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Financial Statements of the Government of New Zealand for the Year Ended 30 June 2007

Analysis of Expenses of the Statement of Financial Performance

(for the year ended 30 June 2007)

Below is an analysis of total Crown expenses and core Crown expenses by functional classification.

This information reconciles with the segment information within the Statement of Segments.

Forecast   Actual

Original Budget

Estimated Actual

 

30 June 2007

30 June 2006

$m $m   $m $m
    Total Crown Expenses    
    By Functional Classification    
19,706 21,063 Social security and welfare 20,239 18,969
1,051 1,471 GSF pension expenses 302 1,671
10,305 10,037 Health 9,932 9,262
9,892 10,041 Education 9,836 10,430
2,770 3,550 Core government services[1] 4,088 2,384
2,604 2,872 Law and order 2,825 2,420
1,405 1,456 Defence 1,557 1,339
6,853 7,240 Transport and communications 7,473 5,986
5,896 5,684 Economic and industrial services 5,324 6,334
1,198 1,365 Primary services 1,265 1,219
1,900 1,995 Heritage, culture and recreation 2,036 2,361
851 913 Housing and community development 889 758
110 98 Other 66 48
2,854 3,023 Finance costs 3,069 2,652
-  38 Net foreign-exchange losses/(gains) 116 (411)
320 80 Forecast for future new spending -  - 
-  (500) Top-down expense adjustment -  - 
67,715 70,426 Total Crown Expenses 69,017 65,422
    Core Crown Expenses    
    By Functional Classification    
16,956 16,920 Social security and welfare 16,853 15,598
1,051 1,471 GSF pension expenses 302 1,671
10,732 10,492 Health 10,327 9,547
9,068 9,530 Education 9,289 9,914
3,040 3,822 Core government services[1] 4,357 2,507
2,393 2,658 Law and order 2,653 2,235
1,457 1,508 Defence 1,602 1,383
2,524 2,549 Transport and communications 2,461 1,818
1,721 1,605 Economic and industrial services 1,501 1,592
441 584 Primary services 477 467
812 778 Heritage, culture and recreation 838 1,194
278 277 Housing and community development 257 202
110 97 Other 67 49
2,090 2,553 Finance costs 2,653 2,356
-  90 Net foreign-exchange losses/(gains) 105 (295)
320 80 Forecast for future new spending -  - 
-  (500) Top-down expense adjustment -  - 
52,993 54,514 Total Core Crown Expenses 53,742 50,238

Notes

  • [1] There has been a change in the disclosure of bad debt write-offs of tax receivables. Tax write-offs are now shown as an expense rather than netted off against revenue. To ensure consistency comparative figures have been adjusted to conform with this change in presentation.

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

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