Financial Reports

The following pages show comparisons of the 1997/98 year with the 1996/97 year, and the forecast for the 1998/99 year.

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

The chart shows how the Board's Output Business Units (OBU's) continue to be arranged.
Arrangement of 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's	ACTUAL 1997/98 $000's	ESTIMATES 1998/99 $000's
Opening Balance	1099	775	700
Add Surplus (Deficit)	(324)	(75)	(673)
Closing Balance	775	700	27

Board Budget (OBU4430)

Income

	ACTUAL 1996/97 $000's	ESTIMATES 1997/98 $000's	ACTUAL 1997/98 $000's	ESTIMATES 1998/99 $000's
Practising Licences	1398	1398	1392	1222
Examination/registration fees	311	310	303	300
Sale of publications	9	9	9	9
Miscellaneous revenue	68	40	35	15
Certificates of compliance	976	959	1128	894
Transfer from accumulated surpluses	324	236	75	673
Total Income	3086	2952	2942	3113

Expenditure

	ACTUAL 1996/97 $000's	ESTIMATES 1997/98 $000's	ACTUAL 1997/98 $000's	ESTIMATES 1998/99 $000's
Personnel	76	65	63	63
Operating	1253	1115	1175	1256
Depreciation	1	0	2	3
Capital charge	(16)	0	1	3
Support services	237	220	202	252
Transfer under Memorandum of Understanding	1535	1552	1499	1536
Total Expenditure	3086	2952	2942	3113

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.

General Administration Budget (OBU 4432)

Income

	ACTUAL 1996/97 $000's	ESTIMATES 1997/98 $000's	ACTUAL 1997/98 $000's	ESTIMATES 1998/99 $000's
Transfer from Board budget	968	1093	1051	1086
Total Income	968	1093	1051	1086

Expenditure

	ACTUAL 1996/97 $000's	ESTIMATES 1997/98 $000's	ACTUAL 1997/98 $000's	ESTIMATES 1998/99 $000's
Personnel	259	283	247	242
Operating	202	334	319	387
Depreciation	11	13	10	9
Capital charge	14	3	3	3
Support services	482	460	472	445
Total Expenditure	968	1093	1051	1086
Surplus (Deficit)	0	0	0	0

Notes: This OBU is managed within the Ministry of Commerce in accordance with the Service Level Agreement and relates to functions such as granting registrations, issuing licences and conducting examinations.

AUDIT ADMINISTRATION BUDGET (OBU 4434)

Income

	ACTUAL 1996/97 $000's	ESTIMATES 1997/98 $000's	ACTUAL 1997/98 $000's	ESTIMATES 1998/99 $000's
Transfer from Board budget	567	459	448	450
Total Income	567	459	448	450

Expenditure

	ACTUAL 1996/97 $000's	ESTIMATES 1997/98 $000's	ACTUAL 1997/98 $000's	ESTIMATES 1998/99 $000's
Personnel	196	152	150	122
Operating	202	131	124	158
Capital charge	8	1	1	2
Depreciation/Capital	5	4	4	4
Support services	156	171	169	164
Total Expenditure	567	459	448	450
Surplus (Deficit)	0	0	0	0

This OBU is managed within the Ministry of Commerce in accordance with the requirements of the Memorandum of Understanding.

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Page Last Modified: 2007-05-17

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