Financial Statements

Statement of Financial Performance (for the year ended 30 June 2006)
Forecast				Actual
Original Budget[1] $m	Estimated Actual $m		Note	30 June 2006 $m	30 June 2005 $m
		Revenue
		Levied through the Crown’s Sovereign Power
48,102	49,607	Taxation revenue	1	51,973	46,624
3,206	3,128	Levies, fees, fines and penalties	1	3,411	3,115
51,308	52,735	Total Revenue Levied through the Crown’s Sovereign Power	1	55,384	49,739
		Earned through the Crown’s operations
11,850	12,585	Sales of goods and services	2	13,337	11,331
3,322	6,190	Investment income	3	5,828	3,814
2,290	2,577	Other revenue	4	2,032	2,181
17,462	21,352	Total Revenue Earned through the Crown’s Operations		21,197	17,326
68,770	74,087	Total Crown Revenue		76,581	67,065
		Expenses
		By Input Type
17,002	17,047	Subsidies and transfer payments	5	16,850	15,844
14,483	14,846	Personnel expenses	6	15,116	13,562
27,123	29,644	Operating expenses	7	29,277	25,314
271	7	Forecast for future new spending		-	-
2,792	2,792	Finance costs		2,652	2,760
-	(198)	Net foreign-exchange (gains)/losses		(411)	(17)
(24)	409	Movement in total GSF liability	16	279	1,410
597	1,187	Movement in total ACC liability	17	1,321	2,037
62,244	65,734	Total Crown Expenses		65,084	60,910
6,526	8,353	Revenue less Expenses		11,497	6,155
139	133	Net surplus of TEIs	13	54	133
6,665	8,486	Operating Balance (including minority interest)		11,551	6,288
-	-	Minority interest		(78)	(41)
6,665	8,486	Operating Balance		11,473	6,247

[1]The original Budget is the forecast for the 2006 financial year, as presented in the 2005 Budget on 19 May 2005.

The accompanying notes and accounting policies are an integral part of these statements.

Page top

Global Navigation