Mitchell Communication Group Limited (ASX:MCU) Long-Term Capital Lease Obligation : A$0.0 Mil (As of . 20)

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What is Mitchell Communication Group Limited Long-Term Capital Lease Obligation?

Mitchell Communication Group Limited's Long-Term Capital Lease Obligation for the quarter that ended in . 20 was A$0.0 Mil.

Mitchell Communication Group Limited's annual Long-Term Capital Lease Obligation increased from Jun. 2008 (A$60.0 Mil) to Jun. 2009 (A$73.0 Mil) but then declined from Jun. 2009 (A$73.0 Mil) to Jun. 2010 (A$70.0 Mil).

Mitchell Communication Group Limited Long-Term Capital Lease Obligation Historical Data

The historical data trend for Mitchell Communication Group Limited'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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Mitchell Communication Group Limited Long-Term Capital Lease Obligation Chart

Mitchell Communication Group Limited Annual Data

Trend

Jun01

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Jun10

Long-Term Capital Lease Obligation

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26.00

60.00

73.00

70.00

Mitchell Communication Group Limited Quarterly Data

Long-Term Capital Lease Obligation

Mitchell Communication Group Limited (ASX:MCU) 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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Mitchell Communication Group Limited (ASX:MCU) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Mitchell Communication Group Limited (ASX:MCU) » Definitions » Long-Term Capital Lease Obligation

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http://www.mitchells.com.au

Mitchell Communication Services (MCU, formerly emitch Limited) is Australia's largest independently owned communications group, a media and buying agency, in Australia and New Zealand.

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