Annual Report 2013–14

Financial statements

Schedule of commitments

Schedule of commitments as at 30 June 2014a
  2014
$’000
2013
$’000
By type    
Commitments receivable    
Commitments receivableb (77 882) (77 298)
Net GST recoverable on commitments (526) (1 619)
Total commitments receivable (78 408) (78 917)
Commitments payable    
Capital commitments    
Property
Plant and Equipment
Total capital commitments
Other commitments    
Operating leasesc 71 585 70 883
Otherd 12 226 24 221
Total other commitments 83 811 95 104
Net commitments by type 5 403 16 187
By maturity    
Commitments receivable    
Other commitments receivable    
One year or less (18 556) (19 196)
From one to five years (58 037) (57 337)
Over five years (1 815) (2 384)
Total other commitments receivable (78 408) (78 917)
Total commitments receivable (78 408) (78 917)
Commitments payable    
Capital commitments    
One year or less
From one to five years
Over five years
Total capital commitments
Operating lease commitments    
One year or less 14 316 13 174
From one to five years 37 450 31 489
Over five years 19 819 26 220
Total operating lease commitments 71 585 70 883
Other Commitments    
One year or less 10 805 20 523
From one to five years 1 277 3 698
Over five years 144
Total other commitments 12 226 24 221
Total commitments payable 83 811 95 104
Net commitments by maturity 5 403 16 187
  1. Commitments are GST inclusive where relevant.
  2. Commitments receivable by the AEC relates largely to arrangements with each state and territory for the sharing of certain costs associated with the maintenance of the joint Commonwealth, State and Territory electoral rolls (2014: $73.0m; 2013: $70.9m)
  3. Operating leases include leases for office accommodation and storage that are effectively non-cancellable. The lease payments can be varied periodically to take account of an annual Consumer Price Index increase, a fixed increase or a market increase.
  4. Other commitments include Information Technology (IT) contractors and service agreements with IT and communication providers (2014: $7.2m; 2013: $10.3m).

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