Statement of Financial Performance for the year ended 30 June 2015
|
Core Crown 2015 Forecast $m |
Crown Entities 2015 Forecast $m |
State-owned Enterprises 2015 Forecast $m |
Inter-segment eliminations 2015 Forecast $m |
Total Crown 2015 Forecast $m |
|
|---|---|---|---|---|---|
Revenue |
|||||
| Taxation revenue | 68,545 | - | - | (738) | 67,807 |
| Other sovereign revenue | 2,733 | 6,156 | - | (1,262) | 7,627 |
| Sales of goods and services | 1,450 | 14,511 | 15,800 | (13,365) | 18,396 |
| Interest revenue and dividends | 3,179 | 1,512 | 971 | (1,747) | 3,915 |
| Other revenue | 683 | 12,937 | 819 | (11,139) | 3,300 |
| Total Revenue (excluding gains) | 76,590 | 35,116 | 17,590 | (28,251) | 101,045 |
Expenses |
|||||
| Social assistance and official development assistance | 25,914 | - | - | (246) | 25,668 |
| Personnel expenses | 6,154 | 10,685 | 2,843 | (9) | 19,673 |
| Other operating expenses | 36,820 | 22,646 | 12,002 | (26,232) | 45,236 |
| Interest expenses | 4,919 | 307 | 1,437 | (1,053) | 5,610 |
| Forecast for future new spending and top down adjustment | 4,819 | - | - | - | 4,819 |
| Total Expenses (excluding losses) | 78,626 | 33,638 | 16,282 | (27,540) | 101,006 |
| Operating Balance before gains/(losses) | (2,036) | 1,478 | 1,308 | (711) | 39 |
| Total gains/(losses) | 1,811 | 582 | 198 | (232) | 2,359 |
| Net surplus/(deficit) from associates and joint ventures | 81 | 206 | 37 | (4) | 320 |
| Attributable to minority interest in Air NZ | - | - | - | - | - |
| Operating Balance | (144) | 2,266 | 1,543 | (947) | 2,718 |
Expenses by functional classification |
|||||
| Social security and welfare | 25,739 | 5,734 | - | (903) | 30,570 |
| Health | 13,755 | 11,196 | - | (11,836) | 13,115 |
| Education | 12,018 | 9,390 | 24 | (8,528) | 12,904 |
| Transport and communications | 2,081 | 2,232 | 7,037 | (2,245) | 9,105 |
| Other | 15,295 | 4,779 | 7,784 | (2,975) | 24,883 |
| Finance costs | 4,919 | 307 | 1,437 | (1,053) | 5,610 |
| Forecast for future new spending and top down adjustment | 4,819 | - | - | - | 4,819 |
| Total Crown Expenses (excluding losses) | 78,626 | 33,638 | 16,282 | (27,540) | 101,006 |
Statement of Financial Position as at 30 June 2015
|
Core Crown 2015 Forecast $m |
Crown Entities 2015 Forecast $m |
State-owned Enterprises 2015 Forecast $m |
Inter-segment eliminations 2015 Forecast $m |
Total Crown 2015 Forecast $m |
|
|---|---|---|---|---|---|
Assets |
|||||
| Cash and cash equivalents | 7,310 | 2,207 | 875 | (191) | 10,201 |
| Receivables | 6,988 | 5,886 | 2,532 | (1,520) | 13,886 |
| Other financial assets | 47,837 | 36,762 | 18,855 | (18,004) | 85,450 |
| Property, plant & equipment | 30,442 | 54,246 | 43,061 | - | 127,749 |
| Equity accounted investments | 34,753 | 8,814 | 363 | (33,757) | 10,173 |
| Intangible assets and goodwill | 1,317 | 405 | 586 | - | 2,308 |
| Other assets | 1,536 | 371 | 1,246 | (29) | 3,124 |
| Forecast for new capital spending and top down adjustment | 3,382 | - | - | - | 3,382 |
| Total Assets | 133,565 | 108,691 | 67,518 | (53,501) | 256,273 |
Liabilities |
|||||
| Borrowings | 90,035 | 5,785 | 28,891 | (18,060) | 106,651 |
| Other liabilities | 22,140 | 42,117 | 8,577 | (6,336) | 66,498 |
| Total Liabilities | 112,175 | 47,902 | 37,468 | (24,396) | 173,149 |
| Total Assets less Total Liabilities | 21,390 | 60,789 | 30,050 | (29,105) | 83,124 |
Net Worth |
|||||
| Taxpayer funds | 5,485 | 33,750 | 12,552 | (32,394) | 19,393 |
| Reserves | 15,905 | 27,039 | 17,055 | 3,330 | 63,329 |
| Net worth attributable to minority interest in Air NZ | - | - | 443 | (41) | 402 |
| Total Net Worth | 21,390 | 60,789 | 30,050 | (29,105) | 83,124 |
