Annual Report for the Year Ended 30 June 2010

Financial Statements for the Year Ended 30 June 2010

Statement of Comprehensive Income for the year ended 30 June 2010

The Statement of Comprehensive Income shows the components of revenue and expenditure (exclusive of Goods and Services Tax) relating to all outputs produced by Te Puni Kōkiri.

30Jun09
Actual

$000s
Note 30 Jun 10
Actual

$000s
30 Jun 10
Main
Estimates

$000ss
30 Jun 10
Supps
Estimates

$000s
  Income        
  Crown        
  Departmental(s)        
  Other revenue 2      
66,761 Total Income   55,158 64,206 54,675
           
  Expenses        
32,585 Personnel 3 28,735 35,228 30,053
26,869 Operating 4 22,584 26,677 22,771
1,455 Depreciation and amortisation 5 1,481  1,768 1,504
355 Capital charge 6 346 533 342
61,264 Total Expenses   53,146 64,206 54,675
5,479 Net Surplus / (Deficit)   2,012 - -
- Other comprehensive income - - - -
5,497 Total Comprehensive Income   2,012 - -

The accompanying accounting policies and notes form part of these Financial Statements. Explanation of major variances against budget is detailed in note 14.

Statement of Movements in Taxpayers' Funds for the year ended 30 June 2010

The Statement of Movements in Taxpayers' Funds shows the reconciliation of funds at the beginning of the year with the funds at the end of the year.

30Jun09
Actual

$000s
30 Jun 10
Actual

$000s
30 Jun 10
Main
Estimates

$000ss
30 Jun 10
Supps
Estimates

$000s
  Balance at 1 July      
4.764 General Funds 6,146 6,147 6.146
4,764 Taxpayers' Funds Opening Balance 6,146 6,147 6,146
         
  Changes in Taxpayers' Fund Income and Expense for the Period      
5,497 Net surplus / (Deficit) for the year 2,012 - -
5,497 Total Income and Expenses for the Period 2,012 - -
         
  Other Charges      
(5,497) Repayment of Surplus (2,012)    
1,382 Capital contribution - 1,995 1,383
- Capital withdrawal (1,525) (86) (1,525)
(4,115) Total charges in Taxpayers' Fund (3,537) 1,909 (142)
         
  Balance at 30 June      
6,146 General Funds 4,621 8,056 4,621
6146 Taxpayers' Fund as at 30 June 4,621 8,056 4,621

The accompanying notes form part of these financial statements.


STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2010
 The Statement of Financial Position shows the major classes of assets and major classes of liabilities and equity of Te Puni Kōkiri. The difference between the assets and liabilities is the taxpayers' funds (net assets).
30Jun09
Actual

$000s
Note 30 Jun 10
Actual

$000s
30 Jun 10
Main
Estimates

$000ss
30 Jun 10
Supps
Estimates

$000s
  Assets        
  Current Assets        
11,905 Cash and cash equivalents   10,384 7,037 5,562
87 Debtors and other recievables   373 50 50
240 Prepayments   290 114 114
12,232 Total Current Assets   11,047 7,201 5,726
           
  Non-current Assets        
4,031 Property, plant and equipment 7 2,735 4,462 3,239
376 Intangible assets 8 216 993 259
4,407 Total Non-current Assets   2,951 5,455 3,498
16,639 Total Assets   13,998 12,656 9,224
           
  Liabilities        
  Current Liabilities        
           
2,137 Creditors and other payables 9 5,018 2,000 2,000
5,497 Repayment of surplus   2,012 - -
2,562 Employee entitlements 10 2,016 2,160 2,007
10,196 Total Current Liabilities   9,046 4,160 4,007
           
  Non-current Liabilities        
297 Employee entitlements 10 331 440 596
297 Total Non-current Liabilities   331 440 596
10,493 Total Liabilites   9,337 4,500 4,603
           
  Taxpayers' Funds        
6,146 General Funds   4,621 8,056 4,621
6,146 Total Taxpayers' Funds   4,621 8,056 4,621
16,639 Total Liabilities and Taxpayers' Fund   13,998 12,656 9,224

Total Liabilities and Taxpayers' Funds 13,998 12,656 9,224 Explanation of major variances against budget is detailed in note 14. The accompanying notes form part of these financial statements.


Statement of Cash Flows for the year ended 30 June 2010

The statement of cashflows shows the cash recieved and paid by Te Puni Kōkiri during the year, from its activities

30Jun09
Actual

$000s
30 Jun 10
Actual

$000s
30 Jun 10
Main
Estimates

$000ss
30 Jun 10
Supps
Estimates

$000s
  Cash flows from Operating Activities      
  Reciepts from:      
66,078 Crown 54,170 63,661 54,170
681 Department(s) 320 545 505
17) Other 381 86 163
         
  Payments to:      
  -      
(31,880) Suppliers (18,823) (30,585) (26,324)
(30,031) Employees (29,359) (34,726) (29,788)
(358) Capital Charge (346) (533) (347)
(863) Goods and Services tax (net) (811) 3,406 2,895
3,610 Net Cash from Operating Actitivies 5,532 1,854 1,274
  Cash Flow from Investing Actitivites      
         
