Departmental financial statements

Statement of financial performance
for the year ended 30 June 2006
Actual 2005 $000		Notes	Actual 2006 $000	Main estimates 2006 $000	Supp estimates 2006 $000
	Revenue
405,194	Crown		458,687	445,485	458,687
25,273	Other	1	27,782	29,436	29,436
430,467	Total operating revenues		486,469	474,921	488,123
	Expenditure
264,907	Personnel expenses	2	298,670	295,571	310,739
126,170	Operating expenses	3	137,661	135,828	133,664
31,186	Depreciation expense	4	35,437	34,823	36,076
7,023	Capital charge	5	7,644	8,699	7,644
73	Loss on sale of fixed assets		242	0	0
429,359	Total operating expenses		479,654	474,921	488,123
1,108	Net surplus/(deficit)		6,815	0	0

The accompanying accounting policies and notes form part of these financial statements.

Statement of movements in equity
for the year ended 30 June 2006
Actual 2005 $000		Actual 2006 $000	Main estimates 2006 $000	Supp estimates 2006 $000
87,793	Equity at start of year	95,892	95,892	95,892
1,108	Surplus/(deficit) for year	6,815	0	0
1,108	Total recognised revenues and expenses for year	6,815	0	0
8,099	Capital contributions	37,818	22,518	37,818
0	Repayment of capital to the Crown	(2,879)	(679)	(2,879)
(1,108)	Provision for repayment of surplus to the Crown	(6,815)	0	0
95,892	Equity at end of year	130,831	117,731	130,831

The accompanying accounting policies and notes form part of these financial statements.

Statement of financial position
as at 30 June 2006
Actual 2005 $000		Notes	Actual 2006 $000	Main estimates 2006 $000	Supp estimates 2006 $000
	Taxpayers' funds
95,892	Taxpayers' funds		130,831	117,731	130,831
95,892	Total taxpayers' funds		130,831	117,731	130,831
	Represented by:
	Current assets
26,591	Cash		4,995	10,567	10,567
1,565	Prepayments		2,307	3,000	3,000
22,000	Debtor Crown		84,223	27,000	47,583
3,194	Debtors and receivables	6	5,018	2,887	2,887
53,350	Total current assets		96,543	43,454	64,037
	Non-current assets
108,379	Fixed assets	7	122,162	132,532	135,294
108,379	Total non-current assets		122,162	132,532	135,294
161,729	Total assets		218,705	175,986	199,331
	Current liabilities
21,291	Creditors and payables	8	36,233	19,213	22,524
1,108	Provision for repayment of surplus to the Crown		6,815	0	0
14,091	Provision for employee entitlements	9	16,107	13,772	14,000
1,053	Provision for restructuring expenses	10	650	570	570
37,543	Total current liabilities		59,805	33,555	37,094
	Non-current liabilities
26,931	Provision for employee entitlements	9	27,069	23,794	30,500
1,363	Provision for restructuring expenses	10	1,000	906	906
28,294	Total non-current liabilities		28,069	24,700	31,406
65,837	Total liabilities		87,874	58,255	68,500
95,892	Net assets		130,831	117,731	130,831

The accompanying accounting policies and notes form part of these financial statements.

Statement of cash flows
for the year ended 30 June 2006
Actual 2005 $000		Notes	Actual 2006 $000	Main estimates 2006 $000	Supp estimates 2006 $000
	Cash flows - operating activities
	Cash provided from: Supply of outputs to
419,360	- Crown		396,464	440,485	433,104
2,916	- departments		4,370	4,418	4,418
24,721	- other		21,588	25,018	25,018
446,997			422,422	469,921	462,540
	Cash was disbursed for:
	Cost of producing outputs
265,716	- personnel		295,662	302,423	310,739
118,758	- operating		125,914	127,250	131,018
(190)	- net GST paid		(828)	32	0
7,023	- capital charge		7,644	8,699	7,644
391,307			428,392	438,404	449,401
55,690	Net cash inflow/(outflow) from operating activities	11	(5,970)	31,517	13,139
	Cash flows - investing activities
	Cash provided from:
45	Sale of fixed assets		1,123	0	0
	Cash disbursed for:
50,930	Purchase of fixed assets		50,580	52,711	62,994
(50,885)	Net cash inflow/(outflow) from investing activities		(49,457)	(52,711)	(62,994)
	Cash flows - financing activities
	Cash provided from:
8,099	Capital expenditure		37,818	22,518	37,818
	Cash disbursed for:
0	Repayment of surplus		1,108	0	1,108
0	Capital repayments		2,879	679	2,879
0			3,987	679	3,987
8,099	Net cash inflow/(outflow) from financing activities		33,831	21,839	33,831
12,904	Net increase/(decrease) in cash held		(21,596)	645	(16,024)
13,687	Opening cash		26,591	9,922	26,591
26,591	Closing cash		4,995	10,567	10,567

The accompanying accounting policies and notes form part of these financial statements.

