2464 fraserv@sailcorp.com.au                                 1        1
Sydney Harbour Escapes            Sydney, NSW              Dom Coleman 0438 177 283              02 9328 4749 dom@sydneyharbourescapes.com.au               1         1        1
MELBOURNE
Sail Sorrento                     Sorrento, VIC            Kerry Murphy       0412 551 907                          kerry@sailsorrento.com.au               1         1        1
Catamaran Charters                Melbourne, VIC           David Cutler       0412 736 038                          david@catamarancharters.com.au          1         1


TOTAL SEAWINDS WANTED FOR CHARTER FLEETS                                                                                                                    14       12        4




        At all times we strongly recommend you consult with your accountant when purchasing a charter vessel.                                                                        6
                                                                  Seawind 1160 Business Model

CHARTER BOAT - BUSINESS PLAN
DATA INPUT & ASSUMPTIONS
Data Input Required for YELLOW Cells Only
Purchase Price (excluding GST)                                                                          $515,000
Percentage to be Financed                                                                                 70%
Term of Finance (months)                                                                                   60
Balloon Payment (%)                                                                                       40%
Term of Balloon Refinance (months)                                                                         48
Depreciation Rate (DV)                                                                                    30%
Month Business Commenced                                                                     July
Estimated Gross Revenue (p.a.) Excluding GST                                                            $138,059
Estimated Holding Costs (p.a.) eg Insurance, Marina Fees etc                                             $14,328
Estimated Actual Use Costs (p.a.) eg Repairs & Maintainence etc                                          $76,914
Net Return (p.a.) - after all operating costs but before Interest & Depreciation                         $46,817
Charter Days per annum                                                                                     175
Private Use Days per annum (in addition to Charter Days)                                                    21
Personal Tax Rate                                                                                         40.0%
Estimated Boat Value (as a % of original purchase price after initial 5 years)                             80%
Estimated Boat Value (as a % of original purchase priceafter initial 10 years)                             70%




These figures are based on Industry historical data and do not represent a guarantee of income. At all times we strongly recommend you consult with your accountant
                                                                  when purchasing a charter vessel
                                                                        Seawind 1160 Business Model



PROJECTED SIMPLIFIED BUSINESS MODEL

                                    Annual
              Gross        Annual actual use        Net                      Extra      Decline in     Total                    Less Private Adjusted      Cumulative
   Year      Income      Hldg costs Costs         Income     Interest       Repairs       Value      Outgoings     Y/E Result      Usage     Y/E Result      Result

1st boat 1    $138,059     $14,328     $76,914     $46,817     $21,803                    $20,600       $133,645       $4,414       $11,505      $15,919        $15,919
         2    $138,059     $14,328     $76,914     $46,817     $21,803                    $20,600       $133,645       $4,414       $11,505      $15,919        $31,837
         3    $138,059     $14,328     $76,914     $46,817     $21,803                    $20,600       $133,645       $4,414       $11,505      $15,919        $47,756
         4    $138,059     $14,328     $76,914     $46,817     $21,803                    $20,600       $133,645       $4,414       $11,505      $15,919        $63,675
         5    $138,059     $14,328     $76,914     $46,817     $21,803                    $20,600       $133,645       $4,414       $11,505      $15,919        $79,594
         6    $138,059     $14,328     $76,914     $46,817      $6,293         $4,120     $10,300       $111,955      $26,104       $10,461      $36,565       $116,159
         7    $138,059     $14,328     $76,914     $46,817      $6,293         $4,532     $10,300       $112,367      $25,692       $10,505      $36,197       $152,356
         8    $138,059     $14,328     $76,914     $46,817      $6,293         $4,985     $10,300       $112,820      $25,239       $10,554      $35,793       $188,149
         9    $138,059     $14,328     $76,914     $46,817      $6,293         $5,484     $10,300       $113,319      $24,740       $10,607      $35,348       $223,497
        10    $138,059     $14,328     $76,914     $46,817          $0         $6,032     $10,300       $107,574      $30,485       $10,304      $40,789       $264,286
        11          $0          $0          $0          $0          $0             $0          $0             $0           $0            $0           $0       $264,286




   These figures are based on Industry historical data and do not represent a guarantee of income. At all times we strongly recommend you consult with your accountant
                                                                     when purchasing a charter vessel
                                                                                                                                               Seawind 1160 Business Model




Charter Boat - TAX RETURN PROFILE INDICATOR
FOR SMALL BUSINESS TAX PAYER (UNDER STS REGIME)
                                                  Year 1             Year 2                Year 3                     Year 4                      Year 5                     Year 6                     Year 7                     Year 8                      Year 9                Year 10             Year 11             Total
Finance Arrangements:
Purchase Price (excluding GST)                $   515,000.00     $   515,000.00     $      515,000.00           $     515,000.00           $      515,000.00          $      144,200.00           $     144,200.00           $      144,200.00             $   144,200.00        $   144,200.00      $             -
Less Deposit                                  $   154,500.00     $   154,500.00     $      154,500.00           $     154,500.00           $      154,500.00
Amount to Finance                             $   360,500.00     $   360,500.00     $      360,500.00           $     360,500.00           $      360,500.00          $      144,200.00           $     144,200.00           $      144,200.00             $   144,200.00        $             -     $             -
Term (in Months)                                            60                 60                        60                          60                         60                           48                         48                            48                    48
Balloon Payment 40%                           $   144,200.00     $   144,200.00     $      144,200.00           $     144,200.00           $      144,200.00          $                  -        $                 -        $                    -        $            -        $             -     $             -
Monthly Payment                               $     5,421.92     $     5,421.92     $          5,421.92         $         5,421.92         $         5,421.92         $          3,528.57         $         3,528.57         $         3,528.57            $     3,528.57        $     3,528.57      $             -

Boat Chartering Activity
Initial Purchase price of boat                $   515,000.00     $   515,000.00     $      515,000.00           $     515,000.00           $      515,000.00          $      515,000.00           $     515,000.00           $      515,000.00             $   515,000.00        $   515,000.00      $   300,000.00      $   300,000.00
Estimated Average Daily Charter Fee               $789               $789                   $789                        $789                       $789                       $789                       $789                        $789                      $789                   $789                 $0                  $0
Estimated number of charter days                   175                175                    175                        175                         175                        175                        175                         175                       175                   175                  0                 1750
Estimated number of private use days               21                 21                      21                         21                          21                         21                         21                          21                       21                     21                  0                  210
Est TOTAL number of active use days                196                196                    196                        196                         196                        196                        196                         196                       196                   196                  0                 1960
Private use % of total                             11                 11                      11                         11                          11                         11                         11                          11                       11                     11                  0                   0

Annual Tax Calculation:

Income estimation
Estimated Gross income                        $   138,059.00     $   138,059.00     $      138,059.00           $     138,059.00           $      138,059.00          $      138,059.00           $     138,059.00           $      138,059.00             $   138,059.00        $   138,059.00      $             -     $ 1,380,590.00
Estimated Holding costs                       $    14,328.00     $    14,328.00     $        14,328.00          $       14,328.00          $        14,328.00         $        14,328.00          $       14,328.00          $       14,328.00             $    14,328.00        $    14,328.00      $             -     $   143,280.00
Estimated Actual Use costs                    $    76,914.00     $    76,914.00     $        76,914.00          $       76,914.00          $        76,914.00         $        76,914.00          $       76,914.00          $       76,914.00             $    76,914.00        $    76,914.00      $             -     $   769,140.00
Estimated Return % on GST excl price               9%                 9%                      9%                         9%                         9%                         9%                          9%                         9%                        9%                     9%                  9%                        9%
Estimated "Net" annual payment to owner       $    46,817.00     $    46,817.00     $        46,817.00          $       46,817.00          $        46,817.00         $        46,817.00          $       46,817.00          $       46,817.00             $    46,817.00        $    46,817.00      $             -     $   468,170.00
(before interest & depreciation)

