STATEMENT OF UNAPPROPRIATED EXPENDITURE
For the Year Ended 30 June The Ministry has not incurred any unappropriated expenditure during the 2003/04 financial year (2003: Nil).
STATEMENT OF TRUST MONIES
For the Year Ended 30 June
Statement of trust monies for the year ended 30 June.
| | Delclared
Overfishing
Account1
$000 | Forfeit
Property
Account2
$000 | Foreign
Exchange
Account3
$000 | Total
$000 |
|---|
Balance at start of period 2003 | 6,321 | 1,835 | - | 8,156 |
|---|
| Plus: | | | | |
|---|
| – Contribution | 5,918 | 1,783 | 1,584 | 9,285 |
|---|
| – Revenue | 202 | 79 | - | 281 |
|---|
| Less: | | | | |
|---|
| – Distribution | (6,293) | (2,949) | - | (9,242) |
|---|
| – Provision for refund to the Crown | (3,795) | - | - | (3,795) |
|---|
| – Expenses | - | (26) | - | (26) |
|---|
| Balance at end of period 2004 | 2,353 | 722 | 1,584 | 4,659 |
|---|
(1) Funds held in relation to the deemed value of fish taken in excess of quota under the quota management system.
(2) Proceeds received from the sale of forfeited property which is disposed of in accordance with Ministerial/Court direction.
(3) Foreign currency monies received and held in trust until the completion of legal proceedings (at 30 June held US 1,000,000).
These financial statements should be read in conjunction with the statement of accounting policies and the notes to the financial statements.