Annual Report for the year ended 30 June 2007
Part 3: Departmental financial statements (continued)
Statement of financial performance
For the year ended 30 June 2007
| Note | 30/6/2006 Actual $000 | 30/6/2007 Actual $000 |
30/6/2007 Main estimates $000 |
30/6/2007 Supp. estimates $000 |
|
|---|---|---|---|---|---|
| Revenue | |||||
| Crown | 2 | 8,673 | 9,502 | 9,502 | 9,502 |
| Other | 3 | 368 | 419 | 144 | 455 |
| Total revenue | 9,041 | 9,921 | 9,646 | 9,957 | |
| Expenditure | |||||
| Personnel costs | 4 | 5,005 | 5,599 | 5,628 | 5,683 |
| Operating costs | 5 | 2,975 | 3,164 | 3,428 | 3,796 |
| Depreciation | 6 | 346 | 267 | 370 | 327 |
| Capital charge | 7 | 124 | 151 | 220 | 151 |
| Total expenses | 8,450 | 9,181 | 9,646 | 9,957 | |
| Net operating surplus | 591 | 740 | - | - |
The accompanying accounting policies and notes form part of these financial statements.
Statement of movements in taxpayers' funds
For the year ended 30 June 2007
| 30/6/2006 Actual $000 | 30/6/2007 Actual $000 |
30/6/2007 Main estimates $000 |
30/6/2007 Supp. estimates $000 |
|
|---|---|---|---|---|
| Taxpayers' funds brought forward as at 1 July | 1,555 | 1,555 | 1,555 | 1,555 |
| Net operating surplus/(deficit) | 591 | 740 | - | - |
| Total recognised revenues and expenses for the year | 591 | 740 | 1,861 | 1,861 |
| Provision for repayment of surplus to the Crown | (591) | (740) | - | - |
| Capital contributions | - | 1,861 | 1,861 | 1,861 |
| Taxpayers' funds as at 30 June | 1,555 | 3,416 | 3,416 | 3,416 |
The accompanying accounting policies and notes form part of these financial statements.
Statement of financial position
As at 30 June 2007
| Note | 30/6/2006 Actual $000 | 30/6/2007 Actual $000 |
30/6/2007 Main estimates $000 |
30/6/2007 Supp. estimates $000 |
|
|---|---|---|---|---|---|
| Taxpayer's funds | |||||
| Taxpayer's funds | 1,555 | 3,416 | 3,416 | 3,416 | |
| Total taxpayer's funds | 1,555 | 3,416 | 3,416 | 3,416 | |
| Represented by: Current assets | |||||
| Cash | 1,873 | 2,444 | 631 | 1,205 | |
| Prepayments | - | 13 | 14 | 14 | |
| Debtors and receivables | 8 | 164 | 206 | 2 | 60 |
| Total current assets | 2,037 | 2,663 | 647 | 1,279 | |
| Non current assets | |||||
| Property, plant and equipment | 9 | 1,239 | 2,776 | 3,649 | 3,017 |
| Total non-current assets | 1,239 | 2,776 | 3,649 | 3,017 | |
| Total assets | 3,276 | 5,439 | 4,296 | 4,296 | |
| Current liabilities | |||||
| Creditors and payables | 10 | 526 | 725 | 335 | 335 |
| Provision for repayment of surplus to the Crown | 591 | 740 | - | - | |
| Provision for employee entitlements | 11 | 433 | 370 | 310 | 310 |
| Total current liabilities | 1,550 | 1,835 | 645 | 645 | |
| Non-current liabilities | |||||
| Provision for employee entitlements | 11 | 171 | 188 | 235 | 235 |
| Total liabilities | 1,721 | 2,023 | 880 | 880 | |
| Net assets | 1,555 | 3,416 | 3,416 | 3,416 |
The accompanying accounting policies and notes form part of these financial statements.
