Financial Highlights
There are eight departmental output expenses delivered by the Department.
The Department expects in the 2005/06 year:
- to earn $12.519 million from interest on the Residential Tenancies Trust Account
- to earn $0.800 million from fees for applications to the Tenancy Tribunal
- to earn $0.107 million from fees to assist Tenancy Tribunal judgement creditors to recover judgement debts
- to earn $14.991 million from building levies
- to earn $0.457 million from contributions for the State Sector Superannuation Scheme
- to earn $30.350 million from the sale of outputs to the Crown
- to spend $61.029 million on the production of outputs for the eight departmental output expenses detailed in the Statement of Objectives.
The Department will also administer payments and receipts under the appropriation as follows.
- Non-departmental output expenses payable to Housing New Zealand Corporation for policy advice of $3.829 million, contracted housing support services of $10.028 million and housing support services of $13.227 million.
- Non-departmental output expenses for the registration regime of architects of $0.225 million.
- Benefits and unrequited expenses for income-related rental subsidy paid to Housing New Zealand Corporation of $391.172 million.
- Benefits and unrequited expenses for housing assistance payments of $7.664 million.
- Non-departmental other expense payable to Housing New Zealand Corporation for the community housing rent relief programme of $4.500 million.
- Interest receipts on loans to Housing New Zealand Corporation of $91.800 million.
- Dividend receipts from Housing New Zealand Corporation of $2.745 million.
- $230.697 million on capital injections to Housing New Zealand Corporation.
- $54.375 million on state housing activities.
- $0.045 million on loan to the Architects Board.
Details of how the non-departmental appropriations will be applied appear in parts C2, D1, D3, E1 and F1 of Vote: Housing in the 2005/06 Estimates of Appropriations for the Government of New Zealand.
Statement of Financial Performance
For the years ending 30 June 2005 and 2006
| |
2004/05
Budgeted14
$000 |
2004/05
Estimated
Actual
$000 |
2005/06
Budget
$000 |
| Revenue |
29,885 |
29,885 |
59,224 |
| Expenses |
35,718 |
35,718 |
61,029 |
| Surplus/(deficit) from operations |
(5,833) |
(5,833) |
(1,805) |
| Net surplus/(deficit) |
(5,833) |
(5,833) |
(1,805) |
Statement of Estimated Financial Position
As at 30 June 2005
And Forecast Financial Position
As at 30 June 2006
| |
Actual
Financial
Position as at
30 June 2004
$000 |
Estimated
Financial
Position as at
30 June 2005
$000 |
Forecast
Financial
Position as at
30 June 2006
$000 |
Assets
|
| Current assets |
|
|
|
| Cash and bank balances |
31 |
309 |
1,379 |
| Prepayments |
49 |
25 |
25 |
| Receivables and advances |
4,208 |
6,622 |
10,206 |
| Debtor Crown |
57 |
55 |
1,109 |
| Total current assets |
4,345 |
7,011 |
12,719 |
| Non-current assets |
|
|
|
| Fixed assets |
2,321 |
3,347 |
5,761 |
| Total non-current assets |
2,321 |
3,347 |
5,761 |
| Total assets |
6,666 |
10,358 |
18,480 |
| |
|
|
|
Liabilities
|
| Current liabilities |
|
|
|
| Payables and provisions |
1,903 |
1,652 |
1,986 |
| Finance leases |
33 |
33 |
29 |
| Provision for payment of surplus |
747 |
0 |
0 |
| Employee entitlements |
351 |
643 |
693 |
| Total current liabilities |
3,034 |
2,328 |
2,708 |
| Non-current liabilities |
|
|
|
| Employee entitlements |
269 |
269 |
269 |
| Finance leases |
62 |
29 |
0 |
| Total liabilities |
3,365 |
2,626 |
2,977 |
| |
|
|
|
Taxpayers' funds
|
| General funds |
3,301 |
7,732 |
15,503 |
| Total taxpayers' funds |
3,301 |
7,732 |
15,503 |
| Total liabilities and taxpayers' funds |
6,666 |
10,358 |
18,480 |
This statement should be read in conjunction with the statement of significant underlying assumptions and statement of significant accounting policies.