Date
| 2014 $'000 |
2013 $'000 |
|
|---|---|---|
| BY TYPE | ||
| Commitments payable | ||
| Capital commitments | ||
| Land and buildings1 | - | 248 |
| Intangibles2 | 1,112 | 716 |
| Total capital commitments | 1,112 | 964 |
| Other commitments | ||
| Operating leases3 | 13,222 | 20,392 |
| Other4 | 20,640 | 9,194 |
| Total other commitments | 33,862 | 29,586 |
| Total commitments payable | 34,974 | 30,550 |
| Commitments receivable | ||
| Net GST receivable5 | (3,033) | (2,581) |
| Total commitments receivable | (3,033) | (2,581) |
| Net commitments by type | 31,941 | 27,969 |
| BY MATURITY | ||
| Commitments payable | ||
| Capital commitments | ||
| Within 1 year | 1,112 | 964 |
| Between 1 to 5 years | - | - |
| Total capital commitments | 1,112 | 964 |
| Operating lease commitments | ||
| Within 1 year | 7,815 | 7,259 |
| Between 1 to 5 years | 5,407 | 13,034 |
| More than 5 years | - | 99 |
| Total operating lease commitments | 13,222 | 20,392 |
| Other commitments | ||
| Within 1 year | 14,865 | 3,957 |
| Between 1 to 5 years | 5,775 | 5,237 |
| Total other commitments | 20,640 | 9,194 |
| Total commitments payable | 34,974 | 30,550 |
| Commitments receivable | ||
| Within 1 year | (2,120) | (1,082) |
| Between 1 to 5 years | (913) | (1,499) |
| Total commitments receivable | (3,033) | (2,581) |
| Net commitments by maturity | 31,941 | 27,969 |
1. Land and buildings commitments relate to capital works.
2. Intangible commitments relate to developed software.
3. Operating lease commitments relate to leases for office accommodation.
4. Other commitments primarily relate to contracts for operational expenses. A major component of this relates to G20.
5. Commitments are GST inclusive where relevant.
This schedule should be read in conjunction with the accompanying notes.
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 biannually 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. |
| 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. |
This schedule should be read in conjunction with the accompanying notes.