Statement of commitments
Annual Report 2010/11.
as at 30 June 2011
This statement records expenditure to which the Office is contractually committed at 30 June 2011.
Non-cancellable operating lease commitments
The Office has long-term operating leases on its premises. The annual property lease payments are subject to regular reviews, ranging from 3-yearly to 6-yearly.
Equipment lease commitments include leases of telephone exchange systems and software contracts. There are no restrictions placed on the Office by any of its leasing arrangements.
| Actual 2010 $000 |
Actual 2011 $000 |
|
|---|---|---|
| Non-cancellable operating lease commitments | ||
| Property lease commitments | ||
| 1,978 | Not later than one year | 1,662 |
| 2,445 | Later than one year and not later than five years | 1,081 |
| 40 | Later than five years | 0 |
| 4,463 | Total property lease commitments | 2,743 |
| Equipment lease commitments | ||
| 283 | Not later than one year | 332 |
| 139 | Later than one year and not later than five years | 21 |
| 0 | Later than five years | 0 |
| 422 | Total equipment lease commitments | 353 |
| 4,885 | Total operating lease commitments | 3,096 |
The accompanying notes form part of these financial statements.
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