Statement of Unappropriated Expenditure for the Year Ended 30 June 2007
(Figures are GST inclusive where applicable)
The Statement of Unappropriated Expenditure details the amount of expenditure incurred above appropriation.
2006
Unappropriated Expenditure
$000 |
|
2007
Actual
$000 |
2007
Appropriation Voted
$000 |
2007
Unappropriated Expenditure
$000 |
|
Vote Economic, Industry and Regional Development |
|
|
|
|
Non-Departmental Output Expenses |
|
|
|
| 261 |
Enabling Services – Promotion of New Zealand Business and Development of Investment Opportunities |
|
|
- |
| 1 |
Foundation Services – Business Information and Advice |
9,108 |
9,083 |
25 |
| 1,366 |
Growth Services – Customised Information and Advice |
12,570 |
12,430 |
140 |
| 1,519 |
Growth Services – Identifying and Leveraging New Business Opportunities |
28,931 |
26,946 |
1,985 |
| 689 |
New Zealand's Participation At Expo 2005 Aichi, Japan |
|
|
- |
|
Non-Departmental Other Expenses to be Incurred by the Crown |
|
|
|
| 9,126 |
Large Budget Screen Production Fund |
|
|
- |
|
Vote Energy |
|
|
|
|
Departmental Output Expenses |
|
|
|
| 477 |
Energy and Resource Information Services – Management and Funding of IEA Oil Stocks |
|
|
- |
|
Capital Expenditure |
|
|
|
| 9 |
Development of Reserve Electricity Generation Capacity |
|
|
- |
Vote Economic, Industry and Regional Development
Non-Departmental Output Expense: Foundation Services – Business Information and Advice
The unappropriated expenditure is a consequence of the higher than budgeted amount of overheads required to deliver business information and advice services.
Non-Departmental Output Expense: Growth Services – Customised Information and Advice
The unappropriated expenditure is a consequence of the higher than forecast cost of maintaining New Zealand Trade and Enterprise's offshore network. In particular:
- overseas rent and personnel costs were higher than anticipated, especially in relation to statutory inflation-based adjustments to wages in some countries;
- the secondment costs of transfers from New Zealand to overseas offices were higher than anticipated; and
- the cost of redundancies was forecast to be covered by savings in travel costs, but these travel savings were not fully achieved.
Non-Departmental Output Expense: Growth Services – Identifying and Leveraging New Business Opportunities
The unappropriated expenditure is a consequence of the higher than forecast cost of maintaining New Zealand Trade and Enterprise's offshore network. In particular:
- overseas rent and personnel costs were higher than anticipated, especially in relation to statutory inflation-based adjustments to wages in some countries;
- the secondment costs of transfers from New Zealand to overseas offices were higher than anticipated; and
- the cost of redundancies was forecast to be covered by savings in travel costs, but these travel savings were not fully achieved.
This statement is to be read in conjunction with the Statement of Accounting Policies and Notes to the Financial Statements.
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