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Annual Report of the Treasury for the Year Ended 30 June 2016

Crown Company Monitoring Advice to the Minister for State-Owned Enterprises and Other Responsible Ministers

What is intended to be achieved with this appropriation

This appropriation is intended to ensure appropriate financial and social returns, and long-term value is achieved from the SOEs, Crown entity companies (CECs) and Crown entities monitored under this appropriation.

What was achieved with this appropriation

Performance measure Target for
2015/16
Performance for 2015/16 Forecast for 2016/17
Appointments completed for Directors of SOEs. 30 44 51
Appointments completed for Board members for CECs and Crown entities that are monitored under this appropriation. 64 81 48
Provide advice in relation to ownership, performance monitoring and governance matters to the Minister for State-Owned Enterprises and other responsible Ministers in respect of the Ministers' shareholding responsibilities or as responsible Ministers for the New Zealand Lotteries Commission and Public Trust. Achieved Achieved Achieved
Provide services supporting the reporting and accountability obligations of entities that fall within the scope of the Owners Expectations Manual. Achieved Achieved Achieved
2015
Actual
$000
Crown Company Monitoring Advice to the
Minister for State-Owned Enterprises and Other Responsible Ministers
2016
Actual
$000
2016
Main Estimates
$000
2016
Supp. Estimates
$000
2017 Unaudited Forecast
as per BEFU 2016
$000
4,606 Expenses 4,434 5,098 5,316 4,659

Funded by:

   
5,289 Revenue  Crown 5,291 5,098 5,291 4,657
6 Other revenue 31 - 25 2

Note:

The underspend is owing to savings generated by staff vacancies throughout the year and less utilisation of consultants than planned.

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