Consolidated Financial Statements for the year ended 30 June 2014 - Notes 2 to 10
Note 2: Taxation revenue
General Government
2014
2013
$m
$m
Incom e taxation
Individuals and other w ithholding taxes
Gross income tax w ithholding
Gross other individuals
less Refunds
Total individuals and other w ithholding taxation
Fringe benefits tax
Company tax
Superannuation funds
Resource rent taxes
Total incom e taxation revenue
Australian Government
2014
2013
$m
$m
157,761
37,561
(27,407)
167,915
4,285
68,764
6,147
1,785
248,896
150,297
36,283
(26,801)
159,779
3,970
67,923
7,473
1,914
241,059
157,761
37,561
(27,407)
167,915
4,285
68,625
6,147
1,785
248,757
150,297
36,283
(26,801)
159,779
3,970
67,811
7,473
1,914
240,947
55,517
826
476
56,819
50,202
716
431
51,349
55,517
826
476
56,819
50,202
716
431
51,349
5,925
8,603
1,948
9,171
879
25,647
6,079
8,640
1,958
9,032
914
25,709
5,925
8,603
1,948
9,171
879
25,647
6,079
8,640
1,958
9,032
914
25,709
789
921
6,258
1,633
(319)
9,282
676
892
5,458
1,500
(354)
8,172
789
921
6,258
1,633
(319)
9,282
676
892
5,458
1,500
(354)
8,172
4,744
5,047
4,744
5,047
491
3,329
3,820
498
476
2,730
3,206
484
491
3,329
3,820
498
476
2,730
3,206
484
(498)
-
(484)
-
(498)
-
(484)
-
Total indirect taxation revenue
100,312
93,483
100,312
Total taxation revenue
349,208
334,542
349,069
(a) Other excisable beverages are those not exceeding 10 per cent by volume of alcohol.
93,483
334,430
Indirect taxation
Sales taxes
Goods and services tax
Wine equalisation tax
Luxury car tax
Total sales taxes
Excise duty
Petrol
Diesel
Beer
Other excisable products
Of which: Other excisable beverages(a)
Total excise duty revenue
Customs duty
Textiles, clothing and footw ear
Passenger motor vehicles
Excise-like goods
Other imports
less Refunds and draw backs
Total custom s duty revenue
Carbon pricing m echanism
Other indirect taxation
Agricultural levies
Other taxes
Total other indirect taxation revenue
Mirror taxes
less Transfers to States in relation to
mirror tax revenue
Mirror tax revenue
100
Notes to the financial statements
Note 3: Sales of goods and services
Sales of goods
Rendering of services
Operating lease rental
Other fees from regulatory services
Total sales of goods and services revenue
General Government
2014
2013
$m
$m
1,453
1,283
3,645
3,878
68
46
3,409
3,679
8,575
8,886
Cost of goods sold
552
490
Australian Government
2014
2013
$m
$m
8,247
7,367
11,489
11,000
111
81
3,409
3,679
23,256
22,127
893
840
Note 4: Interest and dividend income
General Government
2014
2013
$m
$m
Interest from other governm ents
State and Territory debt
Housing agreements
General purpose advances
Total interest from other governm ents
Australian Government
2014
2013
$m
$m
9
121
130
10
139
149
9
121
187
317
10
139
254
403
Interest from other sources
Advances
Deposits
Bills receivable
Bank deposits
Indexation of HELP receivable and
other student loans
Securities
Other
Total interest from other sources
44
39
5
257
42
131
181
45
114
30
337
43
249
51
274
408
1,472
984
3,209
377
1,887
877
3,495
408
2,711
504
4,149
377
2,703
558
4,255
Total interest
3,339
3,644
4,466
4,658
Dividends
Dividends from other public sector entities
Other dividends
Total dividends
1,695
2,410
4,105
972
2,107
3,079
2,475
2,475
2,175
2,175
Total interest and dividend incom e
7,444
6,723
6,941
6,833
Note 5: Other sources of non-taxation revenue
Industry contributions
Royalties
Seigniorage
Child support payments
Other
Total other sources of non-taxation
revenue
General Government
2014
2013
$m
$m
75
56
1,823
1,798
112
134
1,507
1,438
3,326
3,583
6,843
101
7,009
Australian Government
2014
2013
$m
$m
75
56
1,823
1,799
112
134
1,507
1,438
3,366
3,630
6,883
7,057
Notes to the financial statements
General Government Australian Government
2014
2013
2014
2013
$m
$m
$m
$m
Wages and salaries expenses
18,823
18,486
22,868
22,207
2,614
580
740
2,083
6,017
2,624
261
1,012
1,977
5,874
3,380
720
784
2,210
7,094
3,333
293
1,062
2,106
6,794
Superannuation expenses
Superannuation
Superannuation interest
Total superannuation expenses
6,372
8,214
14,586
8,403
6,729
15,132
6,923
8,214
15,137
8,760
6,729
15,489
Total em ployee and superannuation expense
39,426
39,492
45,099
44,490
Other operating expenses
Leave and other entitlements
Separations and redundancies
Workers compensation premiums and claims
Other
Total other operating expenses
Employee expenses include salary and allowances received or receivable by 39 Cabinet
Ministers (including 20 ministers who served under the former Government which
ceased on 18 September 2013) totalling $8.8 million during 2013-14 (25 Cabinet
Ministers during 2012-13: $9.7 million).
