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Schedule of non-departmental liabilities as at 30 June 2010

Schedule of non-departmental liabilities as at 30 June 2010

Actual 2008/09

$000

 

Actual 2009/10

$000

Main Estimates 2009/10
$000

Supp.
Estimates 2009/10
$000

 

Liabilities

 

 

 

 

Current liabilities

 

 

 

172

Creditors and other payables

53

950

200

172

Total current liabilities

53

950

200

172

Total non-departmental liabilities

53

950

200

 

Creditors and other payables are non-interest bearing and are normally settled on 30-day terms. The carrying value of creditors and other payables therefore approximates their fair value.

Schedule of non-departmental contingent liabilities and contingent assets as at 30 June 2010

The Ministry on behalf of the Crown has no quantifiable contingent liabilities or contingent assets (2009: nil). An unsolicited assessment from the New Zealand Fire Service Commission was received after 30 June 2010. This relates to fire service levies on arts exhibitions covered by the Government Indemnity of Touring Exhibitions scheme. This assessment is disputed by the Ministry.


Updated on 23rd July 2015