ACTUAL AND EXPECTED NEW CAPITAL EXPENDITURE


FINANCIAL YEARS AT CURRENT PRICES

The graphs below show the seven estimates of actual and expected expenditure for each financial year. The estimates appearing below relate to data contained in Tables 5 and 6. Advice about the application of realisation ratios to these estimates is in paragraph 26 to 29 of the Explanatory Notes.

The timing and construction of these estimates are as follows:

	COMPOSITION OF ESTIMATE
Estimate Based on data reported at:	Data on long-term expected expenditure	Data on short-term expected expenditure	Data on actual expenditure
1 Jan-Feb, 5-6 months before period begins	12 months	Nil	Nil
2 Apr-May, 2-3 months before period begins	12 months	Nil	Nil
3 Jul-Aug, at beginning of period	6 months	6 months	Nil
4 Oct-Nov, 3-4 months into period	6 months	3 months	3 months
5 Jan-Feb, 6-7 months into period	Nil	6 months	6 months
6 Apr-May, 9-10 months into period	Nil	3 months	9 months
7 Jul-Aug, at end period	Nil	Nil	12 months

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TOTAL CAPITAL EXPENDITURE

Estimate 6 for total capital expenditure for 2012-13 is $163,018 million. This is 2.6% higher than Estimate 6 for 2011-12. The main contributor to this increase was Mining (13.8%). Estimate 6 is 2.0% lower than Estimate 5 for 2012-13. The main contributor to this decrease was Mining (-5.2%).

Estimate 2 for total capital expenditure for 2013-14 is $156,467 million. This is 9.8% lower than Estimate 2 for 2012-13. The main contributor to this decrease was Mining (-14.6%). Estimate 2 is 3.4% higher than Estimate 1 for 2013-14. The main contributors to this increase were Mining (2.7%) and Other Selected Industries (4.5%).

BUILDINGS AND STRUCTURES

Estimate 6 for buildings and structures for 2012-13 is $108,186 million. This is 6.1% higher than Estimate 6 for 2011-12. The main contributor to this increase was Mining (16.3%). Estimate 6 for buildings and structures is 4.6% lower than Estimate 5 for 2012-13. The main contributor to this decrease was Mining (-5.7%).

Estimate 2 for buildings and structures for 2013-14 is $113,646 million. This is 9.3% lower than Estimate 2 for 2012-13. The main contributor to this decrease was Mining (-12.6%). Estimate 2 for buildings and structures is 3.5% higher than Estimate 1 for 2013-14. The main contributors to this increase were Mining (3.0%) and Other Selected Industries (5.2%).

EQUIPMENT, PLANT AND MACHINERY

Estimate 6 for equipment, plant and machinery for 2012-13 is $54,832 million. This is 3.8% lower than Estimate 6 for 2011-12. The main contributors to this decrease were Other Selected Industries (-4.4%) and Manufacturing (-11.3%). Estimate 6 for equipment, plant and machinery is 3.7% higher than Estimate 5 for 2012-13. The main contributor to this increase was Other Selected Industries (6.0%).

Estimate 2 for equipment, plant and machinery for 2013-14 is $42,821 million. This is 11.1% lower than Estimate 2 for 2012-13. The main contributor to this decrease was Mining (-26.4%). Estimate 2 for equipment, plant and machinery is 3.2% higher than Estimate 1 for 2013-14. The main contributor to this increase was Other Selected Industries (3.9%).

MINING

Estimate 6 for Mining for 2012-13 is $98,268 million. This is 13.8% higher than the corresponding estimate for 2011-12. Estimate 6 is 5.2% lower than Estimate 5 for 2012-13. Buildings and structures is 5.7% lower and equipment, plant and machinery is 2.0% lower than the corresponding fifth estimates for 2012-13.

Estimate 2 for Mining for 2013-14 is $101,897 million. This is 14.6% lower than the corresponding estimate for 2012-13. Estimate 2 is 2.7% higher than Estimate 1 for 2013-14. Buildings and structures is 3.0% higher and equipment, plant and machinery is 0.9% higher than the corresponding first estimates for 2013-14.

MANUFACTURING

Estimate 6 for Manufacturing for 2012-13 is $9,672 million. This is 27.4% lower than the corresponding estimate for 2011-12. Estimate 6 is 5.1% higher than Estimate 5 for 2012-13. Buildings and structures is 3.8% higher and equipment, plant and machinery is 5.7% higher than the corresponding fifth estimates for 2012-13.

Estimate 2 for Manufacturing for 2013-14 is $8,366 million. This is 19.5% lower than the corresponding estimate for 2012-13. Estimate 2 is 6.7% higher than Estimate 1 for 2013-14. Buildings and structures is 8.7% higher and equipment, plant and machinery is 5.7% higher than the corresponding first estimates for 2013-14.

OTHER SELECTED INDUSTRIES

Estimate 6 for Other Selected Industries for 2012-13 is $55,078 million. This is 7.1% lower than the corresponding estimate for 2011-12. The main contributor to this decrease was Transport, Postal and Warehousing (-26.3%). Estimate 6 is 3.0% higher than Estimate 5 for 2012-13. Buildings and structures is 1.3% lower while equipment, plant and machinery is 6.0% higher than the corresponding fifth estimates for 2012-13.

Estimate 2 for Other Selected Industries for 2013-14 is $46,204 million. This is 5.6% higher than the corresponding estimate for 2012-13. The main contributors to this increase were Rental, Hiring and Real Estate Services (28.1%) and Transport, Postal and Warehousing (8.9%). Estimate 2 is 4.5% higher than Estimate 1 for 2013-14. Buildings and structures is 5.2% higher and equipment, plant and machinery is 3.9% higher than the corresponding first estimates for 2013-14.