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Between 1998-99 and 2001-02, the net worth of the total public sector increased by $1,007 million, largely flowing from the reduction in net debt by $811 million. Net debt is calculated as the sum of liabilities in the form deposits held, advances received and borrowing, less assets in the form of cash and deposits, advances paid, and investments loans and placements.
STATE TOTAL PUBLIC SECTOR BALANCE SHEET, Tasmania
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| | | 1998-99 | 1999-2000 | 2000-01 |
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Purpose | $m | $m | $m |
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Assets | | | |
| Financial Assets | | | |
| | Cash and Deposits | 109 | 254 | 27 |
| | Advances paid | 122 | 125 | 107 |
| | Investments, loans and placements | 1,806 | 2,121 | 2,263 |
| | Other non-equity assets | 344 | 272 | 335 |
| | Equity | 86 | 76 | 94 |
| | Total | 2,467 | 2,848 | 2,827 |
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| Non-financial assets | | | |
| | Land and fixed assets | 10,730 | 11,065 | 11,125 |
| | Other non-financial assets | 27 | 16 | 16 |
| | Total | 10,757 | 11,081 | 11,141 |
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| Total | 13,223 | 13,929 | 13,969 |
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Liabilities | | | |
| Deposits held | 107 | 117 | 135 |
| Advances received | 612 | 470 | 355 |
| Borrowing | 3,999 | 4,084 | 3,778 |
| Unfunded superannuation and other employee entitlements | 2,264 | 2,243 | 2,367 |
| Other provisions | 716 | 742 | 802 |
| Other non-equity liabilities | 330 | 285 | 331 |
| Total | 8,028 | 7,941 | 7,769 |
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Shares and other contributed capital | - | - | - |
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GFS Net Worth | 5,194 | 5,987 | 6,201 |
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Net Debt | 2,682 | 2,172 | 1,871 |
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Net financial worth | -5,562 | -5,094 | -4,941 |
- 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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