SECTOR STATEMENTS
Australian Government operating statement by sector — including General Government Sector Financial Report
for the year ended 30 June 2012
General
Note
35
Revenue from transactions
Taxation revenue
Sales of goods and services
Interest income
Dividend income
Other
Total revenue
Expenses from transactions
Gross operating expenses
Wages and salaries
Superannuation
Depreciation and amortisation
Supply of goods and services
Other operating expenses
Total gross operating expenses
Superannuation interest expense
Interest expenses
Public nonfinancial
corporations
2012
2011
$m
$m
Public
financial
corporations
2012
2011
$m
$m
government
2012
$m
2011
$m
2
3
4
4
5
316,779
8,106
4,617
2,662
5,994
338,158
289,004
7,680
5,169
2,562
5,473
309,888
7,828
129
90
8,047
7,354
100
108
7,562
5,606
2,107
72
174
7,959
6
6
7
8
6
18,192
4,564
5,841
71,779
6,608
106,984
7,376
13,479
17,940
4,512
5,876
66,200
5,054
99,582
6,997
11,370
2,887
236
555
3,614
561
7,853
110
2,780
227
432
3,402
340
7,181
60
10
111,013
10,020
112,906
233,939
108,878
8,690
105,559
223,127
156
156
10
10
2,034
13,497
15,531
377,309
(39,151)
2,442
12,994
15,436
356,512
(46,624)
8,119
(72)
6
Eliminations and
Australian
netting(a)
2012
$m
2011
$m
Government
2012
$m
2011
$m
5,237
2,173
64
154
7,628
(231)
(1,280)
(762)
(1,262)
(201)
(3,736)
(166)
(1,173)
(650)
(595)
(205)
(2,789)
316,548
20,260
6,091
1,472
6,057
350,428
288,838
19,098
6,792
2,031
5,530
322,289
526
74
84
4,960
199
5,843
982
433
71
76
4,550
260
5,390
878
(14)
(1,281)
(1)
(1,296)
(760)
1
(18)
(1,193)
(3)
(1,213)
(650)
21,605
4,860
6,480
79,072
7,367
119,384
7,376
13,811
21,154
4,792
6,384
72,959
5,651
110,940
6,997
11,658
(132)
(132)
74
74
131
131
(36)
(147)
(230)
(413)
(44)
(119)
1
(162)
110,977
9,873
112,906
233,756
108,834
8,571
105,559
222,964
7,109
453
6,899
1,060
6,399
1,229
(2,469)
(1,267)
(2,025)
(764)
2,034
13,497
15,531
389,858
(39,430)
2,442
12,994
15,436
367,995
(45,706)
€9.00
11
Sector statemenst
Current transfers
Current grants
Subsidy expenses
Personal benefits
Tax expenses
Total current transfers
Capital transfers
Mutually agreed write-downs
Other capital grants
Total capital transfers
Total expenses
Net operating balance
Note
36
Other economic flows - included
in operating result
Net write-downs of assets
(including bad and doubtful debts)
Assets recognised for the first time
Net gain/(loss) from the sale of assets
Net foreign exchange gains
Net swap interest received
Other gains/(losses)
Share of net result from associates
and joint ventures accounted for using
the equity method
Operating result
Other economic flows - Other
non-owner movements in equity
Revaluation of equity
Revaluation of non-financial assets
Actuarial revaluations of superannuation
Other economic revaluations
Comprehensive result - Total change
in net worth before transactions with
owners in their capacity as owners
Net operating balance
less Net acquisition of non-financial
assets
Purchases of non-financial assets
less Sales of non-financial assets
less Depreciation
plus Change in inventories
plus Other movements in non-financial
assets
Total net acquisition of non-financial
assets
Fiscal balance (Net
lending/borrowing)
12
13
14
15
16
32
32
37F
General
government
2012
$m
