Note: This site's content is accessible to all versions of every browser. However, this browser may not support basic Web standards, preventing the display of our site's design details. We support the mission of the Web Standards Project in the campaign encouraging users to upgrade their browsers.
The department leases premises on the third and fifth floors of the Reserve Bank Building, and at 108 The Terrace in Wellington (see note 6).
The annual lease payments are subject to two-yearly and ten-yearly reviews. The amounts disclosed as future commitments are based on the current rental rates. Other operating commitments include contracts for photocopying services and garden maintenance services.
There are no restrictions placed on the department by any of the operating leasing arrangements.
| 30.6.08 | 30.6.09 | |
|---|---|---|
| Actual $000 |
Actual $000 |
|
| Operating commitments | ||
| 577 | Accommodation leases | 637 |
| 101 | Other operating commitments | 106 |
| 678 | Total commitments | 743 |
| Term classification for operating commitments | ||
| 307 | Less than one year | 503 |
| 371 | One to five years | 240 |
| 678 | Total commitments | 743 |
The accompanying notes form part of these financial statements.