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Historical Financial Information

Historical Financial Information
Year ended
30 June
$ million
2006
Actual
2007
Actual
2008
Actual
2009
Actual
2010
Actual
2011
Actual
2012
Actual
2013
Actual
2014
Actual
2015
Actual
2016
Actual
Statement of financial performance  
Core Crown tax revenue 50,973 53,477 56,747 54,681 50,744 51,557 55,081 58,651 61,563 66,636 70,445
Core Crown other revenue 4,526 4,494 4,828 4,510 5,013 5,642 5,347 5,154 5,530 5,577 5,676
Core Crown revenue 55,499 57,971 61,575 59,191 55,757 57,199 60,428 63,805 67,093 72,213 76,121
Crown entities, SOE revenue and eliminations 15,690 16,378 19,660 20,024 18,509 24,013 22,918 22,506 22,106 22,299 22,038
Total Crown revenue 71,189 74,349 81,235 79,215 74,266 81,212 83,346 86,311 89,199 94,512 98,159
Social security and welfare 15,451 16,621 17,730 19,189 20,814 21,724 21,956 22,459 23,026 23,523 24,081
Health 9,547 10,355 11,297 12,368 13,128 13,753 14,160 14,498 14,898 15,058 15,626
Education 9,914 9,269 9,551 11,455 11,724 11,650 11,654 12,504 12,300 12,879 13,158
Core government services 2,507 4,817 3,371 5,293 2,974 5,563 5,428 4,294 4,502 4,134 4,102
Law and order 2,146 2,606 2,797 2,992 3,103 3,312 3,338 3,394 3,463 3,515 3,648
Other core Crown expenses 9,519 10,096 12,007 12,415 11,811 14,097 12,403 12,813 12,985 13,254 13,314
Core Crown expenses 49,084 53,764 56,753 63,711 63,554 70,099 68,939 69,962 71,174 72,363 73,929
Crown entities, SOE expenses and eliminations 15,015 14,725 18,845 19,397 17,027 29,509 23,647 20,701 20,668 21,408 21,951
Total Crown expenses 64,098 68,489 75,598 83,108 80,581 99,608 92,586 90,663 91,842 93,771 95,880
OBEGAL (excluding minority interests) 7,091 5,860 5,637 (3,893) (6,315) (18,396) (9,240) (4,414) (2,802) 414 1,831
Gains/(losses) 2,451 2,162 (3,253) (6,612) 1,806 5,036 (5,657) 11,339 5,741 5,357 (7,200)
Operating balance (excluding minority interests) 9,542 8,022 2,384 (10,505) (4,509) (13,360) (14,897) 6,925 2,939 5,771 (5,369)
Statement of financial position  
Property, plant and equipment 89,141 95,598 103,329 110,135 113,330 114,854 108,584 109,833 116,306 124,558 134,499
Financial assets 66,396 73,718 85,063 93,359 95,971 115,362 116,178 118,779 123,918 135,787 138,255
Other assets 9,503 11,031 12,443 13,657 14,054 14,999 15,556 15,804 16,600 18,869 19,925
Total assets 165,040 180,347 200,835 217,151 223,355 245,215 240,318 244,416 256,824 279,214 292,679
Borrowings 40,027 41,898 46,110 61,953 69,733 90,245 100,534 100,087 103,419 112,580 113,956
Other liabilities 41,042 41,622 49,211 55,683 58,634 74,083 80,004 74,318 72,708 74,398 83,202
Total liabilities 81,069 83,520 95,321 117,636 128,367 164,328 180,538 174,405 176,127 186,978 197,158
Minority interests 293 369 382 447 402 308 432 1,940 5,211 5,782 6,155
Net worth attributable to the Crown 83,678 96,458 105,132 99,068 94,586 80,579 59,348 68,071 75,486 86,454 89,366
Cash position  
Core Crown residual cash 2,985 2,793 2,057 (8,639) (9,000) (13,343) (10,644) (5,742) (4,109) (1,827) (1,322)
Debt Indicators  
Net debt 16,163 13,380 10,258 17,119 26,738 40,128 50,671 55,835 59,931 60,631 61,880
Gross debt 33,903 30,647 31,390 43,356 53,591 72,420 79,635 77,984 81,956 86,125 86,928

Historical Financial Information (continued)

