Annual Report for the year ended 30 June 2002

Presented to the House of Representatives pursuant to Section 39 of the Public Finance Act, 1989

Contents

Statement of Trust Monies
for the Year Ended 30 June

Statement of Trust Monies for the Year Ended 30 June.
	Declared Overfishing Account¹ ($000)	Forfeit Property Trust Account² ($000)	Total ($000)

Balance at start of period 2001	5,874	98	5,972
Plus:
- Contribution	10,992	4,173	15,165
- Revenue	336	99	435

Sub-total	11,328	4,272	15,600

Less:
- Distribution	10,420	2,427	12,847

Balance at end of period 2002	6,782	1,943	8,725

1 Funds held in relation to the deemed value of fish taken in excess of quota under the Quota Management System.

2 Proceeds received from the sale of forfeited property which is disposed of in accordance with Ministerial/Court direction.

Notes to the Financial Statements
for the Year Ended 30 June

Note 1: Revenue Crown.
2001 Actual $000		2002 Actual $000	2002 Main Estimates $000	2002 Supp Estimates $000

*Note 1: Revenue Crown*
	Vote Fisheries
6,252	Policy framework	7,090	8,773	7,090
18,496	Fisheries information and monitoring	20,444	16,128	20,444
5,575	Regulatory management	6,849	7,257	6,849
8,673	Fisheries access and administration	8,897	8,348	8,897
16,570	Enforcement of fisheries policies	18,479	16,570	18,479
2,651	Prosecution of offences	3,793	3,001	3,793

	Vote Biosecurity - Fisheries
2,252	Marine biosecurity advice	3,153	2,622	3,153

60,469	Total - revenue Crown	68,705	62,699	68,705

Notes to the Financial Statements for the Year Ended 30 June Notes 2 - 5.
2001 Actual $000		2002 Actual $000	2002 Main Estimates $000	2002 Supp Estimates $000

*Note 2: Other Revenue*
	Vote Fisheries
1,129	Transhipment and observer charges	1,124	545	1,945
515	Transfer and lease fees	282	453	453
258	Boat registration and permit fees	257	322	322
269	Marine farming licence fees	85	264	264
141	Gain on sale of fixed assets (Note 3)	108	0	150
127	Miscellaneous	103	72	72

2,439	Total – other revenue	1,959	1,656	3,206

*Note 3: Gain on Sale of Fixed Assets*
87	Motor vehicles	103	0	150
54	Vessels	5	0	0

141	Net gain on sale of fixed assets	108	0	150

*Note 4: Personnel Costs*
18,625	Salaries and wages	19,378	18,972	20,263
2,070	Other	3,503	1,417	4,064

20,695	Total personnel costs	22,881	20,389	24,327

*Note 5: Operating Costs*
2,556	Asset operating costs	2,517	2,281	2,281
93	Asset write-offs	0	0	0
22	Bad debts written-off	1	0	0
1,374	Communications	1,330	1,542	1,544
846	Computer consumables	646	431	451
21,665	Contract for services	23,700	28,022	28,022
117	Fees for audit of the financial statements	117	117	117
19	Fees to auditors for other services	26	0	0
462	Legal	1,341	1,448	1,998
1,663	Operating lease rentals	1,466	1,497	1,497
1,470	Printed materials	1,360	1,580	1,592
2,330	Travel	2,277	2,299	2,339
3,920	Other operating costs	3,293	1,204	4,303

36,537	Total operating costs	38,074	40,421	44,144

Notes to the Financial Statements for the Year Ended 30 June Notes 6 - 10.
*Note 6: 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 2002 was 9.0% (30 June 2001 = 9.4%)
2001 Actual $000		2002 Actual $000	2002 Main Estimates $000	2002 Supp Estimates $000

*Note 7: Other Expenses*
160	Organisational review	197	200	200

160	Total other expenses	197	200	200

*Note 8: Taxpayers’ Funds*
Taxpayers’ funds comprises two components:
a) General Funds
7,472	General funds at start of period	7,395	7,257	7,395
2,478	Net surplus/(deficit)	5,660	(185)	(50)
10	Capital contribution	0	100	100
(2,638)	Provision for repayment of surplus to the Crown	(5,857)	(15)	(150)
73	Other adjustments	0	0	0

7,395	General funds at end of period	7,198	7,157	7,295

b) Revaluation Reserves

2001 Actual $000		2002 Actual $000

*Note 9: Debtors and Receivables*
730	Trade debtors	452
(58)	Less: provision for doubtful debts	(57)

672	Net trade debtors	395
493	Receivables	88
14,321	Debtor: Crown funding	16,858

15,486	Total debtors and receivables	17,341

2001 Actual $000		2002 Actual $000

*Note 10: Fixed Assets*

51	Land – at cost	51

	Buildings
1,126	At cost	1,126
(47)	Accumulated depreciation	(67)

1,079	Net book value	1,059

	Leasehold improvements
2,893	At cost	2,118
(1,779)	Accumulated depreciation	(1,354)

1,114	Net book value	764

	Plant and equipment
14,286	At cost	16,949
(11,379)	Accumulated depreciation	(12,793)

2,907	Net book value	4,156



2,100	Capital work in progress – at cost	922

	Vessels
1,091	At cost	1,049
(246)	Accumulated depreciation	(339)

845	Net book value	710

	Motor vehicles
2,139	At cost	2,435
(609)	Accumulated depreciation	(695)

1,530	Net book value	1,740

	Total fixed assets
23,686	At cost	24,650
(14,060)	Accumulated depreciation	(15,248)

9,626	Total net book value	9,402

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Updated : 16 November 2007