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

 


Local Authority Revenue Increases

Local Authority Statistics: December 2005 quarter — 17 March 2006

Local Authority Revenue Increases

Local authorities' seasonally adjusted revenue increased 4.3 percent in the December 2005 quarter, Statistics New Zealand said today. Total revenue for the December 2005 quarter was $1,354.1 million, up $55.6 million compared with the September 2005 quarter.

Investment income showed the largest increase of the revenue items, rising $39.8 million (67.7 percent) from the September 2005 quarter, to reach $98.5 million. This was mainly due to a $39.5 million increase in dividends received. The dividend rise is typical for a December quarter. Sales of goods and services and all other income increased $8.1 million (3.5 percent).

Rates, petrol tax, licence fees and fines increased $5.7 million (0.7 percent), to $857.4 million in the December 2005 quarter, and government grants and subsidies increased by $1.9 million (1.2 percent).

Total operating expenditure for the December 2005 quarter was $1,299.8 million, up $16.9 million (1.3 percent) compared with the September 2005 quarter. The increase was due to a rise in purchases of goods and services, grants and donations, and all other expenditure (up $16.5 million or 2.4 percent), a $0.7 million (0.3 percent) increase in employee costs, and a $1.4 million (0.6 percent) rise in depreciation. The increase was partly offset by a marginal decrease in interest paid (down $1.8 million).

Overall, local authorities produced a combined operating surplus of $54.3 million in the December 2005 quarter, up from $15.6 million in the September 2005 quarter.

Brian Pink

Government Statistician

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

ALSO:

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news