Expenses estimation
Estimated Holding costs                       $    14,328.00     $    14,328.00     $        14,328.00          $       14,328.00          $        14,328.00         $        14,328.00          $       14,328.00          $       14,328.00             $    14,328.00        $    14,328.00      $             -     $   143,280.00
Estimated Actual Use costs                    $    76,914.00     $    76,914.00     $        76,914.00          $       76,914.00          $        76,914.00         $        76,914.00          $       76,914.00          $       76,914.00             $    76,914.00        $    76,914.00      $             -     $   769,140.00
Annual Interest on CHP Facility               $    21,803.04     $    21,803.04     $        21,803.04          $       21,803.04          $        21,803.04         $          6,292.89         $         6,292.89         $         6,292.89            $     6,292.89        $             -     $             -     $   134,186.75
Depreciation 30% DV on Price Excl GST         $    77,250.00     $   131,325.00     $        91,927.50          $       64,375.00          $        45,062.50         $        31,518.00          $       22,093.50          $       15,450.00             $    10,815.00        $     7,570.50      $             -     $   497,387.00
Total expenses                                $   190,295.04     $   244,370.04     $      204,972.54           $     177,420.04           $      158,107.54          $      129,052.89           $     119,628.39           $      112,984.89             $   108,349.89        $    98,812.50      $             -     $ 1,543,993.75
Less private use component (non deductible)   $    16,381.45     $    21,036.47     $        17,644.95          $       15,273.11          $        13,610.60         $        12,058.89          $       11,184.26          $       10,569.34             $    10,142.23        $     9,464.80      $             -     $   137,366.10
Total business related expenses               $   173,913.59     $   223,333.57     $      187,327.59           $     162,146.93           $      144,496.94          $      116,994.00           $     108,444.13           $      102,415.55             $    98,207.65        $    89,347.70      $             -     $ 1,406,627.65

Add Gross Revenue                             $   138,059.00     $   138,059.00     $      138,059.00           $     138,059.00           $      138,059.00          $      138,059.00           $     138,059.00           $      138,059.00             $   138,059.00        $   138,059.00      $             -     $ 1,380,590.00


Net Annual tax Loss (Profit)                  $    35,854.59     $    85,274.57     $        49,268.59          $       24,087.93          $         6,437.94         $       (21,065.00) $              (29,614.87) $              (35,643.45) $              (39,851.35) $          (48,711.30) $                -          26,037.65
Tax Rate                                                   40%                40%                     40%                         40%                        40%                        40%                        40%                            40%                   40%                    40%                 40%               40%
Tax Refunded or (payable)                     $    14,341.84     $    34,109.83     $        19,707.43          $         9,635.17         $         2,575.17         $         (8,426.00) $             (11,845.95) $              (14,257.38) $              (15,940.54) $          (19,484.52) $                -     $    10,415.06

Annual "After Tax" Cash Position:
Annual Finance Cost (12 x monthly payment)    $    65,063.04     $    65,063.04     $        65,063.04          $       65,063.04          $        65,063.04         $        42,342.89          $       42,342.89          $       42,342.89             $    42,342.89        $             -     $             -     $   494,686.75
Annual Net Income                             $    46,817.00     $    46,817.00     $        46,817.00          $       46,817.00          $        46,817.00         $        46,817.00          $       46,817.00          $       46,817.00             $    46,817.00        $    46,817.00      $             -     $   468,170.00
Annual Surplus or (shortfall)                 $   (18,246.04) $      (18,246.04) $          (18,246.04) $              (18,246.04) $               (18,246.04) $                 4,474.11         $         4,474.11         $         4,474.11            $     4,474.11        $    46,817.00      $             -     $   (26,516.75)
Tax Refunded or (payable)                     $    14,341.84     $    34,109.83     $        19,707.43          $         9,635.17         $         2,575.17         $         (8,426.00) $             (11,845.95) $              (14,257.38) $              (15,940.54) $          (19,484.52) $                -     $    10,415.06
After Tax (Cost) or Surplus                   $    (3,904.20) $       15,863.79     $          1,461.39         $        (8,610.87) $              (15,670.87) $                (3,951.89) $               (7,371.84) $               (9,783.27) $             (11,466.43) $          27,332.48      $             -     $   (16,101.69)

