Performance can be measured by value added, which decreased by 2.0% from 1998-99 to 1999-2000, despite purchases and expenses increasing by 12.6%. Turnover increased by 7.5% in 1999-2000 to $513.9m.
MINING FINANCIAL OPERATIONS, Tasmania
|
 | Turnover | Opening
inventories | Closing
inventories | Purchases &
selected expenses | Value
added(a) | Net capital
expenditure |
| | | | | | |
| Year | $m | $m | $m | $m | $m | $m |
|
| 1995-96 | 371.9 | 52.8 | 57.6 | 160.0 | 216.7 | 126.2 |
| 1996-97 | 422.5 | 55.3 | 60.3 | 210.9 | 216.1 | 49.3 |
| 1997-98 | 423.8 | 60.3 | 47.2 | 247.2 | 163.5 | 48.7 |
| 1998-99 | 478.0 | 46.6 | 50.8 | 295.7 | 186.5 | 43.4 |
| 1999-2000 | 513.9 | 67.2 | 68.9 | 332.9 | 182.7 | 34.4 |
(a) Value added = turnover + closing inventories - opening inventories - net capital expenditure.
Source: Mining Operations, Australia (Cat. no. 8415.0); Australian Mining Industry (Cat. no. 8414.0). |
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