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2016-11-08 S&O Agenda - Item 3, Attachment 1 - Local Economic Plan
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Noosa Shire Council
Notes to the Financial Statements
for the year ended 30 June 2016
Note 18. Commitments for Expenditure
·-------~--~~~-~-----·
2016 2015
(a) Capital Commitments (exclusive ofGST)
Capital expenditure committed for at the reporting date but not recognised in
the financial statements as liabilities:
Property, Plant and Equipment
Roads, Bridges and Stormwater 1,919 6,395
Pathways 674 218
Other ~ . -- - ...1?~!2- . ·- - ,.,,1.!_446 -
Total Commitments 3,888 -- - ~~~~-
These expenditures are payable as follows :
Within the next year 3,888 8,059
Later than one year and not later than 5 years
.!:a.ter...!~~~ ..? Y~€1!,.S___ _____ ·~--·-·- ·- -·--·· ---·--
Total Payable
(b) Operating leases (Non Cancellable)
a. Minimum lease payments in relation to non·cancellable operating
leases are as follows:
Within one year 101 331
One to five years 56 34
Later than five years
157 365
b. Non Cancellable Operating Leases include the following assets:
Motor Vehicles and IT Equipment.
Lease payments are generally fixed, but with inflation clauses on which future
rentals are determined.
(c) Contractual commitments
Contractual commitments at end of financial year but not recognised in the
financial statements are as follows:
Within one year 14,204 13,496
One to five years 5,727 13,193
Later than five years
page 32
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