Statement of trust monies
FOR THE YEAR ENDED 30 JUNE
Statement of trust monies for the year ended 30 June.
| |
Declared Overfishing Account1 |
Forfeit Property Account 2 |
Foreign Exchange Account 3 |
Total |
| |
$000 |
$000 |
$000 |
$000 |
|
| Balance at start of period 2004 |
6,148 |
722 |
1,584 |
8,454 |
| Plus: |
|
|
|
|
| • Contribution |
10,150 |
287 |
0 |
10,437 |
| • Revenue |
171 |
40 |
0 |
211 |
| Less: |
|
|
|
|
| • Distribution |
(14,277) |
(701) |
(1,395) |
(16,373) |
| • Expenses |
0 |
(120) |
(189) |
(309) |
|
| Balance at end of period 2005 |
2,192 |
228 |
0 |
2,420 |
|
1 Funds held in relation to the deemed value of fish taken in excess of annual catch entitlement under the quota management system.
2 Proceeds received from the sale of seized/forfeited property that is disposed of in accordance with Ministerial/Court direction.
3 Foreign currency monies received and held in trust until the completion of legal proceedings.