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Forecast Statement of Segments (2017)

Statement of Financial Performance for the year ended 30 June 2017
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 74,598 (611) 73,987
Other sovereign revenue 1,366 4,844 (1,313) 4,897
Revenue from core Crown funding 27,156 99 (27,255)
Sales of goods and services 1,613 2,215 13,427 (568) 16,687
Interest revenue and dividends 2,647 1,450 964 (1,423) 3,638
Other revenue 547 2,463 918 (241) 3,687
Total revenue (excluding gains) 80,771 38,128 15,408 (31,411) 102,896

Expenses

Social assistance and official development assistance 25,504 25,504
Personnel expenses 6,908 12,479 2,867 (33) 22,221
Other operating expenses 41,683 21,513 10,364 (29,976) 43,584
Interest expenses 3,588 146 1,135 (572) 4,297
Insurance expenses 1 5,450 6 1 5,458
Forecast for future new spending and top-down adjustment (220) (220)
Total expenses (excluding losses) 77,464 39,588 14,372 (30,580) 100,844
Minority interest share of operating balance before gains/(losses) (6) (452) 27 (431)
Operating balance before gains/(losses) 3,307 (1,466) 584 (804) 1,621
Total gains/(losses) 5,490 1,431 65 534 7,520
Net surplus/(deficit) from associates and joint ventures 122 173 5 (3) 297
Operating balance 8,919 138 654 (273) 9,438

Expenses by functional classification

Social security and welfare 25,412 5,794 (548) 30,658
Health 16,202 13,887 (14,363) 15,726
Education 13,441 10,331 (9,569) 14,203
Transport and communications 2,233 2,685 6,928 (2,506) 9,340
Other 16,808 6,745 6,309 (3,022) 26,840
Finance costs 3,588 146 1,135 (572) 4,297
Forecast for future new spending and top-down adjustment (220) (220)
Total expenses (excluding losses) 77,464 39,588 14,372 (30,580) 100,844
Statement of Financial Position as at 30 June 2017
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 13,883 2,379 1,608 (375) 17,495
Receivables 12,371 5,541 1,636 (2,908) 16,640
Other financial assets 65,063 39,335 21,590 (18,214) 107,774
Property, plant and equipment 36,729 69,211 32,232 138,172
Equity accounted investments 43,051 12,205 277 (41,167) 14,366
Intangible assets and goodwill 1,523 563 1,333 3,419
Inventory and other assets 1,624 736 1,037 (26) 3,371
Forecast for new capital spending and top-down adjustment 45 45
Total assets 174,289 129,970 59,713 (62,690) 301,282

Liabilities

Borrowings 97,118 4,279 30,519 (17,324) 114,592
Other liabilities 31,634 50,123 7,725 (8,715) 80,767
Total liabilities 128,752 54,402 38,244 (26,039) 195,359
Total assets less total liabilities 45,537 75,568 21,469 (36,651) 105,923

Net worth

Taxpayers' funds 24,837 35,452 4,207 (40,969) 23,527
Reserves 20,700 40,116 11,101 4,600 76,517
Net worth attributable to minority interest 6,161 (282) 5,879
Total net worth 45,537 75,568 21,469 (36,651) 105,923
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