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. Commentary in this section includes reference to some unpublished data, providing some further analysis of change in these estimates by detailed industry. Advice about the application of realisation ratios to these estimates is in paragraphs 26 to 29 of the Explanatory Notes.

The timing and construction of these estimates are as follows:

TOTAL CAPITAL EXPENDITURE

Estimate 5 for total capital expenditure for 2010–11 is $128,931 million. This is 16.2% higher than Estimate 5 for 2009–10. The main contributors to this increase were Mining (34.1%) and Rental, Hiring and Real Estate Services (24.0%). Estimate 5 is 3.6% higher than Estimate 4 for 2010–11. The main contributor to this increase was Other Selected Industries (7.9%).

Estimate 1 for total capital expenditure for 2011–12 is $132,716 million. This is 30.3% higher than Estimate 1 for 2010–11. The main contributor to this increase was Mining (54.8%).

BUILDINGS AND STRUCTURES

Estimate 5 for buildings and structures for 2010–11 is $77,123 million. This is 33.5% higher than Estimate 5 for 2009–10. The main contributors to this increase were Mining (38.9%) and Rental, Hiring and Real Estate Services (89.7%). Estimate 5 for buildings and structures is 1.5% higher than Estimate 4 for 2010–11.

Estimate 1 for buildings and structures for 2011–12 is $91,107 million. This is 43.4% higher than Estimate 1 for 2010–11. The main contributors to this increase were Mining (58.6%) and Rental, Hiring and Real Estate Services (72.4%).

EQUIPMENT, PLANT AND MACHINERY

Estimate 5 for equipment, plant and machinery for 2010–11 is $51,808 million. This is 2.6% lower than Estimate 5 for 2009–10. The main contributor to this decrease was Rental, Hiring and Real Estate Services (-20.0%). Estimate 5 is 6.9% higher than Estimate 4 for 2010–11. The main contributor to this increase was Other Selected Industries (8.8%).

Estimate 1 for equipment, plant and machinery for 2011–12 is $41,609 million. This is 8.7% higher than Estimate 1 for 2010–11. The main contributor to this increase was Mining (37.8%).

MINING

Estimate 5 for Mining for 2010–11 is $55,518 million. This is 34.1% higher than the corresponding estimate for 2009–10. Estimate 5 is 1.1% higher than Estimate 4 for 2010–11. Buildings and structures is 0.3% higher and equipment, plant and machinery is 3.9% higher than the corresponding fourth estimates for 2010–11.

Estimate 1 for Mining for 2011–12 is $75,989 million. This is 54.8% higher than the corresponding estimate for 2010–11. Buildings and structures is 58.6% higher and equipment, plant and machinery is 37.8% higher.

MANUFACTURING

Estimate 5 for Manufacturing for 2010–11 is $13,071 million. This is 6.6% higher than the corresponding estimate for 2009–10. Estimate 5 is 3.9% lower than Estimate 4 for 2010–11. Buildings and structures is 13.0% lower while equipment, plant and machinery is 3.7% higher than the corresponding fourth estimates for 2010–11.

Estimate 1 for Manufacturing for 2011–12 is $11,519 million. This is 6.5% higher than the corresponding estimate for 2010–11. Buildings and structures is 5.5% higher and equipment, plant and machinery is 7.3% higher.

OTHER SELECTED INDUSTRIES

Estimate 5 for Other Selected Industries for 2010–11 is $60,341 million. This is 5.3% higher than the corresponding estimate for 2009–10. The main contributor to this increase was Rental, Hiring and Real Estate Services (24.0%). Estimate 5 is 7.9% higher than Estimate 4 for 2010–11. Buildings and structures is 6.9% higher and equipment, plant and machinery is 8.8% higher than the corresponding fourth estimates for 2010–11.

Estimate 1 for Other Selected Industries for 2011–12 is $45,209 million. This is 7.9% higher than the corresponding estimate for 2010–11. The main contributor to this increase, was Transport and Storage (27.3%). Buildings and structures is 20.8% higher and equipment, plant and machinery is 2.4% lower.