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Statement of comprehensive income

for the year ended 30 June 2013

Actual
2011/12
$000

 

Notes

Actual
2012/13
$000

Main Estimates 2012/13
$000

Supplementary
Estimates
2012/13
$000

 

Income

       

30,371

Revenue Crown

2

30,315

32,371

32,001

17,758

Revenue from fees

3

-

-

-

750

Other revenue

4

291

223

308

48,879

Total operating income

 

30,606

32,594

32,309

 

Expenditure

       

19,849

Contractual payments to Crown entities

5

3,427

3,520

3,427

17,465

Personnel expenses

6

15,504

18,074

17,374

10,447

Other operating expenses

8

10,385

10,019

10,487

249

Capital charge

7

233

250

250

500

Depreciation of property, plant and equipment

11

466

505

478

302

Amortisation of intangible assets

12

247

226

293

67

Finance cost

15

24

-

-

48,879

Total expenditure

 

30,286

32,594

32,309

-

Net surplus/(deficit)

 

320

-

-

-

Total comprehensive income

 

320

-

-

Explanations of significant variances against budget are detailed in note 22.

Statement of movements in equity

for the year ended 30 June 2013

Actual
2011/12
$000

 

Actual
2012/13
$000

Main
Estimates
2012/13
$000

Supplementary
Estimates
2012/13
$000

3,116

Balance at 1 July

3,116

3,116

3,116

-

Total comprehensive income

320

-

-

-

Provision to repay surplus to Crown

(320)

-

-

-

Capital withdrawal

(408)

(408)

(408)

3,116

Balance at 30 June

2,708

2,708

2,708

 Statement of financial position

as at 30 June 2013

Actual
2011/12
$000

  Notes Actual
2012/13
$000
Main
Estimates
2012/13
$000
Supplementary
Estimates
2012/13
$000
 

Equity

       

2,355

Taxpayers funds

 

1,947

1,947

1,947

761

Revaluation reserve – Milford Aerodrome

 

761

761

761

3,116

Total equity

9

2,708

2,708

2,708

 

Represented by:

       
 

Current assets

       

4,227

Cash and cash equivalents

 

5,200

3,504

4,499

2,710

Debtors, prepayments and other receivables

10

128

788

56

6,937

Total current assets

 

5,328

4,292

4,555

 

Non-current assets

       

2,872

Property, plant and equipment

11

2,469

2,420

2,521

382

Intangible assets

12

234

747

463

-

Work in progress

 

45

-

-

3,254

Total non-current assets

 

2,748

3,167

2,984

10,191

Total assets

 

8,076

7,459

7,539

 

Current liabilities

       

3,967

Creditors and other payables

13

1,707

2,183

1,706

1,498

Employee entitlements

14

1,508

1,211

1,467

-

Provision to repay surplus

 

320

-

-

5,465

Total current liabilities

 

3,535

3,394

3,173

 

Non-current liabilities

       

950

Employee entitlements

14

1,149

724

978

660

Provision for lease make-good

15

684

633

680

1,610

Total non-current liabilities

 

1,833

1,357

1,658

7,075

Total liabilities

 

5,368

4,751

4,831

3,116

Net assets

 

2,708

2,708

2,708

Statement of cash flows

for the year ended 30 June 2013

Actual
2011/12
$000

 

Notes

Actual
2012/13
$000

Main
Estimates
2012/13
$000

Supplementary
Estimates
2012/13
$000

 

Cash flows from operating activities

       

30,371

Crown

 

32,975

32,371

34,629

309

Other

 

314

223

325

103

Crown entities

 

45

-

45

17,201

Fees

 

-

-

-

413

Departments

 

-

-

-

(17,238)

Personnel costs

 

(15,463)

(17,960)

(16,897)

(9,478)

Operating expenses

 

(12,481)

(9,999)

(13,132)

(19,849)

Contractual payments to Crown entities

 

(3,427)

(3,634)

(3,541)

(264)

Net GST paid

 

(143)

-

-

(249)

Capital charge

 

(233)

(250)

(250)

1,319

Net cash flows from operating activities

16

1,587

751

1,179

 

Cash flows from investing activities

       

-

Disposal of property, plant and equipment

 

83

-

-

(142)

Purchase of property, plant and equipment

 

(145)

(50)

(126)

(67)

Purchase of intangible assets

 

(144)

(450)

(374)