                                                                                The GST component of the purchase price "1/11" should be a refundable (imputable) expense, ie recovered within the initial GST return for the Charter investor.
                                                                                                                   All of the above figures are monthly in advance based on prevailing interest rates
                                      Seawind 1160 Business Model


     Scenario where boat sold at end of year 5
                                                                     Charter Boat
                                                               Small Business Taxpayer

    Sale Proceeds
          80% of original purchase price                   $                  412,000.00

    Written Down Value                                     $                  105,060.00
    Depreciation Clawback                                  $                  306,940.00
    Tax Rate used                                          $                        0.40
    Tax Payable                                            $                  122,776.00

    Carried Forward After Tax (Cost) or Surplus            $                   (10,860.75)
    Carried Forward Running Costs over term                $                          -
    Carried Forward (Costs) or Surplus Total               $                   (10,860.75)


    Summary

    Tax Payable                                            $                  122,776.00
    Plus Carried Forward Costs (Surplus) Total             $                   10,860.75
    Plus Balloon payment                                   $                  144,200.00
    Plus Initial Deposit (if applicable)                   $                  154,500.00
    Less Sale Proceeds                                     $                  412,000.00
    Total after Tax cost (surplus) of boat over term       $                   20,336.75




These figures are based on Industry historical data and do not represent a guarantee of income. At all times
        we strongly recommend you consult with your accountant when purchasing a charter vessel
                                      Seawind 1160 Business Model




          Scenario where boat sold at end of year 10

                                                                           Charter Boat
                                                                     Small Business Taxpayer

          Sale Proceeds
                70% of original purchase price                   $                  360,500.00

          Written Down Value                                     $                   17,613.00
          Depreciation Clawback                                  $                  342,887.00
          Tax Rate used                                          $                        0.40
          Tax Payable                                            $                  137,154.80

          Carried Forward After Tax (Cost) or Surplus            $                   (16,101.69)
          Carried Forward Running Costs over term                $                          -
          Carried Forward (Costs) or Surplus Total               $                   (16,101.69)


          Summary

          Tax Payable                                            $                  137,154.80
          Plus Carried Forward Costs (Surplus) Total             $                   16,101.69
          Plus Initial Deposit (if applicable)                   $                  154,500.00
          Less Sale Proceeds                                     $                  360,500.00
          Total after Tax cost (surplus) of boat over term       $                  (52,743.51)




These figures are based on Industry historical data and do not represent a guarantee of income. At all times
        we strongly recommend you consult with your accountant when purchasing a charter vessel
                                                                  Seawind 1000 Business Model

CHARTER BOAT - BUSINESS PLAN
DATA INPUT & ASSUMPTIONS
Data Input Required for YELLOW Cells Only
Purchase Price (excluding GST)                                                                          $310,000
Percentage to be Financed                                                                                 70%
Term of Finance (months)                                                                                   60
Balloon Payment (%)                                                                                       40%
Term of Balloon Refinance (months)                                                                         48
Depreciation Rate (DV)                                                                                    30%
Month Business Commenced                                                                     July
Estimated Gross Revenue (p.a.) Excluding GST                                                            $108,532
Estimated Holding Costs (p.a.) eg Insurance, Marina Fees etc                                             $11,314
Estimated Actual Use Costs (p.a.) eg Repairs & Maintainence etc                                          $66,068
Net Return (p.a.) - after all operating costs but before Interest & Depreciation                         $31,150
Charter Days per annum                                                                                     175
Private Use Days per annum (in addition to Charter Days)                                                    21
Personal Tax Rate                                                                                         40.0%
Estimated Boat Value (as a % of original purchase price after initial 5 years)                             80%
Estimated Boat Value (as a % of original purchase priceafter initial 10 years)                             70%




These figures are based on Industry historical data and do not represent a guarantee of income. At all times we strongly recommend you consult with your accountant
                                                                  when purchasing a charter vessel
PROJECTED SIMPLIFIED BUSINESS MODEL

                                   Annual
              Gross       Annual actual use     Net                   Extra     Decline in     Total                    Less Private Adjusted     Cumulative
   Year      Income     Hldg costs Costs      Income     Interest    Repairs      Value      Outgoings     Y/E Result      Usage     Y/E Result     Result

