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| | Jun.1999 | Jun.2000 |  |
| TABLE 50. New South Wales Government, Public Non-financial | | |  |
| Corporations, Operating Statement ($m)(a) | | |  |
|
GFS Revenue |
|
|  |
| Sales of goods and services | 8860 | 9036 |  |
| Current grants and subsidies | 959 | 988 |  |
| Capital grants | 860 | 751 |  |
| Interest income | 110 | 79 |  |
| Other | 937 | 1195 |  |
| Total | 11726 | 12049 |  |
| less | | |  |
| GFS Expenses | | |  |
| Gross operating expenses | | |  |
| Depreciation | 1372 | 1425 |  |
| Employee expenses | 2847 | 2673 |  |
| Other operating expenses | 4561 | 4810 |  |
| Total | 8780 | 8908 |  |
| Property expenses | | |  |
| Dividend expenses | 785 | 780 |  |
| Income tax equivalent expenses | 416 | 445 |  |
| Interest expenses | 790 | 728 |  |
| Other property expenses | 47 | 65 |  |
| Total | 2038 | 2018 |  |
| Current transfers | | |  |
| Grant expenses | 13 | 24 |  |
| Tax expenses | | |  |
| Other current transfers | 588 | 568 |  |
| Capital transfers | 185 | 67 |  |
| Total | 11604 | 11585 |  |
| equals | | |  |
| GFS Net Operating Balance | 121 | 464 |  |
| less | | |  |
| Net acquisition of non-financial assets | | |  |
| Gross fixed capital formation | 1738 | 2536 |  |
| less Depreciation | 1372 | 1425 |  |
| plus Change in inventories | 138 | 175 |  |
| plus Other transactions in non-financial assets | -32 | -153 |  |
| Total | 473 | 1133 |  |
| equals | | |  |
| GFS Net lending(+)/borrowing(-) | -351 | -669 |  |
(a) Data based on the latest published budget information |
|
|  |
| for each jurisdiction. The New South Wales Government | | |  |
| has released post-budget data for 1999-2000, which are | | |  |
| not reflected in the estimates. | | |  |
|