Contents
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Commencement
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Opening of Parliament
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Petitions
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Parliamentary Procedure
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Answers to Questions
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Opening of Parliament
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Members
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Parliamentary Procedure
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Parliament House Matters
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Ministerial Statement
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Opening of Parliament
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Question Time
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Members
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Members
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Question Time
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Grievance Debate
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Bills
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Parliamentary Procedure
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Parliamentary Committees
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Address in Reply
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NON-CURRENT ASSETS
In reply to Mr PEDERICK (Hammond) (1 July 2011) (Estimates Committee B).
The Hon. M.F. O'BRIEN (Napier—Minister for Agriculture and Fisheries, Minister for Forests, Minister for Energy, Minister for the Northern Suburbs): The breakdown of the $102.2 million for 2011-12 and $105.2 million for 2010-11 for the Non-current assets figures on the 'Land and improvements' line as published on page 202 in the 2011-12 Budget Paper 4 Volume 3, is:
2011-12Budget ($m) | 2010-11Estimated Result ($m) | |
Land | 32.1 | 32.1 |
Buildings and Infrastructure | 68.5 | 71.2 |
Leasehold Improvements | 1.6 | 1.9 |
Total Land and improvements | 102.2 | 105.2 |
These assets are recognised at fair value with the slight reduction in the total figure for the 2011-12 Budget reflecting the continued annual depreciation of the assets held.