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:

TOTAL CAPITAL EXPENDITURE

Estimate 7 for total capital expenditure in 2016-17 is $114,281m. This is 10.5% lower than Estimate 7 for 2015-16. The main contributor to this decrease is Mining (-27.6%). Estimate 7 is 1.0% higher than Estimate 6 for 2016-17. The main contributor to this increase is Other Selected Industries (2.1%).

Estimate 3 for total capital expenditure for 2017-18 is $101,783m. This is 3.6% lower than Estimate 3 for 2016-17. The main contributor to the decrease is Mining (-22.2%). Estimate 3 is 17.6% higher than Estimate 2 for 2017-18. The main contributor to the increase was Other Selected Industries (19.4%).

BUILDINGS AND STRUCTURES

Estimate 7 for buildings and structures in 2016-17 is $64,922m. This is 15.8% lower than Estimate 7 for 2015-16. The main contributor to this decrease is Mining (-30.2%). Estimate 7 for buildings and structures is 1.4% lower than Estimate 6 for 2016-17. The main contributor to this decrease is Other Selected Industries (-3.2%).

Estimate 3 for buildings and structures for 2017-18 is $61,348m. This is 4.8% lower than Estimate 3 for 2016-17. The main contributor to the decrease was Mining (-27.0%). Estimate 3 is 17.4% higher than Estimate 2 for 2017-18. The main contributor to the increase was Other Selected Industries (18.7%).

EQUIPMENT, PLANT AND MACHINERY

Estimate 7 for equipment, plant and machinery for 2016-17 is $49,360m. This is 2.4% lower than Estimate 7 for 2015-16. The main contributor to this decrease is Other Selected Industries (-1.7%). Estimate 7 is 4.3% higher than Estimate 6 for 2016-17. The main contributor to this increase is Other Selected Industries (6.8%).

Estimate 3 for equipment, plant and machinery for 2017-18 is $40,435m. This is 1.8% lower than Estimate 3 for 2016-17. The main contributor to this decrease is Other Selected Industries (-2.0%). Estimate 3 is 17.9% higher than Estimate 2 for 2017-18. The main contributor to the increase is Other Selected Industries (20.2%).

MINING

Estimate 7 for Mining for 2016-17 is $38,668m. This is 27.6% lower than Estimate 7 for 2015-16. Estimate 7 is 1.0% lower than Estimate 6 for 2016-17. Buildings and structures is 0.2% higher and equipment, plant and machinery is 8.0% lower than the corresponding sixth estimate for 2016-17.

Estimate 3 for Mining for 2017-18 is $32,058m. This is 22.2% lower than Estimate 3 for 2016-17. Estimate 3 is 12.8% higher than Estimate 2 for 2017-18. Buildings and structures is 15.6% higher and equipment, plant and machinery is 3.0% higher than the corresponding second estimate for 2017-18.

MANUFACTURING

Estimate 7 for Manufacturing for 2016-17 is $8,902m. This is 3.9% higher than Estimate 7 for 2015-16. Estimate 7 is 1.1% higher than Estimate 6 for 2016-17. Equipment, plant and machinery is 2.4% higher and buildings and structures is 2.3% lower than the corresponding sixth estimate for 2016-17.

Estimate 3 for Manufacturing for 2017-18 is $8,282m. This is 2.6% lower than Estimate 3 for 2016-17. Estimate 3 is 24.2% higher than Estimate 2 for 2017-18. Equipment, plant and machinery is 26.6% higher and buildings and structures is 18.8% higher than the corresponding second estimate for 2017-18.

OTHER SELECTED INDUSTRIES

Estimate 7 for Other Selected Industries for 2016-17 is $66,712m. This is 1.5% higher than Estimate 7 for 2015-16. Estimate 7 is 2.1% higher than Estimate 6 for 2016-17. Equipment, plant and machinery is 6.8% higher and buildings and structures is 3.2% lower than the corresponding sixth estimate for 2016-17.

Estimate 3 for Other Selected Industries for 2017-18 is $61,443m. This is 10.0% higher than Estimate 3 for 2016-17. Estimate 3 is 19.4% higher than Estimate 2 for 2017-18. Equipment, plant and machinery is 20.2% higher and buildings and structures is 18.7% higher than the corresponding second estimate for 2017-18.