✨ Financial Statements
29 NOVEMBER THE NEW ZEALAND GAZETTE 5443
4. Interest on Capital Liabilities and Investments
Under section 89 of the Public Finance Act 1977, any money advanced from the Public Account to a government agency constitutes a capital liability of that agency upon which interest is paid at a rate or rates as determined by the Minister of Finance. This table accordingly discloses the moneys received by way of interest. Interest received on Public Account investments and on other loans is also disclosed in the table.
| 1985 | 1984 | |
|---|---|---|
| $(000) | $(000) | |
| On capital liability— | ||
| Air New Zealand Ltd. | 385 | |
| Development Finance Corporation of New Zealand | 192 | 2 |
| Energy: Electricity | 179,713 | 122,721 |
| Energy: Mines | 26,875 | 12,516 |
| Housing | 57,932 | 34,119 |
| Housing Corporation of New Zealand | 144,501 | 80,396 |
| Maori Affairs | 20,466 | 19,261 |
| Natural Gas Corporation of New Zealand Ltd. | 2,670 | |
| New Zealand Railways Corporation | 1,767 | 2,556 |
| Post Office | 46,300 | 15,066 |
| Revolving funds | ||
| Government Printing Office | 989 | |
| Rural Banking and Finance Corporation of New Zealand | 149,535 | 94,934 |
| Tourist Hotel Corporation of New Zealand | 1,299 | |
| 629,954 | 384,241 |
| On other public money— |
| New Zealand's investment in— |
| Winstone-Samsung Industries Ltd. | 511 | 712 |
| Investments made in respect of the— | | |
| Trust Account | 167 | 167 |
| Loans Account | 2,778 | 1,272 |
| Loans Redemption Account | 26,709 | 29,498 |
| On advances to— | | |
| New Zealand Steel Ltd. | 4,029 | 505 |
| New Zealand Steel Development Ltd. | 6,436 | |
| Petroleum Corporation of New Zealand Ltd. | 16,167 | |
| Loans and advances to hospitals, local authorities, etc. | 302 | 302 |
| Loans to local authorities for harbour projects (IBRD loans) | 90 | 116 |
| | 57,189 | 32,572 |
| | $687,143 | $416,813 |
5. Dividends
The following amounts were received by way of dividends during the six months:
| 1985 | 1984 | |
|---|---|---|
| Air New Zealand Ltd. | 53,000 | 8,000 |
| Bank of New Zealand | 10,000 | |
| Petroleum Corporation of New Zealand Ltd. | 14,000 | |
| Winstone-Samsung Industries Ltd. | 3,931 | |
| $63,000 | $25,931 |
6. Profits
The following profits were received during the six months:
| 1985 | 1984 | |
|---|---|---|
| Housing Corporation of New Zealand | 9,759 | |
| Reserve Bank of New Zealand | 79,821 | 45,146 |
| $89,580 | $45,146 |
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VUW Te Waharoa —
NZ Gazette 1985, No 221
NZLII —
NZ Gazette 1985, No 221
✨ LLM interpretation of page content
💰 Interest on Capital Liabilities and Investments
💰 Finance & RevenueInterest, Capital Liabilities, Investments, Public Finance Act 1977, Government Agencies
💰 Dividends Received
💰 Finance & RevenueDividends, Government Investments, Financial Performance
💰 Profits Received
💰 Finance & RevenueProfits, Government Entities, Financial Performance