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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 2005/2006 for which the service will be performed after 30 June 2006.

2005
Actual
$000
 
2006
Actual
$000
  Operating commitments  
14,915
- Less than one year
20,239
7,999
- One to two years
9,259
12,200
- Two to five years
12,677
1,185
- More than five years
7,932
36,299
Total operating commitments
50,107
0
Capital commitments
0
36,299
Total commitments
50,107
Updated : 16 November 2007