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Statement of Unappropriated Expenditure

for the year ended 30 June 2014

There was one item of unappropriated expenditure in Vote Finance in the year ended 30 June 2014.

Appropriation Type Appropriation Name Appropriated Expenditure in 2013/14
$000
Total Expenditure, Expenses or
Liabilities Incurred
$000
Unapproved Unappropriated Expenses
$000
Appropriated Expenditure in 2014/15
$000
Non-departmental other expense Impairment of Loans to Taitokerau Forest Limited 200 261 61 200

The Rewarewa forest did not produce sufficient net proceeds to repay its portion of Taitokerau's total debt to the Crown resulting in a write-off of the loan of $261,000. This impairment was not expected in this fiscal year.

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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