ADAVB 2018/2019 Annual Report

A D A V B A N N U A L R E P O R T 2 0 1 8 / 1 9 | 4 5 NOTE 14: RESERVES (a) Fair value reserve of Financial assets through OCI Fair value reserve of Financial assets through OCI comprises gains and losses relating to equity securities. (b) Available for sale Financial Assets Reserve (prior year) Available for sale Financial assets reserve comprises gains or losses relating to other types of financial assets. NOTE 15: LEASING COMMITMENTS (a) Operating lease commitments Non-cancellable operating leases contracted for but not capitalised in the financial statements: Payable - not later than one year - later than one year but not later than five years 8,474 21,475 - 8,474 8,474 29,949 Non-cancellable operating leases relate to office equipment with lease terms less than 1 year. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2019