2003 - 04 Annual Report - Sbs

88SCHEDULE OF COMMITMENTSas at 30 June 2004Notes Consolidated Corporation2004 2003 2004 2003$'000 $'000 $'000 $'000By TypeCapital commitmentsBuildings 59 177 59 177Plant and equipment 2,630 3,593 2,630 3,593Total capital commitments 2,689 3,770 2,689 3,770Other commitmentsTransmission facilities (i) 649,271 582,474 649,271 582,474Operating leases (ii) 16,358 17,303 16,322 17,266Other commitments (iii) 41,220 28,592 41,220 28,592Total other commitments 706,849 628,369 706,813 628,332Commitments receivableTransmission facilities (i) 456,591 332,851 456,591 332,851Operating leases 2,155 2,640 2,155 2,640Advertising and sponsorship 4,411 2,832 4,411 2,832Services to related corporations 119 193 119 193Other commitments (iii) 62,521 55,593 62,521 55,593Total commitments receivable 525,797 394,109 525,797 394,109Net commitments 183,741 238,030 183,705 237,993By MaturityCapital CommitmentsOne year or less 2,689 3,770 2,689 3,770From one to five years - - - -Over five years - - - -Total capital commitments 2,689 3,770 2,689 3,770Operating lease commitmentsOne year or less 2,554 2,836 2,542 2,799From one to five years 6,404 6,238 6,380 6,238Over five years 7,400 8,229 7,400 8,229Total operating lease commitments 16,358 17,303 16,322 17,266Other commitmentsOne year or less 93,942 67,613 93,942 67,613From one to five years 256,646 213,091 256,646 213,091Over five years 339,903 330,362 339,903 330,362Total other commitments 690,491 611,066 690,491 611,066Total commitments receivable 525,797 394,109 525,797 394,109Net commitments 183,741 238,030 183,705 237,993NB: Commitments are GST inclusive where relevant.(i) Transmission facilities commitments include future expenditure and amounts receivable for digital transmission services.(ii) Nature of leaseGeneral description of leasing arrangement:– Leases for office accommodation: Lease payments are subject to annual increases in line with the Consumer Price Index or Market Value. The leases are renewable.– Leases of computer equipment: The leases for computer equipment are for a period of three or four years. Options to extend leased terms are available at discounted prices.– Leases of motor vehicles: No contingent rentals exist, and no renewal or purchase options are available.(iii) As at 30 June 2004, other commitments comprises amounts in respect of program, production, operational costs, and net GST recoverable from the taxation authority,which relate to these commitments.THE ABOVE SCHEDULE SHOULD BE READ IN CONJUNCTION WITH THE ACCOMPANYING NOTES