FINANCIAL STATEMENTS 80 Notes to the annual financial statements (continued) for the year ended 30 June 2021 18. Commitments All figures are in A$000's 2021 2020 2021 2020 Finance lease commitments Minimum Payments Minimum Payments Present Value of Payments Present Value of Payments The future minimum lease payments under finance leases are as follows: - less than one year 114 121 107 114 - more than one year but less than five years 228 361 214 341 Total minimum lease payments 342 482 321 455 Less amounts representing finance charges (50) (70) (47) (66) Present value of minimum lease payments 292 412 274 389 Lease liabilites Maturity analysis - contractual undiscounted cash flows - less than one year 10,024 9,713 - more than one year but less than five years 12,250 15,808 - more than five years 3,349 4,731 Total undiscounted lease liabilities 25,623 30,252 Less: future finance charges (3,190) (4,197) Present value of minimum lease payments 22,433 26,055 Current 8,852 8,300 Non-current 13,581 17,755 As at 30 June 2021, the Group had commitments of $4.0 million (2020: $4.4 million) in respect of capital equipment which will be financed from existing cash or borrowing facilities. Consolidated
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