Schedule of Non-Departmental Activities for the Year Ended 30 June 2006
The Ministry of Economic Development administered the following non-departmental appropriations during 2005/06:
- Output expenses across six Votes (Economic, Industry and Regional Development; Commerce; Communications; Consumer Affairs; Energy; and Tourism) totalling $322.464 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 the New Zealand Tourism Board.
- Other expenses across five Votes (Economic, Industry and Regional Development; Commerce; Communications; Energy; and Tourism) totalling $201.494 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 $20.946 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 $13.909 million.
- Capital investments in one Vote (Economic, Industry and Regional Development) to the Venture Investment Fund and New Zealand Trade and Enterprise ($40.288 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 expenses 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 expenses.
The Ministry also collected $249.583 million of Crown revenue in 2005/06, with the major portion coming from energy resource levies, petroleum royalties and electricity line businesses levies.
The following information in the Schedule of Revenue and Expenditure, Schedule of Assets and Liabilities, Schedule of Non-Departmental Revenue, Schedule of Non-Departmental Expenditure and Appropriations, Schedule of Non-Departmental Commitments and Schedule of Non-Departmental Contingent Liabilities 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 Statements of the Government for the year ended 30 June 2006.
Comparative Information
The comparative information presented in the following statements has been presented on a GST inclusive basis. This comparative information has not been restated to exclude GST, as approved appropriations for the 2005 financial year were made on a GST inclusive basis, and any restatement of the comparative information would not reflect these approved appropriations.
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