Assets
Page updated 21 Nov 2007
Overview of information about Government assets on the Treasury web site.
What Assets does the Government Own?
The Government's assets range from commercial forests, property, plant and equipment to intangible assets. Some of the Government's largest assets are financial assets like the Government Superannuation Fund (NZSF).
State-Owned Enterprises and Crown Entities Assets
The total assets of State-Owned Enterprises (SOEs), Crown Entities and Air New Zealand Limited are reported in the Balance Dates tables under Information on SOEs and Crown Entities in the Financial Statements of the Government of New Zealand for the Year Ended 30 June 2007. This figure is $107,334 million for the 2006/07 financial year.
How Much are the Government's Assets Worth?
The Statement of Financial Position in the Financial Statements of the Government of New Zealand for the Year Ended 30 June 2007 shows the current value of broad types of assets. Total assets for the 2006/07 financial year are valued at $184,976 million. Note 12: Property, Plant and Equipment, includes a breakdown of the value of those types of assets - for example, rail network, electricity generation assets, land and buildings.
The Budget 2007 Economic and Fiscal Update forecasts that new capital spending will total $184 million for the 2007/08 financial year. The value of the Government's total assets is forecast to be $187,311 million for the 2007/08 financial year. These figures are reported in the Forecast Statement of Financial Position in the Budget 2007 Economic and Fiscal Update.
The Treasury's Role
The Treasury's responsibilities in relation to assets held by the Government include:
- Monitoring the performance of assets like State-owned enterprises
- Reporting on the net worth and performance of SOEs in Financial Statements
- Implementing Government policy on the management of assets
- Providing guidance to state sector entities on how to manage their assets - see A Guide to the Management of Departmental Fixed Assets in the Publications Index
Key Publications
- Financial Statements of the Government of New Zealand for the Year Ended 30 June 2007
- Budget 2007 Economic and Fiscal Update
- A Guide to the Management of Departmental Fixed Assets
Research & Policy Publications
See Working Papers and Policy Perspectives Papers on these topics: