Future minimum rentals payable under non-cancellable operating leases as at 30 June are as follows: The Company has finance leases and hire purchase contracts for various items of plant and machinery. The leases do have terms  of renewal but no escalation clauses. Renewals are at the option of the specific entity that holds the lease. The finance and hire  purchase contracts have an average term of 36 months with the right to purchase the asset at the completion of the lease term for  a pre-agreed amount.  Future minimum lease payments under finance leases and hire purchase contracts together with the present value of the  minimum lease payments are as follows: (i) The weighted average interest rate impact in the leases for the Company is 14.23% (2010: 9.70%). 104  NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2011  2011  Minimum lease  payments Present value  of lease  payments Within one year 980,276  941,788  After one year but not more than five years 235,665  217,041  Total minimum lease payments  1,215,941  1,158,829  Less amounts representing finance charges (57,112) - Present value of minimum lease payments 1,158,829  1,158,829   2010  Minimum lease  payments Present value  of lease  payments Within one year 2,428,534  2,153,380  After one year but not more than five years 697, 478 681,339  Total minimum lease payments  3,126,012  2,834,719  Less amounts representing finance charges (291,293) - Present value of minimum lease payments 2,834,719  2,834,719  2011 2010 Included in the financial statements as: Current interest-bearing loans and borrowings (note 25) 941,788  2,153,380  Non-current interest-bearing loans and borrowings (note 28) 217,041  681,339  Total included in interest-bearing loans and borrowings  1,158,829  2,834,719  (d) Finance lease and hire purchase commitments 2011 2010 Property leases as lessor: - Within one year - 57,943  - After one year but not more than five years - - - After more than five years - - - 57,943 