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Statement of Segments

Statement of Segments
  Current Year Actual vs Estimated Actuals (Budget 2016)
Core Crown Crown entities State-owned enterprises Inter-segment eliminations Total Crown
Actual
2016
$m
Forecast
Budget
2016
$m
Actual
2016
$m
Forecast
Budget
2016
$m
Actual
2016
$m
Forecast
Budget
2016
$m
Actual
2016
$m
Forecast
Budget
2016
$m
Actual
2016
$m
Forecast
Budget
2016
$m
Revenue          
Taxation revenue 70,445 69,682 (777) (751) 69,668 68,931
Other sovereign revenue 1,116 1,178 4,712 4,632 (1,185) (1,173) 4,643 4,637
Revenue from core Crown funding 26,197 26,326 113 118 (26,310) (26,444)
Sales of goods and services 1,453 1,470 1,938 1,863 13,538 13,807 (565) (522) 16,364 16,618
Interest revenue and dividends 2,389 2,404 1,484 1,470 997 1,061 (1,267) (1,214) 3,603 3,721
Other revenue 718 595 2,807 2,376 729 849 (373) (213) 3,881 3,607
Total Revenue (excluding gains) 76,121 75,329 37,138 36,667 15,377 15,835 (30,477) (30,317) 98,159 97,514
Expenses          
Transfer payments and subsidies 24,312 24,421 24,312 24,421
Personnel expenses 6,666 6,683 12,205 12,185 2,921 2,937 (29) (22) 21,763 21,783
Other operating expenses 39,361 40,229 25,004 24,641 10,133 10,383 (29,029) (28,988) 45,469 46,265
Interest expenses 3,590 3,647 215 176 1,154 1,246 (623) (597) 4,336 4,472
Forecast new operating spending and top down adjustment (598) (598)
Total Expenses (excluding losses) 73,929 74,382 37,424 37,002 14,208 14,566 (29,681) (29,607) 95,880 96,343
Minority interest share of operating balance before gains/(losses) 14 13 (474) (549) 12 33 (448) (503)
Operating Balance before gains and losses  (excluding minority interests) 2,192 947 (272) (322) 695 720 (784) (677) 1,831 668
Gains/(losses) and other items (3,104) (1,384) (3,208) (1,789) 25 153 (913) (213) (7,200) (3,233)
Operating Balance (912) (437) (3,480) (2,111) 720 873 (1,697) (890) (5,369) (2,565)
Assets
Financial assets 88,014 87,146 47,485 45,268 24,237 23,706 (21,481) (21,462) 138,255 134,658
Property, plant and equipment 35,697 32,995 66,770 62,967 32,033 31,039 (1) 134,499 127,001
Investments in associates, CEs and SOEs 38,376 38,222 10,819 10,077 228 548 (36,718) (36,675) 12,705 12,172
Other assets 3,083 3,063 1,795 1,268 2,421 2,336 (79) (36) 7,220 6,631
Forecast adjustments (69) (69)
Total Assets 165,170 161,357 126,869 119,580 58,919 57,629 (58,279) (58,173) 292,679 280,393
Liabilities          
Borrowings 95,036 95,671 5,961 5,924 29,813 29,579 (16,854) (18,165) 113,956 113,009
Other liabilities 33,515 31,271 50,615 46,977 7,848 7,480 (8,776) (7,646) 83,202 78,082
Total Liabilities 128,551 126,942 56,576 52,901 37,661 37,059 (25,630) (25,811) 197,158 191,091
Net Worth 36,619 34,415 70,293 66,679 21,258 20,570 (32,649) (32,362) 95,521 89,302
Cost of Acquisition of Physical Assets (Cash) 1,971 2,130 3,240 3,218 1,681 2,077 (11) (31) 6,881 7,394

Statement of Segments (continued)

Statement of Segments (continued)
  Current Year Actual vs Prior Year Actual
Core Crown Crown entities State-owned
enterprises
Inter-segment
eliminations
Total Crown
Actual
2016
$m
Actual
2015
$m
Actual
2016
$m
Actual
2015
$m
Actual
2016
$m
Actual
2015
$m
Actual
2016
$m
Actual
2015
$m
Actual
2016
$m
Actual
2015
$m
Revenue          
Taxation revenue 70,445 66,636 (777) (581) 69,668 66,055
Other sovereign revenue 1,116 993 4,712 5,062 (1,185) (1,102) 4,643 4,953
Revenue from core Crown funding 26,197 25,535 113 139 (26,310) (25,674)
Sales of goods and services 1,453 1,393 1,938 1,854 13,538 13,670 (565) (552) 16,364 16,365
Interest revenue and dividends 2,389 2,452 1,484 1,429 997 1,043 (1,267) (1,400) 3,603 3,524
Other revenue 718 739 2,807 2,414 729 822 (373) (360) 3,881 3,615
Total Revenue (excluding gains) 76,121 72,213 37,138 36,294 15,377 15,674 (30,477) (29,669) 98,159 94,512
Expenses          
Transfer payments and subsidies 24,312 23,723 24,312 23,723
Personnel expenses 6,666 6,552 12,205 11,660 2,921 2,935 (29) (23) 21,763 21,124
Other operating expenses 39,361 38,305 25,004 23,750 10,133 10,493 (29,029) (28,187) 45,469 44,361
Interest expenses 3,590 3,783 215 221 1,154 1,280 (623) (721) 4,336 4,563
Total Expenses (excluding losses) 73,929 72,363 37,424 35,631 14,208 14,708 (29,681) (28,931) 95,880 93,771
Minority interest share of operating balance before gains/(losses) 14 21 (474) (384) 12 36 (448) (327)
Operating Balance before gains and losses (excluding minority interests) 2,192 (150) (272) 684 695 582 (784) (702) 1,831 414
Gains/(losses) and other items (3,104) 4,029 (3,208) 2,102 25 107 (913) (881) (7,200) 5,357
Operating Balance (912) 3,879 (3,480) 2,786 720 689 (1,697) (1,583) (5,369) 5,771
Assets          
Financial assets 88,014 88,754 47,485 45,257 24,237 22,588 (21,481) (20,812) 138,255 135,787
Property, plant and equipment 35,697 32,289 66,770 61,416 32,033 30,852 (1) 1 134,499 124,558
Investments in associates, CEs and SOEs 38,376 35,394 10,819 9,790 228 565 (36,718) (33,320) 12,705 12,429
Other assets 3,083 2,787 1,795 1,792 2,421 2,404 (79) (543) 7,220 6,440
Total Assets 165,170 159,224 126,869 118,255 58,919 56,409 (58,279) (54,674) 292,679 279,214
Liabilities          
Borrowings 95,036 95,549 5,961 5,640 29,813 28,437 (16,854) (17,046) 113,956 112,580
Other liabilities 33,515 30,273 50,615 45,277 7,848 7,573 (8,776) (8,725) 83,202 74,398
Total Liabilities 128,551 125,822 56,576 50,917 37,661 36,010 (25,630) (25,771) 197,158 186,978
Net Worth 36,619 33,402 70,293 67,338 21,258 20,400 (32,649) (28,903) 95,521 92,236
Cost of Acquisition of Physical Assets (Cash) 1,971 1,999 3,240 2,882 1,681 2,085 (11) (14) 6,881 6,952
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