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Annual Financial Statements for year ended 30 June 2012
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29. Capital Commitments
Capital commitments contracted for as at balance date that have not been recognised as
liabilities in the balance sheet are as follows:
Commitment Term
2011-2012
$
2010-2011
$
Not Longer than 1 year
Equipment
364,743
386,353
Infrastructure
2,737,249
759,379
Port Centre Co-ordination Group Fund
300,000
300,000
Longer than 1 year, not longer than 5 years
Infrastructure
0
0
Port Centre Co-ordination Group Fund
833,070
1,133,070
Longer than 5 years
Port Centre Co-ordination Group Fund
0
0
Total Capital Commitments
4,235,062
2,578,802
30. Operating Lease Commitments
Operating leases relate to information technology equipment with lease terms of between two
and five years, and motor vehicles with lease terms of between two and three years. The
operating lease commitments at the reporting date are as follows:
Commitment Term
2011-2012
$
2010-2011
$
Not longer than 1 Year
445,264
375,781
Longer than 1 year, not longer than 5 years
335,519
271,564
Longer than 5 years
0
0
Future Lease Payments
780,783
647,345
31. Other Expenditure Commitments
Other expenditure commitments (excluding inventories) as at balance date that have not been
recognised as liabilities in the balance sheet are as follows:
Commitment Term
2011-2012
$
2010-2011
$
Not longer than 1 Year
Audit Services
63,550
0
Animal & Parking Inspections
351,320
351,320
Building & Property Maintenance
812,091
490,239
Waste Management Services
7,986,342
7,695,982
Other Commitments
562,220
1,019,838
Longer than 1 year, not longer than 5 years
Audit Services
190,650
0
Animal & Parking Inspections
0
351,320
Building & Property Maintenance
731,909
0
Waste Management Services
30,298,800
29,818,800
Other Commitments
287,380
342,760
Longer than 5 Years
Waste Management Services
21,461,650
28,576,350
Total Other Commitments
62,745,912
68,646,609
Notes to the Financial Statements