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BALANCE SHEET RESULTS, 2011–12


GFS net worth reflects the contribution of governments to the wealth of Australia. The consolidated net worth as at 30 June 2012 for All Levels of Government was $724,291m.

The following table presents 30 June 2012 balance sheet aggregates by sector for the various levels of government.

Balance Sheet Results, At 30 June 2012
		General Government	Non–financial Public Sector	Total Public Sector(a)
		2011–12	2011–12	2011–12
		$m	$m	$m
All Levels of Government
	Total assets	1 649 850	1 780 260	1 953 918
	Total liabilities	925 560	1 054 084	1 229 628
	Shares and other contributed capital	–	1 885	–
	GFS Net worth	724 291	724 291	724 291
Commonwealth Government
	Total assets	339 926	344 338	423 874
	Total liabilities	590 241	594 653	674 188
	Shares and other contributed capital	–	–	–
	GFS Net worth	–250 315	–250 315	–250 315
State and Local Government
	Total assets	1 268 387	1 394 848	1 494 668
	Total liabilities	333 113	457 688	559 394
	Shares and other contributed capital	–	1886	–
	GFS Net worth	935 274	935 274	935 274
Multi–jurisdictional(b)
	Total assets	54 209	56 637	56 637
	Total liabilities	14 878	15 425	15 425
	Shares and other contributed capital	–	1881	1881
	GFS Net worth	39 331	39 331	39 331
– 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.