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 7 for total capital expenditure for 2011-12 is $155,025 million. This is 29.9% higher than Estimate 7 for 2010-11. The main contributor to this increase was Mining (75.2%). Estimate 7 is 2.5% lower than Estimate 6 for 2011-12. The main contributor to this decrease was Mining (-5.0%).

Estimate 3 for total capital expenditure for 2012-13 is $181,533 million. This is 20.8% higher than Estimate 3 for 2011-12. The main contributor to this increase was Mining (41.4%). Estimate 3 is 4.7% higher than Estimate 2 for 2012-13. The main contributor to this increase was Other Selected Industries (16.5%).

BUILDINGS AND STRUCTURES

Estimate 7 for buildings and structures for 2011-12 is $98,291 million. This is 48.8% higher than Estimate 7 for 2010-11. The main contributor to this increase was Mining (85.7%). Estimate 7 for buildings and structures is 3.6% lower than Estimate 6 for 2011-12. The main contributor to this decrease was Mining (-4.6%).

Estimate 3 for buildings and structures for 2012-13 is $127,882 million. This is 31.0% higher than Estimate 3 for 2011-12. The main contributor to this increase was Mining (48.3%). Estimate 3 is 2.1% higher than Estimate 2 for 2012-13. The main contributor to this increase was Other Selected Industries (18.2%).

EQUIPMENT, PLANT AND MACHINERY

Estimate 7 for equipment, plant and machinery for 2011-12 is $56,734 million. This is 6.4% higher than Estimate 7 for 2010-11. The main contributor to this increase was Mining (36.5%). Estimate 7 for equipment, plant and machinery is 0.4% lower than Estimate 6 for 2011-12. The main contributor to this decrease was Mining (-6.9%).

Estimate 3 for equipment, plant and machinery for 2012-13 is $53,651 million. This is 1.8% higher than Estimate 3 for 2011-12. The main contributor to this increase was Mining (12.7%). Estimate 3 is 11.3% higher than Estimate 2 for 2012-13. The main contributor to this increase was Other Selected Industries (15.2%).

MINING

Estimate 7 for Mining for 2011-12 is $82,080 million. This is 75.2% higher than the corresponding estimate for 2010-11. Estimate 7 is 5.0% lower than Estimate 6 for 2011-12. Buildings and structures is 4.6% lower and equipment, plant and machinery is 6.9% lower than the corresponding sixth estimates for 2011-12.

Estimate 3 for Mining for 2012-13 is $119,002 million. This is 41.4% higher than the corresponding estimate for 2011-12. Estimate 3 is 0.2% lower than Estimate 2 for 2012-13. Buildings and structures is 1.1% lower while equipment, plant and machinery is 4.8% higher than the corresponding second estimates for 2012-13.

MANUFACTURING

Estimate 7 for Manufacturing for 2011-12 is $13,196 million. This is 6.9% higher than the corresponding estimate for 2010-11. Estimate 7 is 1.0% lower than Estimate 6 for 2011-12. Buildings and structures is 0.2% higher while equipment, plant and machinery is 1.9% lower than the corresponding sixth estimates for 2011-12.

Estimate 3 for Manufacturing for 2012-13 is $11,543 million. This is 14.3% lower than the corresponding estimate for 2011-12. Estimate 3 is 11.1% higher than Estimate 2 for 2012-13. Buildings and structures is 6.2% higher and equipment, plant and machinery is 14.6% higher than the corresponding second estimates for 2012-13.

OTHER SELECTED INDUSTRIES

Estimate 7 for Other Selected Industries for 2011-12 is $59,749 million. This is 0.7% lower than the corresponding estimate for 2010-11. The main contributor to this decrease was Rental, Hiring and Real Estate Services (-13.2%). Estimate 7 is 0.8% higher than Estimate 6 for 2011-12. Buildings and structures is 1.7% lower while equipment, plant and machinery is 2.6% higher than the corresponding sixth estimates for 2011-12.

Estimate 3 for Other Selected Industries for 2012-13 is $50,988 million. This is 3.2% lower than the corresponding estimate for 2011-12. The main contributor to this decrease was Transport, Postal and Warehousing (-16.3%). Estimate 3 is 16.5% higher than Estimate 2 for 2012-13. Buildings and structures is 18.2% higher and equipment, plant and machinery is 15.2% higher than the corresponding second estimates for 2012-13.