Notes to the Consolidated
In millions of U.S. dollars, unless otherwise stated
22. CONTRIBUTION FROM SUPPLIERS
|Less - current portion
|Long - term portion
The Company has agreements with key suppliers to assure their participation in research and development activities in exchange for cash contributions payable to the Company. The related supply agreements condition the Company's right to such contributions to its meeting certain performance milestones, including successful certification of the aircraft, first delivery deadlines and minimum number of aircraft deliveries. The Company records such contributions as a liability when received and as a reduction to intangible assets when contractual milestones are achieved as it has no ongoing obligation.