The total state public sector includes general government departments and authorities and the public financial and non-financial corporations combined. The financial information is presented on a consolidated basis, which means that transactions and balances between entities within the total public sector are eliminated to avoid double counting.
The Consolidated Financial Statements for the State of Tasmania prepared on the basis of Australian Accounting Standard 31 (AAS31) contain similar information to statistical reports prepared on a GFS basis. However, some significant conceptual differences exist between the two types of report, reflecting the more economic focus of GFS and the more financial focus of AAS31 statements. The Consolidated Financial Statements for the State of Tasmania 2000-01 can be found on the Department of Treasury and Finance web site, http://www.treasury.tas.gov.au