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NOTES TO THE NON-DEPARTMENTAL SCHEDULES
FOR THE YEAR ENDED 30 JUNE
cost recovery levies | other revenue | major budget variations | operating expenditure | cash and bank balances | accounts receivable | prepayments | intangible assets | accounts payable | over and under recovered costs
| 1) COST RECOVERY LEVIES |
|
2004
Actual |
|
2005
Actual |
2005
Main
Estimates |
2005
Supplementary
Estimates |
$000 |
|
$000 |
$000 |
$000 |
|
21,867 |
Cost recovery levies - Fisheries services |
29,907 |
30,703 |
26,742 |
2,060 |
Cost recovery levies - Conservation services |
2,110 |
1,053 |
1,514 |
125 |
Cost recovery levies - Crown-owned quota |
10 |
169 |
356 |
|
24,052 |
Total cost recovery levies |
32,027 |
31,925 |
28,612 |
| The cost of fisheries services, recovered from the fishing industry by way of levies, increased significantly in the 2004/05 financial year.
This increase was attributable, in the main, to an increase in fisheries research costs. back to top>>
| 2) OTHER REVENUE |
|
2004
Actual |
|
2005
Actual |
2005
Main
Estimates |
2005
Supplementary
Estimates |
$000 |
|
$000 |
$000 |
$000 |
|
76 |
Profit on sale of quota/ACE |
2,307 |
0 |
9 |
1,058 |
Forfeitures and redemptions |
388 |
500 |
300 |
332 |
Infringement notices |
243 |
388 |
388 |
1,284 |
Interest |
219 |
0 |
180 |
931 |
Other |
172 |
0 |
60 |
|
3,681 |
Total other revenue |
3,329 |
888 |
937 |
| back to top>>
| 3) MAJOR BUDGET VARIATIONS |
| The variations from the initial 2004/05 Budget Night (Main) Estimates to Supplementary Estimates were due to:
| a) Revenue |
|
| |
$000 |
|
| An increase in deemed value revenue to be paid by quota holders who have overfished based on current activity |
3,500 |
| A reduction in cost recovery levies arising primarily from lower fisheries research costs |
(3,313) |
| Lower revenue from forfeitures and redemptions |
(200) |
Other income |
249 |
|
| Total |
236 |
|
| b) Non-departmental expenditure |
|
| |
$000 |
|
| Compensation payable for reductions in quota |
1,704 |
| Quota transfers |
1,649 |
| Crown settlements |
1,250 |
| Cost recovery levies on Crown-owned quota |
210 |
| Quota share/ACE administration costs |
30 |
|
| Total |
236 |
| back to top>>
| 4) OPERATING EXPENDITURE |
|
2004
Actual |
|
2005
Actual |
2005
Main
Estimates |
2005
Supplementary
Estimates |
$000 |
|
$000 |
$000 |
$000 |
|
199 |
Compensation for reductions in quota |
3,179 |
1,710 |
3,414 |
1,058 |
Settlement of litigation |
500 |
0 |
500 |
0 |
Negotiation settlement |
400 |
0 |
750 |
480 |
Bad debt write-offs |
364 |
0 |
1,600 |
140 |
Subscriptions to international organisations |
131 |
260 |
260 |
4 |
Quota share/ACE administration costs |
8 |
0 |
30 |
125 |
Cost recovery levies on Crown-owned quota |
0 |
190 |
400 |
920 |
Transfer of quota shares and ACE |
0 |
0 |
1,649 |
20 |
Increase/(decrease) in provision for bad/doubtful debts |
(944) |
800 |
(800) |
|
| 2,946 |
Total operating expenditure |
3,638 |
2,960 |
7,803 |
| back to top>>
| 5) CASH AND BANK BALANCES |
| This comprises balances of the Crown bank accounts managed by the Ministry of Fisheries on the Crown's behalf pursuantto section 4 of the Public Finance Act 1989. These balances represent funds drawn down from the New Zealand Debt Management Office at the Treasury for payments to be made on behalf of the Crown but not yet paid, proceeds from asset sales, revenue receipts not yet transferred to the Crown and GST payable to the Department of Inland Revenue on revenue invoiced on behalf of the Crown.
2004
Actual |
|
2005
Actual |
2005
Main
Estimates |
2005
Supplementary
Estimates |
$000 |
|
$000 |
$000 |
$000 |
|
2,623 |
Funding for payments on behalf of the Crown |
2,990 |
1,494 |
2,623 |
240 |
Infringement receipts |
10 |
70 |
100 |
230 |
Receipts on behalf of the Crown |
161 |
496 |
550 |
|
3,093 |
Total cash and bank balances |
3,161 |
2,060 |
3,273 |
| back to top>>
| 6) ACCOUNTS RECEIVABLE |
|
2004
Actual |
|
2005
Actual |
2005
Main
Estimates |
2005
Supplementary
Estimates |
$000 |
|
$000 |
$000 |
$000 |
|
| 10,959 |
Debtors and receivables |
11,467 |
7,005 |
9,177 |
| |
Less: |
|
|
|
| (1,944) |
Provision for doubtful debts |
(1,000) |
(2,844) |
(1,144) |
|
| 9,015 |
Total receivables |
10,467 |
4,161 |
8,033 |
| back to top>>
| 7) PREPAYMENTS |
|
2004
Actual |
|
2005
Actual |
2005
Main
Estimates |
2005
Supplementary
Estimates |
$000 |
|
$000 |
$000 |
$000 |
|
59 |
Subscriptions to international organisations |
73 |
59 |
59 |
0 |
Deemed value cash received in advance |
2,237 |
0 |
0 |
|
| 59 |
Total prepayments |
2,310 |
59 |
59 |
| back to top>>
| 8) INTANGIBLE ASSETS |
|
2004
Actual |
|
2005
Actual |
2005
Main
Estimates |
2005
Supplementary
Estimates |
$000 |
|
$000 |
$000 |
$000 |
|
3,454 |
Crown-owned quota |
3,440 |
4,666 |
1,900 |
411 |
Crown-owned ACE |
0 |
200 |
200 |
|
3,865 |
Total intangible assets |
3,440 |
4,866 |
2,100 |
| back to top>>
| 9) ACCOUNTS PAYABLE |
|
2004
Actual |
|
2005
Actual |
2005
Main
Estimates |
2005
Supplementary
Estimates |
$000 |
|
$000 |
$000 |
$000 |
|
2 |
Creditors |
0 |
18 |
3 |
982 |
Accrued expenses |
4,607 |
5 |
981 |
4,951 |
GST payable on receipts on behalf of the Crown |
657 |
1,480 |
5,251 |
|
5,935 |
Total payables and provisions |
5,264 |
1,503 |
6,235 |
| back to top>>
| 10) OVER AND UNDER RECOVERED COSTS |
|
11,184 |
Net over recovery of costs |
4,401 |
17,743 |
7,770 |
|
11,184 |
Total net over recovered costs |
4,401 |
17,743 |
7,770 |
| Section 265 of the Fisheries Act 1996 creates a mandatory obligation on the Minister of Fisheries to have regard to under and over recovery of costs of any fisheries-related conservation service or fisheries service in a previous financial year when recommending a cost recovery levy order for a current/future year. This provision reflects the balance of the net over and under recovery of cost recovery levies for the period 1 October 1994 to 30 June 2005 to be applied against future cost recovery levy orders. back to top>>
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