Public non-financial
corporations
2012
2011
$m
$m
Public financial
corporations
2012
2011
$m
$m
Eliminations and
netting(a)
2011
2011
$m
$m
Australian
Government
2012
$m
2011
$m
2011
$m
(6,607)
581
(2,858)
1,001
(37)
(20,216)
(6,030)
508
(2,722)
8,249
2,782
(309)
(10)
(2)
5
-
(510)
16
(13)
(2)
6
(8)
572
(232)
25
(18)
(14)
(144)
(5,622)
15
71
3
(1)
(1,116)
43
8
(2,536)
(6,921)
581
(2,296)
766
(7)
(21,350)
(6,511)
508
(2,842)
2,614
13
323
32
(67,255)
57
(43,780)
17
(371)
20
(30)
1,399
(4,465)
(1)
(2,382)
1
(3,248)
48
(68,609)
78
(51,523)
(918)
1,139
(85,209)
(101)
(7,142)
1,305
740
105
(263)
(690)
299
613
158
(202)
453
14
(1)
(4)
(176)
8
-
828
(1)
(286)
7,065
204
363
890
(85,901)
(92)
(253)
1,926
898
107
(152,344)
(39,151)
(48,772)
(46,624)
(1,025)
(72)
539
453
1,861
1,060
(4,633)
1,229
(1,841)
(1,267)
4,021
(764)
(153,349)
(39,430)
(48,845)
(45,706)
10,329
505
5,840
898
(29)
10,710
402
5,876
764
102
2,106
26
555
10
390
1,556
110
432
8
198
84
1
84
3
(2)
85
1
76
(7)
(2)
(1)
(1)
(1)
(1)
141
1
1
12,519
531
6,478
910
358
12,492
513
6,384
766
299
4,853
5,298
1,925
1,220
-
(1)
-
143
6,778
6,660
(44,004)
(51,922)
(1,997)
(767)
1,060
1,230
(1,267)
(907)
(46,208)
(52,366)
(a) The eliminations and netting column includes adjustments resulting from the elimination of inter-sector transactions and the netting of gains and losses from asset sales and foreign currency transactions.
Sector statements
Australian Government operating statement by sector — including General Government Sector Financial Report (continued)
for the year ended 30 June 2012
Australian Government balance sheet by sector — including General Government Sector Financial Report
as at 30 June 2012
Note
37
Public non-financial
corporations
Public financial
corporations
Eliminations and
netting(a)
Australian
Government
2012
2011
2012
2011
2012
2011
2011
2011
2012
2011
$m
$m
$m
$m
$m
$m
$m
$m
$m
$m
33B
17
17
18
2,523
26,817
38,503
98,492
2,364
21,889
36,626
98,674
1,892
16
1,164
145
1,551
14
1,068
357
903
1,610
861
84,085
1,893
1,481
716
76,705
(677)
(1,021)
(1,142)
(16,120)
(381)
(1,011)
(153)
(12,948)
4,641
27,422
39,386
166,602
5,427
22,373
38,257
162,788
19
50,037
216,372
50,356
209,909
294
3,511
301
3,291
708
88,167
941
81,736
(20,897)
(39,857)
(18,725)
(33,218)
30,142
268,193
32,873
261,718
20
20
20
8,648
23,332
52,862
8,688
22,448
50,555
354
1,862
5,954
356
1,753
5,098
153
250
171
149
247
176
1
-
(1)
1
-
9,155
25,445
58,987
9,192
24,449
55,829
21
20
22
23
20
5,501
181
7,339
37
10,433
4,385
472
6,874
104
9,746
868
196
100
-
582
183
96
-
367
21
-
363
18
-
-
(1)
(1)
-
6,736
377
7,460
37
10,433
5,329
655
6,987
104
9,746
23
90
2,725
154
2,272
54
814
896
61
795
516
54
74
51
54
47
57
(888)
(115)
(842)
(75)
198
3,557
269
2,770
111,148
105,698
11,098
9,440
1,141
1,111
(1,002)
(919)
122,385
115,330
327,520
315,607
14,609
12,731
89,308
82,847
(40,859)
(34,137)
390,578
377,048
23
24
Sector statements
Assets
Financial assets
Cash and deposits
Advances paid
Other receivables
Investments, loans and
placements
Equity investments (c)
Total financial assets
Non-financial assets
Land
Buildings
Plant, equipment and
infrastructure
Intangibles
Investment property
Inventories
Biological assets
Heritage and cultural
assets
Assets held for sale
Tax assets
