CRA Annual Report to Parliament 2007-2008 - Audited Financial Statements – Agency Activities

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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 $12,777,282 and accumulated amortization of $6,783,114 as at March 31, 2008 ($3,761,926 and $1,142,820 respectively as at March 31, 2007). The obligations for the upcoming years include the following:
2008
2007
(in thousands of dollars)
2007-2008
–
1,823
2008-2009
5,443
761
Total future minimum lease payments
5,443
2,584
Less: imputed interest (3.86%-6.55%)
77
74
Balance of lease obligations for capital assets
5,366
2,510



Date modified:
2009-01-29