Forecast Statement of Segments (continued)
|
Core Crown 2016 Forecast $m |
Crown entities 2016 Forecast $m |
State-owned enterprises 2016 Forecast $m |
Inter-segment eliminations 2016 Forecast $m |
Total Crown 2016 Forecast $m |
|
|---|---|---|---|---|---|
Revenue |
|||||
| Taxation revenue | 71,468 | - | - | (826) | 70,642 |
| Other sovereign revenue | 2,484 | 5,766 | - | (1,299) | 6,951 |
| Sales of goods and services | 1,426 | 14,876 | 17,123 | (13,484) | 19,941 |
| Interest revenue and dividends | 3,057 | 1,857 | 1,447 | (1,824) | 4,537 |
| Other revenue | 724 | 13,313 | 1,163 | (11,384) | 3,816 |
| Total revenue (excluding gains) | 79,159 | 35,812 | 19,733 | (28,817) | 105,887 |
Expenses |
|||||
| Social assistance and official development assistance | 25,633 | - | - | (42) | 25,591 |
| Personnel expenses | 6,084 | 11,241 | 3,175 | (10) | 20,490 |
| Other operating expenses | 38,113 | 22,923 | 13,282 | (26,905) | 47,413 |
| Interest expenses | 4,345 | 305 | 1,883 | (1,075) | 5,458 |
| Forecast for future new spending and top-down adjustment | 3,859 | - | - | - | 3,859 |
| Total expenses (excluding losses) | 78,034 | 34,469 | 18,340 | (28,032) | 102,811 |
| Operating balance before gains/(losses) | 1,125 | 1,343 | 1,393 | (785) | 3,076 |
| Total gains/(losses) | 2,030 | 209 | 285 | (207) | 2,317 |
| Net surplus/(deficit) from associates and joint ventures | 82 | 168 | 60 | (2) | 308 |
| Attributable to minority interest in Air NZ | - | - | - | - | - |
| Operating balance | 3,237 | 1,720 | 1,738 | (994) | 5,701 |
Expenses by functional classification |
|||||
| Social security and welfare | 25,536 | 5,509 | - | (710) | 30,335 |
| Health | 14,224 | 11,803 | - | (12,430) | 13,597 |
| Education | 12,420 | 9,780 | 23 | (8,887) | 13,336 |
| Transport and communications | 2,025 | 2,194 | 7,711 | (2,197) | 9,733 |
| Other | 15,625 | 4,878 | 8,723 | (2,733) | 26,493 |
| Finance costs | 4,345 | 305 | 1,883 | (1,075) | 5,458 |
| Forecast for future new spending and top-down adjustment | 3,859 | - | - | - | 3,859 |
| Total Crown expenses (excluding losses) | 78,034 | 34,469 | 18,340 | (28,032) | 102,811 |
|
Core Crown 2016 Forecast $m |
Crown entities 2016 Forecast $m |
State-owned enterprises 2016 Forecast $m |
Inter-segment eliminations 2016 Forecast $m |
Total Crown 2016 Forecast $m |
|
|---|---|---|---|---|---|
Assets |
|||||
| Cash and cash equivalents | 6,920 | 2,506 | 1,149 | (152) | 10,423 |
| Receivables | 9,578 | 5,145 | 2,628 | (1,956) | 15,395 |
| Other financial assets | 54,786 | 33,853 | 23,959 | (16,404) | 96,194 |
| Property, plant and equipment | 30,191 | 54,729 | 43,478 | (1) | 128,397 |
| Equity accounted investments | 36,415 | 8,839 | 520 | (35,280) | 10,494 |
| Intangible assets and goodwill | 1,414 | 471 | 795 | - | 2,680 |
| Inventory and other assets | 1,678 | 346 | 1,473 | (40) | 3,457 |
| Forecast for new capital spending and top-down adjustment | 385 | - | - | - | 385 |
| Total assets | 141,367 | 105,889 | 74,002 | (53,833) | 267,425 |
Liabilities |
|||||
| Borrowings | 94,877 | 5,691 | 34,712 | (16,387) | 118,893 |
| Other liabilities | 25,811 | 44,157 | 8,573 | (7,238) | 71,303 |
| Total liabilities | 120,688 | 49,848 | 43,285 | (23,625) | 190,196 |
| Total assets less total liabilities | 20,679 | 56,041 | 30,717 | (30,208) | 77,229 |
Net worth |
|||||
| Taxpayer funds | 5,262 | 30,143 | 13,042 | (33,786) | 14,661 |
| Reserves | 15,417 | 25,898 | 17,332 | 3,613 | 62,260 |
| Net worth attributable to minority interest in Air NZ | - | - | 343 | (35) | 308 |
| Total net worth | 20,679 | 56,041 | 30,717 | (30,208) | 77,229 |
