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BALANCE SHEET RESULTS, 2012–13


GFS net worth reflects the contribution of governments to the wealth of Australia. The consolidated net worth as at 30 June 2013 for All Levels of Government was $836,896m.

The following table presents 30 June 2013 balance sheet aggregates by sector for the various levels of government.

Balance Sheet Results, At 30 June 2013
		General Government	Non-financial Public Sector	Total Public Sector(a)
		at 30 June 2013	at 30 June 2013	at 30 June 2013
		$m	$m	$m
All Levels of Government
	Total assets	1 747 879	1 881 613	2 068 694
	Total liabilities	910 982	1 043 113	1 231 798
	Shares and other contributed capital	–	1 603	–
	GFS Net worth	836 896	836 896	836 896
Commonwealth Government
	Total assets	371 458	377 723	471 311
	Total liabilities	570 744	577 009	670 597
	Shares and other contributed capital	–	–	–
	GFS Net worth	–199 287	–199 287	–199 287
State and Local Government
	Total assets	1 330 673	1 458 989	1 558 357
	Total liabilities	337 034	463 747	564 718
	Shares and other contributed capital	–	1 603	–
	GFS Net worth	993 639	993 639	993 639
Multi-jurisdictional(b)
	Total assets	59 120	61 470	61 470
	Total liabilities	16 576	17 223	17 223
	Shares and other contributed capital	–	1 703	1 703
	GFS Net worth	42 544	42 544	42 544
– nil or rounded to zero (including null cells)
(a) The Total Public sector comprises General Government, Public Non-Financial Corporations and Public Financial Corporations. The sum of individual levels of government or sectors may not agree with The Total Public Sector figures due to transfers between level of government.
(b) The Multi-jurisdictional sector contains units where jurisdiction is shared between two or more governments, or classification of a unit to a jurisdiction is otherwise unclear. The main types of units currently falling into this category are the public universities.