Financial Statements
|
2010 |
2009 |
|||
|---|---|---|---|---|
|
BY TYPE |
||||
|
Commitments receivable |
||||
|
GST recoverable on commitments |
(889) |
(1 014) |
||
|
Total commitments receivable |
(889) |
(1 014) |
||
|
Commitments payable |
||||
|
Capital commitments |
||||
|
Intangibles |
- |
58 |
||
|
Total capital commitments |
- |
58 |
||
|
Other commitments |
||||
|
Operating leases1 |
8 084 |
8 911 |
||
|
Other commitments |
1 706 |
2 191 |
||
|
Total other commitments |
9 790 |
11 102 |
||
|
Net commitments by type |
8 901 |
10 146 |
||
|
BY MATURITY |
||||
|
Commitments receivable |
||||
|
One year or less |
(257) |
(300) |
||
|
From one to five years |
(573) |
(537) |
||
|
Over five years |
(59) |
(177) |
||
|
Total commitments receivable |
(889) |
(1 014) |
||
|
Commitments payable |
||||
|
Capital commitments |
||||
|
One year or less |
- |
58 |
||
|
Total capital commitments |
- |
58 |
||
|
Operating lease commitments |
||||
|
One year or less |
1 127 |
1 057 |
||
|
From one to five years |
6 306 |
5 908 |
||
|
Over five years |
651 |
1 946 |
||
|
Total operating lease commitments |
8 084 |
8 911 |
||
|
Other commitments |
||||
|
One year or less |
1 706 |
2 191 |
||
|
Total other commitments |
1 706 |
2 191 |
||
|
Net commitments by maturity |
8 901 |
10 146 |
||
|
NB: Commitments are GST inclusive where relevant. |
||||
|
1. Operating leases included are effectively non-cancellable and comprise: Leases for office accommodation. Lease payments for the rental of the Authority’s office at Amtech Estate, Symonston are subject to annual increase of 3.75%. The initial lease is for 10 years, with two 5 year options available. |
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|
The above schedule should be read in conjunction with the accompanying notes. There are no contingent assets or liabilities as at 30 June 2010. The above statement should be read in conjunction with the accompanying notes. |
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