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Statement of Segments

Current Year Actual vs Estimated Actuals

Current Year Actual vs Estimated Actuals
Core Crown Crown entities State-owned enterprises Inter-segment eliminations Total Crown
Actual
2014
$m
Forecast
Budget
2014
$m
Actual
2014
$m
Forecast
Budget
2014
$m
Actual
2014
$m
Forecast
Budget
2014
$m
Actual
2014
$m
Forecast
Budget
2014
$m
Actual
2014
$m
Forecast
Budget
2014
$m
Revenue          
Taxation revenue 61,474 61,896 (595) (516) 60,879 61,380
Other sovereign revenue 1,201 1,153 5,409 5,319 (1,160) (1,089) 5,450 5,383
Revenue from core Crown funding 24,782 24,812 187 207 (24,969) (25,019)
Sales of goods and services 1,488 1,513 1,868 1,904 13,650 13,596 (534) (581) 16,472 16,432
Interest revenue and dividends 2,295 2,304 1,249 1,156 879 885 (1,248) (1,185) 3,175 3,160
Other revenue 839 909 2,090 2,284 772 964 (281) (535) 3,420 3,622
Total Revenue (excluding gains) 67,297 67,775 35,398 35,475 15,488 15,652 (28,787) (28,925) 89,396 89,977
Expenses          
Transfer payments and subsidies 23,360 23,394 23,360 23,394
Personnel expenses 6,232 6,253 11,315 11,302 2,956 2,940 (19) (7) 20,484 20,488
Other operating expenses 38,255 38,911 22,422 22,510 10,791 10,715 (27,542) (27,682) 43,926 44,454
Interest expenses 3,620 3,641 219 224 1,161 1,173 (600) (577) 4,400 4,461
Forecast new operating spending and top down adjustment (583) (583)
Total Expenses (excluding losses) 71,467 71,616 33,956 34,036 14,908 14,828 (28,161) (28,266) 92,170 92,214
Minority interest share of operating balance before gains/losses 18 16 (173) (226) (4) (159) (210)
Operating Balance before gains and losses (excluding minority interests) (4,170) (3,841) 1,460 1,455 407 598 (630) (659) (2,933) (2,447)
Gains/(losses) and other items 4,373 3,950 1,414 1,538 21 56 (67) (124) 5,741 Text Box: 1 . 5,420
Operating Balance 203 109 2,874 2,993 428 654 (697) (783) 2,808 2,973
Assets          
Financial assets 80,083 78,270 41,844 40,827 21,151 21,541 (19,901) (19,504) 123,177 121,134
Property, plant and equipment 30,963 29,971 56,802 53,043 28,541 29,250 116,306 112,264
Investments in associates, CEs and SOEs 32,543 32,764 8,627 8,479 192 348 (31,291) (31,570) 10,071 10,021
Other assets 2,816 2,833 1,149 1,100 2,598 2,371 (34) (38) 6,529 6,266
Forecast adjustments (382) (382)
Total Assets 146,405 143,456 108,422 103,449 52,482 53,510 (51,226) (51,112) 256,083 249,303
Liabilities          
Borrowings 89,090 88,438 5,155 5,107 26,185 26,916 (17,011) (17,403) 103,419 103,058
Other liabilities 28,442 27,585 43,836 42,651 7,245 7,332 (7,638) (6,790) 71,885 70,778
Total Liabilities 117,532 116,023 48,991 47,758 33,430 34,248 (24,649) (24,193) 175,304 173,836
Net Worth 28,873 27,433 59,431 55,691 19,052 19,262 (26,577) (26,919) 80,779 75,467
Cost of Acquisition of Physical Assets 1,664 2,198 2,535 2,880 1,958 2,319 (3) (19) 6,154 7,378

Current Year Actual vs Prior Year Actual

Current Year Actual vs Prior Year Actual
Core Crown Crown entities State-owned enterprises Inter-segment eliminations Total Crown
Actual
2014
$m
Actual
2013
$m
Actual
2014
$m
Actual
2013
$m
Actual
2014
$m
Actual
2013
$m
Actual
2014
$m
Actual
2013
$m
Actual
2014
$m
Actual
2013
$m
Revenue          
Taxation revenue 61,474 58,651 (595) (517) 60,879 58,134
Other sovereign revenue 1,201 1,133 5,409 5,295 (1,160) (1,256) 5,450 5,172
Revenue from core Crown funding 24,782 24,096 187 268 (24,969) (24,364)
Sales of goods and services 1,488 1,461 1,868 1,856 13,650 14,002 (534) (606) 16,472 16,713
Interest revenue and dividends 2,295 2,104 1,249 1,270 879 856 (1,248) (1,291) 3,175 2,939
Other revenue 839 800 2,090 2,547 772 810 (281) (460) 3,420 3,697
Total Revenue (excluding gains) 67,297 64,149 35,398 35,064 15,488 15,936 (28,787) (28,494) 89,396 86,655
Expenses          
Transfer payments and subsidies 23,360 22,709 (1) 23,360 22,708
Personnel expenses 6,232 6,037 11,315 10,966 2,956 2,949 (19) (17) 20,484 19,935
Other operating expenses 38,255 37,940 22,422 21,660 10,791 11,555 (27,542) (27,149) 43,926 44,006
Interest expenses 3,620 3,620 219 235 1,161 1,248 (600) (745) 4,400 4,358
Total Expenses (excluding losses) 71,467 70,306 33,956 32,861 14,908 15,752 (28,161) (27,912) 92,170 91,007
Minority interest share of operating balance before gains/losses 18 10 (173) (75) (4) 3 (159) (62)
Operating Balance before gains and losses (excluding minority interests) (4,170) (6,157) 1,460 2,213 407 109 (630) (579) (2,933) (4,414)
Gains/(losses) and other items 4,373 6,528 1,414 3,664 21 505 (67) 642 5,741 11,339
Operating Balance 203 371 2,874 5,877 428 614 (697) 63 2,808 6,925
Assets          
Financial assets 80,083 75,111 41,844 41,297 21,151 20,058 (19,901) (17,687) 123,177 118,779
Property, plant and equipment 30,963 29,507 56,802 51,823 28,541 28,503 116,306 109,833
Investments in associates, CEs and SOEs 32,543 32,611 8,627 8,151 192 187 (31,291) (31,356) 10,071 9,593
Other assets 2,816 2,646 1,149 1,133 2,598 2,463 (34) (31) 6,529 6,211
Total Assets 146,405 139,875 108,422 102,404 52,482 51,211 (51,226) (49,074) 256,083 244,416
Liabilities          
Borrowings 89,090 84,873 5,155 5,251 26,185 24,839 (17,011) (14,876) 103,419 100,087
Other liabilities 28,442 29,339 43,836 45,261 7,245 7,226 (7,638) (7,508) 71,885 74,318
Total Liabilities 117,532 114,212 48,991 50,512 33,430 32,065 (24,649) (22,384) 175,304 174,405
Net Worth 28,873 25,663 59,431 51,892 19,052 19,146 (26,577) (26,690) 80,779 70,011
Cost of Acquisition of Physical Assets 1,664 1,112 2,535 2,314 1,958 2,281 (3) (13) 6,154 5,694
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