Statement of Intent 07/10

Part A: An overview of our strategy

Part B: Current year forecasts

Part C: Additional information

Estimated capital expenditure by category

As at 30 June 2008

	Forecast 2007/08 $000	Estimated Actual 2006/07 $000	Budget 2006/07 $000	Actual 2005/06 $000	Actual 2004/05 $000	Actual 2003/04 $000	Actual 2002/03 $000
Office equipment	-	-	-	-	169	7	22
Office renovations	-	856	286	5,150	666	74	269
Furniture and fittings	-	175	50	-	266	-	2
Computer hardware	3,562	2,034	3,435	660	184	555	261
Computer software	309	2,794	802	-	124	288	940
Motor vehicles	-	338	100	41	56	-	-
Total	3,871	6,197	4,673	5,851	1,465	924	1,494

For the year ended 30 June 2008

	2006/07 Budget $000	2006/07 Estimated Actual $000	2007/08 Budget $000
Operating expenses
Revenue: other	36,233	37,594	42,086
Output expenses	71,843	73,149	67,582
Operating surplus before capital charge	(866)	(6,497)	2,474
Surplus/(deficit) from operations	(1,746)	(7,327)	1,442

Working capital
Net current assets	3,223	(2,572)	813

Resource use
Physical assets:
Total physical assets at year end	12,131	12,839	11,268
Taxpayers' funds:
Level at year end	15,004	9,584	13,229

Forecast net cash flows
Surplus/(deficit) operating activities	6	7,913	(2,134)
Surplus/(deficit) investing activities	(4,673)	(7,863)	(3,871)
Surplus/(deficit) financing activities	4,165	(566)	5,937
Net increase/(decrease) in cash held	(502)	(516)	(68)