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New Zealand Economic and Financial Overview 2009

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Performance of Government Enterprises

The following tables show the Government's financial interest in SOEs and Crown Entities.

Except for those entities listed below, all SOEs and significant Crown Entities have a balance date of 30 June, and the information reported in these tables is for the period ended 30 June 2008.

  Balance date Information reported to

State-Owned Enterprises

   
Asure New Zealand Limited 30 September 30 June 2008

Crown Entities

   
School boards of trustees 31 December 31 December 2007
Tertiary education institutions 31 December 30 June 2008
Performance of Government Enterprises
(dollar amounts in millions)
30 June 2008 30 June 2007
Total
revenue
Operating
balance
Distributions
to Crown
Total
revenue
Operating
balance
Distributions
to Crown

State-Owned Enterprises

AgriQuality New Zealand Limited 17 (5) 85
Airways Corporation of New Zealand Limited 139 11 (6) 132 7 (6)
Asure New Zealand Limited 10 1 (2) 53 3 (2)
AsureQuality Limited 104 5
Electricity Corporation of New Zealand Limited 1 -   1
Genesis Power Limited 2,545 99 (29) 1,776 89 (10)
Landcorp Farming Limited 8 59 (12) 6 20 (3)
Meridian Energy Limited 2,609 129 (298) 1,774 241 (368)
Meteorological Service of New Zealand Limited 35 3 31 2 (2)
Mighty River Power Limited 1,176 113 (56) 789 98 (50)
New Zealand Post Limited 1,729 110 (27) 1,486 86 (31)
New Zealand Railways Corporation 241 (45) 223 (20)
Solid Energy New Zealand Limited 555 36 540 95
Timberlands West Coast Limited 19 (24) 18 (4)
Transpower New Zealand Limited 642 76 626 206
Kordia Group Limited 239 1 (9) 261 14 (5)
Animal Control Products Limited 6 1 (1) 6 1 (1)
Learning Media Limited 24 (2) 25
Quotable Value New Zealand 41 18 (5) 42 2 (1)
TOTAL STATE-OWNED ENTERPRISES 10,140 586 (445) 7,874 840 (479)
Air New Zealand Limited 4,784 278 (105) 4,380 (50) (162)
TOTAL SOE'S AND AIR NEW ZEALAND LIMITED 14,924 864 (550) 12,254 790 (641)
Intra-segmental eliminations (327) (141) (366) 17
TOTAL PER STATEMENT OF SEGMENTS 14,597 723 (550) 11,888 807 (641)

Crown Entities

     
Accident Compensation Corporation 4,200 (2,408) 3,684 (112)
Crown research institutes 644 21 594 8
District health boards (including the Crown Health Funding Agency) 9,896 (24) 9,046 2
Earthquake Commission 439 107 215 16
Housing New Zealand Corporation 891 18 (13) 826 97 (20)
Museum of New Zealand Te Papa Tongarewa 44 (14) 46 (9)
New Zealand Fire Service Commission 296 3 282 14
Public Trust 124 (28) 105 4
Schools Boards of Trustees 5,403 52 4,487 33
Tertiary Education Commission 2,642 2 2,404 5
TEIs 225 - 108
Transit New Zealand 1,206 600 1,156 550
Television New Zealand Limited 392 19 (10) 375 (8) (15)
Other 4,925 47 (2) 4,918 410 (1)
TOTAL CROWN ENTITIES 31,102 (1,380) (25) 28,138 1,118 (36)
Intra-segmental eliminations (2,089) (146) (1,938) (95)
TOTAL PER STATEMENT OF SEGMENTS 29,013 (1,526) (25) 26,200 1,023 (36)
TOTAL FINANCIAL INTEREST IN SOES, CROWN ENTITIES
AND AIR NEW ZEALAND LIMITED
43,610 (803) (575) 38,088 1,830 (677)

 

