Forecast Statement of Segments (continued)
|
Core Crown 2014 Forecast $m |
Crown entities 2014 Forecast $m |
State-Owned Enterprises 2014 Forecast $m |
Inter-segment eliminations 2014 Forecast $m |
Total Crown 2013 Forecast $m |
|
|---|---|---|---|---|---|
Revenue |
|||||
| Taxation revenue | 61,857 | - | - | (609) | 61,248 |
| Other sovereign revenue | 1,236 | 5,357 | - | (1,273) | 5,320 |
| Sales of goods and services | 1,373 | 15,208 | 13,458 | (13,908) | 16,131 |
| Interest revenue and dividends | 2,586 | 1,248 | 1,028 | (1,152) | 3,710 |
| Other revenue | 734 | 13,017 | 1,090 | (11,172) | 3,669 |
| Total revenue (excluding gains) | 67,786 | 34,830 | 15,576 | (28,114) | 90,078 |
Expenses |
|||||
| Social assistance and official development assistance | 23,570 | - | - | 1 | 23,571 |
| Personnel expenses | 6,016 | 11,060 | 2,839 | (11) | 19,904 |
| Other operating expenses | 37,663 | 18,476 | 10,349 | (26,901) | 39,587 |
| Interest expenses | 3,752 | 249 | 1,393 | (711) | 4,683 |
| Insurance expenses | 2 | 3,385 | 9 | - | 3,396 |
| Forecast for future new spending and top-down adjustment | 778 | - | - | - | 778 |
| Total expenses (excluding losses) | 71,781 | 33,170 | 14,590 | (27,622) | 91,919 |
| Forgone profits from Government share offers | - | - | (170) | - | (170) |
| Operating balance before gains/(losses) | (3,995) | 1,660 | 816 | (492) | (2,011) |
| Total gains/(losses) | 1,682 | 304 | 33 | (176) | 1,843 |
| Net surplus/(deficit) from associates and joint ventures | 73 | 135 | 10 | (1) | 217 |
| Operating balance | (2,240) | 2,099 | 859 | (669) | 49 |
Expenses by functional classification |
|||||
| Social security and welfare | 23,598 | 4,565 | - | (637) | 27,526 |
| Health | 14,629 | 12,076 | - | (12,890) | 13,815 |
| Education | 12,215 | 9,640 | 27 | (8,827) | 13,055 |
| Transport and communications | 2,073 | 2,304 | 6,704 | (2,223) | 8,858 |
| Other | 14,736 | 4,336 | 6,466 | (2,334) | 23,204 |
| Finance costs | 3,752 | 249 | 1,393 | (711) | 4,683 |
| Forecast for future new spending and top-down adjustment | 778 | - | - | - | 778 |
| Total Crown expenses (excluding losses) | 71,781 | 33,170 | 14,590 | (27,622) | 91,919 |
|
Core Crown 2014 Forecast $m |
Crown entities 2014 Forecast $m |
State-Owned Enterprises 2014 Forecast $m |
Inter-segment eliminations 2014 Forecast $m |
Total Crown 2013 Forecast $m |
|
|---|---|---|---|---|---|
Assets |
|||||
| Cash and cash equivalents | 9,169 | 3,051 | 1,322 | (176) | 13,366 |
| Receivables | 9,705 | 6,041 | 2,040 | (1,792) | 15,994 |
| Other financial assets | 53,801 | 29,560 | 18,322 | (15,421) | 86,262 |
| Property, plant and equipment | 30,757 | 52,705 | 31,230 | - | 114,692 |
| Equity accounted investments | 33,755 | 8,241 | 622 | (32,636) | 9,982 |
| Intangible assets and goodwill | 1,287 | 520 | 988 | - | 2,795 |
| Inventory and other assets | 1,660 | 382 | 1,256 | (33) | 3,265 |
| Forecast for new capital spending and top-down adjustment | 405 | - | - | - | 405 |
| Total assets | 140,539 | 100,500 | 55,780 | (50,058) | 246,761 |
Liabilities |
|||||
| Borrowings | 94,687 | 5,396 | 28,330 | (14,744) | 113,669 |
| Other liabilities | 28,196 | 44,260 | 7,615 | (6,696) | 73,375 |
| Total liabilities | 122,883 | 49,656 | 35,945 | (21,440) | 187,044 |
| Total assets less total liabilities | 17,656 | 50,844 | 19,835 | (28,618) | 59,717 |
Net worth |
|||||
| Taxpayers' funds | 2,095 | 24,270 | 8,918 | (34,471) | 812 |
| Reserves | 15,561 | 26,541 | 10,301 | 3,330 | 55,733 |
| Net worth attributable to minority interest | - | 33 | 616 | 2,523 | 3,172 |
| Total net worth | 17,656 | 50,844 | 19,835 | (28,618) | 59,717 |
