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Annual Report for the Year Ended 30 June 2011

Statement of Departmental Commitments as at 30 June 2011

The Statement of Departmental Commitments shows the future contractual obligations (exclusive of GST) of Te Puni Kōkiri that will become liabilities if and when the terms and conditions of existing contracts are met.

Operating leases include lease payments for premises and motor vehicles.

Te Puni Kōkiri has long-term leases on its premises in New Zealand. The annual lease payments are subject to regular reviews, ranging from one year to four years. The amounts disclosed below as future commitments are based on the current rental rates.

30-Jun-10 Actual $000		30-Jun-11 Actual $000
	Accommodation lease commitments
1,266	Less than one year	3,072
487	One to two years	2,819
439	Two to five years	7,334
24	More than five years	678
2,216	Total accommodation lease commitments	13,903
	Other operating commitments
311	Less than one year
204	One to two years
-	Two to five years
-	More than five years
515	Total other operating commitments	190
2,731	Total commitments	14,093

^{The accompanying notes form part of these financial statements}