122 122 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 2016–17 FINANCIAL PERFORMANCE NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS 2017 2016 $’000 $’000 Note 4: Financial assets Note 4A: Trade and other receivables Goods and services 3,888 2,942 GST receivable from the Australian Taxation Office 2,159 1,675 Interest 301 407 Total trade and other receivables (gross) 6,348 5,024 Less impairment allowance: Goods and services (50) (35) Total trade and other receivables (net) 6,298 4,989 Reconciliation of the impairment allowance account: Opening balance (35) (106) Amounts written-off 56 31 Amounts recovered and reversed (19) 59 Decrease in impairments recognised in net surplus (52) (19) Closing balance (50) (35) Operating lease commitments receivable 2017 2016 $’000 $’000 Commitments for minimum lease payments in relation to non-cancellable operating leases are payable as follows: One year or less 616 171 From one to five years 2,300 - Over five years 1,125 - Total operating lease commitments receivable 4,041 171 AUSTRALIAN SPORTS COMMISSION For the year ended 30 June 2017 The Commission in its capacity as lessor has rental agreements with National Sports Organisations to access specified facilities and services at various ASC locations. The Commission also leases the Canberra Stadium and associated parking facilities to the ACT Government. The leases to the national sporting organisations are not subject to annual increases. The lease payments for the Canberra Stadium are subject to annual increases in accordance with upward movements in the Consumer Price Index.