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GENERAL GOVERNMENT, ALL LEVELS OF GOVERNMENT COMBINED

OPERATING STATEMENT

Table 27.4 presents an Operating Statement for the general government sector for 2003-04.

In 2003-04 the GFS NOB for the general government sector for all levels of government combined was $15,639m, indicating that GFS operating revenue exceeded GFS operating expenses. The largest contributor to this result was the NOB for the Commonwealth Government of $7,115m.

GFS Net Lending for the general government sector for all levels of government combined was $10,223m. The Commonwealth Government and the state governments contributed $6,389m and $4,063m respectively to the aggregate result.

27.4 ALL LEVELS OF GOVERNMENT, General government Operating Statement - 2003-04
			Commonwealth	Multi- jurisdictional(a)	State	Local	All levels of government(b)
			$m	$m	$m	$m	$m
GFS Revenue
	Taxation revenue		209,195	-	40,394	7,663	256,767
	Current grants and subsidies		-	5,230	55,483	2,427	990
	Sales of goods and services		4,310	6,240	11,078	6,178	25,926
	Interest		1,302	258	4,390	505	6,246
	Dividend income		4,199	84	2,932	29	7,245
	Other		2,538	667	9,691	3,482	13,082
	Total		221,545	12,480	123,969	20,283	310,256
less
GFS Expenses
	Gross operating expenses
		Depreciation	1,639	826	5,864	3,847	12,176
		Employee expenses	16,200	6,542	50,900	6,604	80,238
		Other operating expenses	39,915	4,408	30,429	7,287	79,680
		Total	57,755	11,775	87,194	17,737	172,095
	Nominal superannuation interest expenses		4,898	-	3,381	-	8,278
	Other interest expenses		4,201	39	2,218	364	6,616
	Other property expenses		-	-	1	-	1
	Current transfers		144,543	55	20,758	128	103,843
	Capital transfers		3,034	4	3,760	33	3,787
	Total		214,430	11,873	117,312	18,265	294,617
equals
GFS Net Operating Balance			7,115	607	6,657	2,018	15,639
less
Net acquisition of non-financial assets
	Gross fixed capital formation		2,104	1,060	8,488	5,512	17,166
	less Depreciation		1,639	826	5,864	3,847	12,176
	plus Change in inventories		780	-	-1	4	783
	plus Other transactions in non-financial assets		-519	4	-29	187	-357
	Total		726	238	2,594	1,857	5,415
equals
GFS Net Lending(+)/Borrowing(-)			6,389	369	4,063	161	10,223
(a) The multi-jurisdictional sector contains units where jurisdiction is shared between two or more governments, or classification 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 sum of individual levels of government may not agree with total All levels of government figure due to transfers between levels of government. Source: Government Finance Statistics, Australia, 2003-04 (5512.0).

27.5 ALL LEVELS OF GOVERNMENT, General government Cash Flow Statement - 2003-04
		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	205,328	-	40,080	7,721	252,769
	Receipts from sales of goods and services	4,199	5,483	11,549	6,246	25,691
	Grants and subsidies received	-	5,228	57,944	2,684	1,074
	Interest	1,054	169	4,372	526	5,911
	Other receipts	5,809	1,543	11,944	2,026	21,221
	Total	216,391	12,424	125,889	19,203	306,665
Cash payments for operating activities
	Payments for goods and services	-55,144	-9,386	-81,356	-13,004	-157,106
	Grants and subsidies	-74,442	-1	-22,441	-134	-32,804
	Interest paid	-4,050	-42	-2,220	-340	-6,442
	Other payments	-72,930	-1,635	-4,334	-1,496	-79,926
	Total	-206,566	-11,064	-110,350	-14,974	-276,276
Net cash flows from operating activities		9,825	1,360	15,538	4,229	30,389
Net cash flows from investments in non-financial assets
	Sales of non-financial assets	832	196	1,526	735	3,288
	Purchases of new non-financial assets	-2,681	-1,258	-9,771	-5,249	-18,958
	Purchases of secondhand non-financial assets	-	-	-	-	-
	Total	-1,849	-1,063	-8,245	-4,514	-15,670
Net cash flows from investments in financial assets for policy purposes		-452	3	-533	18	-1,192
Net cash flows from investments in financial assets for liquidity purposes		-3,040	-286	-3,106	-137	-6,589
Net cash flows from financing activities
	Advances received (net)	-	-4	-264	14	-25
	Borrowing (net)	-2,458	13	-1,801	31	-4,229
	Deposits received (net)	98	3	3	22	146
	Other financing (net)	-2,878	192	-74	844	-569
	Total	-5,238	204	-2,136	910	-4,678
Net Increase(+)/Decrease(-) in Cash Held		-754	219	1,519	506	2,260
SURPLUS(+)/DEFICIT(-)
Net cash flows from operating activities and net cash flows from investments in non-financial assets		7,976	297	7,293	-286	14,719
Acquisitions of assets under finance leases and similar arrangements		-5	-	-312	-3	-320
Surplus(+)/Deficit(-)		7,971	297	6,981	-289	14,399
(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 sum of individual levels of government may not agree with total All levels of government figure due to transfers between levels of government. Note: Negative figures denote outflows. Source: Government Finance Statistics, Australia, 2003-04 (5512.0).

27.6 ALL LEVELS OF GOVERNMENT, General government Balance Sheet - 30 June 2004
			Commonwealth	Multi- jurisdictional(a)	State	Local	All levels of government(b)
			$m	$m	$m	$m	$m
Assets
	Financial assets
		Cash and deposits	1,572	1,007	8,253	4,508	15,341
		Advances paid	23,113	-	4,322	8	23,427
		Investments, loans and placements	24,188	4,894	33,207	4,578	66,869
		Other non-equity assets	20,571	3,485	14,086	1,763	37,433
		Equity	49,560	91	157,409	645	207,705
		Total	119,004	9,478	217,277	11,501	350,775
	Non-financial assets
		Land and fixed assets	40,284	20,488	244,702	169,350	474,824
		Other non-financial assets	197	125	3,087	1,802	5,202
		Total	40,481	20,613	247,788	171,152	480,026
	Total		159,484	30,091	465,065	182,654	830,800
Liabilities
	Deposits held		2,591	17	1,379	490	4,478
	Advances received		-	16	4,027	397	-
	Borrowing		65,892	645	26,175	5,178	98,316
	Unfunded superannuation liability and other employee entitlements		96,617	4,562	70,503	1,725	173,407
	Other provisions		3,768	32	8,789	262	12,851
	Other non-equity liabilities		20,938	1,328	11,863	1,917	33,565
	Total		189,806	6,599	122,736	9,969	322,616
GFS Net Worth			-30,322	23,492	342,329	172,685	508,184
Net debt(c)			19,610	-5,225	-14,200	-3,029	-2,844
Net financial worth(d)			-70,803	2,879	94,540	1,532	28,158
(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 sum of individual levels of government may not agree with total All levels of government figure due to transfers 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, 2003-04 (5512.0).