Consolidated financial statement of JSW S.A. Capital Group for 2012
23. Future contractual liabilities and operating lease liabilities
Future contractual liabilities
Future contractual liabilities incurred on the dates ending the reporting periods which are not included in the consolidated statement of financial position include:
31 Dec 2012
31 Dec 2011
Contractual liabilities incurred to purchase property, plant and equipment
Operating lease liabilities – Group as lessee (user)
The Group uses property, plant and equipment, including among others: longwall shearers, heading machines, mining machines, under operating leasing agreements (lease, hire). The lease periods are 1 to 5 years, with a termination period of 1 month.
As at 31 December 2012, the cost of leasing fees under operating leases (lease or hire agreements) is PLN 84.6 million (PLN 80.9 million as at 31 December 2011).
The total amounts of future minimum leasing fees under an irrevocable operating lease are:
download table