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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:

  • $1.538 billion of non-departmental revenue and receipts (2014/15: $1.427 billion)
  • $2.940 billion of non-departmental expenses (2014/15: $3.269 billion)
  • $0.081 billion of non-departmental assets (2014/15: $0.097 billion)
  • $0.392 billion of non-departmental liabilities (2014/15: $0.494 billion)

on behalf of the Crown for the year ended 30 June 2016.

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 2016

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

Actual 2014/15
$000
  Note Actual 2015/16
$000
Main Estimates 2015/16
$000
Unaudited Supplementary Estimates 2015/16
$000
1,413,191 Indirect taxation 2 1,536,566 1,494,567 1,498,602
1,351 Other 'sovereign power' revenue 3 985 1,300 1,300
12,062 Other operational revenue 4 9,621 8,200 8,760
(30) Share of net asset increase/(decrease) in joint venture airports 9 (8,428) - -
1,426,574 Total non-departmental revenue and receipts   1,538,744 1,504,067 1,508,662

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SCHEDULE OF NON-DEPARTMENTAL EXPENSES

for the year ended 30 June 2016

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

Actual 2014/15
$000
  Note Actual 2015/16
$000
Main Estimates 2015/16
$000
Unaudited Supplementary Estimates 2015/16
$000
2,038,714 Non-departmental output classes 5 2,027,873 2,051,581 2,090,510
1,074,033 Purchase or development of capital assets 6 857,295 1,008,270 902,842
137,591 Other expenses to be incurred by the Crown 7 40,071 52,842 43,988
9,875 Non-departmental multi-categorory appropriations   10,542 9,462 10,542
4,091 Bad debts expense   4,868 4,000 5,000
5,137 Movement in doubtful debts provision   (555) - -
3,269,441 Total non-departmental expenses   2,940,094 3,126,155 3,052,882

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SCHEDULE OF NON-DEPARTMENTAL ASSETS

as at 30 June 2016

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

Actual 2014/15
$000
  Note Actual 2015/16
$000
Main Estimates 2015/16
$000
Unaudited Supplementary Estimates 2015/16
$000
  Current assets        
5,345 Cash and bank balances   25,238 20,000 20,000
66,442 Receivables and advances 8 39,089 64,153 66,442
  Non-current assets        
24,756 Investment in joint venture airports 9 16,538 25,836 25,506
96,543 Total non-departmental assets   80,865 109,989 111,948

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 2016

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

Actual 2014/15
$000
  Note Actual 2015/16
$000
Main Estimates 2015/16
$000
Unaudited Supplementary Estimates 2015/16
$000
  Current liabilities        
493,585 Payables 11 391,824 338,636 438,852
493,585 Total non-departmental liabilities   391,824 338,636 438,852

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 2016

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 2014/15
$000
  Actual 2015/16
$000
  Operating commitments  
90,147 Other non-cancellable contracts for the supply of goods and services 92,700
90,147 Total operating commitments 92,700
  Term classification of commitments  
21,212 Not later than 1 year 21,917
21,917 More than 1 year but less than 2 years 23,253
47,018 Between 2 and 5 years 47,530
- Greater than 5 years -
90,147 Total operating commitments 92,700

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STATEMENT OF NON-DEPARTMENTAL CONTINGENT LIABILITIES

as at 30 June 2016

This statement discloses situations which exist at 30 June 2016, 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 2014/15
$000
  Actual 2015/16
$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, the Crown has provided an indemnity to the Meteorological Service of New Zealand for potential third party claims in excess of arranged public liability cover. The value of the liability depended on the circumstances of the claim (unchanged since 21 August 2000). This indemnity ceased from 1 July 2015 when a new contract was signed.

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