Page 59 - RCPA

Notes to the Financial Statements
15.
Capital and Lease Commitments
(a) Finance Lease Commitments Payable:
- Not later than one year
- Later than one year but not later than five years Minimum lease payments
Less future finance charges
Total lease liability
2018 2017 $$
18,712 18,712 21,380 38,982 40,092 57,694
- - 40,092 57,694
THE ROYAL COLLEGE OF PATHOLOGISTS OF AUSTRALASIA
ABN 52 000 173 231
NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 JUNE 2018
The finance lease on office plant and equipment, which commenced in September 2015, is a 5-year lease. The lease payments are paid monthly in advance. The security for this lease is the asset being leased under this arrangement.
(b) Operating Lease Commitments Payable:
The College has operating lease commitments payable as at 30 June 2018 of $6,760 (2017: $6,760).
- No later than one year
- Later than two years but no later than five years
6,760 6,760 - -
6,760 6,760 The College has no commitments for capital expenditure at the date of this report.
Total operating lease commitments
16.
RCPA Foundation for Education and Research
Opening balance
Donations received Investment income Dividends received Grants awarded Expenses
Total income for the year Closing balance
Represented by; Cash at bank Managed investments Total fund
(c) Capital Expenditure
1,497,254
331,641 59,672 2,967,107 (99,711) (15,450) 3,243,259
4,740,513
19,776 4,720,737 4,740,513
1,355,199
196,947 47,107 - (90,805) (11,194) 142,055
1,497,254
256,935 1,240,319 1,497,254
19
57
ANNUAL REPORT • 2017 - 2018