Translate
as at 31 May 2012
| 2012 | 2011 | |
|
$’000 |
$’000 |
|
|
BY TYPE |
||
|
Commitments receivable |
||
|
Motor vehicle contributions |
55 |
59 |
|
Net GST recoverable on commitments |
1,395 |
1,574 |
|
Total commitments receivable |
1,450 |
1,633 |
|
Commitments payable |
||
|
Operating leases |
(15,395) |
(17,373) |
|
Total commitments payable |
(15,395) |
(17,373) |
|
Net commitments by type |
(13,945) |
(15,740) |
|
BY MATURITY |
||
|
Commitments receivable |
||
|
One year or less |
455 |
414 |
|
From one to five years |
991 |
1,219 |
|
Over five years |
4 |
– |
|
Total commitments receivable |
1,450 |
1,633 |
|
Commitments payable |
||
|
One year or less |
(4,488) |
(4,136) |
|
From one to five years |
(10,868) |
(13,237) |
|
Over five years |
(39) |
– |
|
Total commitments payable |
(13,237) |
|
|
Over five years |
(39) |
– |
|
Total commitments payable |
(15,395) |
(17,373) |
|
Net commitments by maturity |
(13,945) |
(15,740) |
NB: Commitments are GST inclusive where relevant.
Operating leases included are effectively non-cancellable and comprise:
|
Nature of lease |
General description of leasing arrangement |
|
Leases for office accommodation |
Lease payments are subject to either increase in accordance with fixed amounts in the lease agreement or market rental reviews. |
|
Agreements for the provision of motor vehicles to senior executive officers and pool vehicles for general use by other officers |
Leases are part of an operating lease and there are no purchase options available to the ABCC. |
The above schedule should be read in conjunction with the accompanying notes.