Forecast Statement of Segments (continued)
|
Core Crown 2017 Forecast $m |
Crown entities 2017 Forecast $m |
State-owned enterprises 2017 Forecast $m |
Inter-segment eliminations 2017 Forecast $m |
Total Crown 2017 Forecast $m |
|
|---|---|---|---|---|---|
Revenue |
|||||
| Taxation revenue | 72,820 | - | - | (838) | 71,982 |
| Other sovereign revenue | 1,105 | 5,682 | - | (1,256) | 5,531 |
| Sales of goods and services | 1,345 | 15,631 | 16,231 | (14,122) | 19,085 |
| Interest revenue and dividends | 3,504 | 1,438 | 1,395 | (1,273) | 5,064 |
| Other revenue | 714 | 13,841 | 1,116 | (11,839) | 3,832 |
| Forecast revenue reduction contingency | - | (1,000) | - | - | (1,000) |
| Total revenue (excluding gains) | 79,488 | 35,592 | 18,742 | (29,328) | 104,494 |
Expenses |
|||||
| Social assistance and official development assistance | 25,408 | - | - | - | 25,408 |
| Personnel expenses | 6,209 | 11,706 | 2,990 | (11) | 20,894 |
| Other operating expenses | 38,190 | 19,284 | 12,907 | (27,991) | 42,390 |
| Interest expenses | 4,273 | 256 | 1,656 | (590) | 5,595 |
| Insurance expenses | 3 | 4,129 | 10 | (1) | 4,141 |
| Forecast for future new spending and top-down adjustment | 3,108 | - | - | - | 3,108 |
| Total expenses (excluding losses) | 77,191 | 35,375 | 17,563 | (28,593) | 101,536 |
| Forgone profits from Government share offers | - | - | (340) | - | (340) |
| Operating balance before gains/(losses) | 2,297 | 217 | 839 | (735) | 2,618 |
| Total gains/(losses) | 1,886 | 906 | (14) | (195) | 2,583 |
| Net surplus/(deficit) from associates and joint ventures | 69 | 136 | 9 | (2) | 212 |
| Operating balance | 4,252 | 1,259 | 834 | (932) | 5,413 |
Expenses by functional classification |
|||||
| Social security and welfare | 25,246 | 5,160 | - | (605) | 29,801 |
| Health | 14,888 | 12,353 | - | (13,166) | 14,075 |
| Education | 12,610 | 9,957 | 27 | (9,139) | 13,455 |
| Transport and communications | 2,218 | 2,495 | 7,597 | (2,825) | 9,485 |
| Other | 14,848 | 5,154 | 8,283 | (2,268) | 26,017 |
| Finance costs | 4,273 | 256 | 1,656 | (590) | 5,595 |
| Forecast for future new spending and top-down adjustment | 3,108 | - | - | - | 3,108 |
| Total Crown expenses (excluding losses) | 77,191 | 35,375 | 17,563 | (28,593) | 101,536 |
|
Core Crown 2017 Forecast $m |
Crown entities 2017 Forecast $m |
State-owned enterprises 2017 Forecast $m |
Inter-segment eliminations 2017 Forecast $m |
Total Crown 2017 Forecast $m |
|
|---|---|---|---|---|---|
Assets |
|||||
| Cash and cash equivalents | 12,086 | 2,486 | 385 | (205) | 14,752 |
| Receivables | 10,239 | 5,362 | 2,544 | (1,593) | 16,552 |
| Other financial assets | 62,014 | 35,768 | 26,025 | (18,332) | 105,475 |
| Property, plant and equipment | 30,966 | 55,874 | 30,577 | - | 117,417 |
| Equity accounted investments | 37,370 | 8,732 | 210 | (36,294) | 10,018 |
| Intangible assets and goodwill | 1,165 | 497 | 1,164 | - | 2,826 |
| Inventory and other assets | 1,533 | 359 | 1,415 | (34) | 3,273 |
| Forecast for new capital spending and top-down adjustment | 2,739 | - | - | - | 2,739 |
| Total assets | 158,112 | 109,078 | 62,320 | (56,458) | 273,052 |
Liabilities |
|||||
| Borrowings | 101,075 | 5,916 | 34,336 | (18,205) | 123,122 |
| Other liabilities | 25,891 | 41,894 | 8,606 | (6,467) | 69,924 |
| Total liabilities | 126,966 | 47,810 | 42,942 | (24,672) | 193,046 |
| Total assets less total liabilities | 31,146 | 61,268 | 19,378 | (31,786) | 80,006 |
Net worth |
|||||
| Taxpayers' funds | 15,563 | 34,929 | 7,736 | (39,607) | 18,621 |
| Reserves | 15,583 | 26,111 | 10,256 | 3,359 | 55,309 |
| Net worth attributable to minority interest | - | 228 | 1,386 | 4,462 | 6,076 |
| Total net worth | 31,146 | 61,268 | 19,378 | (31,786) | 80,006 |
