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Schedule of Revenues and Expenses

for the year ended 30 June 2011

Schedule of Revenues and Expenses
2010
$m
  2011
$m
 

Revenue

 
 

Cash, cash equivalents and receivables

 
125 Crown settlement account 157
- Crown trust account 1
2 Foreign cash and cash equivalents 2
 

Advances

 
(2) RBNZ -
84 Crown Health Financing Agency 91
51 Housing New Zealand 56
19 New Zealand Railways Corporation 21
- New Zealand Transport Agency -
- Other Crown -
7 Non-Crown 11
 

Financial assets

 
113 Marketable securities 144
8 External deposits 10
4 IMF financial assets 8
411 Total Revenue 501
 

Expenses

 
224 Treasury bills - market 236
4 Treasury bills - non-market 2
1,439 Government bonds - market 2,151
392 Government bonds - non-market 402
107 Inflation-indexed bonds - market 119
32 Inflation-indexed bonds - non-market 37
14 Kiwi bonds 9
- Euro-commercial paper -
41 Foreign currency debt 36
1 Collateral 2
(381) Derivatives[11] (363)
4 IMF allocation 7
3 Immigration investor policy bonds 5
23 Other 34
1,903 Total Expenses 2,677
3 Net FX gains/(losses) 11
79 Net Fair value (FV) gains/(losses)[12] 3
(1,410) Net Revenue/(Expenses) (2,162)

Notes

  • [11]Net derivatives include interest (receipts and payments only) on all derivatives, both derivatives in gain and derivatives in loss. Net derivatives may be a net revenue or net expense result for a reporting period. The net result is reported under expenses for reasons of consistency. FX gains/losses on derivatives are reported as part of the overall Net FX gains/(losses) line while fair value gains/losses are part of the overall Net FV gains/(losses) line.
  • [12]Net FV gains/(losses) on all instruments measured at fair value are separately reported as part of the overall Net FV gains/(losses) line.
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