The BLACKCAPS and West Indies national cricket teams “take a knee” in Auckland at the first T20 Match, during the West Indies Tour of New Zealand in November 2020. Earlier in the year, the BLACKCAPS and WHITE FERNS cricket teams supported the commission’s anti-racism campaign - the Voice of Racism (www.VoiceOfRacism.co.nz). The campaign was the second stage of the commission’s Give Nothing to Racism campaign. Photo courtesy of Photosport and New Zealand Cricket. received funding for two significant projects and programmes that were anticipated to be fully completed during the period. The duration of both projects have been extended through to the next financial period. Some planned projects and programmes were delayed by the pandemic in the latter stages of the financial period. The project to implement a new case management system was budgeted as an operational expense; however, upon completion of the project, a capital component was acknowledged and recognised accordingly as an intangible asset. Personnel costs were less than budgeted, reflecting periods of vacant positions that were in part offset by temporary capacity arrangements. The impact of COVID-19 delayed the recruitment programme somewhat. These vacancies also resulted in less other expenses incurred and less travel incurred, in support of staff work programmes. Payments to commissioners and employees were less than budgeted due to several employment vacancies, including fixed term vacancies intended to progress projects. Payments to suppliers were less than budgeted due to the decrease in expenditure activity especially in the latter stages of the year. Statement of financial position The larger than anticipated levels of cash during the year allowed for the placement of more term deposits than expected. Cash and cash equivalents are higher than budgeted due to the unbudgeted surplus result. Receipt of other revenues late in the year delayed associated spending activities, that had the effect of increasing supplier and tax payables at year end. Statement of cash flows 57