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Schedule of commitments

Schedule of Committments
as at 30 June 2014
  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.