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| | Jun.1999 | Jun.2000 |  |
| TABLE 53. Victorian Government, Public Non-financial | | |  |
| Corporations, Operating Statement ($m)(a) | | |  |
|
GFS Revenue |
|
|  |
| Sales of goods and services | 3981 | 3227 |  |
| Current grants and subsidies | 509 | 801 |  |
| Capital grants | 442 | 391 |  |
| Interest income | 136 | 76 |  |
| Other | 448 | 266 |  |
| Total | 5516 | 4761 |  |
| less | | |  |
| GFS Expenses | | |  |
| Gross operating expenses | | |  |
| Depreciation | 601 | 464 |  |
| Employee expenses | 840 | 339 |  |
| Other operating expenses | 3454 | 2616 |  |
| Total | 4895 | 3419 |  |
| Property expenses | | |  |
| Dividend expenses | 836 | 578 |  |
| Income tax equivalent expenses | 1477 | 110 |  |
| Interest expenses | 236 | 167 |  |
| Other property expenses | 5 | 2 |  |
| Total | 2555 | 857 |  |
| Current transfers | | |  |
| Grant expenses | 69 | 29 |  |
| Tax expenses | 76 | 46 |  |
| Other current transfers | | |  |
| Capital transfers | 19 | 25 |  |
| Total | 7613 | 4376 |  |
| equals | | |  |
| GFS Net Operating Balance | -2098 | 385 |  |
| less | | |  |
| Net acquisition of non-financial assets | | |  |
| Gross fixed capital formation | 1283 | 944 |  |
| less Depreciation | 601 | 464 |  |
| plus Change in inventories | -27 | -21 |  |
| plus Other transactions in non-financial assets | 56 | 19 |  |
| Total | 711 | 478 |  |
| equals | | |  |
| GFS Net lending(+)/borrowing(-) | -2809 | -93 |  |
(a) Data based on the latest published information for |
|
|  |
| each jurisdiction. The Victorian Government has | | |  |
| released post-budget data for 1999-2000, which are | | |  |
| not reflected in the estimates. | | |  |
|