Statement of Financial Position

as at 30 June 2010

Statement of Financial Position
Forecast				Actual
Original Budget $m	Estimated Actuals $m		Note	30 June 2010 $m	30 June 2009 $m
		Assets
5,042	6,143	Cash and cash equivalents		7,774	6,268
14,093	13,813	Receivables	14	13,884	14,619
49,683	45,465	Marketable securities, deposits and derivatives in gain	15	43,687	45,708
11,867	15,675	Share investments	16	12,179	11,160
17,268	17,967	Advances	17	18,447	15,604
1,165	1,177	Inventory	18	1,160	1,082
1,836	1,518	Other assets	19	1,661	1,630
110,251	113,634	Property, plant & equipment	20	113,330	110,135
9,197	8,925	Equity accounted investments	21	9,049	8,777
2,133	2,320	Intangible assets and goodwill	22	2,184	2,168
72	-	Forecast for new capital spending		-	-
(375)	(125)	Top-down capital adjustment		-	-
222,232	226,512	Total assets		223,355	217,151
		Liabilities
4,220	4,147	Issued currency		4,020	4,005
10,296	8,950	Payables	23	9,931	9,139
1,213	1,331	Deferred revenue		1,628	1,426
76,423	73,643	Borrowings	24	69,733	61,953
25,345	27,305	Insurance liabilities	25	27,131	26,567
10,307	9,158	Retirement plan liabilities	26	9,940	8,993
4,479	5,499	Provisions	27	5,984	5,553
132,283	130,033	Total liabilities		128,367	117,636
89,949	96,479	Total assets less total liabilities		94,988	99,515
		Net Worth
31,803	34,027	Taxpayer funds		31,087	36,382
57,723	62,110	Property, plant and equipment revaluation reserve		63,593	62,612
41	(105)	Other reserves		(94)	74
89,567	96,032	Total net worth attributable to the Crown		94,586	99,068
382	447	Net worth attributable to minority interest in Air New Zealand		402	447
89,949	96,479	Total net worth	28	94,988	99,515

The accompanying notes (including accounting policies) are an integral part of these statements.

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