Note 13: Commitments
Operating Lease Commitments
Non-cancellable operating leases contracted for but not capitalised in the financial statements.
|
2019 $ |
2018$ |
|
|---|---|---|
|
Payable |
||
|
-One year or less |
126,484 |
66,992 |
|
-Later than 12 months but not later then five yea |
272,600 |
13,398 |
|
399,084 |
80,390 |
|
The operating lease commitment for the financial year ended 30 June 2019 are for the lease of Melbourne, Sydney, Darwin and Perth office accommodation and a photocopier. Commitments are shown exclusive of GST.
There were no other commitments at balance date.
Visit
https://www.transparency.gov.au/annual-reports/australia-business-arts-foundation-ltd/reporting-year/2018-2019-51