annual report 2011–12 - Parliament of New South Wales - NSW ...

Department of Transport
Notes to the financial statements
for the year ended 30 June 2012
25 COMMITMENTS FOR EXPENDITURE (cont'd)
(b) Operating Lease Commitments
Future non-cancellable operating lease rentals not provided for and payable
Consolidated
Parent
2012 2011 2012 2011
$'000 $'000 $'000 $'000
Not later than one year 155,341 190,227 - 10,693
Later than one year and not later than five years 219,626 298,165 - 27,411
Later than five years 59,829 136,953 - -
Total (including GST) 434,796 625,345 - 38,104
Operating leases include office accommodation and plant and equipment.
Input tax on all commitments estimated at $358m (2011: $602m) (parent entity: $Nil (2011: $3m)) will be recouped
from the Australian Taxation Office.
Consolidated
Parent
2012 2011 2012 2011
$'000 $'000 $'000 $'000
(c) Finance Lease Commitments
Minimum lease payment commitments in relation to finance leases payable as follows:
Not later than one year 192,204 143,345 - 104,979
Later than one year and not later than five years 661,468 633,008 - 419,917
Later than five years 2,212,459 1,695,402 - 812,250
Minimum lease payments 3,066,131 2,471,755 - 1,337,146
Less: future finance charges 1,455,396 1,111,338 - 455,335
Present value of minimum lease payments 1,610,735 1,360,417 - 881,811
The present value of finance lease commitments is as follows:
Not later than one year 114,656 61,392 - 44,942
Later than one year and not later than five years 396,902 345,784 - 214,570
Later than five years 1,099,177 953,241 - 622,299
1,610,735 1,360,417 - 881,811
Classified as:
Current borrowings(Note 19) 114,656 61,392 - 44,942
Non-current borrowings (Note 19) 1,496,079 1,299,025 - 836,869
1,610,735 1,360,417 - 881,811
(d) Other Public and Private Partnerships contract commitments
Consolidated
Parent
2012 2011 2012 2011
$'000 $'000 $'000 $'000
Not later than one year 107,018 20,388 - -
Later than one year and not later than five years 843,161 823,911 - -
Later than five years 7,372,332 8,106,135 - -
Total (including GST) 8,322,511 8,950,434 - -
112
Transport for NSW Annual Report 2011–12