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Forecast Statement of Segments (2021)

Statement of Financial Performance for the year ended 30 June 2021
Core Crown
2021
Forecast
$m
Crown entities
2021
Forecast
$m
State-owned
Enterprises
2021
Forecast
$m
Inter-segment
eliminations
2021
Forecast
$m
Total Crown
2021
Forecast
$m

Revenue

Taxation revenue 89,817 (754) 89,063
Other sovereign revenue 1,653 5,890 (1,503) 6,040
Revenue from core Crown funding 28,793 94 (28,887)
Sales of goods and services 1,682 2,003 16,116 (599) 19,202
Interest revenue and dividends 2,900 1,473 1,197 (1,209) 4,361
Other revenue 608 2,731 1,064 (428) 3,975
Total revenue (excluding gains) 96,660 40,890 18,471 (33,380) 122,641

Expenses

Social assistance and official development assistance 29,471 29,471
Personnel expenses 7,151 13,244 3,280 (38) 23,637
Other operating expenses 44,423 22,253 12,781 (31,944) 47,513
Interest expenses 3,424 74 1,137 (477) 4,158
Insurance expenses 5,945 5 1 5,951
Forecast for future new spending and top-down adjustment 4,995 4,995
Total expenses (excluding losses) 89,464 41,516 17,203 (32,458) 115,725
Minority interest share of operating balance before gains/(losses) (2) (499) 25 (476)
Operating balance before gains/(losses) 7,196 (628) 769 (897) 6,440
Total gains/(losses) 3,099 367 73 (140) 3,399
Net surplus/(deficit) from associates and joint ventures 112 180 5 2 299
Operating balance 10,407 (81) 847 (1,035) 10,138

Expenses by functional classification

Social security and welfare 29,136 7,034 (616) 35,554
Health 17,193 14,413 (15,210) 16,396
Education 14,430 10,770 (10,028) 15,172
Transport and communications 2,807 3,049 8,299 (3,035) 11,120
Other 17,479 6,176 7,767 (3,092) 28,330
Finance costs 3,424 74 1,137 (477) 4,158
Forecast for future new spending and top-down adjustment 4,995 4,995
Total expenses (excluding losses) 89,464 41,516 17,203 (32,458) 115,725
Statement of Financial Position as at 30 June 2021
Core Crown
2021
Forecast
$m
Crown entities
2021
Forecast
$m
State-owned
Enterprises
2021
Forecast
$m
Inter-segment
eliminations
2021
Forecast
$m
Total Crown
2021
Forecast
$m

Assets

Cash and cash equivalents 13,684 2,269 1,709 (374) 17,288
Receivables 14,820 5,711 1,962 (2,100) 20,393
Other financial assets 69,118 44,231 26,074 (19,733) 119,690
Property, plant and equipment 42,981 81,035 32,728 (56) 156,688
Equity accounted investments 51,341 12,849 198 (49,453) 14,935
Intangible assets and goodwill 1,667 556 1,512 (25) 3,710
Inventory and other assets 1,731 895 1,033 (24) 3,635
Forecast for new capital spending and top-down adjustment 3,639 3,639
Total assets 198,981 147,546 65,216 (71,765) 339,978

Liabilities

Borrowings 86,226 6,121 34,848 (17,729) 109,466
Other liabilities 28,982 54,969 7,969 (7,601) 84,319
Total liabilities 115,208 61,090 42,817 (25,330) 193,785
Total assets less total liabilities 83,773 86,456 22,399 (46,435) 146,193

Net worth

Taxpayers' funds 60,194 44,020 4,865 (50,767) 58,312
Reserves 23,579 42,436 11,619 4,624 82,258
Net worth attributable to minority interest 5,915 (292) 5,623
Total net worth 83,773 86,456 22,399 (46,435) 146,193
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