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China Cultural Tourism and Agriculture Group (HKSE:00542) Long-Term Capital Lease Obligation : HK$0.0 Mil (As of Dec. 2024)


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What is China Cultural Tourism and Agriculture Group Long-Term Capital Lease Obligation?

China Cultural Tourism and Agriculture Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was HK$0.0 Mil.


China Cultural Tourism and Agriculture Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for China Cultural Tourism and Agriculture Group'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 Cultural Tourism and Agriculture Group Long-Term Capital Lease Obligation Chart

China Cultural Tourism and Agriculture Group Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Long-Term Capital Lease Obligation
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China Cultural Tourism and Agriculture Group Semi-Annual Data
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China Cultural Tourism and Agriculture Group  (HKSE:00542) 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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China Cultural Tourism and Agriculture Group Business Description

Traded in Other Exchanges
N/A
Address
No. 121 Des Voeux Road Centra, Units 2105 and 2106, Far East Consortium Building, Kowloon, HKG
China Cultural Tourism and Agriculture Group Ltd is engaged in the Property development segment comprises the development and sales of properties and provision of ancillary services, including agency and clubhouse operating services; the Hotel business segment comprises the sub-licensing rights to hotel operators and hotel management activities, and Other Business, including Trading of goods. It derives maximum revenue from the Property Development Segment. The company generated its revenue from PRC.
Executives
Lin Rujie 2202 Interest of your spouse
Yang Lijun 2201 Interest of corporation controlled by you
Huang Anfeng 2101 Beneficial owner
Bright Goal Investment Holding Limited
Chen Kaijun 2201 Interest of corporation controlled by you
High Summit Global Limited 2101 Beneficial owner
All Great International Holdings Limited 2101 Beneficial owner
Honor Huge Investment Holdings Limited 2201 Interest of corporation controlled by you
Jade Leader International Investment Limited 2201 Interest of corporation controlled by you
Shirble Department Store Holdings (china) Limited 2201 Interest of corporation controlled by you
Huang Xue Rong 2304 Executor or administrator
Yang Xiang Bo 2201 Interest of corporation controlled by you
Zhang Zhen Cheng 2101 Beneficial owner

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