Examples of Operating Lease Liability in a sentence
An Operating Lease Liability must be accrued during the years of low lease payments.
This operating lease is included in Operating Lease Right-of-Use (ROU) Asset, Operating Lease Liability, current portion and Operating Lease Liability, long-term portion on the Balance Sheets.
The following table details supplemental balance sheet information related to CUC’s operating lease: Operating Leases($ thousands) ClassificationAs at September 30,2019Operating Lease Assets Other Assets 338Current Portion Lease Liability Current Portion of Lease Liability 63Noncurrent Operating Lease Liability Other Long-Term Liabilities 278The following table presents the components of CUC’s lease cost recorded in the Condensed Consolidated Interim Statement of Earnings.
Gross future minimum annual rental commitments as of May 31, 2021 are as follows: Undiscounted Rent PaymentsYear Ending November 30: 2021$ 56,7332022115,6732023118,322202440,177Total Undiscounted Rent Payments330,905 Present Value Discount(20,456)Present Value$ 310,449 Short-term lease liability$ 102,740Long-term lease liability207,709Total Operating Lease Liability$ 310,449 8.
In case of Agriculture connection, reconnections should be allowed by depositing of Rs. 1000/- plus cost of HT/LT line required to be erected, if any, for RCO within 6 months of disconnection.
The following table details supplemental balance sheet information related to CUC’s operating lease: Operating Leases($ thousands) ClassificationThree Months EndedMarch 31, 2019Operating Lease Assets Other Assets 369Current Portion Lease Liability Current Portion of Lease Liability 61Noncurrent Operating Lease Liability Other Long-Term Liabilities 310The following table presents the components of CUC’s lease cost recorded in the Condensed Consolidated Interim Statement of Earnings.
Operating leases – As of 30 June 2021, the Operating Lease ROU Asset has a balance of$355,000, net of accumulated amortisation of $473,000 and an Operating Lease Liability of$343,000, which are included in the accompanying balance sheet.
This adjustment is based on the present value of future minimum rental payments of the leases.As of 30 June 2019, the Operating Lease ROU Asset has a balance of $1,389,000, net of accumulated amortisation of $188,000 and an Operating Lease Liability of $1,220,000, which are included in the accompanying balance sheet.
Operating Lease Liability On April 5, 2019, we entered into a lease agreement, or the Lease, with Sun Life Assurance Company of Canada, or the Landlord, effective April 3, 2019, or the Commencement Date, for the lease of approximately 10,097 square feet of office space at 1100 Massachusetts Avenue, Cambridge, Massachusetts, or the Leased Premises.
Future maturities under the Operating Lease Liability are as follows for the years ended 31 December: (USD, in thousands) 20191402020512202138020221332023122202451Total future maturities1,338Portion representing interest(118) 1,220 Total lease expense for the six months ended 30 June 2019 and 2018, and the year ended 31 December 2018 was approximately $210,000, $150,000 and $320,000, respectively.