1st boat 1   $108,532     $11,314   $66,068    $31,150     $13,124                $12,400       $102,906       $5,626        $9,198     $14,824       $14,824
         2   $108,532     $11,314   $66,068    $31,150     $13,124                $12,400       $102,906       $5,626        $9,198     $14,824       $29,648
         3   $108,532     $11,314   $66,068    $31,150     $13,124                $12,400       $102,906       $5,626        $9,198     $14,824       $44,472
         4   $108,532     $11,314   $66,068    $31,150     $13,124                $12,400       $102,906       $5,626        $9,198     $14,824       $59,296
         5   $108,532     $11,314   $66,068    $31,150     $13,124                $12,400       $102,906       $5,626        $9,198     $14,824       $74,120
         6   $108,532     $11,314   $66,068    $31,150      $3,788     $2,480      $6,200        $89,850      $18,682        $8,570     $27,252      $101,372
         7   $108,532     $11,314   $66,068    $31,150      $3,788     $2,728      $6,200        $90,098      $18,434        $8,597     $27,031      $128,403
         8   $108,532     $11,314   $66,068    $31,150      $3,788     $3,001      $6,200        $90,371      $18,161        $8,626     $26,787      $155,190
         9   $108,532     $11,314   $66,068    $31,150      $3,788     $3,301      $6,200        $90,671      $17,861        $8,658     $26,519      $181,709
        10   $108,532     $11,314   $66,068    $31,150          $0     $3,631      $6,200        $87,213      $21,319        $8,475     $29,794      $211,503
        11         $0          $0        $0         $0          $0         $0          $0             $0           $0            $0          $0      $211,503
                                                                                                                                               Seawind 1000 Business Model




Charter Boat - TAX RETURN PROFILE INDICATOR
FOR SMALL BUSINESS TAX PAYER (UNDER STS REGIME)
                                                  Year 1             Year 2                Year 3                     Year 4                      Year 5                     Year 6                     Year 7                     Year 8                      Year 9                Year 10             Year 11                 Total
Finance Arrangements:
Purchase Price (excluding GST)                $   310,000.00     $   310,000.00     $      310,000.00           $     310,000.00           $      310,000.00          $        86,800.00          $       86,800.00          $       86,800.00             $    86,800.00        $    86,800.00      $             -
Less Deposit                                  $    93,000.00     $    93,000.00     $        93,000.00          $       93,000.00          $        93,000.00
Amount to Finance                             $   217,000.00     $   217,000.00     $      217,000.00           $     217,000.00           $      217,000.00          $        86,800.00          $       86,800.00          $       86,800.00             $    86,800.00        $             -     $             -
Term (in Months)                                            60                 60                        60                          60                         60                           48                         48                            48                    48
Balloon Payment 40%                           $    86,800.00     $    86,800.00     $        86,800.00          $       86,800.00          $        86,800.00         $                  -        $                 -        $                    -        $            -        $             -     $             -
Monthly Payment                               $     3,263.68     $     3,263.68     $          3,263.68         $         3,263.68         $         3,263.68         $          2,124.00         $         2,124.00         $         2,124.00            $     2,124.00        $     2,124.00      $             -

Boat Chartering Activity
Initial Purchase price of boat                $   310,000.00     $   310,000.00     $      310,000.00           $     310,000.00           $      310,000.00          $      310,000.00           $     310,000.00           $      310,000.00             $   310,000.00        $   310,000.00      $   300,000.00          $   300,000.00
Estimated Average Daily Charter Fee               $620               $620                   $620                        $620                       $620                       $620                       $620                        $620                      $620                   $620                 $0                     $0
Estimated number of charter days                   175                175                    175                        175                         175                        175                        175                         175                       175                   175                  0                     1750
Estimated number of private use days               21                 21                      21                         21                          21                         21                         21                          21                       21                     21                  0                      210
Est TOTAL number of active use days                196                196                    196                        196                         196                        196                        196                         196                       196                   196                  0                     1960
Private use % of total                             11                 11                      11                         11                          11                         11                         11                          11                       11                     11                  0                       0

