Brambles 2006 Annual Report - Alle jaarverslagen
Brambles 2006 Annual Report - Alle jaarverslagen
Brambles 2006 Annual Report - Alle jaarverslagen
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135<br />
<strong>Brambles</strong><br />
<strong>2006</strong> <strong>Annual</strong> <strong>Report</strong><br />
Note 32.<br />
Commitments<br />
a) Capital expenditure commitments<br />
At 30 June <strong>2006</strong>, <strong>Brambles</strong>’ continuing operations had commitments of US$19.8 million (2005: US$55.1 million) principally relating<br />
to property, plant and equipment.<br />
Capital expenditure in respect of continuing operations contracted for but not recognised as liabilities at reporting date were as follows:<br />
<strong>2006</strong><br />
US$m<br />
2005<br />
US$m<br />
Within one year 19.8 54.6<br />
Between one and five years – 0.5<br />
19.8 55.1<br />
In addition, capital expenditure commitments of discontinued operations primarily relating to property, plant and equipment amounted<br />
to US$23.5 million (2005: nil) at reporting date.<br />
b) Operating lease commitments<br />
<strong>Brambles</strong>’ continuing operations are party to operating leases for offices, operational locations and plant and equipment. The leases<br />
have varying terms, escalation clauses and renewal rights. Escalation clauses are rare and any impact is considered immaterial.<br />
The future minimum lease payments under such non-cancellable operating leases are as follows:<br />
Plant<br />
Occupancy<br />
<strong>2006</strong><br />
US$m<br />
2005<br />
US$m<br />
<strong>2006</strong><br />
US$m<br />
2005<br />
US$m<br />
Within one year 18.7 21.4 106.1 104.0<br />
Between one and five years 16.4 22.1 317.7 314.5<br />
After five years – 0.7 306.8 350.2<br />
Minimum lease payments 35.1 44.2 730.6 768.7<br />
In addition, operating lease commitments in respect of discontinued operations amounted to US$8.6 million (2005: US$4.0 million)<br />
at reporting date.<br />
During the year, operating lease expense of US$103.9 million (2005: US$136.9 million) was recognised in the income statement.<br />
c) Finance lease commitments<br />
Finance leases of plant and equipment are not a material feature of <strong>Brambles</strong>’ funding arrangements.<br />
Finance lease commitments of <strong>Brambles</strong>’ continuing operations are payable as follows:<br />
Plant<br />
<strong>2006</strong><br />
US$m<br />
2005<br />
US$m<br />
Within one year 4.4 4.4<br />
Between one and five years 8.7 11.3<br />
After five years 0.1 –<br />
Minimum lease payments 13.2 15.7<br />
In addition, finance lease commitments in respect of discontinued operations amounted to US$2.9 million (2005: nil) at reporting date.
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