98 / 100
NOTES TO FINANCIAL STATEMENTS
31 MARCH 2016
18
CAPITAL COMMITMENTS
(CONT’D)
At the end of the reporting period, the Commission has outstanding commitments under non-cancellable
operating leases, which fall due as follows:
Operating lease payments represent rentals payable by the Commission for its office premises and office
equipment under operating leases. Leases are negotiated and rentals are fixed for an average of 1 to 5 years
with renewal options included in the contracts.
2016
2015
$
$
Not later than one year
677,114
1,657,836
Later than one year but not later than five years
40,922
685,061
718,036
2,342,897
96
FINANCIAL STATEMENTS
CCS ANNUAL REPORT 2015-2016