Statement of Forecast Financial Performance
for the Year Ending 30 June 2005
| 2003/04 | 2004/05 | ||
|---|---|---|---|
| Budgeted3 $(000) |
Estimated Actual $(000) |
Budget $(000) |
|
| Revenue | |||
| Crown | 144,874 | 132,494 | 122,385 |
| Departments | 992 | 1,266 | 992 |
| Other | 80,298 | 75,820 | 76,469 |
| Total Revenue | 226,164 | 209,580 | 199,846 |
| Expenses | |||
| Output Expenses | |||
| Personnel | 94,715 | 93,463 | 102,334 |
| Operating | 123,724 | 102,467 | 90,187 |
| Depreciation | 3,895 | 3,439 | 6,785 |
| Capital Charge | 330 | 345 | 540 |
| Total Output Expenses | 222,664 | 199,714 | 199,846 |
| Surplus/(Deficit) from Operations | 3,500 | 9,866 | - |
| Other Expenses | 60 | 60 | 60 |
| Net Surplus/(Deficit) | 3,440 | 9,806 | (60) |
The Statement of Accounting Policies should be read in conjunction with these financial statements.
Statement of Forecast Financial Position
as at 30 June 2005
| Actual Financial Position as at 30 June 2003 $(000) |
Estimated Financial Position as at 30 June 2004 $(000) |
Forecast Financial Position as at 30 June 2005 $(000) |
|
|---|---|---|---|
| Taxpayers'Funds | |||
| General Funds | 3,608 | 3,548 | 8,755 |
| Revaluation Reserve | 318 | 318 | 318 |
| Total Taxpayers'Funds | 3,926 | 3,866 | 9,073 |
| Represented by: | |||
| Current Assets | |||
| Cash | 27,685 | 17,097 | 12,171 |
| Prepayments | 293 | 400 | 400 |
| Inventory | 99 | 50 | 2,300 |
| Debtors and Receivables | 10,581 | 9,327 | 9,327 |
| Total Current Assets | 38,658 | 26,874 | 24,198 |
| Non-Current Assets | |||
| Fixed Assets | 14,362 | 21,523 | 22,620 |
| Total Assets | 53,020 | 48,397 | 46,818 |
| Current Liabilities | |||
| Creditors and Payables | 23,959 | 14,445 | 14,445 |
| Provision for Repayment of Surplus | 2,060 | 9,866 | - |
| Employee Entitlements | 9,593 | 7,000 | 10,000 |
| Unearned Revenue | 5,745 | 6,000 | 6,000 |
| Other Provisions | 909 | 420 | 350 |
| Total Current Liabilities | 42,266 | 37,731 | 30,795 |
| Non-Current Liabilities | |||
| Employee Entitlements | 6,129 | 6,500 | 6,650 |
| Other Provisions | 699 | 300 | 300 |
| Total Non-Current Liabilities | 6,828 | 6,800 | 6,950 |
| Total Liabilities | 49,094 | 44,531 | 37,745 |
| Net Assets | 3,926 | 3,866 | 9,073 |
The Statement of Accounting Policies should be read in conjunction with these financial statements.
3 This column incorporates both Main Estimates and Supplementary Estimates budgets for 2003/04.
Contact for Enquiries
Strategy and Performance Group
Ministry of Agriculture and Forestry
Pastoral House
25 The Terrace
PO Box 2526, Wellington
Tel: +64 4 894 0100
Fax: +64 4 894 0738
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