Schedule of Non-Departmental Commitments
As At 30 June 2006
The Schedule of Commitments summarises commitments the Ministry administers on behalf of the Crown.
| Actual June 2005 $(000) |
Actual June 2006 $(000) |
|
|---|---|---|
| Operating commitments | ||
| 1,152,997 | Crown lease forests | 956,155 |
| 15,306 | East Coast afforestation grants | 11,623 |
| 13,388 | Sustainable Farming Fund grants | 9,192 |
| 1,181,691 | Total non-departmental commitments | 976,970 |
| Term classification of commitments | ||
| 62,065 | Not later than one year | 64,466 |
| 64,480 | Later than one year and not later than two years | 67,734 |
| 193,742 | Later than two years and not later than five years | 179,660 |
| 861,404 | Later than five years | 665,110 |
| 1,181,691 | Total non-departmental commitments | 976,970 |
The Crown lease forest commitment relates to forests established on
leased Māori land (see note 1).
The lease agreements commit the Crown to this expenditure over the
remaining terms of the leases.
The accompanying accounting policies and notes form part of these
financial statements.
For a full understanding of the Crown's financial position and results
for the period, reference should be made to the Consolidated Crown
Financial Statements for the year ended 30 June 2006.
Contact for Enquiries
Strategy and Performance Group
Ministry of Agriculture and Forestry
Pastoral House
25 The Terrace
PO Box 2526, Wellington
Tel: +64 4 894 0100
Fax: +64 4 894 0738
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