Financial Overview

Unless otherwise specified, all figures in this report are in $000 and GST exclusive.

The Ministry has spent $90.704 million in the 2006/2007 financial year against an annual budget appropriation of $94.099 million. When transfers of $3.147 million from 2006/07 to 2007/08 are included, the final audited outturn for 2006/07 gives an effective under spend across all Departmental Output Expenses in the Vote of $0.248 million (0.3 percent).

A summary of departmental output expenses for 2006/2007 is set out below:

Departmental Output Expense Profile

The following graphs and tables show trends in expenditure for the Ministry over the last four years and planned for 2007/2008:

	2003/04	2004/05	2005/06	2006/07	2007/08
	Actual	Actual	Actual	Actual	Plan
Fisheries policy advice	4,927	4,910	5,758	6,884	7,966
Fisheries information	22,604	25,946	27,029	28,873	29,926
Fisheries operations	16,558	16,832	20,209	23,980	24,398
Fisheries compliance	22,070	27,448	30,717	29,980	29,635
Aquaculture settlement	0	517	1,003	987	1,812
Marine biosecurity	2,366	603	0	0	0
Total	68,525	76,256	84,716	90,704	93,737

Research Services

	2003/04	2004/05	2005/06	2006/07	2007/08
	Actual	Actual	Actual	Actual	Plan
Fisheries Research
Antarctic and Deepwater	905	3,236	3,311	2,154	2,631
Hoki and Middle Depths	3,681	4,716	4,152	5,797	4,229
Inshore Finfish, Eel and Snapper	1,269	1,923	1,343	1,824	2,076
Pelagic	951	1,075	1,867	1,391	1,209
Shellfish and Rock Lobster	2,152	1,587	1,964	2,495	2,770
Non Commercial Fisheries	689	2,035	1,831	1,469	1,584
Aquatic Environment	535	540	1,481	1,339	1,692
Other Research	1,865	2,174	1,965	1,162	1,450
Sub total	12,047	17,286	17,914	17,631	17,641
Biodiversity Research	3,099	1,884	1,490	2,682	1,803
Biosecurity Research	1,781	1,192	0	0	0
International Polar Year	0	0	0	0	1,000
Total	16,927	20,362	19,404	20,313	20,444

Research services are reported wihin the Fisheries Information ouput expense.

Departmental Property, Plant and Equipment - Book Value at 30 June 2007

Capital Expenditure Programme

Notable projects completed during the year included:

• rationalisation of accommodation in Wellington
• upgrade to IT infrastructure
• development of the Ministry’s website.