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1301.0 - Year Book Australia, 2003  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 24/01/2003   
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Contents >> Government Finance >> General government, all Australian governments combined

This section sets out the Operating Statement, Cash Flow Statement and Balance Sheet for the general government sector for all Australian governments combined.

Operating Statement

Table 27.4 provides an Operating Statement for the general government sector for 2000-01.

In 2000-01 the GFS NOBs for the general government sector for all Australian governments combined was $7,939m. The two largest contributors to this result were the NOB for the Commonwealth Government and the state governments of $4,807m and $1,950m respectively.

GFS Net Lending for the general government sector for all Australian governments combined was $4,737m. The Commonwealth Government and the state governments contributed $5,976m and -$1,204m respectively to the aggregate result.


27.4 ALL AUSTRALIAN GOVERNMENTS, General government: Operating Statement - 2000-01

Commonwealth
Multi-
jurisdictional(a)
State
Local
All Australian governments(b)
$m
$m
$m
$m
$m

GFS Revenue
Taxation revenue
175,010
-
32,604
6,388
213,766
Current grants and subsidies
-
4,295
44,501
2,147
89
Sales of goods and services
3,952
4,382
9,542
5,425
22,241
Interest from public non-financial corporations
60
-
201
-
262
Interest from public financial corporations
702
26
498
47
1,272
Interest from other sources
842
263
1,439
385
2,662
Dividend income
2,242
42
3,105
4
5,393
Other
2,570
675
9,129
2,529
11,170
Total
185,379
9,683
101,019
16,925
256,855
less
GFS Expenses
Gross operating expenses
Depreciation
1,464
649
4,750
3,537
10,400
Employee expenses
12,816
5,298
41,213
5,296
64,620
Other operating expenses
32,936
2,985
26,751
6,280
67,876
Total
47,216
8,932
72,713
15,113
142,897
Nominal superannuation interest expenses
4,878
-
2,456
-
7,334
Other interest expenses
6,220
27
2,760
415
9,155
Other property expenses
-
-
-
-
-
Current transfers
Grant expenses to state governments
44,314
1
180
-
180
Grant expenses to the private sector
6,083
27
8,278
19
14,406
Grant expenses to universities
4,118
-
125
-
-
Grant expenses to local governments
102
-
1,917
-
-
Grant expenses n.e.c.
-
-
11
-
1
Subsidy expenses to public corporations
287
-
3,665
-
3,952
Subsidy expenses to other
3,707
8
881
-
4,580
Other current transfers
60,085
331
1,341
141
61,455
Capital transfers
Grant expenses to public non-financial corporations
-
-
1,282
-
1,282
Grant expenses to public financial corporations
-
-
-
-
-
Grant expenses to other levels of government
2,468
-
720
-
-
Grant expenses n.e.c.
1,096
-
2,380
23
3,499
Other capital transfers
-
5
362
15
175
Total
180,572
9,330
99,070
15,726
248,916
equals
GFS Net Operating Balance
4,807
353
1,950
1,199
7,939
less
Net acquisition of non-financial assets
Gross fixed capital formation
759
936
7,763
4,310
13,806
less Depreciation
1,464
649
4,750
3,537
10,400
plus Change in inventories
1,042
6
-19
-12
1,017
plus Other transactions in non-financial assets
-1,506
34
160
89
-1,220
Total
-1,168
326
3,154
850
3,202
equals
GFS Net Lending(+)/Borrowing(-)
5,976
27
-1,204
349
4,737

(a) The multi-jurisdictional sector currently contains only universities.
(b) The sums of individual levels of government may not agree with total figures for all Australian governments due to transfers between levels of government.

Source: Government Finance Statistics, Australia, 2000-01 (5512.0).


Cash Flow Statement

As table 27.5 shows, in 2000-01 the general government sector for all Australian governments combined recorded a cash surplus of $8,473m. The Commonwealth Government and state governments contributed surpluses of $5,625m and $2,810m to this result respectively. Negative figures denote outflows.


27.5 ALL AUSTRALIAN GOVERNMENTS, General government: Cash Flow Statement - 2000-01

Commonwealth
Multi-
jurisdictional(a)
State
Local
All Australian governments(b)
$m
$m
$m
$m
$m

