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Forecast Statement of Segments

Statement of Financial Performance for the year ended 30 June 2013
Core Crown
2013
Actual
$m
Crown entities
2013
Actual
$m
State-Owned
Enterprises
2013
Actual
$m
Inter-segment
eliminations
2013
Actual
$m
Total Crown
2013
Actual
$m

Revenue

Taxation revenue 58,651 (517) 58,134
Other sovereign revenue 1,133 5,295 (1,256) 5,172
Revenue from core Crown funding 24,096 268 (24,364)
Sales of goods and services 1,461 1,856 14,001 (605) 16,713
Interest revenue and dividends 2,104 1,270 856 (1,291) 2,939
Other revenue 800 2,547 811 (461) 3,697
Total revenue (excluding gains) 64,149 35,064 15,936 (28,494) 86,655

Expenses

Social assistance and official development assistance 22,709 (1) 22,708
Personnel expenses 6,037 10,966 2,949 (17) 19,935
Other operating expenses 37,940 18,648 11,540 (27,153) 40,975
Interest expenses 3,620 236 1,248 (746) 4,358
Insurance expenses 3,011 15 5 3,031
Forecast for future new spending and top-down adjustment
Total expenses (excluding losses) 70,306 32,861 15,752 (27,912) 91,007
Operating balance before gains/(losses) attributable to minority interests 10 (75) 3 (62)
Operating balance before gains/(losses) (6,157) 2,213 109 (579) (4,414)
Total gains/(losses) 6,379 3,501 454 642 10,976
Net surplus/(deficit) from associates and joint ventures 149 153 155 (62) 395
Attributable to minority interest 10 (104) 62 (32)
Operating balance 371 5,877 614 63 6,925

Expenses by functional classification

Social security and welfare 22,741 4,151 (624) 26,268
Health 14,498 12,236 (12,878) 13,856
Education 12,504 9,594 19 (8,751) 13,366
Transport and communications 2,255 2,250 6,891 (2,344) 9,052
Other 14,688 4,394 7,594 (2,569) 24,107
Finance costs 3,620 236 1,248 (746) 4,358
Forecast for future new spending and top-down adjustment
Total Crown expenses (excluding losses) 70,306 32,861 15,752 (27,912) 91,007
Statement of Financial Position as at 30 June 2013
Core Crown
2013
Actual
$m
Crown entities
2013
Actual
$m
State-Owned
Enterprises
2013
Actual
$m
Inter-segment
eliminations
2013
Actual
$m
Total Crown
2013
Actual
$m

Assets

Cash and cash equivalents 11,047 2,933 1,594 (650) 14,924
Receivables 11,924 8,368 2,037 (2,446) 19,883
Other financial assets 52,140 29,996 16,427 (14,591) 83,972
Property, plant and equipment 29,507 51,823 28,503 109,833
Equity accounted investments 32,611 8,151 187 (31,356) 9,593
Intangible assets and goodwill 1,041 573 1,162 2,776
Inventory and other assets 1,605 560 1,301 (31) 3,435
Forecast for new capital spending and top-down adjustment
Total assets 139,875 102,404 51,211 (49,074) 244,416

Liabilities

Borrowings 84,870 5,251 24,839 (14,873) 100,087
Other liabilities 29,392 45,261 7,226 (7,561) 74,318
Total liabilities 114,262 50,512 32,065 (22,434) 174,405
Total assets less total liabilities 25,613 51,892 19,146 (26,640) 70,011

Net worth

Taxpayers' funds 8,274 24,213 8,382 (30,007) 10,862
Reserves 15,840 27,638 10,192 3,539 57,209
Net worth attributable to minority interest 1,499 41 572 (172) 1,940
Total net worth 25,613 51,892 19,146 (26,640) 70,011
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