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Last updated: 18 October 2006
Financial statements
Note 9. Interest bearing liabilities
| 2006 $’000 |
2005 $’000 |
|
|---|---|---|
| 9a Leases | ||
| Finance lease commitments | ||
| Payable: | ||
| Within one year | ||
|
320 | 324 |
|
(17) | (29) |
| 303 | 295 | |
| In one to five years | ||
|
121 | 354 |
|
(3) | (14) |
| 118 | 340 | |
| Finance lease recognised in balance sheet | 421 | 635 |
| A finance lease exists in relation to the majority of information technology equipment in the Commission. The lease is non-cancellable and was for an initial fixed term of 5 years which has been extended for a further 4 years. The Commission guarantees the residual values of all assets leased. There are no contingent rentals. | ||
| 9b Lease incentives | ||
|
38 | 37 |
|
68 | 106 |
| Total lease incentives | 106 | 143 |
