Table 23 - Statement of sources and uses of cash
|
2011 Actual $m |
2012 Forecast $m |
2013 Forecast $m |
2014 Forecast $m |
2015 Forecast $m |
2016 Forecast $m |
|
|---|---|---|---|---|---|---|
Cash receipts from operating activities |
||||||
| Total tax receipt | 54,774 | 57,647 | 61,171 | 66,131 | 70,216 | 74,322 |
| Interest and dividends | 2,929 | 2,490 | 2,711 | 2,829 | 2,995 | 2,989 |
| Sale of goods and services and other receipts | 8,249 | 9,510 | 11,411 | 9,657 | 9,021 | 8,754 |
| Total receipts | 65,952 | 69,647 | 75,293 | 78,617 | 82,232 | 86,065 |
Cash payments from operating activities |
||||||
| Compensation of employees and other payments | (41,327) | (43,610) | (45,675) | (43,615) | (41,781) | (40,539) |
| Social benefits | (22,172) | (23,049) | (23,284) | (23,806) | (24,534) | (25,518) |
| Grants and subsidies | (5,976) | (6,400) | (6,701) | (6,905) | (6,931) | (6,896) |
| Finance costs | (2,193) | (3,015) | (3,556) | (3,444) | (3,912) | (3,650) |
| Forecast for new operating spending and top-down adjustment | - | 363 | 352 | (991) | (2,220) | (3,417) |
| Total payments | (71,668) | (75,711) | (78,864) | (78,761) | (79,378) | (80,020) |
| Net cash inflow/(outflow) from operating activities | (5,716) | (6,064) | (3,571) | (144) | 2,854 | 6,045 |
Net cash outflow from investments in non-financial assets |
||||||
| Acquisition of non-financial assets | (4,593) | (4,690) | (5,243) | (4,641) | (4,725) | (4,662) |
| Disposal of non-financial assets | 165 | 164 | 311 | 276 | 305 | 232 |
| Forecast for new capital spending and top-down adjustment | - | 162 | (94) | (571) | (811) | (850) |
| Cash surplus/(deficit) | (10,144) | (10,428) | (8,597) | (5,080) | (2,377) | 765 |
Net acquisition of financial assets |
||||||
| Advances | (1,041) | (819) | (965) | (660) | (640) | (357) |
| Share investments | (2,685) | (17,749) | 8,099 | (5,841) | 3,941 | (2,944) |
| Net purchase of investments | 224 | 4 | 1,535 | 1,572 | 1,567 | 1,543 |
| Capital contributions | (380) | (342) | (244) | 6 | 6 | (54) |
Net incurrence of liabilities |
||||||
| New Zealand dollar borrowings | (951) | 10,187 | (3,379) | 891 | 1,483 | (656) |
| Foreign currency borrowings | 1,356 | (8,170) | (289) | (532) | (621) | (1,035) |
| Government stock | 21,382 | 21,797 | 3,184 | 9,354 | (3,920) | 2,537 |
| Net cash inflows from financing activities | 17,905 | 4,908 | 7,941 | 4,790 | 1,816 | (966) |
| Net change in the stock of cash | 7,761 | (5,520) | (656) | (290) | (561) | (201) |
