Filter
Top Products
206
Other accrued liabilities:
2003 2002
Put option
(a)
– 77,500
Selling, general and administrative related 4,565 9,079
Customer de
p
osit 9,676 19,994
Product related 4,772 10,535
Warranty 6,379 3,776
Miscellaneous taxes 4,755 1,538
Deferred income 48,050 15,181
Research and development 7,104 16,114
Contract manufacturers 12,941 7,958
Guarantees to purchasers of disposed businesses 3,856 4,075
Other 3,641 8,510
Other accrued liabilities 105,739 174,260
(a) The put option was exercised on July 1, 2003 (see note 9).
L
on
g
-
t
erm debt:
The amounts of long-term debt payable for each of the years ending December 31 consisted of:
2003 2002
2003 – 3,073
2004 3,241 3,241
2005 3,417 3,417
2006 3,603 3,603
2007 3,798 3,798
2008 4,005 4,005
Thereafter 58,394 58,393
76,458 79,530
Less: Long-term debt due within one year 3,241 3,073
Long-term debt 73,217 76,457
Long term debt is entirely related to the lease of a building entered into by Nortel Networks S.A. in the year ended December 31, 1999.
The lease is classified as a capital lease. As such, the transaction has been recorded as a financing transaction and the building and related
accounts will continue to be recognized in the consolidated financial statements. The lease term is May 2013. The payable amounts above
exclude interest as such interest is variable and is based on Euribor (2.1% at December 31, 2003).
Consolidated statements of cash flows
I
nterest and taxes
p
aid (recovered):
2003 2002 2001
Cash interest paid 3,376 9,937 10,694
Cash taxes paid (recovered) — net
(1,801) (2,940) 28,779
R
eceivables sales:
2003 2002 2001
Proceeds from collections reinvested in revolving period securitizations – 30,273 346,536