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 27 to 30 of the Explanatory Notes.
The timing and construction of these estimates are as follows:
TIMING AND CONSTRUCTION OF SEVEN ESTIMATES
| | 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 of period | Nil | Nil | 12 months |
|
TOTAL CAPITAL EXPENDITURE
Estimate 7 for total capital expenditure in 2017-18 is $118,927m. This is 4.0% higher than Estimate 7 for 2016-17. The main contributor to this increase is Other Selected Industries (9.9%). Estimate 7 is 1.0% higher than Estimate 6 for 2017-18. The main contributor to this increase is Other Selected Industries (4.5%).
Estimate 3 for total capital expenditure for 2018-19 is $101,997m. This is 1.1% lower than Estimate 3 for 2017-18. The main contributor to the decrease is Mining (-4.2%). Estimate 3 is 16.1% higher than Estimate 2 for 2018-19. The main contributor to the increase was Other Selected Industries (14.2%).
BUILDINGS AND STRUCTURES
Estimate 7 for buildings and structures in 2017-18 is $66,746m. This is 2.5% higher than Estimate 7 for 2016-17. The main contributor to this increase is Other Selected Industries (19.5%). Estimate 7 for buildings and structures is 2.9% lower than Estimate 6 for 2017-18. The main contributor to this decrease is Mining (-6.6%).
Estimate 3 for buildings and structures for 2018-19 is $59,254m. This is 6.0% lower than Estimate 3 for 2017-18. The main contributor to the decrease was Mining (-11.9%). Estimate 3 is 13.3% higher than Estimate 2 for 2018-19. The main contributor to the increase was Mining (23.6%).
EQUIPMENT, PLANT AND MACHINERY
Estimate 7 for equipment, plant and machinery for 2017-18 is $52,181m. This is 5.8% higher than Estimate 7 for 2016-17. The main contributor to this increase is Mining (27.5%). Estimate 7 is 6.6% higher than Estimate 6 for 2017-18. The main contributor to this increase is Other Selected Industries (8.9%).
Estimate 3 for equipment, plant and machinery for 2018-19 is $42,743m. This is 6.7% higher than Estimate 3 for 2017-18. The main contributor to this increase is Mining (27.0%). Estimate 3 is 20.0% higher than Estimate 2 for 2018-19. The main contributor to the increase is Other Selected Industries (22.2%).
MINING
Estimate 7 for Mining for 2017-18 is $36,052m. This is 7.0% lower than Estimate 7 for 2016-17. Estimate 7 is 5.9% lower than Estimate 6 for 2017-18. Buildings and structures is 12.6% lower and equipment, plant and machinery is 27.5% higher than the corresponding seventh estimate for 2017-18.
Estimate 3 for Mining for 2018-19 is $31,873m. This is 4.2% lower than Estimate 3 for 2017-18. Estimate 3 is 19.0% higher than Estimate 2 for 2018-19. Buildings and structures is 11.9% lower and equipment, plant and machinery is 27.0% higher than the corresponding third estimate for 2018-19.
MANUFACTURING
Estimate 7 for Manufacturing for 2017-18 is $9,451m. This is 6.5% higher than Estimate 7 for 2016-17. Estimate 7 is 3.2% higher than Estimate 6 for 2017-18. Equipment, plant and machinery is 7.1% higher and buildings and structures is 4.9% higher than the corresponding seventh estimate for 2017-18.
Estimate 3 for Manufacturing for 2018-19 is $8,665. This is 3.1% higher than Estimate 3 for 2017-18. Estimate 3 is 19.2% higher than Estimate 2 for 2018-19. Equipment, plant and machinery is 4.6% higher and buildings and structures is 0.6% lower than the corresponding third estimate for 2018-19.
OTHER SELECTED INDUSTRIES
Estimate 7 for Other Selected Industries for 2017-18 is $73,425m. This is 9.9% higher than Estimate 7 for 2016-17. Estimate 7 is 4.5% higher than Estimate 6 for 2017-18. Buildings and structures is 19.5% higher and equipment, plant and machinery is 2.5% higher than the corresponding seventh estimate for 2017-18.
Estimate 3 for Other Selected Industries for 2018-19 is $61,458m. This is relatively unchanged (0.0%) from Estimate 3 for 2017-18. Estimate 3 is 14.2% higher than Estimate 2 for 2018-19. Equipment, plant and machinery is 2.2% higher and buildings and structures is 1.8% lower than the corresponding third estimate for 2018-19.