Creative 2008 Annual Report Download - page 32

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32
NOTE 6 – LEASES AND COMMITMENTS
Creative leases the use of land and certain of its facilities and equipment under non-cancelable operating lease
arrangements.
Minimum future lease commitments for non-cancelable leases as of June 30, 2008, are as follows (in US$’000):
฀Operating฀Leases
Fiscal฀years฀ending฀June฀30,
฀ ฀ 2009฀ $฀ 6,875
฀ ฀ 2010฀ ฀ 5,513
฀ ฀ 2011฀ ฀ 4,365
฀ ฀ 2012฀ ฀ 2,651
฀ ฀ 2013฀ ฀ 2,397
฀ ฀ Thereafter฀ ฀ 2,038
฀
Total฀minimum฀lease฀commitments฀ $฀ 23,839
Rental expense under all operating leases was $8.9 million, $10.2 million and $12.0 million for fiscal years 2008, 2007
and 2006, respectively.
Future minimum lease commitments, which are secured by the underlying assets, as of June 30, 2008, under capital leases
are as follows (in US$’000):
฀ Capital฀Leases
Fiscal฀years฀ending฀June฀30,
฀ ฀ 2009฀ $฀ 21
฀ ฀ 2010฀ ฀ 10
฀ ฀ 2011฀ ฀ –
฀ ฀ 2012฀ ฀ –
฀ ฀ 2013฀ ฀ –
฀ ฀ Thereafter฀ ฀ –
฀
฀฀Total฀minimum฀lease฀commitments฀ $฀ 31
฀ ฀ Less:฀Interest฀ ฀ (2)
฀
Total฀capital฀lease฀commitments฀ $฀ 29
NOTES฀TO฀CONSOLIDATED฀FINANCIAL฀STATEMENTS