Notes to the financial statements
Note 11: Expenses by function(a)
General Government
Australian Government
2013
2012
2013
2012
$m
$m
$m
$m
26,526
23,214
26,935
23,633
21,146
21,719
20,976
21,552
3,923
3,999
4,021
4,098
28,468
29,049
28,468
29,047
61,303
61,585
67,012
66,970
131,901
126,760
131,774
126,685
5,278
6,180
5,281
6,179
3,553
3,744
3,552
3,742
5,954
6,462
5,953
6,461
2,407
2,954
2,404
2,950
2,920
2,245
3,015
2,366
5,022
9,129
12,702
15,779
10,631
10,053
10,577
10,129
72,636
70,253
72,636
70,257
381,668
377,346
395,306
389,848
General public services
Defence
Public order and safety
Education
Health
Social security and w elfare
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.
Note 12: Net write-down of assets (including bad and doubtful debts)
General Government
Australian Government
2013
2012
2013
2012
$m
$m
$m
$m
FINANCIAL ASSETS
Receivables - bad and doubtful debts
Goods and services
Taxes due
Other
Total receivables - bad and doubtful debts
89
5,097
353
5,539
109
3,951
254
4,314
90
5,097
353
5,540
116
3,951
254
4,321
Net w rite-dow n/(reversal) and impairment arising
from the revaluation of investments and other
financial assets
Total financial w rite-dow n and im pairm ent
12
5,551
1,001
5,315
8
5,548
1,003
5,324
417
1
68
309
51
5
376
16
432
115
68
458
53
6
12
136
12
427
16
107
309
557
6
398
16
437
115
69
458
350
6
12
137
13
1,243
1,292
1,836
1,597
6,794
6,607
7,384
6,921
NON-FINANCIAL ASSETS
Inventories
Land
Buildings
Specialist military equipment
Other infrastructure, plant and equipment
Heritage and cultural assets
Other non-financial assets
Intangibles
Investment properties
Net w rite-dow n, im pairm ent and fair
value losses arising from the revaluation
of non-financial assets
Total net w rite-dow n and im pairm ent
of assets and fair value losses
94
Notes to the financial statements
Note 13: Net gain/(loss) from the sale of assets
General Government
Australian Government
2013
2012
2013
2012
$m
$m
$m
$m
Net gain/(loss) from sale of investments
(129)
(2,838)
(436)
(2,266)
Net gain/(loss) from sale of rec eivables
-
-
-
-
(12 9 )
(2 , 8 3 8 )
(4 3 6 )
(2 , 2 6 6 )
147
(10)
248
(9)
159
(11)
262
(10)
less written down value of land and buildings sold
(142)
(263)
(132)
(275)
Ne t ga in/ (loss) from sa le of la nd a nd buildings
(5 )
(2 4 )
16
(2 3 )
162
FINANCIAL AS S ETS
Tota l ne t ga ins/ (losse s) from sa le of
fina nc ia l a sse ts
NO N- FINANCIAL AS S ETS
Proc eeds from sale of land and buildings
less selling c osts of sale of land and buildings
Proc eeds from sale of investment properties
5
160
73
less selling c osts of investment properties
(1)
(1)
(1)
(1)
less written down value of investment properties
(5)
(156)
(45)
(157)
(1)
3
27
4
35
34
41
46
(4)
(2)
(4)
(2)
(54)
(42)
(65)
(67)
a nd e quipme nt
(2 3 )
(10 )
(2 8 )
(2 3 )
Proc eeds from sale of intangibles
1,484
12
1,485
12
-
-
-
-
(2)
1, 4 8 2
(13)
(1)
(4)
1, 4 8 1
(13)
(1)
13
79
13
79
-
-
-
-
(13)
(79)
(13)
(79)
Ne t ga in/ (loss) from sa le of inve stme nt prope rtie s
Proc eeds from sale of infrastruc ture, plant
and equipment
less selling c osts of infrastruc ture, plant
and equipment
less written down value of infrastruc ture, plant and
equipment sold
Ne t ga in/ (loss) from sa le of infra struc ture , pla nt
less selling c osts of intangibles
less written down value of intangibles
Ne t ga in/ (loss) from sa le of inta ngible s
Proc eeds from sale of biologic al assets
less selling c osts of biologic al assets
less written down value of biologic al assets
Ne t ga in/ (loss) from sa le of biologic a l a sse ts
-
-
-
-
Ne t ga in/ (loss) from sa le of non- fina nc ia l a sse ts
1, 4 5 3
(3 2 )
1, 4 9 6
(4 3 )
Ne t ga in/ (loss) from sa le of a sse ts
1, 3 2 4
(2 , 8 7 0 )
1, 0 6 0
(2 , 3 0 9 )
15
12
16
13
1, 3 3 9
(2 , 8 5 8 )
1, 0 7 6
(2 , 2 9 6 )
Add bac k selling c osts inc luded in expenses from
transac tions
Ne t ga in/ (loss) from sa le of a sse ts in othe r
e c onomic flows
95
Notes to the financial statements
Note 14: Net foreign exchange gain/(losses)
General Government
