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This section sets out the Operating Statement, Cash Flow Statement and Balance Sheet for the general government sector for all Australian governments combined.
Operating Statement
Table 27.8 provides an Operating Statement for the general government sector for 1999-2000.
For 1999-2000 the GFS Net Operating Balance (NOB) for the general government sector for all Australian governments combined was $16,782m. The two largest components of this figure were the NOBs for the Commonwealth and the State Governments, $12,244m and $4,498m respectively.
GFS Net Lending for the general government sector for all Australian governments combined was $14,206m for 1999-2000. The Commonwealth Government and the State Governments contributed $13,469m and $1,819m respectively to this aggregate.
27.8 ALL AUSTRALIAN GOVERNMENTS, General Government, Operating Statement - 1999-2000 |
|
| | Commonwealth
$m | Multi-
jurisdictional(a)
$m | State
$m | Local
$m | All Australian governments(b)
$m |
|
| GFS Revenue | | | | | |
| - Taxation revenue | 152,576 | - | 37,820 | 6,002 | 196,224 |
| - Current grants and subsidies | - | 4,312 | 33,612 | 2,051 | 71 |
| - Sales of goods and services | 2,996 | 3,976 | 8,897 | 5,141 | 19,593 |
| - Interest from public non-financial corporations | 61 | . . | 185 | 1 | 247 |
| - Interest from public financial corporations | 509 | 33 | 565 | 38 | 1,146 |
| - Interest from other | 397 | 214 | 2,133 | 366 | 2,769 |
| - Dividend income | 6,212 | 40 | 3,427 | 3 | 9,683 |
| - Other | 3,865 | 519 | 8,881 | 2,528 | 12,710 |
| - Total | 166,617 | 9,094 | 95,520 | 16,130 | 242,443 |
| less | | | | | |
| GFS Expenses - | | | | | |
| Gross operating expenses - | | | | | |
| - Depreciation | 1,451 | 641 | 4,831 | 3,341 | 10,264 |
| - Employee expenses | 17,864 | 5,053 | 38,523 | 4,359 | 65,786 |
| - Other operating expenses | 27,532 | 2,746 | 24,127 | 6,531 | 60,634 |
| - Total | 46,847 | 8,440 | 67,481 | 14,232 | 136,684 |
| Nominal superannuation interest expenses | 3,448 | - | 2,693 | - | 6,140 |
| Other interest expenses | 6,878 | 21 | (c)3,217 | 424 | (c)10,274 |
| Other property expenses | - | - | - | - | - |
| Current transfers | | | | | |
| - Grant expenses to State Governments | 33,050 | . . | 26 | . . | 26 |
| - Grant expenses to the private sector | 4,961 | 12 | 7,550 | 19 | 12,542 |
| - Grant expenses to universities | 3,990 | . . | 94 | . . | - |
| - Grant expenses to local governments | 205 | . . | 1,642 | . . | - |
| - Grant expenses n.e.c. | 283 | . . | 64 | . . | 283 |
| - Subsidy expenses to public corporations | 301 | . . | 3,836 | . . | 4,137 |
| - Subsidy expenses to other | 1,849 | 7 | 533 | . . | 2,376 |
| - Other current transfers | 49,880 | 303 | 1,045 | 138 | 50,891 |
| Capital transfers | | | | | |
| - Grant expenses to public non-financial corporations | - | . . | 1,362 | . . | 1,362 |
| - Grant expenses to public financial corporations | - | . . | 26 | . . | 26 |
| - Grant expenses to other levels of government | 2,431 | . . | 775 | . . | - |
| - Grant expenses n.e.c. | 84 | - | 515 | 19 | 618 |
| - Other capital transfers | 167 | 1 | 163 | 9 | 301 |
| Total | 154,373 | 8,785 | 91,022 | 14,841 | 225,661 |
| equals | | | | | |
| GFS Net Operating Balance | 12,244 | 308 | 4,498 | 1,289 | 16,782 |
| less | | | | | |
| Net acquisition of non-financial assets | | | | | |
| - Gross fixed capital formation | 1,820 | 949 | 7,579 | 3,957 | 14,276 |
| - less Depreciation | 1,451 | 641 | 4,831 | 3,341 | 10,264 |
| - plus Change in inventories | 16 | 1 | -10 | 8 | 16 |
| - plus Other transactions in non-financial assets | -1,611 | 25 | -58 | 151 | -1,452 |
| Total | -1,225 | 334 | 2,680 | 776 | 2,576 |
| equals | | | | | |
| GFS Net Lending(+)/Borrowing(-) | 13,469 | -25 | 1,819 | 513 | 14,206 |
|
(a) The multi-jurisdictional sector currently contains only universities.
