Note 28. Commitments
2019
|
2019 |
2018 |
|
|---|---|---|
|
$'000 |
$'000 |
|
|
Lease commitments - operating |
||
|
Committed at the reporting date and recognised as liabilities, payable: |
||
|
Within one year |
12,777 |
12,532 |
|
One to five years |
27,282 |
26,000 |
|
More than five years |
7,370 |
9,917 |
|
47,429 |
48,449 |
|
|
Capital commitments |
||
|
Committed at the reporting date but not recognised as liabilities, payable: |
||
|
Within one year |
205 |
72 |
General description of operating leasing arrangements:
Leases for office accommodation
Most lease payments are subject to annual increases based on either movement in the consumer price index, an agreed amount or prevailing market rentals at the time of review. The initial periods of some leases are still current and in some cases the lease may be renewed for periods of up to 5 years at Hearing Australia's option.
Agreements for the provision of motor vehicles
No contingent rentals exist and there are no renewals or purchase options available to Hearing Australia for these leases.
Commitments are GST exclusive.
Visit
https://www.transparency.gov.au/annual-reports/hearing-australia/reporting-year/2018-2019-77