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BALANCE SHEET RESULTS


GFS net worth reflects the contribution of governments to the wealth of Australia. The consolidated net worth as at 30 June 2009 for all levels of government was $938,646 million.

The following table presents 30 June 2009 balance sheet aggregates by sector for the various levels of government.

Balance Sheet Results - At 30 June 2009
		General Government	Non-financial Public Sector	Total Public Sector(a)
		2008-09	2008-09	2008-09
		$m	$m	$m
All Levels of Government
	Total assets	1 448 196	1 555 140	1 720 057
	Total liabilities	509 551	616 166	781 083
	Shares and other contributed capital	-	329	329
	GFS Net worth	938 645	938 645	938 646
Commonwealth Government
	Total assets	324 226	327 667	416 751
	Total liabilities	292 119	295 559	384 643
	Shares and other contributed capital	-	-	-
	GFS Net worth	32 107	32 107	32 107
State and Local Government
	Total assets	1 085 776	1 188 806	1 270 180
	Total liabilities	211 826	314 527	395 901
	GFS Net worth	873 950	873 950	873 950
Multi-jurisdictional(b)
	Total assets	46 250	48 638	48 638
	Total liabilities	13 662	14 508	14 508
	GFS Net worth	32 588	32 588	32 588
- nil or rounded to zero (including null cells)
(a) The Total Public Sector comprises General Government, Public Non-Financial Corporations and Public Financial Corporations. The sum of individual levels of government or sectors may not agree with The Total Public Sector figures due to transfers between level of government.
(b) The multi-jurisdictional sector contains units where jurisdiction is shared between two or more governments, or classification of a unit to a jurisdiction is otherwise unclear. The main types of units currently falling into this category are the public universities.