3 Financial Overview and Performance Variations
In this section...
- Annual Report 2007/08 homepage
- Chief Executive's overview
- Strategic direction 2007/2008
- LINZ's performance 2007/2008
- LINZ information
Non-departmental accounts
Non-departmental output expenses
Non-departmental output expenses includes expenditure for contaminated site management and the maintenance of facilities on Crown land around hydro lakes.
Contaminated sites is a demand driven appropriation and the spending in 2007/08 reflects the demand for remedial action during the financial year ending 30 June 2008.
Funding for the maintenance of facilities on Crown land around hydro lakes was spent, in the 2007/08 financial year, on upgrading facilities around Lake Wanaka. Funding has been carried forward to 2008/09 to enable this project to be completed.
Other operating expenses
Other operating expenses is underspent due largely to funding of $85.000 million for the impact of a covenant on the value of land prior to sale not being utilised during the financial year.
Capital expenses
The underspend on capital expenditure is due to a delay in expenditure associated with the land tenure reform programme.
The funding has been carried forward to the 2008/09 financial year to reflect revised expectations on when capital expenditure associated with this programme will now be incurred.