Statement of cash flows
For the year ended 30 June 2007
| 30/6/2006 Actual $000 | 30/6/2007 Actual $000 |
30/6/2007 Main estimates $000 |
30/6/2007 Supp. estimates $000 |
|
|---|---|---|---|---|
| Cash flows - operating activities Cash provided from: |
||||
| Crown | 8,673 | 9,502 | 9,502 | 9,502 |
| Customers | 368 | 419 | 144 | 455 |
| 9,041 | 9,921 | 9,646 | 9,957 | |
| Cash disbursed to produce outputs: |
||||
| Personnel | (4,840) | (5,590) | (5,628) | (5,683) |
| Operating | (2,764) | (3,296) | (3,428) | (4,547) |
| Net GST paid | 104 | 16 | - | - |
| Capital charge | (124) | (151) | (220) | (151) |
| (7,624) | (9,021) | (9,276) | (10,381) | |
| Operating activities net cash flows | 1,417 | 900 | 370 | 424 |
| Cash flows - investing activities |
||||
| Cash provided from: |
||||
| Sale of fixed assets | - | 6 | - | - |
| Cash disbursed for: |
||||
| Purchase of fixed assets | (906) | (1,605) | (3,000) | (2,105) |
| Investing activities net cash flows | (906) | (1,599) | (3,000) | (2,105) |
| Cash flows - financiing activities |
||||
| Cash provided from: |
||||
| Capital contributions | - | 1,861 | 1,861 | 1,861 |
| Cash disbursed for: |
||||
| Repayment of surplus | (544) | (591) | - | - |
| Financing activities net cash flows | (544) | 1,270 | 1,861 | 1,861 |
| Net increase/(decrease) in cash held |
(33) | 571 | (769) | (668) |
| Add opening cash and deposits |
1,906 | 1,873 | 1,400 | 1,873 |
| Closing cash and deposits | 1,873 | 2,444 | 631 | 1,205 |
The accompanying accounting policies and notes form part of these financial statements.
Reconciliation of net operating surplus to net cash flow from operating activities
For the year ended 30 June 2007
| 30/6/2006 Actual $000 | 30/6/2007 Actual $000 |
30/6/2007 Main estimates $000 |
30/6/2007 Supp. estimates $000 |
|
|---|---|---|---|---|
| Net operating surplus/(deficit) | 591 | 740 | - | - |
| Add/(Less) non-cash items |
||||
| Depreciation | 346 | 267 | 370 | 327 |
| Inc/(Dec) in non-current employee entitlements | (72) | 17 | - | - |
| Total non-cash items | 274 | 284 | 370 | 327 |
| Working capital movements |
||||
| (Inc)/Dec in debtors and receivables | (71) | (42) | - | 104 |
| (Inc)/Dec in prepayments | 82 | (13) | - | (14) |
| Inc/(Dec) in creditors and payables | 331 | (6) | - | (828) |
| Inc/(Dec) in current employee entitlements | 210 | (63) | - | (13) |
| Working capital movements - net |
552 | (124) | - | (751) |
| Net cash flow from operating activities | 1,417 | 900 | 370 | (424) |
The accompanying accounting policies and notes form part of these financial statements.
Statement of commitments
As at 30 June 2007
| 30/6/2006 Actual $000 | 30/6/2007 Actual $000 |
|
|---|---|---|
| Operating commitments Non-cancellable accommodation leases |
||
| Less than one year | - | 457 |
| One to two years | - | 457 |
| Two to five years |
- | 1,370 |
| More than five years |
- | 5,785 |
| Total operating commitments |
- | 8,069 |
The Ministry has no commitments for future payments to be incurred in capital contracts that have been entered into at balance date (30 June 2006 = nil.)
Statement of contingent assets and liabilities
As at 30 June 2007
The Ministry does not have any contingent assets or liabilities as at 30 June 2007. (30 June 2006 = Nil.)
No guarantees and indemnities have been given outside the normal course of business. (30 June 2006 = Nil.)
There are no claims against the Ministry at balance date. (30 June 2006 = Nil.)
Statement of unappropriated expenditure
For the year ended 30 June 2007
No expenditure has been made or costs incurred in excess of or without appropriation by Parliament. (There was no unappropriated expenditure at 30 June 2006.)
Statement of departmental expenditure and appropriations
For the year ended 30 June 2007
| 30/6/2007 Expenditure actual $000 |
30/6/2007 Final Appropriation voted1 $000 | |
|---|---|---|
| Vote: Defence Appropriations for classes of outputs |
||
| Policy advice | 3,712 | 3,980 |
| Audit and assessment of performance |
1,763 | 1,914 |
| Management of equipment procurement |
3,706 | 4,063 |
| Sub total |
9,181 | 9,957 |
| Approriation for capital contributions | 1,861 | 1,861 |
| Total | 11,042 | 11,818 |
(Figures are GST exclusive)
The accompanying accounting policies and notes form part of these financial statements.
