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

Management of New Zealand House, London MCA

The overarching purpose of this appropriation is to ensure that New Zealand House, London is well managed.

What is intended to be achieved with this appropriation

This appropriation is intended to ensure that New Zealand House, London is well managed.

What was achieved with this appropriation and each of its categories

The operational costs in this MCA relate to the ongoing property running costs and associated depreciation. The running costs largely comprise property maintenance and landlord-related service charges (for example, utilities, security and insurance). The maintenance programme and other property-related expenditures are managed by the London-based property manager Jones Lang LaSalle.

Performance measure Target for 2015/16 Performance for
2015/16
Forecast for 2016/17

Property Management

     
An exemption was granted under s15D(2)(b)(iii) of the Public Finance Act 1989 as the annual expenditure under this appropriation was less than $5 million. Exempt N/A Exempt

Operational Costs

     
An exemption was granted under s15D(2)(b)(iii) of the Public Finance Act 1989 as the annual expenditure under this appropriation was less than $5 million. Exempt Expenditure in 2015/16 exceeded the limit of the exemption. Accordingly, additional commentary on work undertaken under this appropriation has been included above this year. Exempt

Capital Expenditure

     
An exemption was granted under s15D(2)(b)(iii) of the Public Finance Act 1989 as the annual expenditure under this appropriation was less than $15 million. Exempt N/A Exempt
2015
Actual
$000
Non-departmental 2016
Actual
$000
2016
Main Estimates
$000
2016
Supp. Estimates
$000
2017 Unaudited Forecast
as per BEFU 2016
$000
10,650 Total appropriation 11,145 14,750 17,360 16,650
 

Non-departmental output expenses

       
253 Property management 207 1,000 800 1,000
 

Non-departmental other expenses

       
10,207 Operational costs 10,777 13,000 13,900 13,000
190 Renegotiation of lease arrangements 161 - 410 1,900
- Capital expenditure - 750 2,250 750

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