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Schedule of Commitments

Department of Transport and Regional Services

as at 30 June 2002

2001-2002

2000-2001

$'000

$'000

BY TYPE

CAPITAL COMMITMENTS

Land and buildings

-

-

Infrastructure, plant and equipment1

5 865

-

Other capital commitments2

-

376

Total capital commitments

5 865

376

OTHER COMMITMENTS

Operating leases3

53 737

60 858

Project commitments

-

798

Other commitments4

35 309

43 215

Total other commitments

89 046

104 871

COMMITMENTS RECEIVABLE5

6 068

8 429

Net commitments

88 843

96 818

BY MATURITY

All net commitments

One year or less

43 718

32 184

From one to five years

25 970

39 635

Over five years

19 155

24 999

Net commitments

88 843

96 818

Operating Lease Commitments

One year or less

6 929

8 259

From one to five years

22 349

25 151

Over five years

19 155

27 448

Net operating lease commitments

48 433

60 858

Notes

1

Infrastructure, plant and equipment were in respect of development of infrastructure on Christmas Island and Cocos (Keeling) Island.

2

Other capital commitments were in respect of software construction.

3

Operating leases are effectively non-cancellable and comprise leases for office accommodation and agreements for the provision of motor vehicles to senior executive officers.

4

Other commitments relates to the provision of goods and services to the Department.

5

Commitments receivables include GST recoveries in relation to the commitments payable.

Nature of lease

General description of leasing arrangement

Leases for office accommodation

*

The Department has entered into 18 operating leases for office accommodation purposes.

*

Most Departmental leases contain a clause permitting market indexation, subject to agreement by both parties. In general the rent reviews take place at least once every two years.

Agreement for the provision of motor vehicles to senior executive officers

*

DASFleet is the provider of vehicles for senior executive officers of the Department. The existing contract spans from 1 September 1997 to 30 August 2002.

*

Leases are for a minimum period of three months and typically extend two years. They may be extended for up to three months from the originally specified expiry date.

*

There are no existing contingent rental agreements between the Department and DASFleet.

*

There are no renewal options available on the Agreement.