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Budget 2016 Home Page Budget Economic and Fiscal Update 2016

Forecast Statement of Segments

Statement of Financial Performance for the year ended 30 June 2015
Core Crown
2015
Actual
$m
Crown entities
2015
Actual
$m
State-owned
Enterprises
2015
Actual
$m
Inter-segment
eliminations
2015
Actual
$m
Total Crown
2015
Actual
$m

Revenue

Taxation revenue 66,636 (581) 66,055
Other sovereign revenue 993 5,062 (1,102) 4,953
Revenue from core Crown funding 25,535 139 (25,674)
Sales of goods and services 1,393 1,854 14,171 (552) 16,866
Interest revenue and dividends 2,452 1,429 1,043 (1,400) 3,524
Other revenue 739 2,414 822 (360) 3,615
Total revenue (excluding gains) 72,213 36,294 16,175 (29,669) 95,013

Expenses

Social assistance and official development assistance 23,723 23,723
Personnel expenses 6,552 11,660 2,935 (23) 21,124
Other operating expenses 38,299 19,665 10,983 (28,195) 40,752
Interest expenses 3,783 221 1,280 (721) 4,563
Insurance expenses 6 4,085 11 8 4,110
Forecast for future new spending and top-down adjustment
Total expenses (excluding losses) 72,363 35,631 15,209 (28,931) 94,272
Minority interest share of operating balance before gains/(losses) 21 (384) 36 (327)
Operating balance before gains/(losses) (150) 684 582 (702) 414
Total gains/(losses) 3,670 1,417 342 (1,100) 4,329
Net surplus/(deficit) from associates and joint ventures 359 685 (235) 219 1,028
Operating balance 3,879 2,786 689 (1,583) 5,771

Expenses by functional classification

Social security and welfare 23,523 5,246 (538) 28,231
Health 15,058 12,922 (13,284) 14,696
Education 12,879 9,853 (9,195) 13,537
Transport and communications 2,291 2,564 6,919 (2,495) 9,279
Other 14,829 4,825 7,010 (2,698) 23,966
Finance costs 3,783 221 1,280 (721) 4,563
Forecast for future new spending and top-down adjustment
Total expenses (excluding losses) 72,363 35,631 15,209 (28,931) 94,272
Statement of Financial Position as at 30 June 2015
Core Crown
2015
Actual
$m
Crown entities
2015
Actual
$m
State-owned
Enterprises
2015
Actual
$m
Inter-segment
eliminations
2015
Actual
$m
Total Crown
2015
Actual
$m

Assets

Cash and cash equivalents 9,032 2,452 1,039 (541) 11,982
Receivables 12,171 6,361 1,783 (2,713) 17,602
Other financial assets 67,552 36,443 19,766 (17,558) 106,203
Property, plant and equipment 32,289 61,417 30,852 124,558
Equity accounted investments 34,883 9,790 565 (33,320) 11,918
Intangible assets and goodwill 1,239 607 1,210 3,056
Inventory and other assets 1,547 674 1,194 (31) 3,384
Forecast for new capital spending and top-down adjustment
Total assets 158,713 117,744 56,409 (54,163) 278,703

Liabilities

Borrowings 95,549 5,640 28,437 (17,046) 112,580
Other liabilities 29,762 44,766 7,572 (8,213) 73,887
Total liabilities 125,311 50,406 36,009 (25,259) 186,467
Total assets less total liabilities 33,402 67,338 20,400 (28,904) 92,236

Net worth

Taxpayers' funds 15,766 32,400 3,752 (32,564) 19,354
Reserves 17,636 34,839 10,565 4,060 67,100
Net worth attributable to minority interest 99 6,083 (400) 5,782
Total net worth 33,402 67,338 20,400 (28,904) 92,236
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