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BALANCE SHEET RESULTS, 2010-11



GFS net worth reflects the contribution of governments to the wealth of Australia. The consolidated net worth as at 30 June 2011 for All Levels of Government was $905,642m.
 
The following table presents 30 June 2011 balance sheet aggregates by sector for the various levels of government.

BALANCE SHEET RESULTS, At 30 June 2011
		General Government	Non–financial Public Sector	Total Public Sector(a)
		2010–11	2010–11	2010–11
		$m	$m	$m
All Levels of Government
	Total assets	1 593 290	1 715 663	1 866 109
	Total liabilities	687 647	808 423	960 565
	Shares and other contributed capital	–	1 597	–98
	GFS Net worth	905 643	905 643	905 642
Commonwealth Government
	Total assets	323 035	326 843	401 607
	Total liabilities	419 127	422 936	497 699
	Shares and other contributed capital	–	–	–
	GFS Net worth	–96 093	–96 093	–96 093
State and Local Government
	Total assets	1 230 257	1 348 441	1 429 603
	Total liabilities	266 887	383 474	466 331
	GFS Net worth	963 370	963 370	963 369
Multi-jurisdictional(b)
	Total assets	50 838	53 077	53 077
	Total liabilities	12 472	12 939	12 939
	GFS Net worth	38 366	38 366	38 366
– 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.