STATEMENT OF COMMITMENTS
AS AT 30 JUNE
The Ministry operates from premises that are leased on short and long-term bases. The annual lease payments are subject to periodic review. The amounts disclosed below as future commitments are based on current agreements and rental rates.
There are also fisheries and biodiversity research projects and registry services contracts that have been entered into in 2004/05 for which the service will be performed after 30 June 2005.
Statement of commitments as at 30 June.
2004
Actual |
|
2005
Actual |
$000 |
|
$000 |
|
|
Operating commitments |
|
18353 |
- Less than one year |
14915 |
7570 |
- One to two years |
7999 |
3401 |
- Two to five years |
12200 |
1605 |
- More than five years |
1185 |
|
30929 |
Total operating commitments |
36299 |
|
0 |
Capital commitments |
0 |
|
30929 |
Total commitments |
36299 |
|
These financial statements should be read in conjunction with the statement of accounting policies and the notes to the financial statements.