Other non-financial
assets
Total non-financial
assets
Total assets
General
government
Note
38
Liabilities
Interest bearing
liabilities
Overdrafts
Deposits held
Government securities
Loans
Other borrowing
Other interest bearing
liabilities
Total interest bearing
liabilities
Provisions and
payables
Superannuation liability
Other employee
liabilities
Suppliers payable
Personal benefits
payable
Subsidies payable
Grants payable
Australian currency on
issue
Tax liabilities
Other payables
Other provisions
Total provisions and
payables
Total liabilities
General
government
Public non-financial
corporations
Public financial
corporations
Eliminations and
netting(a)
Australian
Government
2012
2011
2012
2011
2012
2011
2011
2011
2012
2011
$m
$m
$m
$m
$m
$m
$m
$m
$m
$m
192
269,775
4,053
848
5,220
208
201,755
4,714
756
5,080
60
1,840
238
4
1,382
1
4
18,000
2,672
2,493
17,504
2,466
2,345
(15,179)
(1,577)
(950)
3
-
(12,810)
(457)
(961)
-
60
3,013
268,198
7,615
1,089
7,717
4,902
201,298
7,601
757
7,429
280,088
212,513
2,142
1,387
23,165
22,315
(17,703)
(14,228)
287,692
221,987
30
30
235,385
14,591
145,113
11,563
455
1,210
88
1,174
1,160
1,066
-
-
235,840
16,961
145,201
13,803
31
31
5,426
5,386
5,917
6,461
816
-
690
-
306
-
313
-
(184)
-
(135)
-
6,364
5,386
6,785
6,461
31
31
31
2,392
3,012
-
1,823
3,346
-
-
-
53,595
50,059
-
-
2,392
3,012
53,595
1,823
3,346
50,059
31
31
3,971
29,427
299,590
4,782
24,127
203,132
392
714
336
3,923
521
588
352
3,413
32
1,874
385
57,352
142
612
388
52,580
(424)
(1,112)
(1,720)
(663)
(129)
(927)
5,447
30,148
359,145
5,853
24,867
258,198
579,678
415,645
6,065
4,800
80,517
74,895
(19,423)
(15,155)
646,837
480,185
33B
25
26
27
28
29
Sector statements
Australian Government balance sheet by sector — including General Government Sector Financial Report (continued)
as at 30 June 2012
Australian Government balance sheet by sector — including General Government Sector Financial Report (continued)
as at 30 June 2012
Note
General
government
Public non-financial
corporations
Public financial
corporations
Eliminations and
netting(a)
Australian
Government
39
2012
2011
2012
2011
2012
2011
2011
2011
2012
2011
$m
$m
$m
$m
$m
$m
$m
$m
$m
$m
(11,067)
(4,113)
(6,256)
(21,436)
(18,764)
(659)
(19,423)
(9,433)
(5,157)
(4,392)
(18,982)
(14,335)
(820)
(15,155)
(301,184)
44,925
(256,259)
84,757
562,080
646,837
(146,637)
43,500
(103,137)
88,640
391,545
480,185
(18,507)
(22,352)
(40,859)
(14,293)
(19,844)
(34,137)
209,898
180,680
390,578
211,851
165,197
377,048
Net worth
Accumulated results
(292,341)
(140,795)
772
1,865
1,452
1,726
Reserves
40,183
40,757
1,647
1,820
7,208
6,080
Contributed equity
6,125
4,246
131
146
Minority interests
Net worth
(252,158)
(100,038)
8,544
7,931
8,791
7,952
Current liabilities
76,848
78,207
2,574
2,631
24,099
22,137
Non-current liabilities
502,830
337,438
3,491
2,169
56,418
52,758
Total liabilities by
579,678
415,645
6,065
4,800
80,517
74,895
maturity
Current assets
153,392
155,781
3,350
2,897
71,663
67,466
Non-current assets
174,128
159,826
11,259
9,834
17,645
15,381
Total assets by
327,520
315,607
14,609
12,731
89,308
82,847
maturity
(a) The eliminations and netting column includes adjustments resulting from the elimination of inter-sector
sales and foreign currency transactions.
