|
|
Notes to the non-departmental schedules for the year ended 30 June
1 Cost recovery levies
|
2005
Actual
$000 |
|
2006
Actual
$000 |
2006
Main
Estimates $000 |
2006
Supp
Estimate
$000 |
|
29,907 |
Cost recovery levies - Fisheries services |
29,351 |
30,467 |
26,967 |
2,110 |
Cost recovery levies - Conservation services |
1,122 |
1,053 |
1,053 |
10 |
Cost recovery levies - Crown-owned quota |
0 |
169 |
0 |
|
32,027 |
Total cost recovery levies |
30,473 |
31,689 |
28,020 |
| 2 Other revenue
|
2005
Actual
$000 |
|
2006
Actual
$000 |
2006
Main
Estimate $000 |
2006
Supp
Estimate
$000 |
|
2,307 |
Sale of quota/ACE |
14,343 |
98 |
7,456 |
388 |
Forfeitures and redemptions |
496 |
500 |
500 |
0 |
Fisheries research catch |
348 |
0 |
218 |
243 |
Infringement notices |
199 |
388 |
200 |
219 |
Interest |
188 |
0 |
140 |
172 |
Other |
210 |
30 |
150 |
|
3,329 |
Total other revenue |
15,784 |
1,016 |
8,664 |
| 3 Major budget variationsThe variations from the initial 2005/2006 Budget Night (Main) Estimates to Supplementary Estimates were due to: (a) Revenue
|
| |
$000 |
|
| Sale of quota shares and ACE |
7,456 |
| An increase in deemed value revenue to be paid by quota holders who have over fished based on current activity |
4,000 |
| A reduction in forecast net cost recovery levies |
(3,669) |
| Other income |
290 |
|
| Total |
7,979 |
| (b) Non-departmental expenditure
|
| |
$000 |
|
| Bad debt write-offs |
900 |
| Settlements |
800 |
| Compensation payable for reductions in quota |
10 |
| Provision for bad debts |
(711) |
| Quota transfers |
(250) |
| Cost recovery levies on Crown-owned quota* |
(169) |
| GST on expenses |
21 |
|
| Total |
601 |
| * now accounted for as a reduction in cost recovery levy income 4 Operating expenditure
|
2005
Actual
$000 |
|
2006
Actual
$000 |
2006
Main
Estimate
$000 |
2006
Supp
Estimate
$000 |
|
0 |
Transfer of quota shares and ACE |
4,413 |
6,541 |
6,291 |
900 |
Settlements |
800 |
0 |
800 |
131 |
Subscriptions to international organisations |
167 |
260 |
260 |
7 |
Quota share/ACE administration costs |
17 |
27 |
27 |
0 |
Cost recovery levies on Crown-owned quota |
0 |
0 |
10 |
324 |
Bad debt write-offs |
667 |
0 |
900 |
(904) |
Increase/(decrease) in provision for bad/doubtful debts |
(667) |
711 |
0 |
237 |
GST on expenses |
10 |
930 |
951 |
|
3,638 |
Total operating expenditure |
5,407 |
8,638 |
9,239 |
| 5 Cash and bank balancesThis comprises balances of the Crown bank accounts managed by the Ministry of Fisheries on the Crown's behalf pursuant to 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.
|
2005
Actual
$000 |
|
2006
Actual
$000 |
2006
Main
Estimate
$000 |
2006
Supp
Estimate
$000 |
|
10 |
Infringement receipts |
26 |
0 |
10 |
161 |
Receipts on behalf of the Crown |
126 |
750 |
161 |
2,990 |
Funding for payments on behalf of the Crown |
2,988 |
3,173 |
2,990 |
|
3,161 |
Total cash and bank balances |
3,140 |
3,923 |
3,161 |
| 6 Accounts receivable
|
2005
Actual
$000 |
|
2006
Actual
$000 |
2006
Main
Estimate
$000 |
2006
Supp
Estimate
$000 |
|
11,467 |
Debtors and receivables |
13,064 |
9,177 |
11,178 |
| |
Less: |
|
|
|
(1,000) |
Provision for doubtful debts |
(250) |
(1,144) |
(1,000) |
|
10,467 |
Total receivables |
12,814 |
8,033 |
10,178 |
| 7 Prepayments
|
2005
Actual
$000 |
|
2006
Actual
$000 |
2006
Main
Estimate
$000 |
2006
Supp
Estimate
$000 |
|
73 |
Subscriptions to international organisations |
94 |
59 |
73 |
0 |
Deemed value cash received in advance |
0 |
0 |
2,237 |
|
73 |
Total prepayments |
94 |
59 |
2,310 |
| 8 Intangible assets
|
2005
Actual
$000 |
|
2006
Actual
$000 |
2006
Main
Estimate
$000 |
2006
Supp
Estimate
$000 |
|
3,440 |
Crown-owned quota |
1,842 |
2,098 |
2,750 |
|
3,440 |
Total intangible assets |
1,842 |
2,098 |
2,750 |
| 9 Accounts payable
|
2005
Actual
$000 |
|
2006
Actual
$000 |
2006
Main
Estimate
$000 |
2006
Supp
Estimate
$000 |
|
0 |
Creditors |
8 |
0 |
0 |
657 |
GST payable on receipts on behalf of the Crown |
419 |
5,251 |
657 |
2,370 |
Accrued expenses |
1,755 |
8,342 |
4,607 |
|
3,027 |
Total payables and provisions |
2,182 |
13,593 |
5,264 |
| 10 Over and under recovered costs
|
2005
Actual
$000 |
|
2006
Actual
$000 |
2006
Main
Estimate
$000 |
2006
Supp
Estimate
$000 |
|
4,401 |
Net over recovery of costs |
4,237 |
512 |
9,712 |
|
4,401 |
Total net over recovered costs |
4,237 |
512 |
9,712 |
| 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 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 1995 to 30 June 2006 to be applied against future cost recovery levy orders.
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