STATEMENT OF INTENT 2006/2007

PART B – FORECAST OF PERFORMANCE FOR 2006/2007

FORECAST FINANCIAL STATEMENTS FOR THE YEAR ENDING 30 JUNE 2007

STATEMENT OF SIGNIFICANT UNDERLYING ASSUMPTIONS

These statements have been compiled on the basis of Government policies and the Department of Labour’s Output Plan agreed by relevant Vote Ministers at the time the statements were finalised.

Reporting entity

The Department of Labour is a government department as defined by section 2 of the Public Finance Act 1989.

Measurement system

These financial statements have been prepared on a modified historical cost basis except for certain items with specific accounting policies outlined below.