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Table 1

Table 1

Date Calculation of Interest on Maintenance Arrears that Accrued on and after 1 May 2005 Maintenance Due Outstanding Item(s) BEFORE Payment Payment made by the Payer Total Fund available to meet obligation Outstanding Item(s) AFTER Payment Remaining Balance(if any)
Outstanding maintenance since the last calculation No. of days since last calculation Effective Judgment Rate during the last period Interest amount Interest Maintenance ON AND AFTER 1 May 05 Maintenance BEFORE 1 May 05 Interest Maintenance ON AND AFTER 1 May 05 Maintenance BEFORE 1 May 05
(a) (b) (c) (d) (e) (f) (g) (h) (i) (j) (k) (L) (m) (n) (o)
  [note1]     [note2]   [Note 3] [Note 4] [Note 5]   [Note 6] [Note 7] [Note 8] [Note 9] [Note 10]
1.2.05 0 0 N/A 0 2,000 0 0 2,000 0 0 0 0 2,000 0
14.2.05 0 0 8.069% 0 0 0 0 2,000 1,500 1,500 0 0 500 0
1.3.05 0 0 8.069% 0 2,000 0 0 2,500 0 0 0 0 2,500 0
1.4.05 0 0 8.069% 0 2,000 0 0 4,500 1,000 1,000 0 0 3,500 0
30.4.05 0 0 8.000% 0 0 0 0 3,500 0 0 0 0 3,500 0

[Note 1] b = entry m of the previous row (if any)
[Note 2] e = b x c x d / number of days in the year
[Note 3] g = entry l of the previous row (if any) + entry e of the current row
[Note 4] If the date of the current row is ON and AFTER the commencement date of the ordinance
  h = entry m of the previous row (if any) + entry f of the current row
  Otherwise,
  h = 0
[Note 5] If the date of the current row is ON and AFTER the commencement date of the ordinance
  i = entry n of the previous row (if any)
  Otherwise,
  i = entry n of the previous row (if any) + entry f of the current row
[Note 6] k = entry o of the previous row (if any) + entry j of the current row
[Note 7] l (interest) = the first item to be discharged in the priority call on payments made by the maintenance payer
  If k > or = g , then l = 0
  If g > k > 0, then l = g – k
  If k = 0, then l = g
[Note 8] m (outstanding maintenance accrued ON and AFTER the commencement date of the ordinance)= in this scenario the second item to be discharged in the priority call on payments made by the maintenance payer
  If k > or = (g + h) , then m = 0
  If k < (g + h) and l = 0 , then m = h - (k - g)
  If k < (g + h) and l > 0 , then m = h
  If k = 0, then m = h
[Note 9] n (outstanding maintenance accrued BEFORE the commencement date of the ordinance) = in this scenario the third item to be discharged in the priority call on payments made by the maintenance payer
  If k > or = (g + h + i) , then n = 0
  If k < (g + h + i) and m = 0 , then n = i - (k - g - h)
  If k < (g + h + i) and m > 0 , then n = i
  If k = 0, then n = i
[Note 10] o (Remaining Balance)
  If n = 0, then o = k – (g + h + i)
  If n > 0, then o = 0