2010-11 Annual Report - Taranaki District Health Board

page 77
Notes to the Financial Statements
For the Year Ended 30 June 2011
Income Statement Variances - Expenditure
A total of $0.1m additional expenditure over budget were incurred as follows (2010: $8.3m):
Variance
Variance
Unaudited
Unaudited
2011 2010
$000 $000
Employee Benefit costs (1,746) 3,818
Outsourced services 3,023 4,085
Clinical supplies (247) (1,184)
Payments to non-health board providers 785 5,591
Other (1,718) (4,060)
97 8,250
Income Statement Expenditure Explanations
Employee Benefit costs
Outsourced services
Clinical supplies
Payments to non-health board providers
Other
(i) use of locums where medical positions have not been filled, (ii) exit of ambulance service.
Locum costs and work outsourced.
Pharmaceutical costs reduced against expected and budgeted.
Additional costs for IDF Outflows.
Reduced hotel and laundry costs against budget, reduced interest expense against budget,
reduced other operating expenses against budget
Variance
Variance
Unaudited
Unaudited
2011 2010
$000 $000
Balance Sheet Variances
Cash & S/T Deposits 519 (879)
Other Financial Assets 10 (3,945)
Property, plant and equipment 4,067 13,927
Receivables & Prepayments 509 (2,279)
Employee Entitlements (574) (1,003)
Balance Sheet Explanations
Cash & S/T Deposits
Other Financial Assets
Property, Plant and Equipment
Employee Entitlements
Timing of payments to suppliers.
Loan to associate company Allied Laundry Services Limited.
Preliminary Project Maunga expenditure in work in progress.
Timing of Payroll payments.