CRA Annual Report to Parliament 2006-2007

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Audited Financial Statements - Agency Activities

Notes to the Financial Statements - Agency Activities

6. Lease obligations for capital assets

The Agency has entered into agreements to rent information technology equipment under capital leases with a cost of $3,761,926 and accumulated amortization of $1,142,820 as at March 31, 2007 ($2,612,160 and $163,260 respectively as at March 31, 2006). The obligations for the upcoming years include the following:

2007
2006
(in thousands of dollars)
2006-2007
-
1,032
2007-2008
1,823
1,032
2008-2009
761
430
Total future minimum lease payments
2,584
2,494
Less: imputed interest (4%)
74
115
Balance of lease obligations for capital assets
2,510
2,379



Date modified:
2007-11-01