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Budget 2013 Home Page Budget Economic and Fiscal Update 2013

Forecast Statement of Segments

Statement of Financial Performance for the year ended 30 June 2012
Core Crown
2012
Actual
$m
Crown entities
2012
Actual
$m
State-owned
enterprises
2012
Actual
$m
Inter-segment
eliminations
2012
Actual
$m
Total Crown
2012
Actual
$m

Revenue

Taxation revenue 55,081 (416) 54,665
Other sovereign revenue 935 5,384 (1,189) 5,130
Sales of goods and services 1,448 14,657 14,230 (13,550) 16,785
Interest revenue and dividends 1,795 1,181 858 (1,071) 2,763
Other revenue 1,306 13,249 943 (11,358) 4,140
Forecast revenue reduction contingency
Total revenue (excluding gains) 60,565 34,471 16,031 (27,584) 83,483

Expenses

Social assistance and official development assistance 22,367 (13) 22,354
Personnel expenses 5,915 10,754 2,819 (13) 19,475
Other operating expenses 37,280 17,897 13,174 (26,323) 42,028
Interest expenses 3,511 246 1,268 (735) 4,290
Insurance expenses 3 4,323 363 (113) 4,576
Forecast for future new spending and top-down adjustment
Total expenses (excluding losses) 69,076 33,220 17,624 (27,197) 92,723
Operating balance before gains/(losses) (8,511) 1,251 (1,593) (387) (9,240)
Total gains/(losses) (3,264) (2,025) 229 (774) (5,834)
Net surplus/(deficit) from associates and joint ventures 104 133 (3) (1) 233
Attributable to minority interest (56) (56)
Operating balance (11,671) (641) (1,423) (1,162) (14,897)

Expenses by functional classification

Social security and welfare 22,028 4,009 (580) 25,457
Health 14,160 11,907 (12,417) 13,650
Education 11,654 9,371 28 (8,646) 12,407
Transport and communications 2,232 2,130 8,102 (2,205) 10,259
Other 15,491 5,557 8,226 (2,614) 26,660
Finance costs 3,511 246 1,268 (735) 4,290
Forecast for future new spending and top-down adjustment
Total Crown expenses (excluding losses) 69,076 33,220 17,624 (27,197) 92,723
Statement of Financial Position as at 30 June 2012
Core Crown
2012
Actual
$m
Crown entities
2012
Actual
$m
State-owned
enterprises
2012
Actual
$m
Inter-segment
eliminations
2012
Actual
$m
Total Crown
2012
Actual
$m

Assets

Cash and cash equivalents 6,756 3,105 1,396 (571) 10,686
Receivables 10,974 10,011 2,154 (2,183) 20,956
Other financial assets 57,251 26,959 15,636 (15,310) 84,536
Property, plant and equipment 29,377 49,939 29,268 108,584
Equity accounted investments 31,308 7,982 340 (30,147) 9,483
Intangible assets and goodwill 1,112 494 1,099 2,705
Inventory and other assets 1,632 411 1,364 (39) 3,368
Forecast for new capital spending and top-down adjustment
Total assets 138,410 98,901 51,257 (48,250) 240,318

Liabilities

Borrowings 84,510 5,325 25,374 (14,675) 100,534
Other liabilities 30,528 49,357 7,281 (7,162) 80,004
Total liabilities 115,038 54,682 32,655 (21,837) 180,538
Total assets less total liabilities 23,372 44,219 18,602 (26,413) 59,780

Net worth

Taxpayers' funds 7,844 17,458 7,956 (29,738) 3,520
Reserves 15,528 26,728 10,220 3,352 55,828
Net worth attributable to minority interest 33 426 (27) 432
Total net worth 23,372 44,219 18,602 (26,413) 59,780
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