(dollar amounts in millions)
30 June 2008 30 June 2007
Purchase
of PPE
Total
PPE
Total
assets
Total
borrowings
Total
liabilities
Equity Equity

State-Owned Enterprises

AgriQuality New Zealand Limited (2) 25
Airways Corporation of New Zealand Limited (17) 107 132 27 78 54 46
Asure New Zealand Limited 10
AsureQuality Limited (2) 27 63 13 32 31
Electricity Corporation of New Zealand Limited 18 16 16 2 2
Genesis Power Limited (218) 1,851 2,680 573 1,273 1,407 1,326
Landcorp Farming Limited (131) 1,365 1,729 251 280 1,449 1,185
Meridian Energy Limited 6,433 7,189 1,114 2,984 4,205 4,402
Meteorological Service of New Zealand Limited (7) 11 19 5 10 9 6
Mighty River Power Limited (303) 3,499 4,038 865 1,782 2,256 1,694
New Zealand Post Limited (45) 328 8,028 7,073 7,361 667 588
New Zealand Railways Corporation (213) 11,799 11,907 223 282 11,626 10,549
Solid Energy New Zealand Limited (55) 352 626 28 258 368 340
Timberlands West Coast Limited 6 32 10 22 43
Transpower New Zealand Limited (321) 2,554 2,867 1,192 1,533 1,334 1,265
Kordia Group Limited (37) 167 259 116 158 101 106
Animal Control Products Limited (1) 2 6 1 5 4
Learning Media Limited 2 8 4 4 6
Quotable Value New Zealand (2) 2 31 9 22 9
TOTAL STATE-OWNED ENTERPRISES (1,354) 28,505 39,632 11,496 16,071 23,562 21,606
Air New Zealand Limited (238) 2,671 5,316 1,412 3,488 1,828 1,577
TOTAL SOE'S AND AIR NEW ZEALAND LIMITED (1,592) 31,176 44,948 12,908 19,559 25,390 23,183
Intra-segmental eliminations (303) (143) (506) (91) (94) (413) (383)
TOTAL PER STATEMENT OF SEGMENTS (1,895) 31,033 44,442 12,817 19,465 24,977 22,800

Crown Entities

           
Accident Compensation Corporation (54) 64 13,186 29 21,163 (7,977) (5,571)
Crown research institutes (57) 472 668 38 177 490 450
District health boards (including the Crown Health Funding Agency) (449) 4,173 6,846 2,968 4,696 2,150 2,014
Earthquake Commission (3) 13 5,637 102 5,535 5,429
Housing New Zealand Corporation (283) 15,177 15,493 1,833 3,197 12,296 11,591
Museum of New Zealand Te Papa Tongarewa (17) 1,006 1,038 14 1,024 978
New Zealand Fire Service Commission (48) 491 559 7 87 471 448
Public Trust (1) 8 1,011 979 991 20 49
School boards of trustees (109) 1,300 2,343 84 675 1,668 1,436
Tertiary education commission (2) 6 161 20 145 16 21
TEIs (478) 8,386 7,037 6,310
Transit New Zealand (1,034) 20,956 21,164 195 20,969 19,418
Television New Zealand Limited (16) 127 316 30 114 201 192
Other (37) 184 1,723 43 948 778 858
TOTAL CROWN ENTITIES (2,588) 43,977 78,531 6,278 32,504 44,678 43,623
Intra-segmental eliminations 586 (318) (3,193) (1,573) (1,543) (301) (297)
TOTAL PER STATEMENT OF SEGMENTS (2,002) 43,659 75,338 4,705 30,961 44,377 43,326
TOTAL FINANCIAL INTEREST IN SOES, CROWN ENTITIES
AND AIR NEW ZEALAND LIMITED
(3,897) 74,692 119,780 17,522 50,426 69,354 66,126
Tertiary education institutions (478) 6,928 8,386 247 1,349 7,037 6,310
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