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

Note 19: Employee Entitlements

30 June 08
Actual
($000)		   30 June 09
Actual
($000)
  Current Entitlement  
2,902 Retirement, incentive and long service leave 2,173
24,734 Accrued and annual leave 28,901
27,636 Total Current Entitlement 31,074
  Non–Current Entitlement  
33,399 Retirement, incentive and long service leave 34,948
13,836 Accrued leave 11,503
391 Sick leave 391
2,900 ACC self insurance liability 2,237
50,526 Total Non–Current Entitlement 49,079
78,162 Total Provision for Employee Entitlements 80,153

Annual leave is calculated using the number of days owing as at the end of June 2009. Incentive and long leave are actuarially calculated to reflect the likelihood of a liability being incurred. Accumulated leave and terminal benefits are paid out on release and their values are actuarially calculated using predicted terminal dates.

ACC Accredited Employer Programme

The liability for the ACC Accredited Employer Programme has been actuarially calculated by the NZDF based on expected treatment costs, rehabilitation entitlements, income compensation and historical claims information. This calculation has been completed by the NZDF. Claims management practices focus on limiting liability without compromising care and entitlements.  There has been no inflation or discounting applied in the calculation of the ACC liability as this would have no material impact on the balance.

The NZDF has purchased high cost claim cover to limit liability for any one event to $2.000 million.  The NZDF has a stop loss limit since joining the Accredited Employer Programme set at $9.335 million which is 160% of the risk.

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