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Schedule of Expenses

for the year ended 30 June 2010

The Schedule of Expenses summarises expenses that the Department administers on behalf of the Crown. Details of non-departmental expenditure and appropriations are provided on pages 105 and 106.

Schedule of Expenses
2009
Actual
$000		 2010
Actual
$000		 2010
 Main Estimates
$000 		2010
Supp. Estimates
$000
68,928 Non-departmental output classes 1,090 1,921 2,146
2,087,220 Borrowing expenses 2,284,955 2,153,000 2,288,836
2,659,771 Other expenses incurred by the Crown 718,053 810,297 2,162,897
Remeasurements:  
694,948
  •   Change in GSF unfunded liability – actuarial (gains)/losses
1,231,222 - 408,289
(22,000)
  •   Change in NPF DBP(A) Scheme provision under Crown Guarantee – actuarial (gains)/losses
95,000 12,000 12,000
2,979
  •   Change in Rugby World Cup provision
 591 - 3,419
55,560
  •   SOE/CE impairments
 - - -
-
  •   Grossing up of deposit guarantee payments
 - - (1,327,000)
-
  •   Derivative losses (gains)
 377 - -
(21,142)
  •   Foreign exchange losses/(gains) incurred by the Treasury
 14,037 - -
-
  •   Invercargill Airport Suspensory Loan impairment
 - - (300)
-
  •   Taitokerau Forest Loan impairment
(2,362) (1,400) (3,100)
(37,000)
  •   Taitokerau Forest Loan write down previously recognised as a remeasurement to fair value
 - - -
5,489,264 4,342,963 2,975,818 3,547,187

Vote Crown Research Institutes

  
- Other expenses incurred by the Crown 7 - 762
- 7 - 762
5,489,264 Total Non-departmental Expenses 4,342,970 2,975,818 3,547,949

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

For a full understanding of the Crown's financial position and the result of its operations for the year, refer to the consolidated Financial Statements of the Government for the year ended 30 June 2010.

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