ACTUAL AND EXPECTED NEW CAPITAL EXPENDITURE


FINANCIAL YEARS AT CURRENT PRICES

The graphs below show the seven estimates of actual and expected expenditure for each financial year. The estimates appearing below relate to data contained in Tables 5 and 6. Advice about the application of realisation ratios to these estimates is in paragraphs 26 to 29 of the Explanatory Notes.

The timing and construction of these estimates are as follows:

TOTAL CAPITAL EXPENDITURE

Estimate 5 for total capital expenditure for 2009-10 is $110,636 million. This is 0.4% higher than Estimate 5 for 2008-09. The main contributors to this increase, by industry, were Construction (57.1% higher than the corresponding previous estimate) and Other Selected Services (18.7%). Estimate 5 is 6.7% higher than Estimate 4 for 2009-10. By major industry group, the main contributors to this rise were Mining (9.4%) and Other selected industries (6.1%).

Estimate 1 for total capital expenditure for 2010-11 is $101,393 million. This is 15.3% higher than Estimate 1 for 2009-10. By industry, Mining was the main contributor to this rise. Estimate 1 for Mining is 38.2% higher than the corresponding estimate for 2009-10.






BUILDINGS AND STRUCTURES

Estimate 5 for buildings and structures for 2009-10 is $57,176 million which is 3.3% lower than Estimate 5 for buildings and structures for 2008-09. The main contributor to this fall was Transport and Storage (22.0% lower than the corresponding previous estimate). Estimate 5 for buildings and structures is 5.2% higher than Estimate 4 for 2009-10. The main contributors to this rise were Mining (10.0%) and Rental, Hiring and Real Estate Services (9.0%).

Estimate 1 for buildings and structures for 2010-11 is $62,670 million. This is 31.2% higher than Estimate 1 for 2009-10. The rise in Estimate 1 for Mining (48.4%) was the main contributor to this increase. Estimate 1 for 2010-11 for buildings and structures for Information Media and Telecommunications is 33.5% higher while Transport and Storage is 26.0% lower than corresponding estimates for 2009-10.

EQUIPMENT, PLANT AND MACHINERY

Estimate 5 for equipment, plant and machinery for 2009-10 is $53,460 million. This is 4.7% higher than the corresponding estimate for 2008-09. By industry, the largest contributors to this increase were Construction (59.3% higher than the corresponding previous estimate) and Rental, Hiring and Real Estate Services (26.8%). Estimate 5 for equipment, plant and machinery for 2009-10 is 8.3% higher than for Estimate 4 for 2009-10. The rise between estimates for Construction (30.3%) and Rental, Hiring and Real Estate Services (16.2%) contributed most significantly to this increase.

Estimate 1 for equipment, plant and machinery for 2010-11 is $38,723 million. This is 3.7% lower than the corresponding estimate in the previous year. Weakness in Transport and Storage (-34.2%) was the main contributor to this fall between estimates.

MINING

Estimate 5 for Mining for 2009-10 is $41,306 million. This is 0.9% lower than Estimate 5 for 2008-09. Buildings and structures is 0.2% lower and equipment, plant and machinery is 3.3% lower. Estimate 5 is 9.4% higher than Estimate 4 for 2009-10. Buildings and structures is 10.0% higher and equipment, plant and machinery 7.4% higher than corresponding fourth estimates for 2009-10.

Estimate 1 for Mining for 2010-11 is $49,091 million. This is 38.2% higher than the corresponding estimate for 2009-10. Buildings and structures is 48.4% higher and equipment, plant and machinery is 6.1% higher than corresponding first estimates for 2009-10.

MANUFACTURING

Estimate 5 for Manufacturing for 2009-10 is $12,427 million. This is 3.6% higher than Estimate 5 for 2008-09. Buildings and structures is 3.9% higher and equipment, plant and machinery is 3.4% higher. Estimate 5 is 1.1% higher than Estimate 4 for 2009-10. Buildings and structures is 11.1% lower and equipment, plant and machinery 9.1% higher than corresponding fourth estimates for 2009-10.

Estimate 1 for Manufacturing for 2010-11 is $11,195 million. This is 2.2% lower than Estimate 1 for 2009-10. Building and structures is 13.1% higher while equipment, plant and machinery is 12.5% lower than corresponding first estimates for 2009-10.



OTHER SELECTED INDUSTRIES

Estimate 5 for Other Selected Industries for 2009-10 is $56,903 million. This is 0.6% higher than Estimate 5 for 2008-09. Buildings and structures is 9.0% lower while equipment, plant and machinery is 7.3% higher. Estimate 5 is 6.1% higher than Estimate 4 for 2009-10. Buildings and structures is 2.4% higher and equipment, plant and machinery is 8.4% higher than corresponding fourth estimates for 2009-10.

Estimate 1 for Other Selected Industries for 2010-11 is $41,107 million which is 0.3% higher than the previous Estimate 1. Building and structures is 7.8% higher and equipment, plant and machinery is 4.7% lower than corresponding first estimates for 2009-10.