Australian Government
2013
$m
2012
$m
2013
$m
2012
$m
Net foreign exchange gains/(losses)
Non-speculative
(2,284)
1,001
1,678
766
Net foreign exchange gains/(losses)
(2,284)
1,001
1,678
766
Note 15: Net swap interest received
General Government
2013
2012
$m
$m
Australian Government
2013
2012
$m
$m
Net sw ap interest
Net sw ap interest revenue
Net sw ap interest expense
387
(371)
462
(499)
472
(427)
Net sw ap interest received
16
(37)
45
604
(611)
(7)
Note 16: Other gains/(losses)
General Government
2013
2012
$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/(losses)
25,113
4
4
(1,546)
114
23,689
96
(17,620)
12
(2,839)
155
(20,292)
Australian Government
2013
2012
$m
$m
25,298
4
15
(1,546)
114
23,885
(18,765)
12
(2,839)
154
(21,432)
Notes to the financial statements
Note 17: Advances paid and receivables
General Government Australian Government
2013
2012
2013
2012
$m
$m
$m
$m
Advances paid
Loans to State and Territory governments
Higher Education Loan Program
Student Financial Supplement Scheme
Other
less Provision for doubtful debts
2,486
21,593
677
4,641
(24)
2,872
19,400
653
3,917
(25)
2,486
21,593
677
5,349
(30)
2,872
19,400
653
4,528
(31)
Total advances paid
29,373
26,817
30,075
27,422
781
3,261
35,533
189
8,762
1,017
3,033
33,100
59
8,033
1,807
3,261
35,521
493
8,421
1,994
3,033
33,060
648
7,274
(2,522)
(2,626)
(2,538)
(2,641)
(667)
(671)
(667)
(671)
(12,269)
(2,773)
30,295
(11,564)
(2,882)
27,499
(12,269)
(2,773)
31,256
(11,564)
(2,882)
28,251
10,942
396
11,338
41,633
71,006
10,685
339
11,024
38,523
65,340
10,942
545
11,487
42,743
72,818
10,685
469
11,154
39,405
66,827
Advances paid and receivables m aturity schedule
Not later than one year
36,822
Later than one year and not later than tw o years
26,031
Later than tw o years and not later than five years
1,144
Later than five years
7,009
Total advances paid and receivables by m aturity
71,006
32,910
25,178
1,358
5,894
65,340
38,069
26,102
1,620
7,027
72,818
33,403
25,355
1,808
6,261
66,827
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
97
Notes to the financial statements
Reconciliation of the allowance for doubtful debts(a)
Movements in relation to 2013
Australian Government
Opening doubtful debts balance
less Amounts w ritten off
less Amounts recovered and reversed
plus Increase/decrease recognised in net surplus
plus Other movement
Total
Advances
and loans
$m
31
2
(6)
7
30
Goods and
services
and other(a)
$m
2,641
75
7
53
(74)
2,538
Total
$m
2,672
77
7
47
(67)
2,568
Advances
and loans
$m
25
2
(6)
7
24
Goods and
services
and other(a)
$m
2,626
70
6
49
(77)
2,522
Total
$m
2,651
72
6
43
(70)
2,546
Advances
and loans
$m
43
3
10
(19)
31
Goods and
services
and other(a)
$m
2,435
63
66
347
(12)
2,641
Total
$m
2,478
66
66
357
(31)
2,672
Advances
and loans
Goods and
services
and other(a)
General Government
Opening doubtful debts balance
less Amounts w ritten off
less Amounts recovered and reversed
plus Increase/decrease recognised in net surplus
plus Other movement
Total
Movements in relation to 2012
Australian Government
Opening doubtful debts balance
less Amounts w ritten off
less Amounts recovered and reversed
plus Increase/decrease recognised in net surplus
plus Other movement
Total
General Government
$m
$m
Opening doubtful debts balance
38
2,423
less Amounts w ritten 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.
98
Total
$m
2,461
63
64
347
(30)
2,651
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 investm ents, loans and placem ents
General Government
2013
2012
$m
$m
32,455
28,654
233
314
5,247
4,798
29,498
24,837
31,373
31,518
12,291
8,371
111,097
98,492
Australian Government
2013
2012
$m
$m
3,299
4,027
14,942
16,453
86,968
69,773
782
983
9,992
9,157
41
29,498
24,837
31,373
31,518
14,446
10,374
191,300
167,163
General Government
2013
2012
$m
$m
33,661
28,640
24,879
20,897
493
500
59,033
50,037
Australian Government
2013
2012
$m
$m
34,401
29,349
504
790
34,905
30,139
Note 19: Equity investments
Investments - Shares
Investment in public corporations
Equity accounted investments
Total equity investm ents
99