Comparing private yacht ownership with owning a fraction in one of our fleets vessels is like comparing apples with pears, or rather apples with watermelons. With an equal amount you would purchase a private yacht substantially smaller than our 110 ft yachts, all the other benefits aside. Nevertheless below follows an overview in which costs of private yacht ownership are set off against those connected to a fraction in Long Tall Sally, our first expedition sailing vessel.
Possible tax benefits have not been mentioned yet. Currently we are having talks with the tax inspector. Hopefully these talks will result in the confirmation that the owners may deduct most of their investment from their taxable income. Their investment would thus, for a large part, become available to the owners, reducing the annual expenses with an amount equal to their pro rata part of the assets depreciation.
Costs and revenues are based on market conform prices and assumptions. We can not guarantee those but we do guarantee that your annual owners expenses will not come close by far to the expenses you would have owning your private yacht.
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PRIVATE YACHT |
LONG TALL SALLY |
| BEFORE | Investment | 500.000 | 400.000 |
| Cash in | 150.000 | 150.000 | |
| Bank facility | 350.000 | Guarantee | |
| ANNUAL | Interest | 18.000 | 12.000 |
| Capital payment | 20.000 | 15.500 | |
| Running | 25.000 | 27.750 | |
| Subtotal | 63.000 | 55.250 | |
| Depreciation | 25.000 | 20.000 | |
| Total | 88.000 | 75.250 | |
| Charterincome | 28.000 | ||
| Share in profit | p.m. | ||
| TOTAL | 88.000 | 47.250 |
