The financial expenses incurred are 450,000 yuan, of which 654.38+million yuan is the interest expense of borrowing from non-financial institutions, with an annual interest rate of 8%, and the interest rate of similar bank loans in the same period is 5%.

According to the relevant provisions of the enterprise income tax law, if certain conditions are met, the loan interest paid does not exceed the interest rate of similar loans of banks in the same period and can be deducted before tax. The excess part is also not allowed to be carried forward to the next year for deduction. 62500 yuan is allowed to be deducted.