First glance it looks good, couple of comments
Are we just sending those two sheets ? Or are we sending a individual statement to each owner ?
Do we need a breakdown of the advertising costs, someone is bound to ask
Where do the engineering costs go ?
Where do the capital costs and sinking fund statements go ? Are these going on a sheet 3 ?
I think we should show these costs somewhere even if we don’t charge them at Lanna just yet, but if we suddenly add them after it will cause us trouble.
Also if you want all the Owners to buy in to changing it to apartments we should let them know that there are more costs that we do not charge them for at the moment as the income for the hotel just wont stand it but would come into play later, that will also make us look a bit better.
I think we are nearly there,.