X hits on this document

321 views

0 shares

0 downloads

0 comments

75 / 90

Notes to the Financial Statements

For the year ended 30 June 2009

30. COMMITMENTS

(a) Capital commitments Conditional contracts for the acquisition of land which have not yet been recognised in the Financial Statements are as follows:

2009

2008

2009

2008

$’000

$’000

$’000

$’000

Consolidated

Parent

2,656

10,434

9,147

29,040

Within one year After one year, but not more than five years

Total expenditure commitments

11,803

39,474

2009 $’000

2008 $’000

2009 $’000

2008 $’000

776 476

870 718

1,252

1,588

(75) (16)

(88) (51)

(91)

(139)

1,161

1,449

701 460

782 667

1,161

1,449

The Consolidated Entity has no finance lease arrangements where the Consolidated Entity is the lessor.

AVJennings Limited ABN 44 004 327 771 73

Present value of lease payments

Within one year

24

After one year, but not more than five years

24

Future minimum lease payments under finance leases and hire purchase contracts together with the present value of the net minimum lease payments are as follows:

Finance leases Analysis of finance lease commitments Minimum lease payments Within one year After one year, but not more than five years

Total minimum lease payments

Less amounts representing finance charges Within one year After one year, but not more than five years

Total finance charges

Present value of minimum lease payments

Total present value of minimum lease payments

arrangements create restrictions on other financing transactions.

Note

Consolidated

Parent

(b) Finance lease commitments – Consolidated Entity as lessee

Finance leases are employed as a means of funding the acquisition of employer provided motor vehicles. Lease payments are generally fixed. Where leases have renewal or purchase options, they are exercisable at market prices. No finance lease

Document info
Document views321
Page views321
Page last viewedSat Dec 10 20:48:28 UTC 2016
Pages90
Paragraphs4889
Words32097

Comments