Forecast Statement of Segments (continued)
|
Core Crown 2012 Forecast $m |
Crown entities 2012 Forecast $m |
State-owned enterprises 2012 Forecast $m |
Inter-segment eliminations 2012 Forecast $m |
Total Crown 2012 Forecast $m |
|
|---|---|---|---|---|---|
Revenue |
|||||
| Taxation revenue | 55,451 | - | - | (494) | 54,957 |
| Other sovereign revenue | 1,445 | 5,391 | - | (1,273) | 5,563 |
| Sales of goods and services | 1,457 | 14,803 | 14,178 | (13,613) | 16,825 |
| Interest revenue and dividends | 2,039 | 1,325 | 828 | (1,378) | 2,814 |
| Other revenue | 773 | 13,229 | 1,074 | (11,598) | 3,478 |
| Total revenue (excluding gains) | 61,165 | 34,748 | 16,080 | (28,356) | 83,637 |
Expenses |
|||||
| Social assistance and official development assistance | 22,593 | - | - | (13) | 22,580 |
| Personnel expenses | 6,011 | 10,724 | 2,811 | (10) | 19,536 |
| Other operating expenses | 42,828 | 21,991 | 11,185 | (27,006) | 48,998 |
| Interest expenses | 3,655 | 266 | 1,129 | (1,091) | 3,959 |
| Forecast for future new spending and top-down adjustment | (627) | - | - | - | (627) |
| Total expenses (excluding losses) | 74,460 | 32,981 | 15,125 | (28,120) | 94,446 |
| Operating balance before gains/(losses) | (13,295) | 1,767 | 955 | (236) | (10,809) |
| Total gains/(losses) | (798) | (1,397) | 113 | 14 | (2,068) |
| Net surplus/(deficit) from associates and joint ventures | 83 | 168 | 29 | (4) | 276 |
| Attributable to minority interest in Air NZ | - | - | - | - | - |
| Operating balance | (14,010) | 538 | 1,097 | (226) | (12,601) |
Expenses by functional classification |
|||||
| Social security and welfare | 22,560 | 4,101 | - | (614) | 26,047 |
| Health | 14,350 | 12,009 | - | (12,550) | 13,809 |
| Education | 12,269 | 9,421 | 23 | (8,661) | 13,052 |
| Transport and communications | 2,468 | 2,148 | 6,670 | (2,343) | 8,943 |
| Other | 19,785 | 5,036 | 7,303 | (2,861) | 29,263 |
| Finance costs | 3,655 | 266 | 1,129 | (1,091) | 3,959 |
| Forecast for future new spending and top-down adjustment | (627) | - | - | - | (627) |
| Total Crown expenses (excluding losses) | 74,460 | 32,981 | 15,125 | (28,120) | 94,446 |
|
Core Crown 2012 Forecast $m |
Crown entities 2012 Forecast $m |
State-owned enterprises 2012 Forecast $m |
Inter-segment eliminations 2012 Forecast $m |
Total Crown 2012 Forecast $m |
|
|---|---|---|---|---|---|
Assets |
|||||
| Cash and cash equivalents | 6,193 | 2,291 | 850 | (149) | 9,185 |
| Receivables | 9,485 | 7,749 | 3,487 | (1,923) | 18,798 |
| Other financial assets | 54,832 | 25,861 | 16,452 | (14,024) | 83,121 |
| Property, plant and equipment | 30,121 | 50,148 | 38,798 | - | 119,067 |
| Equity accounted investments | 31,283 | 8,167 | 437 | (30,198) | 9,689 |
| Intangible assets and goodwill | 1,336 | 516 | 746 | (1) | 2,597 |
| Inventory and other assets | 1,643 | 344 | 1,317 | (38) | 3,266 |
| Forecast for new capital spending and top-down adjustment | (108) | - | - | - | (108) |
| Total assets | 134,785 | 95,076 | 62,087 | (46,333) | 245,615 |
Liabilities |
|||||
| Borrowings | 84,635 | 5,282 | 25,105 | (13,785) | 101,237 |
| Other liabilities | 29,247 | 44,934 | 8,937 | (7,022) | 76,096 |
| Total liabilities | 113,882 | 50,216 | 34,042 | (20,807) | 177,333 |
| Total assets less total liabilities | 20,903 | 44,860 | 28,045 | (25,526) | 68,282 |
Net worth |
|||||
| Taxpayer funds | 5,524 | 18,530 | 10,394 | (28,817) | 5,631 |
| Reserves | 15,379 | 26,330 | 17,308 | 3,326 | 62,343 |
| Net worth attributable to minority interest in Air NZ | - | - | 343 | (35) | 308 |
| Total net worth | 20,903 | 44,860 | 28,045 | (25,526) | 68,282 |
