Forecast Statement of Financial Performance for the years ending 30 June
| Note | 2008 Actual $m |
2009 Previous Budget $m |
2009 Forecast $m |
2010 Forecast $m |
2011 Forecast $m |
2012 Forecast $m |
2013 Forecast $m |
|
|---|---|---|---|---|---|---|---|---|
Revenue |
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| Taxation revenue | 1 | 56,372 | 55,911 | 53,523 | 51,052 | 51,326 | 54,013 | 57,781 |
| Other sovereign revenue | 1 | 3,879 | 4,037 | 4,114 | 4,860 | 5,403 | 5,700 | 6,299 |
| Total revenue levied through the Crown's sovereign power | 60,251 | 59,948 | 57,637 | 55,912 | 56,729 | 59,713 | 64,080 | |
| Sales of goods and services | 15,399 | 14,222 | 15,248 | 16,049 | 17,415 | 17,742 | 18,377 | |
| Interest revenue and dividends | 2 | 3,214 | 3,358 | 2,999 | 3,159 | 3,331 | 3,363 | 3,442 |
| Other revenue | 2,615 | 2,591 | 3,075 | 2,814 | 3,014 | 3,035 | 3,213 | |
| Total revenue earned through the Crown's operations | 21,228 | 20,171 | 21,322 | 22,022 | 23,760 | 24,140 | 25,032 | |
| Total Revenue (excluding gains) | 81,479 | 80,119 | 78,959 | 77,934 | 80,489 | 83,853 | 89,112 | |
Expenses |
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| Transfer payments and subsidies | 3 | 18,374 | 19,681 | 20,182 | 21,175 | 22,196 | 22,987 | 23,658 |
| Personnel expenses | 4 | 16,478 | 17,061 | 18,031 | 18,324 | 18,681 | 18,995 | 19,189 |
| Depreciation and amortisation | 5 | 3,670 | 3,950 | 4,283 | 4,126 | 4,365 | 4,529 | 4,617 |
| Other operating expenses | 5 | 30,656 | 32,053 | 32,605 | 34,855 | 35,057 | 35,330 | 36,208 |
| Interest expenses | 6 | 3,101 | 2,503 | 3,358 | 3,349 | 4,019 | 4,625 | 5,460 |
| Insurance expenses | 7 | 3,563 | 3,799 | 3,916 | 3,890 | 4,225 | 4,587 | 4,931 |
| Forecast new operating spending | 8 | - | 249 | - | 254 | 1,436 | 2,533 | 3,622 |
| Top-down expense adjustment | 8 | - | (495) | (500) | (300) | (225) | (150) | (150) |
| Total Expenses (excluding losses) | 75,842 | 78,801 | 81,875 | 85,673 | 89,754 | 93,436 | 97,535 | |
| Operating Balance before gains/(losses) | 5,637 | 1,318 | (2,916) | (7,739) | (9,265) | (9,583) | (8,423) | |
| Net gains/(losses) on financial instruments | 9 | (617) | 1,424 | (3,266) | 1,416 | 1,529 | 1,838 | 2,044 |
| Net gains/(losses) on non-financial instruments | 10 | (2,925) | 170 | (3,450) | 205 | 224 | 231 | 225 |
| Total gains/(losses) | (3,542) | 1,594 | (6,716) | 1,621 | 1,753 | 2,069 | 2,269 | |
| Net surplus/(deficit) from associates and joint ventures | 334 | 193 | 333 | 390 | 402 | 400 | 382 | |
| Operating Balance from continuing activities | 2,429 | 3,105 | (9,299) | (5,728) | (7,110) | (7,114) | (5,772) | |
| Gain/(loss) from discontinued operations | 22 | - | (4) | (1) | (1) | (1) | (1) | |
| Operating Balance (including minority interest) | 2,451 | 3,105 | (9,303) | (5,729) | (7,111) | (7,115) | (5,773) | |
| Attributable to minority interest | (67) | - | - | - | - | - | - | |
| Operating balance | 11 | 2,384 | 3,105 | (9,303) | (5,729) | (7,111) | (7,115) | (5,773) |
The accompanying Notes and Accounting policies are an integral part of these Statements.
