Overview of Departmental Financial Results for the year ended 30 June 2006
The following significant movements in actual results between 2005/06 and 2004/05 are explained below.
| 2006 Actual $000 |
2005 Actual $000 |
|
|---|---|---|
Revenue |
||
| Crown | 49,079 | 51,153 |
| Other revenue | 1,050 | 734 |
Expenses |
||
| Personnel | 34,890 | 33,423 |
| Operating | 11,622 | 14,310 |
| Consultants | 1,446 | 1,996 |
| Capital charge | 698 | 630 |
Non-Current Assets |
||
| Property, plant and equipment | 6,414 | 6,116 |
Taxpayers’ Funds |
||
| General Funds | 8,527 | 8,927 |
Revenue
Revenue Crown for departmental outputs decreased by $2.1 million, mainly due to reductions in funding for the cost of leasing No 1 The Terrace, following a reduction in leased office space since 1 July 2005.
Other revenue increased by $0.3 million due mainly to increased funding for the State Sector Retirement Savings Scheme of $0.5 million. This increase was partially offset by a reduction in rental income received from sublet office space in 2004/05.
Expenditure
Personnel increased by $1.5 million due mainly to a market increase in salaries, introduction of additional leave and an increase in employers’ State Sector Retirement Savings Scheme contributions.
Operating decreased by $2.7 million due mainly to the reduction in costs of leasing premises as a result of less space occupied in 2005/06.
Consultants decreased by $0.6 million due largely to less demand for external advice and process management services.
Capital charge increased by $0.07 million due to increased taxpayers’ equity following capital contributions of $1.8 million during 2004/05 for the capital costs of the accommodation project. However, taxpayers’ equity was reduced by a $0.4 million capital repayment during 2005/06 which partly offset the increase in capital charge.
Non-current assets
Property, plant and equipment increased by $0.3 million due mainly to the capitalisation of computer software developments undertaken during the year and completion of the CCMAU accommodation project.
Taxpayers’ funds
General funds decreased by $0.4 million due to a capital repayment to the Crown during 2005/06. The Treasury is repaying capital provided for the recent upgrade of office accommodation.
