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OHL USA, INC. AND SUBSIDIARIES
<br />NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
<br />DECEMBER 31, 2020
<br />Note 9 - Leases (cont'd.)
<br />Total remaining lease payments under the Company's leases are as follows:
<br />Years Ending December 31:
<br />2021
<br />2022
<br />2023
<br />2024
<br />2025
<br />Total undiscounted cash flows
<br />Less: Imputed interest
<br />Lease Payment Liabilities
<br />Note 10 - Investment in Unconsolidated Joint Ventures
<br />Finance Leases
<br />$ 2,004,971
<br />1,967,435
<br />892,794
<br />238,904
<br />17,340
<br />5,121,444
<br />Operating Leases
<br />$ 2,722,595
<br />1,092,995
<br />468,007
<br />52,799
<br />36,973
<br />4,373,369
<br />354,009 200,014
<br />$ 4,767,435 $ 4,173,355
<br />USA, in the normal course of business, has entered into a joint venture partnership,
<br />OHL/Posillico/SELI Overseas, Joint Venture, which is unconsolidated. The joint venture
<br />agreement, which requires the participants to contribute additional capital as needed, provides
<br />that USA will receive from the joint venture its proportionate share of profits and, losses
<br />realized from the contracts.
<br />USA's ownership and profit and loss percentage in OHL/Posillico/SELI Overseas, Joint
<br />Venture is 40% and is accounted for under the proportionate consolidation method for both
<br />the balance sheet and statement of income.
<br />USA, in the normal course of business, has entered into a joint venture partnership, OC 405
<br />Partners Joint Venture, which is unconsclidated. The joint venture agreement, which requires
<br />the participants to contribute additional capital as needed, provides that USA will receive from
<br />the joint venture its proportionate share of profits and losses realized from the contracts.
<br />USA's ownership and profit and loss percentage in OC 405 Partners Joint Venture is 60% and
<br />is accounted for under the proportionate consolidation method for both the balance sheet and
<br />statement of income.
<br />Judlau, in the normal course of business, has entered into the following four joint venture
<br />partnerships which are unconsolidated:
<br />JTJ Contracting, Judlau White, a Joint Venture, Ave Z Constructors - A JV, and Judlau - S&J,
<br />a Joint Venture. The joint venture agreements, which require the participants to contribute
<br />additional capital as needed, provide that Judlau will receive from the joint ventures its
<br />proportionate share of profits and losses realized from the contracts.
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