✨ Financial Statements




27 FEBRUARY NEW ZEALAND GAZETTE 779

4. Interest on Capital Liabilities and Investments

Under section 99 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.

1988 1987

On capital liability:
Air New Zealand Ltd. ... 70 ... 105
Energy: Geothermal ... 1,202 ... 1,203
Energy: Mines ... ... 305 ...
Housing ... ... 115,539 ... 106,000
Housing Corporation of New Zealand ... 168,937 ... 205,657
Lands and Survey ... 46,216 ... 9,518
Maori Affairs ... ...
New Zealand Railways Corporation ... 858 ... 1,153
Tourist Hotel Corporation ... 877 ...
Revolving funds ... 3,299 ... 1,101
Government Computing Service Fund ... 3,161 ... 3,282
Government Printing Office Fund ... ...
Ministry of Works (Vogel computing services) ... 85,705 ... 656
Rural Banking and Finance Corporation of New Zealand ... ... 216,021

Total On Capital Liability ... 425,864 ... 545,001

On other public money:
New Zealand's investment inβ€”
New Zealand Investment inβ€”
DFC New Zealand Ltd. ... 3,528 ...
New Zealand Refinery Co. Ltd. ... 492 ...
Valuation New Zealand ... 282 ...
Winstone Pulp Industries Ltd. ... ... 232
Investments made in respect of the Consolidated Account ... 1,984 ... 4,578
Trust Account ... 701 ...
Loans Account ... 33,239 ... 90,931
Loans Redemption Account ... 112,457 ... 94,361

On advances to:
Loans and advances to hospitals, local authorities etc. ... 1,110 ...
Loans to local authorities for harbour projects (IBRD loans) ... 28 ... 50

Total On Other Public Money ... 153,120 ... 192,220

Payments received from state-owned enterprises:
Airways Corporation of New Zealand Ltd. ... 2,095 ...
Auckland International Airport ... 5,486 ...
Coal Corporation of New Zealand Ltd. ... 628 ... 221,000
Electricity Corporation of New Zealand Ltd. ... 276,412 ... 7,116
Land Corporation Ltd. ... 7,450 ... 20,450
New Zealand Forestry Corporation Ltd. ... ...
Telecom Corporation of New Zealand Ltd. ... 56,577 ... 165,000

Total Payments Received From State-Owned Enterprises ... 348,314 ... 415,450

Total Interest ... $927,298 ... $1,152,671

5. Dividends

The following amounts were received by way of dividends during the nine months:

Air New Zealand Ltd. ... 26,000 ... 37,000
Bank of New Zealand ... 52,275 ... 40,910
Broadcasting Corporation of New Zealand ... 6,268 ...
DFC New Zealand Ltd. ... 3,300 ... 3,300
Energy: Electricity ... ... 42,000
Fletcher Challenge Ltd. ... ... 1
Maori Development Corporation ... 104 ...
Rural Banking and Finance Corporation of New Zealand ... 41,485 ...

Total Dividends ... 129,432 ... 123,211

Revolving Funds:
Department of Scientific and Industrial Research Science Fund ... 17,725 ... 8,475
Government Computing Service Fund ... 3,706 ... 2,525

Total Revolving Funds ... 21,431 ... 11,000

State-Owned Enterprises:
Airways Corporation of New Zealand Ltd. ... 6,055 ...
Coal Corporation of New Zealand Ltd. ... 1,551 ...
Government Property Services Ltd. ... 8,441 ...
Land Corporation Ltd. ... 14,006 ...
New Zealand Post Ltd ... 33,981 ... 9,280
Post Office Bank Ltd ... 17,500 ...
Telecom Corporation of New Zealand Ltd. ... 60,000 ...

Total State-Owned Enterprises ... 141,534 ... 9,280

Total Dividends Received ... $292,397 ... $143,491



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✨ LLM interpretation of page content

πŸ’° Interest on Capital Liabilities and Investments

πŸ’° Finance & Revenue
Interest, Capital Liabilities, Investments, Public Finance Act, Air New Zealand, Energy, Housing, Maori Affairs, Railways, Tourist Hotel Corporation, Government Computing Service, Government Printing Office, Ministry of Works, Rural Banking and Finance Corporation, DFC New Zealand Ltd., New Zealand Refinery Co. Ltd., Valuation New Zealand, Winstone Pulp Industries Ltd., Consolidated Account, Trust Account, Loans Account, Loans Redemption Account, Hospitals, Local Authorities, IBRD Loans, State-Owned Enterprises, Airways Corporation, Auckland International Airport, Coal Corporation, Electricity Corporation, Land Corporation, New Zealand Forestry Corporation, Telecom Corporation

πŸ’° Dividends Received

πŸ’° Finance & Revenue
Dividends, Air New Zealand, Bank of New Zealand, Broadcasting Corporation, DFC New Zealand Ltd., Energy, Electricity, Fletcher Challenge Ltd., Maori Development Corporation, Rural Banking and Finance Corporation, Department of Scientific and Industrial Research, Government Computing Service Fund, State-Owned Enterprises, Airways Corporation, Coal Corporation, Government Property Services Ltd., Land Corporation Ltd., New Zealand Post Ltd., Post Office Bank Ltd., Telecom Corporation