Statement of Cash Flows (for the year ended 30 June 2005)
| Forecast | Actual | |||
|---|---|---|---|---|
| Original Budget $m | Estimated Actual $m | 30 June 2005 $m | 30 June 2004 $m | |
| Original Budget $m | Estimated Actual $m | 30 June 2005 $m | 30 June 2004 $m | |
| Forecast | Actual | |||
| Cash Flows from Operations | ||||
| Cash was provided from | ||||
| 43,992 | 46,777 | Total tax receipts (refer Note 1) | 46,867 | 42,308 |
| 2,851 | 3,034 | Total other sovereign receipts (refer Note 1) | 2,974 | 2,852 |
| 933 | 1,747 | Interest | 1,642 | 1,366 |
| 64 | 66 | Dividends | 66 | 56 |
| 10,453 | 11,080 | Sales of goods and services | 11,517 | 10,478 |
| 1,969 | 1,791 | Other operating receipts | 2,186 | 1,958 |
| 60,262 | 64,495 | Total Cash Provided from Operations | 65,252 | 59,018 |
| Cash was disbursed to | ||||
| 16,244 | 15,946 | Subsidies and transfer payments | 15,717 | 15,370 |
| 34,314 | 34,553 | Personnel and operating payments | 35,052 | 32,398 |
| 2,175 | 2,342 | Finance costs | 2,294 | 2,256 |
| 441 | - | Forecast for future new spending | - | - |
| 53,174 | 52,841 | Total Cash Disbursed to Operations | 53,063 | 50,024 |
| 7,088 | 11,654 | Net Cash Flows from Operations | 12,189 | 8,994 |
| Cash Flows From Investing Activities | ||||
| Cash was provided from | ||||
| - | 313 | Sale of physical assets | 316 | 226 |
| - | 313 | Total Cash Provided from Investing Activities | 316 | 226 |
| Cash was disbursed to | ||||
| 4,567 | 5,084 | Purchase of physical assets | 4,862 | 3,761 |
| 1,376 | 1,444 | Net increase in advances | 1,061 | 976 |
| 767 | 6,791 | Net purchase of marketable securities, deposits and equity investments | 6,677 | 2,556 |
| 228 | - | Forecast for future new capital spending | - | - |
| 6,938 | 13,319 | Total Cash Disbursed to Investing Activities | 12,600 | 7,293 |
| (6,938) | (13,006) | Net Cash Flows from Investing Activities | (12,284) | (7,067) |
| 150 | (1,352) | Net Cash Flows from Operating and Investing Activities | (95) | 1,927 |
| Cash Flows from Financing Activities | ||||
| Cash was provided from | ||||
| - | 188 | Issues of circulating currency | 188 | 114 |
| 245 | 1,963 | Net issue of foreign-currency borrowing | 1,913 | 129 |
| 245 | 2,151 | Total Cash Provided from Financing Activities | 2,101 | 243 |
| Cash was disbursed to | ||||
| (131) | 53 | Net repayment/(issue) of other New Zealand-dollar borrowing | 829 | 241 |
| 746 | 951 | Net repayments of Government stock[1] | 951 | 1,120 |
| 615 | 1,004 | Total Cash Disbursed to Financing Activities | 1,780 | 1,361 |
| (370) | 1,147 | Net Cash Flows from Financing Activities | 321 | (1,118) |
| (220) | (205) | Net Movement in Cash | 226 | 809 |
| 2,341 | 3,450 | Opening Cash Balance | 3,450 | 2,732 |
| - | 36 | Foreign-exchange gains/(losses) on opening cash | 34 | (91) |
| 2,121 | 3,281 | Closing Cash Balance | 3,710 | 3,450 |
- [1] Net (repayments)/issues of Government stock is after elimination of Government stock holdings of entities such as NZS Fund, GSF, ACC and EQC. The bonds reconciliation reconciles core Crown activity to New Zealand Debt Management Office (NZDMO) bond issues (refer Core Crown Cash Flow Reconciliation to Government Stock Issues).
The accompanying notes and accounting policies are an integral part of these statements.
