STANTEC INC
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
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The yearly report of certain Canadian companies, filed under a joint US and Canadian system. It is the main yearly account these companies give US investors, largely as filed in Canada.
FY2023 · Filed Feb 28, 2024
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Contents
EX-99.3 · Commitments
- Commitments
The Company has various lease commitments included in lease liabilities (note 11). In addition, the Company has commitments for variable lease payments, short-term leases, and leases of low-value assets. These commitments as at December 31, 2023, are as follows:
| Total$ | Less than 1 Year$ | 1 to 3 Years$ | After 3 Years$ | |
|---|---|---|---|---|
| Variable lease payments and other | 283.0 | 51.0 | 82.5 | 149.5 |
| Leases not commenced but committed | 55.7 | 5.6 | 12.9 | 37.2 |
| Software financing not commenced but committed | 53.4 | 17.8 | 35.6 | — |
| 392.1 | 74.4 | 131.0 | 186.7 |
Future minimum payments receivable under non-cancelable sublease agreements as at December 31, 2023, are $41.4 (2022 - $28.1), of which $18.8 (2022 - $11.9) relates to sublease receivables included in other assets (note 14).
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