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This section sets out the Operating Statement, Cash Flow Statement and Balance Sheet for the general government sector for all levels of government.

Operating Statement

Table 27.4 presents an Operating Statement for the general government sector for 2002-03.

In 2002-03 the GFS NOB for the general government sector for all levels of government combined was $11,467m, indicating that GFS operating revenue exceeded GFS operating expenses. The largest contributor to this result was the NOB for the Commonwealth Government of $6,212m.

GFS Net Lending for the general government sector for all levels of government combined was $8,425m. The Commonwealth Government and the state governments contributed $6,430m and $2,096m respectively to the aggregate result.

27.4 ALL LEVELS OF GOVERNMENT, General government: Operating Statement - 2002-03
			Commonwealth	Multi- jurisdictional(a)	State	Local	All levels of government(b)
			$m	$m	$m	$m	$m
GFS Revenue
	Taxation revenue		194,313	-	36,322	7,201	237,477
	Current grants and subsidies		-	4,858	52,831	2,202	1,397
	Sales of goods and services		3,805	5,692	10,491	6,148	24,346
	Interest from public non-financial corporations		-	-	167	-	167
	Interest from public financial corporations		468	14	434	56	971
	Interest from other sources		717	173	483	356	1,518
	Dividend income		3,958	50	3,263	40	7,312
	Other		2,928	864	9,768	3,152	13,399
	Total		206,189	11,651	113,760	19,156	286,586
less
GFS Expenses
	Gross operating expenses
		Depreciation	1,795	764	5,678	3,746	11,983
		Employee expenses	15,048	6,160	47,591	6,167	74,962
		Other operating expenses	36,577	3,987	28,983	7,054	74,707
		Total	53,420	10,911	82,253	16,967	161,652
	Nominal superannuation interest expenses		5,409	-	3,081	-	8,490
	Other interest expenses		4,890	39	2,265	383	7,358
	Other property expenses		-	-	-	-	-
	Current transfers
		Grant expenses to state governments	51,172	1	561	-	561
		Grant expenses to the private sector	7,181	48	10,158	77	17,464
		Grant expenses to universities	4,381	-	191	-	-
		Grant expenses to local governments	274	-	1,780	-	-
		Grant expenses n.e.c.	184	-	1	-	185
		Subsidy expenses to public corporations	68	-	3,986	32	4,086
		Subsidy expenses to other	5,149	11	963	-	6,121
		Other current transfers	64,670	362	1,531	91	66,314
	Capital transfers
		Grant expenses to public non-financial corporations	-	-	893	7	900
		Grant expenses to public financial corporations	-	-	21	-	21
		Grant expenses to other levels of government	2,596	-	513	-	-
		Grant expenses n.e.c.	585	-	986	14	1,585
		Other capital transfers	-	3	378	19	382
	Total		199,978	11,376	109,562	17,591	275,120
equals
GFS Net Operating Balance			6,212	275	4,199	1,565	11,467
less
Net acquisition of non-financial assets
	Gross fixed capital formation		2,530	932	7,939	4,653	16,055
	less Depreciation		1,795	764	5,678	3,746	11,983
	plus Change in inventories		-443	-8	24	-9	-435
	plus Other transactions in non-financial assets		-511	-16	-182	115	-594
	Total		-219	144	2,102	1,014	3,042
equals
GFS Net Lending(+)/Borrowing(-)			6,430	131	2,096	552	8,425
(a) 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 currently falling into this category are the public universities. (b) The sums of individual levels of government may not agree with total figures for all levels of government due to transfers between levels of government. Source: Government Finance Statistics, Australia, 2002-03 (5512.0).

