How to calculate estimated interest component and total operating lease liability
24 Expense 25 Effect on Operating Income 1419 27 Effect on Income before Tax Decrease in Tax Prevision 47 107 29 Effect on Continuing Income Note: For computing interest and depreciation for estimated at the end of 1997 we use the lease assetObligation we G. Determine Principal and Interest Component of at Year's MLP 30 Next Year MLP (1999) 31 Estimated Interest Component 32 Estimated Principal Component 1.012 1.320 H. Decompose Operating Lease Liability into Current and Non-Current Components 3 Total Operating Lease Liability 34 Estimated Cument Portion 35 Estimated Non-Curmrent Portion 10053 6 14.065 9.665 543 13611 Restated Balance Sheet S Millions Curent Assets Freehold Assets (Net) Leased Assets (Net Intangibles &Other Total 4 875 12 239 12.200 3.042 2908 10.951 16.168 2.597 3.362 6.997 1920 Current Liabilities 630 542 5.485 219 Cumrent Portion of Capital Lease Other Current Liabilities 4514 Long Term Liabilities 6792 15,724 Lease Liabilay Long Term Deb Other Long Term Liabilities 11,429 2.436 5.766 1533 175 3.299 2.858 791 3.518 Prefemed Stock Shareholders Equity 3.257 Contributed Capital Retained Eamings Treasury Stock 776 Total Restated Income Statement S Millions Operating Revenue Operating Income Other Income & Adjustments Interest Expense* Income before Tax Tax Provision Continuing Income 2011 Includes preference dividends f. We made several assumptions in estimating the effects of the lease classification. Some of the important assumptions are 24 Expense 25 Effect on Operating Income 1419 27 Effect on Income before Tax Decrease in Tax Prevision 47 107 29 Effect on Continuing Income Note: For computing interest and depreciation for estimated at the end of 1997 we use the lease assetObligation we G. Determine Principal and Interest Component of at Year's MLP 30 Next Year MLP (1999) 31 Estimated Interest Component 32 Estimated Principal Component 1.012 1.320 H. Decompose Operating Lease Liability into Current and Non-Current Components 3 Total Operating Lease Liability 34 Estimated Cument Portion 35 Estimated Non-Curmrent Portion 10053 6 14.065 9.665 543 13611 Restated Balance Sheet S Millions Curent Assets Freehold Assets (Net) Leased Assets (Net Intangibles &Other Total 4 875 12 239 12.200 3.042 2908 10.951 16.168 2.597 3.362 6.997 1920 Current Liabilities 630 542 5.485 219 Cumrent Portion of Capital Lease Other Current Liabilities 4514 Long Term Liabilities 6792 15,724 Lease Liabilay Long Term Deb Other Long Term Liabilities 11,429 2.436 5.766 1533 175 3.299 2.858 791 3.518 Prefemed Stock Shareholders Equity 3.257 Contributed Capital Retained Eamings Treasury Stock 776 Total Restated Income Statement S Millions Operating Revenue Operating Income Other Income & Adjustments Interest Expense* Income before Tax Tax Provision Continuing Income 2011 Includes preference dividends f. We made several assumptions in estimating the effects of the lease classification. Some of the important assumptions are
