Statement of Intent - 2004 - Part 3
Schedule of Forecast Cash Flows from Operating Activities - pages 86-87
for the year ended 30 June 2005
| Budgeted 2004 $000 |
Estimated actual 2004 $000 |
Forecast 2005 $000 | |
|---|---|---|---|
| Cash flows from operating activities | |||
| Direct taxation | |||
| Individuals | |||
| Source deductions | 16,420,000 | 16,800,000 | 17,650,000 |
| Other persons | 4,660,000 | 4,350,000 | 4,500,000 |
| Refunds | (1,290,000) | (1,425,000) | (1,340,000) |
| Fringe benefit tax | 375,000 | 412,000 | 431,000 |
| Sub-total individuals | 20,165,000 | 20,137,000 | 21,241,000 |
| Companies | |||
| Gross company tax - other | 5,795,000 | 7,097,000 | 7,293,000 |
| Gross company tax - state-owned enterprises | 272,000 | 280,000 | 386,000 |
| Gross company tax - Crown entities | 58,000 | 51,000 | 56,000 |
| Gross company tax - NZS fund | 138,000 | 138,000 | 181,000 |
| Refunds | (708,000) | (1,090,000) | (1,016,000) |
| Sub-total companies | 5,555,000 | 6,476,000 | 6,900,000 |
| Withholding tax | |||
| Residents' interest | 1,060,000 | 1,210,000 | 1,300,000 |
| Residents' dividends | 54,000 | 51,000 | 55,000 |
| Foreign source dividends | 122,000 | 125,000 | 135,000 |
| Non-residents' income | 720,000 | 830,000 | 814,000 |
| Sub-total withholding tax | 1,956,000 | 2,216,000 | 2,304,000 |
| Total income tax | 27,676,000 | 28,829,000 | 30,445,000 |
| Other direct taxation | |||
| Estate and gift duties | 1,000 | 2,000 | 2,000 |
| Sub-total other direct taxation | 1,000 | 2,000 | 2,000 |
| Total direct taxation | 27,677,000 | 28,831,000 | 30,447,000 |
| Indirect taxation | |||
| Goods and services tax | |||
| GST (Inland Revenue) | 13,851,000 | 14,729,000 | 15,667,000 |
| GST (refunds) | (6,105,000) | (6,329,000) | (6,922,000) |
| Sub-total GST | 7,746,000 | 8,400,000 | 8,745,000 |
| Other indirect taxation | |||
| Stamp and cheque duties | 50,000 | 54,000 | 54,000 |
| Gaming duties | 311,000 | 298,000 | 318,000 |
| Other | 0 | 1,000 | 1,000 |
| Sub-total other indirect taxation | 361,000 | 353,000 | 373,000 |
| Total indirect taxation | 8,107,000 | 8,753,000 | 9,118,000 |
| Total taxation receipts | 35,784,000 | 37,584,000 | 39,565,000 |
| Compulsory fees, fines and penalties (child support) | 163,300 | 167,500 | 189,100 |
| Other receipts | |||
| Interest from investment (student loan) | 188,746 | 203,057 | 204,452 |
| Total other receipts | 188,746 | 203,057 | 204,452 |
| Total cash provided from operating activities | 36,136,046 | 37,954,557 | 39,958,552 |
| Cash was disbursed to | |||
| Finance cost | (3,376) | 1,942 | (1,800) |
| Family assistance tax credits | (1,056,000) | (1,033,000) | (1,166,300) |
| Total cash disbursed to operating activities | (1,059,376) | (1,031,058) | (1,168,100) |
| Net cash flows from operating activities | 35,076,670 | 36,923,499 | 38,790,452 |
The accompanying accounting policies form part of these financial schedules.
Other pages in: Statement of Intent - 2004 - Part 3
- Statement of accounting policies and forecast assumptions - pages 78-79
- Statement of accounting policies and forecast assumptions - page 80-81
- Schedule of Forecast Expenditure - page 82
- Schedule of Forecast Assets - page 83
- Schedule of Forecast Liabilities - page 84
- Schedule of Forecast Movements in Equity - page 85
- Schedule of Forecast Cash Flows from Investing Activities - page 88
- Schedule of Forecast Expenditure - page 89
- Schedule of Forecast Cash Movements - page 90
- Schedule of Forecast Operating Surplus to Operating Cash Flow - page 91
- Schedule of Forecast Contingent Liabilities - page 92
- Schedule of Forecast Accident Compensation Collection - page 93
- Schedule of Forecast Expenditure and Appropriations - page 94
- Schedule of Forecast Student Loans - page 95
- Statement of Intent a map of Inland Revenue office locations - page 96
Date published: 16 Nov 2004
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