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Statement of Segments

Current Year Actual vs Estimated Actuals (Budget 2017)
Core Crown Crown entities State-owned enterprises Inter-segment eliminations Total Crown
Actual
2017
$m
Forecast
Budget
2017
$m
Actual
2017
$m
Forecast
Budget
2017
$m
Actual
2017
$m
Forecast
Budget
2017
$m
Actual
2017
$m
Forecast
Budget
2017
$m
Actual
2017
$m
Forecast
Budget
2017
$m
Revenue          
Taxation revenue 75,644 74,598 (671) (611) 74,973 73,987
Other sovereign revenue 1,458 1,366 4,919 4,844 (1,296) (1,313) 5,081 4,897
Revenue from core Crown funding 27,252 27,156 106 99 (27,358) (27,255)
Sales of goods and services 1,607 1,613 2,194 2,215 13,675 13,427 (605) (568) 16,871 16,687
Interest revenue 1,119 1,131 998 1,001 918 964 (308) (299) 2,727 2,797
Other revenue 1,954 2,063 2,980 2,912 772 918 (1,131) (1,365) 4,575 4,528
Total Revenue (excluding gains) 81,782 80,771 38,343 38,128 15,471 15,408 (31,369) (31,411) 104,227 102,896
Expenses          
Transfer payments and subsidies 25,264 25,504 25,264 25,504
Personnel expenses 6,890 6,908 12,878 12,606 2,869 2,867 (38) (33) 22,599 22,349
Other operating expenses 40,651 41,684 26,428 26,836 10,714 10,370 (30,006) (29,976) 47,787 48,914
Interest expenses 3,534 3,588 158 146 1,060 1,135 (590) (571) 4,162 4,297
Forecast new operating spending and top down adjustment (220) (220)
Total Expenses (excluding losses) 76,339 77,464 39,464 39,588 14,643 14,372 (30,634) (30,580) 99,812 100,844
Minority interest share of operating balance before gains/(losses) 10 (6) (347) (452) (9) 27 (346) (431)
Operating Balance before gains and losses (excluding minority interests) 5,443 3,307 (1,111) (1,466) 481 584 (744) (804) 4,069 1,621
Gains/(losses) and other items 6,621 5,612 1,530 1,604 124 70 (27) 531 8,248 7,817
Operating Balance (excluding minority interests) 12,064 8,919 419 138 605 654 (771) (273) 12,317 9,438
Assets
Financial assets 94,841 91,317 48,175 47,255 24,876 24,834 (20,842) (21,497) 147,050 141,909
Property, plant and equipment 39,221 36,729 72,599 69,211 32,730 32,232 144,550 138,172
Investments in associates, CEs and SOEs 43,001 43,051 12,143 12,205 219 277 (41,153) (41,167) 14,210 14,366
Other assets 3,313 3,147 1,870 1,299 2,730 2,370 (114) (26) 7,799 6,790
Forecast adjustments 45 45
Total Assets 180,376 174,289 134,787 129,970 60,555 59,713 (62,109) (62,690) 313,609 301,282
Liabilities          
Borrowings 93,730 97,118 4,082 4,279 30,222 30,519 (16,228) (17,324) 111,806 114,592
Other liabilities 34,898 31,634 50,804 50,123 8,326 7,725 (8,697) (8,715) 85,331 80,767
Total Liabilities 128,628 128,752 54,886 54,402 38,548 38,244 (24,925) (26,039) 197,137 195,359
Net Worth 51,748 45,537 79,901 75,568 22,007 21,469 (37,184) (36,651) 116,472 105,923
Cost of Acquisition of Physical Assets (Cash) 1,988 2,572 3,129 3,503 1,715 1,894 (4) 1 6,828 7,970
  Current Year Actual vs Prior Year Actual
Core Crown Crown entities State-owned enterprises Inter-segment eliminations Total Crown
Actual
2017
$m
Actual
2016
$m
Actual
2017
$m
Actual
2016
$m
Actual
2017
$m
Actual
2016
$m
Actual
2017
$m
Actual
2016
$m
Actual
2017
$m
Actual
2016
$m
Revenue          
Taxation revenue 75,644 70,445 (671) (777) 74,973 69,668
Other sovereign revenue 1,458 1,116 4,919 4,712 (1,296) (1,185) 5,081 4,643
Revenue from core Crown funding 27,252 26,197 106 113 (27,358) (26,310)
Sales of goods and services 1,607 1,453 2,194 1,938 13,675 13,538 (605) (565) 16,871 16,364
Interest revenue 1,119 1,100 998 1,090 918 997 (308) (399) 2,727 2,788
Other revenue 1,954 2,007 2,980 3,201 772 729 (1,131) (1,241) 4,575 4,696
Total Revenue (excluding gains) 81,782 76,121 38,343 37,138 15,471 15,377 (31,369) (30,477) 104,227 98,159
Expenses          
Transfer payments and subsidies 25,264 24,312 25,264 24,312
Personnel expenses 6,890 6,666 12,878 12,393 2,869 2,921 (38) (29) 22,599 21,952
Other operating expenses 40,651 39,361 26,428 24,816 10,714 10,133 (30,006) (29,029) 47,787 45,280
Interest expenses 3,534 3,590 158 215 1,060 1,154 (590) (623) 4,162 4,336
Total Expenses (excluding losses) 76,339 73,929 39,464 37,424 14,643 14,208 (30,634) (29,681) 99,812 95,880
Minority interest share of operating balance before gains/(losses) 10 14 (347) (474) (9) 12 (346) (448)
Operating Balance before gains and losses (excluding minority interests) 5,443 2,192 (1,111) (272) 481 695 (744) (784) 4,069 1,831
Gains/(losses) and other items 6,621 (3,104) 1,530 (3,208) 124 25 (27) (913) 8,248 (7,200)
Operating Balance (excluding minority interests) 12,064 (912) 419 (3,480) 605 720 (771) (1,697) 12,317 (5,369)
Assets
Financial assets 94,841 88,014 48,175 47,485 24,876 24,237 (20,842) (21,481) 147,050 138,255
Property, plant and equipment 39,221 35,697 72,599 66,770 32,730 32,033 (1) 144,550 134,499
Investments in associates, CEs and SOEs 43,001 38,376 12,143 10,819 219 228 (41,153) (36,718) 14,210 12,705
Other assets 3,313 3,083 1,870 1,795 2,730 2,421 (114) (79) 7,799 7,220
Total Assets 180,376 165,170 134,787 126,869 60,555 58,919 (62,109) (58,279) 313,609 292,679
Liabilities          
Borrowings 93,730 95,036 4,082 5,961 30,222 29,813 (16,228) (16,854) 111,806 113,956
Other liabilities 34,898 33,515 50,804 50,615 8,326 7,848 (8,697) (8,776) 85,331 83,202
Total Liabilities 128,628 128,551 54,886 56,576 38,548 37,661 (24,925) (25,630) 197,137 197,158
Net Worth 51,748 36,619 79,901 70,293 22,007 21,258 (37,184) (32,649) 116,472 95,521
Cost of Acquisition of Physical Assets (Cash) 1,988 1,960 3,129 3,240 1,715 1,681 (4) 6,828 6,881
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