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Annual Report for the Year Ended 30 June 1999
- Our Vision
- Principal Functions
- Chief Executive's Overview
- The Way Forward
- Key Achievements
- The Ministry
- 1998/99 Financial Performance
- Key Statistics
- Statement of Responsibility
- Report of the Audit Office
- Financial Statements
- Output Class Performance
- References
Annual Report for the Year Ended 30 June 1999
1998/99 Financial Performance
Notes to the Financial Statements
for the Year Ended 30 June 1999
Note 1: Budget Composition
Note 1: Budget Composition.
|
Notes |
30/6/99
Budget
Forecasts
$000 |
30/6/99
Supp Estimates*
Changes
$000 |
30/6/99
Budget
Total
$000 |
Revenue |
|
Crown |
2 |
39,447 |
(247) |
39,200 |
Other |
3 |
2,423 |
(100) |
2,323 |
Interest |
4 |
100 |
(85) |
15 |
Total revenue |
|
41,970 |
(432) |
41,538 |
|
|
Expenditure |
|
Personnel costs |
5 |
22,298 |
(577) |
21,721 |
Operating costs |
6 |
15,445 |
134 |
15,579 |
Depreciation |
|
2,971 |
(433) |
2,538 |
Capital charge |
7 |
1,156 |
(56) |
1,100 |
Other expenses |
|
0 |
2,385 |
2,385 |
Total expenses |
|
41,870 |
1,453 |
43,323 |
Net operating surplus/(deficit) |
|
100 |
(1,885) |
(1,785) |
*This includes transfers made under section 5 of the Public Finance Act
Note 2: Crown Revenue This is revenue earned for the supply of outputs to the Crown.
Note 3: Other Revenue
Note 3: Other Revenue.
|
30/6/99
Actual
$000 |
30/6/99
Budget
$000 |
30/6/98
Actual
$000 |
Boat registration and permit fees |
434 |
695 |
680 |
Transhipment and observer charges |
890 |
798 |
499 |
Transfer and lease fees |
502 |
453 |
462 |
Automatic location communicator fees |
155 |
160 |
677 |
Miscellaneous |
393* |
217 |
373 |
Total revenue - other |
2,374 |
2,323 |
2,691 |
* Miscellaneous revenue includes net gains on disposal of assets totalling $67,000.
Note 4: Interest Revenue The Ministry invests surplus cash with the New Zealand Debt Management Office (NZDMO) and earns interest at variable rates.
Note 5: Personnel Costs
Note 5: Personnel Costs.
|
30/6/99
Actual
$000 |
30/6/99
Budget
$000 |
30/6/98
Actual
$000 |
Salaries and wages |
17,864 |
18,798 |
16,640 |
Other |
2,937 |
2,923 |
3,527 |
Total personnel costs |
20,801 |
21,721 |
20,167 |
Note 6: Operating Costs
Note 6: Operating Costs.
|
30/6/99
Actual
$000 |
30/6/99
Budget
$000 |
30/6/98
Actual
$000 |
Consultancy |
1,266 |
1,491 |
2,497 |
Asset write-offs |
96 |
0 |
4 |
Bad debts written-off |
37 |
0 |
9 |
Decrease in provision for doubtful debts |
(31) |
(36) |
(4) |
Audit fees for audit of the financial statements |
113 |
142 |
117 |
Travel |
1,842 |
1,885 |
1,739 |
Communications |
1,543 |
1,772 |
1,576 |
Legal |
1,830 |
1,835 |
1,293 |
Asset maintenance |
1,437 |
599 |
789 |
Premises costs |
2,311 |
2,453 |
2,285 |
Other operating costs |
4,842 |
5,438 |
4,793 |
Total operating costs |
15,286 |
15,579 |
15,098 |
Note 7: Capital Charge The Ministry pays a capital charge to the Crown on its net taxpayers' funds as at 30 June and 31 December each year. The capital charge rate for the year ended 30 June 1999 was 10.6% (30 June 1998 was 10.6%).
Note 8: Other Expenses
Note 8: Other Expenses.
|
30/6/99
Actual
$000 |
30/6/99
Budget
$000 |
30/6/98
Actual
$000 |
Departmental restructuring costs |
1,085 |
1,085 |
52 |
Retirement and long service leave |
1,300 |
1,300 |
0 |
Total other expenses |
2,385 |
2,385 |
52 |
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