REPORT ON VOTE FISHERIES NON-DEPARTMENTAL FUNDS MANAGED BY THE MINISTRY OF FISHERIES

These public funds include revenues received from the commercial fishing industry through cost recovery levies which recover the costs of fisheries-related conservation services and fisheries services:

• provided to manage the harvesting or farming of fisheries resources; or
• provided to avoid, remedy, or mitigate a risk to, or an adverse effect on, the aquatic environment or the biological diversity of the aquatic environment.

The cost of fisheries services provided by the Ministry of Fisheries during the period 1 July 2003 to 30 June 2004 is being recovered from the commercial fishing sector over the period 1 April 2004 to 30 September 2004.

The cost of fisheries services provided by the Ministry of Fisheries is accounted for through the departmental financial statements included earlier in this report. Expenditure on conservation services is reported separately by the Department of Conservation.

STATEMENT OF NON-DEPARTMENTAL ACCOUNTING POLICIES

Measurement Base

Measurement and recognition rules applied in the preparation of these non-departmental financial schedules are consistent with generally accepted accounting practice and Crown accounting policies.

The Ministry’s non-departmental revenue, expenditure, assets and liabilities are consolidated into the Crown Financial Statements. For a full understanding of the Government’s consolidated financial position, and the results of its operations for the period, reference should be made to the consolidated audited financial statements of the Government for the year ended 30 June 2004.

SCHEDULE OF REVENUE AND EXPENDITURE

SCHEDULE OF ASSETS AND LIABILITIES