✨ Financial Reports and Statements
NEW ZEALAND GAZETTE
No. 36
20. Taxation, National Roads Fund
Taxation into this Fund during the nine months are:
| 1987 | 1986 | |
|---|---|---|
| $(000) | $(000) | |
| Excise duty | 200,386 | 157,237 |
| Road User Charges | 188,153 | 142,295 |
| Total | 388,539 | 299,532 |
Excise duty comprises motor spirits duty and sales tax on liquified petroleum gas and compressed natural gas prior to 1 October 1986. Subsequently collected as excise duty on petrol, liquified petroleum gas and compressed natural gas.
21. Other Receipts, National Roads Fund
These are as follows--
| 1987 | 1986 | |
|---|---|---|
| $(000) | $(000) | |
| Interest | 11,507 | - |
| Miscellaneous | 16,364 | 1,005 |
| Receipts from land and property | 1,399 | 8,717 |
| Total | 29,270 | 9,722 |
22. Expenditure, National Roads Fund
From 1 April 1987 the National Roads Board now reimburses Local Authorities on receipt of claims for subsidised work. Previously 50 percent of a Local Authorities Subsidy entitlement was advanced during the first quarter.
23. Suspense Account
As set out in the General Accounting Policy pertaining to recognition of receipts and payments the Suspense Account contains moneys received but not yet allocated to a particular fund or account.
24. Investments—Public Account Balances
Investments held in New Zealand decreased by $276,334,000 and those held overseas decreased by $2,396,393,000 during the nine months. The following table summarises, by currency, investment holdings for the nine months ended 31 December 1987 and the corresponding period in 1986:
| Currency | 1987 | 1986 |
|---|---|---|
| Canadian dollar | 10,351 | 11,277 |
| Deutschemark | 431,566 | 59,592 |
| Dutch guilder | 43,509 | 42,427 |
| Japanese yen | 1,964,796 | 1,473,506 |
| Pound sterling | 118,988 | 107,431 |
| Swiss franc | 13,347 | 5,923 |
| United States dollar | 1,161,506 | 4,174,449 |
| Total Overseas | 3,744,063 | 5,874,605 |
| New Zealand dollar | 209,436 | 5,770 |
| Total Investments held | 53,953,499 | 5,880,375 |
Note:
1 Includes investments of $204,278,136 held by the National Roads Fund.
25. Expenditure Statement
New Votes:
Lands—
This is a new Vote established on 1 April 1987 to cover the expenses of a transitional unit under the fourth schedule of the State-Owned Enterprises Act 1986 to carry out residual functions of the former Department of Lands and Survey.
Prime Minister—
This is a new Vote established from 1 April 1987. The principal functions are to provide services to the Prime Minister and Cabinet. The External Intelligence Bureau, formerly funded by Vote Prime Minister’s Department was transferred to the Ministry of Foreign Affairs from 1 April 1987.
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VUW Te Waharoa —
NZ Gazette 1988, No 36
NZLII —
NZ Gazette 1988, No 36
✨ LLM interpretation of page content
💰 Taxation into National Roads Fund
💰 Finance & RevenueTaxation, National Roads Fund, Excise duty, Road User Charges
💰 Other Receipts into National Roads Fund
💰 Finance & RevenueReceipts, Interest, Miscellaneous, Land and Property
💰 Expenditure from National Roads Fund
💰 Finance & RevenueExpenditure, National Roads Board, Local Authorities, Subsidised Work
💰 Suspense Account
💰 Finance & RevenueSuspense Account, Receipts, Payments, Allocation
💰 Investments in Public Account Balances
💰 Finance & RevenueInvestments, Public Account, Currency Holdings, New Zealand, Overseas
💰 Expenditure Statement
💰 Finance & RevenueExpenditure, New Votes, Lands, Prime Minister, State-Owned Enterprises