Financial statements of JSW S.A. 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 statement of financial position include:

  31 Dec 2012 31 Dec 2011
Contractual liabilities incurred to purchase property, plant and equipment 659.7 513.8
Others 62.4 1.6
Total 722.1 515.4

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Operating lease liabilities – Company as lessee (user)

The Company 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 84.2 million (PLN 78.7 million as at 31 December 2011).

The total amounts of future minimum leasing fees under an irrevocable operating lease are:

  31 Dec 2012 31 Dec 2011
Up to 1 year 7 6.6

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