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

Statement of Financial Position as at 30 June 2014

Statement of Financial Position as at 30 June 2014
Forecast
Note Actual
Budget
2013
$m
Budget
2014
$m
30 June
2014
$m
30 June
2013
$m


Assets
 
15,244 11,108 Cash and cash equivalents
11,888 14,924
18,070 17,873 Receivables 14 17,480 19,883
44,713 47,870 Marketable securities, deposits and derivatives in gain 15 48,457 44,000
18,176 19,672 Share investments 16 20,596 17,359
25,312 24,611 Advances 17 24,756 22,613
1,321 1,158 Inventory 18 1,099 1,140
2,061 2,267 Other assets 19 2,510 2,295
112,627 112,264 Property, plant & equipment 20 116,306 109,833
9,642 10,021 Equity accounted investments 21 10,071 9,593
2,837 2,841 Intangible assets and goodwill 22 2,920 2,776
505 13 Forecast for new capital spending
(330) (395) Top-down capital adjustment
250,178 249,303 Total assets
256,083 244,416


Liabilities
 
4,897 5,072 Issued currency
4,964 4,691
12,360 11,952 Payables 23 11,294 11,160
1,553 1,802 Deferred revenue
1,962 1,714
112,201 103,058 Borrowings 24 103,419 100,087
35,902 34,900 Insurance liabilities 25 35,825 37,712
11,766 10,732 Retirement plan liabilities 26 10,885 11,903
6,317 6,320 Provisions 27 6,955 7,138
184,996 173,836 Total liabilities
175,304 174,405
65,182 75,467 Total assets less total liabilities
80,779 70,011


Net Worth
 
6,230 13,344 Taxpayer funds
13,300 10,862
55,831 56,648 Property, plant and equipment revaluation reserve
62,225 57,068
(64) 40 Other reserves
43 141
61,997 70,032 Total net worth attributable to the Crown
75,568 68,071
3,185 5,435 Net worth attributable to minority interests
5,211 1,940
65,182 75,467 Total net worth 28 80,779 70,011

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

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