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This section sets out the Operating Statement, Cash Flow Statement and Balance Sheet for the total public sector for local governments. The Australian Capital Territory has no separate local government.

Operating Statement

Table 27.13 summarises the net operating results for the total public sector for local governments for 2002-03.

27.13 LOCAL GOVERNMENTS, Total public sector: Operating Statement - 2002-03
			NSW	Vic.	Qld	SA	WA	Tas.	NT	ACT(a)	Total(b)
			$m	$m	$m	$m	$m	$m	$m	$m	$m
GFS Revenue
	Taxation revenue		2,346	1,826	1,423	629	752	175	48	. .	7,201
	Current grants and subsidies		765	516	465	152	187	72	50	. .	2,202
	Sales of goods and services		2,223	790	2,316	201	351	208	59	. .	6,152
	Interest income		210	47	91	14	38	12	4	. .	415
	Other		1,042	798	856	73	320	40	18	. .	3,153
	Total		6,586	3,977	5,151	1,069	1,648	506	179	. .	19,124
less
GFS Expenses
	Gross operating expenses
		Depreciation	1,125	691	1,094	257	404	134	54	. .	3,762
		Employee expenses	2,142	1,410	1,497	336	566	152	67	. .	6,176
		Other operating expenses	2,205	1,800	1,612	444	599	198	144	. .	7,009
		Total	5,472	3,901	4,203	1,037	1,568	484	265	. .	16,947
	Property expenses
		Other interest expenses	92	39	216	26	14	14	1	. .	402
		Income tax equivalent expenses	-	-	13	-	-	2	-	. .	14
	Current transfers
		Grant expenses	3	30	26	8	7	2	-	. .	77
		Tax expenses	11	-	9	-	-	-	-	. .	19
		Other current transfers	61	-		1	-	9	-	. .	72
	Capital transfers
		Grant expenses	-	-	11	-	2	-	2	. .	14
		Other capital transfers	8	-	7	1	1	1	-	. .	18
	Total		5,647	3,970	4,485	1,074	1,593	512	267	. .	17,565
equals
GFS Net Operating Balance			939	7	666	-5	55	-6	-97	. .	1,559
less
Net acquisition of non-financial assets
	Gross fixed capital formation		1,384	1,006	1,300	317	473	146	43	. .	4,669
	less Depreciation		1,125	691	1,094	257	404	134	57	. .	3,762
	plus Change in inventories		-8	-3	1	-1	2	1	-	. .	-8
	plus Other transactions in non-financial assets		156	-38	4	7	-9	-	-	. .	120
	Total		407	274	211	67	62	12	-14	. .	1,020
equals
GFS Net Lending(+)/Borrowing(-)			531	-267	456	-72	-7	-18	-83	. .	540
(a) The ACT has no separate local government. (b) The sums of local governments at the state level may not equal the total local figure, due to transfers between jurisdictions. Source: Government Finance Statistics, Australia, 2002-03 (5512.0).

