Online version of the 2013-14 Department of Health Annual Report

Schedule of Commitments

Page last updated: 31 October 2014

SCHEDULE OF COMMITMENTS as at 30 June 2014
 
2014
$'000
2013
$'000
BY TYPE
Commitments receivable
Net GST recoverable on commitments 
3,070
4,869
Other commitments receivable
-
1,004
Total commitments receivable
3,070
5,873
 
Commitments payable
Capital commitments
Property, plant and equipment
(16)
(340)
Total capital commitments
(16)
(340)
 
Other commitments
Operating leases
(28,812)
(42,592)
Other 
(5,010)
(10,630)
Total other commitments
(33,822)
(53,222)
Total commitments payable
(33,838)
(53,562)
Net commitments by type
(30,768)
(47,689)
 
BY MATURITY
Commitments receivable
Within 1 year
1,254
2,722
Between 1 to 5 years
1,816
3,151
Total commitments receivable
3,070
5,873
 
Commitments payable
Capital commitments
Within 1 year
(16)
(340)
Total capital commitments
(16)
(340)
 
Operating lease commitments
Within 1 year
(10,413)
(10,407)
Between 1 to 5 years
(18,399)
(32,185)
Total operating lease commitments
(28,812)
(42,592)
 
Other commitments
Within 1 year
(3,432)
(8,154)
Between 1 to 5 years
(1,578)
(2,476)
Total other commitments
(5,010)
(10,630)
Total commitments payable
(33,838)
(53,562)
Net commitments by maturity
(30,768)
(47,689)

Notes:

  1. Commitments are GST inclusive where relevant.
  2. Capital commitments for property, plant and equipment relate to laboratory equipment.
  3. Operating leases are effectively non-cancellable and comprise leases for office accommodation. Lease payments for the Symonston property are subject to annual adjustments for the Consumer Price Index or 3% (whichever is higher) with a Market Rent Review every third year. The initial term of the Symonston accommodation lease is still current and may be extended at the end of the lease at the Therapeutic Goods Administration's (TGA's) option. Other office leases (offices located in Canberra) are subject to annual rent adjustments of between 3.5% and 5% and can be renewed for terms of between 6 months and 5 years, at the TGA's option.

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