3 Financial Statements and Schedules: Non-Departmental
The following non-departmental statements and schedules record the expenses, revenue and receipts, assets and liabilities that the Ministry manages on behalf of the Crown. The Ministry for the Environment administered $25.640 million of non-departmental payments, $1.719 million of non-departmental revenue and receipts, $10.229 million of assets and $7.011 million of liabilities on behalf of the Crown for the year ended 30 June 2003.
These non-departmental balances are consolidated into the Crown Financial Statements and therefore readers of these statements and schedules should also refer to the Crown Financial Statements for 2002/03.
Statement of accounting policies
Measurement and recognition rules applied in the preparation of these non-departmental financial statements and schedules are consistent with generally accepted accounting practice and Crown accounting policies.
Land holdings
With the disestablishment of the Ministry of Works and Development in 1988, the Ministry for the Environment inherited a large number of land holdings consisting of:
- reserves that have been taken for flood protection purposes, and
- soil conservation reserves.
These land holdings have not been included in the Crown Asset Schedule as at 30 June 2003 as there is uncertainty regarding ownership and values of the land. As at 30 June 2003, land recorded in the Ministry's name had a government valuation of $10.3 million. The Ministry is currently confirming legal status of the land held, number of holdings and any liabilities associated with the land.
Crown revenue and receipts as at 30 June 2003
View Crown revenue and receipts (large table)Schedule of expenses as at 30 June 2003
The schedule of expenses summarises non-departmental expenses that the Ministry administers on behalf of the Crown. Further details are provided in the Statement of Non-Departmental Expenditure and Appropriations on page 59.
View schedule of expenses as at 30 June 2003 (large table)Schedule of assets as at 30 June 2003
The schedule of assets summarises the assets that the Ministry administers on behalf of the Crown.
View the schedule of assets as at 30 June 2003 (large table)
In addition, the Ministry monitors two Crown Entities. These are the Environmental Risk Management Authority and the Energy Efficiency and Conservation Authority. The investment in these entities is recorded within the Crown Financial Statements on a line by line basis. No disclosure is made in this schedule.
Schedule of liabilities as at 30 June 2003
The schedule of liabilities summarises the liabilities that the Ministry administers on behalf of the Crown.
View the schedule of liabilities as at 30 June 2003 (large table)
Statement of commitments as at 30 June 2003
At 30 June 2003 there were no operating or capital commitments in relation to the activities undertaken by the Ministry on behalf of the Crown.
Statement of contingencies as at 30 June 2003
At 30 June 2003 there was no known contingent liabilities or assets, no indemnities or guarantees were given under section 59 of the Public Finance Act 1989 in relation to the activities undertaken by the Ministry on behalf of the Crown.
The accompanying accounting policies form part of these financial statements and schedules.
