矿山企业的高效融资模式:信托式融资租赁

Efficient Financing Schema for Mining Enterprises:Trust-type Finance Leases

我国投资于矿山的企业,除了国有大型企业或大型民营企业外,其融资渠道都十分有限,矿山企业的行业特点使得其融资更加困难。突破传统的贷款融资模式,拓展新的融资途径是包括矿业企业在内的所有中小企业的历史性命题。而信托式融资租赁不仅实现了信托公司、融资租赁公司的表外融资,不影响它们的资信状况,不会稀释股权、收益;还使得矿山企业在两税合一的《企业所得税法》下,可以租入的固定资产计算折旧扣除;同时,矿山企业作为承租人在租赁谈判、签订合同过程中发生的、可归属于租赁项目的手续费、律师费、差旅费、印花税等初始直接费用,亦可计入租入资产价值(以按租入固定资产计算折旧扣除)。信托式融资租赁实现了供资方与融资方的双赢。

The Chinese enterprises which invest in the mining industry, except large state -owned enterprises or large private enterprises, their financing channels are very limited. Their financing is more difficult for their industry characteristics. Breaking through the traditional loan financing mod- el and widening new financing channels is the historical proposition for all small and medium - sized enterprises, including mining companies. By contrast, trust -type finance lease not only a- chieves balance - sheet financing of trust companies and financial leasing companies, and it does not affect their credit situation, dilute equity and earnings. It also enables mining companies may be rental income net of depreciation of fixed assets under the condition of the two taxes became one Enterprise Income Tax Law. At the same time, the cost paying by mining enterprises as the lessee in the lease negotiations, the signing of the contract occurred in the process may be attributable to lease the project fees, attorney fees, travel expenses, stamp duty and other initial direct costs, can also be included in the value of assets on lease for a year - lease of fixed assets depreciation deduction. Trust - type finance leases achieve a win - win situation between the party funding and the financing side.