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New Zealand Economic and Financial Overview 2010

Performance of Government Enterprises

The following tables show the Government's financial interest in SOEs and Crown Entities.

Except for those entities listed below, all SOEs and significant Crown Entities have a balance date of 30 June, and the information reported in these tables is for the period ended 30 June 2009.

  Balance date Information reported to

State-Owned Enterprises

   
Asure New Zealand Limited 30 September 30 June 2009

Crown Entities

   
School boards of trustees 31 December 31 December 2008
Tertiary education institutions 31 December 30 June 2009
Performance of Government Enterprises
(dollar amounts in millions)
30 June 2009 30 June 2008
Revenue
(excl gains)
Operating
balance
Distributions
to Crown
Revenue
(excl gains)
Operating
balance
Distributions
to Crown

State-Owned Enterprises

AgriQuality New Zealand Limited - - 17 (5)
Airways Corporation of New Zealand Limited 140 5 6 139 11 6
Asure New Zealand Limited - - - 10 1 2
AsureQuality Limited 137 6 104 5
Electricity Corporation of New Zealand Limited - 1 -
Genesis Power Limited 1,940 (136) 36 2,545 99 29
Landcorp Farming Limited 11 10 13 8 59 12
Meridian Energy Limited 1,900 89 30 2,609 129 298
Meteorological Service of New Zealand Limited 36 4 1 35 3 -
Mighty River Power Limited 1,118 160 56 1,176 113 56
New Zealand Post Limited 2,167 72 13 1,729 110 27
New Zealand Railways Corporation 955 246 241 (45)
Solid Energy New Zealand Limited 985 111 60  555 36
Timberlands West Coast Limited 6 (4) 25  19 (24)
Transpower New Zealand Limited 701 93 642 76
Kordia Group Limited 254 (1) - 239 1 9
Animal Control Products Limited 6 1 1 6 1 1
Learning Media Limited 24 2 - 24 (2)
Quotable Value New Zealand 37 2 1 41 18 5
KiwiRail Limited 158 (6) - - - -
TOTAL STATE-OWNED ENTERPRISES 10,575 654 245 10,140 586 445
Air New Zealand Limited 4,704 101 69 4,784 278 105
TOTAL SOE's AND AIRE NEW ZEALAND LIMITED 15,279 755 314 14,924 864 550
Intra-segmental eliminations (377) 156 (327) (141)
TOTAL PER STATEMENT OF SEGMENTS 14,902 911 314 14,597 723 550

Crown Entities

           
Accident Compensation Corporation 4,734 (4,773) 4,200 (2,408)
Crown research institutes 675 11 10  644 21
District health boards (including the
Crown Health Funding Agency)
10,641 (161) 9,896 (24)
Earthquake Commission 513 36 439 107
Housing New Zealand Corporation 962 (64) 2 891 18 13
Museum of New Zealand Te Papa Tongarewa 48 (10) 44 (14)
New Zealand Fire Service Commission 315 12 296 3
New Zealand Transport Agency 1,980 98 3 - - -
Public Trust 125 (46) 124 (28)
Schools Boards of Trustees 5,916 28 5,403 52
Tertiary Education Commission 2,795 52 49  2,642 2
TEIs 49 225
Transit New Zealand - - 1,206 600
Television New Zealand Limited 384 (1) - 392 19 10
Other 3,137 227 4 4,925 47 2
TOTAL CROWN ENTITIES 32,225 (4,542) 68 31,102 (1,380) 25
Intra-segmental eliminations (896) (185) (2,089) (146)
TOTAL PER STATEMENT OF SEGMENTS 31,329 (4,727) 68 29,013 (1,526) 25
TOTAL FINANCIAL INTEREST IN SOES, CROWN
ENTITIES AND AIR NEW ZEALAND LIMITED
46,231 (3,816) 382 43,610 (803) 575
(dollar amounts in millions)
30 June 2009 30 June 2008
Purchase
of PPE
Total PPE Total
assets
Total
borrowings
Total
liabilities
Equity  Equity

State-Owned Enterprises

Airways Corporation of New Zealand Limited 21 112 136 36 84 52 54
Asure New Zealand Limited
AsureQuality Limited 4 27 55 3 21 34 31
Electricity Corporation of New Zealand Limited 2 - - 2 2
Genesis Power Limited 201 1,912 2,594 656 1,201 1,393 1,407
Landcorp Farming Limited 55 1,305 1,651 280 290 1,360 1,449
Meridian Energy Limited 484  6,743 7,181 1,392 2,896 4,284 4,205
Meteorological Service of New Zealand Limited 3 13 23 6 12 12 9
Mighty River Power Limited 224 3,860 4,388 803 1,766 2,622 2,256
New Zealand Post Limited 47 330 11,277 10,294 10,608 669 667
New Zealand Railways Corporation 508 13,073 13,335 457 773 12,561 11,626
Solid Energy New Zealand Limited 118 421 714 13 280 434 368
Timberlands West Coast Limited - 6 2 4 22
Transpower New Zealand Limited 333 2,728 3,079 1,346 1,651 1,427 1,334
Kordia Group Limited 30 165 274 122 177 97 101
Animal Control Products Limited 1 2 7 1 5 5
Learning Media Limited 1 11 6 5 4
Quotable Value New Zealand 1 2 31 9 22 22
KiwiRail Limited 17 - - - - - -
TOTAL STATE-OWNED ENTERPRISES 2,047 30,694 44,764 15,411 19,777 24,983 23,562
Air New Zealand Limited 284 2,594 5,142 1,587 3,483 1,659 1,551
TOTAL SOES AND AIR NEW ZEALAND LIMITED 2,331 33,288 49,906 16,998 23,260 26,642 25,113
Intra-segmental eliminations (193) (245) (35) (58) (183) (136)
TOTAL PER STATEMENT OF SEGMENTS 2,331 33,095 49,661 16,963 23,202 26,459 24,977

Crown Entities

             
Accident Compensation Corporation 40 60 14,525 47 27,276 (12,751) (7,977)
Crown research institutes 70 493 690 30 193 497 490
District health boards (including the Crown
Health Funding Agency)
429 4,418 7,044 3,073 4,894 2,151 2,150
Earthquake Commission 4 14 5,663 92 5,571 5,535
Housing New Zealand Corporation 292 14,634 14,923 1,899 3,144 11,779 12,296
Museum of New Zealand Te Papa Tongarewa 12 1,006 1,034 10 1,024 1,024
New Zealand Fire Service Commission 51 500 557 4 78 479 471
New Zealand Transport Agency 1,232 24,085 24,728 429 24,299 -
Public Trust 3 8 1,094 1,099 1,110 (15) 20
Schools 118 1,339 2,472 94 740 1,732 1,668
Tertiary Education Commission 1 5 166 58 145 21 16
TEIs 7,417 7,417 7,037
Transit New Zealand 21,364
Television New Zealand Limited 12 145 328 36 111 217 201
Other 83 83 1,197 25 629 565 778
TOTAL CROWN ENTITIES 2,347 46,790 81,838 6,365 38,851 42,986 45,073
Intra-segmental eliminations (237) (1,763) (1,426) (1,554) (208) (696)
TOTAL PER STATEMENT OF SEGMENTS 2,347 46,553 80,075 4,939 37,297 42,778 44,377
TOTAL FINANCIAL INTEREST IN SOES, CROWN
ENTITIES AND AIR NEW ZEALAND LIMITED
4,678 79,648 129,736 21,902 60,499 69,237 69,354
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