Qantas 2012 Annual Report Download - page 114

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FOR THE YEAR ENDED 30 JUNE 2012
Notes to the Financial Statements continued
A FINANCE LEASE AND HIRE PURCHASE COMMITMENTS
Qantas Group
2012
$M
2011
$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 five years  
Later than five years  –
 
Less: future lease and hire purchase finance charges and deferred lease benefits  
Total finance 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 finance lease and hire purchase liabilities  
The Qantas Group leases aircraft under finance leases with expiry dates between one and 10 years. Most finance 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 five years , ,
Later than five years  
, ,
Non-aircraft – payable:
Not later than one year  
Later than one year but not later than five years  
Later than five years  
, ,
Less: provision for potential under-recovery of rentals on unused premises available for sub-lease
(included in onerous contract provision)
 
, ,
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 30 years.
The Qantas Group has the right to negotiate extensions on most leases.
28. Commitments
QANTAS ANNUAL REPORT 2012112