Financial Statements (Unaudited) for year ended March 31, 2012 - Note 8 - Contractual obligations
Notes to the Financial Statements (Unaudited)
8. Contractual Obligations
The nature of INFC's activities can result in some large multi-year contracts and obligations whereby INFC will be obligated to make future payments in order to carry out its transfer payment programs or when the services/goods are received. Significant contractual obligations that can be reasonably estimated are summarized as follows:
(in thousands of dollars)
| 2013 | 2014 | 2015 | 2016 | 2017 and thereafter |
Total | |
|---|---|---|---|---|---|---|
| Transfer Payments | ||||||
| Gas Tax Fund | 2,285,338 | 1,974,452 | - | - | - | 4,259,790 |
| Building Canada Fund-Major Infrastructure Component | 1,505,843 | 418,826 | 180,297 | 119,723 | 21,640 | 2,246,329 |
| Building Canada Fund-Communities Component | 332,894 | 147,450 | 99,338 | 167,276 | - | 746,958 |
| Infrastructure Stimulus Fund | - | - | - | - | - | - |
| Canada Strategic Infrastructure Fund | 544,492 | 162,008 | 110,096 | 64,667 | 697 | 881,960 |
| Provincial/Territorial Infrastructure Base Funding | 460,449 | 152,528 | - | - | - | 612,977 |
| Municipal Rural Infrastructure Fund | 135,564 | - | - | - | - | 135,564 |
| Green Infrastructure Fund | 139,902 | 36,135 | - | - | - | 176,037 |
| Building Canada Fund-Communities Component - Top Up | - | - | - | - | - | - |
| Border Infrastructure Fund | 57,156 | 32,280 | 7,043 | 3,319 | - | 99,798 |
| Operating | ||||||
| Operating Leases | 2 | 2 | 2 | 2 | 2 | 10 |
| Total | 5,461,639 | 2,923,681 | 396,776 | 354,987 | 22,339 | 9,159,423 |
Legislation enacting permanent funding for the Gas Tax Fund received Royal Assent on December 15, 2011 and will become statutory starting Fiscal Year 2014-2015.
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