Historical Financial Information (continued)
Year ended
30 June
as % of GDP
2006
Actual
2007
Actual
2008
Actual
2009
Actual
2010
Actual
2011
Actual
2012
Actual
2013
Actual
2014
Actual
2015
Actual
2016
Actual
Nominal GDP (revised) 164,678 175,456 189,138 189,523 196,698 205,861 215,348 218,817 235,033 241,597 251,760
Statement of financial performance  
Core Crown tax revenue 31.0% 30.5% 30.0% 28.9% 25.8% 25.0% 25.6% 26.8% 26.2% 27.6% 28.0%
Core Crown other revenue 2.7% 2.6% 2.6% 2.4% 2.5% 2.7% 2.5% 2.4% 2.4% 2.3% 2.3%
Core Crown revenue 33.7% 33.0% 32.6% 31.2% 28.3% 27.8% 28.1% 29.2% 28.5% 29.9% 30.2%
Crown entities, SOE and elimination revenue 9.5% 9.3% 10.4% 10.6% 9.4% 11.7% 10.6% 10.3% 9.4% 9.2% 8.8%
Total Crown revenue 43.2% 42.4% 43.0% 41.8% 37.8% 39.4% 38.7% 39.4% 38.0% 39.1% 39.0%
Social security and welfare 9.4% 9.5% 9.4% 10.1% 10.6% 10.6% 10.2% 10.3% 9.8% 9.7% 9.6%
Health 5.8% 5.9% 6.0% 6.5% 6.7% 6.7% 6.6% 6.6% 6.3% 6.2% 6.2%
Education 6.0% 5.3% 5.0% 6.0% 6.0% 5.7% 5.4% 5.7% 5.2% 5.3% 5.2%
Core government services 1.5% 2.7% 1.8% 2.8% 1.5% 2.7% 2.5% 2.0% 1.9% 1.7% 1.6%
Law and order 1.3% 1.5% 1.5% 1.6% 1.6% 1.6% 1.6% 1.6% 1.5% 1.5% 1.4%
Other core Crown expenses 5.8% 5.8% 6.3% 6.6% 6.0% 6.8% 5.8% 5.9% 5.5% 5.5% 5.3%
Core Crown expenses 29.8% 30.6% 30.0% 33.6% 32.3% 34.1% 32.0% 32.0% 30.3% 30.0% 29.4%
Crown entities, SOE and elimination expenses 9.1% 8.4% 10.0% 10.2% 8.7% 14.3% 11.0% 9.5% 8.8% 8.9% 8.7%
Total Crown expenses 38.9% 39.0% 40.0% 43.9% 41.0% 48.4% 43.0% 41.4% 39.1% 38.8% 38.1%
OBEGAL (excluding minority interests) 4.3% 3.3% 3.0% -2.1% -3.2% -8.9% -4.3% -2.0% -1.2% 0.2% 0.7%
Gains/(losses) 1.5% 1.2% -1.7% -3.5% 0.9% 2.4% -2.6% 5.2% 2.4% 2.2% -2.9%
Operating balance (excluding minority interests) 5.8% 4.6% 1.3% -5.5% -2.3% -6.5% -6.9% 3.2% 1.3% 2.4% -2.1%
Statement of financial position  
Property, plant and equipment 54.1% 54.5% 54.6% 58.1% 57.6% 55.8% 50.4% 50.2% 49.5% 51.6% 53.4%
Financial assets and sovereign receivables 40.3% 42.0% 45.0% 49.3% 48.8% 56.0% 53.9% 54.3% 52.7% 56.2% 54.9%
Other assets 5.8% 6.3% 6.6% 7.2% 7.1% 7.3% 7.2% 7.2% 7.1% 7.8% 7.9%
Total assets 100.2% 102.8% 106.2% 114.6% 113.6% 119.1% 111.6% 111.7% 109.3% 115.6% 116.3%
Borrowings 24.3% 23.9% 24.4% 32.7% 35.5% 43.8% 46.7% 45.7% 44.0% 46.6% 45.3%
Other liabilities 24.9% 23.7% 26.0% 29.4% 29.8% 36.0% 37.2% 34.0% 30.9% 30.8% 33.0%
Total liabilities 49.2% 47.6% 50.4% 62.1% 65.3% 79.8% 83.8% 79.7% 74.9% 77.4% 78.3%
Minority interests 0.2% 0.2% 0.2% 0.2% 0.2% 0.1% 0.2% 0.9% 2.2% 2.4% 2.4%
Net worth attributable to the Crown 50.8% 55.0% 55.6% 52.3% 48.1% 39.1% 27.6% 31.1% 32.1% 35.8% 35.5%
Cash position  
Core Crown residual cash 1.8% 1.6% 1.1% -4.6% -4.6% -6.5% -4.9% -2.6% -1.7% -0.8% -0.5%
Debt Indicators  
Net debt 9.8% 7.6% 5.4% 9.0% 13.6% 19.5% 23.5% 25.5% 25.5% 25.1% 24.6%
Gross debt 20.6% 17.5% 16.6% 22.9% 27.2% 35.2% 37.0% 35.6% 34.9% 35.6% 34.5%
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