The Treasury

Global Navigation

Personal tools

Note 18: Revaluation Reserves

Forecast Actual
Original Budget $m Estimated Actual $m 30 June 2006 $m 30 June 2005 $m
20,458 27,988 Opening Balance 27,988 19,838
Net Revaluations
- 32 Land and buildings 2,386 3,368
- - State highways 2,559 1,417
- - TEIs 1,800 341
- - Electricity generation assets 1,419 1,986
- (16) Other assets 1,705 1,085
- 16 Total Net Revaluations 9,869 8,197
- (15) Transfers to taxpayer funds (224) (47)
20,458 27,989 Closing Asset Revaluation Reserve 37,633 27,988
Asset Revaluation Reserve (by component total)
12,893 16,211 Land and buildings 18,356 16,194
1,309 2,695 Electricity generation assets 4,495 2,695
3,266 4,683 State Highways 7,242 4,683
974 1,315 TEIs 3,020 1,315
2,016 3,085 Other assets 4,520 3,101
20,458 27,989 Closing Asset Revaluation Reserve 37,633 27,988

Note 19: Foreign Currencies

All monetary amounts in these financial statements are expressed in New Zealand dollars. The New Zealand dollar closing rates for major currencies were:

30 June 2006 30 June 2005
United States dollar 0.60630 0.70100
Japanese yen 69.68000 77.2650
British pound 0.33075 0.38760
Euro 0.47695 0.57950
Page top