Australian Bureau of Statistics
5232.0 - Australian National Accounts: Finance and Wealth, Mar 2015 Quality Declaration
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 25/06/2015
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MARCH KEY FIGURES
FINANCING RESOURCES AND INVESTMENT, ORIGINAL, CURRENT PRICES
During March quarter 2015, non-financial corporations and households invested $49.6b and $32.5b respectively in capital formation. Non-financial corporations funded these investments mainly through gross saving ($28.7b) and net borrowing ($21.6b). Households funded their investment through gross savings ($38.7b) and remained a net lender ($7.4b) to other sectors. The general government sector invested $11.7b in capital formation funding it mainly through net borrowings of $8.0b.
Graph 1. Total capital formation, current prices
In original terms, national capital formation investment decreased -$17.3b from the December quarter 2014 estimate to reach a total of $96.1b in March quarter 2015. The fall was driven by a decrease in gross fixed capital formation of -$8.9b by the non-financial corporations sector coupled with the household sector (-$3.7b) and the general government sector (-$1.9b). The fall in investment of gross fixed capital formation by the non-financial corporations sector was driven by private non-financial corporations (-$9.0b).
Private non-financial corporations gross fixed capital formation has fallen since peaking in June quarter 2013 ($59.8b), this has been driven by decreased non-dwelling construction investment. Conversely, household sector gross fixed capital formation has continued to grow since March quarter 2013 ($26.7b), this has been driven by increased investment in dwellings.
Graph 2. Net financial investment (Net lending (+) / net borrowing (-))
Source(s): Table 4. National Financial Assets and Liabilities ($ million); Table 6. Financial Assets and Liabilities of Non-Financial Corporations ($ million); Table 14. Financial Assets and Liabilities of Financial Corporations ($ million); Table 27. Financial Assets and Liabilities of General Government ($ million); Table 33. Financial Assets and Liabilities of Households ($ million)
During March quarter 2015, national net borrowing was $10.9b, driven mainly by non-financial corporations borrowing of $21.6b and general government borrowing of $8.0b. By contrast, the financial corporations and household sectors lent $11.3b and $7.4b to other sectors respectively.
Net borrowing of $21.6b by non-financial corporations was a result of incurring $44.9b in liabilities and acquiring $23.3b in financial assets. The increase in liabilities was driven mainly by loan borrowings of $29.3b of which $19.8b was in long term loans. Non-financial corporations issued $16.3b in equities, which also contributed to the increase in liabilities. Financial assets were acquired through an increase in accounts receivable ($15.2b) and deposits in banks ($8.1b).
Net borrowing of $8.0b by general government was a result of incurring $17.5b in liabilities while acquiring $9.5b in financial assets. The general government incurred liabilities through issuance of Commonwealth government bonds ($16.1b) of which majority are held by foreign investors ($11.7b). The general government acquired financial assets through the national general government increasing deposits with the central bank (+$6.3b) and state and local general government increasing deposits with banks ($1.8b).
Net lending of $11.3b by the financial corporations sector was a result of acquiring $68.0b in financial assets and incurring $56.7b in liabilities. The financial corporations sector acquired financial assets through bank ($52.0) and securitisers ($16.6b) loans. Financial liabilities were incurred through acceptance of deposits ($28.4b), an increase in net equity in reserves ($14.0b) and an increase in accounts payable ($8.8b).
Net lending of $7.4b by households was a result of acquiring $30.8b in financial assets while incurring $23.5b in liabilities. Financial assets were acquired through increases in net equity in reserves of pension funds ($13.8b) and deposits with banks ($11.5b). Households incurred financial liabilities through long term loans with securitisers ($16.2b) and banks ($11.1b).
CHANGES TO THIS ISSUE
There are no changes to this issue.
REVISIONS IN THIS ISSUE
There have been revisions to previously published aggregates:
CHANGES IN FUTURE ISSUES
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This page last updated 25 June 2015