Annual Report 2016/17

THE AMERICAN CLUB

NOTES TO FINANCIAL STATEMENTS 30 June 2017

19. COMMITMENTS

(a) Future capital expenditure

2017

2016

$

$

Amounts approved and not contracted for Amounts approved and contracted for

2,084,923

1,776,775

3,100 50,720

(b) Operating lease commitments - the Club as lessor

2017

2016

$

$

Rental income included in the Club’s profit or loss 140,487 279,726

At the end of the reporting period, the Club has contracted with community organisations for the following future minimum lease payments: 2017 2016 $ $

Within one year*

10,592 207,419

*Lease agreements for the community offices will not be renewed when they expire on 31 July 2017.

61 2016/17 ANNUAL REPORT