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GENERAL GOVERNMENT, STATE AND TERRITORY GOVERNMENTS

OPERATING STATEMENT

Table 27.7 summarises the net operating results for the general government sector for each state and territory government for 2003-04.

27.7 STATE GOVERNMENTS, General government Operating Statement - 2003-04
				NSW	Vic.	Qld	SA	WA	Tas	NT	ACT	Aust.(a)
				$m	$m	$m	$m	$m	$m	$m	$m	$m
GFS Revenue
	Taxation revenue			15,010	10,132	6,676	2,806	4,122	631	264	753	40,394
	Current grants and subsidies			16,869	12,152	10,992	4,906	5,583	1,962	1,996	1033	55,483
	Sales of goods and services			3,004	3,459	2,104	1,165	942	230	99	260	11,078
	Interest income			853	374	2,723	172	128	33	19	99	4,390
	Other			3,831	2,381	2,717	906	1,979	381	212	218	12,624
	Total			39,567	28,498	25,212	9,956	12,753	3,237	2,591	2,363	123,969
	less
GFS Expenses
	Gross operating expenses
		Depreciation		1,924	1,068	1,460	435	538	166	139	134	5,864
		Employee expenses		16,520	11,214	10,003	4,312	5,426	1,322	1,007	1,097	50,900
		Other operating expenses		10,285	8,734	4,268	2,404	2,686	822	640	741	30,429
		Total		28,728	21,016	15,731	7,151	8,650	2,309	1,787	1,971	87,194
	Nominal superannuation interest expenses			860	916	750	354	283	112	85	20	3,381
	Other interest expenses			788	537	211	253	165	67	144	54	2,218
	Other property expenses			-	-	-	-	-	-	-	-	1
	Current transfers
		Grant expenses		4,548	2,784	2,972	1,161	1,876	311	398	352	14,364
		Subsidy expenses		1,665	900	1,395	535	391	93	73	130	5,181
		Other current transfers		595	247	110	58	173	30	2	-	1,214
		Capital transfers
			Grants to local governments	160	121	225	19	97	-	2	-	625
			Other capital transfers	1,096	1,019	479	37	324	1	140	38	3,134
		Total		38,441	27,540	21,874	9,568	11,959	2,924	2,631	2,566	117,312
equals
GFS Net Operating Balance				1,126	958	3,339	387	794	313	-40	-203	6,657
less
Net acquisition of non-financial assets
	Gross fixed capital formation			3,104	1,939	1,870	402	791	100	125	160	8,488
	less Depreciation			1,924	1,068	1,460	435	538	166	139	134	5,864
	plus Change in inventories			21	6	-13	-10	-4	-	-1	-	-1
	plus Other transactions in non-financial assets			-80	162	105	5	-13	-	-4	-204	-29
	Total			1,121	1,039	501	-38	235	-66	-19	-178	2,594
equals
GFS Net Lending(+)/Borrowing(-)				6	-81	2,838	425	559	379	-21	-25	4,063
(a) The sum of individual jurisdictions may not agree with the total figure for all states due to transfers between jurisdictions. Source: Government Finance Statistics, Australia, 2003-04 (5512.0).

