Non-Departmental Schedules and Statements
for the year ended 30 June 2005
In addition to the Statement of Non-Departmental Appropriations and Expenditure, the Department is now required to provide additional information in the form of statements and schedules of revenue and receipts, non-departmental expenses, assets, liabilities, contingencies and commitments. These, together with associated notes, are presented below.
Statement of Accounting policies
Measurement system
Measurement and recognition rules applied in the preparation of these non-departmental statements and schedules are consistent with generally accepted accounting practice, the Department's Departmental Statement of Accounting Policies and Crown accounting policies.
These Non-Departmental balances are consolidated into the Crown Financial Statements and therefore readers of these statements and schedules should also refer to the Crown Financial Statements for 2004/05.
Accounting Policies
The following particular accounting policies, which materially affect the measurement of financial results and financial position, have been applied.
Goods and Services Tax (GST)
The Statement of Non-Departmental Appropriations and Expenditure is inclusive of GST (where applicable). The Schedules of Assets and Liabilities are exclusive of GST, except for Payables and Receivables, which are GST inclusive.
Revenues and Receipts
The Department administers revenue on behalf of the Crown. The revenue includes interest on Housing New Zealand Corporation loans. Interest is recognised in the period to which it relates.
Expenses
Expenses are recognised in the period to which they relate.
Receivables and Advances
Receivables are recorded at estimated realisable value after providing, where necessary, for doubtful and uncollectable debts.
Commitments
Future expenses and liabilities to be incurred on contracts that have been entered into at balance date are disclosed as commitments (at the point a contractual obligation arises) to the extent that there are equally unperformed obligations. Commitments relating to employment contracts are not disclosed.
Contingent Liabilities
Contingent liabilities are disclosed at the point at which the contingency is evident.
Statement of Non-Departmental Appropriations and Expenditure
for the year ended 30 June 2005
Statement of non-departmental appropriations and expenditure for the year ended 30 June 2005
| |
2005
Actual
$000 |
2005
Final Vote
$000 |
2004
Actual
$000 |
Benefits and Other Unrequited Expenses
|
| Housing assistance |
11,786 |
13,949 |
7,607 |
| Income-related rents subsidy |
371,816 |
372,743 |
339,856 |
| |
Non-Departmental Output Classes
|
| Housing policy advice |
1,534 |
1,534 |
1,536 |
| Contracted housing support services |
1,795 |
2,060 |
2,003 |
| Housing New Zealand Corporation housing services |
1,872 |
2,020 |
962 |
| |
Non-Departmental Other Expense
|
| Community housing rent relief programme |
4,500 |
4,500 |
4,500 |
| |
Capital Contributions to Other Persons or Organisations
|
| Housing New Zealand Corporation refinance third party |
- |
- |
311,827 |
| Housing New Zealand Corporation capital injections |
202,416 |
215,278 |
300,379 |
| Activities for state housing |
- |
- |
- |
| Total (GST Inclusive) |
595,719 |
612,084 |
968,670 |
Schedule of Non-Departmental Revenue and Receipts
for the year ended 30 June 2005
Schedule of non-departmental revenue and receipts for the year ended 30 june 2005
| |
2005
Actual
$000 |
2005
Main
Estimates
$000 |
2005
Supplementary
Estimates
$000 |
2004
Actual
$000 |
Non-Tax Revenue
|
| Interest on loan to Housing New Zealand Corporation |
84,796 |
70,045 |
85,888 |
50,488 |
| Dividend from Housing New Zealand Corporation |
44,448 |
30,256 |
44,448 |
176,000 |
| Total Non-Tax Revenue |
129,244 |
100,301 |
130,336 |
226,488 |