Who we are
What's new
Takeovers Code
Takeovers Act 1993
Panel Decisions
Exemptions
Publications
Articles & Addresses
Sitemap
Home

Search.

Disclaimer
 Takeovers Panel
In this section

Statement of Intent: 2009/2010 - 2012

STATEMENT OF INTENT

2009/2010 - 2012

FORECAST FINANCIAL STATEMENTS OF THE TAKEOVERS PANEL

FOR THE YEAR ENDING 30 JUNE 2010


INTRODUCTION

The forecast financial statements presented here for the reporting entity, the Takeovers Panel, are prepared pursuant to section 142 of the Crown Entities Act 2004. The Panel is a Crown entity for legislative purposes and a public benefit entity for financial reporting purposes.

The Panel is responsible for the forecast financial statements presented, including the appropriateness of the assumptions underlying the forecast financial statements and all other required disclosures.

These forecast financial statements have been prepared in accordance with New Zealand Financial Reporting Standard No. 42: Prospective Financial Statements (FRS-42).

The preparation of forecast financial statements in conformity with FRS-42 requires management to make judgments, estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenses. Actual financial results achieved for the period covered are likely to vary from the information presented, and the variations may be material.

These forecast financial statements have been prepared for the purpose of the 2009/10 - 2012 Statement of Intent of the Takeovers Panel. They are not prepared for any other purpose and should not be relied upon for any other purpose.

The forecast financial statements were authorised for issue by the Takeovers Panel on 19 May 2009.

 

FORECAST STATEMENT OF COMPREHENSIVE INCOME
for the year ending 30 June 2010

  Forecast
12 months to
30 June 2010
$		 Notes Forecast
12 months to
30 June 2009
$
Revenue - Operating
Government appropriation 1,494,000   1,444,000
Interest 14,000   18,000
Application fees and costs recoverable 299,000 3 269,000
Other income -   2,000
Total operating revenue 1,807,000   1,783,000
Revenue - Litigation fund
Interest 32,000   48,000
Total litigation fund revenue 32,000   48,000
Total Revenue 1,839,000   1,831,000
Operating Expenses
Audit fees 19,000   17,000
Communication charges 70,000   29,000
Training 8,000   2,000
Memberships and subscriptions
7,000   4,000
Depreciation 58,000   4,000
Members' fees 270,000 6 292,000
Printing and stationery 27,000   21,000
Consultants and legal 110,000   101,000
Services and supplies 152,000   57,000
Rent 110,000   0
Travel and accommodation 40,000   40,000
Staff salaries 860,000 5 743,000
Securities Commission services 96,000 7 475,000
Total operating expenses 1,827,000   1,785,000
Expenses - Litigation fund 20,000   20,000
Total expenses 1,847,000   1,805,000
Total comprehensive income ($8,000)   $27,000
This is comprised of:
Operating surplus (deficit) (20,000)   (2,000)
Litigation fund surplus / (deficit) 12,000   28,000
  $8,000)   $26,000

 

 

PREVIOUS | INDEX | BACK TO TOP | NEXT