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Schedule of commitments as at 30 June 2009

  2009 $’000 2008 $’000

NB: Commitments are GST inclusive where relevant.

1 Operating leases included are effectively non-cancellable and include leases for office accommodation, motor vehicles and IT equipment and services.

Nature of leaseGeneral description of leasing arrangement
Leases for office accommodation
  • Lease payments are subject to rent reviews in accordance with the lease agreement.
  • The initial periods of office accommodation leases are still current.
Lease for general IT services, equipment, software and support
  • The lessor provided general IT services, equipment, software and support for the Commission.
  • The initial contract of 5 years was extended for 4 years and expired 26 June 2009. The lease was not renewed.
  • Pricing was subject to review annually.
Agreements for the provision of motor vehicles to senior executive officers
  • No contingent rentals exist.
  • There are no purchase options available to the Commission.

2 Other commitments comprise amounts committed for development and administrative activities.

The above schedule should be read in conjunction with the accompanying notes.
By type
Commitments receivable
GST recoverable on commitments (4,044) (4,038)
Total commitments receivable (4,044) (4,038)
Capital commitments
Intangibles 240 65
Total capital commitments 240 65
Other commitments
Operating leases1 31,440 36,751
Other commitments2 12,803 7,612
Total other commitments 44,243 44,363
Net commitments by type 40,439 40,390
By maturity
GST recoverable on commitments
One year or less (841) (778)
From one to five years (1,415) (1,068)
Over five years (1,788) (2,192)
Total GST recoverable on commitments (4,044) (4,038)
Capital commitments
One year or less 240 65
From one to five years - -
Over five years - -
Total capital commitments 240 65
Operating lease commitments
One year or less 2,497 4,192
From one to five years 9,555 10,183
Over five years 19,388 22,376
Total operating lease commitments 31,440 36,751
Other commitments
One year or less 6,509 4,301
From one to five years 6,015 1,576
Over five years 279 1,735
Total other commitments 12,803 7,612
Net commitments by maturity 40,439 40,390

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