Statement of Financial Position

as at 30 June 2011

Statement of Financial Position as at 30 June 2011
Forecast 30 June 2011				Actual
Budget 10 $m	Budget 11 $m		Note	30 June 2011 $m	30 June 2010 $m
		Assets
6,126	9,103	Cash and cash equivalents		9,801	7,774
14,038	17,514	Receivables	14	21,690	13,884
46,220	49,006	Marketable securities, deposits and derivatives in gain	15	49,056	43,687
17,771	14,206	Share investments	16	14,248	12,179
20,411	19,851	Advances	17	20,567	18,447
1,228	1,309	Inventory	18	1,308	1,160
1,488	1,668	Other assets	19	1,996	1,661
117,742	116,933	Property, plant & equipment	20	114,854	113,330
9,440	9,398	Equity accounted investments	21	9,301	9,049
2,596	2,524	Intangible assets and goodwill	22	2,394	2,184
282	-	Forecast for new capital spending		-	-
(425)	(100)	Top-down capital adjustment		-	-
236,917	241,412	Total assets		245,215	223,355
		Liabilities
4,251	4,380	Issued currency		4,254	4,020
10,001	9,169	Payables	23	11,099	9,931
1,222	1,433	Deferred revenue		1,674	1,628
89,416	91,003	Borrowings	24	90,245	69,733
28,635	31,802	Insurance liabilities	25	39,314	27,131
8,821	9,271	Retirement plan liabilities	26	10,156	9,940
5,155	8,835	Provisions	27	7,586	5,984
147,501	155,893	Total liabilities		164,328	128,367
89,416	85,519	Total assets less total liabilities		80,887	94,988
		Net Worth
26,983	21,720	Taxpayer funds		18,188	31,087
62,086	63,600	Property, plant and equipment revaluation reserve		62,690	63,593
(100)	(203)	Other reserves		(299)	(94)
88,969	85,117	Total net worth attributable to the Crown		80,579	94,586
447	402	Net worth attributable to minority interest in Air New Zealand		308	402
89,416	85,519	Total net worth	28	80,887	94,988

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

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