interpretation needed: Gcode and Mcode experts

Hi,
Are there any Gcode and Mcode experts who can explain this CAM
produced line for me. I've added my best guess at it. It was from
a generic fanuc postprocessor. Thanks in advance.

N106G0G90G54X0.Y2.7969A0.S5000M93G4P2

My attempted Dissection:
N106 line number.
G0 ??? no parms..If this is modal maybe it's saying the following are
to be rapid until mode changed ???
G90 set ABS positioning
G54 Work offset position coord #1 set to x=0" y=2.7969" and
"A0.S5000 spindle RPM"
M93 is machine dependant I've several definitions for this one
"Release Power???"
G4P2 dwell and let the quill get up to speed is my guess.

Seems reasonable ..?.
-Lee