Notes to the Financial Statements continued

for the year ended 30 June 2006

Note 4: Depreciation

	2006 Actual $000	2006 Main Estimates $000	2006 Supplementary Estimates $000	2005 Actual $000
Office equipment	32	32	32	20
Leasehold improvements	237	323	205	132
Furniture and fittings	16	127	56	7
Computer hardware	716	935	453	324
Computer software	224	287	414	272
Motor vehicles	32	32	19	29
Total depreciation	1,257	1,736	1,179	784

Note 5: Capital Charge

The Department pays a capital charge to the Crown based on taxpayers' funds held by the Department as at 30 June and 31 December each year. The capital charge rate for 2006 was 8 percent (2005: 8 percent)

Note 6: Debtors and Receivables

	2006 Actual $000	2006 Main Estimates $000	2006 Supplementary Estimates $000	2005 Actual $000
Trade debtors and other receivables	1,237	1,000	1,000	(46)
Less provision for doubtful debts	(3)	-	-	-
Net trade debtors and other receivables	1,234	1,000	1,000	(46)
Tenancy bond current account	13,261	9,137	12,000	7,787
GST receivable	419	69	-	360
Debtor Crown 6	1,309	1,109	-	77
Total debtors and receivables	16,223	11,315	13,000	8,178

 ⁶ The Debtor Crown is for the outstanding capital contribution to fund the deficit on memorandum account Occupational Licensing - Building Practitioners.

Note 7: Property, Plant and Equipment

	2006 Cost $000	2006 Accumulated Depreciation $000	2006 Net Book Value $000	2005 Cost $000	2005 Accumulated Depreciation $000	2005 Net Book Value $000
Office equipment	299	214	85	370	251	119
Leasehold improvements	6,446	1,014	5,432	1,296	956	340
Furniture and fittings	246	144	102	299	178	121
Computer hardware	3,121	1,793	1,328	2,461	1,724	737
Computer software	1,810	926	884	1,869	885	984
Motor vehicles	397	267	130	356	290	66
Work in progress
- leasehold improvements	139	-	139	281	-	281
- furniture and fittings	-	-	-	1	-	1
- computer hardware	8	-	8	384	-	384
- computer software	125	-	125	_	-	-
Total property, plant and equipment	12,591	4,358	8,233	7,317	4,284	3,033

Note 8: Creditors and Payables

	2006 Actual $000	2006 Main Estimates $000	2006 Supplementary Estimates $000	2005 Actual $000
Trade creditors	2,843	1,437	11,903	5,604
Creditor for fixed assets 7	1,614	-	-	-
Accrued expenses	1,970	502	200	51
GST payable	-	76	80	277
Other	15	-	-	-
Total creditors and payables	6,442	2,015	12,183	5,932

Note 9: Provision for Restructuring

	2006 Actual $000	2006 Main Estimates $000	2006 Supplementary Estimates $000	2005 Actual $000
Opening balance of provision	247	-	247	-
Movement in provision	(72)	-	(170)	247
Closing balance of provision for restructuring	175	-	77	247

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 ⁷ The creditor for fixed assets is primarily for outstanding claims for national office leasehold improvements.

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