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This section sets out the Operating Statement, Cash Flow Statement and Balance Sheet for the general government sector for all levels of government.

Operating Statement

Table 27.4 presents an Operating Statement for the general government sector for 2001-02.

In 2001-02 the GFS NOB for the general government sector for all levels of government combined was negative $610m, indicating that GFS operating expenses exceeded GFS operating revenue. The largest contributor to this result was the NOB for the Commonwealth Government of negative $3,647m. This was partially offset by the NOB for the consolidated state governments of $2,562m.

GFS Net Borrowing for the general government sector for all Australian governments combined was $4,700m. The Commonwealth Government and the state governments contributed $3,278m and $460m respectively to the aggregate result.

27.4 ALL AUSTRALIAN GOVERNMENTS, General government: Operating Statement - 2001-02
			Commonwealth	Multi-jurisdictional(a)	State	Local	All levels of government(b)
			$m	$m	$m	$m	$m
GFS Revenue
	Taxation revenue		177,237	-	33,263	6,749	216,915
	Current grants and subsidies		-	4,521	50,752	2,154	57
	Sales of goods and services		3,784	4,871	9,980	5,759	22,996
	Interest from public non-financial corporations		52	-	172	-	225
	Interest from public financial corporations		454	24	306	41	825
	Interest from other sources		681	230	32	328	1,030
	Dividend income		4,766	57	2,875	11	7,708
	Other		2,785	757	9,322	2,577	11,666
	Total		189,759	10,460	106,702	17,620	261,422
less
GFS Expenses
	Gross operating expenses
		Depreciation	1,667	688	5,301	3,651	11,307
		Employee expenses	13,684	5,580	44,063	5,627	68,953
		Other operating expenses	34,154	3,284	27,922	6,718	70,692
		Total	49,504	9,552	77,287	15,997	150,952
	Nominal superannuation interest expenses		4,987	-	2,635	-	7,622
	Other interest expenses		5,511	37	2,295	400	8,007
	Other property expenses		-	-	-	-	-
	Current transfers
		Grant expenses to state governments	49,284	1	265	-	266
		Grant expenses to the private sector	7,047	16	10,269	18	17,350
		Grant expenses to universities	4,327	-	127	-	-
		Grant expenses to local governments	490	-	1,994	-	-
		Grant expenses n.e.c.	-	-	21	-	-
		Subsidy expenses to public corporations	361	-	3,534	-	3,895
		Subsidy expenses to other	4,570	9	537	-	5,116
		Other current transfers	63,035	359	1,122	109	64,208
	Capital transfers
		Grant expenses to public non-financial corporations	-	-	1,459	-	1,459
		Grant expenses to public financial corporations	-	-	22	-	22
		Grant expenses to other levels of government	3,185	-	557	-	-
		Grant expenses n.e.c.	1,106	-	1,823	17	2,946
		Other capital transfers	-	2	194	9	189
	Total		193,406	9,976	104,140	16,551	262,032
equals
GFS Net Operating Balance			-3,647	483	2,562	1,069	-610
less
Net acquisition of non-financial assets
	Gross fixed capital formation		1,172	1,092	8,455	4,517	15,248
	less Depreciation		1,667	688	5,301	3,651	11,307
	plus Change in inventories		185	-	-15	-10	160
	plus Other transactions in non-financial assets		-59	41	-117	125	-10
	Total		-369	445	3,022	980	4,090
equals
GFS Net Lending(+)/Borrowing(-)			-3,278	39	-460	89	-4,700
(a) The multi-jurisdictional sector contains units where jurisdiction is shared between two or more governments, or classifications of a unit to a jurisdiction is otherwise unclear. The main type of units currently falling into this category are the public universities. (b) The sums of individual levels of government may not agree with total figures for all levels of government due to transfers between levels of government.
Source: Government Finance Statistics, Australia, 2001-02 (5512.0).

