|
  
Financials
Budget Analysis
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.
| |
Actual
2001/2002
$000's |
Estimates
2002/2003
$000's |
Actual
2002/2003
$000's |
Estimates
2003/2004
$000's |
| INCOME |
| Practising Licences |
1,833 |
1,593 |
1,374 |
1,677 |
| Examination and registration fees |
261 |
238 |
259 |
238 |
| Sale of publications |
133 |
121 |
39 |
21 |
| Certificates of compliance |
749 |
779 |
893 |
879 |
| Miscellaneous revenue |
28 |
278 |
30 |
193 |
| TOTALS |
3,004 |
3,009 |
2,595 |
3,008 |
| |
|
|
|
|
| EXPENDITURE |
| Personnel |
647 |
672 |
503 |
351 |
| Operating |
1,437 |
1,331 |
1,164 |
1,878 |
| Depreciation |
59 |
212 |
213 |
31 |
| Capital charge |
8 |
7 |
7 |
8 |
| Support services |
672 |
623 |
608 |
577 |
| TOTALS |
2,823 |
2,845 |
2,495 |
2,845 |
| |
|
|
|
|
| ACCUMULATED FUNDS |
|
|
|
|
| Opening Balance |
249 |
430 |
430 |
530 |
| Add Surplus (Deficit) |
181 |
0 |
100 |
163 |
| CLOSING BALANCE |
430 |
430 |
530 |
693 |
Revenue
- Practising licence revenue for the year was $1,374,000.
This figure is lower than that shown for previous years. The
difference has occurred as a result of revenue of $215,000,
which was received in May and June 2002 for 2002/2003
practising licences, being recorded in the previously reported
2001/2002 figure of $1,833,000.
- Revenue for examinations, registrations and certificate of
compliance sales were all above budget.
- The revenue received from sale of publications by the Board
has reduced as planned with the introduction of new standards
for the carrying out of electrical work and the reduction in
the number of codes of practice available.
- Although total revenue was $409,000 lower than that
received in 2001/2002 an overall surplus of $100,000 was
achieved for the year. This surplus is shown in the accumulated
funds section of the financials.
Expenditure
- Personnel costs have decreased for the year by $144,000.
This is the second consecutive year savings in this area have
been achieved.
- As reported previously, there was an expectation that
depreciation would increase and this has resulted in
expenditure for the year of $213,000.
- Support services costs for the year are $608,000. This is
an increase of $224,000 over the 2001/2002 financial year.
Estimated 2003 /
2004
The Board will continue to benefit from the recent
re-organisation to improve efficiencies while it returns to
providing a one stop service for practioners.
|
Return
to Top