Part 4: Financial statements (continued)

Date

Schedule of commitments

Schedule of commitments
as at 30 June 2013
  2010
$'000 		2009
$'000
BY TYPE    
Commitments receivable    
GST receivable (4,724) (7,170)
Total capital commitments (4,724) (7,170)
Capital commitments    
Infrastructure, Plant and equipment 1,064 -
Intangibles 1,515 15,859
Total capital commitments 2,579 15,859
     
Other commitments    
Operating leases 46,976 57,146
Other 4,071 10,377
Total other commitments 51,047 67,523
Total commitments payable 48,902 76,212
     
Commitments receivable    
GST receivable
One year or less (1,165) (2,565)
From one to five years (3,163) (3,384)
Over five years (396) (1,221)
Total GST receivable (4,724) (7,170)
     
Capital commitments    
One year or less 2,579 14,795
From one to five years  - 1,064
Total capital commitments 2,579 15,859
     
Operating lease commitments    
One year or less 8,480 9,367
From one to five years 34,135 34,344
Over five years 4,361 13,435
Total operating lease commitments 46,976 57,146
     
Other commitments    
One year or less 2,643 6,863
From one to five years 1,428 3,514
Total other commitments 4,071 10,377
NET COMMITMENTS BY MATURITY 27,969 39,401

This schedule should be read in conjunction with the accompanying notes.

Note: Commitments are GST inclusive where relevant.

Schedule of commitments (continued)

Operating leases included are effectively non-cancellable and comprise of:

Nature of lease General description of leasing arrangement
Leases for accommodation

Commercial — leases comprise of various periods, including both initial and options periods.
Overseas estate — some commercial lease payments are adjusted annually by two per cent and residential lease payments are reviewed bi annually to reflect market movements.
The initial periods of office accommodation leases are still current and each may be renewed with options for a further three or five years.
Australian estate - residential lease payments are reviewed bi-annually to reflect market movements
Agreements for the provision of motor vehicles to Senior Executive Officers

No contingent rentals exist.
No renewal or purchase options are available to the Treasury.
Leases for computer equipment and office equipment

The lessor provides all computer equipment designated as necessary in the supply contract for three years with an option to extend the term for a fixed period as agreed by both parties.
The lessor provides all photocopier equipment designated as necessary in the supply contract for four years with an option to extend the term for a fixed period as agreed by both parties.

Other commitments include commitments for consultants, building services and other commitments.