Statement of commitments

as at 30 June 2012

Annual Report 2011/12

This statement records expenditure to which the Office is contractually committed at 30 June 2012.

Non-cancellable operating lease commitments

The Office leases property, plant, and equipment in the normal course of its business. The majority of these leases are for premises, which have a non-cancellable leasing period ranging from three to nine years.

The Office's non-cancellable operating leases have varying terms, escalation clauses, and renewal rights. There are no restrictions placed on the Office by any of its leasing arrangements.

Capital commitments

Capital commitments are the aggregate amount of capital expenditure contracted or authorised for the acquisition of property, plant, and equipment that have not been paid for or not recognised as a liability as balance date.

Non-cancellable operating lease commitments
1,662 Not later than one year 1,785
1,081 Later than one year and not later than five years 7,180
0 Later than five years 6,614
2,743 Total non-cancellable operating lease commitments 15,579
Capital commitments
0 Contractual 2,165
0 Authorised but not yet contracted 642
0 Total capital commitments 2,807
2,743 Total commitments 18,386

The accompanying notes form part of these financial statements.

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