OBERAC
Encyclopedia
The initials OBERAC stand for: 'operating balance excluding revaluations and accounting changes'.
The government of New Zealand
uses OBERAC as an indicator of current cash flow
.
The OBERAC is not an accurate indicator of what the government has to spend, i.e. it is not the cash surplus. Instead, the OBERAC includes capital expenditure, State Owned Enterprise retained profits, capital gains and many other minor issues.
The government of New Zealand
New Zealand
New Zealand is an island country in the south-western Pacific Ocean comprising two main landmasses and numerous smaller islands. The country is situated some east of Australia across the Tasman Sea, and roughly south of the Pacific island nations of New Caledonia, Fiji, and Tonga...
uses OBERAC as an indicator of current cash flow
Cash flow
Cash flow is the movement of money into or out of a business, project, or financial product. It is usually measured during a specified, finite period of time. Measurement of cash flow can be used for calculating other parameters that give information on a company's value and situation.Cash flow...
.
The OBERAC is not an accurate indicator of what the government has to spend, i.e. it is not the cash surplus. Instead, the OBERAC includes capital expenditure, State Owned Enterprise retained profits, capital gains and many other minor issues.