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NZ Transport Agency Statement of intent 2013–2016

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.

Download the complete report:
NZ Transport Agency Statement of intent 2013–2016 [PDF, 1.5 MB]

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Part 3: Statement of forecast financial performance

New Zealand Transport Ticketing Ltd

Overview

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:

  • the transport ticketing central system processing capability for all customers and related service delivery agreements, including national settlement services
  • information management support services, including the information registrar function and security management
  • other system services, including gateways and interfaces as required.

It is currently planned to start operations on 1 January 2014.



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Prospective financial statements

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.

Prospective statement of comprehensive income for the year ending 30 June

  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)

Forecast service performance for the year ending 30 June

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.

Prospective statement of financial position as at 30 June

  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

Prospective statement of changes in equity for the year ending 30 June

  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

Prospective statement of cash flows for the year ending 30 June

  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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