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NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2016
108 Independence Group NL
Notes to the consolidated financial statements
30 June 2016
(continued)
Unrecognised items
This section of the notes provides information about items that are not recognised in the financial statements as they do
not yet satisfy the recognition criteria but could potentially have an impact on the Group's financial position and
performance.
24 Commitments and contingencies
(a) Capital commitments
Significant capital expenditure contracted for at the end of the reporting period but not recognised as liabilities is as
follows:
2016
$'000
2015
$'000
Mine properties in development
163,938
-
163,938
-
(b) Commitments
(i)
Leasing commitments
2016
$'000
2015
$'000
Operating lease commitments
Commitments for minimum lease payments in relation to non-cancellable operating
leases are payable as follows:
Within one year
1,549
1,275
Later than one year but not later than five years
6,458
5,516
Later than five years
-
1,242
Total minimum lease payments
8,007
8,033
2016
$'000
2015
$'000
Finance lease and hire purchase commitments
Future minimum lease payments under lease contracts with the present value of net
minimum lease payments are as follows:
Within one year
-
522
Total minimum lease payments
-
522
Future finance charges
-
(12)
Present value of minimum lease payments
-
510
Current borrowings
-
510
Total included in borrowings
-
510
Independence Group NL
80