Annual Report for the year ended 30 June 2009
Part 4: Departmental financial statements
Statement of financial performance
For the year ended 30 June 2009
| Note | Actual 2008 $000 |
Actual 2009 $000 |
Main estimates 2009 $000 |
Supp estimates 2009 $000 |
|
|---|---|---|---|---|---|
| Income | |||||
| Revenue Crown | 9,398 |
9,688 |
9,398 |
9,688 |
|
| Revenue other | 2 | 233 |
273 |
203 |
1,654 |
| Total income | 9,631 |
9,961 |
9,601 |
11,342 |
|
| Expenditure | |||||
| Personnel expenses | 3 | 6,204 |
6,485 |
6,622 |
6,612 |
| Operating expenses | 5 | 2,754 |
5,179 |
2,352 |
4,202 |
| Depreciation and amortisation expense | 7,8 | 262 |
272 |
371 |
272 |
| Capital charge | 4 | 256 |
256 |
256 |
256 |
| Total expenditure | 9,476 |
12,192 |
9,601 |
11,342 |
|
| Net operating surplus /(deficit) | 155 |
(2,231) |
- |
- |
The accompanying notes form part of these financial statements.
Statement of financial position
As at 30 June 2009
| Note | Actual 2008 $000 |
Actual 2009 $000 |
Main estimates 2009 $000 |
Supp estimates 2009 $000 |
|
|---|---|---|---|---|---|
| Assets Current assets |
|||||
| Cash and cash equivalents | 1,917 | 2,074 | 1,318 | 1,642 | |
| Debtors and other receivables | 6 | 195 | 169 | 250 | 245 |
| Prepayments | 14 | 0 | 13 | 15 | |
| Total current assets | 2,126 | 2,243 | 1,581 | 1,902 | |
| Non-current assets | |||||
| Property, plant and equipment | 7 | 2,510 | 2,493 | 2,662 | 2,563 |
| Intangible assets | 8 | 148 | 176 | 143 | 198 |
| Total non-current assets | 2,658 | 2,669 | 2,805 | 2,761 | |
| Total assets | 4,784 | 4,912 | 4,386 | 4,663 | |
| Liabilities Current liabilities |
|||||
| Creditors and other payables | 9 | 628 | 3,043 | 317 | 617 |
| Repayment of surplus | 10 | 155 | - | - | - |
| Employee entitlements | 11 | 375 | 412 | 425 | 400 |
| Total current liabilities | 1,158 | 3,455 | 742 | 1,017 | |
| Non-current liabilities | |||||
| Employee entitlements | 11 | 210 | 272 | 228 | 230 |
| Total non-current liabilities | 210 | 272 | 228 | 230 | |
| Total liabilities | 1,368 | 3,727 | 970 | 1,247 | |
| Net assets | 3,416 | 1,185 | 3,416 | 3,416 | |
| Taxpayer's funds | |||||
| General funds | 12 | 3,416 | 1,185 | 3,416 | 3,416 |
| Total taxpayers' funds | 3,416 | 1,185 | 3,416 | 3,416 |
The accompanying notes form part of these financial statements.
Statement of changes in taxpayers' funds
For the year ended 30 June 2009
| Note | Actual 2008 $000 |
Actual 2009 $000 |
Main estimates 2009 $000 |
Supp estimates 2009 $000 |
|
|---|---|---|---|---|---|
| Balance at 1 July | 3,416 | 3,416 | 3,416 | 3,416 | |
| Surplus/(deficit) for the year | 155 | (2,231) | - | - | |
| Total recognised income and expense | 155 | (2,231) | - | - | |
| Repayment of surplus to the Crown | 10 | (155) | - | - | - |
| Capital contribution | - | - | - | - | |
| Balance at 30 June | 12 | 3,416 | 1,185 | - | 3,416 |
The accompanying notes form part of these financial statements.
