CCRA Annual Report to Parliament 2002-2003 Financial Statements

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12. Capital lease obligations

The Agency has entered into agreements to rent information technology equipment under capital leases with a cost of $12,214,000 and accumulated depreciation of $6,424,000 as at March 31, 2003 ($9,813,000 and $3,292,000 respectively as at March 31, 2002) (Note 8). The obligations for the upcoming years include the following:
2003
2002

(in thousands of dollars)

Year 1
3,231
2,974

Year 2
2,594
2,290

Year 3
480
1,749

Year 4
0
369

Year 5
0
0

Total future minimum lease payments
6,305
7,382

Less: imputed interest (2.86% – 6.17%)
337
578

Balance of obligations under capital leases

5,968
6,804



Date modified:
2003-10-29