The Treasury

Global Navigation

Personal tools

Treasury
Publication

Pre-election Economic and Fiscal Update 2017

Forecast Statement of Segments

Statement of Financial Performance for the year ended 30 June 2016
Core Crown
2016
Actual
$m
Crown entities
2016
Actual
$m
State-owned
Enterprises
2016
Actual
$m
Inter-segment
eliminations
2016
Actual
$m
Total Crown
2016
Actual
$m

Revenue

Taxation revenue 70,445 (777) 69,668
Other sovereign revenue 1,116 4,712 (1,185) 4,643
Revenue from core Crown funding 26,197 113 (26,310) -  
Sales of goods and services 1,453 1,938 13,538 (565) 16,364
Interest revenue and dividends 2,389 1,484 997 (1,267) 3,603
Other revenue 718 2,807 729 (373) 3,881
Total revenue (excluding gains) 76,121 37,138 15,377 (30,477) 98,159

Expenses

Social assistance and official development assistance 24,312 24,312
Personnel expenses 6,666 12,205 2,921 (29) 21,763
Other operating expenses 39,361 20,299 10,124 (29,040) 40,744
Interest expenses 3,590 215 1,154 (623) 4,336
Insurance expenses 4,705 9 11 4,725
Forecast for future new spending and top-down adjustment
Total expenses (excluding losses) 73,929 37,424 14,208 (29,681) 95,880
Minority interest share of operating balance before gains/(losses) 14 (474) 12 (448)
Operating balance before gains/(losses) 2,192 (272) 695 (784) 1,831
Total gains/(losses) (3,259) (3,300) 6 (954) (7,507)
Net surplus/(deficit) from associates and joint ventures 155 92 19 41 307
Operating balance (912) (3,480) 720 (1,697) (5,369)

Expenses by functional classification

Social security and welfare 24,081 5,360 (540) 28,901
Health 15,626 13,347 (13,813) 15,160
Education 13,158 10,160 (9,509) 13,809
Transport and communications 2,178 2,658 7,059 (2,495) 9,400
Other 15,296 5,684 5,995 (2,701) 24,274
Finance costs 3,590 215 1,154 (623) 4,336
Forecast for future new spending and top-down adjustment
Total expenses (excluding losses) 73,929 37,424 14,208 (29,681) 95,880
Statement of Financial Position as at 30 June 2016
Core Crown
2016
Actual
$m
Crown entities
2016
Actual
$m
State-owned
Enterprises
2016
Actual
$m
Inter-segment
eliminations
2016
Actual
$m
Total Crown
2016
Actual
$m

Assets

Cash and cash equivalents 11,859 2,774 1,516 (532) 15,617
Receivables 12,242 5,757 1,754 (2,964) 16,789
Other financial assets 63,913 38,954 20,967 (17,985) 105,849
Property, plant and equipment 35,697 66,769 32,033 134,499
Equity accounted investments 38,376 10,819 228 (36,718) 12,705
Intangible assets and goodwill 1,351 544 1,301 3,196
Inventory and other assets 1,732 1,251 1,120 (79) 4,024
Forecast for new capital spending and top-down adjustment
Total assets 165,170 126,868 58,919 (58,278) 292,679

Liabilities

Borrowings 95,036 5,961 29,813 (16,854) 113,956
Other liabilities 33,515 50,615 7,848 (8,776) 83,202
Total liabilities 128,551 56,576 37,661 (25,630) 197,158
Total assets less total liabilities 36,619 70,292 21,258 (32,648) 95,521

Net worth

Taxpayers' funds 15,915 30,966 3,890 (36,839) 13,932
Reserves 20,704 39,178 11,022 4,530 75,434
Net worth attributable to minority interest 148 6,346 (339) 6,155
Total net worth 36,619 70,292 21,258 (32,648) 95,521
Page top