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Note 2:  Sale of Goods and Services

The Statement of Segments shows the sale of goods and services as a total for each area of the Crown (ie, total sales for core Crown, Crown entities and SOEs). The total for Crown entities includes such items as lottery sales, housing rental and Crown research institutes (CRI) sales. The total sales of SOEs (including Air NZ) represents the majority of their income from electricity generation and distribution services, postal services, advertising and air travel sales.

Note 3:  Investment Income

Forecast Actual
Original Budget $m Estimated Actual $m 30 June 2005 $m 30 June 2004 $m
Investment Income
1,527 2,099 Interest income 2,264 1,428
503 498 Student loans 498 447
61 67 Dividends 87 76
423 866 Gains/(losses) on marketable securities, deposits and equity investments 867 701
3 10 Other 98 1
2,517 3,540 Total Investment Income 3,814 2,653

Note 4:  Other Revenue

Forecast Actual
Original Budget $m Estimated Actual $m 30 June 2005 $m 30 June 2004 $m
- - Unrealised (losses)/gains arising from changes in the value of commercial forests (23) (40)
100 102 GSF contributions 102 110
29 51 Petroleum royalties 51 18
31 29 Cost recovery income from fisheries 30 22
1,865 2,021 Other 2,021 1,906
2,025 2,203 Total Other Operational Revenue 2,181 2,016

Note 5:  Subsidies and Transfer Payments

Forecast Actual
Original Budget $m Estimated Actual $m 30 June 2005 $m 30 June 2004 $m
Social Assistance Grants
6,086 6,083 New Zealand Superannuation 6,083 5,889
1,577 1,547 Domestic purposes benefit 1,547 1,569
1,544 1,530 ACC payments 1,549 1,407
939 831 Unemployment benefit 831 1,084
1,044 1,026 Invalids benefit 1,026 976
932 846 Family support 846 833
754 750 Accommodation supplement 750 702
514 510 Sickness benefit 510 470
413 359 Student allowances 359 380
274 267 Disability allowances 267 257
1,753 1,627 Other social assistance grants 1,629 1,526
135 118 Subsidies 118 110
Other Transfer Payments
259 297 Official development assistance 297 238
25 32 Other 32 25
16,249 15,823 Total Subsidies and Transfer Payments 15,844 15,466
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