Statement of Forecast Financial Performance for Non-Departmental Activities Administered by the Ministry of Economic Development

This Document is Archived

Statement of Intent 2004-2007

[ Last Updated 16 January 2006 ]

for the Year Ending 30 June 2005

	2003/2004 Budget²⁸	2003/2004 Estimated Actual	2004/2005 Forecast
	$000	$000	$000
Revenue
Tax	82,000	82,000	77,400
Non-tax	93,197	92,625	88,487
Total Revenue	175,197	174,625	165,887
Expenses
Output Classes	270,510	254,510	314,566
Other expenses to be incurred by the Crown	102,919	102,860	100,540
Other expenses to be incurred by the Crown - Multi-year appropriation	-	-	18,875
Depreciation	3,145	3,145	18,672²⁹
Total Expenses	376,574	(185,890)	452,633
Net Surplus/(Deficit)	(201,377)	360,515	(286,766)

²⁸This column incorporates both Main Estimates and Supplementary Estimates appropriations for 2003/2004.

²⁹The amount forecast for depreciation and the physical assets balance varies from that reported in the consolidated Budget Economic Fiscal Update, and better reflects the forecast operational period for reserve generation. This amount is not appopriated but the net book value forms part of the Crown's over financial position. The corresponding impact has resulted in the forecast annual depreciation charge increase by $9.099 million, and the closing physical asset balance has increased by $4.617 million.

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Printed: 26/11/2009