The American Club 2017/2018 Annual Report

THE AMERICAN CLUB

NOTES TO FINANCIAL STATEMENTS 30 June 2018

19. COMMITMENTS

(a) Future capital expenditure

2018

2017

$

$

Amounts approved and not contracted for Amounts approved and contracted for

3,816,450

2,084,923

183,550 3,100

(b) Operating lease commitments - the Club as lessor

2018

2017

$

$

Rental income included in the Club’s profit or loss

19,083 140,487

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

2018

2017

$

$

Within one year*

-

10,592

*Lease agreements for the community offices were not renewed when they expired on 31 July 2017.

61 2017/18 ANNUAL REPORT