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BALANCE SHEET RESULTS


BALANCE SHEET RESULTS

GFS net worth reflects the contribution of governments to the wealth of Australia. The consolidated net worth as at 30 June 2010 for All Levels of Government was $932,528m.

The following table presents 30 June 2010 balance sheet aggregates by sector for the various levels of government.

Balance Sheet Results - At 30 June 2010
		General Government	Non-financial Public Sector	Total Public Sector(a)
		2009-10	2009-10	2009-10
		$m	$m	$m
All Levels of Government
	Total assets	1 546 033	1 666 402	1 837 651
	Total liabilities	613 505	733 874	905 124
	Shares and other contributed capital	-	-	-
	GFS Net worth	932 528	932 528	932 528
Commonwealth Government
	Total assets	326 301	329 852	408 660
	Total liabilities	367 887	371 438	450 247
	Shares and other contributed capital	-	-	-
	GFS Net worth	-41 587	-41 587	-41 587
State and Local Government
	Total assets	1 181 907	1 298 117	1 396 089
	Total liabilities	243 682	359 891	457 864
	GFS Net worth	938 226	938 226	938 226
Multi-jurisdictional(b)
	Total assets	47 241	49 395	49 395
	Total liabilities	11 352	12 050	12 050
	GFS Net worth	35 889	35 889	35 889
- 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.