5512.0 - Government Finance Statistics, Australia, 2011-12 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 30/04/2013   
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BALANCE SHEET RESULTS, 2011–12


GFS net worth reflects the contribution of governments to the wealth of Australia. The consolidated net worth as at 30 June 2012 for All Levels of Government was $724,291m.

The following table presents 30 June 2012 balance sheet aggregates by sector for the various levels of government.

Balance Sheet Results, At 30 June 2012

General Government
Non–financial Public Sector
Total Public Sector(a)
2011–12
2011–12
2011–12
$m
$m
$m

All Levels of Government
Total assets
1 649 850
1 780 260
1 953 918
Total liabilities
925 560
1 054 084
1 229 628
Shares and other contributed capital
1 885
GFS Net worth
724 291
724 291
724 291
Commonwealth Government
Total assets
339 926
344 338
423 874
Total liabilities
590 241
594 653
674 188
Shares and other contributed capital
GFS Net worth
–250 315
–250 315
–250 315
State and Local Government
Total assets
1 268 387
1 394 848
1 494 668
Total liabilities
333 113
457 688
559 394
Shares and other contributed capital
1886
GFS Net worth
935 274
935 274
935 274
Multi–jurisdictional(b)
Total assets
54 209
56 637
56 637
Total liabilities
14 878
15 425
15 425
Shares and other contributed capital
1881
1881
GFS Net worth
39 331
39 331
39 331

– 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.