Summary of financial performance Actual Actual Main Voted estimates appropriation 30/06/2014 30/06/2015 30/06/2015 30/06/2015 $000 $000 $000 $000 Total appropriation 109,750 335,000 155,280 – Comments The underspend of $225.250 million against the Main Estimates (67 percent of appropriation) is due to the timing of funding required for health sector capital projects mainly relating to the Canterbury Hospital Rebuild that are managed or co-managed by the Ministry. The underspend was carried forward to 2015/16 for work on the Canterbury hospitals rebuild. Refinance of Crown loans The scope of this appropriation is limited to refinancing existing Crown loans made to DHBs for the purpose of facilities redevelopment and other purposes agreed by the Crown including balance sheet reconfiguration. This appropriation is required so that DHBs can refinance capital expenditure loans with the Crown. This expenditure is a technical financial matter, and is not reflected by any actual change in the or or liabilities. DHBs’ Crown’s assets Summary of output performance Actual Performance measure Standard Actual 2013/14 2014/15 2014/15 100% Crown loans are refinanced on or before their expiry date 100% 100% Comments This is for the renewal of existing loans held by DHBs. Details of the loans are reported in the Annual Reports. DHBs’ Summary of financial performance Actual Actual Main Voted estimates appropriation 30/06/2014 30/06/2015 30/06/2015 30/06/2015 $000 $000 $000 $000 143,359 Total appropriation 476,036 439,700 480,090 Comments The overspend of $36.336 million against the Main Estimates (8 percent of appropriation) relates to short-term loans that rolled over within the financial year.
Summary of financial performance Actual 30/06/2014 $000 Actual 30/06/2015 $000 Main estimates 30/06/2015 $000 Voted appropriation 30/06/2015 $000 – Total appropriation 109,750 335,000 155,280 Comments The underspend of $225.250 million against the Main Estimates (67 percent of appropriation) is due to the timing of funding required for health sector capital projects mainly relating to the Canterbury Hospital Rebuild that are managed or co-managed by the Ministry. The underspend was carried forward to 2015/16 for work on the Canterbury hospitals rebuild. Refinance of Crown loans The scope of this appropriation is limited to refinancing existing Crown loans made to DHBs for the purpose of facilities redevelopment and other purposes agreed by the Crown including balance sheet reconfiguration. This appropriation is required so that DHBs can refinance capital expenditure loans with the Crown. This expenditure is a technical financial matter, and is not reflected by any actual change in the DHBs’ or Crown’s assets or liabilities. Summary of output performance Actual 2013/14 Performance measure Standard 2014/15 Actual 2014/15 100% Crown loans are refinanced on or before their expiry date 100% 100% Comments This is for the renewal of existing loans held by DHBs. Details of the loans are reported in the DHBs’ Annual Reports. Summary of financial performance Actual 30/06/2014 $000 Actual 30/06/2015 $000 Main estimates 30/06/2015 $000 Voted appropriation 30/06/2015 $000 143,359 Total appropriation 476,036 439,700 480,090 Comments The overspend of $36.336 million against the Main Estimates (8 percent of appropriation) relates to short-term loans that rolled over within the financial year.
vote-health-report-selected-non-departmental-appropriations-year-ended-30-june-2015-oct15.docx