Middlesex University


Financial Statements 2016/17


24. Capital and other commitments


Consolidated £000


Provision has not been made for the following


capital commitments at 31 July 2017: Commitments contracted for at 31 July


Authorised by the board but not contracted for at 31 July 1,942


11,296 13,238


25. Contingent liabilities


There were no potential liabilities dependent on the outcome of an uncertain future event which would require disclosure or adjustment to the financial statements for the year ended 31 July 2017.


26. Lease obligations At 31 July the group was committed to making the following minimum lease rental payments in respect of operating leases.


Total rentals payable under operating leases: Restated 31 July 2017


Land and Buildings £000


Future minimum lease payments due: Not later than 1 year


Later than 1 year and not later than 5 years Later than 5 years


Total lease payments due


Equipment £000


Total £000


31 July 2016


Total £000


1,942


11,296 13,238


1,837


14,761 16,598


1,837


14,761 16,598


31 July 2017


University £000


Consolidated £000


31 July 2016


University £000


2,020 4,156 3,109


9,285


41 12 -


53


2,061 4,168 3,109


9,338


2,462 6,514 6,636


15,612


Commitments in respect of land and building lease rentals have been restated for the year ended 31 July 2016 to reflect the minimum lease payments due under the lease agreement terms.


27. Events after the reporting period


There have been no material events after the reporting date which would require disclosure or adjustment to the financial statements for the year ended 31 July 2017.


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