1301.0 - Year Book Australia, 2005  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 21/01/2005   
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Contents >> Government finance >> General government, all levels of government combined

This section sets out the Operating Statement, Cash Flow Statement and Balance Sheet for the general government sector for all levels of government.

Operating Statement

Table 27.4 presents an Operating Statement for the general government sector for 2002-03.

In 2002-03 the GFS NOB for the general government sector for all levels of government combined was $11,467m, indicating that GFS operating revenue exceeded GFS operating expenses. The largest contributor to this result was the NOB for the Commonwealth Government of $6,212m.

GFS Net Lending for the general government sector for all levels of government combined was $8,425m. The Commonwealth Government and the state governments contributed $6,430m and $2,096m respectively to the aggregate result.


27.4 ALL LEVELS OF GOVERNMENT, General government: Operating Statement - 2002-03

Commonwealth
Multi-
jurisdictional(a)
State
Local
All levels of government(b)
$m
$m
$m
$m
$m

GFS Revenue
Taxation revenue
194,313
-
36,322
7,201
237,477
Current grants and subsidies
-
4,858
52,831
2,202
1,397
Sales of goods and services
3,805
5,692
10,491
6,148
24,346
Interest from public non-financial corporations
-
-
167
-
167
Interest from public financial corporations
468
14
434
56
971
Interest from other sources
717
173
483
356
1,518
Dividend income
3,958
50
3,263
40
7,312
Other
2,928
864
9,768
3,152
13,399
Total
206,189
11,651
113,760
19,156
286,586
less
GFS Expenses
Gross operating expenses
Depreciation
1,795
764
5,678
3,746
11,983
Employee expenses
15,048
6,160
47,591
6,167
74,962
Other operating expenses
36,577
3,987
28,983
7,054
74,707
Total
53,420
10,911
82,253
16,967
161,652
Nominal superannuation interest expenses
5,409
-
3,081
-
8,490
Other interest expenses
4,890
39
2,265
383
7,358
Other property expenses
-
-
-
-
-
Current transfers
Grant expenses to state governments
51,172
1
561
-
561
Grant expenses to the private sector
7,181
48
10,158
77
17,464
Grant expenses to universities
4,381
-
191
-
-
Grant expenses to local governments
274
-
1,780
-
-
Grant expenses n.e.c.
184
-
1
-
185
Subsidy expenses to public corporations
68
-
3,986
32
4,086
Subsidy expenses to other
5,149
11
963
-
6,121
Other current transfers
64,670
362
1,531
91
66,314
Capital transfers
Grant expenses to public non-financial corporations
-
-
893
7
900
Grant expenses to public financial corporations
-
-
21
-
21
Grant expenses to other levels of government
2,596
-
513
-
-
Grant expenses n.e.c.
585
-
986
14
1,585
Other capital transfers
-
3
378
19
382
Total
199,978
11,376
109,562
17,591
275,120
equals
GFS Net Operating Balance
6,212
275
4,199
1,565
11,467
less
Net acquisition of non-financial assets
Gross fixed capital formation
2,530
932
7,939
4,653
16,055
less Depreciation
1,795
764
5,678
3,746
11,983
plus Change in inventories
-443
-8
24
-9
-435
plus Other transactions in non-financial assets
-511
-16
-182
115
-594
Total
-219
144
2,102
1,014
3,042
equals
GFS Net Lending(+)/Borrowing(-)
6,430
131
2,096
552
8,425

(a) The multi-jurisdictional sector contains units where jurisdiction is shared between two or more governments, or classifications of a unit to a jurisdiction is otherwise unclear. The main type of units currently falling into this category are the public universities.
(b) The sums of individual levels of government may not agree with total figures for all levels of government due to transfers between levels of government.

Source: Government Finance Statistics, Australia, 2002-03 (5512.0).


Cash Flow Statement

Table 27.5 shows the general government sector for all levels of government combined recorded a cash surplus of $11,134m in 2002-03. On a consolidated basis, the Commonwealth Government recorded a surplus of $7,404m while the state and territory governments collectively contributed $4,639m to the overall surplus.


27.5 ALL LEVELS OF GOVERNMENT, General government: Cash Flow Statement - 2002-03

Commonwealth
Multi-
jurisdictional(a)
State
Local
All levels of government(b)
$m
$m
$m
$m
$m

