PROCESS TITLE: MONTHLY LOAN STATEMENT ROLLOVER

PROCESS REFERENCE: 04-LOANS-002

DOCUMENT SUMMARY

PROCESS GROUP
OWNER TREASURY
TARGET TREASURY
AUDIENCE TEAM
SYSTEM EXCEL
AUTHOR LISA
KOCHANEK
REVIEWER ANTHONY
MERCER
VERSION 1.2
PUBLISH DATE
REVIEW DATE

VERSION CONTROL

1.1 FIRST ISSUED 17TH NOVEMBER 2016

1.2 ISSUED 15TH JANUARY 2020

Page 1 of 3
 Monthly Loan Statement Rollover

1. Open the loan statement from the previous month and save down in the current month folder (Rename
the file to reflect the last day of the current month)

2. Create a copy of the previous period’s tab and rename to reflect the current period.

3. Change the formula in the “Interest Balance carried forward” section to reflect the“Accrued interest at
period end” from previous month.

The loan interest gets capitalised quarterly on most loan statements (for some of the long term this
doesn’t apply, so check the terms and conditions at the end of each quarter), therefore in these month it
should be reflected in the Total Interest Paid in Period line. All other month this stays null.

4. The closing facility usage from previous period is the opening balance of the new loan statement,
therefore the formula needs to be changed to reflect the closing balance from the previous period.

Page 2 of 3
5. Now you can delete out all transactions that were settled through the loan in the previous month as well
as the date they occurred on. (cells B – F + O)

6. In the Interest Accrued from/to section set the starting date as the last day of the previous month and the
end date should equal the last day of the current month. This will change as the first transactions get
settled through the loan statement.

7. Loan period (cell C27) needs to be updated to reflect the current period. This cell should equal the last
day of the current month.

Page 3 of 3