Overview of information about government assets on the Treasury website.
What assets does the Government own?
The Government's assets range from commercial forests, property, plant and equipment to intangible assets. Some of the Government's largest assets are financial assets like the New Zealand Superannuation Fund (NZS Fund).
State-owned Enterprises and Crown Entities Assets
The total assets of State-owned Enterprises (SOEs), Crown Entities and Air New Zealand Limited are reported in the Information on SOEs and Crown Entities tables in the Financial Statements of the Government of New Zealand for the Year Ended 30 June 2016. This figure was $185.8 billion as at 30 June 2016.
How much are the Government's assets worth?
The Statement of Financial Position in the Financial Statements of the Government of New Zealand for the Year Ended 30 June 2016 shows the current value of broad types of assets. Total assets for the 2015/16 financial year are valued at $292.7 billion. Note 18: Property, Plant and Equipment, includes a breakdown of the value of those types of assets - for example, rail network, electricity generation assets, land and buildings.
The Treasury's Role
The Treasury's responsibilities in relation to assets held by the Government include:
- Monitoring the performance of the Crown's commercial portfolio
- Reporting on the net worth and performance of SOEs in Financial Statements
- Implementing Government policy on the management of assets
- Financial Statements of the Government of New Zealand for the Year Ended 30 June 2016
- Economic and Fiscal Updates (EFUs)