CRA Annual Report to Parliament 2005-2006

Disclaimer

We do not guarantee the accuracy of this copy of the CRA website.

Scraped Page Content

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 $2,612,160 and accumulated amortization of $163,260 as at March 31, 2006 ($9,708,000 and $9,118,000 respectively as at March 31, 2005). The obligations for the upcoming years include the following:

2006
2005
(in thousands of dollars)
2005-2006
480
2006-2007
1,032
2007-2008
1,032
2008-2009
430
Total future minimum lease payments
2,494
480
Less: imputed interest (3.86%)
115
5
Balance of lease obligations for capital assets
2,379
475


Audited

Date modified:
2006-11-23