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Sparekassen Faaborg (OCSE:SPFA) Long-Term Capital Lease Obligation : kr0.0 Mil (As of Jun. 2013)


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What is Sparekassen Faaborg Long-Term Capital Lease Obligation?

Sparekassen Faaborg's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2013 was kr0.0 Mil.


Sparekassen Faaborg Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sparekassen Faaborg's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Sparekassen Faaborg Long-Term Capital Lease Obligation Chart

Sparekassen Faaborg Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12
Long-Term Capital Lease Obligation
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Sparekassen Faaborg Quarterly Data
Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13
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Sparekassen Faaborg  (OCSE:SPFA) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

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Sparekassen Faaborg (OCSE:SPFA) Business Description

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Sparekassen Faaborg is a regional bank. It provides traditional banking services like deposits, loans, guarantees, bonds, financial instruments & net-banking. It's portfolio of services also include construction financing, factoring, among others.

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