COMMERCIAL
ASSET MANAGEMENT

As an International Business Corporation, the asset management business is committed to delivering value to Shareholders while operating and investing in accordance with the international best practices and principles. SunTerra fundamentally believes that sustainable investing is not mutually exclusive from superior returns.

 

SunTerra's Approach

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Our approach to managing our projects and specifically the assets held within them is straightforward and part of our winning strategy:

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FINANCIAL AND ACCOUNTING

• Accounting records of the company according to IFRS standards

• Annual audited financial statements

• Procurement, invoicing and payment tracking

• Quarterly and semiannual financial statements

• Monthly bank statements reconciliation

• Senior loan management

 

TAX DECLARATION

• Periodical tax declarations

• GCT

• Withholding tax

• Corporate income tax

 

TREASURY

• Monthly and annual budget preparation

• Execution of payment responsibilities

• Monthly cash flow forecast

 

INSURANCE

• Maintain all insurances required for the project

• Claim management

• Collection of insurance proceeds

 

ADMINISTRATIVE

• Billing of electricity generated to off-taker

• Land lease management

• Management of project’s responsibilities

• Interface between project and different stakeholders

• Document filing

• Maintenance of permits and patents up-to-date