Financial Reports (OBU 4430)

The following pages show comparisons of the 1996/97 year with the 1995/96 year, and the forecast for the 1997/98 year.

These accounts are GST exclusive and have been audited in conjunction with the Ministry of Commerce's accounts for the year.

The following chart shows how the Board's Output Business Units (OBU's) continue to be arranged.
Arrangement Output Business Units

The overriding budget of the Board is OBU 4430. This budget is controlled by the Board itself and records all revenue payable to the Board.

Expenditure incurred directly by the Board, (i.e, payment for contractual work) or that payable for the services purchased under the Memorandum of Understanding are shown in the Board's budget.

Accumulated Surpluses

	Actual 1996/97 $000	Estimated 1997/98 $000
Opening balance	794	843
Add surplus (deficit)	49	(34)
Closing balance	843	809

Notes:

In last year's report, the closing balance was reported in error as $1,200,000. The correct figure of $1,099,000 has been used as the opening balance in this year's report.

Board Budget (OBU 4430)

	Estimates 1996/97 $000	Actual 1996/97 $000	Estimates 1997/98 $000
Income
Practising Licences	1692	1398	1398
Examination/registration fees	281	311	310
Sale of Publications	9	9	9
Miscellaneous revenue	0	68	40
Certificates of Compliance	995	976	959
Transfer from accumulated surpluses	308	324	236
Total income	3285	3086	2952

Expenditure
Personnel	62	76	65
Operating	1451	1253	1115
Depreciation	0	1	0
Capital Charge	0	(16)	0
Overheads	220	237	220
Transfer under memorandum of understanding	1552	1535	1552
Total Expenditure	3285	3086	2952

Notes:

The line item "Transfer under Memorandum of Understanding" represents the total expenditure payable to the Ministry of Commerce for the purchase of administrative services.

The line item "Transfer from accumulative surpluses" represents the amount of money the Board estimates will be drawn from the surpluses during the year.

Audit Administration Budget (OBU 4434)

	Actual 1995/96 $000	Estimates 1996/97 $000	Actual 1996/97 $000	Estimates 1997/98 $000
Income
Practising Licences	998
Certificates of Compliance	1033
Transfer from Board Budget		632	567	459
Total Income	2031	632	567	459

Expenditure
Personnel	182	179	196	152
Operating	1395	291	202	131
Capital Charge			8	1
Depreciation/Capital	8	9	5	4
Overheads	189	153	156	171
Total Expenditure	1174	632	567	459

Surplus	257	0	0	0

Notes:

This OBU is managed within the Ministry of Commerce in accordance with the requirements of the Memorandum of Understanding.
The line item "Operating" is the expenditure associated with the administration of the Board's audit programmes.

General Administration Budget

	Actual 1995/96 $000	Estimates 1996/97 $000	Actual 1996/97 $000	Estimates 1997/98 $000
Income
Sale of Publications	6
Practising Licences	506
Fees and Charges	288
Net Contribution from Electricity Levy	380
Transfer from Board budget		920	968	1093
Total income	1180	920	968	1093

Expenditure
Personnel	337	232	259	283
Operating	418	194	202	334
Depreciation	17	16	11	13
Capital Charge			14	3
Overheads	408	478	482	460
Total Expenditure	1180	920	968	1093

Surplus	0	0	0	0

Notes:

This OBU is managed within the Ministry of Commerce in accordance with the requirements of the Memorandum of Understanding.
This OBU relates to the carrying out of functions such as registration and licence issuing and examination conducting.

Return to Top

Page Last Modified: 2007-05-17

This site uses cookies to track and analyse usage.