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Schedule of Expenditure and Appropriations

for the year ended 30 June 2012

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

Schedule of Expenditure and Appropriations
2011
Actual
$000		 Note 2012
Actual
$000		 2012
Main Estimates
$000		 2012
Supp. Estimates
$000

Vote Finance

Non-departmental output classes
291 Management of New Zealand House, London 15 447 1,000 1,000
106 Management of Crown's Obligations for Geothermal Wells 100 216 216
294 Guardians of New Zealand Superannuation 266 348 348
121 2025 Productivity Taskforce - - -
1,210 Inquiries and Research into Productivity Related Matters MCOA 16 4,691 4,691 4,691
1,160
  • Inquiries into Productivity Related Matters
 4,222 4,222 4,222
50
  • Research into and Promotion of Productivity Related Matters
 469 469 469
2,022 5,504 6,255 6,255

Borrowing expenses
3,040,302 Debt servicing[4] 18(c) 3,441,282 3,457,514 3,457,514
3,040,302 3,441,282 3,457,514 3,457,514

Other expenses incurred by the Crown
150,000 Additional Payments to Facilitate Full Payout under the Crown Retail Deposit Guarantee Scheme 3(a) - - -
11,814 Crown Overseas Properties 15 11,280 16,200 16,200
1 Crown Residual Liabilities 40 230 230
2,368 Earthquake Commission Land Insurance Payments 5(b) - - -
41,354 Earthquake Commission Land Remediation 5(a) - - -
- Geothermal Liabilities 90 - 500
- Government Superannuation Appeals Board 11 50 50
25,823 Government Superannuation Fund Authority - Crown's Share of Expenses[4] 9 22,581 24,760 24,760
635,659 Government Superannuation Fund Unfunded Liability 8 501,840 515,291 515,291
9,918 GST Compensation for Government Superannuation Fund and National Provident Fund Recipients        25 - - -
- Impairment of Loans to Taitokerau Forests Limited 24 379 250 1,500
335,000 Impairment of Crown's Interest in AMI 2 - - -
37,000 National Provident Fund Schemes - Liability under Crown Guarantee[4] 14 29,004 29,000 29,000
1,516 National Provident Fund - Crown Liability for Scheme Deficiency[4] 14 94 2,500 2,500
186 Payments in Respect of NZECO Guarantees and Indemnities[4] 6 29,705 - -
1,185,761 Payments in Respect of Guarantees and Indemnities[4] 3(a) 318 121 121
- Rugby New Zealand 2011 Limited[4] 23 108,120 108,112 108,112
86 Taitokerau Forests Limited Grant 172 51 683
149 Unclaimed Money[4] 57 250 250
- Unclaimed Trust Money[4] - 250 250
- Discount Rate Interest Unwind - AMI 2 - 7,000 7,000
- CRI Residual Liabilities 1 - - 752
2,436,635 703,691 704,065 707,199

Capital expenditure
500,000 AMI Equity Injection 2 - - -
65,125 Asian Development Bank 11 - - -
183,255 International Financial Institutions 11 156,595 175,000 175,000
17,347 Landcorp Protected Land Agreement 12 1,718 2,000 11,700
175,000 Loan in Respect to Guarantees and Indemnities for the Crown Retail Deposit Guarantee Scheme 3(a) - - -
500 New Zealand Productivity Commission Capital 16 - - -
- Crown Asset Management Equity Injection 3(b) 102,095 500,000 500,000
800 Taitokerau Forests Limited 24 750 250 1,500
942,027 261,158 677,250 688,200
6,420,986 Total Vote Finance 4,411,635 4,845,084 4,859,168

Vote Crown Research Institutes
Other expenses incurred by the Crown
3 CRI Residual Liabilities  1 - - -
3 Total Vote Crown Research Institutes - - -
6,420,989 Total Non-departmental Expenditure and Appropriations 4,411,635 4,845,084 4,859,168

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 2012.

Notes

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