Schedule of Commitments
as at 30 June 2010
This schedule sets out the level of commitment made against out-year appropriations and funding baselines for non-departmental expenditure. The Department, on behalf of the Crown, has entered into non-cancellable contracts in relation to New Zealand House in London.
| 2009 $000 |
2010 $000 |
|
|---|---|---|
Operating Commitments |
||
| By type: | ||
| 1,581 | Non-cancellable property lease | 1,314 |
| 306 | Other non-cancellable operating commitments | 130 |
| 1,887 | 1,444 | |
| By term: | ||
| 194 | Less than one year | 165 |
| 194 | One to two years | 35 |
| 122 | Two to five years | 104 |
| 1,377 | More than five years | 1,140 |
| 1,887 | Total Commitments | 1,444 |
The Statement of Accounting Policies is an integral part of these supplementary financial schedules.
For a full understanding of the Crown's financial position and the result of its operations for the year, refer to the consolidated Financial Statements of the Government for the year ended 30 June 2010.
