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 Commentary in this section includes reference to some unpublished data, providing some further analysis of change in these estimates by detailed industry.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 4 for total capital expenditure for 2011-12 is $158,032 million. This is 26.9% higher than Estimate 4 for 2010-11. The main contributor to this increase was Mining (58.5%). Estimate 4 is 5.1% higher than Estimate 3 for 2011-12. The main contributors to this increase were Other Selected Industries (8.8%) and Mining (3.5%).

BUILDINGS AND STRUCTURES

Estimate 4 for buildings and structures for 2011-12 is $101,157 million. This is 33.1% higher than Estimate 4 for 2010-11. The main contributor to this increase was Mining (59.8%). Estimate 4 for buildings and structures is 3.7% higher than Estimate 3 for 2011-12. The main contributor to this increase was Mining (3.1%).

EQUIPMENT, PLANT AND MACHINERY

Estimate 4 for equipment, plant and machinery for 2011-12 is $56,875 million. This is 17.3% higher than Estimate 4 for 2010-11. The main contributor to this increase was Mining (53.0%). Estimate 4 for equipment, plant and machinery is 7.9% higher than Estimate 3 for 2011-12. The main contributor to this increase was Other Selected Industries (11.4%).

MINING

Estimate 4 for Mining for 2011-12 is $87,051 million. This is 58.5% higher than the corresponding estimate for 2010-11. Estimate 4 is 3.5% higher than Estimate 3 for 2011-12. Buildings and structures is 3.1% higher and equipment, plant and machinery is 5.1% higher than the corresponding third estimates for 2011-12.

MANUFACTURING

Estimate 4 for Manufacturing for 2011-12 is $13,667 million. This is 0.5% higher than the corresponding estimate for 2010-11. Estimate 4 is 1.4% higher than Estimate 3 for 2011-12. Buildings and structures is 1.2% higher and equipment, plant and machinery is 1.6% higher than the corresponding third estimates for 2011-12.

OTHER SELECTED INDUSTRIES

Estimate 4 for Other Selected Industries for 2011-12 is $57,315 million. This is 2.4% higher than the corresponding estimate for 2010-11. Estimate 4 is 8.8% higher than Estimate 3 for 2011-12. Buildings and structures is 5.8% higher and equipment, plant and machinery is 11.4% higher than the corresponding third estimates for 2011-12.