The Treasury

Global Navigation

Personal tools

Audited Financial Statements

Statement of Financial Performance
for the year ended 30 June 2015

Statement of Financial Performance for the year ended 30 June 2015
Forecast Note Actual
Budget
2014
$m
Budget
2015
$m
30 June
2015
$m
30 June
2014
$m

Revenue

 
65,824 65,462 Taxation revenue 3 66,055 60,968
4,681 4,929 Other sovereign revenue 3 4,953 5,134
70,505 70,391 Total sovereign revenue 71,008 66,102
17,091 16,625 Sales of goods and services 4 16,866 16,472
3,702 3,595 Interest revenue and dividends 5 3,524 3,205
3,842 3,594 Other revenue 6 3,615 3,420
24,635 23,814 Total revenue earned through operations 24,005 23,097
95,140 94,205 Total revenue (excluding gains) 95,013 89,199

Expenses

 
23,876 23,846 Transfer payments and subsidies 7 23,723 23,360
20,881 21,182 Personnel expenses 8 21,124 20,484
4,882 4,855 Depreciation and amortisation 9 4,842 4,872
37,093 36,525 Other operating expenses 10 35,910 35,225
4,763 4,689 Interest expenses 11 4,563 4,400
3,517 4,023 Insurance expenses 12 4,110 3,501
291 7 Forecast new operating spending
(875) (555) Top-down expense adjustment
94,428 94,572 Total expenses (excluding losses) 94,272 91,842
340 317 Minority interests share of operating balance before gains and losses 327 159
372 (684) Operating balance before gains and losses (excluding minority interests) 414 (2,802)
2,583 6,021 Net gains/(losses) on financial instruments 13 6,196 4,820
(82) (6,551) Net gains/(losses) on non-financial instruments 14 (1,649) 540
2,501 (530) Total gains/(losses) 4,547 5,360
25 66 Less minority interests share of net gains/(losses) 218 (21)
2,476 (596) Gains/(losses) (excluding minority interests) 4,329 5,381
254 646 Net surplus from associates and joint ventures 1,028 360
3,102 (634) Operating balance (excluding minority interests) 5,771 2,939

Operating balance allocated between:

 
3,102 (634) Operating balance (excluding minority interests) 5,771 2,939
365 383 Minority interests share of operating balance 26 545 138
3,467 (251) Operating balance (including minority interests) 6,316 3,077

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

Page top