Notes to the financial statements
Note 11: Expenses by function(a)
General Government
2012
$m
23,150
21,738
3,999
29,049
61,585
126,760
6,180
3,745
6,464
2,954
2,245
9,129
10,055
70,256
377,309
General public services
Defence
Public order and safety
Education
Health
Social security and welfare
Housing and community amenities
Recreation and culture
Fuel and energy
Agriculture, forestry and fishing
Mining, manufacturing and construction
Transport and communication
Other economic affairs
Other purposes
Total expenses
(a) Refer Note 45 for description of each function.
87
2011
$m
22,887
20,408
3,823
32,106
56,070
117,093
5,543
3,252
5,914
2,546
1,456
4,664
9,046
71,704
356,512
Australian
Government
2012
2011
$m
$m
23,567
23,300
21,571
20,368
4,098
3,913
29,047
32,104
66,981
60,802
126,685
117,015
6,179
5,543
3,744
3,250
6,462
5,912
2,950
2,544
2,366
1,561
15,816
10,868
10,280
9,107
70,112
71,708
389,858
367,995
Notes to the financial statements
Note 12: Net write-down of assets (including bad and doubtful debts)
General Government
2012
2011
$m
$m
FINANCIAL
Receivables - bad and doubtful debts
Goods and services
Taxes due
Other
Total receivables - bad and doubtful debts
Net write-down/(reversal) and impairment arising
from the revaluation of investments and other
financial assets
Total financial write-down and impairment
NON-FINANCIAL
Inventories
Land
Buildings
Specialist military equipment
Other infrastructure, plant and equipment
Heritage and cultural assets
Other non-financial assets
Intangibles
Investment properties
Net write-down, impairment and fair
value losses arising from the revaluation
of non-financial assets
Total net write-down and impairment
of assets and fair value losses
Australian Government
2012
2011
$m
$m
109
3,951
254
4,314
88
3,105
348
3,541
116
3,951
254
4,321
90
3,105
348
3,543
1,001
5,315
1,167
4,708
1,003
5,324
1,132
4,675
432
115
68
458
53
6
12
136
12
421
3
76
524
47
1
19
225
6
437
115
69
458
350
6
12
137
13
421
20
87
524
504
1
24
249
6
1,292
1,322
1,597
1,836
6,607
6,030
6,921
6,511
Note 13: Net gain/(loss) from the sale of assets
General Government
Australian
Government
2012
2011
2012
2011
$m
$m
$m
$m
(2,838)
-
(2,704)
-
(2,266)
-
(2,842)
-
(2,838)
(2,704)
(2,266)
(2,842)
248
(9)
334
(22)
262
(10)
376
less written down value of land and buildings sold
(263)
(346)
(275)
Net gain/(loss) from sale of land and buildings
Proceeds from sale of investment properties
less selling costs of investment properties
less written down value of investment properties
Net gain/(loss) from sale of investment properties
Proceeds from sale of infrastructure, plant
and equipment
less selling costs of infrastructure, plant
and equipment
(24)
160
(1)
(156)
3
(34)
1
(2)
(1)
(23)
162
(1)
(157)
4
(383)
(30)
66
(2)
(48)
16
34
342
46
47
(2)
(2)
(2)
(2)
FINANCIAL ASSETS
Net gain/(loss) from sale of investments
Net gain/(loss) from sale of receivables
Total net gains/(losses) from sale of
financial assets
NON-FINANCIAL ASSETS
Proceeds from sale of land and buildings
less selling costs of sale of land and buildings
(23)
88
Notes to the financial statements
less written down value of infrastructure, plant and
equipment sold
Net gain/(loss) from sale of infrastructure, plant
and equipment
Proceeds from sale of intangibles
less selling costs of intangibles
less written down value of intangibles
Net gain/(loss) from sale of intangibles
Proceeds from sale of biological asset
less selling costs of biological asset
less written down value of biological asset
Net gain/(loss) from sale of biological asset
Net gain/(loss) from sale of non-financial assets
Net gain/(loss) from sale of assets
Add back selling costs included in expenses from
transactions
Net gain/(loss) from sale of assets in other
economic flows
89
(42)
(351)
(67)
(59)
(10)
12
(13)
(11)
3
(1)
(23)
12
(13)
(14)
3
-
(1)
79
(79)
(32)
(2,870)
2
(44)
(2,748)
(1)
79
(79)
(43)
(2,309)
(1)
2
(29)
(2,871)
12
26
13
29
(2,858)
(2,722)
(2,296)
(2,842)
Notes to the financial statements
Note 14: Net foreign exchange gain/(losses)
General Government
Net foreign exchange gains/(losses)
Non-speculative
Net foreign exchange gains/(losses)
Australian Government
2012
$m
2011
$m
$m
2012
$m
1,001
1,001
8,249
8,249
766
766
2,614
2,614
Note 15: Net swap interest received
General Government
2012
2011
$m
$m
Net swap interest
Net swap interest revenue
Net swap interest expense
Net swap interest received
462
(499)
(37)
90
-
Australian Government
2012
$m
$m
604
(611)
(7)
15
(2)
13
Notes to the financial statements
Note 16: Other gains/(losses)
General Government
2012
2011
$m
$m
Fair value gains/(losses)
- financial instruments
Fair value gains - biological assets
