SHPGY » Topics » (a) Leases

This excerpt taken from the SHPGY 10-Q filed Aug 4, 2006.

(a)     Leases

Future minimum lease payments presented below include lease payments and other fixed executory fees under lease arrangements as at June 30, 2006:

18






    Operating
    leases
    $’M

2006   13.8
2007   28.2
2008   26.4
2009   22.9
2010   20.0
2011   15.3
Thereafter   30.4

    157.0


(i)   Operating leases

The Company leases facilities, motor vehicles and certain equipment under operating leases expiring through 2025. Lease and rental expense included in selling, general and administrative expenses in the accompanying statements of operations amounted to $13.0 million for the six months to June 30, 2006 (2005: $9.6 million).

(ii)   Restricted cash in respect of leases

As at June 30, 2006 the Company had $6.5 million of restricted cash held as collateral for certain equipment leases (December 31, 2005: $5.5 million), and $7.8 million providing security on the payment of property lease obligations (December 31, 2005: $7.9 million).

This excerpt taken from the SHPGY 10-Q filed May 5, 2006.

(a) Leases

Future minimum lease payments presented below include principal lease payments and other fixed executory fees under lease arrangements as at March 31, 2006:

    Operating
    leases
    $’M

2006   18.0
2007   23.9
2008   23.1
2009   20.4
2010   16.3
2011   14.1
Thereafter   27.8

    143.6


(i) Operating leases

The Company leases facilities, motor vehicles and certain equipment under operating leases expiring through 2016. Lease and rental expense included in selling, general and administrative expenses in the accompanying statements of operations amounted to $6.0 million for the three months to March 31, 2006 (2005: $6.6 million).

(ii) Restricted cash in respect of leases

As at March 31, 2006 the Company had $5.5 million of restricted cash held as collateral for certain equipment leases (December 31, 2005: $5.5 million).

This excerpt taken from the SHPGY 10-K filed Mar 1, 2006.

(a) Leases

Future minimum lease payments presented below include principal lease payments and other fixed executory fees under lease arrangements as at December 31, 2005:

Operating leases
    $’000

2006   26,110
2007   26,610
2008   24,847
2009   21,279
2010   16,737
Thereafter   50,016

    165,599

(i) Operating leases

The Company leases facilities, motor vehicles and certain equipment under operating leases expiring through 2025. Lease and rental expense included in selling, general and administrative expenses in the accompanying statements of operations amounted to $20.6 million, $15.3 million and $12.2 million for the years to December 31, 2005, 2004 and 2003, respectively.

During the year to December 31, 2004, Shire Inc., a wholly owned subsidiary of Shire, signed two eleven-year operating leases on properties in Wayne, Pennsylvania. Shire US, Inc., another wholly owned subsidiary, acts as

F-44






guarantor in respect of these leases. The future minimum lease payments under the lease agreements are $57.6 million in aggregate.

(ii) Restricted cash in respect of leases

At December 31, 2005 the Company had $5.5 million of restricted cash held as collateral for certain equipment leases (2004: $5.3 million).

This excerpt taken from the SHPGY 10-Q filed Nov 9, 2005.
(a) Leases

Future minimum lease payments presented below include principal lease payments and other fixed executory fees under lease arrangements as at September 30, 2005:

 

  Operating
leases
$’000
 
2005 3,059
2006 14,458
2007 24,561
2008 23,996
2009 20,518
2010 18,856
Thereafter 54,710
 
  160,158
 

This excerpt taken from the SHPGY 10-Q filed Aug 5, 2005.

(a) Leases

Future minimum lease payments presented below include principal lease payments and other fixed executory fees under lease arrangements as of June 30, 2005:

  Operating leases
    $’000
   
 2005   6,442
 2006   14,661
 2007   13,832
 2008   12,307
 2009   10,282
 2010   7,844
 Thereafter   38,129

  103,497

   
This excerpt taken from the SHPGY 10-Q filed May 9, 2005.

(a) Leases

Future minimum lease payments presented below include principal lease payments and other fixed executory fees under lease arrangements as of March 31, 2005:

Operating leases  
  $’000  

 
2005   10,726  
2006   14,122  
2007   11,156  
2008   8,100  
2009   8,053  
2010   8,004  
Thereafter   35,503  

 
  95,664  

 
This excerpt taken from the SHPGY 10-K filed Mar 15, 2005.
Leases

At December 31, 2004 the Company had $5.3 million of restricted cash held as collateral for certain equipment leases (2003: $5.3 million).

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