The Treasury

Global Navigation

Personal tools

Financial Statements (continued)

Statement of Cash Flows (for the year ended 30 June 2006)
Forecast Actual
Original Budget $m Estimated Actual $m 30 June 2006 $m 30 June 2005 $m
Original Budget $m Estimated Actual $m 30 June 2006 $m 30 June 2005 $m
Forecast Actual
Cash Flows from Operations
Cash was provided from
48,106 49,460 Total tax receipts (refer Note 1) 49,706 46,867
2,995 3,136 Total other sovereign receipts (refer Note 1) 3,246 2,974
1,346 1,546 Interest 1,622 1,642
73 84 Dividends 117 66
12,118 12,884 Sales of goods and services 13,457 11,517
2,194 2,767 Other operating receipts 1,919 2,186
66,832 69,877 Total Cash Provided from Operations 70,067 65,252
Cash was disbursed to
17,236 17,167 Subsidies and transfer payments 16,944 15,717
37,911 39,594 Personnel and operating payments 38,964 35,052
2,471 2,477 Finance costs 2,047 2,294
271 7 Forecast for future new spending - -
57,889 59,245 Total Cash Disbursed to Operations 57,955 53,063
8,943 10,632 Net Cash Flows from Operations 12,112 12,189
Cash Flows From Investing Activities
Cash was provided from
- 1,824 Sale of physical assets 1,865 316
- 1,824 Total Cash Provided from Investing Activities 1,865 316
Cash was disbursed to
6,553 6,359 Purchase of physical assets 5,909 4,862
1,943 1,764 Net increase in advances 1,637 1,061
2,086 6,024 Net purchase of marketable securities, deposits and equity investments 5,859 6,677
100 - Forecast for future new capital spending - -
10,682 14,147 Total Cash Disbursed to Investing Activities 13,405 12,600
(10,682) (12,323) Net Cash Flows from Investing Activities (11,540) (12,284)
(1,739) (1,691) Net Cash Flows from Operating and Investing Activities 572 (95)
Cash Flows from Financing Activities
Cash was provided from
- 211 Issues of circulating currency 165 188
1,518 (415) Net issue of foreign-currency borrowing (2,300) 1,913
1,518 (204) Total Cash Provided from Financing Activities (2,135) 2,101
Cash was disbursed to
(497) (1,483) Net repayment/(issue) of other New Zealand-dollar borrowing (1,856) 829
647 (17) Net repayments of Government stock [1] (151) 951
150 (1,500) Total Cash Disbursed to Financing Activities (2,007) 1,780
1,368 1,296 Net Cash Flows from Financing Activities (128) 321
(371) (395) Net Movement in Cash 444 226
2,817 3,710 Opening Cash Balance 3,710 3,450
- 4 Foreign-exchange gains/(losses) on opening cash 14 34
2,446 3,319 Closing Cash Balance 4,168 3,710
  • [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.

Page top