NZDF
Public Documents
Public Documents Archive NZDF Annual Report
Annual Report 2009
Glossary of Terms Used Section 1: CDF Overview Section 2: Defence at a Glance Section 3: Statement of Service Performance Section 4: Veterans' Affairs New Zealand Section 5: Financial Statements and Notes
Statement of Departmental Expenses and Capital Expenditure against Appropriations Note 26: Appropriation Movements Note 25: Reconciliation of Net Surplus/ (Deficit) to Net Cash Flow from Operating Activities Note 24: Related Party Information Note 23: Derivative Financial Instruments Note 22: Categories of Financial Instruments Note 21: Financial Instruments Note 20: Events after Balance Date Note 19: Employee Entitlements Note 18: Provisions Note 17: Surplus Repayable to the Crown Note 16: Creditors and Other Payables Note 15: Intangible Assets Note 14: Property, Plant and Equipment Note 13: Inventories Note 12: Debtors and Other Receivables Note 11: Taxpayers’ Funds Note 10: Other Operating Expenses Note 9: Capital Charge Note 8: Depreciation and Amortisation Note 7: Operating Costs Note 6: Personnel Costs Note 5: Gains Note 4: Departmental Revenue Note 3: Crown Revenue Note 2: Budget Composition Note 1: Statement of Accounting Policies Schedule of Non-Departmental Assets Statement of Non-Departmental Expenditure and Appropriations Schedule of Non-Departmental Expenditure Statement of Capital Expenditure Statement of Contingent Liabilities and Assets Statement of Commitments Statement of Cash Flows Statement of Financial Position Statement of Movements in Taxpayers’ Funds Statement of Financial Performance Audit Report Statement of Responsibility
Annual Report 2008 Annual Report 2007
Statement of Intent NZDF Strategic Plan Development Plan Military Doctrine Public Consultation Viet Nam Veterans Defence Expenditure: Budget Documents Timor Leste

Statement of Contingent Liabilities and Assets

- as at 30 June 2009

Unquantifiable Contingent Liabilities

The NZDF has potential contingent liabilities relating to war exclusion clauses within life insurance policies held by members of the armed forces.

Quantifiable Contingent Liabilities

30 Jun 08
Actual
($000)		   30 Jun 09
Actual
($000)
6,096 Potential claims from legal proceedings and disputes 5,522
6,700 Restructuring cost 6,180
12,796 Total quantifiable contingent liabilities 11,702

The potential claims from legal proceedings and disputes represent the amounts claimed by plaintiffs in relation to the performance of the NZDF’s statutory role. The NZDF is currently disputing these claims.

The NZDF is jointly responsible for redundancy compensation payments if a restructuring of the dockyard contract occurs.

Contingent Assets

The NZDF has no contingent assets (2008 nil).

Statement of Indemnities for the Year Ended 30 June 2009

The Accident Compensation Corporation (ACC) against all claims, costs, liabilities and losses suffered by ACC in connection with a contract to provide surgical, clinical and hyperbaric oxygen treatment services at the Naval Hospital.

Airways Corporation in respect of air traffic control services.

Auckland District Health Board (ADHB) against all claims, costs, liabilities and losses suffered by ADHB in connection with a contract to provide surgical services at the Naval Hospital.

Auckland International Airport Limited in respect of an agreement to permit the NZDF to train at airport facilities.

Canterbury District Health Board against loss or damage resulting from negligence or omission by Army medical personnel training at Christchurch Hospital.

Capital Properties (Wellington) Ltd under the Development Agreement and Lease for the Defence Headquarters Building. The NZDF will also have granted indemnities in respect of other premises it leases in Wellington.

City Forests Limited in respect of an agreement to permit the NZDF to train on City Forests Limited’s land.

GAEA Technology Inc in respect of a contract for provision of information relating to Seasprite engines.

Hughes Global Services Inc. against any breach by the NZDF of the terms of a lease to access a satellite owned by the company.

The NZ Blood Services in respect of blood products.

United Airlines in respect of a contract for the provision of flight simulation training services to the NZDF.

Wenita Forest Products Limited in respect of an agreement to permit the NZDF to train on Wenita Forest Products Limited’s land.

The accompanying notes form part of these financial statements.

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This page was last reviewed on 1 October 2009, and is current.