AITSL Annual Report 2011-12 - Australian Institute for Teaching and ...
AITSL Annual Report 2011-12 - Australian Institute for Teaching and ...
AITSL Annual Report 2011-12 - Australian Institute for Teaching and ...
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than a contingent asset <strong>for</strong> the recovery from a sub-tenant of make good costs that will be incurredby <strong>AITSL</strong> on termination of the lease of premises in Canberra. The recovery is currently estimated toapproximate $161,000.Note 14 – Commitments Sub lease rental income (<strong>12</strong>2,545) (240,377)Total commitments receivable (<strong>12</strong>2,545) (240,377)Programs 2,083,000 2,607,000Operating Leases 2,197,989 2,859,931Total commitments payable 4,280,989 5,466,931Net commitments by type 4,158,444 5,226,554By maturityOperating lease income relates to the sub-lease agreement on the tenancy at 71 Leichhardt St,Canberra. There is 1 year remaining on the sub-lease with an option <strong>for</strong> the lessee to extend <strong>for</strong> afurther 2 terms of 3 years each. Lease incentives provided are apportioned evenly over the terms of Total sub lease rental income (<strong>12</strong>2,545) (240,377)<strong>AITSL</strong> <strong>Annual</strong> <strong>Report</strong> <strong>2011</strong>–20<strong>12</strong>85