SILVER CINEMAS INTERNATIONAL INC - 10-K - 19990331 - MARKET_RISK
ITEM 7 (a). QUANTITATIVE AND QUALITATIVE DISCLOSURE ABOUT MARKET RISK
The Company uses fixed rate debt to partially finance budgeted
expenditures. These agreements expose the Company to market risk associated
with changes in interest rates. The Company does not hold or issue derivative
financial instruments for trading purposes.
The following table presents the carrying and fair value at December
31, 1998 of the Company's debt along with its interest rates. Fair value is
determined as the quoted price of the financial instrument.
Date 2003 Total Value
Debt $100,000,000 $100,000,000 $83,000,000