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 Commentary in this section includes reference to some unpublished data, providing some further analysis of change in these estimates by detailed industry.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 paragraph 26 to 29 of the Explanatory Notes. The timing and construction of these estimates are as follows:

TOTAL CAPITAL EXPENDITURE

Estimate 5 for total capital expenditure for 2011-12 is $164,153 million. This is 27.0% higher than Estimate 5 for 2010-11. The main contributor to this increase was Mining (66.2%). Estimate 5 is 0.7% lower than Estimate 4 for 2011-12. The main contributor to this decrease was Other Selected Industries (-3.1%).

Estimate 1 for total capital expenditure for 2012-13 is $172,887 million. This is 28.2% higher than Estimate 1 for 2011-12. The main contributor to this increase was Mining (51.6%).

BUILDINGS AND STRUCTURES

Estimate 5 for buildings and structures for 2011-12 is $107,632 million. This is 40.1% higher than Estimate 5 for 2010-11. The main contributor to this increase was Mining (73.9%). Estimate 5 for buildings and structures is 0.5% lower than Estimate 4 for 2011-12. The main contributor to this decrease was Other Selected Industries (-8.5%).

Estimate 1 for buildings and structures for 2012-13 is $126,142 million. This is 35.7% higher than Estimate 1 for 2011-12. The main contributor to this increase was Mining (52.9%).

EQUIPMENT, PLANT AND MACHINERY

Estimate 5 for equipment, plant and machinery for 2011-12 is $56,521 million. This is 7.7% higher than Estimate 5 for 2010-11. The main contributor to this increase was Mining (37.4%). Estimate 5 for equipment, plant and machinery is 1.2% lower than Estimate 4 for 2011-12. The main contributor to this decrease was Mining (-4.6%).

Estimate 1 for equipment, plant and machinery for 2012-13 is $46,745 million. This is 11.5% higher than Estimate 1 for 2011-12. The main contributor to this increase was Mining (44.0%).

MINING

Estimate 5 for Mining for 2011-12 is $94,622 million. This is 66.2% higher than the corresponding estimate for 2010-11. Estimate 5 is 1.1% higher than Estimate 4 for 2011-12. Buildings and structures is 2.4% higher while equipment, plant and machinery is 4.6% lower than the corresponding fourth estimates for 2011-12.

Estimate 1 for Mining for 2012-13 is $119,762 million. This is 51.6% higher than the corresponding estimate for 2011-12. Buildings and structures is 52.9% higher and equipment, plant and machinery is 44.0% higher than the corresponding first estimates for 2011-12.

MANUFACTURING

Estimate 5 for Manufacturing for 2011-12 is $13,354 million. This is 3.5% higher than the corresponding estimate for 2010-11. Estimate 5 is 3.3% lower than Estimate 4 for 2011-12. Buildings and structures is 3.4% lower and equipment, plant and machinery is 3.2% lower than the corresponding fourth estimates for 2011-12.

Estimate 1 for Manufacturing for 2012-13 is $10,606 million. This is 8.1% lower than the corresponding estimate for 2011-12. Buildings and structures is 8.8% lower and equipment, plant and machinery is 7.6% lower than the corresponding first estimates for 2011-12.

OTHER SELECTED INDUSTRIES

Estimate 5 for Other Selected Industries for 2011-12 is $56,177 million. This is 5.5% lower than the corresponding estimate for 2010-11. The main contributor to this decrease was Rental, Hiring and Real Estate Services (-28.1%). Estimate 5 is 3.1% lower than Estimate 4 for 2011-12. Buildings and structures is 8.5% lower while equipment, plant and machinery is 1.2% higher than the corresponding fourth estimates for 2011-12.

Estimate 1 for Other Selected Industries for 2012-13 is $42,519 million. This is 4.1% lower than the corresponding estimate for 2011-12. The main contributors to this decrease were Transport and Storage (-8.2%) and Construction (-21.4%). Buildings and structures is 8.8% lower while equipment, plant and machinery is 0.1% higher than the corresponding first estimates for 2011-12.