6 DEPRECIATION EXPENSE

Depreciation expense.
2003 Actual $000		2004 Actual $000	2004 Main Estimates $000	2004 Supp Estimates $000
29	Buildings	47	20	50
206	Leasehold improvements	348	180	300
1,697	Plant and equipment	1,433	2,182	1,944
133	Vessels	111	136	120
368	Motor vehicles	411	286	390
2,433	Total depreciation expense		2,804	2,804

7 CAPITAL CHARGE

The Ministry paid a capital charge to the Crown on its net taxpayers’ funds as at 30 June and 31 December.

The capital charge rate for the year ended 30 June 2004 was 8.5% (2003: 8.5%).

Taxpayers' funds.
2003 Actual $000		2004 Actual $000	2004 Main Estimates $000	2004 Supp Estimates $000
	Taxpayers’ funds comprises two components:
	a) General funds
7,198	General funds at start of period	7,466	7,466	7,466
2,270	Net surplus	2,759	-	-
268	Capital contribution	100	100	100
(2,270)	Provision for repayment of surplus to the Crown	(2,759)	-	-
-	Transfer from revaluation reserve	-	-	(1)
7,466	General funds at end of period	7,566	7,566	7,565

b) Revaluation reserves

Debtors and receivables.
2003 Actual $000		2004 Actual $000
512	Debtors	436
	Less:
(107)	Provision for doubtful debts	(93)
405	Net debtors	343
143	Receivables	487
17,085	Debtor: Crown funding	13,932
17,633	Total debtors and receivables	14,762

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Updated : 16 November 2007