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This section sets out the Operating Statement, Cash Flow Statement and Balance Sheet for the general government sector for each state and territory government.

Operating Statement

Table 27.10 summarises the net operating results for the general government sector for each state and territory government for 2002-03.

27.10 STATE GOVERNMENTS, General government: Operating Statement - 2002-03
			NSW	Vic.	Qld	SA	WA	Tas.	NT	ACT	Total(a)
			$m	$m	$m	$m	$m	$m	$m	$m	$m
GFS Revenue
	Taxation revenue		14,161	9,251	5,598	2,431	3,388	564	246	684	36,322
	Current grants and subsidies		16,473	11,519	10,175	4,638	5,464	1,784	1,805	982	52,831
	Sales of goods and services		2,929	3,114	1,964	997	1,001	316	81	240	10,491
	Interest income(b)		443	366	-129	146	107	26	18	122	1,084
	Other		3,821	2,758	2,647	1,134	1,837	290	211	332	13,031
	Total		37,827	27,007	20,255	9,346	11,798	2,980	2,361	2,360	113,760
less
GFS Expenses
	Gross operating expenses
		Depreciation	1,773	1,017	1,460	401	598	163	125	141	5,678
		Employee expenses	15,322	10,689	9,304	3,997	5,123	1,269	937	949	47,591
		Other operating expenses	10,132	8,301	3,800	2,134	2,733	711	600	696	28,983
		Total	27,228	20,007	14,564	6,532	8,454	2,143	1,663	1,786	82,253
	Nominal superannuation interest expenses		745	937	630	299	277	101	82	11	3,081
	Other interest expenses		806	477	220	297	197	80	144	58	2,265
	Other property expenses		-	-	-	-	-	-	-	-	-
	Current transfers
		Grant expenses	3,966	2,311	2,827	1,102	1,525	320	311	333	12,691
		Subsidy expenses	1,494	755	1,355	531	502	114	93	107	4,949
		Other current transfers	463	629	87	42	260	42	10	-	1,531
	Capital transfers
		Grants to local governments	171	35	165	12	118	-	3	-	503
		Other capital transfers	1,175	338	393	83	215	11	57	16	2,288
	Total		36,048	25,488	20,240	8,899	11,548	2,811	2,361	2,310	109,562
equals
GFS Net Operating Balance			1,780	1,519	15	448	250	170	-	50	4,199
less
Net acquisition of non-financial assets
	Gross fixed capital formation		2878	1,947	1,596	400	683	122	199	115	7,939
	less Depreciation		1,773	1,017	1,460	401	598	163	125	141	5,678
	plus Change in inventories		4	2	9	2	7	-	-	-	24
	plus Other transactions in non-financial assets		-51	-23	12	34	-35	-1	-2	-116	-182
	Total		1,057	909	156	35	57	-42	73	-142	2,102
equals
GFS Net Lending(+)/Borrowing(-)			722	610	-141	413	193	212	-74	192	2,096
(a) The sums of all individual state jurisdictions may not agree with total state figures, due to transfers between jurisdictions. (b) Negative interest income in Queensland reflects low investment earnings due to volatility and poor performance of domestic and international equity markets. Source: Government Finance Statistics, Australia, 2002-03 (5512.0).

