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1384.6 - Statistics - Tasmania, 2006  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 13/09/2002   
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Local government has low net debt levels. The net worth is largely driven by the non-financial assets, particular the local road and water and sewerage infrastructure.

LOCAL TOTAL PUBLIC SECTOR BALANCE SHEET, Tasmania

1998-99
1999-2000
2000-01

Purpose
$m
$m
$m

Assets
Financial Assets
Cash and Deposits
60
67
40
Advances paid
4
3
3
Investments, loans and placements
79
73
101
Other non-equity assets
45
48
45
Total
187
192
190

Non-financial assets
Land and fixed assets
3,751
3,817
3,955
Other non-financial assets
1
8
4
Total
3,752
3,826
3,958

Total
3,939
4,017
4,148

Liabilities
Deposits held
3
2
3
Borrowing and advances received
210
225
206
Unfunded superannuation liability and other employee entitlements
34
35
35
Other provisions
1
5
6
Other non-equity liabilities
33
37
17
Total
282
304
267

Shares and other contributed capital
1
-1
-

GFS Net Worth
3,657
3,715
3,881

Net Debt
71
83
65

Net financial worth
-95
-111
-77

- 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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