Well worth visiting the PGDB website to have a look and see if you think we have received value for money.  Some key things:
Gas Certificate sales down to $664,678 from $821, 295. 
Licence fees revenue down to $1,666,838 from $1, 729,923
Advertising and media up  to $98,606 in 2011 but was only $6,821 in 2010 - there is no note to explain this HUGE increase
Complaints and discipline costs are huge - $823,699 up from $564,538 (are we getting worse, or are there more members of the public having a crack and getting caught?)
Board expenses are down - but still high at $92,031 (down from $98,007)
Board renumeration is also down - but again still quite a bit $170,735 (down from $183,601)  Just think - if this whole operation was sucked into DBH we might save over $250k straight off in Board renumeration and expenses.  Naturally the Board Chair took the biggest slice of the cake at $33, 723 (Hazel Armstrong), with two other Board members pocketing over $20k (Stephen Parker Deputy Chair $25,150 and Mark Whitehead $24,436)  However Ms Armstrong attended all meetings and Messrs Parker and Whitehead attended all but one meeting each.
Consultation has cost the Boad $32,153 - with no figure for consultation in 2010
Legal expenses are up $152,669 from $136,168 in 2010
Personnel costs are up $1,571, 635 from $993,110 in 2010 (of this $1,571,635 - wages were $1,024,324, Employer contributions to Kiwi ssver $12,237, increase in staff entitlements $14,654 and Contractors were a whopping $491,905!! (in 2010 this was only $33,564) and Temp staff were $28,515.)
Staff recruitment was up $43,491 from $10,665 in 2010 and it appears the Board practice what they preach spending $15,663 on staff training - when last year they spent $2,823
On the plus side - bad and doubtful debts are down from 2010

Some things to worry about:
Practitioner numbers are falling
Profits from Gas Certificate sales will disappear in 2013 - how will this gap be filled
The Board finished the year with a deficit of $718,167 when it had budgeted for a deficit of $566360 - in 2010 it made a profit of $13,364
The Board had an actual deficit of $718,167 exceeding the budgeted deficit of $566,807 by some $151,807.  At the end of the year the Board had working capital amounting to approximately 1.4 months operating expenditure which is outside their target of between three and six months operating expenditure.  Whe working capital ratio (the number of times current liabilities are covered by current assets of 1.37) is they say satisfactory.  Thankfully, they state they do not have any debt at the end of the year.  But will we expect to see an increase in licence fees to cover re-building the reserves?
And at the end of the notes for the accounts:
"Statement of Contingent Liabilities"
There is currently legal action being brought against the Board which may or may not result in a financial impact for the Board.  If the action is successful the financial impact would be approximately $5,000 (2010 - Nil)".  Wonder what that little gem is?

Well worth taking the time to read it - some interesting notes under prosecutions and some pointers as to what they may be concentrating on in the coming year.


Linkback: https://www.plumbers.nz/pgdb-new-zealand-plumbing-gasfitting-and-drainlaying-board/30/pgdb-annual-report-for-ye-march-2011/822/

hi guys, yes the whole system needs a massive overhaul, we can only guess that future profitability will be driven by prosecuting tradesmen for administerial errors and anything else that they can find against us, maybe time to get out!!!cheers

You spot on jax i just finished my final qualifing exams at unitech in auck and dont know how the f**k im sposed to spit out a grand for first time rego?...This to me is a huge barrier to gaining my rego and under the act this i feel breaches the act because i just dont have a spare grandie floating around like those fat rich board members!!!

And as soon as i get me grandie and i pay me grand im wanting to do a sit in on parliment and pull up a few hundred  W/C's and make the point heard...$50 per hour in aussie sounds bloody refreshing to me but i want to stay here and make a change for the good of NZ PGD's...

Me mother told me "sonny always move from a position of power" and right now the power is slipping from the PGDB...As long as we have the numbers we have the power...after all dont we live in a democarcy...

I am sick of been told to bend over and take a rogering for the sake of some prick trying to justify there job!!!