Download PDF (619 ko )FSST and CSST Financial Statements 2007
Download PDF (619 ko )FSST and CSST Financial Statements 2007
Download PDF (619 ko )FSST and CSST Financial Statements 2007
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14. Long-term Debts<br />
<strong>FSST</strong> <strong>Financial</strong> <strong>Statements</strong><br />
Obligations under capital leases at interest rates varying<br />
from 2.6% to 4.3% (2006: 2.6% <strong>and</strong> 3.3%), maturing until 2012 605 466<br />
Obligations under the financing of leasehold improvements<br />
included in leases at interest rates varying from 2.6% to 4.3%<br />
(2006: 2.6% <strong>and</strong> 3.3%), maturing until 2015 1,375 1,714<br />
Future minimum payments are as follows:<br />
2008 583<br />
2009 488<br />
2010 345<br />
2011 284<br />
2012 201<br />
2013 to 2015 217<br />
Total minimum payments 2,118<br />
Less: amount representing the interest included<br />
in minimum payments 138<br />
<strong>2007</strong> 2006<br />
(in thous<strong>and</strong>s of dollars)<br />
1,980 2,180<br />
1,980<br />
The fair value of long-term debts (obligations arising from capital leases <strong>and</strong> the financing of<br />
leasehold improvements included in the leases), which represents the present value of future<br />
payments at the market rate on December 31, <strong>2007</strong>, is $1,924,340 (2006: $2,089,099).<br />
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