(209)

Net cash flows from investing activities

 

(206)

(500)

(500)

 

Cash flows from financing activities

       

-

Capital withdrawal by the Crown

9

(408)

(408)

(408)

-

Net cash flows from financing activities

 

(408)

(408)

(408)

1,110

Net increase in cash held

 

973

(157)

271

3,117

Cash at 1 July

 

4,227

3,661

4,228

4,227

Total cash at 30 June

 

5,200

3,504

4,499

The net GST paid component of operating activities reflects the net GST paid to and received from the Inland Revenue Department. This component has been presented on a net basis, as the gross amounts do not provide meaningful information for financial statement purposes and to be consistent with the presentation basis of the other primary financial statements.

Statement of commitments

as at 30 June 2013

Non-cancellable operating lease commitments

The Ministry leases property in the normal course of business. The majority of these leases are for premises, which have non-cancellable leasing periods ranging from 1 to 5 years. The Ministry also outsources its IT support.

Actual
2011/12
$000

 

Actual
2012/13
$000

 

Non-cancellable operating lease commitments

 

2,366

Not later than 1 year

1,496

6,608

Later than 1 year and not later than 5 years

5,216

954

Later than 5 years

-

9,928

Total non-cancellable lease commitments

6,712

The Ministry’s non-cancellable operating leases have varying terms, escalation clauses and renewal rights. There are no restrictions placed on the Ministry by any of its leasing arrangements. Some accommodation leases are cancellable, subject to penalty. The amount disclosed is based on the current rental rates. Total operating lease cost is expensed on a straight-line basis over the life of the lease.

The reduced commitments overall is mainly due to three reasons: the accommodation leases are a year closer to expiry, the Ministry's IT services contract is now excluded from commitments due to a change in contract terms and the annual rental on our Auckland office has reduced.

Capital commitments

There were no capital commitments as at 30 June 2013 (2012: $nil).

Statement of contingent liabilities and contingent assets

as at 30 June 2013

There were no quantifiable contingent liabilities as at 30 June 2013 (2012: $nil).

Contingent assets

The Ministry has no contingent assets (2012: $nil).

Statement of departmental expenses and capital expenditure against appropriations

for the year ended 30 June 2013

Actual
Expenditure
2011/12
$000

 

Actual
Expenditure 2012/13
$000

Supplementary
Estimates
2012/13
$000

Voted
Appropriation 2012/13
$000

 

Vote Transport

     
 

Appropriations for output expenses

     

-

Policy advice and related outputs multi class output appropriation

28,471

30,489

30,489

1,113

Search and rescue activity coordination PLA

1,135

1,136

1,136

429

Fuel excise duty refund administration

429

429

429

254

Milford Sound/Piopiotahi Aerodrome operation and administration

251

255

255

28,542

Policy advice

-

-

-

16,329

Road user charges collection, investigation and enforcement

-

-

-

1,593

Land transport revenue forecasting and strategy

-

-

-

619

Governance and performance advice for Crown agencies

-

-

-

48,879

Total appropriation for output expenses

30,286

32,309

32,309

 

Appropriation for capital expenditure

     

209

Ministry of Transport — capital expenditure PLA

289

500

500

The Voted Appropriation column includes all adjustments made in the 2012/13 Supplementary Estimates.

Statement of departmental unappropriated expenditure against appropriations

for the year ended 30 June 2013

Unappropriated Expenditure 2011/12
$000

 

Actual
Expenditure
2012/13
$000

Voted
Appropriation
2012/13
$000

Unappropriated
Expenditure
2012/13
$000

 

Vote Transport

     
 

Appropriations for output expenses

     

-

Policy advice and related outputs multi class output appropriation

28,471

30,489

-

-

Search and rescue activity coordination PLA

1,135

1,136

-

-

Fuel excise duty refund administration

429

429

-

31

Milford Sound/Piopiotahi Aerodrome operation and administration

251

255

-

31

 

30,286

32,309

-

Expenses and capital expenditure incurred in excess of appropriation

There were no breaches of projected expenses and capital expenditure (2012: $31,000).

Expenses and capital expenditure incurred without appropriation or other authority, or outside scope of appropriation

There were no expenses or capital expenditure incurred without appropriation, other authority or outside scope (2012:$nil).

Breaches of projected departmental net asset schedules

There were no breaches of projected departmental net asset schedules (2012:$nil).

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