CQUniversity Annual Report - Central Queensland University

58
Central Queensland University
and Controlled Entities
Notes to the Financial Statements
for the year ended 31 December 2012
Note 35. Commitments
(a) Capital commitments
Capital expenditure contracted for at the reporting date but not recognised as liabilities is as follows:
Consolidated
Parent Entity
Notes 2012 2011 2012 2011
Property, Plant and Equipment $'000 $'000 $'000 $'000
Payable:
Within one year 6,386 9,662 6,386 9,662
Total capital commitments 6,386 9,662 6,386 9,662
(b) Lease commitments
Operating leases
Commitments in relation to non-property leases contracted for at the reporting date but not recognised as liabilities:
Payable
Within one year 633 197 534 148
Later than one year but not later than five years 1,585 249 1,395 209
2,218 446 1,929 357
The consolidated entity leases plant and equipment under non-cancellable operating leases expiring from 1 to 5 years.
There are no provisions for contingent rentals within the existing operating leases.
There are no provisions within the agreements for additional debt.
Commitments for operating leases for Australian International Campus buildings in existence at the reporting date but not
recognised as liabilities:
Payable
Within one year 18,766 20,018 18,766 20,018
Later than one year but not later than five years 83,085 97,085 83,085 97,085
Later than five years 37,285 18,803 37,285 18,803
139,136 135,906 139,136 135,906
Receivable
Within one year 4,204 1,044 4,204 1,044
Later than one year but not later than five years 15,968 310 15,968 310
20,172 1,354 20,172 1,354
Total operating lease commitments 118,964 134,552 118,964 134,552
(c) Other expenditure commitments
Payable
Within one year 311 446 311 446
Total other expenditure commitments 311 446 311 446