Department of Foreign Affairs and Trade
Schedule of Commitments
for the period ended 30 June 2015
| 2015 | 2014 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Within 1 year | Between 1 to 5 years | More than 5 years | Total | Within 1 year | Between 1 to 5 years | More than 5 years | Total | ||
| $’000 | $’000 | $’000 | $’000 | $’000 | $’000 | $’000 | $’000 | ||
| Commitments receivable | |||||||||
| Sublease rental income | (16,640) | (62,473) | (5,672) | (84,785) | (43,354) | (79,970) | (7,996) | (131,320) | |
| Net GST recoverable on commitments | (15,930) | (12,583) | (31,225) | (59,738) | (10,454) | (13,651) | (31,123) | (55,228) | |
| Total commitments receivable | (32,570) | (75,056) | (36,897) | (144,523) | (53,808) | (93,621) | (39,119) | (186,548) | |
| Commitments payable | |||||||||
| Capital commitments | |||||||||
| Land and buildings | 113,224 | 5,675 | – | 118,899 | 245,407 | 76,741 | 53 | 322,201 | |
| Property, plant and equipment | 853 | 225 | – | 1,078 | 627 | 64 | – | 691 | |
| Total capital commitments | 114,077 | 5,900 | – | 119,977 | 246,034 | 76,805 | 53 | 322,892 | |
| Other commitments | |||||||||
| Operating leases1 | 118,881 | 233,645 | 359,416 | 711,942 | 131,459 | 238,083 | 391,105 | 760,647 | |
| Other2 | 111,243 | 38,704 | – | 149,947 | 84,353 | 73,873 | 82 | 158,308 | |
| Total other commitments | 230,124 | 272,349 | 359,416 | 861,889 | 215,812 | 311,956 | 391,187 | 918,955 | |
| Total commitments payable | 344,201 | 278,249 | 359,416 | 981,866 | 461,846 | 388,761 | 391,240 | 1,241,847 | |
| Net commitments payable | 311,631 | 203,193 | 322,519 | 837,343 | 408,038 | 295,140 | 352,121 | 1,055,299 | |
Note: Commitments are GST inclusive where relevant.
- Operating leases included are effectively non-cancellable and comprise:
- Property leases for residential, compound and chancery properties at overseas posts and office property in Canberra and all state offices in Australia. The leased estate consists of properties leased by DFAT from private landlords. The terms and conditions of these leases overseas are negotiated in Australia and at post and vary based on local market conditions.
- Agreements for the provision of motor vehicles to senior executive officers, leases for office equipment and leases for computer equipment, where the lessor typically provides all computer equipment and software necessary in the supply contract for 3 years with instalments paid quarterly. No contingent rentals exist, and there are no renewal or purchase options available to DFAT.
- Includes passport, property maintenance, IT services and security services contracts.