| |
Main
Estimates
($000) |
Supplementary
Estimates Changes
($000) |
Supplementary
Estimates
($000) |
| Revenue |
| Crown |
1,975,271 |
(100,279) |
1,874,992 |
| Departmental |
9,064 |
1,578 |
10,642 |
| Other |
8,226 |
(83) |
8,143 |
| Gain |
– |
14,451 |
14,451 |
| Interest |
100 |
– |
100 |
| Total Revenue |
1,992,661 |
(84,333) |
1,908,328 |
| Expenditure |
| Personnel |
655,813 |
26,803 |
682,616 |
| Operating |
621,898 |
(48,738) |
573,160 |
| Depreciation |
338,618 |
(57,218) |
281,400 |
| Capital charge |
376,232 |
(19,631) |
356,601 |
| Total Output Expenses |
1,992,561 |
(98,784) |
1,893,777 |
| Other expenses |
– |
2,700 |
2,700 |
| Total Expenses |
1,992,561 |
(96,084) |
1,896,477 |
| Net operating surplus/(deficit) |
100 |
11,751 |
11,851 |
The main contributors to the Supplementary Estimates changes were:
|
($000) |
|
Vote Defence Force |
| Personnel expenses |
The change is largely as a result of a general pay increase and increased RF personnel numbers |
26,803 |
| Operating expenses |
The change consists largely of transfers identified to provide for forecast growth in RF personnel numbers and $25M transferred to 2008/09 |
(48,738) |
| Depreciation |
Depreciation decreased due to a $43M transfer to 2008/09 and a $13M reduction due to asset revaluations at June 2007 |
(57,218) |
| Capital charge |
This reflects the impact of the June 2007 asset revaluation on the value of taxpayers funds |
(19,631) |
|
|
(98,784) |
| Vote Veterans’ Affairs – Defence |
|
There were no supplementary estimates changes |
– |
|
Vote Veterans’ Affairs – Defence |
– |
Variations from Budget
The final result for the year was a surplus of $19.928 million, compared with a budget surplus of $11.851 million. The main factors causing this surplus are:
- An increase in personnel costs of $9.175 million due to one off increases in leave provisions associated with the implementation of the revised military remuneration system.
- An underspend of $11.493 million in operating expenditure due to delays in the delivery of Protector vessels and aircraft undergoing major modifications resulting in reduced levels of operational activity and maintenance.
- An underspend in operating expenditure on operationally deployed forces of $4.797 million.
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