State-owned enterprises (SOEs) in New Zealand are registered companies listed under Schedules 1 and 2 of the State-Owned Enterprises Act 1986. Most SOEs are former government departments or agencies that were corporatised. They are responsible to the Minister of State Owned Enterprises. Many other government-owned companies and statutory trading organisations are referred to informally as "state-owned enterprises" although they are not SOEs in the strictest sense. These are also listed here. Function The function of SOEs is to operate successfully as a business, as profitable as those not owned by the Crown. The section of the Act defining this is usually interpreted as meaning that SOEs are expected to ready themselves for privatisation, though this is not always the case. Two Ministers of the Crown act as the shareholding ministers in the company. In the case of SOEs these are usually the Minister of State Owned Enterprises (see article for list) and the Minister responsible for the particular company. The Crown is assisted in the running of SOEs and other Crown-owned companies by the Treasury's Commercial Operations group (formerly the Crown Ownership Monitoring Unit). List of state enterprises The state enterprises are listed in Schedule 1 of the State-owned Enterprises Act. State-(part-)owned enterprises The following table lists entities that are monitored by Treasury, but are not state enterprises (see table above). For a more complete list of government entities and organisations, see Public sector organisations in New Zealand. Former state-owned enterprises Former state-owned enterprises come in three forms – those removed from the Schedules of the Act and made Crown entities, those removed and not privatised, and those removed and privatised. Well-known SOEs that became Crown entity companies include broadcasting companies Television New Zealand (TVNZ) and Radio New Zealand (RNZ). Timberlands West Coast Limited, wound up in 2008 Learning Media Limited, wound up in 2013 Solid Energy, wound up in 2018 Privatised state-owned enterprises Privatised state-owned enterprises include: Bank of New Zealand (BNZ); sold to National Australia Bank in 1992 Contact Energy – sold to cornerstone shareholder and sharemarket float in 1999 DFC New Zealand Limited – went bankrupt in 1989 and later liquidated Export Guarantee Office Fairway Resolutions GCS Limited – formerly Government Computing Services, purchased by EDS New Zealand Government Printing Office – became GP Print, Whitcoulls, Blue Star Group and Webstar Government Supply Brokerage Corporation (NZ) Limited Health Computing Service National Film Unit – purchased by Peter