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GENERAL GOVERNMENT, LOCAL GOVERNMENTS

OPERATING STATEMENT

Table 27.10 summarises the net operating results for the general government sector for local governments for 2003-04.

27.10 LOCAL GOVERNMENTS, General government Operating Statement - 2003-04
			NSW	Vic.	Qld	SA	WA	Tas.	NT	ACT(a)	Aust.(b)
			$m	$m	$m	$m	$m	$m	$m	$m	$m
GFS Revenue
	Taxation revenue		2,427	2,002	1,515	680	801	184	54	. .	7,663
	Current grants and subsidies		672	639	468	164	293	74	116	. .	2,427
	Sales of goods and services		2,251	863	2,196	206	395	223	44	. .	6,178
	Interest income		251	60	107	20	51	12	5	. .	505
	Other		1,016	756	1,146	87	369	55	82	. .	3,511
	Total		6,615	4,319	5,432	1,158	1,909	548	301	. .	20,283
less
GFS Expenses
	Gross operating expenses
		Depreciation	1,141	716	1,101	273	418	135	62	. .	3,847
		Employee expenses	2,283	1,453	1,634	371	601	158	104	. .	6,604
		Other operating expenses	2,289	1,916	1,615	460	653	216	137	. .	7,287
		Total	5,714	4,085	4,350	1,105	1,672	509	303	. .	17,737
	Property expenses
		Other interest expenses	89	47	179	27	14	9	-	. .	364
	Current transfers
		Grant expenses	37	-	52	10	9	1	-	. .	109
		Subsidy expenses	3	-	1	-	4	-	-	. .	8
		Other current transfers	-	-	-	3	-	10	-	. .	13
	Capital transfers
		Grant expenses	-	-	14	-	3	-	2	. .	19
		Other capital transfers	6	-	3	-	2	1	1	. .	14
	Total		5,849	4,131	4,599	1,145	1,704	530	307	. .	18,265
equals
GFS Net Operating Balance			767	188	833	13	204	18	-6	. .	2,018
less
Net acquisition of non-financial assets
	Gross fixed capital formation		1,614	1,081	1,765	317	547	148	40	. .	5,512
	less Depreciation		1,141	716	1,101	273	418	135	62	. .	3,847
	plus Change in inventories		-2	-1	6	9	-8	-	-1	. .	4
	plus Other transactions in non-financial assets		196	-31	27	-7	4	-2	1	. .	187
	Total		668	334	697	45	124	10	-22	. .	1,857
equals
GFS Net Lending(+)/Borrowing(-)			99	-145	135	-32	80	8	16	. .	161
(a) The ACT has no separate local government. (b) The sum of individual jurisdictions may not agree with the total figure for all states due to transfers between jurisdictions. Source: ABS data available on request, Government Finance collection.

