Statement of Commitments as at 30 June 2000
The Ministry has long-term leases on its premises in New Zealand. The annual lease payments are subject to three-yearly reviews. The amounts disclosed below as future commitments are based on the current rental rates.
Other operating commitments include non-cancellable contracts for building services and leases for computer equipment, telephone exchange system, and photocopiers.
| | | 2000
Actual | 1999
Actual |
| | | $000 | $000 |
| Operating Commitments | | |
| | Accommodation leases | 34,759 | 35,621 |
| | Other operating commitments | 3,321 | 3,618 |
| | Register of radio frequencies3 | 4,027 | 3,372 |
| Total operating commitments | 42,107 | 42,611 |
| Memorandum Account Balances | 24,892 | 21,618 |
| Total Commitments | 66,999 | 64,229 |
| Term Classification for Operating Commitments | | |
| | Less than one year | 8,841 | 4,299 |
| | From one to two years | 9,004 | 7,966 |
| | From two to five years | 17,541 | 21,427 |
| | Over five years | 6,721 | 8,919 |
| Total Operating Commitments | 42,107 | 42,611 |
This statement is to be read in conjunction with the Statement of Accounting Policies and Notes to the Financial Statements.
The Ministry had no capital commitments as at 30 June 2000 (30 June 1999: nil).
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