Statement of Recognised Income and Expense
for the year ended 30 June 2009
| Forecast | Actual | |||
|---|---|---|---|---|
|
Original Budget $m |
Estimated Actuals $m |
30 June 2009 $m |
30 June 2008 $m |
|
| 3,105 | (9,303) | Operating balance (including minority interest) | (10,480) | 2,451 |
| - | (707) | Revaluation of physical assets | 4,087 | 5,896 |
| - | - | Share of associates revaluation of physical assets | 148 | 318 |
| 58 | 4 | Effective portion of changes in the fair value of cash flow hedges | 333 | 9 |
| - | (1) | Net change in fair value of cash flow hedges transferred to operating profit | - | 22 |
| - | 65 | Net change in fair value of cash flow hedges transferred to the hedged item | (153) | (60) |
| - | 76 | Foreign currency translation differences for foreign operations | 15 | 17 |
| 6 | 49 | Valuation gain/(losses) on investments available for sale taken to reserves | 22 | 11 |
| 2 | 1 | Other movements | - | - |
| 66 | (513) | Total income/(expense) recognised directly in net worth | 4,452 | 6,213 |
| 3,171 | (9,816) | Total recognised income and expense | (6,028) | 8,664 |
Attributable to: |
||||
| - | - | - minority interest in Air New Zealand | 34 | 83 |
| 3,171 | (9,816) | - the Crown | (6,062) | 8,581 |
| 3,171 | (9,816) | Total recognised income and expense | (6,028) | 8,664 |
Note 28 details the allocation of income and expense items recognised in net worth to taxpayer funds and to each reserve.
The accompanying Notes and Accounting Policies are an integral part of these Statements.
