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Summary Financial Statements of the Government of New Zealand for the Year Ended 30 June 2009

Summary Statement of Financial Performance

for the year ended 30 June 2009

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

Revenue

 
55.9 53.5 Taxation revenue 54.1 56.4
4.0 4.1 Other sovereign revenue 4.1 3.9
59.9 57.6 Total revenue levied through the Crown's sovereign power 58.2 60.3
14.2 15.2 Sales of goods and services 15.4 15.4
3.4 3.0 Interest revenue and dividends 3.4 3.2
2.6 3.1 Other revenue 2.9 2.6
20.2 21.3 Total revenue earned through operations 21.7 21.2
80.1 79.0 Total revenue (excluding gains) 79.9 81.5

Expenses

 
22.8 23.4 Social security and welfare 23.3 21.5
12.0 11.9 Health 12.0 10.8
11.0 11.8 Education 12.5 10.4
8.0 9.3 Transport and communications 9.0 7.4
22.7 22.6 Other functional expenses 23.5 22.6
2.5 3.4 Finance costs 3.5 3.1
(0.2) (0.5) Forecasting adjustments
78.8 81.9 Total expenses (excluding losses) 83.8 75.8
1.3 (2.9) Operating balance before gains and losses (OBEGAL) (3.9) 5.6
1.4 (3.3) Net gains/(losses) on financial instruments (2.6) (0.6)
0.2 (3.5) Net gains/(losses) on non-financial instruments (4.2) (2.9)
1.6 (6.7) Total gains/(losses) (6.8) (3.5)
0.2 0.3 Net surplus/(deficit) from associates and joint ventures 0.2 0.3
3.1 (9.3) Operating balance from continuing activities (10.5) 2.4
Gain/(loss) from discontinued operations
3.1 (9.3) Operating balance (including minority interest) (10.5) 2.5
Operating balance attributable to minority interest in Air NZ (0.1)
3.1 (9.3) Operating Balance (10.5) 2.4
0.1 (0.5) Total income/(expense) recognised directly in Net Worth 4.5 6.3
3.2 (9.8) Total recognised income and expense (6.0) 8.7
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