15. Operating leases
|
2019 $'000 |
2018 $'000 |
|
|---|---|---|
|
Within one year |
221 |
211 |
|
Later than one year but not later than five years |
249 |
470 |
|
470 |
681 |
The Group entered into a non-cancellable property lease (for its premises at 1 O’Connell St, Sydney) effective from 1 August 2016 with a term of five years. Fixed rental provisions within the lease agreement require that the minimum lease payments shall be increased by 4.25 per cent per annum.
The Group entered into a non-cancellable parking lease effective from 1 August 2016 with a term of five years, which is subject to market review increases.
Visit
https://www.transparency.gov.au/annual-reports/moorebank-intermodal-company-limited/reporting-year/2018-2019-98