Statement of commitments

Annual report 2018/19.

as at 30 June 2019

This statement records expenditure to which the Office is contractually committed at 30 June 2019.

Non-cancellable operating lease commitments

The Office may lease property, plant, and equipment in the normal course of its business. The majority of these leases are for premises and photocopiers, which have a non-cancellable leasing period ranging from three to nine years.

The Office's non-cancellable operating leases have varying terms, escalation clauses, and renewal rights. There are no restrictions placed on the Office by any of its leasing arrangements.

The future aggregate minimum lease payments to be paid under non-cancellable operating leases are as follows:

Actual
2018/19
$000
Actual
2017/18
$000
Non-cancellable operating lease commitments
Not later than one year 2,439 2,567
Later than one year and not later than five years 3,991 4,077
Later than five years - 39
Total non-cancellable operating lease commitments 6,430 6,683
Capital commitments
Contractual - -
Total capital commitments - -
Total commitments 6,430 6,683