ACTUAL AND EXPECTED NEW CAPITAL EXPENDITURE


FINANCIAL YEARS AT CURRENT PRICES

The graphs below show the seven estimates of actual and expected expenditure for each financial year. The estimates appearing below relate to data contained in Tables 5 and 6. Advice about the application of realisation ratios to these estimates is in paragraph 26 to 29 of the Explanatory Notes.

The timing and construction of these estimates are as follows:

	COMPOSITION OF ESTIMATE
Estimate Based on data reported at:	Data on long-term expected expenditure	Data on short-term expected expenditure	Data on actual expenditure
1 Jan-Feb, 5-6 months before period begins	12 months	Nil	Nil
2 Apr-May, 2-3 months before period begins	12 months	Nil	Nil
3 Jul-Aug, at beginning of period	6 months	6 months	Nil
4 Oct-Nov, 3-4 months into period	6 months	3 months	3 months
5 Jan-Feb, 6-7 months into period	Nil	6 months	6 months
6 Apr-May, 9-10 months into period	Nil	3 months	9 months
7 Jul-Aug, at end period	Nil	Nil	12 months

TOTAL CAPITAL EXPENDITURE

Estimate 4 for total capital expenditure for 2014-15 is $153,210m. This is 7.5% lower (-$12,492m) than Estimate 4 for 2013-14. The main contributor to this decrease was Mining (-$17,355m). Estimate 4 is 2.2% higher (+$3,262m) than Estimate 3 for 2014-15. The main contributor to this increase was Other Selected Industries (+$2,594m).

BUILDINGS AND STRUCTURES

Estimate 4 for buildings and structures capital expenditure for 2014-15 is $106,112m. This is 10.8% lower (-$12,863m) than Estimate 4 for 2013-14. The main contributor to this decrease was Mining (-$16,204m). Estimate 4 is 2.2% higher (+$2,270m) than Estimate 3 for 2014-15. The main contributor to this increase was Mining (+$1,214m).

EQUIPMENT, PLANT AND MACHINERY

Estimate 4 for equipment, plant and machinery for 2014-15 is $47,098m. This is 0.8% higher (+$371m) than Estimate 4 for 2013-14. The main contributor to this increase was Other Selected Industries (+$2,212m). Estimate 4 is 2.2% higher (+$993m) than Estimate 3 for 2014-15. The main contributor to this increase is Other Selected Industries (+$1,660m).

MINING

Estimate 4 for Mining for 2014-15 is $86,253m. This is 16.8% lower (-$17,355m) than Estimate 4 for 2013-14. Buildings and structures is 17.5% lower (-$16,204m) and equipment, plant and machinery is 10.6% lower (-$1,151m) than Estimate 4 for 2013-14. Estimate 4 is 0.4% higher (+$326m) than Estimate 3 for 2014-15.

MANUFACTURING

Estimate 4 for Manufacturing for 2014-15 is $8,394m. This is 10.9% lower (-$1,028m) than Estimate 4 for 2013-14. Equipment, plant and machinery is 10.8% lower (-$690m) and buildings and structures is 11.1% lower (-$337m) than Estimate 4 for 2013-14. Estimate 4 is 4.2% higher (+$341m) than Estimate 3 for 2014-15.

OTHER SELECTED INDUSTRIES

Estimate 4 for Other Selected Industries for 2014-15 is $58,562m. This is 11.2% higher (+$5,890m) than Estimate 4 for 2013-14. Buildings and structures is 15.9% higher (+$3,678m) and equipment, plant and machinery is 7.5% higher (+$2,212m) than Estimate 4 for 2013-14. Estimate 4 is 4.6% higher (+$2,594m) than Estimate 3 for 2014-15.