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Schedule of Expenditure and Appropriations

for the year ended 30 June 2014

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
2013
Actual
$000
Note 2014
Actual
$000
2014
Main Estimates
$000
2014
Supp. Estimates
$000
Vote Finance    
Non-departmental output classes    
35 Management of New Zealand House, London 21  201  1,000  1,000
323 Management of Crown's Obligations for Geothermal Wells    106  151  295
318 Management of the New Zealand Superannuation Fund    351  528  528
5,028 Inquiries and Research into Productivity-related Matters MCOA    5,030  5,030  5,030
4,525 - Inquiries into Productivity-related Matters    4,527  4,527  4,527
503 - Research into and Promotion of Productivity-related Matters    503  503  503
5,704   5,688 6,709 6,853
Borrowing expenses    
3,662,183 Debt servicing[10] 23(c)  3,549,500 3,492,841  3,554,913
3,662,183    3,549,500 3,492,841  3,554,913
Other expenses incurred by the Crown    
10,258 New Zealand House, London 21 12,066 13,000 12,800
5 Crown Residual Liabilities   49 230 455
- Geothermal Wells Fund   - 500 500
2 Government Superannuation Appeals Board   2 50 50
24,767 Government Superannuation Fund Authority - Crown's Share of Expenses[10] 8 28,758 24,599 27,856
610,150 Government Superannuation Fund Unfunded Liability[10] 7 613,744 635,803 619,174
- Impairment of Loans to Taitokerau Forests Limited 28 261 800 200
- Impairment of Learning Media 29 4,059 - 7,700
17,607 Landcorp Protected Land Agreement - Operating 12 557 2,000 4,857
24,677 Loyalty Bonus Scheme Related to Initial Public Offers[11] 17 22,135 - 27,423
21,511 Direct Sale Costs for Implementing the Mixed Ownership Model[11] 13-17  32,778  33,850  40,974
27,078 National Provident Fund Schemes - Liability Crown Under Crown Guarantee[10] 18 27,408 26,000 26,000
- Payments in respect of NZECO Guarantees and Indemnities[12] 20 1,412 - 527
4 Payments in respect of Guarantees and Indemnities[12] 2(a) - - 83
- Renegotiation of New Zealand House Lease   187 - 200
- Solid Energy Share Impairment 27 25,000 - 25,000
156 Taitokerau Forests Limited Grant 28 - 200 244
1 Unclaimed Money[12] 5 98 250 250
- Unclaimed Trust Money[12] 5 - 250 250
- New Zealand Aluminium Smelters - Electricity Agreement Incentive Payment   30,000 - 30,000
9,702 Unwind of Discount Rate used in the Present Value Calculation of Payment under Crown Deed of Support with AMI Insurance Ltd (AMI) 26 8,514 10,218  15,295
745,918     807,028 747,750 839,838
  Capital expenditure        
54,809 Crown Asset Management Limited (CAML) Equity Injection 2(b) 4,000 - 10,000
35,164 International Financial Institutions[12] 10 25,310 212,000 212,000
5,591 Landcorp Protected Land Agreement - Capital 12 1,622 2,000 4,409
- New Zealand House, London - Capital 21 - 750 750
- Solid Energy New Zealand Limited Loan Facility 27 - - 130,000
- Solid Energy Redeemable Preference Shares 27 25,000 - 25,000
1,359 Taitokerau Forests 28 1,200 800 1,700
- Learning Media 29 4,059 - 7,700
96,923     61,191 215,550 391,559
4,510,728 Total non-departmental expenditure and appropriations   4,423,407 4,462,850 4,793,163

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.

Notes

  • [10]These expenses or capital expenditures have permanent legislative authority.
  • [11]Multi-year Appropriation.
  • [12]These expenses or capital expenditures have permanent legislative authority.
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