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:

	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 period	Nil	Nil	12 months

TOTAL CAPITAL EXPENDITURE

Estimate 7 for total capital expenditure for 2013-14 is $157,869 million. This is 1.7% lower (-$2,661m) than Estimate 7 for 2012-13. Estimate 7 for equipment, plant and machinery decreased by 8.9% (-$4,997m) while Estimate 7 for buildings and structures increased by 2.2% (+$2,336m). Estimate 7 is 3.2% lower (-$5,249m) than Estimate 6 for 2013-14. The main contributor to this decrease was Mining (-$5,025m).

Estimate 3 for total capital expenditure for 2014-15 is $145,158 million. This is 10.2% lower (-$16,463m) than Estimate 3 for 2013-14. The main contributor to this decrease was Mining (-$21,974m). Estimate 3 is 5.1% higher (+$7,098m) than Estimate 2 for 2014-15. The main contributor to this increase was Other Selected Industries (+$5,098m).

BUILDINGS AND STRUCTURES

Estimate 7 for buildings and structures capital expenditure for 2013-14 is $106,740 million. This is 2.2% higher (+$2,336m) than Estimate 7 for 2012-13. The main contributor to this increase was Other Selected Industries (+$1,978m). Estimate 7 is 4.7% lower (-$5,278m) than Estimate 6 for 2013-14. The main contributor to this decrease was Mining (-$4,069m).

Estimate 3 for buildings and structures capital expenditure for 2014-15 is $98,930 million. This is 15.3% lower (-$17,852m) than Estimate 3 for 2013-14. The main contributor to the decrease was Mining (-$20,175m). Estimate 3 is 2.2% higher (+$2,143m) than Estimate 2 for 2014-15. The main contributor to this increase was Other Selected Industries (+$1,025m).

EQUIPMENT, PLANT AND MACHINERY

Estimate 7 for equipment, plant and machinery capital expenditure for 2013-14 is $51,129 million. This is 8.9% lower (-$4,997m) than Estimate 7 for 2012-13. The main contributor to this decrease was Mining (-$5,058m). Estimate 7 is 0.1% higher (+$29m) than Estimate 6 for 2013-14. The main contributor to this increase was Other Selected Industries (+$1,126m).

Estimate 3 for equipment, plant and machinery capital expenditure for 2014-15 is $46,228 million. This is 3.1% higher (+$1,390m) than Estimate 3 for 2013-14. The main contributor to the increase was Other Selected Industries (+$3,386m). Estimate 3 is 12.0% higher (+$4,955m) than Estimate 2 for 2014-15. The main contributor to this increase was Other Selected Industries (+$4,072m).

MINING

Estimate 7 for Mining capital expenditure for 2013-14 is $90,340 million. This is 4.6% lower (-$4,370m) than Estimate 7 for 2012-13. Estimate 7 is 5.3% lower (-$5,025m) than Estimate 6 for 2013-14. Buildings and structures is 4.8% lower (-$4,069m) and equipment, plant and machinery is 9.2% lower (-$956m) than Estimate 6 for 2013-14.

Estimate 3 for Mining capital expenditure for 2014-15 is $81,405 million. This is 21.3% lower (-$21,974m) than Estimate 3 for 2013-14. Estimate 3 is 1.5% higher (+$1,204m) than Estimate 2 for 2014-15. Buildings and structures is 1.2% higher (+$837m) and equipment, plant and machinery is 3.6% higher (+$366m) than Estimate 2 for 2014-15.

MANUFACTURING

Estimate 7 for Manufacturing capital expenditure for 2013-14 is $9,201 million. This is 2.8% lower (-$269m) than Estimate 7 for 2012-13. Estimate 7 is 3.4% lower (-$323m) than Estimate 6 for 2013-14. Buildings and structures is 6.4% lower (-$183m) and equipment, plant and machinery is 2.1% lower (-$141m) than Estimate 6 for 2013-14.

Estimate 3 for Manufacturing capital expenditure for 2014-15 is $8,032 million. This is 6.5% lower (-$560m) than Estimate 3 for 2013-14. Estimate 3 is 11.0% higher (+$798m) than Estimate 2 for 2014-15. Equipment, plant and machinery is 10.5% higher (+$516m) and buildings and structures is 12.1% higher (+$281m) than Estimate 2 for 2014-15.

OTHER SELECTED INDUSTRIES

Estimate 7 for Other Selected Industries for 2013-14 is $58,328 million. This is 3.5% higher (+$1,978m) than Estimate 7 for 2012-13. Estimate 7 is 0.2% higher (+$100m) than Estimate 6 for 2013-14. Equipment, plant and machinery is 3.3% higher (+$1,126m) and buildings and structures is 4.2% lower (-$1,026m) than Estimate 6 for 2013-14.

Estimate 3 for Other Selected Industries for 2014-15 is $55,722 million. This is 12.2% higher (+$6,072m) than Estimate 3 for 2013-14. Estimate 3 is 10.1% higher (+$5,098m) than Estimate 2 for 2014-15. Equipment, plant and machinery is 15.6% higher (+$4,072m) and buildings and structures is 4.2% higher (+$1,025m) than Estimate 2 for 2014-15.