BALANCE SHEET RESULTS
BALANCE SHEET RESULTS
GFS net worth reflects the contribution of governments to the wealth of Australia. The consolidated net worth as at 30 June 2010 for All Levels of Government was $932,528m.
The following table presents 30 June 2010 balance sheet aggregates by sector for the various levels of government.
Balance Sheet Results - At 30 June 2010 |
|
| | General Government | Non-financial Public Sector | Total Public Sector(a) |
| | 2009-10 | 2009-10 | 2009-10 |
| | $m | $m | $m |
|
All Levels of Government | | | |
| Total assets | 1 546 033 | 1 666 402 | 1 837 651 |
| Total liabilities | 613 505 | 733 874 | 905 124 |
| Shares and other contributed capital | - | - | - |
| GFS Net worth | 932 528 | 932 528 | 932 528 |
Commonwealth Government | | | |
| Total assets | 326 301 | 329 852 | 408 660 |
| Total liabilities | 367 887 | 371 438 | 450 247 |
| Shares and other contributed capital | - | - | - |
| GFS Net worth | -41 587 | -41 587 | -41 587 |
State and Local Government | | | |
| Total assets | 1 181 907 | 1 298 117 | 1 396 089 |
| Total liabilities | 243 682 | 359 891 | 457 864 |
| GFS Net worth | 938 226 | 938 226 | 938 226 |
Multi-jurisdictional(b) | | | |
| Total assets | 47 241 | 49 395 | 49 395 |
| Total liabilities | 11 352 | 12 050 | 12 050 |
| GFS Net worth | 35 889 | 35 889 | 35 889 |
|
- nil or rounded to zero (including null cells) |
(a) The Total Public sector comprises General Government, Public Non-Financial Corporations and Public Financial Corporations. The sum of individual levels of government or sectors may not agree with The Total Public Sector figures due to transfers between level of government. |
(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 types of units currently falling into this category are the public universities. |