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Statement of Commitments

Statement of Commitments
2015
Actual
$000
2016
Actual
$000
  Non-cancellable operating lease commitments  
4,085 Not later than 1 year 3,297
3,869 Later than 1 year and not later than 5 years
7,954 Total non-cancellable operating lease commitments 3,297
  Capital commitments  
  Not later than 1 year 480
- Total capital commitments 480
7,954 Total commitments 3,777

Non-cancellable operating lease commitments

The Treasury has non-cancellable operating 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.

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