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Financial Reports
The following pages show comparisons of the 1999/2000 and
2000/2001 financial years.
These accounts are GST exclusive and have not been audited.
The information contained in these statements forms part of the
Ministry of Economic Development consolidated statements audited
by Audit New Zealand and their audit will be completed 30
September 2000.
With the introduction of the Electrical Workers Licensing
Group and the associated management structure, the Board’s three
previous budgets (4430, 4432 and 4434) have been consolidated
into one.
Revenue Forecasts
As a result of the Board’s risk based audit strategy it is
expected that revenue from practising licences will increase.
Revenue from the sale of Certificates of Compliance is expected
to reduce due to the adjustment in 1999 of the price of the
certificates. Anticipated changes to fees and charges are not
expected to have an effect on overall revenue as these will be
fiscally neutral.
Accumulated Surpluses
| |
ACTUAL
1998/1999
$000's |
ACTUAL
1999/2000
$000's |
ESTIMATES
2000/2001
$000's |
| Opening Balance |
700 |
231 |
91 |
| Add Surplus (Deficit) |
(469) |
(140) |
36 |
| Closing
Balance |
231 |
91 |
127 |
Consolidated Board Budget (OBU 4430)
Income
| |
ACTUAL*
1998/1999
$000's |
ESTIMATES*
1999/2000
$000's |
ACTUAL
1999/2000
$000's |
ESTIMATES
2000/2001
$000's |
| Practising Licences |
1,278 |
1,800 |
1,544 |
1,822 |
| Examination/registration fees |
325 |
150 |
279 |
335 |
| Sale of
publications |
11 |
10 |
64 |
8 |
| Miscellaneous
revenue |
25 |
37 |
22 |
23 |
| Certificates of
compliance |
987 |
1,000 |
751 |
780 |
| Transfer from accumulated surpluses |
448 |
- |
140 |
- |
| (Transfer to accumulated surpluses) |
- |
(37) |
- |
(36) |
| Total
Income |
3,074 |
2,960 |
2,800 |
2,932 |
Expenditure
| |
ACTUAL*
1998/1999
$000's |
ESTIMATES*
1999/2000
$000's |
ACTUAL
1999/2000
$000's |
ESTIMATES
2000/2001
$000's |
| Personnel |
405 |
640 |
589 |
796 |
| Operating |
1,687 |
1,581 |
1,521 |
1,710 |
| Depreciation |
11 |
17 |
19 |
25 |
| Capital charge |
7 |
10 |
6 |
9 |
| Indirect charges |
78 |
173 |
173 |
- |
| Support services |
686 |
539 |
492 |
392 |
| Total Expenditure |
3,074 |
2,960 |
2,800 |
2,932 |
|
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