Statement of cash flows
For the year ended 30 June 2009
| Note | Actual 2008 $000 |
Actual 2009 $000 |
Main estimates 2009 $000 |
Supp estimates 2009 $000 |
|
|---|---|---|---|---|---|
| Cash flows from operating activities |
|||||
| Receipts from Crown | 9,398 | 9,688 | 9,398 | 9,688 | |
| Receipts from revenue other | 250 | 278 | 203 | 1,654 | |
| Payments to employees | (6,095) | (6,386) | (6,278) | (6,359) | |
| Payments to suppliers | (2,374) | (2,724) | (2,759) | (4,847) | |
| Payments for capital charge | (256) | (256) | (256) | (256) | |
| Goods and services tax (net) | (1) | (5) | - | 120 | |
Net cash from operating activities |
13 | 562 | 595 | 308 | - |
| Cash flows from investing activities |
|||||
| Receipts from sale of property, plant and equipment | - | - | - | - | |
| Purchase of property, plant and equipment | (323) | (206) | (350) | (275) | |
| Purchase of intangible assets | (26) | (77) | - | - | |
| Net cash from investing activities | (349) | (283) | (350) | (275) | |
| Cash flows from financing activities |
|||||
| Capital contribution |
- | - | - | - | |
| Repayment of surplus | (740) | (155) | (244) | - | |
| Net cash from financing activities | (740) | (155) | (244) | - | |
| Net increase/(decrease) in cash |
(527) | 157 | (286) | (275) | |
| Cash at the beginning of the year | 2,444 | 1,917 | 1,604 | 1,917 | |
| Cash at the end of the year | 1,917 | 2,074 | 1,318 | 1,642 |
The Goods and Services Tax (net) component of operating activities reflects the net GST paid and received with the Inland Revenue Department. The Goods and Services Tax (net) component has been presented on a net basis, as the gross amounts do not provide meaningful information for financial statement purposes.
The accompanying notes form part of these financial statements.
Statement of commitments
As at 30 June 2009
Capital commitments
Capital commitments are the aggregate amount of capital expenditure contracted for the acquisition of property, plant and equipment and intangible assets that have not been paid for or not recognised as a liability at the balance sheet date.
The Ministry has no capital commitments (2008 = Nil).
Non-cancellable operating lease commitments
The Ministry leases property, plant and equipment in the normal course of its business. The lease of premises in Defence House has a non-cancellable leasing period of 18 years.
| Actual 2008 $000 |
Actual 2009 $000 |
|
|---|---|---|
| Non-cancellable operating lease commitments | ||
| Not later than one year | 457 | 457 |
| Later than one year and not later than two years | 457 | 457 |
| Later than two years and not later than five years |
1,370 | 1,370 |
| Later than five years |
5,328 | 4,871 |
| Total non-cancellable operating lease commitments | 7,612 | 7,155 |
| Total commitments |
7,612 | 7,155 |
The accompanying notes form part of these financial statements.
Statement of contingent liabilities and contingent assets
As at 30 June 2009
Contingent liabilities
The Ministry has no contingent liabilities (2008 = Nil).
Contingent assets
The Ministry has no contingent assets (2008 = Nil).
Guarantees and indemnities
No guarantees and indemnities have been given outside the normal course of business (2008 = Nil).
Statement of departmental output expenses against appropriations
For the year ended 30 June 2009
| Actual 2008 $000 |
Actual 2009 $000 |
Main estimates 2009 $000 |
Supp estimates 2009 $000 |
|
|---|---|---|---|---|
| Vote: Defence Appropriations for output expenses |
||||
| Policy advice | 4,003 | 4,075 | 3,959 | 4,242 |
| Audit and assessment of performance | 1,797 | 1,822 | 1,909 | 1,921 |
| Management of equipment procurement | 3,676 | 6,295 | 3,733 | 5,179 |
| Total appropriations for output expenses | 9,476 | 12,192 | 9,601 | 11,342 |
The accompanying notes form part of these financial statements.
Statement of departmental unappropriated expenditure and capital expenditure
For the year ended 30 June 2009
The Ministry had departmental unappropriated expenditure of $1.116m within the Management of equipment procurement. These costs relate to extended contract negotiations (2008 = Nil).
The Ministry is seeking approval through section 26C of the Public Finance Act.
