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• 1999/2000

• Revenue
• Output Expenses
• Equity

The following explains the most significant movements in actual results between 1999/2000 and 2000/2001 for departmental activities.

Revenue

Revenue Crown earned for departmental outputs has increased by $6.406 million, mainly due to:

• funding in 2000/2001 for additional new responsibilities for the Ministry of Economic Development as primary advisor to the Government on issues relating to economic development and industry and regional development as well as transitional costs associated with establishing Industry NZ (Votes: Economic Development and Industry and Regional Development);
• additional policy advice on the ongoing harmonisation of New Zealand law with that of our trading partners in respect of electronic commerce and enhancing policy to Government on e-commerce issues (Vote: Commerce);
• an increase in funding for the Government Superannuation Fund (GSF) to offset funding previously recovered from the Fund that was not consistent with legislation and future funding to ensure that operating expenses are met in accordance with the GSF Act (Vote: GSF);
• an increase in funding for the GSF to implement activities associated with Government's decision to change the governance of the GSF to a Crown Entity (Vote: GSF); and
• the transfer of Vote: Sport, Fitness and Leisure and Vote: Tourism, both from the Department of Internal Affairs.

These changes are offset by the following reduction in activities between 1999/2000 and 2000/2001:

• the completion of the Year 2000 readiness programme (Vote: Communications);
• the establishment of the Energy Efficiency and Conservation Agency (EECA) as a stand-alone Crown entity from 1 July 2000;
• the transfer of the Industrial Supplies Office to Industry NZ from October 2000; and
• additional funding for work principally undertaken during 1999/2000 for the electricity inquiry and the telecommunications inquiry, although some work continued during the first part of 2000/2001 (Vote: Energy and Vote: Communications).

Revenue Other earned for departmental outputs has increased by $1.763 million mainly due to:

• one-off sponsorship for E-Summit with corresponding seminar fees (Vote: Commerce);
• revenue for corporate overhead and accommodation support services provided by the Ministry of Economic Development to Industry NZ in its establishment year (all Votes); and
• an increase in fees for processing greater-than-anticipated trade mark applications, a greater number of new company incorporations and an increased usage of the Motor Vehicles Securities Register (Vote: Commerce).

This has been offset by third party revenue that was received in 1999/2000 by EECA for the implementation of energy efficiency measures. EECA became a stand-alone Crown entity from 1 July 2000 (Vote: Energy).

Output Expenses

Output expenses have increased by $7.269 million, mainly due to the corresponding expenses associated with the changes referred to above.

Equity

Taxpayers' Funds have increased by $0.114 million, reflecting the following movements:

• Capital contributions for the development of the Personal Property Securities Register, and from the Department of Internal Affairs for accumulated depreciation on fixed assets and other assets and liabilities associated with the transfer of the Office of Tourism and Sport.
• Capital withdrawal of EECA-related assets and liabilities following its establishment as a stand-alone Crown entity from 1 July 2000.
• Removal of the revaluation reserve due to a write down of leasehold improvement assets in excess of the opening value of the revaluation reserve.