Canwest Office Tower leased to Canwest Corp, owned by the former Canwest Board of Directors
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[Read most if not all of Canwest financial disclosure, not read this before. Canwest auditor left out who the controlling shareholders are. Not sure why the last line about exchange rates have to do with the office building's rent.]
Quote,"
23. RELATED PARTY TRANSACTIONS
A company affiliated with the Company’s controlling shareholders owns Canwest Place in Winnipeg, Manitoba, a building in which the Company is a tenant. During the three and six months ended February 28, 2010, rent paid to this company amounted to $0.3 million and $0.6 million, respectively (2009 - $0.2 million and $0.5 million, respectively) and is included in operating expenses. The annual obligations under these operating leases of $0.7 million and $0.4 million continue until August 2010 and May 2018, respectively. All related party transactions have been recorded at the exchange amounts, which are representative of market rates."
CANWEST GLOBAL COMMUNICATIONS CORP.
INTERIM CONSOLIDATED FINANCIAL STATEMENTS
FOR THE THREE AND SIX MONTHS ENDED FEBRUARY 28, 2010 AND 2009
(UNAUDITED)
picture
http://www.google.ca/imgres?imgurl=http://www.canwestplace.com/images/photos5.jpg&imgrefurl=http://www.canwestplace.com/about.php%3FPHPSESSID%3Dpufeggid3askf3c0h2m2b6jfu2&usg=__M6wvqfZNoKngsFBwwhkOzjbcoaI=&h=352&w=297&sz=46&hl=en&start=4&um=1&itbs=1&tbnid=wc4k_aaWQmUAwM:&tbnh=120&tbnw=101&prev=/images%3Fq%3Dcanwest%2Bheadquarters~pictures%26um%3D1%26hl%3Den%26sa%3DX%26rls%3Dcom.microsoft:en-us%26tbs%3Disch:1
http://www.creswin.ca/files/CanwestPlaceWebJan09.pdf building brochere does not mention asper
