Note 13: Provisions

Actual
2011/12
Actual
2012/13
$000   $000
59 Onerous contracts -
150 Lease make good -
209 Total provisions -
Onerous contracts
$000
Lease make good
$000
Total
$000
Balance at 1 July 2011 - - -
Additional provisions made 59 150 209
Amounts used - - -
Balance at 30 June 2012 59 150 209

     
Balance at 1 July 2012 59 150 209
Additional provisions made - - -
Amounts used (59) (138) (197)
Unused amounts reversed - (12) (12)
Balance at 30 June 2013 - - -

Onerous contracts

The provision for onerous contracts arose from a non-cancellable lease where the unavoidable cost of meeting our remaining obligations under the lease contract exceeded the economic benefits to be received from it. The Office vacated its Audit New Zealand Wellington premises at the beginning of May 2013, when the OAG and Audit New Zealand Wellington offices moved into one location. The Audit New Zealand Wellington office lease expired on 30 June 2013.

Lease make good

In respect of one of its leased premises, the Office was required at the expiry of the lease term to make good any alterations or damage to the premises.

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