Statement of commitments

as at 30 June 2013

Annual Report 2012/13

This statement records expenditure to which the Office is contractually committed at 30 June 2013.

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 at balance date.

$000 $000
Non-cancellable operating lease commitments
1,785 Not later than one year 2,485
7,180 Later than one year and not later than five years 9,111
6,614 Later than five years 6,756
15,579 Total non-cancellable operating lease commitments 18,352
Capital commitments
2,165 Contractual -
2,165 Total capital commitments -
17,744 Total commitments 18,352

The accompanying notes form part of these financial statements.