geoff hawkings - Waiariki Institute of Technology

Statement of Commitments
As at 31 December 2006
Details of the commitments under these contracts are as follows:
contracts
50 54 2006 ANNUAL REPORT
2006 2005
$000s $000s
Not later than one year 260 472
Later than one year and not later than two years 138 220
Later than two years and not later than five years 195 157
TOTAL COMMITMENTS 593 849
Statement of Contingent Liabilities
As at 31 December 2006
The Institute is defending one personal grievance claim brought by a former employee. The
proceedings are covered by litigation insurance and the only cost that could be incurred by Waiariki
Institute of Technology is a maximum of $10,000 per proceeding, representing the excess under this
policy.
Statement of Contingent Liabilities
As at 31 December 2005
The Institute is defending one personal grievance claim brought by a former employee. The
proceedings are covered by litigation insurance and the only cost that could be incurred by Waiariki
Institute of Technology is a maximum of $10,000 per proceeding, representing the excess under this
policy.
The accompanying accounting policies and notes from pages 47 to 62 form an integral part of these financial statements.