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Mota-Engil Africa NV (LTS:0R6D) Long-Term Capital Lease Obligation : €0 Mil (As of Dec. 2014)


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What is Mota-Engil Africa NV Long-Term Capital Lease Obligation?

Mota-Engil Africa NV's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2014 was €0 Mil.


Mota-Engil Africa NV Long-Term Capital Lease Obligation Historical Data

The historical data trend for Mota-Engil Africa NV'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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Mota-Engil Africa NV Long-Term Capital Lease Obligation Chart

Mota-Engil Africa NV Annual Data
Trend Dec11 Dec12 Dec13 Dec14
Long-Term Capital Lease Obligation
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Mota-Engil Africa NV Semi-Annual Data
Dec11 Dec12 Dec13 Dec14
Long-Term Capital Lease Obligation - - - -

Mota-Engil Africa NV  (LTS:0R6D) 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.

Mota-Engil Africa NV Long-Term Capital Lease Obligation Related Terms

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Mota-Engil Africa NV (LTS:0R6D) Business Description

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Mota-Engil Africa NV was incorporated on October 31, 2012 by a notarial deed of incorporation as a private company with limited liability under the laws of the Netherlands. The Company is a provider of integrated engineering and construction services. The Company also provides other services, across its target markets in Sub-Saharan Africa. Its portfolio of services ranges from Engineering and Construction which includes infrastructure such as roads, railways, bridges and dams, mining services, civil construction works and real estate construction and services, Logistics which includes ports and other infrastructure management and Environment and Services which includes waste management and collection and water treatment and distribution. The Company currently operates in ten countries comprising its primary markets of Angola, Malawi and Mozambique as well as its other markets of Cape Verde, Ghana, São Tomé and Príncipe, South Africa, Uganda, Zambia and Zimbabwe.

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