APPENDIX A: GENERAL GOVERNMENT SECTOR
ACCOUNTING FINANCIAL
STATEMENTS
Refer to Chapter 8 (Section 8.3) for an explanation of the differences in treatment and
disclosure between the following financial statements which are prepared in accordance
with Australian accounting standards, and the accrual uniform presentation tables reported
in Chapter 8 which follow the government finance statistics convention.
Table A.1:
General Government Sector Statement of Financial
Performance
2000-01
Actual
$m
2001-02 2001-02 2002-03 2003-04 2004-05 2005-06
Budget Revised Budget
Estimate
$m
$m
$m
$m
$m
$m
State Revenues
Taxation
Commonw ealth Grants
Financial Distributions
Fines, Regulatory Fees & Other
13,327
12,967
1,245
918
12,084
14,413
1,129
861
13,352
14,931
1,166
779
12,856
15,053
1,204
799
13,373
15,203
1,317
816
14,095
15,702
1,377
871
14,862
16,510
1,556
865
Total State Revenues
28,457
28,487
30,228
29,912
30,709
32,045
33,793
Operating Revenues
Sale of Goods and Services
Investment Income
Grants and Contributions
Other
2,282
484
366
418
2,323
457
325
578
2,376
360
330
681
2,479
612
376
261
2,414
742
280
262
2,438
848
276
264
2,494
1,012
278
270
Total Operating Revenues
3,550
3,683
3,747
3,728
3,698
3,826
4,054
Expenses
Employee Related
- Superannuation
- Other
Other Operating
Maintenance
Depreciation and Amortisation
Current Grants and Subsidies
Capital Grants
Borrow ing Costs
3,187
12,268
7,513
1,035
1,332
4,997
1,546
1,317
1,741
12,583
6,788
1,160
1,493
4,647
1,399
885
2,463
12,829
6,729
1,220
1,337
4,963
1,883
951
2,049
13,464
7,215
1,175
1,404
5,075
1,333
751
2,186
14,089
7,289
1,154
1,471
4,998
1,176
721
2,312
14,653
7,690
1,212
1,551
5,071
1,280
681
2,463
15,365
7,951
1,248
1,622
5,165
1,276
660
Total Expenses
33,195
30,696
32,375
32,466
33,084
34,450
35,750
(9)
(20)
(156)
(25)
26
26
17
Gain/(Loss) on Disposal of Assets
Net Cost of Services
Surplus/(Deficit) for the Year
Budget Statement 2002-03
(29,654) (27,033) (28,784) (28,763) (29,360) (30,598) (31,679)
(1,197)
1,454
1,444
1,149
1,349
1,447
2,114
A-1
Table A.1: General Government Sector Statement of Financial
Performance (cont)
2000-01 2001-02 2001-02 2002-03 2003-04 2004-05 2005-06
Actual Budget Revised Budget
Estimate
$m
$m
$m
$m
$m
$m
$m
OTHER MOVEMENTS
IN EQUITY
Net Asset Valuation Increments
Other
Total Revenues, Expenses and
Valuation Adjustm ents
Recognised Directly in Equity
1,483
...
12
...
342
(25)
30
...
33
...
37
...
38
...
1,483
12
317
30
33
37
38
Changes in Equity Resulting
From Other Transactions
Contributions by Ow ners
Made to Wholly Ow ned Public
Sector Agencies (Urgent Issues
Group UIG 38)
- Equity Restructure payments
from Public Trading Enterprises
- Other
3,203
(865)
…
…
270
149
400
...
50
...
50
...
200
...
Total Other Movem ents in Equity
3,821
12
736
430
83
87
238
41,204
(1,197)
3,821
43,828
42,522
1,454
12
43,988
43,828
1,444
736
46,008
46,008
1,149
430
47,587
47,587
1,349
83
49,019
49,019
1,447
87
50,553
50,553
2,114
238
52,905
Opening Balance Equity
Operating Surplus/ (Deficit)
Other Movements in Equity
Closing Balance Equity
A-2
Budget Statement 2002-03
Table A.2:
General Government Sector Statement of Financial
Position as at 30 June, 2001-2006
2001
Actual
$m
2002
2002
2003
Budget Revised Budget
$m
$m
$m
2004
2005
2006
$m
Estimate
$m
$m
Current Assets
Cash Assets
Receivables
Other Financial Assets
Inventories
Other
1,035
2,403
767
154
61
360
1,822
731
149
90
796
2,396
584
133
63
1,277
2,502
689
130
63
1,209
2,508
861
137
65
1,430
2,652
955
131
66
1,334
2,779
1,085
130
71
Total Current Assets
4,420
3,152
3,972
4,661
4,780
5,234
5,399
Non-Current Assets
Receivables
Other Financial Assets
Inventories
Property, Plant and Equipment
Land and Buildings
Plant and Equipment
Infrastructure Systems
Other
Total Non-Current Assets
2,480
3,258
42
2,566
3,648
38
2,740
4,823
14
2,786
5,300
18
2,904
6,141
9
3,023
6,899
11
3,213
8,800
11
32,165
4,182
29,246
854
72,227
31,893
4,203
29,129
975
72,452
32,738
4,321
29,959
962
75,557
32,866
4,498
30,849
1,078
77,395
33,065
4,478
32,008
1,196
79,801
33,230
4,382
33,307
1,320
82,172
33,312
4,167
34,831
1,450
85,784
Total Assets
