Page 81 - OneVue Annual Report 2015

Notes to the financial statements

Note 27. Contingent assets

OneVue has no contingent assets as at 30 June 2015 (2014: $Nil).

Note 28. Contingent liabilities

OneVue has contingent liabilities in relation to guarantees given by related entities for rental bonds:

Guarantees for rental bonds Consolidated 2014
2015 $'000
$'000
310 126

Note 29. Litigation

OneVue Holdings Limited has been involved from time to time in various claims and lawsuits incidental to the
ordinary course of business. Based on legal advice obtained, other than the amounts already provided for in the
accounts, the Directors do not expect any material liabilities to eventuate.

Note 30. Commitments

Operating lease commitments comprise the Sydney, Melbourne and Brisbane office non-cancellable operating
leases, expiring within 5 years with an option to extend. The leases have various escalation clauses. On renewal, the
terms of the leases are renegotiated.

Lease commitments - operating Consolidated 2014
Committed at the reporting date but not recognised as 2015 $'000
liabilities, payable: $'000
Within one year 1,115
One to five years 935 2,407
More than five years 1,784
-
- 3,522
2,719

Note 31. Related party transactions

Parent entity
OneVue Holdings Limited is the parent entity.

Subsidiaries
Interests in subsidiaries are set out in note 34.

Associates
Interests in associates are set out in note 35.

Key management personnel
Disclosures relating to key management personnel are set out in note 25 and the remuneration report in the Directors' report.

Transactions with related parties
There were no material transactions with related parties except for the guarantees disclosed below.

Loans to/from related parties
There were no loans to or from related parties at the current and previous reporting date.

ONEVUE ANNUAL REPORT - 81