Department of Infrastructure Development Annual Report 2021-2022

NOTES TO THE ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

20.2

Finance leases

Specialised military equipment

Buildings and other fixed structures

Machinery and equipment

Land

Total

2021/22

R’000

R’000

R’000

R’000

R’000

Not later than 1 year

-

-

-

13 742

13 742

Later than 1 year and not later than 5 years

-

-

-

12 612

12 612

Later than five years

-

-

-

-

-

Total lease commitments

-

-

-

26 354

26 354

Specialised military equipment

Buildings and other fixed structures

Machinery and equipment

Land

Total

2020/21

R’000

R’000

R’000

R’000

R’000

Not later than 1 year

-

-

-

6 294

6 294

Later than 1 year and not later than 5 years

-

-

-

1

1

Total lease commitments

-

-

-

6 295

6 295

The Department has progressively moved its Cellphone contractual obligations from Vodacom to MTN however there are still other lines operating under Vodacom.

20.3

Operating lease future revenue

Specialised military equipment

Buildings and other fixed structures

Machinery and equipment

Land

Total

2021/22

R’000

R’000

R’000

R’000

R’000

Not later than 1 year

-

-

2 351

-

2 351

Later than 1 year and not later than 5 years

-

-

7 111

-

7 111

Later than five years

-

-

14 668

-

14 668

Total operating lease revenue receivable

-

-

24 130

-

24 130

Specialised military equipment

Buildings and other fixed structures

Machinery and equipment

Land

Total

2020/21

R’000

R’000

R’000

R’000

R’000

Not later than 1 year

-

-

2 238

-

2 238

Later than 1 year and not later than 5 years

-

-

4 237

-

4 237

Later than five years

-

-

15 336

-

15 336

Total operating lease revenue receivable

-

-

21 811

-

21 811

The Department has lease agreements with various stakeholders for both commercial and residential stated owned properties. The escalation rate varies per property type as per the lease agreement.

221

DEPARTMENT OF INFRASTRUCTURE DEVELOPMENT