(b) The sums of individual levels of government may not agree with total figures for all Australian governments due to transfers between levels of government.
(c) Nominal superannuation interest expenses for the Australian Capital Territory are included in other interest expenses. |
Source: Government Finance Statistics, Australia, 1999-2000 (5512.0). |
Cash Flow Statement
Table 27.9 provides a Cash Flow Statement for 1999-2000 for the general government sector for all Australian governments combined.
The cash surplus for all Australian governments for 1999-2000 was $14,155m, the result of a Commonwealth surplus of $12,671m and a surplus of $2,224m for State Governments. Local governments had a small surplus partly offset by a deficit for universities.
27.9 ALL AUSTRALIAN GOVERNMENTS, General Government, Cash Flow Statement - 1999-2000 |
|
| | Commonwealth
$m | Multi-
jurisdictional(a)
$m | State
$m | Local
$m | All Australian governments(b)
$m |
|
CASH FLOW STATEMENT |
|
| Cash receipts from operating activities | | | | | |
| - Taxes received | 150,695 | - | 37,673 | 5,898 | 194,212 |
| - Receipts from sales of goods and services | 3,265 | 3,361 | 9,126 | 5,174 | 19,761 |
| - Grants and subsidies received | . . | 4,469 | 36,025 | 2,678 | 989 |
| - Interest received from public non-financial corporations | 55 | - | 194 | - | 249 |
| - Interest received from public financial corporations | - | 14 | 582 | 81 | 676 |
| - Interest from other | 940 | 210 | 2,190 | 307 | 3,494 |
| - Other receipts | 8,550 | 1,106 | 8,335 | 1,383 | 19,293 |
| - Total | 163,505 | 9,159 | 94,124 | 15,521 | 238,676 |
| Cash payments for operating activities | | | | | |
| - Payments for goods and services | -43,637 | -6,961 | -64,580 | -10,449 | -125,061 |
| - Grants and subsidies paid to State Governments | -35,449 | . . | -17 | . . | . . |
| - Grants and subsidies paid to the private sector | -6,224 | . . | -8,367 | -35 | -14,627 |
| - Grants and subsidies paid to universities | -4,020 | . . | -64 | . . | . . |
| - Grants and subsidies paid to local governments | -206 | . . | -1,880 | . . | -51 |
| - Grants and subsidies paid to public corporations | -333 | . . | -5,201 | . . | -5,535 |
| - Interest paid | -7,321 | -25 | -3,116 | -426 | -10,642 |
| - Other payments | -53,182 | -1,301 | -1,132 | -494 | -55,978 |
| - Total | -150,373 | -8,288 | -84,358 | -11,403 | -211,894 |
| Net cash flows from operating activities | 13,132 | 872 | 9,766 | 4,118 | 26,782 |
| Net cash flows from investments in non-financial assets | | | | | |
| - Sales of non-financial assets | 2,323 | 83 | 1,131 | 683 | 4,220 |
| - Purchases of new non-financial assets | -2,784 | -1,054 | -8,656 | -4,332 | -16,810 |
| - Purchases of secondhand non-financial assets | - | - | -6 | -5 | -11 |
| - Total | -461 | -971 | -7,531 | -3,654 | -12,601 |
| Net cash flows from investments in financial assets for policy purposes | 9,500 | -1 | 4,843 | -153 | 13,443 |
| Net cash flows from investments in financial assets for liquidity purposes | -10,245 | -137 | -2,213 | 32 | -11,950 |
| Net cash flows from financing activities | | | | | |
| - Advances received (net) | 90 | 15 | -642 | 20 | 79 |
| - Borrowing (net) | -10,179 | 28 | -3,564 | -57 | -3,595 |
| - Deposits received (net) | -34 | 7 | 106 | 4 | 83 |
| - Other financing (net) | 180 | -57 | -6 | -27 | -9,462 |
| - Total | -9,943 | -7 | -4,107 | -60 | -12,895 |
| Net Increase(+)/Decrease(-) in Cash Held | 1,983 | -244 | 758 | 282 | 2,779 |
|
SURPLUS(+)/DEFICIT(-) |
|
| Net cash flows from operating activities and net cash flows from investments in non-financial assets | 12,671 | -100 | 2,235 | 464 | 14,180 |
| Acquisitions of assets under finance leases and similar arrangements | - | -1 | -11 | -13 | -25 |
| Surplus(+)/Deficit(-) | 12,671 | -101 | 2,224 | 451 | 14,155 |
(a) The multi-jurisdictional sector currently contains only universities.
