Annual Report 30 June 2012

Non-departmental statements and schedules

For the year ended 30 June 2012

The following non-departmental statements and schedules record the income, expenses, assets, liabilities, commitments, contingent liabilities and contingent assets that the Ministry manages on behalf of the Crown.

Statement of non-departmental expenditure and capital expenditure against Appropriations

For the year ended 30 June 2012

30/06/11 Actual $000		30/06/12 Actual $000	30/06/12 Main Estimates $000	30/06/12 Supp* Estimates $000
	VOTE: FOREIGN AFFAIRS AND TRADE
	NON-DEPARTMENTAL OUTPUT EXPENSES
	ANNUAL
13,168	Antarctic Research and Support	15,530	13,168	15,530
4,000	Promotion of Asian Skills and Relationships	4,000	4,000	4,000
1,400	Pacific Cooperation Foundation	1,400	1,400	1,400
18,568	Total Non-Departmental Output Expenses	20,930	18,568	20,930
	NON-DEPARTMENTAL OTHER EXPENSES
860	Disbursements made, and exemptions from taxation - Permanent Legislative Authority	884	1,150	1,150
	ANNUAL
54,084	Subscriptions to International Organisations	43,053	55,744	55,744
4,000	Contribution to Australian Flood Relief	-	-	-
1,000	Contribution to the March 2011 Japan earthquake and tsunami relief effort	-	-	-
59,944	Total Non-Departmental Other Expenses	43,937	56,894	56,894
78,512	Total	64,867	75,462	77,824
	VOTE: OFFICIAL DEVELOPMENT ASSISTANCE
	OTHER EXPENSES INCURRED BY THE CROWN
28,658	New Zealand Voluntary Agencies Grants	22,870	32,826	32,826
123,767	International Agency Funding	114,119	94,500	115,000
84,712	Global Development Assistance *	96,596	128,619	113,628
257,879	Pacific Development Assistance *	276,910	268,987	282,858
495,016	Total	510,495	524,932	544,312

* MYA 1 July 2009 – 30 June 2012

During the year ending 30 June 2012, the Ministry had two multi-year appropriations in Vote Official Development Assistance: Global Development Assistance; and Pacific Development Assistance. These funded other expenses to be incurred by the Crown for the provision of assistance for development activities for non-Pacific countries (including Asian, African, Latin, American, Caribbean, and Middle Eastern countries), and Pacific Island countries. This assistance, which also included some humanitarian assistance, was provided to development organisations, partner countries and through other delivery mechanisms, to implement a range of development activities including the design, management, implementation and evaluation of those partner-led activities. The assistance is to be consistent with the government’s directions and the Minister’s requirements for the New Zealand Aid Programme to work with development partners to ensure aid expenditure is delivered efficiently and is targeted as closely as possible to need. Both appropriations commenced on 1 July 2009 and expired on 30 June 2012.

Appropriation	Global Development Assistance $000	Pacific Development Assistance $000
Original appropriation	312,000	755,801
MYA commences	1-Jul-09	1-Jul-09
MYA expires	30-Jun-12	30-Jun-12
Adjustments 2009/10	9,044	12,203
Adjustments 2010/11	(9,749)	(10,250)
Adjustments 2011/12	(20,500)	-
Appropriation	290,795	757,754
Actual to 2011/12 Year End	(273,763)	(751,806)
Unspent	17,032	5,948

The accompanying accounting policies and notes are an integral part of these statements and schedules.

 

Statement of non-departmental unappropriated expenditure and capital expenditure

For the year ended 30 June 2012

The Ministry had no unappropriated expenditure as at 30 June 2012 (30 June 2011: Vote Official Development Assistance: Non-Departmental Other Expense Appropriation – International Agency Funding $25.354 million.)

 

Schedule of non-departmental revenue

For the year ended 30 June 2012

30/06/11 Actual $000		30/06/12 Actual $000	30/06/12 Main Estimates $000	30/06/12 Supp* Estimates $000
	NON-DEPARTMENTAL RECOVERIES
23	Other operational revenue	155	-	-
694	Gain on derivatives	-	-	-
717	Total Revenue	155	-	-

* These are the estimated actuals according to the 2011/12 Supplementary Estimates as shown in the 2012/13 Main Estimates.

Other operational revenue is primarily the repayment of unspent grant funding, on completion of development activities by Partners. These grants were provided for the delivery or implementation of development Activities under the New Zealand Aid Programme in prior years.

