Statement of Financial Position

as at 30 June 2009

Statement of Financial Position as at 30 June 2009
Forecast				Actual
Original Budget $m	Estimated Actuals $m		Note	30 June 2009 $m	30 June 2008 $m
		Assets
6,412	5,353	Cash and cash equivalents		6,268	3,804
12,749	13,787	Receivables	14	14,619	14,158
35,277	54,676	Marketable securities, deposits and derivatives in gain	15	45,708	41,189
13,446	10,347	Share investments	16	11,160	12,964
16,722	15,042	Advances	17	15,604	12,948
997	1,099	Inventory	18	1,082	964
1,561	1,864	Other assets	19	1,630	1,663
101,276	106,498	Property, plant & equipment	20	110,135	103,329
8,683	8,805	Equity accounted investments	21	8,777	8,065
1,929	1,928	Intangible assets and goodwill	22	2,168	1,751
951	-	Forecast for new capital spending		-	-
(350)	(275)	Top-down capital adjustment		-	-
199,653	219,124	Total assets		217,151	200,835
		Liabilities
3,885	4,039	Issued currency		4,005	3,530
8,497	9,949	Payables	23	9,139	10,895
1,064	1,218	Deferred revenue		1,426	1,292
48,656	69,156	Borrowings	24	61,953	46,110
22,065	24,136	Insurance liabilities	25	26,567	20,484
8,221	10,557	Retirement plan liabilities	26	8,993	8,257
4,711	4,371	Provisions	27	5,553	4,753
97,099	123,426	Total liabilities		117,636	95,321
102,554	95,698	Total assets less total liabilities		99,515	105,514
		Net Worth
49,886	37,534	Taxpayer funds		36,382	46,700
52,486	57,723	Property, plant and equipment revaluation reserve		62,612	58,566
(114)	59	Other reserves		74	(134)
102,258	95,316	Total net worth attributable to the Crown		99,068	105,132
296	382	Net worth attributable to minority interest in Air New Zealand		447	382
102,554	95,698	Total net worth	28	99,515	105,514

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

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