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Audited Financial Statements

Statement of Financial Performance

for the year ended 30 June 2009

Statement of Financial Performance for the year ended 30 June 2009
Forecast Actual
Original
Budget
$m 		Estimated
Actuals
$m 		Note  30 June 2009
$m 		30 June 2008
$m

Revenue

 
55,911 53,523 Taxation revenue 2 54,145 56,372
4,037 4,114 Other sovereign revenue 2 4,118 3,879
59,948 57,637 Total revenue levied through the Crown's sovereign power 58,263 60,251
14,222 15,248 Sales of goods and services 3 15,356 15,399
3,358 2,999 Interest revenue and dividends 4 3,419 3,214
2,591 3,075 Other revenue 5 2,890 2,615
20,171 21,322 Total revenue earned through operations 21,665 21,228
80,119 78,959 Total revenue (excluding gains) 79,928 81,479

Expenses

 
19,681 20,182 Transfer payments and subsidies 6 19,962 18,374
17,061 18,031 Personnel expenses 7 18,064 16,478
3,950 4,283 Depreciation and amortisation 8 4,305 3,670
32,053 32,605 Other operating expenses 9 34,116 30,656
2,503 3,358 Interest expenses 10 3,492 3,101
3,799 3,916 Insurance expenses 11 3,882 3,563
249 -  Forecast new operating spending -  - 
(495) (500) Top-down expense adjustment -  - 
78,801 81,875 Total expenses (excluding losses) 83,821 75,842
1,318 (2,916) Operating balance before gains/(losses)

(3,893)

5,637
1,424 (3,266) Net gains/(losses) on financial instruments 12 (2,634) (617)
170 (3,450) Net gains/(losses) on non-financial instruments 13 (4,167) (2,925)
1,594 (6,716) Total gains/(losses) (6,801) (3,542)
193 333 Net surplus from associates and joint ventures 212 334
3,105 (9,299) Operating balance from continuing activities (10,482) 2,429
-  (4) Gain/(loss) from discontinued operations 2 22
3,105 (9,303) Operating balance (including minority interest) (10,480) 2,451
-  -  Operating balance attributable to minority interest
in Air New Zealand		 (25) (67)
3,105 (9,303) Operating balance (10,505) 2,384

The accompanying Notes and Accounting Policies are an integral part of these Statements.

 

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