NZDF
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Public Documents Archive NZDF Annual Report
Annual Report 2010 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 Courts of Inquiry Creative Commons Defence Expenditure: Budget Documents Defence White Paper Timor Leste

Note 2: Budget Composition

  Main Estimates
($000)		 Supplementary
Estimates Changes
($000)		 Supplementary
Estimates
($000)
Income      
Crown 2,045,532 37,962 2,083,494
Departmental 10,942 2,000 12,942
Other 8,643 2,000 10,643
Gains - 30,693 30,693
Interest 100 - 100
Total Revenue 2,065,217 72,655 2,137,872
Expenditure      
Personnel 764,208 49,500 813,708
Operating 589,784 (16,344) 573,440
Depreciation and amortisation 349,671 (29,827) 319,844
Capital charge 361,454 38,973 400,427
Total Output Expenses 2,065,117 42,302 2,107,419
Other expenses - 3,000 3,000
Total Expenses 2,065,117 45,302 2,110,419

The main contributors to the Supplementary Estimates changes were:

    ($000)
  Vote: Defence Force  
Personnel expenses The change is largely as a result of increased personnel numbers and market alignment of military remuneration. 47,665
Operating expenses The decrease includes savings and delays in delivery of specialist military equipment. (18,322)
Depreciation Depreciation reduced due to delays in the capitalisation of specialist military equipment. (29,827)
Capital charge This reflects the impact of the June 2008 asset revaluation on the value of Taxpayers' Funds. 38,945
    38,461
 
  Vote: Veterans’ Affairs - Defence Force  
Personnel expenses Relocation of the administration of the War Disablement Pensions from the Ministry of Social Development. 1,835
Operating expenses Relocation of the administration of the War Disablement Pensions from the Ministry of Social Development. 1,978
Capital charge Relocation of the administration of the War Disablement Pensions from the Ministry of Social Development. 28
    3,841

Variations from Budget

The final result for the year was a surplus of $11.711 million, compared with a budget surplus of $27.453 million. The main factors causing this surplus are:

  • An increase in operating expenditure of $38.539 million due to foreign exchange losses.
  • An increase in personnel expenditure of $2.735 million due to the increase in RF personnel numbers.
  • A decrease in depreciation of $13.644 million due to delays in the capitalisation of specialist military equipment.
  • An increase in the gain on sale of fixed assets of $11.355 million due to the completion of the sale of Shelly Bay.

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