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Annual Report of the Treasury for the Year Ended 30 June 2014

Supplementary Financial Schedules - Non-departmental

for the year ended 30 June 2014

Schedule of Expenses

for the year ended 30 June 2014

The Schedule of Expenses summarises expenses that the Department administers on behalf of the Crown. Details of non-departmental expenditure and appropriations are provided in the Explanatory Notes to Supplementary Statements and Schedules - Non-departmental on pages 97 to 105.

Schedule of Expenses
2013
Actual
$000
Note 2014
Actual
$000
2014
 Main Estimates
$000
2014
Supp. Estimates
$000
Vote Finance    
5,704 Non-departmental output classes    5,688  6,709  6,853
3,662,183 Borrowing expenses 23(c)  3,549,500  3,492,841  3,554,913
745,918 Other expenses incurred by the Crown    807,028  747,750  839,838
Re-measurements:    
118 Change in DGS receivable revaluation 2(a) 387 - -
3,947 Change in Southern Response Earthquake Services Ltd (SRESL) provision 26 - - 4,600
3,106 Investment in Associates impairment 11 - - -
- Loss on sale of Landcorp -  Opouahi Station to Office of Treaty Settlements 12 3,990 - -
7,436 Foreign Exchange losses incurred by the Treasury 10 21,997 - -
216,000 Fair value losses incurred by NZDMO 23(d) 140,000 147,000 168,000
- Change in initial recognition of financial assets - NZDMO 23(e) 113,843 - 122,000
4,644,412 Total non-departmental expenses   4,642,433 4,394,300 4,696,204
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 2014.

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