SPV Solutions - ad hoc

In addition to recurring solutions, AMS provide ad hoc solutions.

Financial models often have to be rewritten – the model used for financial close is rarely with ongoing monitoring and reporting in mind. AMS has undertaken contracts to make Financial Close models less unwieldy and more useful as an ongoing management tool. This makes the management of the project more efficient as relevant data becomes more readily available.

Sometimes a model has to be adapted and partially rewritten to accommodate new accounting rules, or accounting options elected to enhance shareholder returns. A typical example of this would be the change from Fixed Asset to Financial Asset (Finance Debtor) accounting made either by choice or necessity in many projects. Another example may be where more innovative and advantageous treatment of lifecycle costs and reserving (and associated tax treatment) can be adopted. The required treatment of costs regarding raising of debt has also changed over the past few years and AMS has revised and rewritten many models for clients to ensure that the Financial model reflects the required treatment.

AMS has also undertaken contracts to write 'sub-models' which provide data to run scenarios in the main Financial Model. A typical example here would be where sales projections are run to estimate changes to the Unitary Fee, which is the fed back into the main model for scenario modelling.

Refinancing and reprofiling of debt is also an area where AMS has been active. In the past we have written functionality into models, which shows the effect of various changes and refinancing opportunities. Typically, this will be done such that a series of 'switches' can be thrown in the model to demonstrate the effect each change has individually as well as in aggregate. This has proved to be very useful in agreeing the changes with the various parties involved.

In summary, it is difficult to be in total, knowledgeable control of the project and its finances if you do not have a suitable and usable model to work with. 'Making it fit' is almost always a false economy.