STATEMENT OF COMMITMENTS
As At 30 June
Statement of commitments as at 30 June.
2003
Actual
$000 | | 2004
Actual
$000 |
|---|
| | Operating commitments | |
|---|
| 13,640 | – Less than one year | 18,353 |
|---|
| 7,713 | – One to two years | 7,570 |
|---|
| 8,535 | – Two to five years | 3,401 |
|---|
| 2,224 | – More than five years | 1,605 |
|---|
| 32,112 | Total operating commitments | 30,929 |
|---|
| - | Capital commitments | - |
|---|
| 32,112 | Total commitments | 30,929 |
|---|
STATEMENT OF CONTINGENT LIABILITIES
As At 30 June This statement discloses situations that exist at 30 June, the ultimate outcome of which is uncertain and will be confirmed only
on the occurrence of one or more future events after 30 June.
Statement of contingent liabilities as at 30 June.
2003
Actual
$000 | | 2004
Actual
$000 |
|---|
| | Department | |
|---|
| 302 | Legal proceedings | 25 |
|---|
| - | Personal grievances | 30 |
|---|
| 302 | Total Department | 55 |
|---|
| | Non-department | |
|---|
| 1,158 | Settlement of proceedings | 2,000 |
|---|
| 1,158 | Total Non-department | 2,000 |
|---|
| 1,460 | Total contingent liabilities | 2,055 |
|---|
Settlement of Proceedings
On 2 December 2003, the Primary Production Committee (PPC) released the report on its Inquiry into the administration and management of the scampi fishery.
One of its recommendations was that six parties identified by the PPC should each receive a minimum ex gratia payment from the Ministry of a Fisheries in recognition of the justified grievance they each had with the previous Ministry of Agriculture and Fisheries.
In June 2004, a negotiated settlement was reached with one of the six parties named in the PPC report. Cabinet approved an appropriation for this negotiated settlement on 26 July 2004.
Negotiations are continuing with the remaining five named parties.
These financial statements should be read in conjunction with the statement of accounting policies and the notes to the financial statements.