Page 58 - Demo

Note 9
Contractual Obligations
(in thousands)
Contractual obligations are obligations of the Corporation to others that will become liabilities in the future when the terms of those contracts are met. The Corporation has committed funds to be paid into limited partnerships. The details of the commitments are listed in Note 7. Other contractual obligations are:
2023
$ 1,080
71
$ 1,151
Obligations under operating leases Obligations under service contracts
Estimated payments in each of the next five years and thereafter are as follows:
$ $
2022 36 47 83
Total
146
117
100
102
103
583
1,151
Operating Service
Leases
Contracts
2023-24 2024-25 2025-26 2026-27 2027-28 Thereafter
Tangible Capital Assets
(in thousands)
$ 92 100 100 102 103 583
$54$ 17$ –$ –$ –$ –$
Note 10
$ 1,080$ 71$
Leasehold Improvement
2023
$–
394
$ 394
$–
15
$ 15
$ 379
$–
2022
Estimated Useful Life 10 Years
Historical Cost
Beginning of Year $– Additions 394
$– – $394 $–
Accumulated Amortization
Beginning of Year $– Amortization Expense 15
$ 15
Net Book Value, March 31, 2023 $ 379
Net Book Value, March 31, 2022 $–
Comparative Figures
Certain 2022 figures have been reclassified to conform to the 2023 presentation.
$ – – $ –
$ – $ –
Note 11
2022 2023
56