Annual Report 2011 - Sydney Opera House

94SYDNEY OPERA HOUSE TRUSTnotes TO AND FORMING PART OF THE FINANCIAL STATEMENTS(b) Capital commitmentsCapital expenditures contracted for at 30 June but not recognisedas liabilities are as follows:2011 2010$’000 $’000Payable:Within one year 4,108 2,706Later than one year andnot later than five years 1,569 -Later than five years - -Total including GST 5,677 2,706Capital commitments contracted for at year end relate to buildingdevelopment projects. The commitments include input tax creditsof $512k recoverable from the Australian Taxation Office ($243kfor 2010).25. NOTES TO THE STATEMENT OF CASH FLOWSReconciliation of surplus to net cash flows from operatingactivities:2011 2010$’000 $’000Deficit for the year (5,007) (14,388)Depreciation, amortisation and make good 15,313 17,008Capital sponsorship (340) (427)Net (profit)/loss on sale of plantand equipment and assets written off (4) 2,593Increase/(decrease) in payables 3,307 (378)Decrease/(increase) in receivables 523 (1,439)Decrease/(increase) in inventories 18 (31)Net cash flow from operating activities 13,810 2,938(c) LeasesLeases contracted for at 30 June but not recognised as liabilitiesare as follows:2011 2010$’000 $’000Payable:Within one year 383 684Later than one year andnot later than five years 81 464Later than five years - -Total including GST 464 1,148The commitments include input tax credits of $42k recoverablefrom the Australian Taxation Office ($104k for 2010).22. CONTINGENT LIABILITIESThere are no contingent liabilities. (Nil at 30 June 2010).23. PAYMENTS TO CONSULTANTSIn the year ending 30 June 2011, consultants were paid a totalof $473k ($512k in 2010).24. AFTER Balance DATE EVENTSThere are no after balance date events. (Nil at 30 June 2010).END OF AUDITEDFINANCIALstatements