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Forecast Statement of Segments

Statement of Financial Performance for the year ended 30 June 2007
  Core Crown
2007
Actual
Crown Entities
2007
Actual
State-owned
Enterprises
2007
Actual
Inter-segment
eliminations
2007
Actual
Total Crown
2007
Actual
  $m $m $m $m $m
Revenue          
Taxation revenue 53,445 (422) 53,023
Other sovereign revenue 653 3,641 (593) 3,701
Sales of goods and services 1,073 11,328 10,692 (10,736) 12,357
Interest revenue and dividends 2,580 746 484 (826) 2,984
Other revenue 423 10,436 703 (9,200) 2,362
Forecast for future revenue
Total Revenue (excluding gains) 58,174 26,151 11,879 (21,777) 74,427
Expenses          
Social assistance and official development assistance 16,453 (107) 16,346
Personnel expenses 5,113 8,160 2,012 (4) 15,281
Other operating expenses 30,081 17,183 8,290 (20,986) 34,568
Interest expenses 2,330 274 685 (396) 2,893
Forecast for future new spending
Total Expenses (excluding losses) 53,977 25,617 10,987 (21,493) 69,088
Operating Balance before gains/(losses) 4,197 534 892 (284) 5,339
Total Gains/(losses) 2,344 364 (111) (43) 2,554
Net surplus/(deficit) from associates and joint ventures 48 108 29 1 186
Gain/(loss) from discontinued operations (92) (92)
Attributable to minority interest in Air NZ 12 12
Operating Balance 6,497 1,006 822 (326) 7,999
Expenses by functional classification          
Social security and welfare 17,214 4,146 (413) 20,947
Health 10,357 9,005 (8,851) 10,511
Education 9,261 6,900 24 (6,298) 9,887
Transport and communications 2,275 1,593 5,354 (2,350) 6,872
Other 12,540 3,699 4,924 (3,185) 17,978
Finance costs 2,330 274 685 (396) 2,893
Forecast for future new spending
Total Crown Expenses excluding losses 53,977 25,617 10,987 (21,493) 69,088

 

Statement of Financial Position as at 30 June 2007
  Core Crown
2007
Actual
Crown Entities
2007
Actual
State-owned
Enterprises
2007
Actual
Inter-segment
eliminations
2007
Actual
Total Crown
2007
Actual
  $m $m $m $m $m
Assets          
Cash and cash equivalents 1,096 2,868 492 (248) 4,208
Receivables 7,558 3,636 1,727 (892) 12,029
Other financial assets 43,378 15,979 6,722 (8,390) 57,689
Property, plant & equipment 26,200 41,328 28,085 95,613
Equity accounted investments 24,968 6,331 89 (24,467) 6,921
Intangible assets and goodwill 799 361 492 1 1,653
Other assets 1,072 253 833 (26) 2,132
Forecast for new capital spending
Total Assets 105,071 70,756 38,440 (34,022) 180,245
Liabilities          
Borrowings 35,885 4,424 10,301 (8,696) 41,914
Other liabilities 18,515 23,022 5,368 (5,278) 41,627
Total Liabilities 54,400 27,446 15,669 (13,974) 83,541
Total Assets less Total Liabilities 50,671 43,310 22,771 (20,048) 96,704
Net Worth          
Taxpayer funds 39,075 20,930 7,148 (22,984) 44,169
Reserves 11,596 22,380 15,221 3,042 52,239
Net worth attributable to minority interest in Air NZ 402 (106) 296
Total Net Worth 50,671 43,310 22,771 (20,048) 96,704
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