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Notes to the Financial Statements (continued)

Note 3: Sales of Goods and Services
Forecast Actual
Original
Budget
$m 		Estimated
Actuals
$m 		30 June 2008
$m 		30 June 2007
$m
By type  
7,550 6,972 Sales of goods 8,617 6,706
5,703 6,710 Rendering of services 6,782 5,907
13,253 13,682 Total sales of goods and services 15,399 12,613
By source  
1,057 1,161 Core Crown 1,097 1,095
11,928 12,080 Crown entities 12,502 11,322
11,510 11,711 State-owned Enterprises 13,201 10,701
(11,242) (11,270) Inter-segment eliminations (11,401) (10,505)
13,253 13,682 Total sales of goods and services 15,399 12,613
Note 4: Interest Revenue and Dividends
Forecast Actual
Original
Budget
$m 		Estimated
Actuals
$m 		30 June 2008
$m 		30 June 2007
$m
By type  
132 80 Sovereign receivables 45 66
391 414 Student loans (interest unwind) 407 451
307 329 Other financial assets classified as amortised cost or available
for sale		 435 333
320 295 Financial assets classified as held for trading 14 269
1,715 1,746 Financial assets classified as fair value through profit and loss 1,902 1,436
2,865 2,864 Total interest revenue 2,803 2,555
501 339 Dividends 411 440
3,366 3,203 Total interest revenue and dividends 3,214 2,995
By source  
2,587 2,562 Core Crown 2,344 2,580
880 1,085 Crown entities 1,233 756
481 509 State-owned Enterprises 704 484
(582) (953) Inter-segment eliminations (1,067) (825)
3,366 3,203 Total interest revenue and dividends 3,214 2,995
Included in total interest revenue above is interest on
impaired financial assets of: 		 
Impaired sovereign receivables 45 44
Impaired student loans 407 451
Impaired other financial assets classified as amortised cost or
available for sale		 5 45
Total interest revenue on impaired financial assets 457 540
Note 5: Other Revenue
Forecast Actual
Original
Budget
$m 		Estimated
Actuals
$m 		30 June 2008
$m 		30 June 2007
$m
72 99 Sale of royalties 112 89
898 962 Rental income 965 898
1,417 1,830 Other revenue 1,538 1,434
2,387 2,891 Total other revenue 2,615 2,421
Note 6: Transfer Payments and Subsidies
Forecast Actual
Original
Budget
$m 		Estimated
Actuals
$m 		30 June 2008
$m 		30 June 2007
$m
Social Assistance Grants  
7,292 7,347 New Zealand superannuation 7,348 6,810
1,964 2,081 Family tax credit 1,897 1,699
1,456 1,475 Domestic purposes benefit 1,478 1,468
1,201 1,214 Invalids benefit 1,216 1,132
909 888 Accommodation supplement 891 877
608 580 Sickness benefit 582 573
560 557 In-work tax credit 563 461
475 473 Income related rents 474 440
497 455 Unemployment benefit 458 613
402 384 Student allowances 386 382
279 278 Disability allowances 278 270
1,357 1,360 Other social assistance benefits 1,339 1,291
17,000 17,092 Total social assistance grants 16,910 16,016
Subsidies  
491 1,030 KiwiSaver subsidies 1,102 - 
Other transfer payments  
401 398 Official development assistance 362 330
17,892 18,520 Total transfer payments and subsidies 18,374 16,346
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