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Budget 2015 Home Page Budget Economic and Fiscal Update 2015

Forecast Statement of Segments

Statement of Financial Performance for the year ended 30 June 2014
Core Crown
2014
Actual
$m
Crown entities
2014
Actual
$m
State-owned Enterprises
2014
Actual
$m
Inter-segment eliminations
2014
Actual
$m
Total Crown
2014
Actual
$m

Revenue

Taxation revenue 61,474 (595) 60,879
Other sovereign revenue 1,201 5,409 (1,160) 5,450
Revenue from core Crown funding 24,782 187 (24,969)
Sales of goods and services 1,488 1,868 13,650 (534) 16,472
Interest revenue and dividends 2,295 1,249 879 (1,248) 3,175
Other revenue 839 2,090 772 (281) 3,420
Total revenue (excluding gains) 67,297 35,398 15,488 (28,787) 89,396

Expenses

Social assistance and official development assistance 23,360 23,360
Personnel expenses 6,232 11,315 2,956 (19) 20,484
Other operating expenses 38,255 18,958 10,777 (27,565) 40,425
Interest expenses 3,620 219 1,161 (600) 4,400
Insurance expenses 3,464 14 23 3,501
Forecast for future new spending and top-down adjustment
Total expenses (excluding losses) 71,467 33,956 14,908 (28,161) 92,170
Minority interest share of operating balance before gains/(losses) 18 (173) (4) (159)
Operating balance before gains/(losses) (4,170) 1,460 407 (630) (2,933)
Total gains/(losses) 4,265 1,179 5 (68) 5,381
Net surplus/(deficit) from associates and joint ventures 108 235 16 1 360
Operating balance 203 2,874 428 (697) 2,808

Expenses by functional classification

Social security and welfare 23,281 4,526 (541) 27,266
Health 14,898 12,640 (13,194) 14,344
Education 12,300 9,622 4 (8,862) 13,064
Transport and communications 2,237 2,289 6,909 (2,298) 9,137
Other 15,131 4,660 6,834 (2,666) 23,959
Finance costs 3,620 219 1,161 (600) 4,400
Forecast for future new spending and top-down adjustment
Total Crown expenses (excluding losses) 71,467 33,956 14,908 (28,161) 92,170
Statement of Financial Position as at 30 June 2014
Core Crown
2014
Actual
$m
Crown entities
2014
Actual
$m
State-owned
Enterprises
2014
Actual
$m
Inter-segment
eliminations
2014
Actual
$m
Total Crown
2014
Actual
$m

Assets

Cash and cash equivalents 8,227 2,780 1,574 (693) 11,888
Receivables 11,819 6,379 1,762 (2,480) 17,480
Other financial assets 60,037 32,685 17,815 (16,728) 93,809
Property, plant and equipment 30,963 56,802 28,541 116,306
Equity accounted investments 32,543 8,627 192 (31,291) 10,071
Intangible assets and goodwill 1,184 542 1,194 2,920
Inventory and other assets 1,633 607 1,404 (35) 3,609
Forecast for new capital spending and top-down adjustment
Total assets 146,406 108,422 52,482 (51,227) 256,083

Liabilities

Borrowings 89,090 5,155 26,185 (17,011) 103,419
Other liabilities 28,442 43,836 7,245 (7,638) 71,885
Total liabilities 117,532 48,991 33,430 (24,649) 175,304
Total assets less total liabilities 28,874 59,431 19,052 (26,578) 80,779

Net worth

Taxpayers' funds 11,971 27,744 3,358 (29,773) 13,300
Reserves 16,903 31,627 10,111 3,627 62,268
Net worth attributable to minority interest 60 5,583 (432) 5,211
Total net worth 28,874 59,431 19,052 (26,578) 80,779
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