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| | Jun.1999 | Jun.2000 |  |
| TABLE 56. Queensland Government, Public Non-financial | | |  |
| Corporations, Operating Statement ($m) | | |  |
|
GFS Revenue |
|
|  |
| Sales of goods and services | 6028 | 6126 |  |
| Current grants and subsidies | 1030 | 1060 |  |
| Capital grants | 52 | 63 |  |
| Interest income | 56 | 55 |  |
| Other | 277 | 190 |  |
| Total | 7443 | 7494 |  |
| less | | |  |
| GFS Expenses | | |  |
| Gross operating expenses | | |  |
| Depreciation | 929 | 986 |  |
| Employee expenses | 1249 | 1280 |  |
| Other operating expenses | 3489 | 3248 |  |
| Total | 5668 | 5515 |  |
| Property expenses | | |  |
| Dividend expenses | 473 | 850 |  |
| Income tax equivalent expenses | 409 | 315 |  |
| Interest expenses | 312 | 606 |  |
| Other property expenses | 8 | 4 |  |
| Total | 1202 | 1775 |  |
| Current transfers | | |  |
| Grant expenses | 67 | 8 |  |
| Tax expenses | | |  |
| Other current transfers | 0 | 0 |  |
| Capital transfers | 114 | 18 |  |
| Total | 7051 | 7316 |  |
| equals | | |  |
| GFS Net Operating Balance | 392 | 178 |  |
| less | | |  |
| Net acquisition of non-financial assets | | |  |
| Gross fixed capital formation | 2192 | 1521 |  |
| less Depreciation | 929 | 986 |  |
| plus Change in inventories | 22 | 122 |  |
| plus Other transactions in non-financial assets | 15 | 160 |  |
| Total | 1299 | 817 |  |
| equals | | |  |
| GFS Net lending(+)/borrowing(-) | -907 | -639 |  |
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