24.10.2013
as at 30 June 2013
|
2013 |
2012 |
|
|---|---|---|
|
BY TYPE |
||
|
Commitments receivable |
||
|
Net GST recoverable on commitments1 |
(193,741) |
(255,105) |
|
Total commitments receivable |
(193,741) |
(255,105) |
|
Commitments payable |
||
|
Other commitments |
||
|
Operating leases2 |
2,131,147 |
2,683,610 |
|
Total other commitments |
2,131,147 |
2,683,610 |
|
Net commitments by type |
1,937,406 |
2,428,505 |
|
BY MATURITY |
||
|
Commitments Receivable |
||
|
Operating lease income |
||
|
One year or less |
(33,750) |
(50,574) |
|
From one to five years |
(159,991) |
(191,985) |
|
Over five years |
– |
(12,546) |
|
Total operating lease income |
(193,741) |
(255,105) |
|
Operating lease commitments |
||
|
One year or less |
303,749 |
541,741 |
|
From one to five years |
1,439,916 |
2,028,995 |
|
Over five years |
– |
112,874 |
|
Total operating lease commitments |
1,743,665 |
2,683,610 |
|
Total commitments payable |
1,743,665 |
2,683,610 |
|
Net Commitments by maturity |
1,937,406 |
2,428,505 |
Nature of lease/general description of leasing arrangement
1. Commitments were GST inclusive where relevant.
2. Operating lease included is effectively non-cancellable and comprises:
Lease for office accommodation.
19 Martin Place, Sydney
Lease payments are subject to annual increases in accordance with upwards movements in the Consumer Price Index.
Lease payments are subject to an annual increase of approximately 4%.
The above schedule should be read in conjunction with the accompanying notes