Part 4: Financial Statements – HTML version

DEPARTMENT OF FAMILY AND COMMUNITY SERVICES
SCHEDULE OF COMMITMENTS
for the year ended 30 June 2004

DEPARTMENT OF FAMILY AND COMMUNITY SERVICES
SCHEDULE OF COMMITMENTS
for the year ended 30 June 2004
  2004
$'000		 2003
$'000
BY TYPE    
Other commitments    
Operating leases1 261,831 226,629
Research and development 593 30,133
Other commitments2 68,593 14,789
Total other commitments 331,017 271,551
Commitments receivable (30,042) (24,686)
Net commitments 300,975 246,865
BY MATURITY    
Operating lease commitments    
One year or less 40,077 38,446
From one to five years 117,869 104,711
Over five years 80,082 62,870
Total operating lease commitments by maturity 238,028 206,027
Other commitments    
One year or less 28,621 21,109
From one to five years 30,041 13,942
Over five years 4,285 5,787
Total other commitments by maturity 62,947 40,838
Net commitments by maturity 300,975 246,865

NB: Commitments are GST inclusive where relevant.

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

Nature of lease
 General description of leasing arrangement
Leases for office accommodation
  • The Department of Family and Community Services has 17 accommodation leases and 2 separate leases for offsite storage facilities. The Department's lease payments are subject to review in 8 cases, with one being fixed at Central Park in Western Australia. The remainder have predetermined fixed escalators or are linked to CPI movements. The Child Support Agency has varying rates for rent reviews.
  • Almost all the lease terms range from 1 to 5 years for the Department of Family and Community Services. Currently there is one lease that is a monthly tenancy. Three leases are for 10 year terms, dating from before when FaCS was created. Tuggeranong Office Park has a 25 year lease. The Child Support Agency has leases with the ATO that range from 1 to 5 years and has private leases that range from 6 to 10 years.
  • The Department of Family and Community Services is in the mid or late stage for most of its leases. Some of these leases have option periods that may be exercised at the Department's discretion. Six leases do not have option periods. The Child Support Agency private leases are all in the initial periods and are still current.
Agreements for the provision of motor vehicles to senior executive officers

  • No contingent rentals exist.
  • There are lease extension options available to the Department of Family and Community Services.
Leases for office equipment
  • There are a small number of office equipment leases (excluding IT) that range from 3 to 5 years.

2 Other commitments comprise other operational agreements and undertakings with suppliers to provide goods and services.

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

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© Commonwealth of Australia, 2005 | Last modified 11 February 2005