House of Assembly - Fifty-Second Parliament, Second Session (52-2)
2012-02-14 Daily Xml

Contents

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.