27.8 STATE GOVERNMENTS, General government Cash Flow Statement - 2003-04
		NSW	Vic.	Qld	SA	WA	Tas.	NT	ACT	Aust.(a)
		$m	$m	$m	$m	$m	$m	$m	$m	$m
CASH FLOW STATEMENT
Cash receipts from operating activities
	Taxes received	14,980	9,962	6,635	2,802	4,047	630	262	763	40,080
	Receipts from sales of goods and services	2,842	3,696	2,448	1,070	968	227	96	290	11,549
	Grants and subsidies received	17,813	12,611	11,535	5,054	5,829	1,970	2,080	1,063	57,944
	Other receipts	4,873	2,156	5,103	973	2,224	461	141	395	16,316
	Total	40,509	28,424	25,720	9,899	13,068	3,288	2,579	2,511	125,889
Cash payments for operating activities
	Payments for goods and services	-25,618	-21,185	-14,306	-6,772	-8,238	-2,203	-1,685	-1,469	-81,356
	Grants and subsidies paid	-7,507	-4,037	-4,954	-1,858	-2,685	-428	-546	-465	-22,441
	Interest paid	-862	-429	-209	-258	-171	-93	-143	-54	-2,220
	Other payments	-2,167	-296	-704	-107	-691	-101	-2	-267	-4,334
	Total	-36,154	-25,947	-20,172	-8,994	-11,784	-2,825	-2,377	-2,255	-110,350
Net cash flows from operating activities		4,355	2,477	5,548	904	1,284	462	203	256	15,538
Net cash flows from investments in non-financial assets
	Sales of non-financial assets	448	127	356	124	166	70	29	208	1,526
	Purchases of new non-financial assets	-3,046	-2,295	-2,413	-506	-991	-162	-196	-164	-9,771
	Purchases of secondhand non-financial assets	-	-	-	-	-	-	-	-	-
	Total	-2,599	-2,169	-2,057	-382	-825	-92	-167	44	-8,245
Net cash flows from investments in financial assets for policy purposes		183	-170	-631	31	-122	185	17	-26	-533
Net cash flows from investments in financial assets for liquidity purposes		-1,545	951	-2,398	-27	-80	39	49	-95	-3,106
Net cash flows from financing activities
	Advances received (net)	-140	-2	-14	-46	-8	-44	-	-11	-264
	Borrowing (net)	374	-848	-331	-299	-158	-409	-75	-56	-1,801
	Deposits received (net)	6	37	-	-22	-2	-	-16	-	3
	Other financing (net)	114	-89	-	-	62	-142	-	-3	-74
	Total	355	-902	-345	-368	-105	-594	-91	-70	-2,136
Net Increase(+)/Decrease(-) in Cash Held		749	187	116	159	152	-	11	109	1,519
SURPLUS(+)/DEFICIT(-)
Net cash flows from operating activities and net cash flows from investments in non-financial assets		1,756	309	3,491	523	459	370	36	300	7,293
Acquisitions of assets under finance leases and similar arrangements		-312	-	-	-	-	-	-	-	-312
Surplus(+)/Deficit(-)		1,444	309	3,491	523	459	370	36	300	6,981
(a) The sum of individual jurisdictions may not agree with the total figure for all states due to transfers between jurisdictions. Note: Negative figures denote outflows. Source: Government Finance Statistics, Australia, 2003-04 (5512.0).

27.9 STATE GOVERNMENTS, General government Balance Sheet - 30 June 2004
			NSW	Vic.	Qld	SA	WA	Tas.	NT	ACT	Aust.(a)
			$m	$m	$m	$m	$m	$m	$m	$m	$m
Assets
	Financial assets
		Cash and deposits	1,820	1,301	1,729	2,178	414	685	63	64	8,253
		Advances paid	1,352	205	173	1,133	853	65	39	502	4,322
		Investments, loans and placements	9,578	3,043	16,157	155	1,702	13	458	2,254	33,207
		Other non-equity assets	5,870	1,894	4,318	419	926	313	113	258	14,086
		Equity	68,067	34,859	14,633	11,811	18,278	4,229	1,636	3,895	157,409
		Total	86,687	41,302	37,011	15,696	22,174	5,304	2,309	6,972	217,277
	Non-financial assets
		Land and fixed assets	80,384	43,321	61,981	11,835	31,629	6,343	3,553	5,656	244,702
		Other non-financial assets	1,174	1,415	-	83	62	2	-	352	3,087
		Total	81,558	44,736	61,981	11,918	31,691	6,345	3,553	6,008	247,788
	Total		168,245	86,037	98,991	27,613	53,864	11,649	5,862	12,980	465,065
Liabilities
	Deposits held		69	446	-	309	309	-	191	56	1,379
	Advances received		1,677	6	500	733	561	273	16	262	4,027
	Borrowing		10,795	5,501	2,708	2,648	1,807	603	1,633	633	26,175
	Unfunded superannuation liability and other employee entitlements		20,615	14,688	14,536	7,163	6,834	2,553	1,778	2,338	70,503
	Other provisions		6,997	763	984	-	-	3	20	22	8,789
	Other non-equity liabilities		3,809	3,402	2,539	968	606	215	59	289	11,863
	Total		43,962	24,804	21,267	11,820	10,117	3,647	3,696	3,600	122,736
GFS Net Worth			124,283	61,233	77,724	15,793	43,747	8,003	2,166	9,380	342,329
Net debt(b)			-209	1,403	-14,851	224	-291	114	1,279	-1,869	-14,200
Net financial worth(c)			42,725	16,497	15,743	3,875	12,056	1,658	-1,387	3,372	94,540
(a) The sum of individual jurisdictions may not agree with the total figure for all states due to transfers 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, 2003-04 (5512.0).