CCRA Annual Report to Parliament 2004-2005

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http://www.cra-arc.gc.ca/gncy/nnnl/2004-2005/prfrmnc-e/fn_stmt_dt_gcy19-eng.html

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Audited Financial Statements - Agency Activities

Notes to the Financial Statements - Agency Activities

13. Capital lease obligations

The Agency has entered into agreements to rent information technology equipment under capital leases with a cost of $9,708,000 and accumulated amortization of $9,118,000 as at March 31, 2005 ($9,690,000 and $6,559,000 respectively as at March 31, 2004). The obligations for the upcoming years include the following:
2005
2004
(in thousands of dollars)
2004-2005
-
2,906
2005-2006
480
480
Total future minimum lease payments
480
3,386
Less: imputed interest (3.81% - 6.17%)
5
105
Balance of obligations under capital leases
475
3,281



Date modified:
2005-10-26