About us
Statement of Forecast Financial Performance
Forecast financial highlights for 2009/10
The Corporation manages a portfolio of more than 69,000 houses, which is expected to grow by 275 units in 2009/10. The owned portion of this portfolio is currently valued at $15.1 billion.
In 2009/10, the Corporation expects to receive $965 million in total income consisting of:
- $897 million in rental income
- $61 million in other operational funding
- $7 million in interest and other income.
The Corporation expects to spend $889 million in total expenses as follows:
- $120 million on interest expense
- $769 million on other direct and indirect expenditure.
The Corporation expects to:
- make an operating surplus (before tax) of $76 million
- make a net surplus (after tax) of $46 million
- spend $301 million on asset purchases and improvements
- receive $30 million from asset sales
- receive $50 million net from the transfer of mortgages to the Crown
- spend $5 million from other investing activities
- declare a dividend of $20 million.
