Summary Statement of Financial Position
as at 30 June 2009
| Forecast | Actual | |||
|---|---|---|---|---|
|
Original Budget $billion |
Estimated Actuals $billion |
30 June 2009 $billion |
30 June 2008 $billion |
|
Assets |
||||
| 6.4 | 5.4 | Cash and cash equivalents | 6.3 | 3.8 |
| 12.7 | 13.8 | Receivables | 14.6 | 14.2 |
| 35.3 | 54.7 | Marketable securities, deposits and derivatives in gain | 45.7 | 41.2 |
| 13.4 | 10.3 | Share investments | 11.2 | 13.0 |
| 16.7 | 15.0 | Advances | 15.6 | 12.9 |
| 101.3 | 106.5 | Property, plant & equipment | 110.1 | 103.3 |
| 13.3 | 13.7 | Other assets | 13.7 | 12.4 |
| 0.6 | (0.3) | Forecast adjustments | - | - |
| 199.7 | 219.1 | Total assets | 217.2 | 200.8 |
Liabilities |
||||
| 3.9 | 4.0 | Issued currency | 4.0 | 3.5 |
| 8.5 | 9.9 | Payables | 9.1 | 10.9 |
| 1.1 | 1.2 | Deferred revenue | 1.4 | 1.3 |
| 48.7 | 69.2 | Borrowings | 62.0 | 46.1 |
| 22.1 | 24.1 | Insurance liabilities | 26.6 | 20.5 |
| 8.2 | 10.6 | Retirement plan liabilities | 9.0 | 8.3 |
| 4.7 | 4.4 | Provisions | 5.6 | 4.8 |
| 97.1 | 123.4 | Total liabilities | 117.6 | 95.3 |
| 102.6 | 95.7 | Total assets less total liabilities | 99.5 | 105.5 |
Net Worth |
||||
| 99.4 | 105.5 | Net worth at start of year | 105.5 | 96.8 |
| 3.1 | (9.3) | Operating balance excluding minority interest | (10.5) | 2.4 |
| 0.1 | (0.5) | Net revaluations and other movements | 4.5 | 6.3 |
| 102.6 | 95.7 | Total net worth | 99.5 | 105.5 |
These summary financial statements comply with generally accepted accounting practice as it relates to summary financial statements.
The information in these summary statements is drawn from and is consistent with information presented in the full financial statements of the Government for the year ended 30 June 2009. These were authorised for issue on 30 September 2009.
The Government is a public benefit entity and the full financial statements of the Government have been prepared in accordance with generally accepted accounting practice as it applies to such entities. The recognition and measurement disclosure changes resulting from the change to NZ IFRS were not significant in the context of this summary information. The full financial statements received an unqualified audit opinion.
These summary financial statements cannot be expected to provide as complete an understanding as provided by the full financial statements.
