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Vividend Management Group (JSE:VIF) Long-Term Capital Lease Obligation : R0.0 Mil (As of Feb. 2014)


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What is Vividend Management Group Long-Term Capital Lease Obligation?

Vividend Management Group's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2014 was R0.0 Mil.


Vividend Management Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Vividend Management 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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Vividend Management Group Long-Term Capital Lease Obligation Chart

Vividend Management Group Annual Data
Trend Aug11 Aug12 Aug13
Long-Term Capital Lease Obligation
- - -

Vividend Management Group Semi-Annual Data
Feb11 Feb12 Feb13 Feb14
Long-Term Capital Lease Obligation - - - -

Vividend Management Group  (JSE:VIF) 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.

Vividend Management Group Long-Term Capital Lease Obligation Related Terms

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Vividend Management Group (JSE:VIF) Business Description

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Vividend Management Group was incorporated on 17 February 2010. It is a real estate investment trust ( REIT). The Company's portfolio consists of investments in assets and opportunities within the various property sectors in South Africa and abroad with primary focus on the retail, commercial, industrial and office sectors. The Company own a portfolio of 22 properties providing 223 444 square metres of retail and commercial space.

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