Annual Report - COMPLETE - Australian Crime Commission

AUSTRALIAN CRIME COMMISSION
SCHEDULE OF COMMITMENTS
as at 30 June 2004
BY TYPE
98 I ACC ANNUAL REPORT 2003–04
2004
$
01.01.03-
30.06.03
$
Other Commitments
Operating leases 1
32,401,941 22,199,671
Total other commitments 32,401,941 22,199,671
Commitments Receivable 2,945,631 1,171,918
Net commitments 29,456,310 21,027,753
BY MATURITY
Operating Lease Commitments
One year or less 11,915,459 8,624,036
From one to five years
20,486,482
13,575,635
Over five years
-
-
Total operating lease commitments by maturity 32,401,941 22,199,671
NB: Commitments are GST inclusive where relevant.
1 Operating leases included are effectively non-cancellable and comprise:
Nature of lease General description of leasing arrangements
Lease of office
accommodation
Agreements for
the provision of
motor vehicles to
senior executive
officers
Lease of
computer
equipment
• Office accommodation leases are still current but vary in respect to
renewal.
• Lease payments are subject to annual increases in accordance
with varying terms of the agreement.
• No contingent rentals exist.
• There are no renewal or purchase options available to the ACC.
• Lease is a cancellable lease in which the ACC has no right of
purchase at the end of the lease period.
The above schedule should be read in conjunction with the accompanying notes.