Annual Tax Calculation:

Income estimation
Estimated Gross income                        $   108,532.00     $   108,532.00     $      108,532.00           $     108,532.00           $      108,532.00          $      108,532.00           $     108,532.00           $      108,532.00             $   108,532.00        $   108,532.00      $             -     $ 1,085,320.00
Estimated Holding costs                       $    11,314.00     $    11,314.00     $        11,314.00          $       11,314.00          $        11,314.00         $        11,314.00          $       11,314.00          $       11,314.00             $    11,314.00        $    11,314.00      $             -     $       113,140.00
Estimated Actual Use costs                    $    66,068.00     $    66,068.00     $        66,068.00          $       66,068.00          $        66,068.00         $        66,068.00          $       66,068.00          $       66,068.00             $    66,068.00        $    66,068.00      $             -     $       660,680.00
Estimated Return % on GST excl price               10%                10%                    10%                        10%                        10%                        10%                         10%                        10%                        10%                   10%                 10%                            10%
Estimated "Net" annual payment to owner       $    31,150.00     $    31,150.00     $        31,150.00          $       31,150.00          $        31,150.00         $        31,150.00          $       31,150.00          $       31,150.00             $    31,150.00        $    31,150.00      $             -     $       311,500.00
(before interest & depreciation)

Expenses estimation
Estimated Holding costs                       $    11,314.00     $    11,314.00     $        11,314.00          $       11,314.00          $        11,314.00         $        11,314.00          $       11,314.00          $       11,314.00             $    11,314.00        $    11,314.00      $             -     $       113,140.00
Estimated Actual Use costs                    $    66,068.00     $    66,068.00     $        66,068.00          $       66,068.00          $        66,068.00         $        66,068.00          $       66,068.00          $       66,068.00             $    66,068.00        $    66,068.00      $             -     $       660,680.00
Annual Interest on CHP Facility               $    13,124.16     $    13,124.16     $        13,124.16          $       13,124.16          $        13,124.16         $          3,787.95         $         3,787.95         $         3,787.95            $     3,787.95        $             -     $             -     $        80,772.61
Depreciation 30% DV on Price Excl GST         $    46,500.00     $    79,050.00     $        55,335.00          $       38,750.00          $        27,125.00         $        18,972.00          $       13,299.00          $         9,300.00            $     6,510.00        $     4,557.00      $             -     $       299,398.00
Total expenses                                $   137,006.16     $   169,556.16     $      145,841.16           $     129,256.16           $      117,631.16          $      100,141.95           $       94,468.95          $       90,469.95             $    87,679.95        $    81,939.00      $             -     $ 1,153,990.61
Less private use component (non deductible)   $    12,246.17     $    15,155.62     $        13,035.87          $       11,553.44          $        10,514.35         $          9,551.69         $         9,013.65         $         8,635.29            $     8,372.38        $     7,962.87      $             -     $       106,041.32
Total business related expenses               $   124,759.99     $   154,400.54     $      132,805.29           $     117,702.72           $      107,116.81          $        90,590.27          $       85,455.31          $       81,834.66             $    79,307.57        $    73,976.13      $             -     $ 1,047,949.29

Add Gross Revenue                             $   108,532.00     $   108,532.00     $      108,532.00           $     108,532.00           $      108,532.00          $      108,532.00           $     108,532.00           $      108,532.00             $   108,532.00        $   108,532.00      $             -     $ 1,085,320.00


Net Annual tax Loss (Profit)                  $    16,227.99     $    45,868.54     $        24,273.29          $         9,170.72         $        (1,415.19) $              (17,941.73) $              (23,076.69) $              (26,697.34) $              (29,224.43) $          (34,555.87) $                -     -        37,370.71
Tax Rate                                                   40%                40%                     40%                         40%                        40%                        40%                        40%                            40%                   40%                    40%                 40%                   40%
Tax Refunded or (payable)                     $     6,491.20     $    18,347.42     $          9,709.31         $         3,668.29         $           (566.08) $               (7,176.69) $               (9,230.68) $             (10,678.93) $              (11,689.77) $          (13,822.35) $                -     $       (14,948.29)

