McConnell Dowell 76 All figures are in A$000's 2022 2021 2022 2021 Lease commitments Minimum Payments Minimum Payments Present Value of Payments Present Value of Payments The future minimum lease payments under leases are as follows: - less than one year 120 114 115 107 - more than one year but less than five years 120 228 115 214 Total minimum lease payments 240 342 230 321 Less amounts representing finance charges (35) (50) (34) (47) Present value of minimum lease payments 205 292 196 274 Lease liabilites Maturity analysis - contractual undiscounted cash flows - less than one year 7,732 10,024 - more than one year but less than five years 11,313 12,250 - more than five years 1,914 3,349 Total undiscounted lease liabilities 20,959 25,623 Less: future finance charges (2,457) (3,190) Present value of minimum lease payments 18,502 22,433 Current 6,853 8,852 Non-current 11,648 13,581 As at 30 June 2022, the Group had commitments of $6.2 million (2021: $4.0 million) in respect of capital equipment which will be financed from existing cash or borrowing facilities. Notes to the annual financial statements (continued) for the year ended 30 June 2022 Consolidated 18. Lease Liabilities
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