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Term Debt

Council Term Debt

The graph illustrates gross debt for the Council, actual debt for the 2005/06-2014/15 years and forecast debt for the 2015/16-2025/26 years.  It shows the forecast included in last year's LTP as well as the revised forecast based on the 2016/17 budgets.  This is debt for the Council only; it does not include any debt belonging to Council-owned companies.

 Council Term Debt AP 2016


$ Million 2016/17 Annual Plan Forecast Long Term Plan Forecast
Actual 2005/06 69
2006/07 89
2007/08 114
2008/09 174
2009/10 240
2010/11 326
2011/12 216
2012/13 225
2013/14 219
2014/15 239 248
Forecast 2015/16 220 248
2016/17 219 248
2017/18 217 245
2018/19 216 243
2019/20 211 236
2020/21 202 228
2021/22 188 212
2022/23 170 194
2023/24 151 174
2024/25 131 153
2025/26 113

Group Term Debt

This graph illustrates actual debt for the 2004/05-2014/15 years for the Council, the Forsyth Barr Stadium, other Council-owned companies and the combined group.

Council debt increased in 2010/11 due to the construction of the Stadium and declined in 2011/12 due to the sale of the Stadium to a Council-owned company, Dunedin Venues Limited.

In 2014/15, $30 million of Stadium debt was transferred back to the Council.

 Group Term Debt AP 2016

Financial Year Council Stadium Council Owned Companies (excl Stadium) Total Group
2004/05 60
154 213
2005/06 69
159 228
2006/07 89
157 246
2007/08 114
191 306
2008/09 175
200 374
2009/10 240
258 498
2010/11 326 0 241 567
2011/12 216 148 256 620
2012/13 225 146 252 623
2013/14 220 139 252 610
2014/15 239 104 251 594