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Schedule of Expenses

for the year ended 30 June 2016

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 84 to 86.

Schedule of Assets and Liabilities
2015
Actual
$000
Note 2016
Actual
$000
2016
 Main Estimates
$000
2016
Supp. Estimates
$000

Vote Finance

   
603 Non-departmental output expenses   7,905 679 8,562
5,030 Non-departmental multi-category output expenses   9,413 13,930 12,730
3,619,582 Debt servicing 3(a) 3,409,180 3,391,920 3,424,513
1,220,709 Non-departmental annual other expenses   951,850 763,535 1,200,702
- Non-departmental multi-category other expenses   49,615 15,200 285,484

Re-measurements:

       
2,049,000 Government Superannuation Fund revaluation: actuarial loss*   2,028,000 - 898,000
25,134 Change in NPF DBP(A) Scheme provision under Crown Guarantee*   65,315 - -
5,450 Change in Southern Response Earthquake Services Limited (SRESL) provision 5 7,364 808 7,363
15,694 Change in Solid Energy New Zealand Limited  Rehabilitation Indemnity Provision 6 (54,364) (34,990) (54,364)
- Foreign exchange losses incurred by the Treasury 1 17,895 - 3,599
- Foreign exchange losses incurred by NZDMO   - - 1,000
8,758 Other re-measurements incurred by the Treasury   15,661 - -
3,000 Fair value losses and write-downs incurred by NZDMO 18,912 84,000 42,000
6,952,960 Total non-departmental expenses   6,526,746 4,235,082 5,829,589

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 2016.

*Details on GSF and NPF-related balances are presented in the note: Retirement Plan Liabilities and Provisions to Financial Statements of the Government of New Zealand for the year ended 30 June 2016 respectively.

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