76 All figures are in A$000's 2023 2022 2023 2022 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 104 120 100 115 - more than one year but less than five years 24 120 22 115 Total minimum lease payments 128 240 122 230 Less amounts representing finance charges (18) (35) (17) (34) Present value of minimum lease payments 110 292 105 196 Lease liabilites Maturity analysis - contractual undiscounted cash flows - less than one year 13,573 7,732 - more than one year but less than five years 18,759 11,313 - more than five years 1,974 1,914 Total undiscounted lease liabilities 34,306 20,959 Less: future finance charges (3,663) (2,457) Present value of minimum lease payments 30,643 18,502 Current 11,897 6,853 Non-current 18,746 11,648 As at 30 June 2023, the Group had commitments of $2.7 million (2022: $6.2 million) in respect of capital equipment which will be financed from existing cash or borrowing facilities. Consolidated 18. Lease Liabilities Notes to the annual financial statements (continued) for the year ended 30 June 2023
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