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INTRODUCTION/OVERVIEW

The following non-departmental statements and schedules record the revenue and receipts, expenses, assets and liabilities that the Ministry manages on behalf of the Crown. The Ministry administered:

  • $1.427 billion of non-departmental revenue and receipts (2013/14: $1.398 billion)
  • $3.269 billion of non-departmental expenses (2013/14: $2.956 billion)
  • $0.097 billion of non-departmental assets (2013/14: $0.108 billion)
  • $0.494 billion of non-departmental liabilities (2013/14: $0.368 billion)

on behalf of the Crown for the year ended 30 June 2015.

Further details of the management of these Crown assets and liabilities are provided later in this report.

 

SCHEDULE OF NON-DEPARTMENTAL REVENUE AND RECEIPTS

for the year ended 30 June 2015

This schedule summarises non-departmental revenues and receipts the Ministry collects on behalf of the Crown.

Actual 2013/14
$000

 

Note

Actual 2014/15
$000

Unaudited Main Estimates 2014/15
$000

Unaudited Supplementary Estimates 2014/15
$000

1,349,290

Indirect taxation

2

1,413,191

1,419,356

1,417,229

1,525

Other ‘sovereign power’ revenue

3

1,351

1,400

1,400

46,934

Other operational revenue

4

12,062

19,783

11,928

(93)

Share of net asset increase in joint venture airports

9

(30)

-

-

1,397,656

Total non-departmental revenue and receipts

 

1,426,574

1,440,539

1,430,557

 

SCHEDULE OF NON-DEPARTMENTAL EXPENSES

for the year ended 30 June 2015

This schedule summarises non-departmental expenses the Ministry administers on behalf of the Crown. Further details are provided in the appropriation statements.

Actual 2013/14
$000

 

Note

Actual 2014/15
$000

Unaudited Main Estimates 2014/15
$000

Unaudited Supplementary Estimates 2014/15
$000

1,981,513

Non-departmental output classes

5

2,038,714

1,968,967

2,070,642

776,227

Purchase or development of capital assets

6

1,074,033

936,543

886,216

195,766

Other expenses to be incurred by the Crown

7

137,591

120,718

142,897

-

Non-departmental multi category

 

9,875

9,927

10,048

3,379

Bad debts expense

 

4,091

4,000

4,500

(1,044)

Movement in doubtful debts provision

 

5,137

-

-

2,955,841

Total non-departmental expenses

 

3,269,441

3,040,155

3,114,303

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SCHEDULE OF NON-DEPARTMENTAL ASSETS

as at 30 June 2015

This schedule summarises the assets the Ministry administers on behalf of the Crown.

Actual 2013/14
$000

 

Note

Actual 2014/15
$000

Unaudited Main Estimates 2014/15
$000

Unaudited Supplementary Estimates 2014/15
$000

 

Current assets

       

19,584

Cash and bank balances

 

5,345

20,000

20,000

64,153

Receivables and advances

8

66,442

51,155

64,153

 

Non-current assets

       

24,402

Investment in joint venture airports

9

24,756

25,929

25,836

108,139

Total non-departmental assets

 

96,543

97,084

109,989

In addition, the Ministry monitors a number of Crown entities. These are:

  • Civil Aviation Authority (which includes the Aviation Security Service)
  • Maritime New Zealand
  • NZ Transport Agency
  • Transport Accident Investigation Commission.

The investment in these entities is recorded within the Crown financial statements on a line-by-line basis. No disclosure is made in this schedule.

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SCHEDULE OF NON-DEPARTMENTAL LIABILITIES

as at 30 June 2015

This schedule summarises the liabilities the Ministry administers on behalf of the Crown.

Actual 2013/14
$000

 

Note

Actual 2014/15
$000

Unaudited Main Estimates 2014/15
$000

Unaudited Supplementary Estimates 2014/15
$000

 

Current liabilities

       

368,408

Payables

11

493,585

348,251

338,636

368,408

Total non-departmental liabilities

 

493,585

348,251

338,636

Payables are non-interest bearing and are normally settled on 30-day terms, therefore, carrying value of payables approximates their fair value.

The notes form an integral part of, and should be read in conjunction with, the financial statements.

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STATEMENT OF NON-DEPARTMENTAL COMMITMENTS

as at 30 June 2015

This statement records those expenses to which the Crown is contractually committed and which will become liabilities, if and when the terms of the contracts are met.

Actual 2013/14
$000

 

Actual 2014/15
$000

 

Operating commitments

 

74,296

Other non-cancellable contracts for the supply of goods and services

90,147

74,296

Total operating commitments

90,147

 

Term classification of commitments

 

18,574

Not later than 1 year

21,212

18,574

More than 1 year but less than 2 years

21,917

37,148

Between 2 and 5 years

47,018

-

Greater than 5 years

-

74,296

Total operating commitments

90,147

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STATEMENT OF NON-DEPARTMENTAL CONTINGENT LIABILITIES

as at 30 June 2015

This statement discloses situations which exist at 30 June 2015, the ultimate outcome of which is uncertain and will be confirmed only on the occurrence of one or more future events after the date of approval of the financial statements.

Actual 2013/14
$000

 

Actual 2014/15
$000

10,000

Transport Accident Investigation Commission emergency guarantee

10,000

10,000

Total contingent liabilities

10,000

The Minister of Finance has issued a $10 million guarantee to the Transport Accident Investigation Commission, for use in the event of a major transport accident (air, rail or marine) where the Commission would have to hire specialist recovery equipment. This is expected to be a near permanent guarantee.

In addition to the contingent liability disclosed above, an indemnity has been provided by the Crown to the Meteorological Service of New Zealand for potential third party claims in excess of arranged public liability cover. The value of the liability will depend on the circumstances of the claim (unchanged since 21 August 2000). This indemnity ceases from 1 July 2015.

The notes form an integral part of, and should be read in conjunction with, the financial statements.

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