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Uranium Focused Energy Fund (TSX:UF.UN) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Dec. 2012)


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What is Uranium Focused Energy Fund Long-Term Capital Lease Obligation?

Uranium Focused Energy Fund's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2012 was C$0.00 Mil.


Uranium Focused Energy Fund Long-Term Capital Lease Obligation Historical Data

The historical data trend for Uranium Focused Energy 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.

* Premium members only.

Uranium Focused Energy Fund Long-Term Capital Lease Obligation Chart

Uranium Focused Energy Fund Annual Data
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Uranium Focused Energy Fund Semi-Annual Data
Jun07 Dec07 Jun08 Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12
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Uranium Focused Energy Fund  (TSX:UF.UN) 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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Uranium Focused Energy Fund (TSX:UF.UN) Business Description

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Uranium Focused Energy Fund is a closed-end investment trust established under the laws of the Province of Alberta. Middlefield Limited is the trustee and manager of the Fund. Middlefield Capital Corporation, a company under common control with the Manager, is the advisor to the Fund. The Fund invests in securities of issuers that operate in or have exposure to the uranium sector, supplemented with securities of other energy related issuers that operate in or have exposure to the energy sector. The investment objectives of the Fund are to achieve capital appreciation of the Portfolio over the life of the Fund and pay quarterly distributions to Unitholders.

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