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• 1999/2000

• Revenue
• Output Expenses
• Equity

The following explains the most significant movements in actual results between 2001/2002 and 2000/2001 for departmental activities:

Revenue

Revenue Crown earned for departmental outputs has decreased by $7.411 million, mainly due to:

• the transfer, from 2 October 2001, of the Government Superannuation Fund (GSF) to the GSF Authority, a new Crown Entity that is administered through Vote: Finance;
• the transfer of Vote: Sport, Fitness and Leisure to the Ministry of Culture and Heritage from 1 January 2002;
• activities of the Industrial Supplies Office transferred to Industry NZ in 2000/2001;
• the establishment of Industry NZ in 2000/2001, a Crown Entity that is administered through Vote: Industry and Regional Development; and
• one-off costs for the Ministerial Inquiry into Telecommunications in 2000/2001.

These changes are offset by the following increased activity between 2001/2002 and 2000/2001 in:

• Policy Advice: Tourism relating to additional research projects undertaken, implementation of the Tourism strategy (IVA research project) and promotion of The Lord of the Rings and America's Cup 2003.

Revenue Other earned for departmental outputs has decreased by $2.409 million mainly due to:

• lower fees being charged in Registration and Provision of Statutory Information (Vote: Commerce) as a result of the fees being reviewed during 2001/2002;
• Government Superannuation Fund activity being transferred to the GSF Authority from 2 October 2001;
• a reduction in radio frequency and radio application licence fees as a result of removal of maritime requirements and VHF TV licenses due for renewal in May and June have not been charged pending the outcome of the latest auction round;
• e-commerce summit recoveries in 2000/2001 but no conference in 2001/2002 and reduced seminar fees from less seminars conducted (Vote: Commerce, Policy Advice - Business and Competition); and
• the Official Assignee managing fewer liquidations with assets from which to pay commissions. A review of the commission rates is underway (Vote: Commerce, Administration of Insolvencies).

These changes are offset mainly due to the following increased activity between 2001/2002 and 2000/2001 in:

• electrical and gas levies due to increased activity in both these areas; and
• minerals conference recoveries in 2001/2002 where no conference was held in 2000/2001 (Vote: Energy, Management of the Crown Mineral Estate).

Output Expenses

Output expenses have decreased by $6.757 million, mainly due to the corresponding expenses associated with the changes referred to above.

Equity

Taxpayers' Funds have increased by $0.472 million, reflecting the following movements:

• capital contributions for the development of the Personal Property Securities Register.
• capital withdrawal of Government Superannuation Fund Authority related assets and liabilities following its establishment as a stand-alone Crown entity from 2 October 2001.