Albertsons 2013 Annual Report Download - page 75
Download and view the complete annual report
Please find page 75 of the 2013 Albertsons annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65 -
66 -
67 -
68 -
69 -
70 -
71 -
72 -
73 -
74 -
75 -
76 -
77 -
78 -
79 -
80 -
81 -
82 -
83 -
84 -
85 -
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
 |
 |
Rent expense and subtenant rentals under operating leases consisted of the following:
2013 2012 2011
Minimum rent $ 127 $ 118 $ 133
Contingent rent 6 2 —
133 120 133
Subtenant rentals (13) (15) (28)
$ 120 $ 105 $ 105
The Company leases certain property to third parties under both operating and direct financing leases. Under the
direct financing leases, the Company leases buildings to independent retail customers with terms ranging from
one to seven years. Future minimum lease and subtenant rentals under noncancellable leases as of February 23,
2013, consist of the following:
Lease Receipts
Fiscal Year
Operating
Leases
Direct
Financing
Leases
2014 $11$ 2
2015 82
2016 72
2017 6—
2018 4—
Thereafter 41
Total minimum lease receipts $ 40 7
Less unearned income (1)
Net investment in direct financing leases 6
Less current portion (2)
Long-term portion $4
The carrying value of owned property leased to third parties under operating leases was as follows:
2013 2012
Property, plant and equipment $ 4 $ 6
Less accumulated depreciation (3) (3)
Property, plant and equipment, net $ 1 $ 3
73