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1384.6 - Statistics - Tasmania, 2005  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 13/09/2002   
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Between 1998-99 and 2001-02, the net worth of the total public sector increased by $1,007 million, largely flowing from the reduction in net debt by $811 million. Net debt is calculated as the sum of liabilities in the form deposits held, advances received and borrowing, less assets in the form of cash and deposits, advances paid, and investments loans and placements.

STATE TOTAL PUBLIC SECTOR BALANCE SHEET, Tasmania

1998-99
1999-2000
2000-01

Purpose
$m
$m
$m

Assets
Financial Assets
Cash and Deposits
109
254
27
Advances paid
122
125
107
Investments, loans and placements
1,806
2,121
2,263
Other non-equity assets
344
272
335
Equity
86
76
94
Total
2,467
2,848
2,827

Non-financial assets
Land and fixed assets
10,730
11,065
11,125
Other non-financial assets
27
16
16
Total
10,757
11,081
11,141

Total
13,223
13,929
13,969

Liabilities
Deposits held
107
117
135
Advances received
612
470
355
Borrowing
3,999
4,084
3,778
Unfunded superannuation and other employee entitlements
2,264
2,243
2,367
Other provisions
716
742
802
Other non-equity liabilities
330
285
331
Total
8,028
7,941
7,769

Shares and other contributed capital
-
-
-

GFS Net Worth
5,194
5,987
6,201

Net Debt
2,682
2,172
1,871

Net financial worth
-5,562
-5,094
-4,941

- nil or rounded to zero

Source: Government Finance Statistics, Australia (Cat. no. 5512.0) and ABS data available on request, Government Finance Statistics Collection.


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