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Budget 2011 Home Page Budget Economic and Fiscal Update 2011

Forecast Statement of Segments

Statement of Financial Performance for the year ended 30 June 2010

Statement of Financial Performance for the year ended 30 June 2010
Core Crown
2010
Actual
$m
Crown entities
2010
Actual
$m
State-owned
enterprises
2010
Actual
$m
Inter-segment
eliminations
2010
Actual
$m
Total Crown
2010
Actual
$m

Revenue

Taxation revenue 50,744 (397) 50,347
Other sovereign revenue 1,015 4,840 (1,173) 4,682
Sales of goods and services 1,387 14,107 11,979 (13,142) 14,331
Interest revenue and dividends 2,135 1,146 626 (1,592) 2,315
Other revenue 935 12,553 974 (11,412) 3,050
Total revenue (excluding gains) 56,216 32,646 13,579 (27,716) 74,725

Expenses

Social assistance and official development assistance 21,484 (271) 21,213
Personnel expenses 5,991 10,043 2,455 (12) 18,477
Other operating expenses 34,227 21,379 9,512 (26,545) 38,573
Interest expenses 2,311 245 845 (624) 2,777
Forecast for future new spending and top-down adjustment
Total expenses (excluding losses) 64,013 31,667 12,812 (27,452) 81,040
Operating balance before gains/(losses) (7,797) 979 767 (264) (6,315)
Total gains/(losses) 742 1,185 (112) (253) 1,562
Net surplus/(deficit) from associates and joint ventures 55 209 (37) 227
Attributable to minority interest in Air NZ 17 17
Operating balance (7,000) 2,373 635 (517) (4,509)

Expenses by functional classification

Social security and welfare 21,185 3,848 (827) 24,206
Health 13,128 11,070 (11,525) 12,673
Education 11,724 9,010 23 (8,317) 12,440
Transport and communications 2,345 2,108 5,977 (2,439) 7,991
Other 13,320 5,386 5,967 (3,720) 20,953
Finance costs 2,311 245 845 (624) 2,777
Forecast for future new spending and top down adjustment
Total Crown expenses (excluding losses) 64,013 31,667 12,812 (27,452) 81,040
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