SAAS Annual Report and Accounts 2013-2014 - page 46

014
10 Commitments under leases
Total future minimum lease payments under operating leases are given below:
2013-14
£000
2012-13
£000
Building lease expiring within:
One year
438
438
Two to five years
47
485
Over five years
-
-
Total
485
923
This operating lease is a non-cancellable lease and refers to the premises occupied by SAAS at Gyleview
House. A short-term lease extension has been agreed with the landlord and the lease will now end in May
2015. SAAS has no finance leases. Not included in the above is the cost of around £15,000 per year
payable to the Scottish Government under a Memorandum of Temporary Occupation (MOTO) for the
temporary occupation of additional premises at Saughton House, Edinburgh.
11 Contingent liabilities
There were no contingent liabilities at 31 March 2014 that require to be disclosed under IAS37.
12 Financial instruments
SAAS is exposed to minimal amounts of financial risk, largely because of the non-trading nature of its
activities and the way Government is financed.
Financial liabilities –
trade payables
2013-14
£000
2012-13
£000
Fair value through OCS
-
-
Loans & payables
277
230
Total
277
230
13 Capital commitments
There were no capital commitments at 31 March 2014 or 31 March 2013.
14 Post statement of financial position events
There were no material post statement of financial position events that require to be adjusted in the
accounts or to be disclosed.
15 Financial losses
No financial losses were incurred during financial year 2013-14 or in 2012-13.
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