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Budget 2007 Home Page Half Year Economic & Fiscal Update 2007

Forecast Statement of Recognised Income and Expense for the years ending 30 June

Forecast Statement of Recognised Income and Expense for the years ending 30 June
  2007 2008 2008 2009 2010 2011 2012
  Actual Previous
Budget
Forecast Forecast Forecast Forecast Forecast
  $m $m $m $m $m $m $m
Revaluation of physical assets 5,163 58 (1)
Effective portion of changes in value of fair-value hedges (384) 39 173 4 14 5 6
Net change in fair value of cash flow hedges transferred to the operating statement (18) 74 5 (1) -  
Net change in fair value of cash flow hedges transferred to the hedged item (4) (23)
Foreign currency translation differences for foreign operations (62) 3
Valuation gain/(losses) on investments available for sale taken to reserves 10 8
Other movements 11 (1) 1 4 5 1
Total income/(expense) recognised directly in Net Worth 4,716 113 223 4 17 10 7
Operating Balance (including minority interest) 7,987 6,431 7,388 6,053 5,924 6,094 6,228
Total recognised income and expense 12,703 6,544 7,611 6,057 5,941 6,104 6,235
Attributable to:              
 - minority interest (12)
 - the Crown 12,715 6,544 7,611 6,057 5,941 6,104 6,235
Total recognised income and expense 12,703 6,544 7,611 6,057 5,941 6,104 6,235

This statement reports changes in net worth due to the operating balance, items of income or expense that are recognised directly in net worth, the effect of certain accounting changes and corrections of errors.

The accompanying Notes and Accounting policies are an integral part of these Statements.

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