Annual "After Tax" Cash Position:
Annual Finance Cost (12 x monthly payment)    $    39,164.16     $    39,164.16     $        39,164.16          $       39,164.16          $        39,164.16         $        25,487.95          $       25,487.95          $       25,487.95             $    25,487.95        $             -     $             -     $       297,772.61
Annual Net Income                             $    31,150.00     $    31,150.00     $        31,150.00          $       31,150.00          $        31,150.00         $        31,150.00          $       31,150.00          $       31,150.00             $    31,150.00        $    31,150.00      $             -     $       311,500.00
Annual Surplus or (shortfall)                 $    (8,014.16) $       (8,014.16) $            (8,014.16) $               (8,014.16) $               (8,014.16) $                 5,662.05         $         5,662.05         $         5,662.05            $     5,662.05        $    31,150.00      $             -     $        13,727.39
Tax Refunded or (payable)                     $     6,491.20     $    18,347.42     $          9,709.31         $         3,668.29         $           (566.08) $               (7,176.69) $               (9,230.68) $             (10,678.93) $              (11,689.77) $          (13,822.35) $                -     $       (14,948.29)
After Tax (Cost) or Surplus                   $    (1,522.96) $       10,333.26     $          1,695.15         $        (4,345.87) $               (8,580.24) $                (1,514.65) $               (3,568.63) $               (5,016.89) $              (6,027.72) $          17,327.65      $             -     $        (1,220.89)

                                                                                The GST component of the purchase price "1/11" should be a refundable (imputable) expense, ie recovered within the initial GST return for the Charter investor.
                                                                                                                   All of the above figures are monthly in advance based on prevailing interest rates
                                      Seawind 1000 Business Model



   Scenario where boat sold at end of year 5
                                                                   Charter Boat
                                                             Small Business Taxpayer

   Sale Proceeds
         80% of original purchase price                  $                   248,000.00

   Written Down Value                                    $                    63,240.00
   Depreciation Clawback                                 $                   184,760.00
   Tax Rate used                                         $                         0.40
   Tax Payable                                           $                    73,904.00

   Carried Forward After Tax (Cost) or Surplus           $                    (2,420.66)
   Carried Forward Running Costs over term               $                          -
   Carried Forward (Costs) or Surplus Total              $                    (2,420.66)


   Summary

   Tax Payable                                           $                    73,904.00
   Plus Carried Forward Costs (Surplus) Total            $                     2,420.66
   Plus Balloon payment                                  $                    86,800.00
   Plus Initial Deposit (if applicable)                  $                    93,000.00
   Less Sale Proceeds                                    $                   248,000.00
   Total after Tax cost (surplus) of boat over term      $                     8,124.66




These figures are based on Industry historical data and do not represent a guarantee of income. At all times
        we strongly recommend you consult with your accountant when purchasing a charter vessel
                                      Seawind 1000 Business Model


     Scenario where boat sold at end of year 10

                                                                     Charter Boat
                                                               Small Business Taxpayer

     Sale Proceeds
           70% of original purchase price                  $                   217,000.00

     Written Down Value                                    $                    10,602.00
     Depreciation Clawback                                 $                   206,398.00
     Tax Rate used                                         $                         0.40
     Tax Payable                                           $                    82,559.20

     Carried Forward After Tax (Cost) or Surplus           $                     (1,220.89)
     Carried Forward Running Costs over term               $                           -
     Carried Forward (Costs) or Surplus Total              $                     (1,220.89)


     Summary

     Tax Payable                                           $                    82,559.20
     Plus Carried Forward Costs (Surplus) Total            $                     1,220.89
     Plus Initial Deposit (if applicable)                  $                    93,000.00
     Less Sale Proceeds                                    $                   217,000.00
     Total after Tax cost (surplus) of boat over term      $                   (40,219.91)




These figures are based on Industry historical data and do not represent a guarantee of income. At all times
        we strongly recommend you consult with your accountant when purchasing a charter vessel

				
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