Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Health Service Providers Record Deficit

Public Health Financial Statistics: September 2001 quarter

Public Hospital and Health Service Providers Record Deficit

The hospital and health service (HHS) provider function of the District Health Boards recorded a provisional operating deficit of $42.3 million in the September 2001 quarter, according to Statistics New Zealand. This is the sixth consecutive quarterly operating deficit since the surplus of $5.7 million recorded in the March 2000 quarter. In the latest quarter, total income fell $8.8 million to $941.4 million, a decrease of 0.9 per cent from the June 2001 quarter. Over the same period, costs of providing services at $983.7 million were 0.6 per cent up on the previous quarter and 7.2 per cent higher than the September quarter a year earlier.

Although revenue from Government fell by $7.5 million (or 0.9 per cent) in the September 2001 quarter compared with the June 2001 quarter, it was up $41.7 million (or 5.0 per cent) on the September 2000 quarter. The proportion of income from this source has moved from 90.7 per cent of total funding in the September 2000 quarter to 92.8 per cent of total funding in the September 2001 quarter.

By the end of September 2001, taxpayers' equity had fallen $12.0 million to $888.2 million, reflecting continuing deficits. This was $41.6 million lower than at the end of September 2000. Although debt fell by $25.5 million during September 2001, to a level of $1,680.3 million, it is now $112 million higher than the same quarter a year earlier. This resulted in a higher debt equity ratio, which moved from 1.69 at the end of September 2000 to 1.89 at the end of September 2001.

At the end of September 2001, total assets of the HHSs were valued at $2,568.5 million, an increase of $70.5 million or 2.8 per cent on the value at the end of September 2000.

The book value of fixed assets at the end of September 2001 was $2,099.5 million, an increase of 3.8 per cent or $76 million for the June 2001 quarter.

Brian Pink Government Statistician END

© Scoop Media

Business Headlines | Sci-Tech Headlines


Electricity Market: Power Panel Favours Scrapping Low-Fixed Charges

An independent panel reviewing electricity prices favours scrapping the government’s low-user fixed charge regime, banning the use of prompt-payment discounts, and requiring greater disclosure of the profit split between the retail and generation arms of the major power companies. More>>


Bottomless Oil And Zero Climate Cost: Greenpeace Not Big On PEPANZ Gas Ban Report

The NZIER report commissioned by oil industry body, PEPANZ, claims the oil and gas ban issued by the Government last April could cost the the New Zealand economy $28 billion by 2050... But Greenpeace says the figures in the report are based on false assumptions and alternative facts. More>>


Two Queensland Fruit Flies And A Different One In Otara: Devonport Fruit And Veg Lockdown

Work continues at pace on the biosecurity response following the discovery last week of one male Queensland fruit fly in a surveillance trap in the Auckland suburb of Devonport. More>>


Digital Services Tax: Government To Plan Tax On Web Operator Income

New Zealand is to consult on the design of changes to tax rules which currently allow multinational companies in the digital services field to do business here without paying income tax. More>>