New Zealand Gazette – 1989 – No. 33

Page 788

✨ Financial Statements and Expenditure Reports

NEW ZEALAND GAZETTE

No. 33

	1988	1987
	$(000)	$(000)

21. Suspense Account

As set out in the General Accounting Policy pertaining to recognition of receipts and payments the Suspense Account contains monies received but not yet allocated to a particular fund or account.

... $94,278 ... $103,345

22. Investments—Public Account Balances

Investments held in New Zealand decreased by $600,000 and those held overseas increased by $318,526,000. The following table summarises, by currency, investment holdings for the nine months ended 31 December 1988 and the corresponding period in 1987:

Currency	1988	1987
Canadian dollar	9,211	10,351
Deutschemark	274,022	431,566
Dutch guilder	4	43,509
Japanese yen	1,228,894	1,964,796
Pound sterling	57,954	118,988
Swiss franc	6,219	13,347
United States dollar	2,486,285	1,161,506

Total Overseas ... 4,062,589 ... 3,744,063

| New Zealand dollar |
| (Includes investments of $193,354,943 held by the National Roads Fund) |
| | 208,836 | 209,436 |

Total Investments held ... $4,271,425 ... $3,953,499

23. Expenditure Statement

New Vote:

Government Superannuation Fund Department—
The Government Superannuation Fund Department was established on 1 December 1988. Expenditure prior to 30 November 1988 was previously met from Vote Treasury.

Ministry of Commerce—
The Ministry of Commerce was established on 1 December 1988. Its functions were transferred from the defunct Department of Trade and Industry.

Ministry of External Relations and Trade—
The Ministry of External Relations and Trade was established on 1 December 1988. Its functions were transferred from the defunct Departments of Trade and Industry and the Ministry of Foreign Affairs.

Office of the Clerk—
The Office of the Clerk was established as a separate Vote on 1 April 1988. Expenditure was previously met from Vote Parliamentary Service.

Parliamentary Counsel Office—
The Parliamentary Counsel Office was established as a separate Vote on 1 April 1988. Expenditure was previously met from Vote Parliamentary Service.

24. Expenditure Statement—Loans Account—

This Statement details expenditure met from Vote: Capital Participation in Crown and other organisations for the nine months ended 31 December 1988:

Loan Capital:	$(000)
Auckland International Airport Ltd.	67,860
Christchurch International Airport Ltd.	30,720
Coal Corporation of New Zealand Ltd.	13,000
Electricity Corporation of New Zealand Ltd.	3,000,000
Government Computing Services Ltd.	27,500
Land Corporation Ltd.	69,517
New Zealand Post Ltd.	53,000
Shipping Corporation of New Zealand Ltd.	12,790

Total ... 3,274,387

Share Capital:	$(000)
Airways Corporation of New Zealand Ltd.	41,000
Auckland International Airport Ltd.	105,000
Christchurch International Airport Ltd.	14,400
Coal Corporation of New Zealand Ltd.	60,800
Electricity Corporation of New Zealand Ltd.	3,300,000
Government Computing Services Ltd.	27,500
Government Property Services Ltd.	296,965
Land Corporation Ltd.	201,900
New Zealand Post Ltd.	120,000

Total ... 4,167,565

... $7,441,952

Footnote:
1 Includes investments of $193,354,943 held by the National Roads Fund.

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VUW Te Waharoa — NZ Gazette 1989, No 33

NZLII — NZ Gazette 1989, No 33

The General Assembly Library (on the right) was completed in 1899 and survived the 1907 fire. Now the oldest remaining original Parliament building, still used as the Parliamentary Library.

✨ LLM interpretation of page content

💰 Suspense Account Details

Domain💰 Finance & Revenue
KeywordsSuspense Account, Unallocated Funds, Financial Reporting

💰 Public Account Investment Holdings

Domain💰 Finance & Revenue
KeywordsInvestments, Public Account, Currency Holdings, Overseas Investments

💰 Expenditure Statement for New Votes

Domain💰 Finance & Revenue
KeywordsExpenditure, New Votes, Government Superannuation Fund, Ministry of Commerce, Ministry of External Relations and Trade, Office of the Clerk, Parliamentary Counsel Office

💰 Expenditure Statement for Loans Account

Domain💰 Finance & Revenue
KeywordsExpenditure, Loans Account, Capital Participation, Crown Organisations, Auckland International Airport, Christchurch International Airport, Coal Corporation, Electricity Corporation, Government Computing Services, Land Corporation, New Zealand Post, Shipping Corporation

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