Cardno Limited and its Controlled Entities for the year ended 30 June 2010 Notes to the Consolidated Financial Statements  2010  $’000  2009 $’000  26. CAPITAL AND LEASING COMMITMENTS CONTINUED Operating Leases  - Within one year  25,970 20,347 - Later than one year but not later than 5 years  52,032 42,163 - Later than 5 years  28,021 20,683 Commitments not recognised in the financial statements  106,023 83,193 The Group leases office premises under operating leases, with terms varying  from 3 to 10 years. The majority of leases provide for an option of renewal  at the end of the lease term. Premise leases are subject to annual review for  changes in the CPI index and contain restrictions on sub-leasing. The  Group also leases various plant & equipment under terms between 2 and 5  years as well as software licenses with a term of 3 years subject to annual  review based on the number of licences exercised.  27. EMPLOYEE BENEFITS & COMPENSATION COMMITMENT The aggregate employee benefit liability is comprised of:  Accrued wages, salaries and on-costs (included in payables)  15,063 13,693 Provisions (current) (note 18)  15,501 13,206 Provisions (non-current) (note 21)  6,527 5,629 37,091 32,528 Number of employees  Number of full time equivalent employees at 30 June  3,657 3,008 Defined contribution superannuation expense for the year ended 30 June 2010 was  $9,752,309 (2009: $10,295,787)  2010  $’000  2009 $’000  Bank guarantees  7,287 9,891  The Group has bank guarantees with financial institutions. A multiple guarantee facility is available to the Group totalling  $19 million (2009: $19 million). These facilities are secured by an unlimited interlocking guarantee and indemnity.  On 11 August 2010 Cardno completed a $49 million capital rising via a 1:6 fully underwritten renounceable rights issue.  The number of ordinary shares issued under the rights issue was 15,089,139. The capital raised will be used to reduce  debt used for the June 2010 acquisition of ENTRIX and ERI and for working capital.  On 16 August 2010, the Directors of Cardno Limited declared a final dividend of 15.0 cents per share for the 2010  financial year. The fully franked dividend will be paid on 15 October 2010 to shareholders registered on 17 September  2010 and will total $15,839,940. The dividend has not been provided for in the 30 June 2010 financial statements.  As at the date of this report, there is no current litigation or pending or threatened litigation which would not be covered  by professional indemnity insurance or has not already been provided for in the financial statements of the Company, or  which is likely to have a material effect on the financial performance of the consolidated entity.  The consolidated entity had contingent liabilities at 30 June 2010 in respect of: 28. CONTINGENT LIABILITIES  29. SUBSEQUENT EVENTS Page 54 of 80 