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Annual Report for the Year Ended 30 June 2001
- Our Vision
- Chief Executive's Overview
- Key Achievements
- 2000/2001 Financial Performance
- Key Statistics for the Year ended 30 June 2001
- Statement of Responsibility
- Report of the Audit Office
- Financial Statements
- Output Class Performance
- References
Annual Report for the Year Ended 30 June 2001
Statement of Cash Flows for the Year Ended 30 June 2001
Statement of Cash Flows for the Year Ended 30 June 2001.
|
30/6/01
Actual
$000 |
30/6/01
Budget
$000 |
30/6/00
Actual
$000 |
Cash flows - operating activities |
|
|
|
Cash provided from: |
|
|
|
Supply of outputs to the Crown |
59,431 |
62,491 |
47,534 |
Supply of outputs to other parties |
2,373 |
3,149 |
1,588 |
Interest |
11 |
15 |
96 |
|
|
|
Cash was applied to: |
|
|
Produce outputs |
55,439 |
59,530 |
44,942 |
Capital charge |
753 |
741 |
745 |
Other expenses |
160 |
225 |
48 |
Net cash inflow/(outflow) from operating activities |
5,463 |
5,159 |
3,483 |
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|
|
Cash flows - investing activities |
Cash provided from: |
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Sale of fixed assets |
583 |
376 |
214 |
Cash disbursed to: |
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Purchase of fixed assets |
3,830 |
4,229 |
2,864 |
Net cash inflow/(outflow) from investing activities |
(3,247) |
(3,853) |
(2,650) |
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|
|
Cash flows - financing activities |
Cash provided from: |
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Capital contributions |
10 |
10 |
0 |
Cash disbursed for: |
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Repayment of surplus |
2,531 |
2,532 |
1,682 |
Net cash inflow/(outflow) from financing activities |
(2,521) |
(2,522) |
(1,682) |
Net increase/(decrease) in cash held |
(305) |
(1,216) |
(849) |
Add opening cash and deposits |
2,519 |
2,519 |
3,368 |
Closing cash and deposits |
2,214 |
1,303 |
2,519 |
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Cash and deposits comprises: |
Cash |
2,214 |
1,303 |
1,519 |
Short-term deposits |
0 |
0 |
1,000 |
The accompanying accounting policies and notes form part of these financial statements
Reconciliation of Net Surplus to Net Cash Flows from Operating Activities for the Year Ended 30 June 2001
Reconciliation of Net Surplus to Net Cash Flows from Operating Activities for the Year Ended 30 June 2001.
|
30/6/01
Actual
$000 |
30/6/01
Budget
$000 |
30/6/00
Actual
$000 |
Net surplus/(deficit) |
2,478 |
(70) |
2,484 |
Add non-cash items |
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Depreciation |
2,296 |
2,804 |
2,383 |
Write downs |
93 |
0 |
0 |
Total non-cash items |
2,389 |
2,804 |
2,383 |
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Add/(less) movements in working capital items |
(Increase)/Decrease in debtors and receivables |
(1,018) |
(2,121) |
(7,344) |
(Increase)/Decrease in prepayments |
21 |
(74) |
74 |
Increase/(Decrease) in creditors and payables |
1,488 |
(109) |
6,978 |
Increase/(Decrease) in employee entitlements |
234 |
627 |
(1,375) |
(Increase)/Decrease in inventories |
0 |
0 |
36 |
Increase/(Decrease) in unearned revenue |
55 |
0 |
167 |
Increase/(Decrease) in other provisions |
(43) |
0 |
0 |
Working capital movements - net |
737 |
2,565 |
(1,464) |
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Add/(less) investing activity items: |
Net loss/(gain) on sale of fixed assets |
(141) |
(140) |
80 |
Total investing activity items |
(141) |
(140) |
80 |
Net cash flow from operating activities |
5,463 |
5,159 |
3,483 |
The accompanying accounting policies and notes form part of these financial statements
Statement of Commitments as at 30 June 2001
The Ministry has short to long term leases on its premises. The annual lease payments are subject to two to six yearly reviews. The amounts disclosed below as future commitments are based on current rental rates. In addition, there are fisheriesand biodiversity research projects and registry services contracts entered into in 2000/2001 for which the service will be performed after 30 June 2001.
Statement of Commitments as at 30 June 2001.
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30/6/01
Actual
$000 |
30/6/00
Actual
$000 |
Operating commitments |
- Less than one year |
12,291 |
13,756 |
- One to two years |
2,736 |
1,607 |
- Two to five years |
3,021 |
668 |
- More than five years |
757 |
64 |
Total operating commitments |
18,805 |
16,095 |
Capital commitments |
1,000 |
0 |
Total commitments |
19,805 |
16,095 |
Statement of Contingent Liabilities as at 30 June 2001
Statement of Contingent Liabilities as at 30 June 2001.
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30/6/01
Actual
$000 |
30/6/00
Actual
$000 |
Legal proceedings and disputes |
1,995 |
683 |
Total contingent liabilities |
1,995 |
683 |
These contingent liabilities relate to public liability claims.
Statement of Unappropriated Expenditure
for the Year Ended 30 June 2001
The Ministry has not incurred any unappropriated expenditure during the 2000/2001 financial year (30 June 2000 nil).
The accompanying accounting policies and notes form part of these financial statements
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