Schedule of Commitments

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