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Note 22: Minority Interests

2017 Forecast Actual
Budget
2016
$m
Budget
2017
$m
30 June
2017
$m
30 June
2016
$m

Net Worth Attributable to Minority Interests

 
5,755 6,155 Opening minority interest 6,155 5,782
521 455 Operating balance attributable to minority interests 319 436
(500) (750) Transactions with minority interests (756) (404)
Movement in reserves attributable to minority interests 227 367
8 19 Other movements (5) (26)
5,784 5,879 Closing minority interest 5,940 6,155

Consisting of interests in:

 
Mercury NZ 2,326 1,513
Meridian Energy 920 2,301
  Genesis Energy 1,503 927
Air New Zealand 1,128 1,224
Other 63 190
Closing minority interest 5,940 6,155

Minority share of Operating Balance

 
Mercury NZ 90 73
Meridian Energy 40 84
Genesis Energy 83 41
Air New Zealand 116 252
Other (10) (14)
Operating balance attributable to minority interests 319 436

Transactions with minority interests include dividend payments and dividend reinvestments. Other minority interests consists of interests in Crown Fibre Holdings Limited (investments in local fibre companies) and the KiwiBank Group capital notes issued.

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