The above table summarizes the Company’s significant contractual obligations and commitments as at December 31, 2010 and the future periods in which the obligations become due and payable. Additional details regarding these obligations are provided in the notes to the audited consolidated financial statements, as referenced in the table.
The Company recognizes long-term debt and CCD commitments (when stations are launched) as liabilities on the balance sheet. Operating lease commitments and CCD commitments related to recently awarded licences are disclosed in notes 19 and 20 of the Company’s audited consolidated financial statements.
The Company also has obligations with respect to its employee benefit plans, as discussed in note 10 of the audited consolidated financial statements. The Supplementary Retirement Pension Arrangements (“SRPAs”) provide benefits above and beyond that which can be provided under the Income Tax Act, and therefore are not pre-funded. As a result, the Company’s annual funding obligation approximates $0.5 million. There are no similar obligations under the Company’s Basic Plan as it is fully funded.