Skip to main content

Statement of Commitments as at 30 June 2008

Statement of Commitments as at 30 June 2008

The Ministry has non-cancellable leases on its office premises in Wellington. The Ministry occupies Level Five (1,223.3sqm), part of Level One (424sqm) and part of the Ground Floor (158sqm) in Radio New Zealand (RNZ) House. The Ministry has separate lease contracts for Level Five and Level One through to 31 March 2012. A lease contract is currently under negotiation for the Ground Floor. A contract for the lease of basement space for storage purposes runs through until 30 June 2009. The accommodation lease for Level Five includes two car parks. The amounts disclosed below as future commitments are based on the current rental rates.

 

 

2007/08

 

2006/07

 

 

 

Actual

 

Actual

 

Non-cancellable accommodation leases:

 

$(000)

 

$(000)

 

Less than one year

 

457

 

457

 

One to two years

 

457

 

457

 

Two to five years

 

800

 

1,258

 

More than five years

 

-

 

-

 

Total non-cancellable operating lease commitments

 

1,714

 

2,172

 

The total cost incurred in rental and leasing costs in 2007/08 is $476,000. This figure includes the cost of renting four additional car parks under cancellable operating lease agreements. The space allocation per person on Ministry office space at balance date is approximately 18 square metres.

The Ministry does not have any non-departmental commitments as at 30 June 2008 (2007: Nil).

This statement is to be read in conjunction with the accompanying Statement of Accounting Policies and Notes to the Financial Statements.

Statement of Contingent Liabilities and Contingent Assets as at 30 June 2008

Quantifiable contingent liabilities and assets are as follows:

 

 

2007/08

 

2006/07

 

 

 

Actual

 

Actual

 

 

 

$(000)

 

$(000)

 

Departmental

 

-

 

-

 

Non-Departmental

 

-

 

-

 


Updated on 23rd July 2015