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:

	COMPOSITION OF ESTIMATE
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

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TOTAL CAPITAL EXPENDITURE

Estimate 7 for total capital expenditure for 2012-13 is $160,450 million. This is 3.6% higher than Estimate 7 for 2011-12. The main contributor to this increase was Mining (15.5%). Estimate 7 is 1.4% lower than Estimate 6 for 2012-13. The main contributor to this decrease was Mining (-2.9%).

Estimate 3 for total capital expenditure for 2013-14 is $159,236 million. This is 11.2% lower than Estimate 3 for 2012-13. The main contributor to this decrease was Mining (-13.6%). Estimate 3 is 2.3% higher than Estimate 2 for 2013-14. The main contributor to this increase was Other Selected Industries (4.2%).

BUILDINGS AND STRUCTURES

Estimate 7 for buildings and structures for 2012-13 is $104,437 million. This is 6.4% higher than Estimate 7 for 2011-12. The main contributor to this increase was Mining (17.5%). Estimate 7 for buildings and structures is 3.3% lower than Estimate 6 for 2012-13. The main contributor to this decrease was Mining (-3.5%).

Estimate 3 for buildings and structures for 2013-14 is $115,525 million. This is 8.6% lower than Estimate 3 for 2012-13. The main contributor to this decrease was Mining (-9.8%). Estimate 3 is 1.3% higher than Estimate 2 for 2013-14. The main contributor to this increase was Mining (1.4%).

EQUIPMENT, PLANT AND MACHINERY

Estimate 7 for equipment, plant and machinery for 2012-13 is $56,013 million. This is 1.3% lower than Estimate 7 for 2011-12. The main contributor to this decrease was Manufacturing (-11.6%). Estimate 7 for equipment, plant and machinery is 2.3% higher than Estimate 6 for 2012-13. The main contributor to this increase was Other Selected Industries (3.8%).

Estimate 3 for equipment, plant and machinery for 2013-14 is $43,712 million. This is 17.3% lower than Estimate 3 for 2012-13. The main contributor to this decrease was Mining (-33.9%). Estimate 3 is 5.0% higher than Estimate 2 for 2013-14. The main contributor to this increase was Other Selected Industries (6.9%).

MINING

Estimate 7 for Mining for 2012-13 is $94,719 million. This is 15.5% higher than the corresponding estimate for 2011-12. Estimate 7 is 2.9% lower than Estimate 6 for 2012-13. Buildings and structures is 3.5% lower while equipment, plant and machinery is 0.4% higher than the corresponding sixth estimates for 2012-13.

Estimate 3 for Mining for 2013-14 is $102,843 million. This is 13.6% lower than the corresponding estimate for 2012-13. Estimate 3 is 1.3% higher than Estimate 2 for 2013-14. Buildings and structures is 1.4% higher and equipment, plant and machinery is 0.6% higher than the corresponding second estimates for 2013-14.

MANUFACTURING

Estimate 7 for Manufacturing for 2012-13 is $9,457 million. This is 28.5% lower than the corresponding estimate for 2011-12. Estimate 7 is 2.5% lower than Estimate 6 for 2012-13. Buildings and structures is 5.0% lower and equipment, plant and machinery is 1.3% lower than the corresponding sixth estimates for 2012-13.

Estimate 3 for Manufacturing for 2013-14 is $8,555 million. This is 25.0% lower than the corresponding estimate for 2012-13. Estimate 3 is 3.0% higher than Estimate 2 for 2013-14. Buildings and structures is 2.0% lower while equipment, plant and machinery is 6.0% higher than the corresponding second estimates for 2013-14.

OTHER SELECTED INDUSTRIES

Estimate 7 for Other Selected Industries for 2012-13 is $56,274 million. This is 5.6% lower than the corresponding estimate for 2011-12. The main contributor to this decrease was Transport, Postal and Warehousing (-18.6%). Estimate 7 is 1.4% higher than Estimate 6 for 2012-13. Buildings and structures is 2.4% lower while equipment, plant and machinery is 3.8% higher than the corresponding sixth estimates for 2012-13.

Estimate 3 for Other Selected Industries for 2013-14 is $47,837 million. This is 2.1% lower than the corresponding estimate for 2012-13. The main contributor to this decrease was Wholesale Trade (-28.8%). Estimate 3 is 4.2% higher than Estimate 2 for 2013-14. Buildings and structures is 1.2% higher and equipment, plant and machinery is 6.9% higher than the corresponding second estimates for 2013-14.