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Schedule of Commitments as at 30 June 2013

  2013 $’000 2012 $’000

Notes:

  1. Commitments are GST inclusive where relevant.
  2. Contractual commitments for office fit-out.
  3. Contractual commitments for the development of software.
  4. Operating leases included were effectively non-cancellable. The APSC has 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.
  5. Other commitments comprise amounts committed for fee for service, policy and administrative activities.

The above schedule should be read in conjunction with the accompanying notes

BY TYPE
Commitments receivable
Sublease rental income (49) (168)
GST recoverable on commitments 1 (2,691) (2,615)
Total commitments receivable (2,740) (2,783)
Commitments payable
Capital commitments
Property, plant and equipment 2 4 70
Intangibles 3 156 33
Total capital commitments 160 103
Other commitments
Operating leases 4 21,874 24,649
Other commitments 5 7,624 4,177
Total other commitments 29,498 28,826
Total commitments payable 29,658 28,929
Net commitments by type 26,918 26,146
  2013 $’000 2012 $’000

Note:

Commitments are GST inclusive where relevant.

The above schedule should be read in conjunction with the accompanying notes

By maturity
Commitments receivable
Operating lease income
One year or less (24) (135)
From one to five years (25) (33)
Over five years - -
Total operating lease income (49) (168)
GST recoverable on commitments
One year or less (690) (572)
From one to five years (1,192) (1,025)
Over five years (809) (1,018)
Total GST recoverable on commitments (2,691) (2,615)
Total commitments receivable (2,740) (2,783)
Commitments payable
Capital commitments
One year or less 160 103
From one to five years - -
Over five years - -
Total capital commitments 160 103
Operating lease commitments
One year or less 2,651 2,738
From one to five years 10,456 10,880
Over five years 8,767 11,031
Total operating lease commitments 21,874 24,649
Other commitments
One year or less 4,804 3,584
From one to five years 2,685 421
Over five years 135 172
Total other commitments 7,624 4,177
Total commitments payable 29,658 28,929
Net commitments by maturity 26,918 26,146