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Statement of Expenditure and Appropriations

for the year ended 30 June 2009

The Statement of Expenditure and Appropriations details expenditure and capital payments incurred against appropriations. The Department administers these appropriations on behalf of the Crown.

Statement of Expenditure and Appropriations
2008
Actual
$000		 2009
Actual
$000		 2009
Supp.
Estimates
$000

Vote Finance

Non-departmental Output Classes

352 Management of New Zealand House, London 416 1,000
81 Management of Crown's Obligations for Geothermal Wells 88 351
1,611 Guardians of New Zealand Superannuation  384 487
- New Zealand Railways Corporation Support 68,000 90,000
- Regulatory Responsibility Taskforce 40 166
2,044 68,928 92,004

Benefits and Other Unrequited Expenses

 - GSFA Subsidies to GSF Schemes - -
- - -

Borrowing Expenses
2,049,665 Debt Servicing[14] 2,087,220 2,106,000
2,049,665   2,087,220 2,106,000

Other Expenses Incurred by the Crown

23,000 Atihau-Whanganui Incorporation Ex-gratia Payment - -
97,719 Auckland Rail Development 180,887 187,036
500 Crown Contribution to Atihau-Whanganui Incorporation Negotiation Costs - -
11,792 Crown Overseas Properties 14,537 16,200
31 Crown Residual Liabilities 40 674
 - Geothermal Liabilities - 500
 - Government Superannuation Appeals Board 12 50
21,000 Government Superannuation Fund and National Provident Fund Cost of Living Indexation - -
15,591 Government Superannuation Fund Authority - Crown's Share of Expenses14 18,415 23,500
1,027,253 Government Superannuation Fund Unfunded Liability14 960,808 968,610
- Impairment of Loans to Taitokerau Forest Ltd - 1,700
 - Invercargill Airport Suspensory Loan - 300
178 Kaingaroa Forest Road Easements - -
- Loss on Acquisition of Toll NZ Ltd 320,462 330,000
41,496 Maui Gas Contracts 12,236 13,218
- National Rail Network Improvements 6,250 6,250
- New Zealand Railways Corporation Transaction Costs of Purchasing Toll NZ Ltd 4,972 5,000
- NZRC Wiri Inland Port Rail Link 6,000 6,000
74,000 National Provident Fund Schemes - Liability under Crown Guarantee 14 71,000 71,000
- National Provident Fund - Crown Liability for Scheme Deficiency 14 40,726 33,200
12,800 ONTRACK Operating and Maintenance Costs 6,259 7,000
 - Payments in Respect of Guarantees and Indemnities 14 885,813 69,335
- Rail Transport Upgrade and Growth 26,495 33,475
- Taitokerau Forests Limited Loan Write Down 37,000 37,000
26,928 Upgrade of Rail Network - -
15 Unclaimed Money[15] 13 250
 7 Unclaimed Trust Money15 - 250
5,231 Urban Rail Development 62,241 78,078
548 Wellington Railway Station Expenses - -
5,847 Wellington Regional Council Suspensory Loan 5,587 8,202
3,180 Write-off of Capital Charge Receivable 18 18
1,367,116 2,659,771 1,896,846

Capital Expenditure

195 Ag Research Equity Injection - -
- Crown Rail Operator Equity Injection 6,774 6,774
- Crown Rail Operators Loan 140,000 140,000
- Hawkes Bay Airport Equity Injection - 8,000
8,000 Industrial Research Limited Equity Injection 4,500 4,500
691 International Financial Institutions 274,000 645,000
- Invercargill Airport Suspensory Loan - 1,500
64,200 Landcorp Protected Land Agreement 26,208 26,208
2,103,000 New Zealand Superannuation Fund - Contributions 2,242,000 2,242,000
- New Zealand Railways Corporation Increase in Capital for Purchase of Crown Rail Operator 388,294 690,000
- New Zealand Railways Corporation Loans 45,000 55,000
34,140 ONTRACK - Equity Injection - -
70,000 ONTRACK - Loans - -
- Port Nicholson Block Settlement Trust Loan 15,268 15,268
-  Public Trust Capital Injection 20,000 20,000
- Purchase of Toll NZ Ltd's Rail Business and Associated Costs 690,000 690,000
- Reserve Bank of NZ Equity Injection 600,000 600,000
- Taitokerau Forests - 1,700
2,000 Timberlands West Coast Ltd Equity Injection 3,800 3,800
784 Wellington Railway Station Upgrade - -
11,334 Wellington Regional Council Suspensory Loan 11,330 13,408
2,294,344   4,467,174 5,163,158
5,713,169 Total Vote Finance 9,283,093 9,258,008
 

Vote Crown Research Institutes

   
 

Other Expenses Incurred by the Crown

   
1,347 CRI Residual Liabilities - 764
- CRI Non-excluded Liabilities - -
1,347 Total Vote Crown Research Institutes - 764
5,714,516 Total Non-departmental Expenditure and Appropriations 9,283,093 9,258,772

The Statement of Accounting Policies is an integral part of these supplementary financial schedules.

Notes

  • [14]These expenses or capital expenditures have permanent legislative authority.
  • [15]These expenses or capital expenditures have permanent legislative authority.
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