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Statement of Expenditure and Appropriations

for the year ended 30 June 2011

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
2010
Actual
$000
2011
Actual
$000
2011
Main Estimates
$000
2011
Supp. Estimates
$000

Vote Finance

 

Non-departmental Output Classes

 
412 Management of New Zealand House, London 291 1,000 600
125 Management of Crown's Obligations for Geothermal Wells 106 151 211
354 Guardians of New Zealand Superannuation 294 516 350
104 2025 Productivity Taskforce 121 81 148
- New Zealand Productivity Commission - Inquiries into Productivity-related Matters 1,160 655 1,160
- New Zealand Productivity Commission - Research into and Promotion of Productivity-related Matters 50 - 50
95 Regulatory Responsibility Taskforce - - -
1,090 2,022 2,403 2,519

Borrowing Expenses

 
2,284,955 Debt Servicing[8] 3,040,302 3,058,421 3,031,738
2,284,955 3,040,302 3,058,421 3,031,738

Other Expenses Incurred by the Crown

 
- Additional Payments to Facilitate Full Payout under the Crown Retail Deposit Guarantee Scheme 150,000 - 150,000
12,947 Crown Overseas Properties 11,814 16,200 14,700
67 Crown Residual Liabilities 1 230 230
- Earthquake Commission Land Insurance Payments 2,368 - 5,000
- Earthquake Commission Land Remediation 41,354 - 141,100
- Geothermal Liabilities - 500 500
4 Government Superannuation Appeals Board - 50 50
22,160 Government Superannuation Fund Authority - Crown's Share of Expenses[8] 25,823 23,760 24,760
633,160 Government Superannuation Fund Unfunded Liability[8] 635,659 684,117 629,128
- GST Compensation for Government Superannuation Fund and National Provident Fund Recipients 9,918 10,000 10,000
2,362 Impairment of Loans to Taitokerau Forests Limited - 800 1,500
- Impairment of Crown's Interest in AMI 335,000 - 500,000
2,100 Maui Gas Contracts - - -
38,000 National Provident Fund Schemes - Liability under Crown Guarantee[8] 37,000 60,000 58,700
(3,272) National Provident Fund - Crown Liability for Scheme Deficiency[8] 1,516 - 16
136 Payments in Respect of NZECO Guarantees and Indemnities[8] 186 - 186
(24,643) Payments in Respect of Guarantees and Indemnities[8] 1,185,761 - 1,547,116
4,000 Rugby New Zealand 2011 Limited - - -
31 Taitokerau Forests Limited Grant 86 200 469
1 Unclaimed Money[8] 149 250 250
- Unclaimed Trust Money[8] - 250 250
 687,053   2,436,635 796,357 3,083,955
 

Capital Expenditure

     
- AMI Equity Injection 500,000 - 500,000
- Asian Development Bank 65,125 71,000 65,125
7,400 Hawkes Bay Airport Equity Injection - - -
- International Financial Institutions 183,255 - 148,000
16,056 Landcorp Protected Land Agreement 17,347 17,347 27,047
- Loan in Respect to Guarantees and Indemnities for the Crown Retail Deposit Guarantee Scheme 175,000 - 175,000
- New Zealand Productivity Commission Capital 500 500 500
250,000 New Zealand Superannuation Fund - Contributions - - -
30,000 Public Trust Capital Injection - - -
2,400 Taitokerau Forests Limited 800 800 1,500
305,856   942,027 89,647 917,172
 3,278,954 Total Vote Finance 6,420,986 3,946,828 7,035,384
 

Vote Crown Research Institutes

     
  Other Expenses Incurred by the Crown      
7 CRI Residual Liabilities 3 - 755
7 Total Vote Crown Research Institutes 3 - 755
 3,278,961 Total Non-departmental Expenditure and Appropriations 6,420,989 3,946,828 7,036,139

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.

Notes

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