CASH FLOW STATEMENT

Cash receipts from operating activities
Taxes received
169,713
-
32,207
6,302
205,279
Receipts from sales of goods and services
3,889
3,575
8,890
5,495
20,417
Grants and subsidies received
-
4,443
47,066
2,913
307
Interest received from public non-financial corporations
50
-
246
-
297
Interest received from public financial corporations
-
6
514
102
622
Interest from other sources
1,090
261
1,877
352
3,313
Other receipts
5,548
1,284
11,071
1,142
17,388
Total
180,290
9,569
101,871
16,306
247,622
Cash payments for operating activities
Payments for goods and services
-46,660
-7,140
-65,521
-11,236
-125,446
Grants and subsidies paid to state governments
-46,369
-1
-23
-
-
Grants and subsidies paid to the private sector
-10,110
-
-11,393
-30
-21,533
Grants and subsidies paid to universities
-4,127
-
-129
-
-
Grants and subsidies paid to local governments
-109
-
-2,432
-
-
Grants and subsidies paid to public corporations
-433
-
-5,166
-
-5,599
Interest paid
-6,222
-26
-3,284
-408
-9,705
Other payments
-61,670
-1,401
-3,147
-684
-65,313
Total
-175,700
-8,568
-91,094
-12,359
-227,595
Net cash flows from operating activities
4,590
1,001
10,778
3,948
20,026
Net cash flows from investments in non-financial assets
Sales of non-financial assets
2,339
97
731
552
3,719
Purchases of new non-financial assets
-1,245
-1,063
-8,693
-4,195
-15,195
Purchases of secondhand non-financial assets
-
-
-
-3
-2
Total
1,094
-965
-7,962
-3,646
-11,479
Net cash flows from investments in financial assets for policy purposes
5,673
-2
5,914
-163
10,879
Net cash flows from investments in financial assets for liquidity purposes
-5,197
-16
-2,290
-73
-7,263
Net cash flows from financing activities
Advances received (net)
-
46
-388
7
76
Borrowing (net)
-7,929
2
-6,795
-102
-14,810
Deposits received (net)
61
1
-117
-3
-58
Other financing (net)
-680
-1
-87
-1
-682
Total
-8,548
48
-7,386
-100
-15,475
Net Increase(+)/Decrease(-) in Cash Held
-2,388
66
-947
-34
-3,311

SURPLUS(+)/DEFICIT(-)

Net cash flows from operating activities and net cash flows from investments in non-financial assets
5,684
36
2,815
302
8,547
Acquisitions of assets under finance leases and similar arrangements
-59
-2
-6
-7
-74
Surplus(+)/Deficit(-)
5,625
34
2,810
295
8,473

(a) The multi-jurisdictional sector currently contains only universities.
(b) The sums of individual levels of government may not agree with totals for all Australian governments due to transfers between levels of government.
Note: Negative figures denote outflows.

Source: Government Finance Statistics, Australia, 2000-01 (5512.0).


Balance Sheet

The consolidated GFS Net Worth as at 30 June 2001 for the general government sector for all Australian governments combined, as shown in table 27.6, was $387,617m. The most significant assets held were land and fixed assets of $390,047m followed by equity in financial assets of $173,737m. The most significant liabilities were unfunded superannuation liability and other employee entitlements of $142,685m, followed by borrowings of $115,756m.


27.6 ALL AUSTRALIAN GOVERNMENTS, General government: Balance Sheet - 30 June 2001

Commonwealth
Multi-
jurisdictional(a)
State
Local
All Australian governments(b)
$m
$m
$m
$m
$m

Assets
Financial assets
Cash and deposits
1,168
600
5,423
2,117
9,292
Advances paid
21,190
9
4,649
8
20,655
Investments, loans and placements
22,996
3,823
23,016
4,534
53,406
Other non-equity assets
12,569
2,607
11,095
1,859
26,240
Equity
52,622
407
120,104
604
173,737
Total
110,545
7,445
164,287
9,122
283,329
Non-financial assets
Land and fixed assets
32,077
17,578
194,084
146,308
390,047
Other non-financial assets
2,090
37
2,236
932
5,293
Total
34,167
17,615
196,320
147,240
395,339
Total
144,713
25,059
360,607
156,362
678,669
Liabilities
Deposits held
293
20
1,262
196
1,754
Advances received
-
24
3,987
43
-
Borrowing
82,111
339
30,128
5,289
115,756
Unfunded superannuation liability and other employee entitlements
85,173
3,565
52,423
1,523
142,685
Other provisions
1,632
4
5,231
84
6,951
Other non-equity liabilities
13,392
1,181
9,554
1,670
23,906
Total
182,601
5,133
102,585
8,804
291,051
GFS Net Worth
-37,889
19,926
258,021
147,558
387,617
Net debt(c)
37,050
-4,048
2,288
-1,132
34,157
Net financial worth(d)
-72,056
2,311
61,701
318
-7,723

(a) The multi-jurisdictional sector currently contains only universities.
(b) The sums of individual levels of government may not agree with total figures for all Australian governments due to assets and liabilities held between levels of government.
(c) Equals deposits held, advances received and borrowing less cash and deposits, advances paid and investments, loans and placements.
(d) Equals total financial assets less total liabilities.

Source: Government Finance Statistics, Australia, 2000-01 (5512.0).


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