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Financial Reports
Income and
Expenditure tables show comparisons of the 1999/2000 and
2000/2001 financial years and estimates for 2001/2002.
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 by 30
September 2001.
Revenue Result Overview
Although there was a shortfall of $277,000 in anticipated
revenue for the year, the appropriated baselines have been
retained for the next year. The shortfall was due to fewer than
expected practising licence applications, the introduction of
pro-rating of practising licence fees, a decrease in
examination/registration fees received and the previously
reported change in the price of Certificates of Compliance.
Financial Performance Indicators
In its 2000/2001 business plan the Board's financial strategic
goal was to identify overall cost savings of 7 percent and
achieve savings of 5 percent. The following accounts show actual
expenditure savings over budget of 7 percent have been achieved.
Overheads
The Board has noted that the overheads charged to its accounts
have continued to reduce. Overheads this financial year of
$360,000 are 41 percent of the 1998/99 figure.
Accumulated Surpluses
| |
ACTUAL
2000/2001
$000's |
ESTIMATES
2001/2002
$000's |
| Opening Balance |
112 |
248 |
| Add Surplus (Deficit) |
136 |
37 |
| Closing
Balance |
248 |
285 |
Board Budget
Income
| |
ESTIMATES
2000/2001
$000'5 |
ACTUAL
2000/2001
$000's |
ESTIMATES
2001/2002
$000's |
| Practising Licences |
1,882 |
1,626 |
1,876 |
| Examination/registration fees |
335 |
202 |
183 |
| Sale of
publications |
8 |
113 |
122 |
| Miscellaneous
revenue |
23 |
98 |
73 |
| Certificates of
compliance |
780 |
743 |
755 |
| Total
Income |
2968 |
2782 |
3009 |
Expenditure
| |
ESTIMATES
2000/2001
$000'5 |
ACTUAL
2000/2001
$000's |
ESTIMATES
2001/2002
$000's |
| Personnel |
796 |
748 |
693 |
| Operating |
1,710 |
1,490 |
1,846 |
| Depreciation |
25 |
53 |
39 |
| Capital charge |
9 |
1 |
10 |
| Indirect charges |
- |
- |
- |
| Support services |
392 |
354 |
384 |
| Total Expenditure |
2,932 |
2,646 |
2,972 |
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