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Statement of Changes in Net Worth
for the year ended 30 June 2016

Statement of Changes in Net Worth
for the year ended 30 June 2016
2016 Forecast Note Actual
Budget
2015
$m
Budget
2016
$m
Taxpayer
funds
$m
Reserves
$m
Minority
interests
$m
Total
net
worth
$m
80,779 80,697 Net worth at 30 June 2014 13,218 62,268 5,211 80,697
(251) 6,316 Operating balance 5,771 545 6,316
(51) 5,520 Net revaluations 18 5,274 246 5,520
(113) Transfers to/(from) reserves 392 (392)
7 (56) (Gains)/losses transferred to the statement of financial performance (56) (56)
(51) 37 Other movements (27) 6 58 37
(459) 11,817 Total comprehensive revenue and expense 6,136 4,832 849 11,817
23 Increase in minority interest from Government share offers  
(359) (278) Transactions with minority interests 25 (278) (278)
79,984 92,236 Net worth at 30 June 2015 19,354 67,100 5,782 92,236
3,463 (2,000) Operating balance (5,369) 436 (4,933)
(259) Net revaluations 18 8,413 452 8,865
30 (211) Transfers to/(from) reserves (106) 55 (85) (136)
6 22 (Gains)/losses transferred to the statement of financial performance (56) (56)
(10) (46) Other movements 53 (78) (26) (51)
3,489 (2,494) Total comprehensive revenue and expense (5,422) 8,334 777 3,689
(438) (440) Transactions with minority interests 25 (404) (404)
83,035 89,302 Net worth at 30 June 2016 13,932 75,434 6,155 95,521

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

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