Laserfiche WebLink
O <br />~¢[~ro~o~7L Qoros~4r~aa¢Looro <br />~oge$ a® Dodu$u®iroa~~ ~a~a~unc~ $uv~~tt <br />DD ~ci:~irovl~~ir ~D, ~~s9 <br />(~®ite 8 = d®wg=4e~uu9 ®eQsg <br />Long-term debt at December 31, 1999 consists of the following: <br />Land contract, bearing interest at 7 percent, payable in semiannual <br />installments of $81,868 with the final payment due March I, 2021 $ 1,806,005 <br />r <br />Less current portion 37,940 <br />Long-term portion $ 1,768,065 <br />Total principal payments due on the long-term debt are az follows: <br />2000 $ 37,940 <br />2001 40,643 <br />2002 43,539 <br />2003 46,641 <br />2004 49,953 <br />Thereafter I ,587,269 <br />Total $ 1.806,005 <br />~®tt~ 3 = QB~Oa~ea9 ~~~ 4~~uns~ttiotss <br />Services and materials are provided by and sold to companies affiliated by common <br />ownership. The Division receives and makes interest-bearing demand advances to <br />and from these affiliated companies. The interest rate for 1999 was 6 percent. <br />Repayments and borrowings occurred during the year ended December 31, 1999 <br />based on short-term cash requirements. Generally, amounts receivable from Edw. <br />C. Levy Co. and affiliates -net are the result of the aforementioned transactions, az <br />well az financing the working capital needs of affiliates. <br />~®ic~ 4 = ~eirasioues alwm OOttPa~~ ~osL~~r3;u~~waew4 ~~ao~48tks <br />All eligible salaried employees are covered by noncontributory defined benefit <br />pension plans through Edw. C. Levy Co. In addition, the Division provides certain <br />defined health care benefits for retired employees through the Parent. Separate <br />actuarial and funding information relative to the Division is not available. <br />4 <br />PLANTS ~I~ORAN. LLP <br /> <br />