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Budget 2009 Home Page Budget Economic and Fiscal Update 2009

Forecast Statement of Segments

Statement of Financial Performance for the year ended 30 June 2008

Statement of Financial Performance for the year ended 30 June 2008
  Core Crown Crown Entities State-owned
Enterprises
Inter-segment
eliminations
Total Crown
  2008
Actual
$m
2008
Actual
$m
2008
Actual
$m
2008
Actual
$m
2008
Actual
$m

Revenue

         
Taxation revenue 56,747 (375) 56,372
Other sovereign revenue 733 4,039 (893) 3,879
Sales of goods and services 1,097 12,502 13,201 (11,401) 15,399
Interest revenue and dividends 2,344 1,233 704 (1,067) 3,214
Other revenue 898 11,239 692 (10,214) 2,615
Total Revenue (excluding gains) 61,819 29,013 14,597 (23,950) 81,479

Expenses

         
Social assistance and official development assistance 18,519 (145) 18,374
Personnel expenses 5,584 8,741 2,164 (11) 16,478
Other operating expenses 30,434 19,307 10,955 (22,807) 37,889
Interest expenses 2,460 248 870 (477) 3,101
Forecast for future new spending and top down adjustment
Total Expenses (excluding losses) 56,997 28,296 13,989 (23,440) 75,842
Operating Balance before gains/(losses) 4,822 717 608 (510) 5,637
Total Gains/(losses) (1,014) (2,468) 134 (194) (3,542)
Net surplus/(deficit) from associates and joint ventures 85 225 24 334
Gain/(loss) from discontinued operations (2) 24 22
Attributable to minority interest in Air NZ (67) (67)
Operating Balance 3,891 (1,526) 723 (704) 2,384

Expenses by functional classification

         
Social security and welfare 17,877 4,307 (675) 21,509
Health 11,297 9,791 (10,279) 10,809
Education 9,551 8,069 25 (7,248) 10,397
Transport and communications 2,244 1,737 5,832 (2,389) 7,424
Other 13,568 4,144 7,262 (2,372) 22,602
Finance costs 2,460 248 870 (477) 3,101
Forecast for future new spending and top down adjustment
Total Crown Expenses excluding losses 56,997 28,296 13,989 (23,440) 75,842
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