China New Economy Fund (HKSE:00080) Long-Term Capital Lease Obligation : HK$0.20 Mil (As of Dec. 2023)

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What is China New Economy Fund Long-Term Capital Lease Obligation?

China New Economy Fund's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0.20 Mil.

China New Economy Fund's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (HK$0.13 Mil) to Jun. 2023 (HK$0.79 Mil) but then declined from Jun. 2023 (HK$0.79 Mil) to Dec. 2023 (HK$0.20 Mil).

China New Economy Fund's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$0.54 Mil) to Dec. 2022 (HK$0.13 Mil) but then increased from Dec. 2022 (HK$0.13 Mil) to Dec. 2023 (HK$0.20 Mil).

China New Economy Fund Long-Term Capital Lease Obligation Historical Data

The historical data trend for China New Economy Fund'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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China New Economy Fund Long-Term Capital Lease Obligation Chart

China New Economy Fund Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.08

0.54

0.13

0.20

China New Economy Fund Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.54	0.34	0.13	0.79	0.20

China New Economy Fund (HKSE:00080) 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.

China New Economy Fund Long-Term Capital Lease Obligation Related Terms

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China New Economy Fund (HKSE:00080) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » China New Economy Fund Ltd (HKSE:00080) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

50 Wing Lok Street, 22 Floor, CS Tower, Sheung Wan, Hong Kong, HKG

Website

http://www.chinaneweconomyfund.com

China New Economy Fund Ltd is a Hong Kong-based company principally engaged in investment. The principal investment objective of the Company is to achieve long-term capital appreciation through investing in private or listed enterprises in China, Hong Kong, Macau, and Taiwan. The Company operates through two segments. The Listed Securities segment is engaged in investment in listed securities. The Unlisted Securities segment is engaged in investment in private equity funds and private equities. The investment manager of the Company is China Everbright Securities (HK) Limited.

Executives

Sunwah Tongfang Limited	2201 Interest of corporation controlled by you
Gold Pond International Limited	2101 Beneficial owner
Luo Yan	2201 Interest of corporation controlled by you
Sui Xiao Chun	2101 Beneficial owner
Li Kun Jin	2201 Interest of corporation controlled by you
Wei Cheng Ke Ji Tou Zi Kong Gu Shen Zhen You Xian Gong Si	2201 Interest of corporation controlled by you
Festival Developments Limited	2201 Interest of corporation controlled by you
Kingsway Lion Spur Technology Limited	2101 Beneficial owner
Sunwah Kingsway Capital Holdings Limited	2201 Interest of corporation controlled by you
Choi Koon Shum	2201 Interest of corporation controlled by you
Yang Kun	2101 Beneficial owner
Cas International Investment Management Company Limited	2201 Interest of corporation controlled by you
Cas International Investments Holdings Co., Limited	2201 Interest of corporation controlled by you
China Science International Investment Company Limited	2201 Interest of corporation controlled by you
Jiang Lei	2201 Interest of corporation controlled by you

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