Note 11. Commitments
2020 | 2019 | |
|---|---|---|
Contracts for services | ||
- Not more than 12 months | 1,976,315 | 1,720,669 |
- Greater than 12 months but not later than 5 years | 561,423 | 592,849 |
Total contracts for services commitments | 2,537,738 | 2,313,518 |
Net contracts for services commitments | 2,537,738 | 2,313,518 |
Accounting Policy
Commitments
Commitments include those operating, capital and other outsourcing commitments arising from non-cancellable contractual or statutory sources and are disclosed at their nominal value inclusive of GST payable or receivable.
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https://www.transparency.gov.au/annual-reports/australian-institute-teaching-and-school-leadership-limited/reporting-year/2019-20-24