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GOVERNMENT FINANCIAL STATEMENTS FOR 2004-05

The general government institutional sector accounts for most of the revenue raised and expenditure incurred in the public sector in any year.

Tables 27.1, 27.2 and 27.3 present a summary of general government sector financial activities in 2004-05, using GFS statements.

27.1 OPERATING STATEMENT: GENERAL GOVERNMENT - 2004-05
	Commonwealth	State(a)	Local	Multi-jurisdictional(b)	All levels of government(c)
	$m	$m	$m	$m	$m
GFS Revenue	241,885	131,915	21,399	13,305	335,680
GFS Expenses	230,788	125,171	19,441	12,819	316,260
Net Operating Balance	11,097	6,745	1,958	486	19,419
Net acquisition of non-financial assets	154	2,741	2,417	441	5,754
GFS Net Lending(+)/Borrowing(-)	10,942	4,004	-459	45	13,666
(a) Includes Northern Territory and Australian Capital Territory. (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 type of units in this category are the public universities. (c) The sum of individual levels of government may not agree with All levels of government figures due to transfers between levels of government.
Source: Government Finance Statistics, Australia, 2004-05 (5512.0).

27.2 CASH FLOW STATEMENT: GENERAL GOVERNMENT - 2004-05
	Commonwealth	State(a)	Local	Multi-jurisdictional (b)	All levels of government(c)
	$m	$m	$m	$m	$m
CASH FLOW STATEMENT
Cash receipts from operating activities	235,196	135,351	20,080	13,883	332,345
Cash payments for operating activities	-220,018	-118,468	-15,523	-11,979	-294,436
Net cash flows from operating activities	15,178	16,883	4,556	1,904	37,909
Net cash flows from investments in non-financial assets	-1,660	-8,797	-5,198	-1,330	-16,977
Net cash flows from investments in financial assets for policy purposes	-1,139	-572	2	1	-1,860
Net cash flows from investments in financial assets for liquidity purposes	-11,015	-5,798	-273	-314	-17,400
Net cash flows from financing activities	-1,148	-852	1,272	-439	-412
Net Increase(+)/Decrease(-) in Cash Held	215	863	359	-178	1,259
SURPLUS(+)/DEFICIT(-)
Net cash flows from operating activities and net cash flow from investments in non-financial assets	13,517	8,086	-642	574	20,931
Acquisitions of assets under financial leases and similar arrangements	-13	-283	-3	-	-299
Surplus(+)/Deficit(-)	13,505	7,803	-645	574	20,632
(a) Includes Northern Territory and Australian Capital Territory. (b) The multi-jurisdictional sector contains units where jurisdiction is shared between two or more governments, or classifications of a unit to a jurisdiction is otherwise unclear. The main type of units in this category are the public universities. (c) The sum of individual levels of government may not agree with All levels of government figures due to transfers between levels of government. Note: Negative figures denote outflows.
Source: Government Finance Statistics, Australia, 2004-05 (5512.0).

27.3 BALANCE SHEET: GENERAL GOVERNMENT - 30 June 2005
		Commonwealth	State(a)	Local	Multi-jurisdictional(b)	All levels of government(c)
		$m	$m	$m	$m	$m
Assets
	Financial assets	132,180	234,645	12,395	9,844	382,840
	Non-financial assets	42,364	279,409	181,820	23,216	526,801
	Total	174,544	514,053	194,216	33,061	909,641
Liabilities		200,189	126,721	9,826	6,791	337,293
GFS Net Worth		-25,645	387,333	184,390	26,270	572,347
Net debt(d)		8,688	-21,342	-3,684	-5,310	-21,647
Net financial worth(e)		-68,008	107,924	2,569	3,053	45,547
(a) Includes Northern Territory and Australian Capital Territory. (b) The multi-jurisdictional sector contains units where jurisdiction is shared between two or more governments, or classifications of a unit to a jurisdiction is otherwise unclear. The main type of units in this category are the public universities. (c) The sum of individual levels of government may not agree with All levels of government figures due to transfers between levels of government. (d) Equals deposits held, advances received, Reserve Bank of Australia notes on issue and borrowing less cash and deposits, advances paid, and investments, loans and placements. (e) Equals total financial assets less total liabilities less shares and other contributed capital. While Net financial worth should add across levels of government, small discrepancies may remain due to the difficulties in accurately identifying the parties and counter-parties associated with financial assets and liabilities. Source: Government Finance Statistics, Australia, 2004-05 (5512.0).

