KU Financial Report
Notes to the Financial Statements
Continued...
17. Leases
Operating Leases
Leasing arrangements
Operating leases relate to centre facilities. The company does not have an option to purchase the leased assets at
the expiry of the lease period.
Non-cancellable operating lease payments
2008 2007
$ $
Not longer than 1 year 505,796 563,345
Longer than 1 year and not longer than 5 years 872,271 652,770
15 258,744
1,378,082 1,474,859
Longer than 5 years
18. Economic Dependency
As disclosed at note 4 a significant source of revenue is government funding. This funding predominately supports
programs for early childhood education and care.
19. Segment Information
The company operated in one business segment, being the provision of early childhood education and care services
and in one geographical location being Australia.
20. Related Party Disclosures
There were no related party transactions.
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KU Children’s Services