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Prosperity Real Estate Investment Trust (HKSE:00808) Long-Term Capital Lease Obligation : HK$0.0 Mil (As of Dec. 2023)


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What is Prosperity Real Estate Investment Trust Long-Term Capital Lease Obligation?

Prosperity Real Estate Investment Trust's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0.0 Mil.


Prosperity Real Estate Investment Trust Long-Term Capital Lease Obligation Historical Data

The historical data trend for Prosperity Real Estate Investment Trust'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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Prosperity Real Estate Investment Trust Long-Term Capital Lease Obligation Chart

Prosperity Real Estate Investment Trust Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
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Prosperity Real Estate Investment Trust Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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Prosperity Real Estate Investment Trust  (HKSE:00808) 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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Prosperity Real Estate Investment Trust (HKSE:00808) Business Description

Traded in Other Exchanges
N/A
Address
6 The Metropolis Drive, Unit 901, Level 9, Fortune Metropolis, Hunghom, Kowloon, Hong Kong, HKG
Prosperity Real Estate Investment Trust, or Prosperity REIT, owns a property portfolio in the decentralized business districts of Hong Kong. The company's segment based on geographical includes The Metropolis Tower, Prosperity Millennia Plaza, 9 Chong Yip Street, Prosperity Place, Trendy Centre, Prosperity Center, and New Treasure Centre. It derives the maximum rental income from the Metropolis Tower.
Executives
Li Ka-shing
Ck Asset Holdings Limited
Ck Asset Holdings Limited

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