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Statement of Intent 2009-2012
ANNUAL INFORMATION - FOR THE 09/10 FINANCIAL YEAR
Appropriations
During 2009/10 the Securities Commission is appropriated to supply services under Vote Commerce, for three classes of outputs, as follows:2009/10 Vote Commerce $000 |
2008/9 Estimates $000 |
|
|---|---|---|
| Non-departmental output expenses This appropriation is limited to the performance of statutory functions by the Securities Commission |
9,121 |
7,301 |
Non-departmental capital expenditure |
600 |
- |
Other expenses to be incurred by the Crown |
1,370 |
1,370 |
Further information is available in B5 of Budget 2009 - Estimates of Appropriation for the Government of New Zealand for the year ending 30 June 2010.
Forecast Financial Statements
Statement of Forecast Comprehensive Income
for the year ended 30 June 2010
| 2009/10 Forecast $000 |
2008/9 Estimate $000 |
|
|---|---|---|
| Income | ||
| Government grant | 9,121 |
7,301 |
| Administrative services to Takeovers Panel | 96 |
494 |
| Exemptions and authorisations fees | 250 |
260 |
| Interest | 75 |
163 |
| Miscellaneous | 28 |
- |
| Litigation fund income - government grant & bank interest | 844 |
655 |
| Total income | 10,414 |
8,873 |
| Expense | ||
| Personnel expenses | 6,934 |
5,325 |
| Occupancy expenses | 709 |
642 |
| Depreciation | 449 |
342 |
| Other operating expenses | 2,553 |
2,241 |
| Litigation fund expense | 844 |
611 |
| Total expense | 11,489 |
9,161 |
| Deficit and total comprehensive income | (1,075) |
(288) |
| |
|
|
| Comprising | ||
| Operating deficit | (1,075) |
(332) |
| Litigation surplus | - |
44 |
| (1,075) |
(288) |
Statement of Forecast Changes in Equity
for the year ended 30 June 2010
Accumulated funds |
Litigation fund |
Total equity |
|
|---|---|---|---|
| $000 | $000 | $000 | |
| Actual at 1 July 2008 | 2,696 |
2,866 |
5,562 |
| Total estimated comprehensive income | (332) | 44 | (288) |
| Repayment of litigation fund capital | - | (2,066) | (2,066) |
| Estimate at 30 June 2009 | 2,364 | 844 | 3,208 |
| Total forecast comprehensive income for the year | (1,075) |
- |
(1,075) |
| Forecast at 30 June 2010 | 1,289 |
844 | 2,133 |
Statement of Forecast Financial Position
as at 30 June 2010
2009/10 Forecast $000 |
2008/09 Estimate $000 |
|
|---|---|---|
| Equity | ||
| Accumulated funds | 1,289 | 2,364 |
| Litigation fund | 844 | 844 |
| 2,133 | 3,208 | |
| Assets | ||
| Current assets | 1,070 | 2,539 |
| Non-current assets | ||
| - property, plant and equipment | 1,593 | 1,192 |
| - computer software | ||
| Liabilities | ||
| Current liabilities | 509 |
489 |
| Non-current liabilities | 21 |
34 |
| Net assets | 2,133 |
3,208 |
Statement of Forecast Cash Flows
for the year ended 30 June 2010
2009/10 Forecast $000 |
2008/09 Estimate $000 |
|
|---|---|---|
| Cash flows from operating activities | ||
| Cash was provided from | ||
| - Government grant | 9,121 | 7,301 |
| - Government grant - litigation fund | 1,350 | - |
| - Settlement from Tranz Rail – litigation fund | - | 2,091 |
| - Exemptions and authorisation fees | 255 | 285 |
| - Miscellaneous | 28 | - |
| - Interest | 99 | 225 |
| - Administrative services to the Takeovers Panel | 96 | 501 |
| Cash was applied to | ||
| - Suppliers | (4,219) | (3,691) |
| - Employees | (6,814) | (5,205) |
| - Net GST | (42) | 63 |
| Net cash flows from operating activities | (126) | 1,570 |
| Cash flows from investing activities | ||
| Cash was provided from | ||
| - Sale of fixed assets | - | - |
| - Net decrease in term deposits | 900 | 132 |
| - Net decrease in term deposits (litigation) | - | 650 |
| Cash was applied to | ||
| - Purchase of fixed assets | (850) | (154) |
| - Net increase in term deposit | - | - |
| - Net increase in term deposit (litigation) | - | - |
| Net cash flows from investing activities | 50 | 628 |
| Cash flows from financing activities | ||
| Cash was provided from: | ||
| - Repayment of litigation fund Capital | - | (2,066) |
| - | (2,066) | |
| Net increase/(decrease) in cash balances | (76) |
132 |
| Add opening cash and cash equivalents balance | 358 |
226 |
| Closing cash and cash equivalents balance carried forward | 282 |
358 |
| Comprising | ||
| Current account cash and cash equivalents | 39 |
115 |
| Litigation fund cash and cash equivalents | 243 |
243 |
282 |
358 |
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