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. Commentary in this section includes reference to some unpublished data, providing some further analysis of change in these estimates by detailed industry. Advice about the application of realisation ratios to these estimates is in paragraphs 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 for 2010-11 is $119,747 million. This is 11.8% higher than Estimate 7 for 2009-10. The main contributor to this increase was Mining (34.1%). Estimate 7 is 3.5% lower than Estimate 6 for 2010-11. The main contributor to this decrease was Mining (-8.5%).

Estimate 3 for total capital expenditure for 2011-12 is $148,756 million. This is 18.5% higher than Estimate 3 for 2010-11. The main contributor to this increase was Mining (44.6%). Estimate 3 is 6.2% higher than Estimate 2 for 2011-12. The main contributor to this increase was Other Selected Industries (16.7%).

BUILDINGS AND STRUCTURES

Estimate 7 for buildings and structures for 2010-11 is $66,127 million. This is 27.4% higher than Estimate 7 for 2009-10. The main contributor to this increase was Mining (40.5%). Estimate 7 for buildings and structures is 6.6% lower than Estimate 6 for 2010-11. The main contributor to this decrease was Mining (-9.1%).

Estimate 3 for buildings and structures for 2011-12 is $98,565 million. This is 26.5% higher than Estimate 3 for 2010-11. The main contributor to this increase was Mining (50.2%). Estimate 3 for buildings and structures is 2.4% higher than Estimate 2 for 2011-12. The main contributor to this increase was Other Selected Industries (12.5%).

EQUIPMENT, PLANT AND MACHINERY

Estimate 7 for equipment, plant and machinery for 2010-11 is $53,620 million. This is 2.8% lower than Estimate 7 for 2009-10. The main contributor to this decrease was Other Selected Industries (-6.5%). Estimate 7 for equipment, plant and machinery is 0.6% higher than Estimate 6 for 2010-11. The main contributor to this increase was Other Selected Industries (2.9%).

Estimate 3 for equipment, plant and machinery for 2011-12 is $50,191 million. This is 5.4% higher than Estimate 3 for 2010-11. The main contributor to this increase was Mining (21.2%). Estimate 3 is 14.6% higher than Estimate 2 for 2011-12. The main contributor to this increase was Other Selected Industries (20.5%).

MINING

Estimate 7 for Mining for 2010-11 is $47,168 million. This is 34.1% higher than the corresponding estimate for 2009-10. Estimate 7 is 8.5% lower than Estimate 6 for 2010-11. Buildings and structures is 9.1% lower and equipment, plant and machinery is 6.3% lower than the corresponding sixth estimates for 2010-11.

Estimate 3 for Mining for 2011-12 is $82,126 million. This is 44.6% higher than the corresponding estimate for 2010-11. Estimate 3 is 0.3% lower than Estimate 2 for 2011-12. Buildings and structures is 0.8% lower while equipment, plant and machinery is 2.3% higher than the corresponding second estimates for 2011-12.

MANUFACTURING

Estimate 7 for Manufacturing for 2010-11 is $12,214 million. This is 4.0% higher than the corresponding estimate for 2009-10. Estimate 7 is 2.2% lower than Estimate 6 for 2010-11. Buildings and structures is 4.6% lower and equipment, plant and machinery is 0.6% lower than the corresponding sixth estimates for 2010-11.

Estimate 3 for Manufacturing for 2011-12 is $13,116 million. This is 6.6% lower than the corresponding estimate for 2010-11. Estimate 3 is 10.5% higher than Estimate 2 for 2011-12. Buildings and structures is 1.7% higher and equipment, plant and machinery is 17.2% higher than the corresponding second estimates for 2011-12.

OTHER SELECTED INDUSTRIES

Estimate 7 for Other Selected Industries for 2010-11 is $60,366 million. This is 0.3% higher than the corresponding estimate for 2009-10. Estimate 7 is 0.5% higher than Estimate 6 for 2010-11. Buildings and structures is 2.8% lower while equipment, plant and machinery is 2.9% higher than the corresponding sixth estimates for 2010-11.

Estimate 3 for Other Selected Industries for 2011-12 is $53,514 million. This is 2.2% lower than the corresponding estimate for 2010-11. The main contributor to this decrease was Rental, Hiring & Real Estate Services (-23.7%). Estimate 3 is 16.7 % higher than Estimate 2 for 2011-12. Buildings and structures is 12.5% higher and equipment, plant and machinery is 20.5% higher than the corresponding second estimates for 2011-12.