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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 2006 $m 30 June 2005 $m
Investment Income
580 1,445 NZS Fund Investment Income 1,139 646
1,446 1,919 Interest income 2,145 1,618
547 335 Student loans 344 498
69 65 Dividends 117 87
- 630 Gain on Sale of Southern Hydro 630 -
593 1,779 Gains/(losses) on marketable securities, deposits and equity investments 1,436 867
87 17 Other 17 98
3,322 6,190 Total Investment Income 5,828 3,814

Note 4: Other Revenue

Forecast Actual
Original Budget $m Estimated Actual $m 30 June 2006 $m 30 June 2005 $m
- - Unrealised (losses)/gains arising from changes in the value of commercial forests 15 (23)
84 88 GSF contributions 104 102
43 61 Petroleum royalties 61 51
30 27 Cost recovery income from fisheries 29 30
2,133 2,401 Other 1,823 2,021
2,290 2,577 Total Other Operational Revenue 2,032 2,181

Note 5: Subsidies and Transfer Payments

Forecast Actual
Original Budget $m Estimated Actual $m 30 June 2006 $m 30 June 2005 $m
Social Assistance Grants
6,392 6,415 New Zealand Superannuation 6,414 6,083
1,501 1,493 Domestic purposes benefit 1,493 1,547
1,687 1,699 ACC payments 1,708 1,549
800 714 Unemployment benefit 712 831
1,088 1,074 Invalids benefit 1,073 1,026
1,312 1,355 Family support 1,285 846
803 843 Accommodation supplement 843 750
541 541 Sickness benefit 541 510
398 351 Student allowances 354 359
270 263 Disability allowances 261 267
1,728 1,803 Other social assistance grants 1,675 1,629
125 115 Subsidies 127 118
Other Transfer Payments
320 346 Official development assistance 330 297
37 35 Other 34 32
17,002 17,047 Total Subsidies and Transfer Payments 16,850 15,844
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