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NOTES TO THE FINANCIAL STATEMENTS FOR YEAR ENDED 30 JUNE 2015 23. Leases and Other Commitments Consolidated 2015 000 2014 000 Capital commitments Commitments for the acquisition of plant and equipment contracted for at the reporting date but not recognised as liabilities are payable as follows Within one year 3832 1258 3832 1258 Operating leases Commitments for minimum lease payments in relation to non-cancellable operating leases are payable as follows Within one year 22498 21836 Later than one year but not later than 5 years 72103 56140 Later than 5 years 40807 47587 135408 125563 Finance lease payment commitments Finance lease commitments are payable as follows Within one year 103 106 Later than one year but not later than 5 years 225 245 Greater than five years 4 4 332 355 Less Future lease finance charges 35 46 297 309 Lease liabilities provided for in the financial statements Current 84 84 Non-current 213 225 Total lease liability 297 309 Leases Leases of property plant and equipment where the Group as lessee has substantially all the risks and rewards of ownership are classified as finance leases. Finance leases are capitalised at the leases inception at the lower of the fair value of the leased property and the present value of the minimum lease payments. The corresponding rental obligations net of finance charges are included in other long-term payables. Leases in which a significant portion of the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases net of any incentives received from the lessor are charged to profit or loss on a straight-line basis over the period of the lease. The Group sub-leases buildings under an operating lease and rent revenue is recorded as income in the profit or loss on a straight-line basis. Rental expense relating to operating leases included in occupancy costs is 25.3 million 2014 25.1 million. 24. Events Occurring after Balance Sheet Date On 13 July 2015 the Group paid down 80 million of borrowings from cash reserves on the revolving 5 year SFA to reduce the drawn balance to 570 million 650 million at 30 June 2015. As both cash and the SFA are included in net debt there was no change to net debt. Brian Gallagher was appointed to the role of Chief Sales Officer on 15 July 2015. Andrea Ingham resigned from her role as National Sales Director on 17 July 2015. 66 SOUTHERN CROSS AUSTEREO ANNUAL REPORT 2015