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1301.0 - Year Book Australia, 2007  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 24/01/2007   
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Contents >> Government Finance >> Government financial statements for 2004-05

GOVERNMENT FINANCIAL STATEMENTS FOR 2004-05

The general government institutional sector accounts for most of the revenue raised and expenditure incurred in the public sector in any year.

Tables 27.1, 27.2 and 27.3 present a summary of general government sector financial activities in 2004-05, using GFS statements.


27.1 OPERATING STATEMENT: GENERAL GOVERNMENT - 2004-05

Commonwealth
State(a)
Local
Multi-jurisdictional(b)
All levels of
government(c)
$m
$m
$m
$m
$m

GFS Revenue
241,885
131,915
21,399
13,305
335,680
GFS Expenses
230,788
125,171
19,441
12,819
316,260
Net Operating Balance
11,097
6,745
1,958
486
19,419
Net acquisition of non-financial assets
154
2,741
2,417
441
5,754
GFS Net Lending(+)/Borrowing(-)
10,942
4,004
-459
45
13,666

(a) Includes Northern Territory and Australian Capital Territory.
(b) The multi-jurisdictional sector contains units where jurisdiction is shared between two or more governments, or classification of a unit to a jurisdiction is otherwise unclear. The main type of units in this category are the public universities.
(c) The sum of individual levels of government may not agree with All levels of government figures due to transfers between levels of government.
Source: Government Finance Statistics, Australia, 2004-05 (5512.0).

27.2 CASH FLOW STATEMENT: GENERAL GOVERNMENT - 2004-05

Commonwealth
State(a)
Local
Multi-jurisdictional (b)
All levels of
government(c)
$m
$m
$m
$m
$m

CASH FLOW STATEMENT

Cash receipts from operating activities
235,196
135,351
20,080
13,883
332,345
Cash payments for operating activities
-220,018
-118,468
-15,523
-11,979
-294,436
Net cash flows from operating activities
15,178
16,883
4,556
1,904
37,909
Net cash flows from investments in non-financial assets
-1,660
-8,797
-5,198
-1,330
-16,977
Net cash flows from investments in financial assets for policy purposes
-1,139
-572
2
1
-1,860
Net cash flows from investments in financial assets for liquidity purposes
-11,015
-5,798
-273
-314
-17,400
Net cash flows from financing activities
-1,148
-852
1,272
-439
-412
Net Increase(+)/Decrease(-) in Cash Held
215
863
359
-178
1,259

SURPLUS(+)/DEFICIT(-)

Net cash flows from operating activities and net cash flow from investments in non-financial assets
13,517
8,086
-642
574
20,931
Acquisitions of assets under financial leases and similar arrangements
-13
-283
-3
-
-299
Surplus(+)/Deficit(-)
13,505
7,803
-645
574
20,632

(a) Includes Northern Territory and Australian Capital Territory.
(b) The multi-jurisdictional sector contains units where jurisdiction is shared between two or more governments, or classifications of a unit to a jurisdiction is otherwise unclear. The main type of units in this category are the public universities.
(c) The sum of individual levels of government may not agree with All levels of government figures due to transfers between levels of government.
Note: Negative figures denote outflows.
Source: Government Finance Statistics, Australia, 2004-05 (5512.0).

27.3 BALANCE SHEET: GENERAL GOVERNMENT - 30 June 2005

Commonwealth
State(a)
Local
Multi-jurisdictional(b)
All levels of
government(c)
$m
$m
$m
$m
$m

Assets
Financial assets
132,180
234,645
12,395
9,844
382,840
Non-financial assets
42,364
279,409
181,820
23,216
526,801
Total
174,544
514,053
194,216
33,061
909,641
Liabilities
200,189
126,721
9,826
6,791
337,293
GFS Net Worth
-25,645
387,333
184,390
26,270
572,347
Net debt(d)
8,688
-21,342
-3,684
-5,310
-21,647
Net financial worth(e)
-68,008
107,924
2,569
3,053
45,547

(a) Includes Northern Territory and Australian Capital Territory.
(b) The multi-jurisdictional sector contains units where jurisdiction is shared between two or more governments, or classifications of a unit to a jurisdiction is otherwise unclear. The main type of units in this category are the public universities.
(c) The sum of individual levels of government may not agree with All levels of government figures due to transfers between levels of government.
(d) Equals deposits held, advances received, Reserve Bank of Australia notes on issue and borrowing less cash and deposits, advances paid, and investments, loans and placements.
(e) Equals total financial assets less total liabilities less shares and other contributed capital. While Net financial worth should add across levels of government, small discrepancies may remain due to the difficulties in accurately identifying the parties and counter-parties associated with financial assets and liabilities.
Source: Government Finance Statistics, Australia, 2004-05 (5512.0).


