2 Budget Composition
In this section...
- Annual Report 2007/08 homepage
- Chief Executive's overview
- Strategic direction 2007/2008
- LINZ's performance 2007/2008
- LINZ information
| Main Estimates 30/6/08 $000 |
Supp. Estimates 30/6/08 $000 |
Budget Total 30/6/08 $000 |
|
|---|---|---|---|
| Income | |||
| Revenue Crown | 62,793 | (4,367) | 58,426 |
| Revenue other | 52,140 | 1,676 | 53,816 |
| Total income | 114,933 | (2,691) | 112,242 |
| Expenditure | |||
| Personnel costs | 42,347 | 3,452 | 45,799 |
| Depreciation and amortisation | 13,086 | (2,583) | 10,503 |
| Capital charge | 2,956 | – | 2,956 |
| Restructuring costs | – | – | – |
| Other operating expenses | 70,107 | (1,222) | 68,885 |
| Total expenditure | 128,496 | (353) | 128,143 |
| Net surplus/(deficit) | (13,563) | (2,338) | (15,901) |
Explanations of major changes in the Supplementary Estimates:
Revenue Crown
The decrease in revenue Crown was mainly from transfers of funding to later years, partly off-set by the carry-forward of expense transfers of funding for strategic projects from 2006/07.
Revenue other
The increase in revenue other was due to an upward revision of third-party revenue from survey and title transactions.
Personnel costs
The increase reflects funding for the 100% electronic lodgement Cabinet decision.
Depreciation and amortisation
The decrease reflects capital expenditure occuring later than originally expected.
Other operating costs
The decrease reflects funding for projects carried forward to 2008/09.
