Table of contents:
Te Puni Kōkiri has determined the cost of
outputs using the cost allocation system
Direct costs’ are those costs that are directly
attributed to an output.
‘Indirect costs’ are those costs that cannot be
attributed in an economically feasible manner,
to a specific output.
These include depreciation and capital charge
which are charged to outputs on the basis
of fulltime equivalents (FTEs) attributable to
Personnel costs (excluding those of Support
Services Wāhanga and the Office of the Chief
Executive) are allocated to outputs based on
budgeted FTEs attributable to each output.
Property and other premises costs, such
as maintenance, are charged to wāhanga
(business units) on the basis of budgeted FTEs.
Corporate overheads are allocated to outputs
on the basis of budgeted FTEs attributable to
There have been no changes in cost
accounting policies since the date of the last
audited financial statements.
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