Transfer Pricing
1. Aufl. 2021
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11. Financial Transactions
11.1. Description of the facts
11.1.1. Intra-group loan
Zeitgaist Finance LLC issues a loan to Zeitgaist GmbH. Zeitgaist GmbH needs this capital in order to renovate the production and manufacturing site as part of the relocation of the production of the SmartGaist brand watches (see chapter 10) and to acquire industrial robots for the first time in the company’s history. The renovation of the production and manufacturing site is intended to make it more attractive for current and future employees and to bring it up to the latest state of the art. With the industrial robots, production and manufacturing will be more efficient and effective. Overall, Zeitgaist GmbH expects a savings potential in the double-digit million range in the next 10 years.
The cost of this project amounts a total of EUR 8 mio. Zeitgaist GmbH is financing 25 % with equity capital and 75 % with the loan from Zeitgaist Finance LLC. The following data is known:
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Loan amount | EUR 6 mio |
Loan disbursement | 1 January 2019 |
Due date | 31 December 2024 |
Repayment | Final maturity |
Interest rate | 7.5 % p. a. nominal, payable annually |
Interest p. a. | EUR 450,000 |
Currency | EUR |
Collateral | None |
Maturity matching external capital ... |