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:

TIMING AND CONSTRUCTION OF SEVEN ESTIMATES

Estimate Based on data reported at:		COMPOSITION OF ESTIMATE
		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 of period	Nil	Nil	12 months

TOTAL CAPITAL EXPENDITURE

Estimate 5 for total capital expenditure in 2017-18 is $114,599m. This is 2.5% higher than Estimate 5 for 2016-17. The main contributor to this increase is Other Selected Industries (8.7%). Estimate 5 is 4.9% higher than Estimate 4 for 2017-18. The main contributor to this increase is Mining (10.0%).

Estimate 1 for total capital expenditure for 2018-19 is $84,044m. This is 3.5% higher than Estimate 1 for 2017-18. The main contributor to the increase was Other Selected Industries (8.1%).

BUILDINGS AND STRUCTURES

Estimate 5 for buildings and structures in 2017-18 is $67,511m. This is 1.7% higher than Estimate 5 for 2016-17. The main contributor to this increase is Other Selected Industries (16.7%). Estimate 5 for buildings and structures is 3.3% higher than Estimate 4 for 2017-18. The main contributor to this increase is Mining (11.3%).

Estimate 1 for buildings and structures for 2018-19 is $49,064m. This is 2.7% higher than Estimate 1 for 2017-18. The main contributor to the increase was Other Selected Industries (13.5%).

EQUIPMENT, PLANT AND MACHINERY

Estimate 5 for equipment, plant and machinery for 2017-18 is $47,088m. This is 3.7% higher than Estimate 5 for 2016-17. The main contributor to this increase is Mining (13.5%). Estimate 5 is 7.2% higher than Estimate 4 for 2017-18. The main contributor to this increase is Other Selected Industries (9.3%).

Estimate 1 for equipment, plant and machinery for 2018-19 is $34,981m. This is 4.7% higher than Estimate 1 for 2017-18. The main contributor to the increase was Mining (16.6%).

MINING

Estimate 5 for Mining for 2017-18 is $37,106m. This is 8.3% lower than Estimate 5 for 2016-17. Estimate 5 is 10.0% higher than Estimate 4 for 2017-18. Buildings and structures is 11.3% higher while equipment, plant and machinery is 5.0% higher than the corresponding fourth estimates for 2017-18.

Estimate 1 for Mining for 2018-19 is $25,803m. This is 5.3% lower than Estimate 1 for 2017-18. Buildings and structures is 11.8% lower while equipment, plant and machinery is 16.6% higher than the corresponding first estimates for 2017-18.

MANUFACTURING

Estimate 5 for Manufacturing for 2017-18 is $9,090m. This is 8.5% higher than Estimate 5 for 2016-17. Estimate 5 is 0.4% higher than Estimate 4 for 2017-18. Buildings and structures is 2.3% higher while equipment, plant and machinery is 0.3% lower than the corresponding fourth estimates for 2017-18.

Estimate 1 for Manufacturing for 2018-19 is $6,934m. This is 7.1% higher than Estimate 1 for 2017-18. Buildings and structures is 21.5% higher and equipment, plant and machinery is 1.6% higher than the corresponding first estimates for 2017-18.

OTHER SELECTED INDUSTRIES

Estimate 5 for Other Selected Industries for 2017-18 is $68,403m. This is 8.7% higher than Estimate 5 for 2016-17. Estimate 5 is 2.9% higher than Estimate 4 for 2017-18. Buildings and structures is 2.6% lower and Equipment, plant and machinery is 9.3% higher than the corresponding fourth estimates for 2017-18.

Estimate 1 for Other Selected Industries for 2018-19 is $51,307m. This is 8.1% higher than Estimate 1 for 2017-18. Buildings and structures is 13.5% higher and equipment, plant and machinery is 2.0% higher than the corresponding first estimates for 2017-18.