Forecast Statement of Segments (continued)
|
Core Crown 2013 Forecast $m |
Crown entities 2013 Forecast $m |
State-Owned Enterprises 2013 Forecast $m |
Inter-segment eliminations 2013 Forecast $m |
Total Crown 2013 Forecast $m |
|
|---|---|---|---|---|---|
Revenue |
|||||
| Taxation revenue | 57,376 | - | - | (502) | 56,874 |
| Other sovereign revenue | 1,121 | 5,266 | - | (1,259) | 5,128 |
| Sales of goods and services | 1,409 | 15,159 | 13,135 | (13,968) | 15,735 |
| Interest revenue and dividends | 2,261 | 1,114 | 864 | (1,028) | 3,211 |
| Other revenue | 772 | 13,267 | 1,251 | (11,631) | 3,659 |
| Total revenue (excluding gains) | 62,939 | 34,806 | 15,250 | (28,388) | 84,607 |
Expenses |
|||||
| Social assistance and official development assistance | 23,009 | - | - | (2) | 23,007 |
| Personnel expenses | 6,067 | 11,100 | 2,827 | (11) | 19,983 |
| Other operating expenses | 40,171 | 18,792 | 10,272 | (27,249) | 41,986 |
| Interest expenses | 3,579 | 245 | 1,181 | (595) | 4,410 |
| Insurance expenses | 5 | 3,384 | 9 | (24) | 3,374 |
| Forecast for future new spending and top-down adjustment | (833) | - | - | - | (833) |
| Total expenses (excluding losses) | 71,998 | 33,521 | 14,289 | (27,881) | 91,927 |
| Forgone profits from Government share offers | - | - | (20) | - | (20) |
| Operating balance before gains/(losses) | (9,059) | 1,285 | 941 | (507) | (7,340) |
| Total gains/(losses) | 2,828 | 1,103 | 92 | (154) | 3,869 |
| Net surplus/(deficit) from associates and joint ventures | 72 | 132 | (8) | - | 196 |
| Operating balance | (6,159) | 2,520 | 1,025 | (661) | (3,275) |
Expenses by functional classification |
|||||
| Social security and welfare | 22,878 | 4,432 | - | (621) | 26,689 |
| Health | 14,741 | 12,274 | - | (12,907) | 14,108 |
| Education | 12,400 | 9,764 | 27 | (8,929) | 13,262 |
| Transport and communications | 2,435 | 2,308 | 6,590 | (2,381) | 8,952 |
| Other | 16,798 | 4,498 | 6,491 | (2,448) | 25,339 |
| Finance costs | 3,579 | 245 | 1,181 | (595) | 4,410 |
| Forecast for future new spending and top-down adjustment | (833) | - | - | - | (833) |
| Total Crown expenses (excluding losses) | 71,998 | 33,521 | 14,289 | (27,881) | 91,927 |
|
Core Crown 2013 Forecast $m |
Crown entities 2013 Forecast $m |
State-Owned Enterprises 2013 Forecast $m |
Inter-segment eliminations 2013 Forecast $m |
Total Crown 2013 Forecast $m |
|
|---|---|---|---|---|---|
Assets |
|||||
| Cash and cash equivalents | 9,162 | 3,475 | 1,491 | (176) | 13,952 |
| Receivables | 10,564 | 7,056 | 2,033 | (2,026) | 17,627 |
| Other financial assets | 50,013 | 28,594 | 16,529 | (16,037) | 79,099 |
| Property, plant and equipment | 29,994 | 51,247 | 30,478 | - | 111,719 |
| Equity accounted investments | 32,747 | 8,098 | 586 | (31,606) | 9,825 |
| Intangible assets and goodwill | 1,176 | 526 | 1,006 | - | 2,708 |
| Inventory and other assets | 1,532 | 368 | 1,244 | (33) | 3,111 |
| Forecast for new capital spending and top-down adjustment | (221) | - | - | - | (221) |
| Total assets | 134,967 | 99,364 | 53,367 | (49,878) | 237,820 |
Liabilities |
|||||
| Borrowings | 86,280 | 5,304 | 26,363 | (15,198) | 102,749 |
| Other liabilities | 30,144 | 46,359 | 7,409 | (6,903) | 77,009 |
| Total liabilities | 116,424 | 51,663 | 33,772 | (22,101) | 179,758 |
| Total assets less total liabilities | 18,543 | 47,701 | 19,595 | (27,777) | 58,062 |
Net worth |
|||||
| Taxpayers' funds | 3,010 | 21,035 | 8,848 | (32,407) | 486 |
| Reserves | 15,533 | 26,633 | 10,301 | 3,332 | 55,799 |
| Net worth attributable to minority interest | - | 33 | 446 | 1,298 | 1,777 |
| Total net worth | 18,543 | 47,701 | 19,595 | (27,777) | 58,062 |