27.14 LOCAL GOVERNMENTS, Total public sector: Cash Flow Statement - 2002-03
		NSW	Vic.	Qld	SA	WA	Tas.	NT	ACT(a)	Total(b)
		$m	$m	$m	$m	$m	$m	$m	$m	$m
CASH FLOW STATEMENT
Cash receipts from operating activities
	Taxes received	2,256	1,943	1,411	620	746	177	46	. .	7,200
	Receipts from sales of goods and services	1,969	834	2,224	237	409	201	89	. .	5,962
	Grants and subsidies received	738	552	795	170	317	66	48	. .	2,685
	Other receipts	1,177	263	433	15	180	51	5	. .	2,124
	Total	6,140	3,591	4,862	1,043	1,652	495	187	. .	17,970
Cash payments for operating activities
	Payments for goods and services	-4,868	-2,978	-3,094	-768	-1,118	-303	-206	. .	-13,336
	Grants and subsidies paid	-5	-31	-16	-9	-10	-1	-	. .	-73
	Interest paid	-97	-36	-216	-27	-14	-13	-1	. .	-404
	Other payments	-85	-49	-104	-2	-9	-41	-	. .	-290
	Total	-5,056	-3,095	-3,430	-806	-1,151	-359	-206	. .	-14,103
Net cash flows from operating activities		1,085	497	1,432	236	501	136	-19	. .	3,867
Net cash flows from investments in non-financial assets
	Sales of non-financial assets	357	143	154	37	72	11	2	. .	775
	Purchases of new non-financial assets	-1,590	-858	-1,202	-321	-515	-141	-42	. .	-4,671
	Purchases of secondhand non-financial assets	-	-	-1	-	-1	-	-	. .	-2
	Total	-1,234	-715	-1,049	-284	-444	-131	-41	. .	-3,898
Net cash flows from investments in financial assets for policy purposes		-8	17	-	7	2	-1	1	. .	18
Net cash flows from investments in financial assets for liquidity purposes		-77	54	37	-	14	-3	-	. .	25
Net cash flows from financing activities
	Advances received (net)	2	-	1	-1	-	-	-	. .	-1
	Borrowing (net)	-30	-15	-17	-10	21	-10	-2	. .	-64
	Deposits received (net)	17	1	-	18	1	-	-	. .	38
	Other financing (net)	167	-18	-591	26	-132	8	61	. .	-478
	Total	156	-32	-607	34	-110	-2	59	. .	-503
Net Increase(+)/Decrease(-) in Cash Held		-78	-179	-187	-7	-37	-1	-	. .	-491
SURPLUS(+)/DEFICIT(-)
Net cash flows from operating activities and net cash flows from investments in non-financial assets		-149	-219	383	-48	57	5	-60	. .	-31
Acquisitions of assets under finance leases and similar arrangements		-	-	-	-1	-	-	-	. .	-1
Surplus(+)/Deficit(-)		-149	-219	383	-49	57	5	-60	. .	-32
(a) The ACT has no separate local government. (b) The sums of local governments at the state level may not equal the total local figure, due to transfers between jurisdictions. Note: Negative figures denote outflows. Source: Government Finance Statistics, Australia, 2002-03 (5512.0).

27.15 LOCAL GOVERNMENTS, Total public sector: Balance Sheet - 30 June 2003
			NSW	Vic.	Qld	SA	WA	Tas.	NT	ACT(a)	Total(b)
			$m	$m	$m	$m	$m	$m	$m	$m	$m
Assets
	Financial assets
		Cash and deposits	279	586	1,631	17	228	86	55	. .	2,882
		Advances paid	2	2	-	-	1	6	-	. .	11
		Investments, loans and placements	3,874	579	240	25	449	87	46	. .	5,300
		Other non-equity assets	546	451	416	86	161	43	13	. .	1,716
		Equity	-	-	-1	12	-	-	-	. .	11
		Total	4,701	1,618	2,287	140	838	222	114	. .	9,920
	Non-financial assets
		Land and fixed assets	65,085	33,546	36,309	8,724	8,326	4,379	916	. .	157,285
		Other non-financial assets	913	442	-	2	16	13	5	. .	1,391
		Total	65,998	33,988	36,309	8,726	8,342	4,391	921	. .	158,676
	Total		70,699	35,606	38,596	8,866	9,181	4,614	1,035	. .	168,596
Liabilities
	Deposits held		110	67	2	59	7	3	-	. .	249
	Advances received		11	9	-	22	2	-	-	. .	45
	Borrowing		1,370	614	2,884	138	228	199	6	. .	5,439
	Unfunded superannuation liability and other employee entitlements		664	352	411	80	91	45	9	. .	1,652
	Other provisions		188	29	19	11	3	5	-	. .	254
	Other non-equity liabilities		584	410	385	111	192	46	28	. .	1,756
	Total		2,925	1,480	3,703	421	524	298	43	. .	9,395
Shares and other contributed capital			-	-	39	-	-	-	-	. .	38
GFS Net Worth			67,773	34,126	34,854	8,444	8,657	4,316	992	. .	159,162
Net debt(c)			-2,665	-476	1,015	178	-439	24	-95	. .	-2,459
Net financial worth(d)			1,776	137	-1,455	-282	314	-76	71	. .	486
(a) The ACT has no separate local government. (b) The sums of local governments at the state level may not equal the total local figure, due to assets and liabilities held 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: Government Finance Statistics, Australia, 2002-03 (5512.0).