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• Revenue
• Output Expenses
• Equity

The following explains the most significant movements in actual results between 2003/2004 and 2002/2003 for departmental activities:

Revenue

Revenue Crown earned for departmental outputs has increased by $7.709 million, mainly due to additional funding being provided for:

• increased policy advice and co-ordination of the Growth and Innovation Framework;
• the full year impact of supporting the portfolio of the Minister for Small Business;
• undertaking an Infrastructure stock-take in order to assess whether existing policy settings are maximising the contribution of infrastructure to sustainable development;
• the full year impact of building policy functions within the Ministry of Economic Development;
• the establishment and ongoing policy advice relating to the proposed Charities Commission;
• supporting for WTO negotiations and bilateral Closer Economic Partnership/Free Trade Agreements;
• increased investment for Regulatory Impact Statements/Business Compliance Cost Statements reviews.
• energy policy and forecasting work to support delivery of advice on issues associated with gas and electricity market developments, reserve generation, and the establishment of the Electricity Commission;
• additional work on modelling of electricity supply risks and publication of security forecasts;
• tourism data, research and dissemination programme; and tourism policy capability expansion; and
• one-off funding in 2003/2004 for an economic impact study of the America's Cup 2007 event.

These changes are partly offset by the following decreased activity between 2003/2004 and 2002/2003 resulting from:

• one-off funding in 2002/2003 for events related to the America's Cup; and
• management responsibilities for the Wairakei Park forest being transferred to Vote Agriculture and Forestry from 2003/2004.

Revenue Other earned for departmental outputs has increased by $3.448 million mainly due to:

• the introduction of the Motor Vehicle Sales Act 2003 in December 2003 and fees from motor vehicle trader registrations;
• increased annual return and internet searching fees reflected in growth in the number of company incorporations and in PPSR activity;
• increases in volumes of trade mark applications, patent applications and patent renewals;
• increased levy income from increased volumes for petroleum and gas;
• increases in the numbers of audits conducted by the Electrical Workers' Licensing Group resulting in increased revenue from electrical workers' practising licence fees and compliance certificates; and
• one-off sponsorship revenue from the Petroleum Conference held in the 2003/2004 financial year.

These changes are partly offset mainly due to the following decreased activity between 2003/2004 and 2002/2003 in:

• lower than expected revenue from RTRWVHF fees for both radio and television, resulting from the impact of new fees, offset in part by the impact of the unearned income received in the previous year but recognised in 2003/2004; and
• levy income from decreased volumes for electricity.

Output Expenses

Output expenses have increased by $7.205 million, mainly due to the corresponding expenses associated with the changes referred to above.

Equity

Taxpayers' Funds have increased by $1.121 million, reflecting an additional capital contribution in 2003/2004 for the development of the Motor Vehicle Traders register and further upgrades of the Companies Office Electronic Register (REGIS) to a web browser based system.