Forecast Statement of Financial Position as at 30 June

Forecast Statement of Financial Position as at 30 June
	Note	2009 Actual $m	2010 Previous Budget $m	2010 Forecast $m	2011 Forecast $m	2012 Forecast $m	2013 Forecast $m	2014 Forecast $m
Assets
Cash and cash equivalents	12	6,268	5,042	6,143	6,126	6,148	6,149	6,233
Receivables	12	14,619	14,093	13,813	14,038	14,314	14,381	14,538
Marketable securities, deposits and derivatives in gain	12	45,708	49,683	45,465	46,220	40,400	36,234	38,069
Share investments	12	11,160	11,867	15,675	17,771	20,020	22,431	24,957
Advances	12	15,604	17,268	17,967	20,411	22,644	22,960	23,185
Inventory		1,082	1,165	1,177	1,228	1,274	1,315	1,372
Other assets		1,630	1,836	1,518	1,488	1,473	1,465	1,461
Property, plant & equipment	14	110,135	110,251	113,634	117,742	120,738	122,523	124,014
Equity accounted investments¹		8,777	9,197	8,925	9,440	9,498	9,551	9,597
Intangible assets and goodwill	15	2,168	2,133	2,320	2,596	2,743	2,681	2,577
Forecast for new capital spending		-	72	-	282	1,025	2,049	3,655
Top-down capital adjustment		-	(375)	(125)	(425)	(425)	(425)	(425)
Total assets		217,151	222,232	226,512	236,917	239,852	241,314	249,233
Liabilities
Issued currency		4,005	4,220	4,147	4,251	4,357	4,466	4,578
Payables	17	9,139	10,296	8,950	10,001	9,586	9,610	10,050
Deferred revenue		1,426	1,213	1,331	1,222	1,154	1,125	1,103
Borrowings		61,953	76,423	73,643	89,416	94,785	96,434	102,396
Insurance liabilities	18	26,567	25,345	27,305	28,635	30,354	32,421	34,704
Retirement plan liabilities	19	8,993	10,307	9,158	8,821	8,563	8,395	8,242
Provisions	20	5,553	4,479	5,499	5,155	5,208	5,411	5,526
Total liabilities		117,636	132,283	130,033	147,501	154,007	157,862	166,599
Total assets less total liabilities		99,515	89,949	96,479	89,416	85,845	83,452	82,634
Net Worth
Taxpayer funds	21	36,382	31,803	34,027	26,983	23,429	21,050	20,246
Property, plant and equipment revaluation reserve	21	62,612	57,723	62,110	62,086	62,061	62,037	62,013
Other reserves	21	74	41	(105)	(100)	(92)	(82)	(72)
Total net worth attributable to the Crown		99,068	89,567	96,032	88,969	85,398	83,005	82,187
Net worth attributable to minority interest		447	382	447	447	447	447	447
Total net worth		99,515	89,949	96,479	89,416	85,845	83,452	82,634

Tertiary education institutions constitute most equity accounted investments.

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

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Forecast Statement of Financial Position as at 30 June

Assets

Liabilities

Net Worth