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Schedule of Commitments

as at 30 June 2014

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.

Operating commitments
By type:
1,091 Non-cancellable property lease 794
471 Other non-cancellable operating commitments 471
1,562 1,265
By term:
149 Less than one year 149
149 One to two years 149
329 Two to five years 94
935 More than five years 873
1,562 Total commitments 1,265

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 2014.

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