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CASA Annual Report 2004 05 Part 6: Financial Statements

Part 6: Financial Statements

CIVIL AVIATION SAFETY AUTHORITY SCHEDULE OF COMMITMENTS

as at 30 June 2005

  2005
$’000
2004
$’000
By Type
Other Commitments
Operating leases 1 39,155 26,527
Other commitments 2 5,989 6,169
Total Other Commitments 45,144 32,696
Commitments receivable 4,104 2,972
Net Commitments by Type 41,040 29,724
By Maturity
Operating Lease Commitments
One year or less 9,258 9,546
From one to five years 23,255 12,206
Over five years 6,642 4,775
Total Operating Lease Commitments 39,155 26,527
Other Commitments
One year or less 5,989 6,169
From one to five years - -
Over five years - -
Total Other Commitments 5,989 6,169
Commitments Receivable 4,104 2,972
Net Commitments by Maturity 41,040 29,724

NB: Commitments are GST inclusive where relevant.

1 Operating leases included are effectively non-cancellable and comprise:

Nature of Lease
General Description of Leasing Arrangements

Lease for Office accommodation

Lease payments may be subject to annual increase with upward movements in Consumer Price Index and/or Market Review.

The initial period of Office accommodation leases (majority) are still current and each may be renewed for up to 5 years at CASA's option, following a once-off adjustment of rentals to current market levels.

Lease for provision of information technology infrastructure

Lease is in relation to provision of information technology infrastructure, excluding Desktop Workstations, Portable Laptops and Network Printers.

Volante Pty Ltd meets the majority of CASA's computer equipment and software requirements under the provisions of the Group 8 Services Agreement for an initial period of 5 years ending 30 June 2005 (to be extended by 2x2 years at CASA's option). CASA retained the right under the Service Agreement to source IT&T equipment from other suppliers if deemed appropriate. To date such purchases have been minor.

In conjunction with all other Group 8 agencies, CASA has exercised its options to extend its information technology Agreement with Volante Pty Ltd. The term of this extension is for another 2 x 2 years ending on 25 June 2009.

2 As at 30 June 2005, other commitments are primarily contracts for acquisition and configuration of commercial software for new business processes and systems.

The above schedule should be read in conjunction with the accompanying notes.

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