Annual Report 2010 - Christchurch City Council

Capital commitments
and operating leases
(continued)
Financial statements
Annual Report
Christchurch Otautahi
2010
p219.
Notes to financial statements
37. Capital commitments and operating leases (continued)
(c) Non-cancellable operating lease receivables
Parent
Group
30 Jun 10 30 Jun 09 30 Jun 10 30 Jun 09
Actual Actual Actual Actual
$000s $000s $000s $000s
No later than one year 7,244 8,022 45,949 36,135
Later than one year and not later than five years 24,286 23,992 154,950 95,394
Later than five years 70,480 45,874 207,975 134,971
Total non-cancellable operating lease receivables 102,010 77,888 408,874 266,500
Parent
The Council leases properties to various parties.
Group
Christchurch International Airport Ltd
Non-cancellable operating lease receivables $231.7 million (2009:
$111.3 million). The company has a number of property leases that
generate rental income.
Lyttelton Port Company Ltd
Non-cancellable operating lease receivables $67.4 million (2009:
$69.5 million). The company leases a range of land, buildings and
equipment to a number of customers. A number of leases include
rights of renewal for further periods up to 12 years. There were no
contingent rents recognised as income during the year.