Statement of Unappropriated Expenditure for the Year Ended 30 June 2004
(Figures are GST inclusive where applicable)
The Statement of Unappropriated Expenditure details the amount of expenditure incurred above appropriation.
2003
Actual | | 2004
Actual | 2004
Appro-
priation
Voted | 2004
Unappro-
priated
Expend-
iture |
| $000 | | $000 | $000 | $000 |
| | Vote: Economic, Industry and Regional Development | | | |
| | Non-Departmental Output Class | | | |
| 13,145 | Coordination and Facilitation of Sector Strategies | - | - | - |
| 8,375 | Delivery of Business Success and Outreach Programmes | - | - | - |
| | Vote: Commerce | | | |
| | Non-Departmental Other Expenses to be incurred by the Crown | | | |
| - | Commerce Commission Litigation Fund | 3,006 | 1,688 | 1,318 |
| | Vote: Energy | | | |
| | Non-Departmental Output Class | | | |
| 1,193 | Blenheim Wells | - | - | - |
This statement is to be read in conjunction with the Statement of Accounting Policies and Notes to the Financial Statements.
Vote: Commerce
During the financial year the Commerce Commission has been faced with a number of high cost court processes. Two key matters were for the Ophthalmological Society and the Air New Zealand/Qantas proposed merger.
The Ophthalmological Society trial lasted 5 weeks and in March 2004 the Court concluded that there was a breach. The Air New Zealand/Qantas proposed merger is set down for trial in July 2004 and significant preparatory work began in the second quarter of 2004. Additionally smaller actions relating to Carter Holt Harvey and Bay of Plenty Electrical have been undertaken.
The financial implications were not able to be incorporated in the Supplementary Estimates due to significant costs incurred in the last quarter of the year after the deadline for Supplementary Estimates submissions.
The Minister of Finance has approved $818,000 of this unappropriated expenditure in terms of section 12 of the Public Finance Act 1989. The remaining $500,000 requires validating legislation.
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