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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 benets  
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