21.10.2014
as at 30 June 2014
2014 | 2013 | |
BY TYPE | ||
Commitments receivable | ||
Net GST recoverable on commitments1 | (159,391) | (193,741) |
Total commitments receivable | (159,391) | (193,741) |
Commitments payable | ||
Other commitments | ||
Operating leases2 | 1,753,297 | 2,131,147 |
Total other commitments | 1,753,297 | 2,131,147 |
Net commitments by type | 1,593,906 | 1,937,406 |
BY MATURITY | ||
Commitments Receivable | ||
Operating lease income | ||
Within 1 year | (35,179) | (33,750) |
Between 1 to 5 years | (124,212) | (159,991) |
Total operating lease income | (159,391) | (193,741) |
Commitments Payable | ||
Operating lease commitments | ||
Within 1 year | 386,971 | 303,749 |
Between 1 to 5 years | 1,366,326 | 1,439,916 |
Total operating lease commitments | 1,753,297 | 1,743,665 |
Total commitments payable | 1,753,297 | 1,743,665 |
Net commitments by maturity | 1,593,906 | 1,937,406 |
Nature of lease/general description of leasing arrangement
- Commitments are GST inclusive where relevant.
- 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 statement should be read in conjunction with the accompanying notes.