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Full paper text [PDF 3515k] - New Zealand Parliament

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16. Commitments and operating leases<br />

Advocacy Service contracts<br />

The maximum commitment for the 12 months from 1 July 2012 is $3,595,998<br />

(2011: $3,539,998).<br />

Operating leases as lessee<br />

The future aggregate minimum lease payments to be paid under non-cancellable operating<br />

leases are as follows:<br />

17. Contingencies<br />

Actual Actual<br />

2012 2011<br />

$ $<br />

Not later than one year 365,628 389,659<br />

Later than one year and not later than fi ve years 1,091,432 1,272,363<br />

Later than fi ve years 0 223,280<br />

Total non-cancellable operating leases 1,457,060 1,885,302<br />

The Health and Disability Commissioner leases two properties, one in Auckland and one<br />

in Wellington.<br />

A portion of the total non-cancellable operating lease expense relates to the lease of these<br />

two offi ces. The Auckland offi ce lease has been renewed with a new lease expiry date in<br />

June 2017 and the Wellington lease expires in April 2015.<br />

Contingent liabilities<br />

As at 30 June 2012 there were no contingent liabilities (2011 $Nil).<br />

Contingent assets<br />

The Health and Disability Commissioner has no contingent assets (2011 $Nil).<br />

HDC ANNUAL REPORT 2012<br />

63

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