Annual Report for the year ended 30 June 2009 - Health and ...

NOTES TO THE FINANCIAL STATEMENTS for the year ended 30 June 2009
The Health and Disability Commissioner leases two properties, one in Auckland and one in
Wellington.
A portion of the total non-cancellable operating lease expense relates to the lease of these two
offices. The Auckland lease expires in May 2011 and the Wellington lease expires in April
2015.
16 Contingencies
Contingent liabilities
As at 30 June 2009 there were no contingent liabilities (2008 $nil).
Contingent assets
The Health and Disability Commissioner has no contingent assets (2008 $nil).
17 Related party transactions and key management personnel
Related party transactions
The Health and Disability Commissioner is a wholly owned entity of the Crown. The
government significantly influences the role of the Health and Disability Commissioner
in addition to being its major source of revenue.
The Health and Disability Commissioner enters into transactions with government
departments, state-owned Commissioners and other Crown entities. Those transactions that
occur within a normal supplier or client relationship on terms and conditions no more or less
favourable than those that it is reasonable to expect the Health and Disability Commissioner
would have adopted if dealing with that entity at arm’s length in the same circumstances have
not been disclosed as related party transactions.
Key management personnel compensation
Actual
Actual
2009 2008
$ $
Salaries and other short-term employee benefits 967,000 901,000
Post-employment benefits 14,750 13,560
Other long-term benefits 0 0
Termination benefits 0 0
Total key management personnel compensation 981,750 914,560
Key management personnel include the six Senior Management team members.
42 E.17