Heide Museum of Modern Art 2010 Annual Report
Heide Museum of Modern Art 2010 Annual Report
Heide Museum of Modern Art 2010 Annual Report
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14. Notes to the Financial Statements Note 17: Capital and Leasing Commitments<br />
NOTE 17: CAPITAL AND LEASING COMMITMENTS<br />
17a Operating Lease Commitments<br />
<strong>Heide</strong> <strong>Museum</strong> <strong>of</strong> <strong>Modern</strong> <strong>Art</strong><br />
<strong>2010</strong> <strong>Annual</strong> <strong>Report</strong><br />
Non-cancellable operating leases contracted for but not capitalised in the financial<br />
statements:<br />
Payable - minimum lease payments:<br />
<strong>2010</strong><br />
$<br />
2009<br />
$<br />
not later than 12 months 3,901 3,901<br />
between 12 months and 5 years 3,576 11,379<br />
The operating lease relates to the lease <strong>of</strong> a projector.<br />
The lease term expires November 2012.<br />
17b Capital Expenditure Commitments<br />
Capital expenditure commitments contracted for:<br />
7,477 15,280<br />
<strong>2010</strong><br />
$<br />
2009<br />
$<br />
Cafe redevelopment – 104,897<br />
The Cafe Redevelopment project was completed during the <strong>2010</strong> financial year.<br />
– 104,897<br />
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