St Barbara Mines Limited Annual Report 2004 Notes to the Financial Statements  for the year ended 30 June 2004 Consolidated Company 30 June 2004 $’000 30 June 2003 $’000 30 June 2004 $’000 30 June 2003 $’000 26. COMMITMENTS FOR  EXPENDITURE (a) Exploration In order to maintain rights of tenure to mining  tenements, the consolidated entity is required  to outlay in 2003/04 for tenement rentals and  minimum exploration expenditure requirements  of the Western Australian Department of Minerals  and Energy. This commitment in 2004/05 will  continue for future years with the amount  dependent upon tenement holdings 2,669 9,361 1,762 8,114 (b) Hire  Purchase  Commitments Analysis of hire purchase commitments: - Payable not later than one year (refer Note 16) 188 1,133 188 1,133 - Payable later than one year, not later than  fi  ve years (refer Note 16) 75 1,528 75 1,528 263 2,661 263 2,661 These commitments relate to plant and equipment  and are based on the cost of the vehicles and are  payable over a period of up to 48 months. (c) Finance Lease Commitments Analysis of fi  nance lease commitments: Payable not later than one year - 1,368 - 1,368 Payable later than one year, not later than  fi  ve years - 855 - 855 Deduct future charges on  fi  nance leases - (205) - (205) Provide for as a liability  - 2,018 - 2,018 Representing lease liabilities: Current (refer Note 16) - 2,018 - 2,018 Analysis of Non-Cancellable Operating Lease  Commitments 371 371 Payable not later than one year 239 - 239 - Payable later than one year, not later than two years 147 - 147 - Payable later than two years, not later than  fi  ve years - - 386 371 386 371 The non-cancellable operating lease commitments  are the net rental payments associated with rental  properties