Departmental Forecast Report
for the year ending 30 June 2003
Part A - Introduction and Highlights
The Minister of Defence is the Responsible Minister for the Ministry of Defence
Purpose
The Ministry of Defence supports the Government in protecting New Zealand's territorial sovereignty and meeting its responsibilities for the maintenance of regional and global security.
Forecast Financial Statements
These statements include:
- a statement of responsibility signed by the Secretary of Defence and the Chief Financial Officer in respect of the statements contained in this report;
- a forecast statement of financial performance for the Ministry of Defence for the year ending 30 June 2003;
- a forecast statement of financial position for the Ministry of Defence as at 30 June 2003;
- a statement of cash flows for the year ending 30 June 2003;
- two reconciliation statements, providing information on the movement in taxpayers' funds, and analysis of significant differences between net surplus/(deficit) in the statement of financial performance and net cash flows from operating activities in the statement of cash flows;
- a statement of objectives covering financial and output performance, including key financial measures, and quantity, quality, timeliness and cost information for the output classes to be supplied by the Ministry of Defence; and
- a statement of accounting policies.
Financial highlights
| 2001/02 Budgeted $000 |
2001/02 Estimated actual $000 |
2002/03 Budget $000 |
|
| (A) Departmental Activities | |||
|---|---|---|---|
| Revenue: Crown | 8,103 | 8,103 | 8,271 |
| Revenue: Other | 1,114 | 1,114 | 2,146 |
| Interest | 15 | 15 | - |
| Output expenses | 9,217 | 8,917 | 10,417 |
| Net surplus | 15 | 315 | - |
| Taxpayers' funds | 1,555 | 1,555 | 1,555 |
| Net cash flows from operating, investing and financing activities | (703) | (403) | 5 |
| (B) Crown Activities | |||
| Purchase or development of capital assets on behalf of the Crown - | |||
| Defence equipment | 177,361 | 177,361 | 200,693 |
| GST on defence equipment | 35,424 | 35,424 | 11,718 |
| 212,785 | 212,785 | 212,411 | |
| Crown revenue and receipts - | |||
| Recovered from NZ Defence Force | 280,071 | 280,071 | 197,985 |
| Interest on foreign currency investments | 900 | 900 | 600 |
| 280,971 | 280,971 | 198,585 |
