Page 61 - SIGA Annual Report 2013

Basic HTML Version

Saskatchewan Indian Gaming Authority Inc.
Notes to the Financial Statements
year ended March 31, 2013
61
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
2013
2012
Revenues
$ 241,513,502
$ 10,026,842 $ 21,582,906
$ (4,556,183)
$ 268,567,067
$ 267,222,998
Expenses
142,019,398
13,048,222
31,599,035
(4,556,183)
182,110,472
185,581,697
Profit (loss) before
the following:
$ 99,494,104
$ (3,021,380)
$ (10,016,129)
$
$ 86,456,595
$ 81,641,301
Unrealized gain (loss) on interest rate swaps (Note 11)
317,744
(2,489,098)
Total net income and comprehensive income for the year before distribution
to Saskatchewan Liquor and Gaming Authority (Note 1 & 9)
$ 86,774,339
$ 79,152,203
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 gain (loss) 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, 2013
March 31, 2012
Less than one year
$ 5,512,325
$ 5,417,832
Between one and five years
17,883,425
15,999,296
More than five years
3,851,072
4,692,995
$ 27,246,822
$ 26,110,123
The above commitments include amounts committed to related parties of $21,960,672 for years 2014 through 2018 and $3,836,189 for the
years beyond 2018.
During the year ended March 31, 2013, an amount of $11,202,330 (2012 – $11,326,293) was recognized as an expense in comprehensive
income in respect of operating leases.