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Budget 2012 Home Page Budget Economic and Fiscal Update 2012

Forecast Statement of Segments

Statement of Financial Performance for the year ended 30 June 2011
Core Crown
2011
Actual
$m
Crown entities
2011
Actual
$m
State-owned
enterprises
2011
Actual
$m
Inter-segment
eliminations
2011
Actual
$m
Total Crown
2011
Actual
$m

Revenue

Taxation revenue 51,557 (429) 51,128
Other sovereign revenue 1,275 5,080 (1,074) 5,281
Sales of goods and services 1,443 14,680 12,510 (13,549) 15,084
Interest revenue and dividends 2,169 1,234 801 (1,634) 2,570
Other revenue 1,106 17,042 935 (11,583) 7,500
Total revenue (excluding gains) 57,550 38,036 14,246 (28,269) 81,563

Expenses

Social assistance and official development assistance 22,227 (55) 22,172
Personnel expenses 5,996 10,410 2,695 (13) 19,088
Other operating expenses 39,161 32,670 9,727 (26,455) 55,103
Interest expenses 3,066 248 1,027 (745) 3,596
Forecast for future new spending and top-down adjustment
Total expenses (excluding losses) 70,450 43,328 13,449 (27,268) 99,959
Operating balance before gains/(losses) (12,900) (5,292) 797 (1,001) (18,396)
Total gains/(losses) 3,530 1,989 (545) (276) 4,698
Net surplus/(deficit) from associates and joint ventures 103 160 (26) 237
Attributable to minority interest in Air NZ 101 101
Operating balance (9,267) (3,143) 327 (1,277) (13,360)

Expenses by functional classification

Social security and welfare 22,005 3,945 (626) 25,324
Health 13,753 11,467 (12,152) 13,068
Education 11,650 9,176 23 (8,443) 12,406
Transport and communications 2,281 2,117 6,203 (2,199) 8,402
Other 17,695 16,375 6,196 (3,103) 37,163
Finance costs 3,066 248 1,027 (745) 3,596
Forecast for future new spending and top-down adjustment
Total Crown expenses (excluding losses) 70,450 43,328 13,449 (27,268) 99,959
Statement of Financial Position as at 30 June 2011
Core Crown
2011
Actual
$m
Crown entities
2011
Actual
$m
State-owned
enterprises
2011
Actual
$m
Inter-segment
eliminations
2011
Actual
$m
Total Crown
2011
Actual
$m

Assets

Cash and cash equivalents 6,087 2,773 1,425 (484) 9,801
Receivables 11,376 8,999 3,576 (2,261) 21,690
Other financial assets 59,012 24,619 15,240 (15,000) 83,871
Property, plant and equipment 29,549 48,480 36,825 114,854
Equity accounted investments 30,093 7,979 197 (28,968) 9,301
Intangible assets and goodwill 1,157 430 807 2,394
Inventory and other assets 1,691 378 1,290 (55) 3,304
Forecast for new capital spending and top-down adjustment
Total assets 138,965 93,658 59,360 (46,768) 245,215

Liabilities

Borrowings 76,827 5,123 23,099 (14,804) 90,245
Other liabilities 27,207 45,105 9,021 (7,250) 74,083
Total liabilities 104,034 50,228 32,120 (22,054) 164,328
Total assets less total liabilities 34,931 43,430 27,240 (24,714) 80,887

Net worth

Taxpayer funds 19,531 17,098 9,574 (28,015) 18,188
Reserves 15,400 26,332 17,323 3,336 62,391
Net worth attributable to minority interest in Air NZ 343 (35) 308
Total net worth 34,931 43,430 27,240 (24,714) 80,887
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