This Statement of intent (SoI) sets out an approach and course of action for the next three years that will contribute to the delivery of the government's land transport objectives and wider transport vision. It includes performance measures and what is intended to be measured (and how) and details of what is expected to be accomplished. The document also includes full financial statements. The SoI is a statutory compliance document.
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NZ Transport Agency Statement of intent 2013–2016 [PDF, 1.5 MB]
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New Zealand Transport Ticketing Limited has been established as a Crown entity subsidiary, under the governance of the NZ Transport Agency, to execute the operational plan for supporting a national integrated transport ticketing system and managing information services generated from such a system. Through New Zealand Transport Ticketing Limited, an infrastructure will be developed to support:
It is currently planned to start operations on 1 January 2014.
These prospective financial statements set out the forecast financial position and operations of New Zealand Transport Ticketing Limited. These prospective statements have been consolidated into the NZ Transport Agency’s prospective statements and are provided here as information.
Projected 2012/13 $000 | Budget 2013/14 $000 | Forecast 2014/15 $000 | Forecast 2015/16 $000 | |
---|---|---|---|---|
Income | ||||
Revenue from the National Land Transport Fund | 0 | 950 | 700 | 700 |
Revenue from third parties | 0 | 2,400 | 5,000 | 5,000 |
Total income | 0 | 3,350 | 5,700 | 5,700 |
Expenditure | ||||
Personnel costs | 0 | 250 | 500 | 500 |
Operating expenses | 0 | 3,100 | 5,200 | 5,200 |
Depreciation and amortisation expense | 0 | 1,100 | 2,200 | 2,200 |
Total expenditure | 0 | 4,450 | 7,900 | 7,900 |
Net surplus/(deficit) | 0 | (1,100) | (2,200) | (2,200) |
Other comprehensive income | 0 | 0 | 0 | 0 |
Total comprehensive income for the year | 0 | (1,100) | (2,200) | (2,200) |
How do we assess our service delivery performance? | 2012/13 Estimate | 2013/14 Target | 2014/15 Target | 2015/16 Target |
---|---|---|---|---|
% of activities delivered to agreed standards and timetrames | New | >90% | >90% | >90% |
Note included in Appendix.
Projected 2012/13 $000 | Budget 2013/14 $000 | Forecast 2014/15 $000 | Forecast 2015/16 $000 | |
---|---|---|---|---|
Assets | ||||
Current assets | ||||
Cash and cash equivalents | 0 | 50 | 50 | 50 |
Debtors and other receivables | 0 | 279 | 475 | 475 |
Total current assets | 0 | 329 | 525 | 525 |
Non-current assets | ||||
Property, plant and equipment | 2,000 | 1,800 | 1,400 | 1,000 |
Intangible assets | 18,000 | 17,100 | 15,300 | 13,500 |
Work in progress – Information management solution | 0 | 200 | 1,200 | 1,200 |
Total non-current assets | 20,000 | 19,100 | 17,900 | 15,700 |
Total assets | 20,000 | 19,429 | 18,425 | 16,225 |
Liabilities | ||||
Current liabilities | ||||
Creditors and other payables | 0 | 314 | 500 | 500 |
Employee entitlements | 0 | 15 | 25 | 25 |
Total liabilities | 0 | 329 | 525 | 525 |
Net assets | 20,000 | 19,100 | 17,900 | 15,700 |
Equity | ||||
General funds | 20,000 | 20,200 | 21,200 | 21,200 |
Retained funds | 0 | (1,100) | (3,300) | (5,500) |
Total equity | 20,000 | 19,100 | 17,900 | 15,700 |
Projected 2012/13 $000 | Budget 2013/14 $000 | Forecast 2014/15 $000 | Forecast 2015/16 $000 | |
---|---|---|---|---|
Equity – opening balances | ||||
General funds | 0 | 20,000 | 20,200 | 21,200 |
Retained funds | 0 | 0 | (1,100) | (3,300) |
Total equity – opening balances | 0 | 20,000 | 19,100 | 17,900 |
Changes in equity | ||||
Comprehensive income | ||||
Retained funds | 0 | (1,100) | (2,200) | (2,200) |
Owner transactions | ||||
Capital contribution – general funds | 20,000 | 200 | 1,000 | 0 |
Total changes in equity | 20,000 | (900) | (1,200) | (2,200) |
Equity – closing balances | ||||
General funds | 20,000 | 20,200 | 21,200 | 21,200 |
Retained funds | 0 | (1,100) | (3,300) | (5,500) |
Total equity – closing balances | 20,000 | 19,100 | 17,900 | 15,700 |
Projected 2012/13 $000 | Budget 2013/14 $000 | Forecast 2014/15 $000 | Forecast 2015/16 $000 | |
---|---|---|---|---|
Cash flows from operating activities | ||||
Receipts from National Land Transport Fund revenue | 0 | 950 | 700 | 700 |
Receipts from third party revenue | 0 | 2,121 | 4,804 | 5,000 |
Payments to suppliers | 0 | (2,786) | (5,014) | (5,200) |
Payments to employees | 0 | (235) | (490) | (500) |
Net cash from operating activities | 0 | 50 | 0 | 0 |
Net (decrease)/increase cash and cash equivalents | 0 | 50 | 0 | 0 |
Cash and cash equivalents at the beginning of the year | 0 | 0 | 50 | 50 |
Cash and cash equivalents at the end of the year | 0 | 50 | 50 | 50 |
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