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Department of Veterans' Affairs schedule of commitments

as at 30 June 2013

Schedule of Commitments
  2013 2012
  $'000 $'000
BY TYPE    
Commitments receivable    
Sublease rental income1 (3,712) (3,348)
Net GST recoverable on commitments (11,332) (13,499)
Total commitments receivable (15,044) (16,847)
Commitments payable    
Other commitments    
Operating leases2 120,092 140,864
Project commitments3 2,545 9,464 180
Research and development - 180
Other4 5,728 1,349
Total other commitments 128,365 151,857
Total commitments payable 128,365 151,857
Net commitments by type 113,321 135,010
BY MATURITY    
Commitments receivable    
Sublease rental income    
One year or less (3,712) (3,348)
From one to five years - -
Over five years - -
Total sublease rental income (3,712) (3,348)
Net GST recoverable    
One year or less (2,607) (2,605)
From one to five years (7,724) (9,091)
Over five years (1,001) (1,803)
Total GST recoverable (11,332) (13,499)
Total commitments receivable (15,044) (16,847)
Commitments payable    
Operating lease commitments    
One year or less 26,386 26,839
From one to five years 82,695 94,976
Over five years 11,011 19,049
Total operating lease commitments 120,092 140,864
Project, research and development and other commitments    
One year or less 5,999 5,184
From one to five years 2,274 5,023
Over five years - 786
Total project, research and development and other commitments 8,273 10,993
Total commitments payable 128,365 151,857
Net commitments by maturity 113,321 135,010

Commitments are GST inclusive where relevant.

1 Details of sublease rental income is outlined in the following table.

2 Details of operating leases are outlined in the following table.

3 Project commitments include commitments for the provision of mail and courier services, and other projects.

4 Other commitments primarily include agreements for the provision of IT services and equipment.

The above statement should be read in conjunction with the accompanying notes

DEPARTMENT OF VETERANS' AFFAIRS
SCHEDULE OF COMMITMENTS

as at 30 June 2013

Nature of lease and general description of leasing arrangement
Nature of lease General description of leasing arrangement
Property leases Lease payments are subject to regular fixed increases and are in accordance with upward movements in the Consumer Price Index.
  Lease periods for DVA’s shopfronts are up to three years, whereas the periods for leases of office space extend up to ten years.
  Leases include options for renewal with the majority requiring between four weeks to twelve months notification to lessors. Where offered, lease renewal options range from one to five years.
Sublease rental income DVA leases excess space to the Department of Sustainability, Environment, Water, Population and Communities (SEWPaC).
  The Memorandum of Understanding between DVA and SEWPaC specifies that the arrangement is reviewed annually and lease receipts are subject to upward movements in the Consumer Price Index plus one percent.
Vehicle leases Leases may be extended for periods of three months at a time as required, whilst delivery of a replacement vehicle is arranged.
  Officers have an option to purchase the vehicle they have been assigned for its residual value.
  The leases expire within three to twelve months.

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

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