The Treasury

Global Navigation

Personal tools

Statement of Segments

Statement of Financial Performance (institutional form) for the year ended 30 June 2005 (actual to forecast)
Current Year Actual vs Forecast
Core Crown Crown entities
Actual 2005 $m Estimated Actual $m Actual 2005 $m Estimated Actual $m
Revenue
Taxation revenue 47,118 46,996 - -
Other sovereign-levied income 647 647 2,561 2,626
Sales of goods and services 790 788 1,706 1,694
Investment income 2,811 2,810 1,297 1,150
Other revenues 699 693 17,247 16,881
Total Revenue 52,065 51,934 22,811 22,351
Expenses by Input Type
Subsidies and transfer payments 14,295 14,293 1,549 1,530
Personnel expenses 4,738 4,738 7,075 6,999
Operating expenses 23,553 23,659 12,033 11,929
Finance costs 2,273 2,274 288 258
FX losses/(gains) (35) (51) 63 71
GSF and ACC liability revaluation movements 1,410 1,404 2,037 2,037
Total Expenses 46,234 46,317 23,045 22,824
Expenses by Functional Classification
Social security and welfare 14,682 14,673 4,274 4,319
Health 8,813 8,813 7,478 7,200
Education 7,930 8,119 6,161 6,173
Other functional classifications 12,570 12,489 4,781 4,803
Forecast for future new spending - - - -
Finance costs and FX losses/(gains) 2,239 2,223 351 329
Total expenses 46,234 46,317 23,045 22,824
Net surplus of TEIs - - 133 139
Minority interest - - - -
Operating balance 5,831 5,617 (101) (334)
Statement of Financial Position (institutional form) as at 30 June 2005 (actual to forecast)
Core Crown Crown entities
Actual 2005 $m Estimated Actual $m Actual 2005 $m Estimated Actual $m
Assets
Financial assets 33,078 33,103 15,637 14,839
Physical assets 21,987 18,998 32,252 29,596
Investment in SOEs & Crown entities (including TEIs) 23,823 23,794 5,010 4,518
Other assets 8,637 8,305 2,533 2,339
Total Assets 87,525 84,200 55,432 51,292
Liabilities
Borrowings 33,777 33,787 3,867 3,742
Other liabilities 25,442 25,326 16,745 16,085
Total Liabilities 59,219 59,113 20,612 19,827
Net Worth 28,306 25,087 34,820 31,465
Taxpayer funds 19,504 19,245 19,288 18,928
Revaluation reserves 8,802 5,842 15,532 12,537
Minority interest - - - -
Net Worth 28,306 25,087 34,820 31,465
Analysis of Financial Assets and Borrowings
Advances and cash 9,373 9,387 2,098 1,824
MSDs and equity investments 23,705 23,716 13,539 13,015
Total Financial Assets 33,078 33,103 15,637 14,839
Borrowings - sovereign guaranteed 33,777 33,787 - -
Borrowings - non-sovereign guaranteed - - 3,867 3,742
Total Borrowings 33,777 33,787 3,867 3,742
Borrowings less Financial Assets 699 684 (11,770) (11,097)
Net core Crown Debt 10,771 10,758 Net core Crown debt and gross sovereign-issued debt differ from the analysis above due to elimination of cross-holdings of Govt stock and adding back the NZS Fund and GSF assets.
Gross Sovereign-Issued Debt 35,045 35,055
Page top