Qantas 2011 Annual Report Download - page 89
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Please find page 89 of the 2011 Qantas annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.87 ANNUAL REPORT 2011
for the year ended 30 June 2011
Notes to the Financial Statements continued
A FINANCE LEASE AND HIRE PURCHASE COMMITMENTS
Qantas Group
$M
$M
AS LESSEE
Finance lease and hire purchase liabilities included in the Consolidated Financial Statements at the
present value of future rentals
Aircraft and engines – payable:
Not later than one year
Later than one year but not later than ve years
Later than ve years – –
Less: future lease and hire purchase nance charges and deferred lease benets
Total nance lease and hire purchase liabilities
Finance lease and hire purchase liabilities included in the Consolidated Financial Statements
Current liabilities (refer to Note )
Non-current liabilities (refer to Note )
Total nance lease and hire purchase liabilities
The Qantas Group leases aircraft under nance leases with expiry dates between one and ve years. Most nance leases contain purchase
options exercisable at the end of the lease term. The Qantas Group has the right to negotiate extensions on most leases.
B OPERATING LEASE COMMITMENTS
AS LESSEE
Non-cancellable operating lease commitments not provided for in the Consolidated Financial Statements
Aircraft – payable:
Not later than one year
Later than one year but not later than ve years , ,
Later than ve years
, ,
Non-aircraft – payable:
Not later than one year
Later than one year but not later than ve years
Later than ve years
,
Less: provision for potential under-recovery of rentals on unused premises available for sub-lease
(included in onerous contract provision – refer to Note )
,
Total operating lease commitments not provided for in the Consolidated Financial Statements , ,
The Qantas Group leases aircraft, buildings and plant and equipment under operating leases with expiry dates between one and years.
The Qantas Group has the right to negotiate extensions on most leases.
28. Commitments