independent Financial consultancy

1. independent Financial consultancy Section 53A Workshop Presentation John Leahy, Director 1 March 2012

2. 1. BACKGROUND AND Purpose of Financial Model • Provide a tool for licensees to assess Section 53A compliance • Offer a predefined model to ensure consistency across annual returns • Simplify the assessment process for licensees, notwithstanding some of the more complicated calculations required under Section 53A • Save licensees time in carrying out the analysis – the model automatically performs many of the calculations required • Provide an annual mathematical analysis for the EPA which can be used as the basis for follow up with licensees

3. 2. Functionality of financial model • Clear definition is provided of how and where data is to be input • Calculations and adjustments are automatically performed (including capital cost allocations for pre and post introduction of Section 53A periods) • Tots are automatically performed • Predefined data for certain inputs • Usage/capacity data can be in Tonnes or M3 (as long as prepared consistently throughout) • Data protection to prevent licensees from overwriting or deleting certain cells • Warning messages for erroneous or inconsistent data inputs • Section 53A analysis automatically prepared - 5. Section 53A Analysis

4. 3. worked example for Notional Landfill facility • 1,000,000 capacity (but restricted to 900,000 due to planning permission) • Active for both pre and post Section 53A periods • Up to 50,000 tonnes per annum – falling off in later years • Landfill levy rates increasing in line with changes