27.5 ALL LEVELS OF GOVERNMENT, General government: Cash Flow Statement - 2002-03
		Commonwealth	Multi- jurisdictional(a)	State	Local	All levels of government(b)
		$m	$m	$m	$m	$m
CASH FLOW STATEMENT
Cash receipts from operating activities
	Taxes received	191,374	-	35,897	7,200	234,135
	Receipts from sales of goods and services	3,674	4,980	10,563	5,959	23,303
	Grants and subsidies received	-	4,942	55,823	2,685	1,364
	Interest received from public non-financial corporations	-	-	160	-	160
	Interest received from public financial corporations	468	3	427	55	953
	Interest from other sources	514	129	967	377	1,775
	Other receipts	6,782	1,509	11,600	1,713	19,406
	Total	202,812	11,563	115,437	17,989	281,098
Cash payments for operating activities
	Payments for goods and services	-51,854	-8,695	-76,132	-13,344	-148,156
	Grants and subsidies paid to state governments	-53,718	-19	-1	-	-
	Grants and subsidies paid to the private sector	-12,382	-	-12,595	-73	-25,031
	Grants and subsidies paid to universities	-4,429	-	-100	-	-
	Grants and subsidies paid to local governments	-276	-	-2,436	-15	-15
	Grants and subsidies paid to public corporations	-252	-	-5,481	-	-5,733
	Interest paid	-4,623	-42	-2,228	-385	-7,063
	Other payments	-65,825	-1,707	-4,167	-290	-69,468
	Total	-193,359	-10,444	-103,141	-14,107	-255,466
Net cash flows from operating activities		9,453	1,119	12,297	3,881	25,632
Net cash flows from investments in non-financial assets
	Sales of non-financial assets	1,258	284	1,657	774	3,973
	Purchases of new non-financial assets	-3,306	-1,198	-8,969	-4,650	-18,123
	Purchases of secondhand non-financial assets	-	-	-	-1	-1
	Total	-2,048	-914	-7,312	-3,877	-14,151
Net cash flows from investments in financial assets for policy purposes		-229	10	267	18	-65
Net cash flows from investments in financial assets for liquidity purposes		-1,743	-65	-1,764	44	-3,526
Net cash flows from financing activities
	Advances received (net)	-	-1	-49	1	86
	Borrowing (net)	-6,012	11	-2,195	-65	-8,244
	Deposits received (net)	107	1	-23	38	101
	Other financing (net)	580	78	-127	-538	1,118
	Total	-5,325	89	-2,394	-564	-6,938
Net Increase(+)/Decrease(-) in Cash Held		108	238	1,095	-497	951
SURPLUS(+)/DEFICIT(-)
Net cash flows from operating activities and net cash flows from investments in non-financial assets		7,405	205	4,985	5	11,481
Acquisitions of assets under finance leases and similar arrangements		-1	-	-346	-1	-347
Surplus(+)/Deficit(-)		7,404	205	4,639	4	11,134
(a) 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 currently falling into this category are the public universities. (b) The sums of individual levels of government may not agree with totals for all levels of government due to transfers between levels of government. Note: Negative figures denote outflows. Source: Government Finance Statistics, Australia, 2002-03 (5512.0).

27.6 ALL LEVELS OF GOVERNMENT, General government: Balance Sheet - 30 June 2003
			Commonwealth	Multi- jurisdictional(a)	State	Local	All levels of government(b)
			$m	$m	$m	$m	$m
Assets
	Financial assets
		Cash and deposits	2,339	893	7,456	2,857	13,541
		Advances paid	22,531	9	4,486	10	22,250
		Investments, loans and placements	21,805	4,170	28,365	5,264	59,582
		Other non-equity assets	18,829	3,250	13,099	1,699	34,454
		Equity	44,381	431	143,730	622	189,163
		Total	109,886	8,754	197,136	10,452	318,990
	Non-financial assets
		Land and fixed assets	35,996	19,944	228,496	156,412	440,848
		Other non-financial assets	222	119	2,974	1,388	4,693
		Total	36,218	20,063	231,470	157,800	445,540
	Total		146,104	28,817	428,606	168,252	764,530
Liabilities
	Deposits held		2,480	16	1,370	249	4,110
	Advances received		-	16	3,775	46	-
	Borrowing		72,440	652	28,073	5,168	105,360
	Unfunded superannuation liability and other employee entitlements		97,253	4,377	68,399	1,645	171,675
	Other provisions		2,689	30	7,996	239	10,954
	Other non-equity liabilities		17,547	1,164	9,623	1,743	27,642
	Total		192,410	6,255	119,234	9,091	319,741
GFS Net Worth			-46,307	22,563	309,372	159,162	444,790
Net debt(c)			28,244	-4,389	-7,090	-2,668	14,098
Net financial worth(d)			-82,524	2,499	77,902	1,362	-751
(a) 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 currently falling into this category are the public universities. (b) The sums of individual levels of government may not agree with total figures for all levels of government due to assets and liabilities held between levels of government. (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. 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, 2002-03 (5512.0).