annual report 2004
Statement of Compliance
Statement of Corporate Intent
The TASCORP Board
Chairman’s Report
Chief Executive Officer’s Report
The Tasmanian Economy
Functions and Powers
Commonwealth-State
Financial Relations
Credit Ratings
Additional Statutory Reporting
Global Distribution Group &
Facility Membership
TASCORP Client Listing
Staff
Corporate Governance
Standards
Financial Statements
- Financial Performance
- Financial Position
- Cash Flows
- Note 1: Summary of Accounting Policies
- Note 2: Revenue & Expenses
- Note 3: Profit from Ordinary Activities
- Note 4:Statement of Tax Equivalent
- Note 5: Investments
- Note 6: Advances
- Note 7:Property Plant & Equipment
- Note 8:Other Assets
- Note 9:Deposits
- Note 10: Borrowings
- Note 11: Derivative Financial Instruments
- Note 12: Other Liabilities
- Note 13: General Reserve
- Note 14: Reconciliation of Cash Flows
- Note 15: Net Fair Values
- Note 16a: Credit Risk
- Note 16b; Interest Rate Risk Management
- Note 16c: Foreign Exchange Risk Management
- Note 16d: Liquidity Risk
- Note 17: Liabilities & Commitments
- Note 18: Lease Commitments
- Note 19: Auditor's Remuneration
- Note 20: Directors Remuneration
- Note 21: Superannuation
- Note 22: Related Party Information
- Note 23: Disclosure of Impacts
- Certification Statement
- Independent Audit Report
Financial Statements home

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 June 2004


NOTE 18: LEASE COMMITMENTS


The Corporation has a non-cancelable operating lease commitment in relation to its premises. The Corporation renewed its lease for a period of five years from 1 May 2001.

Expenditure commitments in relation to the operating lease inclusive of non-recoverable GST as from the lease renewal are as follows:

2003-04
A$’000
2002-03
A$’000
Less than one year
123
123
One to two years
103
123
Two to five years
103

Total

226
349



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