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Financial Statements of the Government of New Zealand for the Year Ended 30 June 2014

Statement of Changes in Net Worth for the year ended 30 June 2014

Statement of Changes in Net Worth for the year ended 30 June 2014
Total Net Worth Note Actual
Budget
2013
$m
Budget
2014
$m
Taxpayer
funds
$m
Reserves
$m
Minority
interest
$m
Total
net
worth
$m
59,780 59,780 Net worth at 30 June 2012 3,520 55,828 432 59,780
1,918 7,019 Operating balance 6,925 94 7,019
(29) 1,367 Net revaluations 1,335 32 1,367
55 260 Transfers to/(from) reserves 250 (17) 27 260
(4) (10) (Gains)/losses transferred to the statement of financial performance   (10) (10)
13 73 Other movements 73 73
1,953 8,709 Total comprehensive income 7,175 1,381 153 8,709
175 167 Gain on Government share offers 167 167
1,325 1,371 Increase in minority interest from Government share offers 1,371 1,371
37 (16) Transactions with minority interests   (16) (16)
63,270 70,011 Net worth at 30 June 2013 10,862 57,209 1,940 70,011
498 3,216 Operating Balance 2,808 138 2,946
(351) Net revaluations 5,386 9 5,395
(59) (119) Transfers to/(from) reserves 229 (229) (2) (2)
(3) (Gains)/losses transferred to the statement of financial performance   (43) (43)
47 3 Other movements (22) (55) 2 (75)
486 2,746 Total comprehensive income 3,015 5,059 147 8,221
175 (542) Gain/(loss) on Government share offers   (577) (577)
1,325 3,300 Increase in minority interest from Government share offers 3,308 3,308
(74) (48) Transactions with minority interests   (184) (184)
65,182 75,467 Net worth at 30 June 2014 28 13,300 62,268 5,211 80,779

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

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