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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