25 Commitments
|
$million |
2019 |
2018 |
|---|---|---|
|
Capital expenditure commitments - property, plant & equipment |
||
|
Not longer than 1 year |
888.9 |
39.3 |
|
Later than 1 year but not later than 5 years |
3,349.4 |
12.4 |
|
Later than 5 years |
600.9 |
0.6 |
|
Total capital expenditure commitments - property, plant and equipment |
4,839.2 |
52.3 |
|
Operating lease commitments |
||
|
Not longer than 1 year |
11.5 |
11.2 |
|
Later than 1 year but not later than 5 years |
36.4 |
30.6 |
|
Later than 5 years |
85.6 |
87.0 |
|
Total operating lease commitments |
133.5 |
128.8 |
|
Other commitments |
||
|
Not later than 1 year |
18.6 |
20.2 |
|
Later than 1 year but not later than 5 years |
15.1 |
31.6 |
|
Total other commitments |
33.7 |
51.8 |
The lease commitments above are for office premises in Sydney and Melbourne and land leased for various operational sites in NSW, Victoria and South Australia with durations from 1 to 30 years. All leases have an annual escalation clause, with most being a relevant consumer price index. In addition the Kosciuszko National Park lease commenced in 2002 for a period of 75 years. There are no restrictions imposed by any operating lease.
Finance lease commitments
|
Minimum lease payments |
Present value of minimum lease payments |
|||
|---|---|---|---|---|
|
$million |
2019 |
2018 |
2019 |
2018 |
|
Not later than 1 year |
11.2 |
11.2 |
10.3 |
10.3 |
|
Later than 1 year and not later than 5 years |
44.9 |
44.9 |
33.3 |
33.3 |
|
Later than 5 years |
52.2 |
63.4 |
28.6 |
33.1 |
|
Minimum future lease payments |
108.3 |
119.5 |
72.2 |
76.7 |
|
Less future finance charges |
(36.1) |
(42.8) |
- |
- |
|
Present value of minimum lease payments |
72.2 |
76.7 |
72.2 |
76.7 |
The principal component of remaining lease payments is included in the financial statements as disclosed in Note 15. The finance lease relates to a gas pipeline at the Colongra Power Station. The lease has a term of 20 years expiring in 2029.
Visit
https://www.transparency.gov.au/annual-reports/snowy-hydro-limited/reporting-year/2018-2019-72