Qantas 2006 Annual Report Download - page 102

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100
Notes to the Financial Statements
for the year ended 30 June 2006
21. Operating Lease and Hire Commitments
Qantas Group Qantas
2006
$M
2005
$M
2006
$M
2005
$M
Future net operating lease and hire commitments not provided for
in the Financial Statements 2,792.1 2,131.7 1,673.4 1,568.1
Payable
Not later than one year 534.9 427.6 355.4 325.3
Later than one year but not later than five years 1,309.2 1,042.2 777.3 766.2
Later than five years 951.5 671.1 542.6 483.6
2,795.6 2,140.9 1,675.3 1,575.1
Less: provision for potential under recovery of rentals on unused premises available
for sub-lease (included in Onerous Contract Provision) 3.5 9.2 1.9 7.0
2,792.1 2,131.7 1,673.4 1,568.1
Operating lease commitments represent:
Cancellable operating leases 842.6 1,025.8 835.4 1,017.5
Non-cancellable operating leases:
Aircraft leases 1,949.5 1,105.9 838.0 550.6
2,792.1 2,131.7 1,673.4 1,568.1
Non-cancellable operating lease commitments, excluding unguaranteed residual
payments, not provided for in the Financial Statements:
Payable
Not later than one year 405.2 271.9 227.6 171.9
Later than one year but not later than five years 963.0 641.2 435.6 371.0
Later than five years 581.3 192.8 174.8 7.7
1,949.5 1,105.9 838.0 550.6
The Qantas Group leases aircraft, buildings and plant and equipment under operating leases with expiry dates between one and 36 years. The Qantas Group
has the right to negotiate extensions on most leases.
22. Capital Expenditure Commitments
$M $M $M $M
Capital expenditure commitments contracted but not provided for
in the Financial Statements:
Aircraft 9,801.3 4,246.4 9,783.2 4,232.2
Building works 101.3 155.7 100.6 147.7
Other 98.7 136.4 81.7 120.5
10,001.3 4,538.5 9,965.5 4,500.4
Payable
Not later than one year 1,349.4 1,566.8 1,317.1 1,557.1
Later than one year but not later than five years 8,651.9 2,971.7 8,648.4 2,943.3
10,001.3 4,538.5 9,965.5 4,500.4
The above amounts exclude uncommitted aircraft purchase payments that may be made if cancellable aircraft options are exercised.