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| | Jun.1999 | Jun.2000 |  |
| TABLE 44. Commonwealth Government, Public Non-financial | | |  |
| Corporations, Operating Statement ($m)(a) | | |  |
|
GFS Revenue |
|
|  |
| Sales of goods and services | 27302 | 24893 |  |
| Current grants and subsidies | 211 | 197 |  |
| Capital grants | | |  |
| Interest income from general government | | |  |
| Interest income from public financial corporation | | |  |
| Interest income from other | 141 | 74 |  |
| Other | 52 | 18 |  |
| Total | 27706 | 25182 |  |
| less | | |  |
| GFS Expenses | | |  |
| Gross operating expenses | | |  |
| Depreciation | 3011 | 3180 |  |
| Employee expenses | 5545 | 5723 |  |
| Other operating expenses | 12584 | 9075 |  |
| Total | 21140 | 17978 |  |
| Property expenses | | |  |
| Dividend expenses | 1392 | 3131 |  |
| Income tax equivalent expenses | | |  |
| Interest expenses | 930 | 867 |  |
| Other property expenses | 601 | 1458 |  |
| Total | 2923 | 5456 |  |
| Current transfers | | |  |
| Grant expenses | | 0 |  |
| Tax expenses | 2014 | 2276 |  |
| Other current transfers | | |  |
| Capital transfers | 1 | |  |
| Total | 26079 | 25711 |  |
| equals | | |  |
| GFS Net Operating Balance | 1628 | -529 |  |
| less | | |  |
| Net acquisition of non-financial assets | | |  |
| Gross fixed capital formation | 4710 | 5623 |  |
| less Depreciation | 3011 | 3180 |  |
| plus Change in inventories | 618 | 1 |  |
| plus Other transactions in non-financial assets | 42 | 78 |  |
| Total | 2358 | 2522 |  |
| equals | | |  |
| GFS Net lending(+)/borrowing(-) | -730 | -3051 |  |
(a) Data based on the latest published budget information for each |
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|  |
| jurisdiction. The Commonwealth Government has released | | |  |
| post-budget data for 1999-2000, which are not reflected in the | | |  |
| estimates. | | |  |
|