Forecast Statement of Segments (continued)
|
Core Crown 2013 Forecast $m |
Crown entities 2013 Forecast $m |
State-owned enterprises 2013 Forecast $m |
Inter-segment eliminations 2013 Forecast $m |
Total Crown 2013 Forecast $m |
|
|---|---|---|---|---|---|
Revenue |
|||||
| Taxation revenue | 58,286 | - | - | (447) | 57,839 |
| Other sovereign revenue | 1,085 | 5,307 | - | (1,266) | 5,126 |
| Sales of goods and services | 1,456 | 15,111 | 14,170 | (13,928) | 16,809 |
| Interest revenue and dividends | 2,196 | 1,204 | 822 | (1,171) | 3,051 |
| Other revenue | 786 | 13,249 | 1,135 | (11,532) | 3,638 |
| Forecast revenue reduction contingency | - | - | - | - | - |
| Total revenue (excluding gains) | 63,809 | 34,871 | 16,127 | (28,344) | 86,463 |
Expenses |
|||||
| Social assistance and official development assistance | 22,917 | - | - | 1 | 22,918 |
| Personnel expenses | 6,071 | 11,148 | 2,947 | (10) | 20,156 |
| Other operating expenses | 39,384 | 18,628 | 11,668 | (27,194) | 42,486 |
| Interest expenses | 3,557 | 236 | 1,152 | (644) | 4,301 |
| Insurance expenses | 8 | 3,178 | 6 | (27) | 3,165 |
| Forecast for future new spending and top-down adjustment | (288) | - | - | - | (288) |
| Total expenses (excluding losses) | 71,649 | 33,190 | 15,773 | (27,874) | 92,738 |
| Forgone profits from Government share offers | - | - | (10) | - | (10) |
| Operating balance before gains/(losses) | (7,840) | 1,681 | 344 | (470) | (6,285) |
| Total gains/(losses) | 5,065 | 2,496 | 60 | 326 | 7,947 |
| Net surplus/(deficit) from associates and joint ventures | 75 | 130 | 52 | (1) | 256 |
| Operating balance | (2,700) | 4,307 | 456 | (145) | 1,918 |
Expenses by functional classification |
|||||
| Social security and welfare | 22,893 | 4,129 | - | (583) | 26,439 |
| Health | 14,526 | 12,201 | - | (12,832) | 13,895 |
| Education | 12,355 | 9,579 | 27 | (8,842) | 13,119 |
| Transport and communications | 2,352 | 2,314 | 6,919 | (2,780) | 8,805 |
| Other | 16,254 | 4,731 | 7,675 | (2,193) | 26,467 |
| Finance costs | 3,557 | 236 | 1,152 | (644) | 4,301 |
| Forecast for future new spending and top-down adjustment | (288) | - | - | - | (288) |
| Total Crown expenses (excluding losses) | 71,649 | 33,190 | 15,773 | (27,874) | 92,738 |
|
Core Crown 2013 Forecast $m |
Crown entities 2013 Forecast $m |
State-owned enterprises 2013 Forecast $m |
Inter-segment eliminations 2013 Forecast $m |
Total Crown 2013 Forecast $m |
|
|---|---|---|---|---|---|
Assets |
|||||
| Cash and cash equivalents | 11,811 | 3,954 | 933 | (206) | 16,492 |
| Receivables | 10,360 | 8,664 | 2,311 | (2,146) | 19,189 |
| Other financial assets | 49,445 | 29,488 | 17,441 | (15,934) | 80,440 |
| Property, plant and equipment | 29,561 | 50,715 | 29,058 | - | 109,334 |
| Equity accounted investments | 32,635 | 8,134 | 216 | (31,476) | 9,509 |
| Intangible assets and goodwill | 1,071 | 504 | 1,112 | - | 2,687 |
| Inventory and other assets | 1,549 | 410 | 1,387 | (34) | 3,312 |
| Forecast for new capital spending and top-down adjustment | (278) | - | - | - | (278) |
| Total assets | 136,154 | 101,869 | 52,458 | (49,796) | 240,685 |
Liabilities |
|||||
| Borrowings | 85,309 | 5,156 | 25,884 | (15,569) | 100,780 |
| Other liabilities | 28,882 | 47,351 | 7,556 | (7,154) | 76,635 |
| Total liabilities | 114,191 | 52,507 | 33,440 | (22,723) | 177,415 |
| Total assets less total liabilities | 21,963 | 49,362 | 19,018 | (27,073) | 63,270 |
Net worth |
|||||
| Taxpayers' funds | 6,419 | 22,628 | 8,293 | (31,739) | 5,601 |
| Reserves | 15,544 | 26,673 | 10,289 | 3,369 | 55,875 |
| Net worth attributable to minority interest | - | 61 | 436 | 1,297 | 1,794 |
| Total net worth | 21,963 | 49,362 | 19,018 | (27,073) | 63,270 |
