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Statement of Changes in Net Worth
for the year ended 30 June 2017

2017 Forecast Note Actual
Budget
2016
$m
Budget
2017
$m
Taxpayer
funds
$m
Reserves
$m
Minority
interests
$m
Total
net worth
$m
92,236 92,236 Net worth at 30 June 2015 19,354 67,100 5,782 92,236
(2,000) (4,933) Operating balance (5,369) 436 (4,933)
(259) 8,865 Net revaluations 16 8,413 452 8,865
(211) (136) Transfers to/(from) reserves (106) 55 (85) (136)
22 (56) (Gains)/losses transferred to the
statement of financial performance
(56) (56)
(46) (51) Other movements 53 (78) (26) (51)
(2,494) 3,689 Total comprehensive revenue and expense   (5,422) 8,334 777 3,689
(440) (404) Transactions with minority interests 22 (404) (404)
89,302 95,521 Net worth at 30 June 2016 13,932 75,434 6,155 95,521
3,579 9,893 Operating balance 12,317 319 12,636
1,156 Net revaluations 16 8,745 178 8,923
40 139 Transfers to/(from) reserves 207 (209) 49 47
6 (11) (Gains)/losses transferred to the
statement of financial performance
62 62
(2) (25) Other movements 44 (5) 39
3,623 11,152 Total comprehensive revenue and expense   12,524 8,642 541 21,707
(500) (750) Transactions with minority interests 22 (756) (756)
92,425 105,923 Net worth at 30 June 2017 26,456 84,076 5,940 116,472

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

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