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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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The net worth of the general government sector increased over the period 1998-99 to 2000-01. The major contributors to the growth were the increase in the general government sector's equity in the public non-financial corporations sector, and the decrease in net debt. 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 GENERAL GOVERNMENT BALANCE SHEET, Tasmania

1998-99
1999-2000
2000-01

Purpose
$m
$m
$m

Assets
Financial Assets
Cash and Deposits
441
662
808
Advances paid
251
184
149
Investments, loans and placements
10
1
1
Other non-equity assets
73
71
91
Equity
3,191
3,512
3,666
Total
3,966
4,430
4,715

Non-financial assets
Land and fixed assets
5,509
5,564
5,511
Other non-financial assets
2
2
5
Total
5,510
5,566
5,516

Total
9,476
9,996
10,232

Liabilities
Deposits held
31
17
20
Advances received
614
475
360
Borrowing
1,589
1,499
1,532
Unfunded superannuation and other employee entitlements
1,924
1,899
2,014
Other provisions
-
-
1
Other non-equity liabilities
123
119
105
Total
4,282
4,008
4,032

GFS Net Worth
5,194
5,988
6,200

Net Debt
1,532
1,143
953

Net financial worth
-316
422
684

- 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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