Statement of commitments
Annual Report for the year ended 30 June 2008.
as at 30 June 2008
This statement records expenditure to which the Office is contractually committed at 30 June 2008.
Non-cancellable operating lease commitments
The Office has long-term operating leases on its premises. The annual property lease payments are subject to regular reviews, ranging from 3-yearly to 9-yearly.
Equipment lease commitments include leases of telephone exchange systems, facsimile machines, and photocopiers. There are no restrictions placed on the Office by any of its leasing arrangements.
| Actual 2007 $000 |
Actual 2008 $000 |
|
|---|---|---|
| Non-cancellable operating lease commitments | ||
| Property lease commitments | ||
| 1,835 | Not later than one year | 1,882 |
| 3,444 | Later than one year and not later than five years | 1,770 |
| 316 | Later than five years | 201 |
| 5,595 | Total property lease commitments | 3,853 |
| Equipment lease commitments | ||
| 234 | Not later than one year | 33 |
| 52 | Later than one year and not later than five years | 19 |
| - | Later than five years | - |
| 286 | Total equipment lease commitments | 52 |
| 5,881 | Total operating lease commitments | 3,905 |
The accompanying notes form part of these financial statements.
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