Page 55 - SIGA Annual Report 2014

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NOTES TO
THE FINANCIAL
STATEMENTS
YEAR ENDED
MARCH 31, 2014
55
12. FINANCE LEASE OBLIGATION (CONTINUED)
As at March 31, 2014, scheduled future minimum lease payments of the finance lease obligation are as follows:
1 year
1-5 years
More than
5 years
Future minimum lease payments
$ 6,531,617
$ 26,126,469
$ 53,480,784
Present value of finance lease obligation
1,397,799
7,638,261
33,745,558
Due to the related party nature of the finance lease obligation, fair value information has not been disclosed as fair value cannot
be reliably measured.
13. UNCOMMITTED NET PROCEEDS OF TABLE OPERATIONS
The Casino Operating Agreement provides for SIGA to use any net income from the operation of licensed table games
for charitable or religious objects or purposes. Distributions of funds were made during the year as follows:
March 31, 2014
March 31, 2013
Balance, beginning of year
$
$
Net loss from table operations (Note 22)
(3,306,857)
(3,021,380)
(3,306,857)
(3,021,380)
Net loss from table operations allocated to slot operations
3,306,857
3,021,380
Amounts disbursed
Balance, end of year
$
$
14. REVENUE
March 31, 2014
March 31, 2013
Gaming
$ 229,395,738
$ 246,984,162
Ancillary
21,376,994
21,582,905
$ 250,772,732
$ 268,567,067