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

Statement of Movements in Equity

(for the year ended 30 June 2007)

Forecast   Actual
Original Budget Estimated Actual   30 June 2007 30 June 2006
$m $m   $m $m
58,485 71,403 Opening Net Worth 71,403 49,983
5,768 6,568 Operating balance (excl. minority interest) 8,663 11,473
Minority interest in operating balance 6 78
Increase in minority interest 70
10,489 Net revaluations 15,694 9,869
5,768 17,057 Total Recognised Revenues and Expenses 24,433 21,420
64,253 88,460 Closing Net Worth 95,836 71,403

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

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