Statement of commitments
as at 30 June 2006
Actual 2005 $000		Notes	Actual 2006 $000	Main estimates 2006 $000	Supp estimates 2006 $000
	Capital commitments
	Equipment
1,512	Less than one year		2,109	1,614	1,842
1,512	Total capital commitments		2,109	1,614	1,842
	Operating commitments
	Non-cancellable accommodation leases
23,710	Less than one year		25,350	15,211	24,935
21,659	One to two years		21,836	11,251	21,214
30,535	Two to five years		23,436	11,154	18,543
3,313	Over five years		3,984	2,092	1,638
79,217	Total accommodation commitments		74,606	39,708	66,330
	Other non-cancellable leases
8,436	Less than one year		0	21,135	8,151
7,865	One to two years		0	20,465	7,865
23,596	Two to five years		0	59,737	23,596
7,865	Over five years		0	23,819	0
47,762	Total other lease commitments		0	125,156	39,612
	Cancellable contracts for the supply of goods and services
20,114	Less than one year		29,548	6,044	28,869
445	One to two years		8,088	216	216
648	Two to five years		24,245	648	648
270	Over five years		54	54	54
21,477	Total supply commitments		61,935	6,962	29,787
148,456	Total operating commitments		136,541	171,826	135,729
149,968	Total commitments	12	138,650	173,440	137,571

The accompanying accounting policies and notes form part of these financial statements.

Total other lease commitments were lower than budget by $125.156 million due to a reclassification of a contract from an operating lease to a supply of services during the year.

Statement of contingent liabilities
as at 30 June 2006
Actual 2005 $000		Notes	Actual 2006 $000
185	Personal grievances		140
981	Legal proceedings and disputes		1,591
1,166	Total contingent liabilities	13	1,731

The accompanying accounting policies and notes form part of these financial statements.

Statement of unappropriated expenses and capital expenditure
for the year ended 30 June 2006

Inland Revenue incurred no unappropriated expenses and capital expenditure to 30 June 2006 (2005: nil).

Statement of appropriations
for the year ended 30 June 2006
Actual 2005 $000		Actual 2006 $000	Final voted* 2006 $000
	Vote: Revenue
	Appropriations for output expenses
9,610	Policy advice	10,032	10,036
6,459	Adjudication and rulings	7,155	7,275
104,696	Information services	124,473	127,614
57,425	Revenue assessment and collection	59,654	61,360
62,146	Management of debt and outstanding returns	71,275	71,336
109,215	Taxpayer audit	118,737	120,761
59,308	Assessment and collection of child support	67,828	69,241
20,500	Collection of ACC levies	20,500	20,500
429,359	Total	479,654	488,123
	Capital expenditure
8,099	Capital expenditure	37,818	37,818
8,099	Total	37,818	37,818

*This includes adjustments made in the Supplementary Estimates and transfers under the Public Finance Act 1989.

Transfers under section 26(a) Public Finance Act 1989
	Supp estimates 2006 $000	Section 26(a) transfers 2006 $000	Final voted 2006 $000
Vote: Revenue
Appropriations for output expenses
Policy advice	10,036	0	10,036
Adjudication and Rulings	7,025	250	7,275
Information services	131,614	(4,000)	127,614
Revenue assessment and collection	65,860	(4,500)	61,360
Management of debt and outstanding returns	68,086	3,250	71,336
Taxpayer audit	118,761	2,000	120,761
Assessment and collection of child support	66,241	3,000	69,241
Collection of ACC levies	20,500	0	20,500
Net adjustment	488,123	0	488,123

The accompanying accounting policies and notes form part of these financial statements.

Departmental financial statements

Statement of unappropriated expenses and capital expenditurefor the year ended 30 June 2006

Statement of unappropriated expenses and capital expenditure
for the year ended 30 June 2006