|Page tools: Print Page Print All|
MARCH KEY FIGURES
FINANCING RESOURCES AND INVESTMENT, ORIGINAL, CURRENT PRICES
During March quarter 2015, non-financial corporations and households invested $49.6b and $32.5b respectively in capital formation. Non-financial corporations funded these investments mainly through gross saving ($28.7b) and net borrowing ($21.6b). Households funded their investment through gross savings ($38.7b) and remained a net lender ($7.4b) to other sectors. The general government sector invested $11.7b in capital formation funding it mainly through net borrowings of $8.0b.
Graph 1. Total capital formation, current prices
In original terms, national capital formation investment decreased -$17.3b from the December quarter 2014 estimate to reach a total of $96.1b in March quarter 2015. The fall was driven by a decrease in gross fixed capital formation of -$8.9b by the non-financial corporations sector coupled with the household sector (-$3.7b) and the general government sector (-$1.9b). The fall in investment of gross fixed capital formation by the non-financial corporations sector was driven by private non-financial corporations (-$9.0b).
Private non-financial corporations gross fixed capital formation has fallen since peaking in June quarter 2013 ($59.8b), this has been driven by decreased non-dwelling construction investment. Conversely, household sector gross fixed capital formation has continued to grow since March quarter 2013 ($26.7b), this has been driven by increased investment in dwellings.
Graph 2. Net financial investment (Net lending (+) / net borrowing (-))
Source(s): Table 4. National Financial Assets and Liabilities ($ million); Table 6. Financial Assets and Liabilities of Non-Financial Corporations ($ million); Table 14. Financial Assets and Liabilities of Financial Corporations ($ million); Table 27. Financial Assets and Liabilities of General Government ($ million); Table 33. Financial Assets and Liabilities of Households ($ million)
During March quarter 2015, national net borrowing was $10.9b, driven mainly by non-financial corporations borrowing of $21.6b and general government borrowing of $8.0b. By contrast, the financial corporations and household sectors lent $11.3b and $7.4b to other sectors respectively.
Net borrowing of $21.6b by non-financial corporations was a result of incurring $44.9b in liabilities and acquiring $23.3b in financial assets. The increase in liabilities was driven mainly by loan borrowings of $29.3b of which $19.8b was in long term loans. Non-financial corporations issued $16.3b in equities, which also contributed to the increase in liabilities. Financial assets were acquired through an increase in accounts receivable ($15.2b) and deposits in banks ($8.1b).
Net borrowing of $8.0b by general government was a result of incurring $17.5b in liabilities while acquiring $9.5b in financial assets. The general government incurred liabilities through issuance of Commonwealth government bonds ($16.1b) of which majority are held by foreign investors ($11.7b). The general government acquired financial assets through the national general government increasing deposits with the central bank (+$6.3b) and state and local general government increasing deposits with banks ($1.8b).
Net lending of $11.3b by the financial corporations sector was a result of acquiring $68.0b in financial assets and incurring $56.7b in liabilities. The financial corporations sector acquired financial assets through bank ($52.0) and securitisers ($16.6b) loans. Financial liabilities were incurred through acceptance of deposits ($28.4b), an increase in net equity in reserves ($14.0b) and an increase in accounts payable ($8.8b).
Net lending of $7.4b by households was a result of acquiring $30.8b in financial assets while incurring $23.5b in liabilities. Financial assets were acquired through increases in net equity in reserves of pension funds ($13.8b) and deposits with banks ($11.5b). Households incurred financial liabilities through long term loans with securitisers ($16.2b) and banks ($11.1b).
CHANGES TO THIS ISSUE
There are no changes to this issue.
REVISIONS IN THIS ISSUE
There have been revisions to previously published aggregates:
CHANGES IN FUTURE ISSUES
There are no changes to future issues.
For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or National accounts by email <firstname.lastname@example.org>.
These documents will be presented in a new window.