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Future minimum rentals payable under non-cancellable operating leases as at 30 June are as follows: 

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(i) 

(d) Finance lease and hire purchase commitments 

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: 

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The weighted average interest rate impact in the leases for the Company is 14.23% (2010: 9.70%). 

