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Forecast Statement of Segments (2021)

Statement of Financial Performance for the year ended 30 June 2021
Core Crown
2021
Forecast
$m
Crown entities
2021
Forecast
$m
State-owned
Enterprises
2021
Forecast
$m
Inter-segment
eliminations
2021
Forecast
$m
Total Crown
2021
Forecast
$m
Revenue
Taxation revenue 89,939 (718) 89,221
Other sovereign revenue 1,631 5,935 (1,502) 6,064
Revenue from core Crown funding 28,255 90 (28,345)
Sales of goods and services 1,690 2,005 15,477 (606) 18,566
Interest revenue and dividends 2,938 1,466 1,138 (1,180) 4,362
Other revenue 605 2,564 1,080 (375) 3,874
Total revenue (excluding gains) 96,803 40,225 17,785 (32,726) 122,087
Expenses
Social assistance and official development assistance 29,386 29,386
Personnel expenses 7,156 13,211 3,228 (34) 23,561
Other operating expenses 43,990 21,645 12,166 (31,427) 46,374
Interest expenses 3,806 91 1,105 (513) 4,489
Insurance expenses 2 5,748 6 (1) 5,755
Forecast for future new spending and top-down adjustment 4,883 4,883
Total expenses (excluding losses) 89,223 40,695 16,505 (31,975) 114,448
Minority interest share of operating balance before gains/(losses) (2) (492) 23 (471)
Operating balance before gains/(losses) 7,580 (472) 788 (728) 7,168
Total gains/(losses) 3,089 347 58 (147) 3,347
Net surplus/(deficit) from associates and joint ventures 105 197 11 (4) 309
Operating balance 10,774 72 857 (879) 10,824
Expenses by functional classification
Social security and welfare 29,104 6,837 (617) 35,324
Health 17,193 14,215 (15,030) 16,378
Education 14,413 10,770 (10,030) 15,153
Transport and communications 2,456 2,699 8,162 (2,702) 10,615
Other 17,368 6,083 7,238 (3,083) 27,606
Finance costs 3,806 91 1,105 (513) 4,489
Forecast for future new spending and top-down adjustment 4,883 4,883
Total expenses (excluding losses) 89,223 40,695 16,505 (31,975) 114,448
Statement of Financial Position as at 30 June 2021
Core Crown
2021
Forecast
$m
Crown entities
2021
Forecast
$m
State-owned
Enterprises
2021
Forecast
$m
Inter-segment
eliminations
2021
Forecast
$m
Total Crown
2021
Forecast
$m

Assets

Cash and cash equivalents 13,709 1,817 1,580 (365) 16,741
Receivables 14,971 5,839 1,845 (2,162) 20,493
Other financial assets 66,544 44,081 26,954 (19,867) 117,712
Property, plant and equipment 39,341 77,339 31,915 148,595
Equity accounted investments 51,784 13,006 281 (48,697) 16,374
Intangible assets and goodwill 1,670 598 1,386 3,654
Inventory and other assets 1,673 772 1,054 (25) 3,474
Forecast for new capital spending and top-down adjustment 4,231 4,231
Total assets 193,923 143,452 65,015 (71,116) 331,274

Liabilities

Borrowings 87,396 6,154 35,298 (18,957) 109,891
Other liabilities 28,485 53,993 7,887 (7,653) 82,712
Total liabilities 115,881 60,147 43,185 (26,610) 192,603
Total assets less total liabilities 78,042 83,305 21,830 (44,506) 138,671

Net worth

Taxpayers' funds 57,167 44,045 4,780 (48,825) 57,167
Reserves 20,875 39,260 11,098 4,582 75,815
Net worth attributable to minority interest 5,952 (263) 5,689
Total net worth 78,042 83,305 21,830 (44,506) 138,671
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