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 paragraphs 27 to 30 of the Explanatory Notes.

TIMING AND CONSTRUCTION OF SEVEN ESTIMATES

		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 of period	Nil	Nil	12 months

TOTAL CAPITAL EXPENDITURE

Estimate 4 for total capital expenditure for 2018-19 is $114,099m. This is 4.4% higher than Estimate 4 for 2017-18. The main contributor to the increase is Other Selected Industries (6.8%). Estimate 4 is 11.3% higher than Estimate 3 for 2018-19. The main contributor to the increase was Other Selected Industries (13.9%).

BUILDINGS AND STRUCTURES

Estimate 4 for buildings and structures for 2018-19 is $66,674m. This is 2.0% higher than Estimate 4 for 2017-18. The main contributor to the increase was Other Selected Industries (8.7%). Estimate 4 is 11.8% higher than Estimate 3 for 2018-19. The main contributor to the increase was Other Selected Industries (15.4%).

EQUIPMENT, PLANT AND MACHINERY

Estimate 4 for equipment, plant and machinery for 2018-19 is $47,425m. This is 8.0% higher than Estimate 4 for 2017-18. The main contributor to this increase is Mining (22.6%). Estimate 4 is 10.6% higher than Estimate 3 for 2018-19. The main contributor to the increase is Other Selected Industries (12.0%).

MINING

Estimate 4 for Mining for 2018-19 is $33,356m. This is 1.1% lower than Estimate 4 for 2017-18. Estimate 4 is 5.7% higher than Estimate 3 for 2018-19. Buildings and structures is 6.9% higher and equipment, plant and machinery is 2.4% higher than the corresponding third estimate for 2018-19.

MANUFACTURING

Estimate 4 for Manufacturing for 2018-19 is $9,725m. This is 7.4% higher than Estimate 4 for 2017-18. Estimate 4 is 13.2% higher than Estimate 3 for 2018-19. Equipment, plant and machinery is 15.4% higher and buildings and structures is 7.9% higher than the corresponding third estimate for 2018-19.

OTHER SELECTED INDUSTRIES

Estimate 4 for Other Selected Industries for 2018-19 is $70,982m. This is 6.8% higher than Estimate 4 for 2017-18. Estimate 4 is 13.9% higher than Estimate 3 for 2018-19. Buildings and structures is 15.4% higher and equipment, plant and machinery is 12.0% higher than the corresponding third estimate for 2018-19.