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Forecast Statement of Segments (2017)

Statement of Financial Performance for the year ended 30 June 2017
Core Crown
2017
Forecast
$m
Crown entities
2017
Forecast
$m
State-owned
Enterprises
2017
Forecast
$m
Inter-segment
eliminations
2017
Forecast
$m
Total Crown
2017
Forecast
$m

Revenue

Taxation revenue 75,625 (613) 75,012
Other sovereign revenue 1,430 4,865 (1,308) 4,987
Revenue from core Crown funding 27,119 101 (27,220)
Sales of goods and services 1,602 2,231 13,776 (560) 17,049
Interest revenue and dividends 2,626 1,439 912 (1,351) 3,626
Other revenue 560 2,360 951 (245) 3,626
Total revenue (excluding gains) 81,843 38,014 15,740 (31,297) 104,300

Expenses

Social assistance and official development assistance 25,379 25,379
Personnel expenses 6,909 12,669 2,863 (36) 22,405
Other operating expenses 41,009 21,199 10,750 (30,007) 42,951
Interest expenses 3,540 109 1,068 (529) 4,188
Insurance expenses 4 5,232 5 (1) 5,240
Forecast for future new spending and top-down adjustment
Total expenses (excluding losses) 76,841 39,209 14,686 (30,573) 100,163
Minority interest share of operating balance before gains/(losses) (6) (452) 27 (431)
Operating balance before gains/(losses) 5,002 (1,201) 602 (697) 3,706
Total gains/(losses) 6,307 1,195 101 (345) 7,258
Net surplus/(deficit) from associates and joint ventures 301 212 3 (2) 514
Operating balance 11,610 206 706 (1,044) 11,478

Expenses by functional classification

Social security and welfare 25,320 5,821 (548) 30,593
Health 16,189 14,004 (14,471) 15,722
Education 13,316 10,211 (9,516) 14,011
Transport and communications 2,182 2,634 6,913 (2,433) 9,296
Other 16,294 6,430 6,705 (3,076) 26,353
Finance costs 3,540 109 1,068 (529) 4,188
Forecast for future new spending and top-down adjustment
Total expenses (excluding losses) 76,841 39,209 14,686 (30,573) 100,163
Statement of Financial Position as at 30 June 2017
Core Crown
2017
Forecast
$m
Crown entities
2017
Forecast
$m
State-owned
Enterprises
2017
Forecast
$m
Inter-segment
eliminations
2017
Forecast
$m
Total Crown
2017
Forecast
$m

Assets

Cash and cash equivalents 15,539 2,542 1,297 (402) 18,976
Receivables 13,865 5,469 1,721 (2,486) 18,569
Other financial assets 64,804 40,056 21,615 (17,664) 108,811
Property, plant and equipment 39,147 72,187 32,848 (56) 144,126
Equity accounted investments 42,883 12,130 190 (41,036) 14,167
Intangible assets and goodwill 1,520 517 1,520 (25) 3,532
Inventory and other assets 1,779 1,158 1,165 (72) 4,030
Forecast for new capital spending and top-down adjustment
Total assets 179,537 134,059 60,356 (61,741) 312,211

Liabilities

Borrowings 94,478 4,065 30,191 (15,772) 112,962
Other liabilities 34,095 50,933 7,981 (8,472) 84,537
Total liabilities 128,573 54,998 38,172 (24,244) 197,499
Total assets less total liabilities 50,964 79,061 22,184 (37,497) 114,712

Net worth

Taxpayers' funds 27,528 35,414 4,425 (41,802) 25,565
Reserves 23,436 43,647 11,608 4,623 83,314
Net worth attributable to minority interest 6,151 (318) 5,833
Total net worth 50,964 79,061 22,184 (37,497) 114,712
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