Schedules of Non-Departmental Activities for the Year Ended 30 June 2005
The Ministry of Economic Development administered the following non-departmental appropriations during 2004/2005:
- Output classes across six Votes (Economic, Industry and Regional Development; Commerce; Communications; Consumer Affairs; Energy; and Tourism) totalling $293.308 million for services supplied by the Commerce Commission, Securities Commission, Accounting Standards Review Board, Takeovers Panel, Telecommunications Commission, New Zealand Trade and Enterprise, local and national delivery organisations for industry and regional development programmes, and New Zealand Tourism Board;
- Other expenses across five Votes (Economic, Industry and Regional Development; Commerce; Communications; Energy; and Tourism) totalling $109.016 million for contributions to international organisations, Ministry of Energy residual liabilities, Regional Development Programme initiatives, Industry Specialist and Feasibility Grants, Business Success and Outreach Schemes, and other grants and expenses;
- Other expenses as Multi-Year Appropriations across two Votes (Economic, Industry and Regional Development; and Energy) totalling $16.938 million for Regional Development Programme initiatives, Acquisition of Petroleum Exploration Data and a recovery from the operations of the Whirinaki power station;
- Depreciation expense across three Votes (Communications, Energy and Tourism) totalling $12.392 million; and
- Capital investments in one Vote (Economic, Industry and Regional Development) to New Zealand Trade and Enterprise ($1.850 million) for upgrading and further developing NZTE's offshore IT and communications networks in order to increase the government's international market development capability.
While the Ministry is responsible for making payments for services supplied under non-departmental output classes and, on behalf of the relevant Vote Minister, for monitoring the performance of non-departmental providers, these providers are directly accountable to Ministers for their performance in supplying non-departmental output classes.
The Ministry also collected $187.379 million of Crown revenue in 2004/2005, with the major portion coming from energy resource levies, petroleum royalties, and electricity line businesses levies.
The following information on the pages Schedules of Non-Departmental Activities for the Year Ended 30 June 2005, Schedule of Revenue and Expenditure for the Year Ended 30 June 2005, Schedule of Assets and Liabilities as at 30 June 2005, Schedule of Non-Departmental Revenue for the Year Ended 30 June 2005,Schedule of Non-Departmental Expenditure and Appropriations for the Year Ended 30 June 2005,Schedule of Non-Departmental Commitments as at 30 June 2005 and Schedule of Non-Departmental Contingent Liabilities as at 30 June 2005, is provided to give readers a better understanding of the nature and scope of the Crown activities administered or undertaken by the Ministry of Economic Development. For a full understanding of the Crown's financial position and the results of its operations for the period, reference should be made to the consolidated audited Crown Financial Statements for the year ended 30 June 2005.
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