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:

TOTAL CAPITAL EXPENDITURE

Estimate 6 for total capital expenditure for 2011-12 is $158,028 million. This is 27.5% higher than Estimate 6 for 2010-11. The main contributor to this increase was Mining (66.9%). Estimate 6 is 2.3% lower than Estimate 5 for 2011-12. The main contributor to this decrease was Mining (-7.1%).

Estimate 2 for total capital expenditure for 2012-13 is $172,982 million. This is 23.5% higher than Estimate 2 for 2011-12. The main contributor to this increase was Mining (43.9%). Estimate 2 is 4.3% higher than Estimate 1 for 2012-13. The main contributor to this increase was Mining (4.5%).

BUILDINGS AND STRUCTURES

Estimate 6 for buildings and structures for 2011-12 is $100,859 million. This is 42.9% higher than Estimate 6 for 2010-11. The main contributor to this increase was Mining (75.0%). Estimate 6 for buildings and structures is 5.6% lower than Estimate 5 for 2011-12. The main contributor to this decrease was Mining (-8.1%).

Estimate 2 for buildings and structures for 2012-13 is $124,336 million. This is 29.1% higher than Estimate 2 for 2011-12. The main contributor to this increase was Mining (46.1%). Estimate 2 is 3.9% higher than Estimate 1 for 2012-13. The main contributor to this increase was Mining (4.6%).


EQUIPMENT, PLANT AND MACHINERY

Estimate 6 for equipment, plant and machinery for 2011-12 is $57,169 million. This is 7.2% higher than Estimate 6 for 2010-11. The main contributor to this increase was Mining (36.1%). Estimate 6 for equipment, plant and machinery is 4.1% higher than Estimate 5 for 2011-12. The main contributor to this increase was Other Selected Industries (8.3%).

Estimate 2 for equipment, plant and machinery for 2012-13 is $48,646 million. This is 11.0% higher than Estimate 2 for 2011-12. The main contributor to this increase was Mining (32.4%). Estimate 2 is 5.2% higher than Estimate 1 for 2012-13. The main contributor to this increase was Other Selected Industries (5.3%).

MINING

Estimate 6 for Mining for 2011-12 is $85,723 million. This is 66.9% higher than the corresponding estimate for 2010-11. Estimate 6 is 7.1% lower than Estimate 5 for 2011-12. Buildings and structures is 8.1% lower and equipment, plant and machinery is 1.7% lower than the corresponding fifth estimates for 2011-12.

Estimate 2 for Mining for 2012-13 is $118,547 million. This is 43.9% higher than the corresponding estimate for 2011-12. Estimate 2 is 4.5% higher than Estimate 1 for 2012-13. Buildings and structures is 4.6% higher and equipment, plant and machinery is 4.4% higher than the corresponding first estimates for 2012-13.

MANUFACTURING

Estimate 6 for Manufacturing for 2011-12 is $13,386 million. This is 7.2% higher than the corresponding estimate for 2010-11. Estimate 6 is 3.1% lower than Estimate 5 for 2011-12. Buildings and structures is 4.0% lower and equipment, plant and machinery is 2.3% lower than the corresponding fifth estimates for 2011-12.

Estimate 2 for Manufacturing for 2012-13 is $10,531 million. This is 11.3% lower than the corresponding estimate for 2011-12. Estimate 2 is 1.7% higher than Estimate 1 for 2012-13. Buildings and structures is 5.0% lower while equipment, plant and machinery is 6.9% higher than the corresponding first estimates for 2012-13.

OTHER SELECTED INDUSTRIES

Estimate 6 for Other Selected Industries for 2011-12 is $58,919 million. This is 1.9% lower than the corresponding estimate for 2010-11. The main contributor to this decrease was Rental, Hiring and Real Estate Services (-19.6%). Estimate 6 is 5.9% higher than Estimate 5 for 2011-12. Buildings and structures is 2.5% higher and equipment, plant and machinery is 8.3% higher than the corresponding fifth estimates for 2011-12.

Estimate 2 for Other Selected Industries for 2012-13 is $43,905 million. This is 4.3% lower than the corresponding estimate for 2011-12. The main contributors to this decrease were Transport, Postal and Warehousing (-13.8%) and Rental, Hiring and Real Estate Services (-10.4%). Estimate 2 is 4.2% higher than Estimate 1 for 2012-13. Buildings and structures is 2.8% higher and equipment, plant and machinery is 5.3% higher than the corresponding first estimates for 2012-13.