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Schedule of commitments
as at 30 June 2003
| 2003 $'000 |
2002 $'000 |
|
|---|---|---|
| BY TYPE | ||
| Capital commitments1 | ||
| Infrastructure, plant and equipment | 1,360 | 1,587 |
| Total capital commitments | 1,360 | 1,587 |
| Other commitments | ||
| Operating leases2 | 8,517 | 12,948 |
| Other commitments3 | 25,342 | 10,389 |
| Total other commitments | 33,859 | 23,337 |
| Commitments receivable | (3,202) | (2,266) |
| Net commitments | 32,017 | 22,658 |
| BY MATURITY | ||
| Capital commitments | ||
| One year or less | 14,765 | 7,270 |
| From one to five years | 17,240 | 13,967 |
| Over five years | 12 | 1,421 |
| Operating lease commitments | ||
| One year or less | 2,624 | 2,675 |
| From one to five years | 5,107 | 7,774 |
| Over five years | 12 | 1,322 |
NB: Commitments are GST inclusive where relevant.
- Relates primarily to a contractual agreement with TVNZ Australia Ltd. for the provision of shore based facilities for terrestrial radio services and Immarsat satellite services, and assets underconstruction;
- Operating leases included are effectively non-cancellable and comprise:
Nature of lease General description of leasing arrangement leases for office accommodation- lease payments are subject to annual increases in accordance with the terms specified in the lease agreements.
motor vehicles to AMSA Officers- no contingent rentals exist;
- there are no renewal or purchase options available to the Agency.
- As at 30 June 2003, other commitments relate primarily to:
- a contractual agreement with Australian Maritime Systems Ltd. for the provision of navigational aid maintenance services valued at $12,488,398 (2002: $14,581,273);
- a contractual agreement with TVNZ Australia Ltd. for the provision of shore based facilities for terrestrial radio services and Immarsat satellite services valued at $4,992,000 (2002: $5,586,792); and
- hire of the vessel Southern Supporter valued at $2,759,597 (2002: $4,238,877).