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Schedule of Revenues and Expenses

for the year ended 30 June 2014

Schedule of Revenues and Expenses
2013
$m
  2014
$m
  Revenue  
  Cash, cash equivalents and receivables  
144 Crown settlement account 65
1 Crown trust account 3
2 Foreign cash and cash equivalents 1
  Advances  
(6) RBNZ (6)
102 Ministry of Health 102
49 Housing New Zealand 52
10 New Zealand Railways Corporation 9
4 New Zealand Transport Agency 4
- Other Crown -
12 Non-Crown 18
  Financial assets  
104 Marketable securities 114
8 External deposits 1
2 IMF financial assets 2
432 Total revenue 365
  Expenses  
152 Treasury bills - market 97
12 Treasury bills - non-market 15
2,954 Government bonds - market 2,765
243 Government bonds - non-market 184
199 Inflation-indexed bonds - market 391
34 Inflation-indexed bonds - non-market 38
5 Kiwi bonds 5
1 Euro-commercial paper -
13 Foreign currency debt 9
2 Collateral 1
(293) Derivatives[14] (228)
1 IMF allocation 2
- Immigration investor policy bonds -
45 Other 142
3,368 Total expenses 3,421
2 Net foreign exchange gains/(losses) -
(216) Net fair value (FV) gains/(losses)[15] (140)
(3,150) Net revenue/(expenses) (3,196)

Notes

  • [14]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. Foreign exchange gains/losses on derivatives are reported as part of the overall Net foreign exchange gains/(losses) line while fair value gains/losses are part of the overall Net FV gains/(losses) line.
  • [15]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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