Schedule of Non-Departmental Expenses 

for the year ended 30 June 2005

	Note	2005 Actual $000	2005 Main Estimates $000	2005 Supplementary Estimates $000	2004 Actual $000
Non-Departmental Expenses
Non-departmental output classes		5,201	6,880	5,614	4,501
Benefits or other unrequited expenses		383,602	381,602	386,692	347,463
Non-departmental other expenses		4,500	4,500	4,500	4,500
Capital investment in organisations other than departments		202,416	231,830	215,278	612,206
Total Non-Departmental Expenses		595,719	624,812	612,084	968,670
Non-Cash Expenses
Movement in debt provision		481	-	-	2,114
Total Expenses	1	596,200	624,812	612,084	970,784

Schedule of Non-Departmental Assets

as at 30 June 2005

	Note	2005 Actual $000	2005 Main Estimates $000	2005 Supplementary Estimates $000	2004 Actual $000
Current Assets
Crown bank account		2,684	1,542	10,044	9,060
Receivables and advances	3	661	70	53	53
Total Current Assets		3,345	1,612	10,097	9,113
Non-Current Assets
Investments	4	653,265	789,059	693,447	460,269
Total Non-Current Assets		653,265	789,059	693,447	460,269
Total Assets	2	656,610	790,671	703,544	469,382

Schedule of Non-Departmental Liabilities

as at 30 June 2005

	Note	2005 Actual $000	2005 Main Estimates $000	2005 Supplementary Estimates $000	2004 Actual $000
Current Liabilities
Payables and provisions	5	69,540	24,858	30,603	29,619
Total Current Liabilities		69,540	24,858	30,603	29,619
Term Liabilities		-	-	-	-
Total Liabilities	2	69,540	24,858	30,603	29,619

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Notes to the Financial Schedules 

for the year ended 30 June 2005

Note 1: Non-Departmental Expenditure

The schedule of Non-Departmental Expenses summarises non-departmental expenses that the Department administers on behalf of the Crown. Further details are provided in the Statement of Non-Departmental Appropriations and Expenditure.

Note 2: Non-Departmental Assets and Liabilities

Non-Departmental Assets and Liabilities are administered by the Department of Building and Housing on behalf of the Crown. As these assets and liabilities are neither controlled by the Department of Building and Housing nor used in the production of the Department's outputs, they are not reported in the Department of Building and Housing's Statement of Financial Position.

Note 3: Receivables and Advances

Income-Related Rent Subsidies debt at net realisable value $3,252,000 (2004: $2,167,000) less provision for non-recovery of $2,591,000.

Note 4: Investment

Investment is the purchase of land for State Housing purposes and capital contributions to Housing New Zealand Corporation.

Note 5: Payables and Provisions

Payables and Provisions at net realisable value includes: Income-Related Rent Subsidies accrual of $6,421,000 (2004: $4,999,000); a loan of $ 22,191,000 to Housing New Zealand Corporation to fund the purchase of land (2004: $22,650,000), an Equity drawdown of $37,612,000 payable to Housing New Zealand Corporation, and housing assistance accruals of $3,302,000 (2004: $1,970,000).

These financial schedules to be read in conjunction with the attached accounting policies and notes to the financial schedules.

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