Details of Projected Movements in Departmental
Net Assets
New Zealand Defence Force
| Details of Net Asset Schedule | 2011/12 Estimated Actual $000 | 2012/13 Projected $000 | Explanation of Projected Movements in 2012/13 |
|---|---|---|---|
| Opening Balance | 5,655,854 | 5,693,991 | |
| Capital Injections | 38,435 | 11,800 | The change represents the comparative impact of the Protector Remediation Programme ($1.435 million), a one off 2011/12 injection for a Veterans technology initiative ($200,000) and the conversion of a 2010/11 operating underspend ($25 million). |
| Capital Withdrawals | - | - | |
| Surplus to be Retained (Deficit Incurred) | (2,850) | (250) | The change represents the forecast cost of expensing decommissioned assets. |
| Other Movements | 2,552 | 250 | The change represents revaluation reserve adjustments ($2.552 million) in 2011/12 only, and the 2012/13 forecast cost of expensing decommissioned assets ($250,000). |
Closing Balance | 5,693,991 | 5,705,791 |
