2006-2007 : Page 55
5 auckland war memorial museum 2006 |2007 NOTES TO ThE fiNaNCial STaTEmENTS fOr ThE yEar ENdiNg 30 JuNE 2007 (continued) . lOAn loan from Auckland city to fund carpark, repayable in 5 years, ,000 interest fixed at .%, payable annually. . cOmmItments UnDeR nOn-cAncellABle leAses less than year 0 0 Between and years Between and 5 years 80 80 0. cAPItAl cOmmItments grand Atrium project ,5 equipment , ,0 , , . cOntIngent lIABIlItIes the museum has a contingent liability in respect of the Accident compensation commission's (Acc) residual claims levy. the levy will be payable annually from may for up to 5 years. the museum's future liability is a function of Acc's unfunded liability for past claims and future payments to employees by the museum. At 0 June 00 there were no other contingent liabilities (00 nil).