Full paper text [PDF 3515k] - New Zealand Parliament

More documents

Recommendations

Info

2012 Creditors & other payables – carrying amount (note 11) Creditors & other payables – contracted cashfl ows (note 11) 2011 Creditors & other payables – carrying amount (note 11) Creditors & other payables – contracted cashfl ows 23. Capital management The Health and Disability Commissioner’s capital is its equity, which comprises accumulated funds. Equity is represented by net assets. The Health and Disability Commissioner is subject to the fi nancial management and accountability provisions of the Crown Entities Act 2004, which impose restrictions in relation to borrowings, acquisition of securities, issuing guarantees and indemnities and the use of derivatives. The Health and Disability Commissioner manages its equity as a by-product of prudently managing revenues, expenses, assets, liabilities, investments, and general fi nancial dealings to ensure the Health and Disability Commissioner effectively achieves its objectives and purpose, whilst remaining a going concern. 68 Less than 6 months Between 6 months and 1 year 24. Explanation of signifi cant variances Statement of comprehensive income The HDC consumed 2.5% fewer costs than budgeted. $253,000 was saved on budget. This saving was spread over a number of areas including staff (one fewer senior management position for most of the year), depreciation (due to less capital expenditure) and operating costs (including lower systems consultancy and lower external legal advice). Statement of fi nancial position The lower than budgeted defi cit per the Statement of Comprehensive Income gives the HDC a better cash position. This is also attributed to $294,000 one-off extra funding provided to support the integration of the Mental Health Commission. Between 1 and 5 years $ $ $ 518,094 0 0 518,094 0 0 448,938 0 0 448,938 0 0 Prepayments include $295,000 GST exclusive relating to the Advocacy Service Contract, which is scheduled on the 1st of each month. As 1 July 2012 falls on a weekend, the payment was made before 30 June 2012. Statement of changes in equity As a direct consequence of the lower defi cit, The HDC’s reserves are higher than budget. Statement of cash fl ows The lower defi cit translated directly to “cash from operating activities” being $45,000 in surplus vs. a $439,000 budgeted defi cit. In addition, “cash from investing activities” was lower than budgeted with fewer assets purchased than budgeted.
Transparency Engagement Consumer Centred System Culture HDC ANNUAL REPORT 2012 Seamless Service 69
Page 1 and 2:
ANNUAL REPORT for the year ended 30
Page 3 and 4:
1. Commissioner’s Foreword ......
Page 5 and 6:
1.0 Commissioner’s Foreword The m
Page 7 and 8:
1.1 2011/12 Priorities In line with
Page 9 and 10:
2.0 Role of the Health and Disabili
Page 11 and 12:
2.2 Impact and outcomes HDC and the
Page 13 and 14:
Deputy Commissioner, Complaints Res
Page 15 and 16:
CASE STUDY: Lack of consistent appr
Page 17 and 18:
Nature of complaints The HDC receiv
Page 19 and 20: DHB reports Section 38 The HDC cont
Page 21 and 22: CASE STUDY: Dental care - is this t
Page 23 and 24: Source of complaints Of those who c
Page 25 and 26: Having a national focus each year o
Page 27 and 28: CASE STUDY: Achieving compensation
Page 29 and 30: Statistics The Director of Proceedi
Page 31 and 32: Education for providers and the wid
Page 33 and 34: Disability related complaints recei
Page 35 and 36: 5.0 Organisational Performance, Dev
Page 37 and 38: 5.6 Processes and technology Sustai
Page 39 and 40: 6.2 Output Class 2: Advocacy Perfor
Page 41 and 42: 6.4 Output Class 4: Education Perfo
Page 43 and 44: 7.0 Statement of Responsibility In
Page 45 and 46: HDC ANNUAL REPORT 2012 An audit inv
Page 47 and 48: STATEMENT OF FINANCIAL POSITION as
Page 49 and 50: STATEMENT OF CASH FLOWS for the yea
Page 51 and 52: Standards, amendments, and interpre
Page 53 and 54: Disability Commissioner and the cos
Page 55 and 56: Goods and Service Tax (GST) All ite
Page 57 and 58: 3. Other income 4. Personnel costs
Page 59 and 60: 7. Debtors and other receivables 8.
Page 61 and 62: In the year ended 30 June 2012, HDC
Page 63 and 64: 13. Non current liability Lease inc
Page 65 and 66: 16. Commitments and operating lease
Page 67 and 68: 19. Employee remuneration Total rem
Page 69: Credit risk Credit risk is the risk
show all

Full paper text [PDF 3515k] - New Zealand Parliament

Create successful ePaper yourself

Delete template?

Save as template?