Details of Projected Movements in Departmental
Net Assets
Department of Building and Housing
| 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 | 19,470 | 16,309 | Supplementary Estimates opening balance reflects the audited results as at 30 June 2011. |
| Capital Injections | - | - | |
| Capital Withdrawals | - | - | |
| Surplus to be Retained (Deficit Incurred) | - | (4,717) | The large reductions in Net Assets reflect the planned use of the Memorandum Account surpluses to fund earthquake related technical investigations and the impact of operating the Multi Year Appropriations that are funded from third party revenue sources. These reductions should recover in future financial years. |
| Other Movements | - | - | |
Closing Balance | 19,470 | 11,592 |
