IFS Construction Services (ASX:IFS) Long-Term Capital Lease Obligation : A$0.42 Mil (As of Dec. 2011)

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What is IFS Construction Services Long-Term Capital Lease Obligation?

IFS Construction Services's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2011 was A$0.42 Mil.

IFS Construction Services's quarterly Long-Term Capital Lease Obligation increased from Dec. 2009 (A$0.42 Mil) to Dec. 2010 (A$0.57 Mil) but then declined from Dec. 2010 (A$0.57 Mil) to Dec. 2011 (A$0.42 Mil).

IFS Construction Services's annual Long-Term Capital Lease Obligation increased from Dec. 2009 (A$0.42 Mil) to Dec. 2010 (A$0.57 Mil) but then declined from Dec. 2010 (A$0.57 Mil) to Dec. 2011 (A$0.42 Mil).

IFS Construction Services Long-Term Capital Lease Obligation Historical Data

The historical data trend for IFS Construction Services'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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IFS Construction Services Long-Term Capital Lease Obligation Chart

IFS Construction Services Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Long-Term Capital Lease Obligation

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0.42

0.57

0.42

IFS Construction Services Semi-Annual Data
	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			-	-	0.42	0.57	0.42

IFS Construction Services (ASX:IFS) 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.

IFS Construction Services Long-Term Capital Lease Obligation Related Terms

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IFS Construction Services (ASX:IFS) Business Description

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IFS Construction Services Ltd provides formwork, scaffolding, screening, engineering and design services. The Company's operations are based in Australia, South East Asia and the Middle East.