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Schedule of non-departmental liabilities as at 30 June 2011

Schedule of non-departmental liabilities as at 30 June 2011

Actual 2009/10

$000

 

Actual
2010/11

$000

Main Estimates 2010/11
$000

Supp. Estimates 2010/11
$000

 

Liabilities

 

 

 

 

 

Current liabilities

 

 

 

 

53

Creditors and other payables

 

1,876

200

200

53

Total current liabilities

 

1,876

200

200

53

Total non-departmental liabilities

 

1,876

200

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 2011

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


Updated on 23rd July 2015