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:

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 6 for total capital expenditure in 2014-15 is $149,946m. This is 8.1% lower than Estimate 6 for 2013-14. The main contributor to this decrease is Mining (-18.4%). Estimate 6 is 0.6% lower than Estimate 5 for 2014-15. The main contributor to this decrease is Mining (-3.6%).

Estimate 2 for total capital expenditure for 2015-16 is $104,033m. This is 24.6% lower than Estimate 2 for 2014-15. The main contributor to this decrease is Mining (-34.9%). Estimate 2 is 1.4% higher than Estimate 1 for 2015-16. The main contributor to this increase is Other Selected Industries (+6.6%).

BUILDINGS AND STRUCTURES

Estimate 6 for buildings and structures for 2014-15 is $99,130m. This is 11.5% lower than Estimate 6 for 2013-14. The main contributor to this decrease is Mining (-18.8%). Estimate 6 for buildings and structures is 2.4% lower than Estimate 5 for 2014-15. The main contributor to this decrease is Mining (-3.1%).

Estimate 2 for buildings and structures for 2015-16 is $69,958m. This is 27.7% lower than Estimate 2 for 2014-15. The main contributor to this decrease is Mining (-34.9%). Estimate 2 is 1.2% higher than Estimate 1 for 2015-16. The main contributor to this increase is Other Selected Industries (6.9%).

EQUIPMENT, PLANT AND MACHINERY

Estimate 6 for equipment, plant and machinery for 2014-15 is $50,816m. This is 0.6% lower than Estimate 6 for 2013-14. The main contributor to this decrease is Mining (-14.6%). Estimate 6 for equipment, plant and machinery is 3.2% higher than Estimate 5 for 2014-15. The main contributor to this increase is Other Selected Industries (5.4%).

Estimate 2 for equipment, plant and machinery for 2015-16 is $34,075m. This is 17.4% lower than Estimate 2 for 2014-15. The main contributors to this decrease are Mining (-34.9%) and Other Selected Industries (-13.0%). Estimate 2 is 1.8% higher than Estimate 1 for 2015-16. The main contributor to this increase is Other Selected Industries (6.3%).

MINING

Estimate 6 for Mining for 2014-15 is $77,832m. This is 18.4% lower than Estimate 6 for 2013-14. Estimate 6 is 3.6% lower than Estimate 5 for 2014-15. Buildings and structures is 3.1% lower and equipment, plant and machinery is 7.6% lower than the corresponding fifth estimates for 2014-15.

Estimate 2 for Mining for 2015-16 is $52,192m. This is 34.9% lower than Estimate 2 for 2014-15. Estimate 2 is 3.0% lower than Estimate 1 for 2015-16. Equipment, plant and machinery is 15.1% lower and buildings and structures is 1.0% lower than the corresponding first estimates for 2015-16.

MANUFACTURING

Estimate 6 for Manufacturing for 2014-15 is $8,845m. This is 7.1% lower than Estimate 6 for 2013-14. Estimate 6 is 4.4% higher than Estimate 5 for 2014-15. Equipment, plant and machinery is 7.8% higher and buildings and structures is 2.6% lower than the corresponding fifth estimates for 2014-15.

Estimate 2 for Manufacturing for 2015-16 is $6,273m. This is 13.3% lower than Estimate 2 for 2014-15. Estimate 2 is 4.2% higher than Estimate 1 for 2015-16. Equipment, plant and machinery is 10.2% higher and buildings and structures is 10.5% lower than the corresponding first estimates for 2015-16.

OTHER SELECTED INDUSTRIES

Estimate 6 for Other Selected Industries for 2014-15 is $63,268m. This is 8.7% higher than Estimate 6 for 2013-14. Estimate 6 is 2.7% higher than Estimate 5 for 2014-15. Equipment, plant and machinery is 5.4% higher and buildings and structures is 0.5% lower than the corresponding fifth estimates for 2014-15.

Estimate 2 for Other Selected Industries for 2015-16 is $45,568m. This is 10.0% lower than Estimate 2 for 2014-15. Estimate 2 is 6.6% higher than Estimate 1 for 2015-16. Buildings and structures is 6.9% higher while equipment, plant and machinery is 6.3% higher than the corresponding first estimates for 2015-16.