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Schedule of Expenses

for the year ended 30 June 2011

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 97 and 98.

Schedule of Expenses
2010
Actual
$000
2011
Actual
$000
2011
 Main Estimates
$000
2011
Supp.
Estimates
$000
1,090 Non-departmental output classes 2,022 2,403 2,519
2,284,955 Borrowing expenses 3,040,302 3,058,421 3,031,738
718,053 Other expenses incurred by the Crown 2,436,635 796,357 3,083,955

Remeasurements:

 
-
  • AMI discounted payable
2,000 - (72,600)
1,231,222
  • Change in GSF unfunded liability - actuarial (gains)/losses
574,000 - (287,246)
95,000
  • Change in NPF DBP(A) Scheme provision under Crown Guarantee - actuarial (gains)/losses
16,000 - -
591
  • Change in Rugby World Cup provision
816 - -
-
  • Change in DGS receivable revaluation
236,436 - -
-
  • Deposit Guarantee Scheme - full payout option
(150,000) - (150,000)
-
  • Earthquake Commission s25 emergency payments
86 - -
14,037
  • FX losses/(gains) incurred by the Treasury
13,254 - 8,403
-
  • Grossing up of deposit guarantee payments
(1,140,500) (19,000) (1,204,500)
-
  • GST compensation for NPF and GSF recipients
(9,918) - -
-
  • National Provident Fund s72
(3,700) - (3,700)
(2,362)
  • Taitokerau Forests loan impairment
- (800) (1,500)
4,342,586  5,017,433 3,837,381 4,407,069

Vote Crown Research Institutes

 
7 Other expenses incurred by the Crown 3 - 755
7 3 - 755
4,342,593 Total Non-departmental Expenses 5,017,436 3,837,381 4,407,824

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 2011.

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