Online version of the 2012-13 Department of Health and Ageing Annual Report

Schedule of Commitments

as at 30 June 2013

Page last updated: 29 October 2013

2013
$'000
2012
$'000
 BY TYPE 
 Commitments receivable 
 Net GST recoverable on commitments   4,869 5,481
 Other commitments receivable  1,004 1,988
 Total commitments receivable  5,873 7,469
 Commitments payable 
 Capital commitments 
 Property, plant and equipment  (340) (213)
 Total capital commitments  (340) (213)
 Other commitments 
 Operating leases  (42,592) (50,627)
 Other   (10,630) (8,571)
 Total other commitments  (53,222) (59,198)
 Total commitments payable  (53,562) (59,411)
 Net commitments by type  (47,689) (51,942)
 BY MATURITY 
 Commitments receivable 
 One year or less  2,722 2,726
 From one to five years  3,151 4,743
 Total commitments receivable  5,873 7,469
 Commitments payable 
 Capital commitments 
 One year or less  (340) (213)
 Total capital commitments  (340) (213)
 Operating lease commitments 
 One year or less  (10,407) (10,189)
 From one to five years  (32,185) (40,438)
 Total operating lease commitments  (42,592) (50,627)
 Other commitments 
 One year or less  (8,154) (7,943)
 From one to five years  (2,476) (628)
 Total other commitments  (10,630) (8,571)
 Total commitments payable  (53,562) (59,411)
 Net commitments by maturity  (47,689) (51,942)

Notes:

Commitments are GST inclusive where relevant.

Operating leases are effectively non-cancellable and comprise leases for office accommodation.  Lease payments for the Symonston property are subject to annual adjustments for the Consumer Price Index or 3% (whichever is higher) with a Market Rent Review every third year.  The initial term of the Symonston accommodation lease is still current and may be extended at the end of the lease at the Therapeutic Goods Administration's (TGA) option.  Other office leases (offices located in Canberra, Melbourne, Sydney and Brisbane) are subject to annual rent adjustments of between 3.5% and 5% and can be renewed for terms of between 6 months and 5 years, at the TGA's option.

The above schedule should be read in conjunction with the accompanying notes.