  Reciepts from:      
200 Sale of property, plant and equipment 61 - -
         
  Purchase of:      
(2,370) Property, plant and equipment (524) (3,283) (595)
(132) Other non-current assets (22)   (1,525)
(2,304) Net Cash from Investing Activities      
         
  Cash Flow from Financing Activities      
(2,973) Repayment of surplus (5,497) - (5,497)
1,382 Capital contribution - 1,909 -
- Other financing cash outflows (1,701)   -
(1591) Net Cash from Financing Activities (6,568) 1,909 (5,497)
(283) Net Increase / (Decrease) in cash (1,521) 480 (6,343)
12,188 Cash at the beginning of the year 11,905 6,557 11,905
11,905 Cash at the end of the year 10,384 7,037 5,562

Reconciliation of Net Operating Surplus to Net Cash Flows from Operating Activities for the Year Ended 30 June 2009

The Reconciliation of Net Operating Surplus to Net Cash Flows from Operating Activities shows the non-cash adjustments and other adjustments applied to the net operating surplus as reported in the Statement of Comprehensive Income on page 56 to arrive at the net cash fl ows from operating activities disclosed in the Statement of Cash Flows on page 59.

30Jun09
Actual

$000s
30 Jun 10
Actual

$000s
30 Jun 10
Main
Estimates

$000ss
30 Jun 10
Supps
Estimates

$000s
5,497 Net Operating Surplus 2,012 - -
  Add: Non-cash items      
1,455 Depreciation 1,481 1,768 1,504
1,455 Total non-cash items 1,481 1,768 1,505
         
  Add/(Less) movements in working capital items      
(46) (Increase)/Decrease in debtors and receiveables (286) 86 163
27 (Increase)/Decrease in prepayments   - -
  (Increase)/Decreasein Creditors & Payables 2,883 - (137)
  (Increase)/Decrease in current employee entitlements (512) - (256)
(3,311) Net movements in working capital 2,035 86 (230)
  Add/(Less) investing activity      
(31) Loss/Gain on sale of fixed assets 4 - -
(31) Total investing activity 4 - -
3,610 Net cash flow from operating activity 5,532 1.854 1,274

Statement of Departmental Commitments as at 30 June 2010

The Statement of Departmental Commitments shows the future contractual obligations (exclusive of GST) of Te Puni Kōkiri that will become liabilities if and when the terms and conditions of existing contracts are met.

Operating leases include lease payments for premises and motor vehicles.

Te Puni Kōkiri has long-term leases on its premises in New Zealand. The annual lease payments are subject to regular reviews, ranging from one year to four years. The amounts disclosed below as future commitments are based on the current rental rates.

30Jun09
Actual

$000s
30 Jun 10
Actual

$000s
  Accommodation lease commitments  
3,217 Less than one year 311
1,093 One to two years 204
350 Two to five years -
- More than five years -
4,660 Total accommodation lease commitments 2,216
     
  Other operating commitments  
324 Less than one year 311
319 One to two years 204
210 Two to five years -
- More than five years -
853 Total other operating commitments 515
5,513 Total commitments 2,731

Statement of Departmental Contingent Assets and Liabilities as at 30 June 2010

The Statement of Departmental Contingent Assets and Liabilities shows amounts at balance date that could potentially become assets or liabilities depending on the occurrence of one or more uncertain future events after 30 June 2010. It does not include general or unspecified business risks or conditions.

30-June-09
Actual
$000
  30-June-09
Actual
$000
Contingent Liabilities
257 Public Liability claims -
- Other Liability claims 30
257 Total Contingent Liabilites 30

Statement of Departmental Expenditure and Capital Expenditure Appropriations for the year ended 30 June 2010

The Statement of Departmental Expenditure and Capital Expenditure Appropriations show expenditure (exclusive of Goods and Services Tax) against funds appropriated by Parliament.

30Jun09
Actual
$000s
30-Jun-10
Actual
$000s
30-Jun-10
Main
Estimates
$000s
30-Jun-10
Supps
Estimates
$000s
VOTE: MĀORI AFFAIRS
Appropriation for classes of outputs
8,622 Policy-Social and Cultural 8,578 8,362 9,023
11,786 Policy-Economic and Enterprise 11,778 12,149 12,061
6,571 Policy-Crown Māori Relationships 5,832 6,883 6,081
8,732 Relationships and Information 7,726 8,965 7,870
16,625 Operations Management 10,069 10,009 10,360
8,817 Services to the Maori Trustee - 10,004 -
- Whanau Ora Administration 1,019 - 1,076
- Integrated Whanau Social Assistance 7,659 7,334 7,704
111 Ministerial Economic Taskforce 485 500 500
61,264 Total Appropriations for Classes of Outputs 53,146 64,206 54,675

Statement of Departmental Unappropriated Expenditure and Capital Expenditure as at 30 June 2010

There was no unappropriated expenditure for the year ended 30 June 2010 (Nil for the year ended 30 June 2009).

Explanation of major variances against budget is detailed in note 14. The accompanying notes form part of these financial statements.


Back to top