worked example v1

	B	C	D	E	F
1
2
3
4	Worked Example:
5	Revenue		€1,000,000	sales plus earnings from services provided plus any other income
6	less Costs		€500,000	cost of materials and services, depreciation, rents, loan interest
7	Profit:		€500,000
8	less Pay and associated costs		€100,000
9	Gross Surplus (before tax)		€400,000
10			€80,000	Corporation tax @ 20%
11	Surplus		€320,000
12
13	Reserves		€64,000	first €50,000 of Surplus or 20% (whichever is greater)
14
15	Redemption fund		€32,000	Half of Reserves, available for discretionary redemptions
16
17	Available Surplus		€32,000	after Redemption fund
18
19	Supporter Share Fraction		10%
20	Supporter Allocation		€3,200	Interest
21
22	Preferred Interest	Supporter Shares Held
23	Holder A	50	€1.57	pro rata
24	Holder B	100	€3.13	pro rata
25	Holder C	2000	€62.65	pro rata
26	Holder D	100000	€3,132.65	pro rata
27	Total	102150
28
29	Balance of Available Surplus after Interest payments - Discretionary - if approved by Board
30			€28,800.00
31
32	Less contribution to Nominated Platform Co-operative Organisation		€288.00	1% of balance
33
34	Balance for distribution to other Member Share classes		€28,512.00
35				Number of members	Per Member
36	Music Maker Members	45%	€12,830.40	500	€25.66
37	Founder Members	0%	€0.00	55	€0.00
38	Listener Members	35%	€9,979.20	1000	€9.98
39	Collaborator Members / Other	20%	€5,702.40	30	€190.08
40		100%	€28,512.00	1585	€17.99
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