76,647
75,604
79,529
82,056
84,581
87,406
91,183
Current Liabilities
Payables
Interest Bearing
Employee Entitlements and Other Provisions
Other
1,480
2,066
2,101
345
1,192
2,643
2,688
245
1,426
2,181
3,501
301
1,397
2,041
3,739
284
1,370
499
3,858
283
1,366
2,198
3,849
282
1,373
471
4,097
281
Total Current Liabilities
5,992
6,768
7,409
7,461
6,010
7,695
6,222
Non-Current Liabilities
Interest Bearing
Employee Entitlements and Other Provisions
Other
Total Non-Current Liabilities
11,501
14,321
1,005
26,827
9,109
14,901
838
24,848
9,952
15,180
980
26,112
9,496
16,572
940
27,008
10,621
18,029
902
29,552
8,619
19,682
857
29,158
9,893
21,345
818
32,056
Total Liabilities
32,819
31,616
33,521
34,469
35,562
36,853
38,278
NET ASSETS
Equity
Asset Revaluation Reserves
Accumulated Funds
TOTAL EQUITY
Budget Statement 2002-03
43,828 43,988 46,008 47,587 49,019 50,553 52,905
16,345
27,483
15,067
28,921
16,494
29,514
16,523
31,064
16,554
32,465
16,589
33,964
16,626
36,279
43,828 43,988 46,008 47,587 49,019 50,553 52,905
A-3
Table A.3:
General Government Sector Statement of Cash Flows
2000-01
Actual
$m
2001-02 2001-02 2002-03 2003-04 2004-05 2005-06
Budget
$m
Revised
$m
Budget
$m
$m
Estimate
$m
$m
Cash Flow s from Operating Activities
Receipts
Taxation
Commonw ealth Grants
Financial Distributions
Sale of Goods and Services
Investment Income
Other
13,181
12,967
1,222
2,224
272
2,609
12,088
14,413
1,073
2,258
234
1,893
13,322
14,931
1,000
2,405
239
2,510
12,834
15,053
1,246
2,496
301
2,159
13,366
15,203
1,146
2,556
308
2,348
14,088
15,702
1,099
2,578
295
2,399
14,836
16,510
1,227
2,630
332
2,408
Total Receipts
32,475
31,959
34,407
34,089
34,927
36,161
37,943
Paym ents
Employee Related
Grants and Subsidies
Finance
Other
(12,932) (13,037)
(6,275) (5,991)
(1,009)
(853)
(8,151) (8,472)
(13,312) (14,029) (14,745) (15,506) (16,164)
(6,548) (6,191) (5,998) (6,182) (6,298)
(850)
(750)
(708)
(655)
(650)
(9,175) (9,601) (9,869) (10,189) (10,407)
Total Paym ents
(28,367) (28,353)
(29,885) (30,571) (31,320) (32,532) (33,519)
Net Cash Flow s from Operating Activities
4,108
3,606
4,522
3,518
3,607
3,629
4,424
109
1,197
3,203
109
(2,576)
(1,317)
(95)
(21)
218
353
...
71
(2,596)
(118)
(14)
...
187
1,460
270
107
(2,817)
(1,886)
(101)
37
434
1,133
400
104
(3,030)
(1,367)
(81)
(17)
252
840
50
104
(3,037)
(1,416)
(37)
...
258
1,043
50
78
(3,058)
(1,340)
(36)
...
148
214
200
97
(3,125)
(1,565)
(37)
1
609
(2,086)
(2,743)
(2,424)
(3,244)
(3,005)
(4,067)
Cash Flow s from Financing Activities
Proceeds from Borrow ings and Advances
Repayments of Borrow ings and Advances
253
(4,589)
22
(1,760)
53
(2,036)
35
(647)
46
(486)
27
(431)
203
(668)
Net Cash Flow s From Financing Activities
(4,336)
(1,738)
(1,983)
(612)
(440)
(404)
(465)
Net Increase/(Decrease) in Cash
Opening Cash and Cash Equivalents
Reclassification of Cash Equivalents
381
384
230
(218)
561
...
(204)
995
...
482
791
...
(77)
1,273
...
220
1,196
...
(108)
1,416
...
CLOSING CASH AND CASH
EQUIVALENTS BALANCE
995
343
791
1,273
1,196
1,416
1,308
Cash Flow s from Investing Activities
Proceeds from Sale of Property,
Plant and Equipment
Proceeds from Sale of Investments
Equity restructure
Advance Repayments Received
Purchases of Property, Plant & Equipment
Purchase of Investments
Advances Made
Other
Net Cash Flow s from Investing Activities
A-4
Budget Statement 2002-03
Table A.4:
Reconciliation between the Accounting Based
Operating Result and the GFS Based Budget Result
2001-02
Budget
$m
2001-02
Projection
$m
2002-03
Budget
$m
Accounting Based Operating Surplus
1,454
1,444
1,149
Accounting item s not in the GFS Budget Result
Depreciation
Valuation items - (gains)/losses (a)
1,493
(254)
1,337
362
1,404
151
(2,601)
5
271
(2,519)
7
39
(2,652)
(2)
118
368
670
168
GFS item s not in the Accounting Result
Gross fixed capital formation
Change in inventories
Other movements in non-financial assets
GFS Based Budget Result
Note:
(a) Valuation items primarily comprise actuarial adjustments for superannuation and insurance obligations, adjustments to fixed asset
values and non cash gains/losses on debt management.
Budget Statement 2002-03
A-5