Schedule of Movements Between Other Government Departments (2023)

Movements between us and other government departments for the year ended 30 June 2023.

Actual 2022 $000

Movements

Actual 2023 $000

Unaudited budget 2023 $000

Unaudited forecast 2024 $000

$24,277,099

Opening balance

$25,455,699

$22,531,553

$25,318,164

$90,230,565

Net result from operating activities

$99,064,250

$102,615,600

$110,300,900

Asset transfer between departments

$1,294,249

Ministry of Social Development–student loans

$1,271,263

$1,648,000

$1,505,000

$(90,356,214)

New Zealand Debt Management Office

$(100,915,915)

$(103,296,000)

$(105,915,600)

$25,455,699

Closing balance

$24,865,297

$23,499,153

$31,208,464

The accompanying accounting policies and notes form part of these financial schedules.

For a full understanding of the Crown's financial position and the results of its operations for the year, refer to the consolidated Financial Statements of the Government of New Zealand for the year ended 30 June 2023.