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Statement of Cash Flows

(for the year ended 30 June 2007)

Forecast   Actual
Original Budget Estimated Actual   30 June 2007 30 June 2006
$m $m   $m $m
    Cash Flows from Operations    
    Cash was provided from    
50,738 51,823 Total taxation receipts (refer Note 1) 52,138 49,706
3,047 3,387 Levies, fees, fines and penalties (refer Note 1) 3,418 3,246
1,422 2,148 Interest 2,241 1,622
90 133 Dividends 435 117
13,089 13,357 Sales of goods and services 13,515 13,457
2,393 2,091 Other operating receipts 2,147 1,919
70,779 72,939 Total Cash Provided from Operations 73,894 70,067
    Cash was disbursed to    
18,665 18,592 Subsidies and transfer payments 18,509 16,944
41,670 41,189 Personnel and operating payments 40,261 38,964
2,441 2,428 Finance costs 2,504 2,047
320 80 Forecast for future new spending -  - 
-  (500) Top-down operating cash adjustment -  - 
63,096 61,789 Total Cash Disbursed to Operations 61,274 57,955
7,683 11,150 Net Cash Flows from Operations 12,620 12,112
    Cash Flows From Investing Activities    
    Cash was provided from    
-  246 Sale of physical assets 322 1,865
-  246 Total Cash Provided from Investing Activities 322 1,865
    Cash was disbursed to    
6,713 6,782 Purchase of physical assets 5,853 5,909
1,808 2,409 Net increase in advances 1,791 1,637
(527) 9,656 Net purchase/(sale) of marketable securities, deposits and equity investments 8,273 5,859
256 -  Forecast for future new capital spending -  - 
-  (200) Top-down capital cash adjustment -  - 
8,250 18,647 Total Cash Disbursed to Investing Activities 15,917 13,405
(8,250) (18,401) Net Cash Flows from Investing Activities (15,595) (11,540)
(567) (7,251) Net Cash Flows from Operating and Investing Activities (2,975) 572
    Cash Flows from Financing Activities    
    Cash was provided from    
-  273 Issues of circulating currency 81 165
394 6,692 Net issue/(repayment) of other New Zealand-dollar borrowing 4,009 1,856
394 6,965 Total Cash Provided from Financing Activities 4,090 2,021
    Cash was disbursed to    
(412) 272 Net repayment/(issue) of foreign-currency borrowing 219 2,300
656 128 Net repayment/(issue) of Government stock[1] 334 (151)
244 400 Total Cash Disbursed to Financing Activities 553 2,149
150 6,565 Net Cash Flows from Financing Activities 3,537 (128)
(417) (686) Net Movement in Cash 562 444
3,319 4,168 Opening Cash Balance 4,168 3,710
-  (4) Foreign-exchange gains/(losses) on opening cash (101) 14
2,902 3,478 Closing Cash Balance 4,629 4,168

Notes

  • [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 page 92).

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

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