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Budget 2010 Home Page Budget Economic and Fiscal Update 2010

Forecast Statement of Cash Flows for the years ending 30 June

Forecast Statement of Cash Flows for the years ending 30 June
2009
Actual
$m 		2010
Previous
Budget
$m 		2010
Forecast
$m 		2011
Forecast
$m 		2012
Forecast
$m 		2013
Forecast
$m 		2014
Forecast
$m

Cash Flows From Operations

Cash was provided from

Taxation receipts 51,119 50,268 50,267 52,681 56,607 60,068 63,878
Other sovereign receipts 3,716 4,290 4,282 4,792 5,004 5,126 5,196
Sales of goods and services 16,592 16,472 14,497 15,173 16,259 16,871 17,756
Interest and dividend receipts 2,792 2,697 3,220 3,592 3,909 4,130 4,164
Other operating receipts 2,204 2,734 2,973 2,960 2,848 2,910 3,011
Total cash provided from operations 76,423 76,461 75,239 79,198 84,627 89,105 94,005

Cash was disbursed to

Transfer payments and subsidies 19,673 21,159 21,450 22,642 23,416 24,130 24,755
Personnel and operating payments 50,391 54,128 51,586 54,693 53,940 53,655 54,891
Interest payments 2,880 3,042 2,966 3,979 5,232 5,914 6,190
Forecast new operating spending -  254 -  394 1,609 2,815 4,179
Top-down expense adjustment -  (300) (455) (410) (60) (60) (60)
Total cash disbursed to operations 72,944 78,283 75,547 81,298 84,137 86,454 89,955
Net cash flows from operations 3,479 (1,822) (308) (2,100) 490 2,651 4,050

Cash Flows From Investing Activities

Cash was provided from/(disbursed to)

Net purchase of physical assets (5,437) (7,679) (6,610) (7,842) (7,050) (5,897) (5,297)
Net purchase of shares and other securities (2,338) 3,887 (1,717) (1,088) 6,161 4,275 (1,139)
Net purchase of intangible assets (433) (350) (368) (513) (426) (290) (227)
Net repayment/(issues) of advances (1,129) (651) (360) (1,426) (754) (631) (716)
Net acquisition of investments in associates (399) (46) (9) (468) 7 (9) (5)
Forecast new capital spending -  (72) -  (282) (742) (1,024) (1,606)
Top-down capital adjustment -  100 125 300 -  -  - 
Net cash flows from investing activities (9,736) (4,811) (8,939) (11,319) (2,804) (3,576) (8,990)
Net cash flows from operating and investing activities (6,257) (6,633) (9,247) (13,419) (2,314) (925) (4,940)

Cash Flows From Financing Activities

Cash was provided from/(disbursed to)

Issues of circulating currency 475 181 34 104 106 109 112
Net issue/(repayment) of Government stock1 2,344 3,870 7,762 11,718 1,420 620 4,274
Net issue/(repayment) of foreign-currency borrowings (1,836) (3,708) (754) (5,320) (1,011) (793) (912)
Net issue/(repayment) of other New Zealand dollar borrowings 7,752 5,968 2,203 6,898 1,819 988 1,548
Net cash flows from financing activities 8,735 6,311 9,245 13,400 2,334 924 5,022
Net movement in cash 2,478 (322) (2) (19) 20 (1) 82
Opening cash balance 3,804 5,353 6,268 6,143 6,126 6,148 6,149
Foreign-exchange gains/(losses) on opening cash (14) 11 (123) 2 2 2 2
Closing cash balance 6,268 5,042 6,143 6,126 6,148 6,149 6,233
  1. Net issues of Government stock is after elimination of holdings by entities such as NZS Fund, ACC and EQC. Further information on the proceeds and repayments of Government stock ("domestic bonds") is available in note 22.

The accompanying Notes and Accounting policies are an integral part of these Statements.

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