Details of Projected Movements in Departmental
Net Assets
New Zealand Defence Force
| Details of Net Asset Schedule | 2011/12 Main Estimates Projections $000 | 2011/12 Supplementary Estimates Projections $000 | Explanation of Projected Movements in 2011/12 |
|---|---|---|---|
| Opening Balance | 5,650,564 | 5,655,854 | Supplementary Estimates opening balance reflects the audited results as at 30 June 2011. |
| Capital Injections | 38,235 | 38,435 | The change recognises a $200,000 capital injection to provide for a Veterans Online Services project, funded from operating savings. |
| Capital Withdrawals | - | - | |
| Surplus to be Retained (Deficit Incurred) | (2,750) | (2,850) | The change recognises the forecast cost of expensing decommissioned assets during 2011/12. |
| Other Movements | 2,750 | 5,402 | Technical changes that maintain the Departmental Net Asset value if forecast asset related expenses ($2.850 million) do not occur, and recognition of a revaluation reserve movement ($2.252 million). |
Closing Balance | 5,688,799 | 5,696,841 |
