Statement of Forecast Movements in Taxpayers' Funds
FOR THE YEAR ENDING 30 JUNE 2008
| ACTUAL 30 JUNE 2006 $(000) |
BUDGET 30 JUNE 2007 $(000) |
ESTIMATED ACTUAL 30 JUNE 2007 $(000) |
FORECAST 30 JUNE 2008 $(000) | |
|---|---|---|---|---|
| Taxpayers' Funds at Start of Period | 15,512 | 24,092 | 24,092 | 26,204 |
| Net surplus/(deficit) | (1,437) | (60) | (985) | (60) |
| Increase in revaluation reserves | - | 1,400 | 1,400 | - |
| Total Recognised Revenues and Expenses for the Period: | (1,437) | 1,340 | 415 | (60) |
| Provision for payment of surplus to the Crown | (14) | - | - | - |
| Capital contributions for: | ||||
|
- | - | - | 2,000 |
|
- | - | - | 1,184 |
|
- | 1,145 | 1,145 | |
|
2,191 | 1,250 | 1,250 | - |
|
575 | 575 | 575 | - |
|
7,691 | - | - | - |
|
169 | - | - | - |
| Capital withdrawn | (595) | (595) | (595) | (595) |
| Taxpayers' Funds at the End of the Period | 24,092 | 27,807 | 26,882 | 28,733 |
The forecast financial statements for 2007/08 have been prepared in accordance with NZ GAAP and comply with NZ IFRS and other applicable financial reporting standards, as appropriate for public benefit entities. The comparative figures for 2005/06 and 2006/07 have been prepared under current GAAP and have not been restated to comply with NZ IFRS.
The Statement of Accounting Policies should be read in conjunction with these financial statements.
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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