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Budget 2007 Home Page Half Year Economic & Fiscal Update 2007

Forecast Statement of Financial Position as at 30 June

Forecast Statement of Financial Position as at 30 June
    2007 2008 2008 2009 2010 2011 2012
  Note Actual Previous
Budget
Forecast Forecast Forecast Forecast Forecast
    $m $m $m $m $m $m $m
Assets                
Cash and cash equivalents 11 4,208 3,196 4,232 4,591 4,709 5,048 5,738
Receivables 11 12,029 12,547 13,352 13,447 13,744 14,034 14,242
Marketable securities and derivatives in gain 11 29,831 32,885 35,601 36,759 37,465 42,166 41,956
Share investments 11 13,827 17,273 15,601 17,284 18,787 20,117 22,213
Advances 11 14,031 15,087 16,424 18,899 21,404 21,957 22,453
Inventory   823 982 914 1,008 1,040 994 963
Prepayments and other assets   1,309 1,205 1,338 1,547 1,640 1,739 1,865
Property, plant & equipment 13 95,613 95,950 98,662 100,884 103,537 106,081 108,138
Equity accounted investments [i]   6,921 6,647 7,518 7,899 8,155 8,427 8,715
Intangible assets and goodwill   1,653 1,555 1,794 1,786 1,776 1,717 1,915
Forecast for new capital spending   184 1,003 1,756 2,680 3,790
Top-down capital adjustment   (200) (250) (350) (450) (550) (650)
Total Assets   180,245 187,311 195,186 204,757 213,563 224,410 231,338
Liabilities                
Issued currency   3,444 3,730 3,625 3,802 3,988 4,184 4,389
Payables 15 8,103 9,036 8,334 8,492 8,557 8,535 8,492
Deferred revenue   978 845 868 876 877 874 872
Borrowings   41,914 46,364 46,363 47,956 49,351 53,106 52,434
Insurance liabilities 16 17,419 19,011 19,677 20,777 21,977 23,225 24,514
Retirement plan liabilities 17 7,160 8,414 7,479 7,497 7,475 7,424 7,328
Provisions 18 4,523 3,850 4,525 4,985 5,025 4,645 4,657
Total Liabilities   83,541 91,250 90,871 94,385 97,250 101,993 102,686
Total Assets less Total Liabilities   96,704 96,061 104,315 110,372 116,313 122,417 128,652
Net Worth                
Taxpayer funds 19 44,169 48,239 51,555 57,609 63,538 69,637 75,866
Revaluation reserve 19 52,371 47,402 52,429 52,429 52,428 52,428 52,428
Other reserves 19 (132) 127 35 38 51 56 62
Total Net Worth attributable to the Crown   96,408 95,768 104,019 110,076 116,017 122,121 128,356
Net worth attributable to minority interest   296 293 296 296 296 296 296
Total Net Worth   96,704 96,061 104,315 110,372 116,313 122,417 128,652
  • [i] Tertiary education institutions constitute most equity accounted investments.

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

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