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 Note 9: Taxpayers' Funds Taxpayers' funds comprises two components:
General Funds |
30/6/99
Actual
$000 |
30/6/99
Budget
$000 |
30/6/98
Actual
$000 |
General funds as at 1 July |
9,370 |
9,370 |
8,759 |
Net Surplus |
(118) |
(1,785) |
2,122 |
Capital contribution |
0 |
0 |
500 |
Provision for repayment of surplus to the Crown |
(1,682) |
(15) |
(2,112) |
Other adjustments |
(50) |
(2) |
111 |
General funds as at 30 June |
7,520 |
7,568 |
9,370 |
|
Note 10: Short-term Deposits As at balance date, the following short-term deposits had been placed with the New Zealand Debt Management Office (NZDMO):
Counterparty |
Interest
Rate
% |
Term |
30/6/99
Actual
$000 |
30/6/98
Actual
$000 |
NZDMO |
4.25 |
30 days |
1,000 |
1,000 |
Total short-term deposits |
|
|
1,000 |
1,000 |
Note 11: Debtors and Receivables As at balance date, the following short-term deposits had been placed with the New Zealand Debt Management Office (NZDMO):
Counterparty |
30/6/99
Actual
$000 |
30/6/98
Actual
$000 |
Trade debtors |
466 |
576 |
Less: Provision for doubtful debts |
(91) |
(124) |
Net trade debtors |
375 |
452 |
Interest accrued |
2 |
4 |
Receivables |
59 |
3 |
Debtor: Crown funding |
6,688 |
5,379 |
Total debtors and receivables |
7,124 |
5,838 |
Note 12: Fixed Assets
|
Cost or
valuation
30/6/99
$000 |
Accum-ulated
depre-ciation
30/6/99
$000 |
Net book
value
30/6/99
$000 |
Net book
value
30/6/98
$000 |
Land |
54 |
0 |
54 |
54 |
Buildings |
1,026 |
60 |
966 |
984 |
Leasehold improvements |
2,479 |
1,377 |
1,102 |
1,196 |
Plant and equipment |
10,727 |
8,109 |
2,618 |
2,835 |
Capital work in progress |
1,460 |
0 |
1,460 |
1,375 |
Vessels |
803 |
232 |
571 |
511 |
Motor vehicles |
1,904 |
390 |
1,514 |
1,488 |
Total |
18,453 |
10,168 |
8,285 |
8,443 |
Land, buildings and vessels are stated at net current value as at 1 July 1996, as established by an independent valuation for the Ministry, with subsequent additions at cost less depreciation. |