27.11 LOCAL GOVERNMENTS, General government Cash Flow Statement - 2003-04
		NSW	Vic.	Qld	SA	WA	Tas.	NT	ACT(a)	Aust(b)
		$m	$m	$m	$m	$m	$m	$m	$m	$m
CASH FLOW STATEMENT
Cash receipts from operating activities
	Taxes received	2,387	2,099	1,516	676	800	190	54	. .	7,721
	Receipts from sales of goods and services	2,047	931	2,156	247	526	224	115	. .	6,246
	Grants and subsidies received	779	558	689	213	268	99	77	. .	2,684
	Other receipts	1,282	256	681	21	204	59	49	. .	2,552
	Total	6,495	3,844	5,042	1,156	1,798	572	295	. .	19,203
Cash payments for operating activities
	Payments for goods and services	-3,866	-3,281	-3,355	-851	-1,055	-359	-236	. .	-13,004
	Grants and subsidies paid	-11	-36	-67	-10	-9	-1	-1	. .	-135
	Interest paid	-88	-43	-158	-28	-15	-9	-	. .	-340
	Other payments	-993	-125	-71	-2	-213	-46	-47	. .	-1,496
	Total	-4,958	-3,485	-3,650	-891	-1,291	-415	-285	. .	-14,974
Net cash flows from operating activities		1,537	359	1,392	266	508	158	10	. .	4,229
Net cash flows from investments in non-financial assets
	Sales of non-financial assets	348	129	98	62	84	13	2	. .	735
	Purchases of new non-financial assets	-1,906	-853	-1,421	-332	-545	-149	-42	. .	-5,249
	Purchases of secondhand non-financial assets	-	-	-	-	-	-	-	. .	-
	Total	-1,558	-724	-1,324	-271	-461	-136	-40	. .	-4,514
Net cash flows from investments in financial assets for policy purposes		-1	-	-	1	18	-	-	. .	18
Net cash flows from investments in financial assets for liquidity purposes		-124	13	-18	-	6	-6	-7	. .	-137
Net cash flows from financing activities
	Advances received (net)	-1	-	2	-	10	-	3	. .	14
	Borrowing (net)	58	-24	-26	4	24	-3	-	. .	31
	Deposits received (net)	5	11	-	1	4	-	-	. .	22
	Other financing (net)	141	502	161	11	-11	-	41	. .	844
	Total	203	489	137	16	26	-3	44	. .	910
Net Increase(+)/Decrease(-) in Cash Held		56	137	187	12	96	12	6	. .	506
SURPLUS(+)/DEFICIT(-)
Net cash flows from operating activities and net cash flows from investments in non-financial assets		-21	-365	68	-5	46	21	-30	. .	-286
Acquisitions of assets under finance leases and similar arrangements		-	-	-	-4	-	-	-	. .	-3
Surplus(+)/Deficit(-)		-21	-365	68	-9	46	22	-30	. .	-289
(a) The ACT has no separate local government. (b) The sum of individual jurisdictions may not agree with the total figure for all states due to transfers between jurisdictions. Note: Negative figures denote outflows. Source: ABS data available on request, Government Finance collection.

27.12 LOCAL GOVERNMENTS, General Government Balance Sheet - 30 June 2004
			NSW	Vic.	Qld	SA	WA	Tas.	NT	ACT(a)	Aust.(b)
			$m	$m	$m	$m	$m	$m	$m	$m	$m
Assets
	Financial assets
		Cash and deposits	1,490	654	1,819	28	361	83	73	. .	4,508
		Advances paid	2	1	1	-	1	4	-	. .	8
		Investments, loans and placements	3,180	635	124	20	444	111	63	. .	4,578
		Other non-equity assets	643	454	375	75	173	30	13	. .	1,763
		Equity	-	-	345	24	-	276	-	. .	645
		Total	5,315	1,743	2,664	146	979	504	148	. .	11,501
	Non-financial assets
		Land and fixed assets	67,422	37,298	38,325	9,496	11,629	4,286	895	. .	169,350
		Other non-financial assets	1,211	404	137	2	25	7	17	. .	1,802
		Total	68,633	37,702	38,462	9,498	11,653	4,292	911	. .	171,152
	Total		73,948	39,446	41,127	9,644	12,633	4,796	1,060	. .	182,654
Liabilities
	Deposits held		145	79	3	241	19	4	-	. .	490
	Advances received		8	11	-	371	3	-	3	. .	397
	Borrowing		1,447	563	2,610	164	257	132	3	. .	5,178
	Unfunded superannuation liability and other employee entitlements		744	302	443	84	99	44	10	. .	1,725
	Other provisions		191	42	6	16	5	2	1	. .	262
	Other non-equity liabilities		660	440	451	103	197	38	29	. .	1,917
	Total		3,195	1,436	3,512	980	580	220	46	. .	9,969
GFS Net Worth			70,753	38,010	37,614	8,665	12,053	4,576	1,013	. .	172,685
Net debt(c)			-3,072	-637	669	729	-527	-61	-129	. .	-3,029
Net financial worth(d)			2,121	308	-848	-833	399	284	102	. .	1,532
(a) The ACT has no separate local government. (b) The sum of individual jurisdictions may not agree with the total figure for all states due to transfers between jurisdictions. (c) Equals deposits held, advances received and borrowing less cash and deposits, advances paid, and investments, loans and placements. (d) Equals total financial assets less total liabilities less shares and other contributed capital. Source: ABS data available on request, Government Finance collection.