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 paragraph 26 to 29 of the Explanatory Notes.

The timing and construction of these estimates are as follows:

	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 period	Nil	Nil	12 months

TOTAL CAPITAL EXPENDITURE

Estimate 5 for total capital expenditure for 2013-14 is $167,066 million. This is 0.5% higher than Estimate 5 for 2012-13. The main contributor to this increase was Other Selected Industries (4.2%). Estimate 5 is 0.8% higher than Estimate 4 for 2013-14. The main contributor to this increase was Other Selected Industries (5.8%).

Estimate 1 for total capital expenditure for 2014-15 is $124,880 million. This 17.4% lower than Estimate 1 for 2013-14. The main contributor to the decrease was Mining (-25.2%).

BUILDINGS AND STRUCTURES

Estimate 5 for buildings and structures for 2013-14 is $118,152 million. This is 4.2% higher than Estimate 5 for 2012-13. The main contributors to this increase were Mining (3.6%) and Other Selected Industries (7.4%). Estimate 5 for buildings and structures is 0.7% lower than Estimate 4 for 2013-14. The main contributors to this decrease were Mining (-1.2%) and Manufacturing (-6.0%).

Estimate 1 for buildings and structures for 2014-15 is $87,944 million. This is 19.9% lower than Estimate 1 for 2013-14. The main contributor to the decrease was Mining (-24.8%).

EQUIPMENT, PLANT AND MACHINERY

Estimate 5 for equipment, plant and machinery for 2013-14 is $48,914 million. This is 7.5% lower than Estimate 5 for 2012-13. The main contributor to this decrease was Mining (-29.0%). Estimate 5 for equipment, plant and machinery is 4.7% higher than Estimate 4 for 2013-14. The main contributor to this increase was Other Selected Industries (9.0%).

Estimate 1 for equipment, plant and machinery for 2014-15 is $36,937 million. This is 11.0% lower than Estimate 1 for 2013-14. The main contributor to the decrease was Mining (-28.4%).

MINING

Estimate 5 for Mining for 2013-14 is $102,422 million. This is 1.2% lower than Estimate 5 for 2012-13. Estimate 5 is 1.1% lower than Estimate 4 for 2013-14. Buildings and structures is 1.2% lower and equipment, plant and machinery is 1.1% lower than the corresponding fourth estimates for 2013-14.

Estimate 1 for Mining for 2014-15 is $74,201 million. This is 25.2% lower than Estimate 1 for 2013-14. Buildings and structures is 24.8% lower and equipment, plant and machinery is 28.4% lower than the corresponding first estimates for 2013-14.

MANUFACTURING

Estimate 5 for Manufacturing for 2013-14 is $8,905 million. This is 3.2% lower than Estimate 5 for 2012-13. Estimate 5 is 5.5% lower than Estimate 4 for 2013-14. Equipment, plant and machinery is 5.2% lower and buildings and structures is 6.0% lower than the corresponding fourth estimates for 2013-14.

Estimate 1 for Manufacturing for 2014-15 is $6,303 million. This is 19.6% lower than Estimate 1 for 2013-14. Buildings and structures is 35.2% lower and equipment, plant and machinery is 11.3% lower than the corresponding first estimates for 2013-14

OTHER SELECTED INDUSTRIES

Estimate 5 for Other Selected Industries for 2013-14 is $55,739 million. This is 4.2% higher than Estimate 5 for 2012-13. Estimate 5 is 5.8% higher than Estimate 4 for 2013-14. Equipment, plant and machinery is 9.0% higher and buildings and structures is 1.8% higher than the corresponding fourth estimates for 2013-14.

Estimate 1 for Other Selected Industries for 2014-15 is $44,376 million. This is 0.4% higher than Estimate 1 for 2013-14. Buildings and structures is 2.6% higher and equipment, plant and machinery is 1.6% lower than the corresponding first estimates for 2013-14