27.5 ALL AUSTRALIAN GOVERNMENTS, General government: Cash Flow Statement - 2001-02
		Commonwealth	Multi-jurisdictional(a)	State	Local	All levels of government(b)
		$m	$m	$m	$m	$m
CASH FLOW STATEMENT
Cash receipts from operating activities
	Taxes received	174,308	-	33,360	6,733	214,161
	Receipts from sales of goods and services	3,727	4,444	9,826	5,768	21,996
	Grants and subsidies received	-	4,672	53,910	2,866	948
	Interest received from public non-financial corporations	46	-	173	-	218
	Interest received from public financial corporations	-	1	303	87	391
	Interest from other sources	872	211	432	293	1,569
	Other receipts	7,271	1,322	10,204	1,652	16,936
	Total	186,223	10,651	108,209	17,398	256,220
Cash payments for operating activities
	Payments for goods and services	-48,427	-7,872	-68,434	-12,774	-135,757
	Grants and subsidies paid to state governments	-52,364	-1	-20	-	-
	Grants and subsidies paid to the private sector	-10,627	-	-12,967	-27	-23,620
	Grants and subsidies paid to universities	-4,405	-	-128	-	-
	Grants and subsidies paid to local governments	-495	-	-2,523	-	-89
	Grants and subsidies paid to public corporations	-232	-	-5,279	-	-5,511
	Interest paid	-6,303	-26	-2,288	-395	-8,801
	Other payments	-63,355	-1,481	-4,074	-137	-65,193
	Total	-186,208	-9,379	-95,713	-13,333	-238,970
Net cash flows from operating activities		15	1,272	12,495	4,065	17,249
Net cash flows from investments in non-financial assets
	Sales of non-financial assets	914	66	1,020	598	2,598
	Purchases of new non-financial assets	-2,107	-1,197	-9,197	-4,363	-16,863
	Purchases of secondhand non-financial assets	-	-	-5	-2	-7
	Total	-1,193	-1,131	-8,182	-3,767	-14,273
Net cash flows from investments in financial assets for policy purposes		3,422	-1	1,205	-	4,365
Net cash flows from investments in financial assets for liquidity purposes		3,097	-94	-829	-15	1,216
Net cash flows from financing activities
	Advances received (net)	-	79	-323	15	-55
	Borrowing (net)	-3,903	52	-1,320	-22	-5,199
	Deposits received (net)	7	-	-129	21	-101
	Other financing (net)	-393	9	-452	104	908
	Total	-4,290	140	-2,225	118	-4,447
Net Increase(+)/Decrease(-) in Cash Held		1,052	186	2,465	400	4,109
SURPLUS(+)/DEFICIT(-)
Net cash flows from operating activities and net cash flows from investments in non-financial assets		-1,177	141	4,314	298	2,976
Acquisitions of assets under finance leases and similar arrangements		78	-	1	-60	18
Surplus(+)/Deficit(-)		-1,099	141	4,314	238	2,995
(a) The multi-jurisdictional sector contains units where jurisdiction is shared between two or more governments, or classifications of a unit to a jurisdiction is otherwise unclear. The main type of units currently falling into this category are the public universities. (b) The sums of individual levels of government may not agree with totals for all levels of government due to transfers between levels of government. Note: Negative figures denote outflows.
Source: Government Finance Statistics, Australia, 2001-02 (5512.0).

27.6 ALL AUSTRALIAN GOVERNMENTS, General government: Balance Sheet - 30 June 2002
			Commonwealth	Multi-jurisdictional(a)	State	Local	All levels of government(b)
			$m	$m	$m	$m	$m
Assets
	Financial assets
		Cash and deposits	2,231	657	7,843	2,293	13,013
		Advances paid	22,050	9	4,785	9	21,939
		Investments, loans and placements	19,921	4,372	24,856	5,036	54,167
		Other non-equity assets	15,057	2,945	11,613	1,950	29,462
		Equity	47,327	75	122,357	655	170,414
		Total	106,585	8,058	171,454	9,943	288,995
	Non-financial assets
		Land and fixed assets	33,782	18,277	209,867	152,254	414,180
		Other non-financial assets	1,858	148	2,324	1,014	5,341
		Total	35,640	18,426	212,191	153,268	419,520
	Total		142,226	26,484	383,645	163,211	708,515
Liabilities
	Deposits held		300	29	1,373	144	1,836
	Advances received		-	16	3,839	30	-
	Borrowing		78,913	552	29,325	5,281	113,022
	Unfunded superannuation liability and other employee entitlements		88,415	3,940	61,067	1,608	155,031
	Other provisions		2,967	3	6,590	125	9,685
	Other non-equity liabilities		13,921	1,043	8,677	1,776	23,311
	Total		184,516	5,584	110,872	8,964	302,886
GFS Net Worth			-42,291	20,899	272,773	154,246	405,628
Net debt(c)			35,012	-4,441	-2,947	-1,883	25,740
Net financial worth(d)			-77,931	2,474	60,582	978	-13,893
(a) The multi-jurisdictional sector contains units where jurisdiction is shared between two or more governments, or classifications of a unit to a jurisdiction is otherwise unclear. The main type of units currently falling into this category are the public universities. (b) The sums of individual levels of government may not agree with total figures for all levels of government due to assets and liabilities held between levels of government. (c) Equals deposits held, advances received and borrowing less cash and deposits, advances paid and investments, loans and placements. (d) Equals total financial assets less total liabilities.
Source: Government Finance Statistics, Australia, 2001-02 (5512.0).