Financial Statements For the year ended March 31, 2013
Notes to the Financial Statements (Unaudited)
8. Contractual obligations
The nature of the Agency’s activities can result in some multi-year contracts and obligations whereby the Agency 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) | Transfer payments |
Operating contracts |
Total |
|---|---|---|---|
| 2013-14 | $ 149,200 | $ 20,934 | $ 170,134 |
| 2014-15 | 63,000 | 13,588 | 76,588 |
| 2015-16 | 2,800 | 9,820 | 12,620 |
| 2016-17 | 2,600 | 9,800 | 12,400 |
| 2017-18 and thereafter | - | 39,200 | 39,200 |
| Total | $ 217,600 | $ 93,342 | $ 310,942 |
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