 

Schedule of non-departmental expenditure

For the year ended 30 June 2012

30/06/11 Actual $000		30/06/12 Actual $000	30/06/12 Main Estimates $000	30/06/12 Supp* Estimates $000
	OUTPUTS
13,168	New Zealand Antarctic Institute	15,530	13,168	15,530
4,000	Asia New Zealand Foundation	4,000	4,000	4,000
1,400	Pacific Cooperation Foundation	1,400	1,400	1,400
18,568	Total Outputs	20,930	18,568	20,930
	OTHER EXPENSES
54,084	Subscriptions to International Organisations	43,053	55,744	46,744
495,016	Official Development Assistance	510,495	524,932	534,697
4,000	Contribution to Australian Flood Relief	-	-	-
1,000	Contribution to the March 2011 Japan earthquake and tsunami relief effort	-	-	-
860	Diplomatic exemptions	884	1,150	1,150
1,437	Revaluation of Shares	818	-	-
321	Unrealised loss on the re-measurement of foreign exchange contracts	-	-	-
280	Net loss on foreign exchange	90	-	-
556,998	Total Other Expenses	555,340	581,826	582,591
575,566	Total Operating Expenses	576,270	600,394	603,521

* These are the estimated actuals according to the 2011/12 Supplementary Estimates as shown in the 2012/13 Main Estimates.

 

Schedule of non-departmental assets

As at 30 June 2012

30/06/11 Actual $000		Notes	30/06/12 Actual $000	30/06/12 Main Estimates $000	30/06/12 Supp* Estimates $000
	CURRENT ASSETS
49,861	Cash		40,555	-	18,615
872	Debtors and receivables	2	120	517	872
3,633	Prepayments	3	2,327	20,816	3,633
-	Derivatives in gain		-	321	-
54,366	Total Current Assets		43,002	21,654	23,120
	NON-CURRENT ASSETS
6,951	Shares in foreign organisations	4	6,133	8,388	6,951
-	Debtors and receivables		896	-	-
6,951	Total Non-Current Assets		7,029	8,388	6,951
61,317	Total Assets		50,031	30,042	30,071

* These are the estimated actuals according to the 2011/12 Supplementary Estimates as shown in the 2012/13 Main Estimates.

In addition, the Ministry monitors the New Zealand Antarctic Institute – a Crown entity. The Ministry also monitors two other entities as defined by Schedule 4 of the Public Finance Act: the Pacific Cooperation Foundation and the Asia New Zealand Foundation respectively. The investment in these entities is recorded within the Crown Financial Statements on a line-by-line basis. No disclosure is made in this schedule.

The non-current debtors and receivables is the bond for the Tokelau interim ferry.

 

Schedule of non-departmental liabilities

As at 30 June 2012

30/06/11 Actual $000		30/06/12 Actual $000	30/06/12 Main Estimates $000	30/06/12 Supp. Estimates $000
	CURRENT LIABILITIES
42,392	Creditors and payables	53,726	24,072	65,923
-	Derivatives in loss	-	-	-
42,392	Total Current Liabilities	53,726	24,072	65,923
	NON-CURRENT LIABILITIES
23,530	Creditors and payables	32,180	694	-
23,530	Total Non-Current Liabilities	32,180	694	-
65,922	Total Liabilities	85,906	24,766	65,923

Current Liabilities - Creditors and payables, includes $25.797 million of accruals and accounts payable for contracts providing for the delivery or implementation of development Activities under the New Zealand Aid Programme (Vote Official Development Assistance). The balance of $27.929 million is for promissory notes issued to the Asian Development Bank, World Bank and Global Environment Fund by New Zealand that will be due for encashment during the year ending 30 June 2013.

Non-Current Liabilities – Creditors and payables of $32.180 million is for promissory notes issued to the Asian Development Bank, World Bank and Global Environment Fund by New Zealand, that will be due for encashment during 30 June 2014 and outyears.

Creditors and other payables are non-interest bearing and are normally settled on 30-day terms, therefore the carrying value of creditors and other payables approximate their fair value.

 

Statement of non-departmental contingent liabilities

As at 30 June 2012

	Foreign Currency $000	30/06/11 NZD $000			30/06/12 Foreign Currency $000	NZD $000
			GUARANTEES
			ADB loan guarantees for the Cook Islands Government:
SDR	2,983	5,770	Telecommunications Loan	SDR	2,830	5,460
SDR	502	972	Multiple Small-Project Loan	SDR	449	867
SDR	1,320	2,554	Multi-Project Loan	SDR	1,240	2,393
SDR	426	824	Development Bank Loan	SDR	387	747
SDR	733	1,418	Development Bank Loan	SDR	706	1,362
SDR	248	480	Telecommunications Loan	SDR	242	468
SDR	6,212	12,018		SDR	5,854	11,297
		-	Other	-	-	10,040
		2,000	Indemnity - other	-	-	2,000
EUR	7,000	12,209	EBRD Uncalled Share Capital	EUR	7,000	11,079
		26,227	Total Non-Departmental Contingent Liabilities			34,416

Unquantified contingent liabilities

The Ministry on behalf of the Crown also has an unquantifiable Contingent Liability for site restoration costs at Scott Base Antarctica should New Zealand withdraw from the Antarctic programme (2011: unquantifiable).

Contingent assets

The Ministry on behalf of the Crown has no contingent assets (30 June 2011: nil).

The accompanying accounting policies and notes are an integral part of these statements and schedules. These non-departmental balances are consolidated into the Financial Statements of the Government and therefore readers of these statements and schedules should also refer to the Financial Statements of the Government for 2011/12.

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