Statement of commitments

as at 30 June 2015

Annual Report 2014/15.

This statement records expenditure to which the Office is contractually committed at 30 June 2015.

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.

The future aggregate minimum lease payments to be paid under non-cancellable operating leases are as follows:

Not later than one year 2,466 2,458
Later than one year and not later than five years 8,690 8,994
Later than five years 1,487 3,242
Total non-cancellable operating lease commitments 12,643 14,694

The accompanying notes form part of these financial statements.