2023-03-14
We would like to inform you that InRento has transferred the investors the share of the profit of InRento, which is distributed on the sale of the Project Assets. However, these changes will not have any effect on the profit amounts that could be distributed to the investors. In all situations the Project owner pays investors 2% fixed annual interest upon repayment of the Loan based on the Amount invested. Please find a detailed explanation below.
Previously, the investor’s profit share was set based on the investment amount:
Invested up to EUR 5,000 – 0%, additionally 2% fixed annual interest is paid;
Invested from EUR 5,000 EUR (inclusive) up to EUR 15,000 – 5%, additionally 2% fixed annual interest is paid;
Invested from EUR 15,000 EUR (inclusive) up to EUR 30,000 – 10%, additionally 2% fixed annual interest is paid;
Invested from EUR 30,000 EUR (inclusive) up to EUR 50,000 – 15%, additionally 2% fixed annual interest is paid;
Invested from EUR 50,000 EUR (inclusive) – 20%, additionally 2% fixed annual interest is paid;
After InRento has transferred its share of the profit, all investors’ share of the profit is equal to 20% and additionally 2% fixed annual interest is paid. However, based on the amount invested, an accounting fee may be applied:
Invested up to EUR 5,000 – 1;
Invested from EUR 5,000 (inclusive) up to EUR 15,000 – 0.75;
Invested from EUR 15,000 (inclusive) up to EUR 30,000 – 0.5;
Invested from EUR 30,000 (inclusive) up to EUR 50,000 – 0.25;
Invested from EUR 50,000 (inclusive) – 0 (investment terms have not changed).
In the case of this project, for a certain group of investors in case of payout, the net payout amount grows. Below you can find an example and comparison of how a payout of 100 EUR changes based on the previous and updated structure:
Previous structure:
Invested up to EUR 5,000 – payable profit 0 EUR = 0% * EUR 100, additionally 2% fixed annual interest is paid;
Invested from EUR 5,000 (inclusive) up to EUR 15,000 – payable profit 5 EUR = 5% * EUR 100, additionally 2% fixed annual interest is paid;
Invested from EUR 15,000 (inclusive) up to EUR 30,000 – payable profit 10 EUR = 10% * EUR 100, additionally 2% fixed annual interest is paid;
Invested from EUR 30,000 (inclusive) up to EUR 50,000 – payable profit 15 EUR = 15% * EUR 100, additionally 2% fixed annual interest is paid;
Invested from EUR 50,000 (inclusive) payable profit 20 EUR = 20% * EUR 100 (investment terms have not changed), additionally 2% fixed annual interest is paid.
From now:
Invested up to EUR 5,000 – payable profit 0 EUR = 20% * EUR 100 * (1-1). The amount has not changed, additionally 2% fixed annual interest is paid.
Invested from EUR 5,000 (inclusive) up to EUR 15,000 – payable profit 5 EUR = 20% * EUR 100 * (1-0.75). The amount has not changed, additionally 2% fixed annual interest is paid.
Invested from EUR 15,000 (inclusive) up to EUR 30,000 – payable profit 10 EUR = 20% * EUR 100 * (1-0.5). The amount has not changed, additionally 2% fixed annual interest is paid.
Invested from EUR 30,000 (inclusive) up to EUR 50,000 – payable profit 15 EUR = 20% * EUR 100 * (1-0.25). The amount has not changed, additionally 2% fixed annual interest is paid.
Invested from EUR 50,000 (inclusive) payable profit 20 EUR = 20% * EUR 100 * (1-0). Investment terms have not changed, additionally 2% fixed annual interest is paid.
We are introducing this fee in order to optimize and standardize the methodology of internal accounting procedures and resources, due to the reason the payable amounts and percentages range between projects. This is an operationally intensive process. Additionally, for every payment InRento facilitates, it pays service fees to payment services providers, and in order to ensure cash flow positive operations, a decision was taken to introduce a percentage based tariff on profit rather than gross project profit.
We would like to clarify that investors’ interest from a share of the profit to be distributed on the sale of the assets will be paid out net, which means all applicable fees will be deducted before payment.