CASH FLOW STATEMENT

Cash receipts from operating activities
Taxes received
191,374
-
35,897
7,200
234,135
Receipts from sales of goods and services
3,674
4,980
10,563
5,959
23,303
Grants and subsidies received
-
4,942
55,823
2,685
1,364
Interest received from public non-financial corporations
-
-
160
-
160
Interest received from public financial corporations
468
3
427
55
953
Interest from other sources
514
129
967
377
1,775
Other receipts
6,782
1,509
11,600
1,713
19,406
Total
202,812
11,563
115,437
17,989
281,098
Cash payments for operating activities
Payments for goods and services
-51,854
-8,695
-76,132
-13,344
-148,156
Grants and subsidies paid to state governments
-53,718
-19
-1
-
-
Grants and subsidies paid to the private sector
-12,382
-
-12,595
-73
-25,031
Grants and subsidies paid to universities
-4,429
-
-100
-
-
Grants and subsidies paid to local governments
-276
-
-2,436
-15
-15
Grants and subsidies paid to public corporations
-252
-
-5,481
-
-5,733
Interest paid
-4,623
-42
-2,228
-385
-7,063
Other payments
-65,825
-1,707
-4,167
-290
-69,468
Total
-193,359
-10,444
-103,141
-14,107
-255,466
Net cash flows from operating activities
9,453
1,119
12,297
3,881
25,632
Net cash flows from investments in non-financial assets
Sales of non-financial assets
1,258
284
1,657
774
3,973
Purchases of new non-financial assets
-3,306
-1,198
-8,969
-4,650
-18,123
Purchases of secondhand non-financial assets
-
-
-
-1
-1
Total
-2,048
-914
-7,312
-3,877
-14,151
Net cash flows from investments in financial assets for policy purposes
-229
10
267
18
-65
Net cash flows from investments in financial assets for liquidity purposes
-1,743
-65
-1,764
44
-3,526
Net cash flows from financing activities
Advances received (net)
-
-1
-49
1
86
Borrowing (net)
-6,012
11
-2,195
-65
-8,244
Deposits received (net)
107
1
-23
38
101
Other financing (net)
580
78
-127
-538
1,118
Total
-5,325
89
-2,394
-564
-6,938
Net Increase(+)/Decrease(-) in Cash Held
108
238
1,095
-497
951

SURPLUS(+)/DEFICIT(-)

Net cash flows from operating activities and net cash flows from investments in non-financial assets
7,405
205
4,985
5
11,481
Acquisitions of assets under finance leases and similar arrangements
-1
-
-346
-1
-347
Surplus(+)/Deficit(-)
7,404
205
4,639
4
11,134

(a) The multi-jurisdictional sector contains units where jurisdiction is shared between two or more governments, or classifications of a unit to a jurisdiction is otherwise unclear. The main type of units currently falling into this category are the public universities.
(b) The sums of individual levels of government may not agree with totals for all levels of government due to transfers between levels of government.
Note: Negative figures denote outflows.


Source: Government Finance Statistics, Australia, 2002-03 (5512.0).


Balance Sheet

GFS Net Worth reflects the contribution of governments to the wealth of Australia. The consolidated GFS Net Worth at 30 June 2003 for the general government sector for all levels of government combined was $444,790m (table 27.6). The most significant assets held were land and fixed assets of $440,848m followed by equity in financial assets of $189,163m. The most significant liabilities were unfunded superannuation liability and other employee entitlements of $171,675m, followed by borrowings of $105,360m.


27.6 ALL LEVELS OF GOVERNMENT, General government: Balance Sheet - 30 June 2003

Commonwealth
Multi-
jurisdictional(a)
State
Local
All levels of government(b)
$m
$m
$m
$m
$m

Assets
Financial assets
Cash and deposits
2,339
893
7,456
2,857
13,541
Advances paid
22,531
9
4,486
10
22,250
Investments, loans and placements
21,805
4,170
28,365
5,264
59,582
Other non-equity assets
18,829
3,250
13,099
1,699
34,454
Equity
44,381
431
143,730
622
189,163
Total
109,886
8,754
197,136
10,452
318,990
Non-financial assets
Land and fixed assets
35,996
19,944
228,496
156,412
440,848
Other non-financial assets
222
119
2,974
1,388
4,693
Total
36,218
20,063
231,470
157,800
445,540
Total
146,104
28,817
428,606
168,252
764,530
Liabilities
Deposits held
2,480
16
1,370
249
4,110
Advances received
-
16
3,775
46
-
Borrowing
72,440
652
28,073
5,168
105,360
Unfunded superannuation liability and other employee entitlements
97,253
4,377
68,399
1,645
171,675
Other provisions
2,689
30
7,996
239
10,954
Other non-equity liabilities
17,547
1,164
9,623
1,743
27,642
Total
192,410
6,255
119,234
9,091
319,741
GFS Net Worth
-46,307
22,563
309,372
159,162
444,790
Net debt(c)
28,244
-4,389
-7,090
-2,668
14,098
Net financial worth(d)
-82,524
2,499
77,902
1,362
-751

(a) The multi-jurisdictional sector contains units where jurisdiction is shared between two or more governments, or classifications of a unit to a jurisdiction is otherwise unclear. The main type of units currently falling into this category are the public universities.
(b) The sums of individual levels of government may not agree with total figures for all levels of government 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. While Net financial worth should add across levels of government, small discrepancies may remain due to the difficulties in accurately identifying the parties and counter-parties associated with financial assets and liabilities.

Source: Government Finance Statistics, Australia, 2002-03 (5512.0).



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