Creative 2002 Annual Report Download - page 20

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18
MANAGEMENT’S DISCUSSION AND ANALYSIS OF
FINANCIAL CONDITION AND RESULTS OF OPERATIONS
CONTRACTUAL OBLIGATIONS AND COMMERCIAL COMMITMENTS
The following table presents the contractual obligations and commercial commitments of Creative as of June 30, 2002:
Payments Due by Period (US$’000)
Less than 1 to 3 4 to 5 After 5
Contractual Obligations Total 1 year years years years
Long Term Debt $ 27,560 $ 19,228 $ 8,332 $ – $ –
Short Term Debt 757 757 – – –
Capital Lease Obligations 7,919 3,556 4,269 94 –
Operating Leases 50,924 11,912 17,402 7,208 14,402
Unconditional Purchase Obligations 47,371 47,371 – – –
Other Long Term Obligations 2,754 2,452 302 – –
Total Contractual Cash Obligations
$ 137,285 $ 85,276 $ 30,305 $ 7,302 $ 14,402
As of June 30, 2002, Creative has utilized approximately $6.5 million under guarantees, letters of credit, overdraft and
short term loan facilities.
RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS
Please refer to Note 1 of “Notes to Consolidated Financial Statements” for the discussion of recently issued accounting
pronouncements.