Fair value gains - investment properties
Net actuarial gains/(losses)
Other
Total other gains
(17,620)
12
(2,757)
149
(20,216)
Australian Government
2012
$m
$m
3,655
9
6
(901)
13
2,782
(18,765)
12
(2,757)
160
(21,350)
1,185
9
12
(901)
18
323
Note 17: Advances paid and receivables
General Government
Advances paid
Loans to State and Territory governments
Higher Education Loan Program
Student Financial Supplement Scheme
Other
less Provision for doubtful debts
Total advances paid
Other receivables
Goods and services receivable
Recoveries of benefit payments
Taxes receivable
Other financial assets
Other
less Provision for doubtful debts - Goods
and services and other
less Provision for doubtful debts - Personal
benefits receivable
less Provision for doubtful debts - Taxes
receivable
less Provision for credit amendments
Total other receivables
Accrued revenue
Accrued taxation revenue
Other accrued revenue
Total accrued revenue
Other receivables and accrued revenue
Total advances paid and receivables
Advances paid and receivables maturity schedule
Not later than one year
Later than one year and not later than two years
Later than two years and not later than five years
Later than five years
Total advances paid and receivables by maturity
91
Australian
Government
2012
2011
2012
2011
$m
$m
$m
$m
2,872
19,400
653
3,917
(25)
26,817
2,963
15,551
711
2,701
(37)
21,889
2,872
19,400
653
4,528
(31)
27,422
2,963
15,551
711
3,191
(43)
22,373
1,017
3,033
33,100
59
8,013
925
3,024
28,609
108
7,857
1,994
3,033
33,059
648
7,256
1,797
3,024
28,593
584
8,040
(2,626)
(2,423)
(2,641)
(2,435)
(671)
(841)
(671)
(841)
(11,564)
(2,882)
27,479
(10,082)
(1,299)
25,878
(11,564)
(2,882)
28,232
(10,082)
(1,299)
27,381
10,685
339
11,024
38,503
65,320
10,420
328
10,748
36,626
58,515
10,685
469
11,154
39,386
66,808
10,420
456
10,876
38,257
60,630
33,219
24,849
1,358
5,894
65,320
34,533
18,211
300
5,471
58,515
34,013
24,925
1,808
6,062
66,808
35,781
18,374
711
5,764
60,630
Notes to the financial statements
Reconciliation of the allowance for doubtful debts:
Movements in relation to 2012
Australian Government
Goods and
Advances
services
and loans
and other(a)
$m
$m
Opening doubtful debts balance
43
2,435
less Amounts written off
3
63
less Amounts recovered and reversed
66
plus Increase/decrease recognised in net surplus
10
347
plus Other movement
(19)
(12)
Total
31
2,641
(a) Excludes statutory receivables such as taxes receivable and personal benefits recoverable.
Goods and
Advances
services
and loans
and other(a)
$m
$m
Opening doubtful debts balance
38
2,423
less Amounts written off
3
60
less Amounts recovered and reversed
64
plus Increase/decrease recognised in net surplus
10
337
plus Other movement
(20)
(10)
Total
25
2,626
(a) Excludes statutory receivables such as taxes receivable and personal benefits recoverable.
Total
$m
2,478
66
66
357
(31)
2,672
General Government
Total
$m
2,461
63
64
347
(30)
2,651
Movements in relation to 2011
Australian Government
Goods and
Advances
services
and loans
and other(a)
$m
$m
Opening doubtful debts balance
314
2,375
less Amounts written off
287
46
less Amounts recovered and reversed
6
plus Increase/decrease recognised in net surplus
12
113
plus Other movement
4
(1)
Total
43
2,435
(a) Excludes statutory receivables such as taxes receivable and personal benefits recoverable.
General Government
Advances
and loans
Goods and
services
and other(a)
$m
$m
Opening doubtful debts balance
314
2,366
less Amounts written off
287
45
less Amounts recovered and reversed
4
plus Increase/decrease recognised in net surplus
12
108
plus Other movement
(1)
(2)
Total
38
2,423
(a) Excludes statutory receivables such as taxes receivable and personal benefits recoverable.
92
Total
$m
2,689
333
6
125
3
2,478
Total
$m
2,680
332
4
120
(3)
2,461
Notes to the financial statements
Note 18: Investments, loans and placements
Gold
Deposits
Government securities
Debentures
International Monetary Fund quota
Defined benefit superannuation plan assets
Collective investment vehicles
Other interest bearing securities
Other
Total investments, loans and placements
General Government
2012
2011
$m
$m
28,654
28,002
314
347
4,798
4,813
24,837
21,411
31,518
33,877
8,371
10,224
98,492
98,674
Australian Government
2012
$m
$m
4,027
3,599
15,892
19,674
69,773
63,063
983
852
9,157
9,414
41
349
24,837
21,411
31,518
33,877
10,374
10,549
166,602
162,788
General Government
2012
2011
$m
$m
28,640
31,125
20,897
18,726
500
505
50,037
50,356
Australian Government
2012
$m
$m
29,349
32,066
793
807
30,142
32,873
Note 19: Equity investments
Investments - Shares
Investment in public corporations
Equity accounted investments
Total equity investments
93