27.11 STATE GOVERNMENTS, General government: Cash Flow Statement - 2002-03
		NSW	Vic.	Qld	SA	WA	Tas.	NT	ACT	Total(a)
		$m	$m	$m	$m	$m	$m	$m	$m	$m
CASH FLOW STATEMENT
Cash receipts from operating activities
	Taxes received	13,956	9,101	5,603	2,432	3,339	564	245	657	35,897
	Receipts from sales of goods and services	3,055	3,174	2,042	933	956	229	124	292	10,563
	Grants and subsidies received	17,584	12,101	10,693	4,883	5,801	1,848	1,888	1,032	55,823
	Other receipts	4,144	2,375	2,363	1,233	2,156	514	106	279	13,154
	Total	38,740	26,751	20,701	9,481	12,251	3,154	2,363	2,260	115,437
Cash payments for operating activities
	Payments for goods and services	-23,974	-20,430	-12,856	-6,249	-7,920	-2,034	-1,544	-1,363	-76,132
	Grants and subsidies paid	-6,875	-3,437	-4,724	-1,754	-2,417	-510	-460	-441	-20,613
	Interest paid	-822	-452	-215	-279	-195	-79	-145	-56	-2,228
	Other payments	-1,766	-537	-666	-158	-772	-109	-10	-149	-4,167
	Total	-33,437	-24,856	-18,461	-8,440	-11,304	-2,731	-2,158	-2,008	-103,141
Net cash flows from operating activities		5,304	1,894	2,241	1,040	947	423	205	252	12,297
Net cash flows from investments in non-financial assets
	Sales of non-financial assets	508	128	636	41	118	63	30	132	1,657
	Purchases of new non-financial assets	-3,003	-1,977	-2,232	-422	-795	-184	-226	-131	-8,969
	Purchases of secondhand non-financial assets	-	-	-	-	-	-	-	-	-
	Total	-2,495	-1,849	-1,596	-381	-677	-121	-196	1	-7,312
Net cash flows from investments in financial assets for policy purposes		914	-322	-380	82	-107	22	29	30	267
Net cash flows from investments in financial assets for liquidity purposes		-1,114	-245	74	-18	48	-	-116	-392	-1,764
Net cash flows from financing activities
	Advances received (net)	-31	-2	-	-13	-	-6	14	-11	-49
	Borrowing (net)	-1,017	-9	96	-451	17	-748	-53	-29	-2,195
	Deposits received (net)	-10	16	-	-73	-9	-	53	-	-23
	Other financing (net)	-4	-27	-	-2	-65	-24	-1	-13	-127
	Total	-1,062	-22	96	-540	-57	-777	12	-53	-2,394
Net Increase(+)/Decrease(-) in Cash Held		1,547	-544	434	184	155	-453	-66	-162	1,095
SURPLUS(+)/DEFICIT(-)
Net cash flows from operating activities and net cash flows from investments in non-financial assets		2,809	45	645	659	271	302	9	254	4,985
Acquisitions of assets under finance leases and similar arrangements		-345	-	-1	-	-	-	-	-	-346
Surplus(+)/Deficit(-)		2,464	45	644	659	271	302	9	254	4,639
(a) The sums of all individual state jurisdictions may not agree with total state figures, due to transfers between jurisdictions. Note: Negative figures denote outflows. Source: Government Finance Statistics, Australia, 2002-03 (5512.0).

27.12 STATE GOVERNMENTS, General government: Balance Sheet - 30 June 2003
			NSW	Vic.	Qld	SA	WA	Tas.	NT	ACT	Total(a)
			$m	$m	$m	$m	$m	$m	$m	$m	$m
Assets
	Financial assets
		Cash and deposits	1,091	1,123	1,613	2,052	283	520	52	722	7,456
		Advances paid	1,403	207	164	1,167	867	103	49	525	4,486
		Investments, loans and placements	7,941	4,030	13,173	170	1,470	1	486	1,274	28,365
		Other non-equity assets	5,381	1,527	4,435	305	750	299	119	302	13,099
		Equity	66,779	28,564	12,775	10,482	16,271	4,032	1,407	3,419	143,730
		Total	82,595	35,452	32,160	14,176	19,641	4,955	2,114	6,242	197,136
	Non-financial assets
		Land and fixed assets	78,944	40,898	53,914	11,710	28,246	5,893	3,580	5,312	228,496
		Other non-financial assets	1,046	1,464	-	78	11	-	-	375	2,974
		Total	79,990	42,362	53,914	11,787	28,257	5,893	3,580	5,687	231,470
	Total		162,585	77,813	86,075	25,964	47,898	10,848	5,693	11,930	428,606
Liabilities
	Deposits held		52	409	-	329	298	24	207	52	1,370
	Advances received		1,804	6	-	780	581	315	17	272	3,775
	Borrowing		10,166	6,245	3,690	2,947	2,105	770	1,708	622	28,073
	Unfunded superannuation liability and other employee entitlements		19,423	16,337	14,204	5,796	6,541	2,396	1,708	1,994	68,399
	Other provisions		6,466	278	1,149	1	-	-	77	25	7,996
	Other non-equity liabilities		3,634	1,859	2,138	806	657	144	68	336	9,623
	Total		41,546	25,135	21,181	10,658	10,182	3,648	3,784	3,301	119,234
GFS Net Worth			121,039	52,679	64,893	15,306	37,716	7,200	1,909	8,629	309,372
Net debt(b)			1,587	1,300	-11,260	666	364	485	1,344	-1,575	-7,090
Net financial worth(c)			41,049	10,317	10,979	3,519	9,459	1,307	-1,671	2,941	77,902
(a) The sums of all individual state jurisdictions may not agree with total state figures, due to assets and liabilities held between jurisdictions. (b) Equals deposits held, advances received and borrowing less cash and deposits, advances paid, and investments, loans and placements. (c) Equals total financial assets less total liabilities. Source: Government Finance Statistics, Australia, 2002-03 (5512.0).