(b) The sums of individual levels of government may not agree with totals for all Australian governments due to transfers between levels of government.
Note: Negative figures denote outflows. |
Source: Government Finance Statistics, Australia, 1999-2000 (5512.0). |
Balance Sheet
Table 27.10 provides the Balance Sheet as at 30 June 2000 for the general government sector.
The consolidated GFS Net Worth as at 30 June 2000 for the general government sector for all Australian governments combined was $373,395m. The major contributor to this result was land and fixed assets.
27.10 ALL AUSTRALIAN GOVERNMENTS, General Government, Balance Sheet - 30 June 2000 |
|
| | Commonwealth
$m | Multi-
jurisdictional(a)
$m | State
$m | Local
$m | All Australian governments(b)
$m |
|
| Assets | | | | | |
| Financial Assets - | | | | | |
| - Cash and deposits | 3,556 | 567 | 6,579 | 1,975 | 12,677 |
| - Advances paid | 18,116 | 11 | 3,975 | 7 | 16,369 |
| - Investments, loans and placements | 18,485 | 3,867 | 22,459 | 4,538 | 48,732 |
| - Other non-equity assets | 15,511 | 2,713 | 10,438 | 1,497 | 28,298 |
| - Equity | 61,811 | 391 | 115,650 | 416 | 178,268 |
| - Total | 117,479 | 7,547 | 159,101 | 8,434 | 284,344 |
| Non-financial assets - | | | | | |
| - Land and fixed assets | 29,820 | 16,754 | 187,374 | 141,757 | 375,705 |
| - Other non-financial assets | 1,852 | 24 | 2,356 | 917 | 5,148 |
| - Total | 31,672 | 16,777 | 189,730 | 142,674 | 380,854 |
| Total | 149,151 | 24,325 | 348,831 | 151,108 | 665,197 |
| Liabilities | | | | | |
| - Deposits held | 233 | 51 | 1,409 | 200 | 1,892 |
| - Advances received | - | 45 | 4,636 | 43 | - |
| - Borrowing | 89,133 | 339 | 35,461 | 5,429 | 128,729 |
| - Unfunded superannuation liability and other employee entitlements | 81,816 | 3,740 | 47,730 | 1,447 | 134,733 |
| - Other provisions | 1,307 | 21 | 470 | 82 | 1,881 |
| - Other non-equity liabilities | 11,569 | 1,064 | 12,330 | 1,466 | 24,568 |
| - Total | 184,059 | 5,259 | 102,035 | 8,668 | 291,803 |
| GFS Net Worth | -34,908 | 19,065 | 246,797 | 142,441 | 373,395 |
| Net debt(c) | 49,209 | -4,009 | 8,492 | -848 | 52,843 |
| Net financial worth(d) | -66,580 | 2,288 | 57,067 | -234 | -7,459 |
|
(a) The multi-jurisdictional sector currently contains only universities.
(b) The sums of individual levels of government may not agree with total figures for all Australian governments 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. |
Source: Government Finance Statistics, Australia, 1999-2000 (5512.0). |
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