Commitments are defined as:
a) Intentions to create liabilities or assets for the receiving entity, as evidenced by undertakings or agreements to make/obtain future payments to/from other entities; and
b) Are executory contracts that are not recognised under AASB 137 Provisions, Contingent Liabilities and Contingent Assets (i.e. not onerous); but
c) Do not include future appropriations.
Commitments are disclosed per requirements of AASB 117 Leases, AASB 138 Intangible Assets and AASB 116 Property, Plant and Equipment.
| Departmental | Administered | |||
| 30 June | 30 June | 30 June | 30 June | |
| 2018 | 2017 | 2018 | 2017 | |
| $'000 | $'000 | $'000 | $'000 | |
| BY TYPE | ||||
| Commitments receivable | ||||
| Domestic property portfolio - rent receivable1 | 745,546 | 983,098 | - | - |
| Subleasing - rent receivable2 | 9,464 | 11,170 | - | - |
| Net GST recoverable | 37,529 | 38,512 | 12,699 | 12,730 |
| Total commitments receivable | 792,539 | 1,032,780 | 12,699 | 12,730 |
| Commitments payable3 | ||||
| Capital commitments | ||||
| Land and buildings4 | 42,298 | 40,206 | 185 | 105,- |
| Intangible assets development | 14,076 | 5,089 | - | - |
| Infrastructure, plant & equipment | 142 | 1,215 | 3,299 | 105 |
| Total capital commitments | 56,516 | 46,510 | 3,484 | |
| Other commitments | ||||
| Operating leases5 | 351,129 | 377,122 | 152,137 | 140,125 |
| Finance leases6 | 5,481 | 7,075 | - | - |
| Net GST payable | 67,777 | 89,373 | - | - |
| Total other commitments | 424,387 | 473,570 | 152,137 | 140,125 |
| Total commitments payable | 480,903 | 520,080 | 155,621 | 140,230 |
| Net commitments by type | 311,636 | 512,700 | (142,922) | (127,500) |
| BY MATURITY | ||||
| Commitments receivable | ||||
| Within 1 year | 73,040 | 78,114 | 3,582 | 3,271 |
| Between 1 to 5 years | 277,465 | 397,162 | 6,838 | 7,725 |
| More than 5 years | 442,034 | 557,504 | 2,279 | 1,734 |
| Total commitments receivable | 792,539 | 1,032,780 | 12,699 | 12,730 |
| Commitments payable | ||||
| Capital commitments | ||||
| Within 1 year | 48,466 | 38,911 | 3,484 | 105 |
| Between 1 to 5 years | 8,050 | 7,599 | - | - |
| Total capital commitments | 56,516 | 46,510 | 3,484 | 105 |
| Operating lease commitments | ||||
| Within 1 year | 15,729 | 17,482 | 37,784 | 36,059 |
| Between 1 to 5 years | 67,752 | 90,864 | 82,637 | 84,988 |
| More than 5 years | 267,648 | 268,776 | 31,716 | 19,078 |
| Total operating lease commitments | 351,129 | 377,122 | 152,317 | 140,125 |
| Finance lease commitments | ||||
| Within 1 year | 3,245 | 3,190 | - | - |
| Between 1 to 5 years | 2,236 | 3,885 | - | - |
| Total finance lease commitments | 5,481 | 7,075 | - | - |
| Other commitments | ||||
| Within 1 year | 5,925 | 6,461 | - | - |
| Between 1 to 5 years | 23,879 | 34,440 | - | - |
| More than 5 years | 37,973 | 48,472 | - | - |
| Total other commitments | 67,777 | 89,373 | - | - |
| Total commitments payable | 480,903 | 520,080 | 155,621 | 140,230 |
| Net commitments by maturity | 311,636 | 512,700 | (142,922) | (127,500) |
1 Domestic property portfolio rent receivable includes rent to be received from the Australian Government’s non-Defence Commonwealth owned property portfolio within Australia.
2 Subleasing rent receivable arrangements exist with the Department of Human Services for One Canberra Avenue.
3 Commitments relating to goods and services contracts for current and prior years are not required to be disclosed.
4 Land and buildings mainly represent outstanding contractual commitments for construction projects.
5 Operating leases mainly comprise office accommodation for Finance business operations (Departmental) and electorate offices for parliamentarians, Commonwealth Parliament Offices and COMCAR depots (Administered).
6 Finance leases represent outstanding contractual commitments relating to IT equipment and software.
