Page 62 - 2012_Annual Report

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Saskatchewan Indian Gaming Authority Inc.
Notes to the Financial Statements
year ended March 31, 2012
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22. SEGMENTED INFORMATION
SIGA operates in three segments – table operations, slot operations and ancillary operations. The following table shows key amounts
by segment.
Elimination of
Total
Slot
Table
Ancillary
Intercompany
Operations
Operations
Operations
Transactions
2012
2011
Revenues
$ 238,473,582 $ 10,638,386 $ 23,060,545 $ (4,949,515) $ 267,222,998 $ 251,238,200
Expenses
146,299,869
13,670,365
30,560,978
(4,949,515) 185,581,697 187,144,029
Profit (loss) before
the following:
$ 92,173,713 $ (3,031,979) $ (7,500,433) $
– $ 81,641,301 $ 64,094,171
Unrealized (loss) gain on interest rate swaps (Note 11)
(2,489,098)
345,073
Total net income and comprehensive income for the year before distribution
to Saskatchewan Liquor and Gaming Authority (Note 1 & 9)
$ 79,152,203 $ 064,439,244
The accounting policies of the reportable segments are the same as SIGA’s accounting policies described in Note 3. Segment profit
represents the profit earned by each segment without allocation of unrealized (loss) gain on interest rate swaps and distribution to
Saskatchewan Liquor and Gaming Authority. This is the measure reported to the chief operating decision maker for the purposes of
resource allocation and assessment of segment performance.
23. COMMITMENTS AND CONTINGENCIES
OPERATING LEASES
SIGA has obligations under operating leases for buildings, equipment and vehicles. The minimum lease payments required under
these operating leases are as follows:
March 31,
March 31,
April 1,
2012
2011
2010
Less than one year
$ 5,417,832
$ 5,021,510 $ 5,409,932
Between one and five years
15,999,296
14,387,525
17,939,530
More than five years
4,692,995
6,437,259
9,716,210
$ 26,110,123
$ 25,846,294 $ 33,065,672
The above commitments include amounts committed to related parties of $20,183,518 for years 2012 through 2016 and
$4,692,995 for the years beyond 2016.
During the year ended March 31, 2012 an amount of $11,326,293 (2011 – $10,411,962) was recognized as an expense in
comprehensive income in respect of operating leases.