127363 Gauteng Sports 2020.indb
GAUTENG DEPARTMENT OF SPORT, ARTS, CULTUREAND RECREATION: VOTE 12 NOTES TO THEANNUAL FINANCIAL STATEMENTS for the year ended 31 March 2020
22. Lease commitments 22.1 Operating leases
Machinery and equipment
Specialised military equipment
Buildings and other ¿ xed structures
Total
2019/20
Land
R’000
R’000
R’000
R’000
R’000
Not later than 1 year
-
-
2 856
135
2 991
Later than 1 year and not later than 5 years
-
-
9 377
-
9 377
Later than ¿ ve years
- -
- -
-
-
-
Total lease commitments
12 233
135
12 368
Machinery and equipment
Specialised military equipment
Buildings and other ¿ xed structures
Total
2018/19
Land
R’000
R’000
R’000
R’000
R’000
Not later than 1 year
-
-
458
173
631
Later than 1 year and not later than 5 years
-
-
-
-
-
Later than ¿ ve years
- -
- -
-
-
-
Total lease commitments
458
173
631
The operating lease for buildings and ¿ xed structures is with regard to the South Corridor, for ¿ ve years starting 1 April 2020. The lease for the Central corridor expired; the costs are estimated and based on the existing contract that is month to month. Unfortunately, there is no estimated amount to determine the possible costs of the rental on the East Corridor and no commitment has been calculated for the required rental of of ¿ ce space for that corridor.
302
2019/20 ANNUAL FINANCIAL STATEMENTS
Made with FlippingBook - Online Brochure Maker