Statement of Commitments
as at 30 June 2010
| 2009 Actual $000 |
2010 Actual $000 |
|
|---|---|---|
Capital Commitments |
||
| - | Property, plant and equipment | - |
| Non-cancellable operating lease commitments | ||
| 3,450 | Not later than one year | 3,066 |
| 13,763 | Later than one year and not later than five years | 12,105 |
| 10,434 | Later than five years | 9,079 |
| 27,647 | Total Non-cancellable Operating Lease Commitments | 24,250 |
| Other non-cancellable commitments | ||
| 378 | Not later than one year | 312 |
| 378 | Total Other Non-cancellable Commitments | 312 |
| 28,025 | Total Commitments | 24,562 |
Capital Commitments
There are no capital commitments for this year.
Non-cancellable Operating Lease Commitments
The Treasury has non-cancellable leases on its principal premises at No 1 The Terrace, Wellington until 2017. These operating lease commitments have been recorded at their gross values in the Statement of Commitments.
Other Non-cancellable Commitments
The Treasury has other operating commitments consisting of computer maintenance contracts, building services contracts and contracts for service.
The accompanying accounting policies and notes form part of these financial statements.
