Financial Statements

Operating statement

Notes to the operating statement

• The decrease of $1.748 million in employee benefits was mainly due to the reclassification of labour contractor costs of $4.617 million to supplies and services in 2015-16, which was partly offset by the increase in workforce size and the general wages increase. This change forms the primary reason for the increase in supplies and services.
• The increase of $10.218 million in depreciation and amortisation was mainly due to an increase in amortisation expenses related to municipal valuations. Municipal valuations are amortised for up to two years and due to the timing of purchases the amortisation expense is always higher in the second year of the cycle. 2015-16 was the second year of the two-year cycle.
• Grants and other transfers consist of payments made to municipal councils in relation to the administration of the Fire Service Property Levy, which were based on the Treasurer’s determination under s70 of the Fire Services Property Levy Act 2012.
• Expenses from transactions include $0.602 million in relation to the administration of the Growth Area Infrastructure Contribution and Metropolitan Planning Levy. Costs recovered from the relevant trust funds were reported as sales of goods and services.

Administered items

Administered revenues

Administered expenses

Work in progress** 1,560 2,359 Total written-down value of intangible assets 7,601 21,648 _{*All municipal valuations will be fully amortised by 30 June 2016
** Capitalised and uncapitalised expenditure on e-Sys Life Extension Project}

Other non-financial assets

Payables

Interest-bearing liabilities

Provisions