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Whitehaven Coal Limited : Annual Report 2013
155 Whitehaven Coal Limited Annual Report 2013 Notes to the Financial Statements 30 June 2013 27. OPERATING LEASES Consolidated entity as lessee The consolidated entity leases mining equipment, o ce equipment and o ce space under operating leases. The leases typically run for one to ve years with an option to renew on the mining equipment and o ce space. None of the leases include contingent rentals. Future minimum rentals payable under non-cancellable operating leases as at 30 June 2013 are as follows: Consolidated In thousands of AUD 2013 2012 Less than one year 5,290 5,541 Between one and ve years 1,442 3,285 More than ve years -- 79 6,732 8,905 Leases as lessor The consolidated entity leases out land it will use for future mining operations under operating leases. At 30 June 2013 $55,849,000 (2012: $53,060,000) of land was leased under these operating leases. 28. CAPITAL EXPENDITURE COMMITMENTS Consolidated In thousands of AUD 2013 2012 Plant and equipment and intangibles Contracted but not provided for and payable: Within one year 76,559 33,541 One year or later and no later than ve years 84,862 178,395 161,421 211,936
Annual Report 2012