Statement of Forecast Financial Performance
FOR THE YEAR ENDING 30 JUNE 2008
The Forecast Statement of Financial Performance details the revenue and expenses relating to all outputs (goods and services) to be produced by the Ministry.
| ACTUAL 2005/06 $(000) |
BUDGET 2006/07 $(000) |
ESTIMATED ACTUAL 2006/07 $(000) |
FORECAST 2007/08 $(000) | |
|---|---|---|---|---|
| Revenue | ||||
| Crown | 156,355 | 183,775 | 181,223 | 175,444 |
| Departments | 3,979 | 4,806 | 4,806 | 4,806 |
| Other | 76,178 | 91,181 | 86,631 | 91,590 |
| Total Revenue | 236,512 | 279,762 | 272,660 | 271,840 |
| Expenses | ||||
| Output Expenses | ||||
| Personnel | 119,834 | 129,462 | 129,462 | 134,853 |
| Operating | 108,134 | 137,010 | 130,833 | 123,747 |
| Depreciation and amortisation | 8,704 | 11,480 | 11,480 | 11,260 |
| Capital charge | 1,241 | 1,810 | 1,810 | 1,980 |
| Total Output Expenses | 237,913 | 279,762 | 273,585 | 271,840 |
| Surplus/(Deficit) from Operations | (1,401) | - | (925) | - |
| Other expenses | 36 | 60 | 60 | 60 |
| Net Surplus/(Deficit) | (1,437) | (60) | (985) | (60) |
The forecast financial statements for 2007/08 have been prepared in accordance with NZ GAAP and comply with NZ IFRS and other applicable financial reporting standards, as appropriate for public benefit entities. The comparative figures for 2005/06 and 2006/07 have been prepared under current GAAP and have not been restated to comply with NZ IFRS.
The Statement of Accounting Policies should be read in conjunction with these financial statements.
Contact for Enquiries
Strategy and Performance Group
Ministry of Agriculture and Forestry
Pastoral House
25 The Terrace
PO Box 2526, Wellington
Tel: +64 4 894 0100
Fax: +64 4 894 0738
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