27.4 OPERATING STATEMENT: TOTAL PUBLIC SECTOR - 2004-05
	Commonwealth	State(a)	Local	Multi-jurisdictional(b)	All levels of government(c)
	$m	$m	$m	$m	$m
GFS Revenue	266,649	163,493	21,418	13,729	391,555
GFS Expenses	253,122	154,046	19,433	13,206	366,779
Net Operating Balance	13,527	9,447	1,985	523	24,774
Net acquisition of non-financial assets	466	7,851	2,460	568	11,345
GFS Net Lending(+)/Borrowing(-)	13,061	1,596	-475	-45	13,431
(a) Includes Northern Territory and Australian Capital Territory. (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 type of units in this category are the public universities. (c) The sum of individual levels of government may not agree with All levels of government figures due to transfers between levels of government.
Source: Government Finance Statistics, Australia, 2004-05 (5512.0).

27.5 BALANCE SHEET: TOTAL PUBLIC SECTOR - 30 June 2005
		Commonwealth	State(a)	Local	Multi-jurisdictional(b)	All levels of government(c)
		$m	$m	$m	$m	$m
Assets
	Financial assets	172,997	127,651	11,445	10,020	306,444
	Non-financial assets	72,245	488,224	183,217	24,928	768,605
	Total	245,242	615,875	194,662	34,949	1,075,049
Liabilities		289,534	228,531	10,272	7,675	520,333
Shares and other contributed capital		30,344	-	-	816	31,166
GFS Net Worth		-74,635	387,338	184,390	26,457	523,549
Net debt(d)		5,810	-7,316	-3,415	-4,719	-9,640
Net financial worth(e)		-146,880	-100,886	1,173	1,529	-245,055
(a) Includes Northern Territory and Australian Capital Territory. (b) The multi-jurisdictional sector contains units where jurisdiction is shared between two or more governments, or classifications of a unit to a jurisdiction is otherwise unclear. The main type of units in this category are the public universities. (c) The sum of individual levels of government may not agree with All levels of government figures due to transfers between levels of government. (d) Equals deposits held, advances received, Reserve Bank of Australia notes on issue and borrowing less cash and deposits, advances paid, and investments, loans and placements. (e) Equals total financial assets less total liabilities less shares and other contributed capital. While Net financial worth should add across levels of government, small discrepancies may remain due to the difficulties in accurately identifying the parties and counter-parties associated with financial assets and liabilities. Source: Government Finance Statistics, Australia, 2004-05 (5512.0).

27.6 CASH FLOW STATEMENT: TOTAL PUBLIC SECTOR - 2004-05
	Commonwealth	State(a)	Local	Multi-jurisdictional(b)	All levels of government(c)
	$m	$m	$m	$m	$m
CASH FLOW STATEMENT
Cash receipts from operating activities	259,947	170,140	20,096	14,326	391,499
Cash payments for operating activities	-238,168	-144,589	-15,539	-12,261	-338,161
Net cash flows from operating activities	21,779	25,550	4,557	2,066	53,336
Net cash flows from investments in non-financial assets	-5,359	-18,675	-5,261	-1,495	-30,781
Net cash flows from investments in financial assets for policy purposes	-983	437	1	1	-770
Net cash flows from investments in financial assets for liquidity purposes	-24,657	-10,134	-273	-314	-35,823
Net cash flows from financing activities	11,044	2,345	1,333	-427	14,621
Net Increase(+)/Decrease(-) in Cash Held	1,824	-478	357	-170	583
SURPLUS(+)/DEFICIT(-)
Net cash flows from operating activities and net cash flow from investments in non-financial assets	15,183	6,873	-704	350	21,317
Acquisitions of assets under financial leases and similar arrangements	-13	-284	-3	-	-300
Surplus(+)/Deficit(-)	15,171	6,589	-708	350	21,017
(a) Includes Northern Territory and Australian Capital Territory. (b) The multi-jurisdictional sector contains units where jurisdiction is shared between two or more governments, or classifications of a unit to a jurisdiction is otherwise unclear. The main type of units in this category are the public universities. (c) The sum of individual levels of government may not agree with All levels of government figures due to transfers between levels of government. Note: Negative figures denote outflows.
Source: Government Finance Statistics, Australia, 2004-05 (5512.0).