Page 72 - 2007_2008_Annual_Report

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SASKATCHEWAN INDIAN GAMING AUTHORITY
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11. Capital Lease Obligation:
On December 23, 2004 SIGA entered into an agreement with STC Casino Holdings Limited Partnership,
a related party, for lease of Dakota Dunes Casino on Whitecap Dakota First Nation.
The minimum lease payments under the capital lease obligation are as follows:
2009
$ 2,248,477
2010
2,248,477
2011
2,248,477
2012
2,248,477
2013
2,248,477
2014 and subsequent
31,853,428
Total minimum lease payments
43,095,813
Amount representing interest
(26,503,140)
Balance of the obligation
16,592,673
Less current portion
(230,645)
$ 16,362,028
Due to the related party nature of the capital lease obligation, fair value information has not been
disclosed as fair value cannot be reliably measured.
12. Commitments:
Leases:
SIGA has obligations under operating leases for buildings, equipment and vehicles. The minimum lease
payments required under these operating leases over the next five years are as follows:
2009
$ 3,623,847
2010
3,067,960
2011
2,967,417
2012
2,947,874
2013
2,921,851
The above commitments include amounts committed to related parties of $1,245,231 for years 2009
through 2013.
S A S K A T C H E WA N I N D I A N G A M I N G A U T H O R I T Y I N C .
Notes to the Consolidated Financial Statements
Year ended March 31, 2008