Note 7: Depreciation and amortisation expenses
General Government Australian Government
2014
2013
2014
2013
$m
$m
$m
$m
Depreciation
Specialist military equipment
Buildings
Other infrastructure, plant and equipment
Heritage and cultural assets
Total depreciation
Total am ortisation
Add back Amortisation of non-produced assets
Total depreciation and am ortisation expense
2,539
1,422
1,394
51
5,406
998
(64)
6,340
2,688
1,351
1,430
50
5,519
909
(31)
6,397
2,539
1,531
1,993
51
6,114
1,441
(133)
7,422
2,688
1,443
1,869
50
6,050
1,207
(95)
7,162
Note 8: Supply of goods and services
General Government
Australian Government
2014
2013
2014
2013
$m
$m
$m
$m
24,230
22,292
28,108
25,343
2,549
2,626
2,895
2,866
5,220
5,214
5,220
5,214
40,943
39,273
40,943
39,273
2,192
2,189
7,369
6,997
Supply of goods and services
Operating lease rental expenses
Health care payments
Benefits to households in goods and services
Other
Total paym ent for supply of goods
and services
75,134
102
71,594
84,535
79,693
2014
Note
s 2 to
10
Note 6: Employee and superannuation expenses
Notes to the financial statements
Note 9: Interest expense
General Government
Australian Government
2014
2013
2014
2013
$m
$m
$m
$m
Interest on debt
Government securities
Loans
Taxation overpayments
Exchange settlement funds
Deposits
Other
Total interest on debt
13,390
10
230
32
13,662
12,225
10
503
30
12,768
13,148
143
230
342
29
138
14,030
11,896
131
503
32
44
99
12,705
Discount on concessional instruments
Unw inding of discount and other
Finance charges for finance leases
Other financing costs
Total interest expense
1,060
227
101
1,388
15,050
870
241
68
1,179
13,947
1,060
234
322
1,616
15,646
870
276
131
1,277
13,982
Note 10: Grants expense
General Government
Australian Government
2014
2013
2014
2013
$m
$m
$m
$m
Current grants expense
State and Territory governments
Local governments
Private sector
Overseas
Non-profit organisations
Multi-jurisdictional sector
Other
Total current grants expense
Capital grants expense
Mutually agreed w rite-dow ns
Other capital grants
State and Territory governments
Local governments
Private sector
Multi-jurisdictional sector
Other
Total other capital grants expense
Total capital grants expense
Total grants expense
103
88,454
15
1,919
4,173
3,966
9,634
7,799
115,960
84,869
16
1,799
4,085
3,132
9,108
7,689
110,699
88,454
15
1,919
4,173
3,966
9,634
7,749
115,910
84,869
16
1,799
4,085
3,132
9,108
7,580
110,590
2,627
794
2,477
794
8,765
714
34
97
9,122
18,732
21,359
137,319
7,032
406
48
92
311
7,888
8,682
119,381
8,765
714
34
97
322
9,932
12,409
128,319
7,032
406
48
92
311
7,888
8,682
119,272