Summary Statement of Financial Performance for the year ended 30 June 2008

Summary Statement of Cash Flows for the year ended 30 June 2008
Original Budget $ billion	Estimated Actuals $ billion		30 June 2008 $ billion	30 June 2007 $ billion
Forecast			Actual
		Revenue
54.2	56.2	Taxation revenue	56.4	53.1
3.7	3.9	Other sovereign revenue	3.9	3.5
57.9	60.0	Total revenue levied through the Crown's sovereign power	60.3	56.6
13.3	13.7	Sales of goods and services	15.4	12.6
3.4	3.2	Interest revenue and dividends	3.2	3.0
2.4	2.9	Other revenue	2.6	2.4
19.0	19.8	Total revenue earned through operations	21.2	18.0
76.9	79.8	Total revenue (excluding gains)	81.5	74.6
		Expenses
21.3	22.3	Social security and welfare	21.5	19.8
11.7	10.8	Health	10.8	10.0
10.3	10.8	Education	10.4	9.9
7.7	7.2	Transport and communications	7.4	6.9
17.9	20.7	Other functional expenses	22.6	19.2
2.7	3.0	Finance costs	3.1	2.9
0.3	(0.2)	Forecasting adjustments	-	-
71.9	74.6	Total expenses (excluding losses)	75.8	68.7
5.0	5.2	Operating balance before gains and losses (OBEGAL)	5.6	5.9
1.4	(0.8)	Net gains/(losses) on financial instruments	(0.6)	1.6
-	(2.0)	Net gains/(losses) on non-financial instruments	(2.9)	0.5
1.4	(2.8)	Total gains/(losses)	(3.5)	2.1
0.1	0.2	Net surplus/(deficit) from associates and joint ventures	0.3	0.2
6.4	2.6	Operating balance from continuing activities	2.4	8.1
-	-	Gain/(loss) from discontinued operations	-	(0.1)
6.4	2.6	Operating balance (including minority interest)	2.5	8.0
-	-	Operating balance attributable to minority interest in Air NZ	(0.1)	-
6.4	2.6	Operating Balance	2.4	8.0
0.1	-	Total income/(expense) recognised directly in Net Worth	6.3	4.8
6.5	2.6	Total recognised income and expense	8.7	12.8

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