Tables 27.4, 27.5 and 27.6 present a summary of financial activities for the total public sector in 2004-05, using GFS statements.


27.4 OPERATING STATEMENT: TOTAL PUBLIC SECTOR - 2004-05

Commonwealth
State(a)
Local
Multi-jurisdictional(b)
All levels of
government(c)
$m
$m
$m
$m
$m

GFS Revenue
266,649
163,493
21,418
13,729
391,555
GFS Expenses
253,122
154,046
19,433
13,206
366,779
Net Operating Balance
13,527
9,447
1,985
523
24,774
Net acquisition of non-financial assets
466
7,851
2,460
568
11,345
GFS Net Lending(+)/Borrowing(-)
13,061
1,596
-475
-45
13,431

(a) Includes Northern Territory and Australian Capital Territory.
(b) The multi-jurisdictional sector contains units where jurisdiction is shared between two or more governments, or classification of a unit to a jurisdiction is otherwise unclear. The main type of units in this category are the public universities.
(c) The sum of individual levels of government may not agree with All levels of government figures due to transfers between levels of government.
Source: Government Finance Statistics, Australia, 2004-05 (5512.0).

27.5 BALANCE SHEET: TOTAL PUBLIC SECTOR - 30 June 2005

Commonwealth
State(a)
Local
Multi-jurisdictional(b)
All levels of
government(c)
$m
$m
$m
$m
$m

Assets
Financial assets
172,997
127,651
11,445
10,020
306,444
Non-financial assets
72,245
488,224
183,217
24,928
768,605
Total
245,242
615,875
194,662
34,949
1,075,049
Liabilities
289,534
228,531
10,272
7,675
520,333
Shares and other contributed capital
30,344
-
-
816
31,166
GFS Net Worth
-74,635
387,338
184,390
26,457
523,549
Net debt(d)
5,810
-7,316
-3,415
-4,719
-9,640
Net financial worth(e)
-146,880
-100,886
1,173
1,529
-245,055

(a) Includes Northern Territory and Australian Capital Territory.
(b) The multi-jurisdictional sector contains units where jurisdiction is shared between two or more governments, or classifications of a unit to a jurisdiction is otherwise unclear. The main type of units in this category are the public universities.
(c) The sum of individual levels of government may not agree with All levels of government figures due to transfers between levels of government.
(d) Equals deposits held, advances received, Reserve Bank of Australia notes on issue and borrowing less cash and deposits, advances paid, and investments, loans and placements.
(e) Equals total financial assets less total liabilities less shares and other contributed capital. While Net financial worth should add across levels of government, small discrepancies may remain due to the difficulties in accurately identifying the parties and counter-parties associated with financial assets and liabilities.
Source: Government Finance Statistics, Australia, 2004-05 (5512.0).


27.6 CASH FLOW STATEMENT: TOTAL PUBLIC SECTOR - 2004-05

Commonwealth
State(a)
Local
Multi-jurisdictional(b)
All levels of
government(c)
$m
$m
$m
$m
$m

CASH FLOW STATEMENT

Cash receipts from operating activities
259,947
170,140
20,096
14,326
391,499
Cash payments for operating activities
-238,168
-144,589
-15,539
-12,261
-338,161
Net cash flows from operating activities
21,779
25,550
4,557
2,066
53,336
Net cash flows from investments in non-financial assets
-5,359
-18,675
-5,261
-1,495
-30,781
Net cash flows from investments in financial assets for policy purposes
-983
437
1
1
-770
Net cash flows from investments in financial assets for liquidity purposes
-24,657
-10,134
-273
-314
-35,823
Net cash flows from financing activities
11,044
2,345
1,333
-427
14,621
Net Increase(+)/Decrease(-) in Cash Held
1,824
-478
357
-170
583

SURPLUS(+)/DEFICIT(-)

Net cash flows from operating activities and net cash flow from investments in non-financial assets
15,183
6,873
-704
350
21,317
Acquisitions of assets under financial leases and similar arrangements
-13
-284
-3
-
-300
Surplus(+)/Deficit(-)
15,171
6,589
-708
350
21,017

(a) Includes Northern Territory and Australian Capital Territory.
(b) The multi-jurisdictional sector contains units where jurisdiction is shared between two or more governments, or classifications of a unit to a jurisdiction is otherwise unclear. The main type of units in this category are the public universities.
(c) The sum of individual levels of government may not agree with All levels of government figures due to transfers between levels of government.
Note: Negative figures denote outflows.
Source: Government Finance Statistics, Australia, 2004-05 (5512.0).


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