transactions and the netting of gains and losses from asset
Sector statements
General
Public non-financial
corporations
Public financial
corporations
Eliminations and
netting(a)
Australian
Government
government
40
OPERATING ACTIVITIES
Cash received
Taxes received
Receipts from sales of
goods and services
Interest receipts
Dividend receipts
GST receipts
Other receipts
Total cash received
Cash used
Taxes paid
Payments for employees
Payments for goods and services
Grants and subsidies paid
Interest paid
Personal benefits
GST paid
Other payments
Total cash used
Net cash from/(used by)
operating activities
2012
2011
2012
2011
2012
2011
2011
2011
2012
2011
$m
$m
$m
$m
$m
$m
$m
$m
$m
$m
309,948
280,839
-
-
-
-
(205)
(197)
309,743
280,642
7,778
4,267
1,789
5,588
329,370
7,522
4,943
3,248
5,070
301,622
8,499
119
15
120
24
8,777
8,096
99
18
78
113
8,404
5,763
2,272
68
21
170
8,294
5,173
2,276
64
156
7,669
(1,233)
(755)
(341)
(141)
(103)
(2,778)
(2,001)
(653)
(1,353)
(78)
(277)
(4,559)
20,807
5,903
1,531
5,679
343,663
18,790
6,665
1,977
5,062
313,136
(24,848)
(70,730)
(135,721)
(10,875)
(112,905)
(5,459)
(360,538)
(24,381)
(65,400)
(126,599)
(9,551)
(105,959)
(4,369)
(336,259)
(30)
(3,143)
(4,053)
(82)
(322)
(485)
(8,115)
(80)
(2,987)
(3,950)
(58)
(270)
(411)
(7,756)
(208)
(579)
(5,065)
(50)
(1,101)
(8)
(52)
(7,063)
(86)
(490)
(4,471)
(843)
(119)
(6,009)
238
13
915
183
779
330
2
2,460
166
16
2,184
164
641
270
(244)
3,197
(28,557)
(78,933)
(135,588)
(11,279)
(112,905)
(5,994)
(373,256)
(27,842)
(71,637)
(126,435)
(9,811)
(105,959)
(5,143)
(346,827)
(31,168)
(34,637)
662
648
1,231
1,660
(318)
(1,362)
(29,593)
(33,691)
Sector statement
Australian Government cash flow statement by sector — including General Government Sector Financial Report
for the year ended 30 June 2012
Australian Government cash flow statement by sector — including General Government Sector Financial Report (continued)
for the year ended 30 June 2012
General
government
41
INVESTING ACTIVITIES
Cash flows from investments
in non-financial assets
Sales of non-financial assets
Purchases of non-financial assets
Net cash flows from investments
in non-financial assets
Cash flows from investments
in financial assets for
policy purposes
Net advances repaid/(paid)
Net cash flows from investments
in financial assets for
policy purposes
Cash flows from investments
in financial assets for
liquidity purposes
Decrease/(Increase) in
investments
Net cash flows from investments
in financial assets for
liquidity purposes
Net cash from/(used by)
investing activities
Public non-financial
corporations(b)
Public financial
corporations
Eliminations and
netting(a)
Australian
Government
2012
2011
2012
2011
2012
2011
2011
2011
2012
2011
$m
$m
$m
$m
$m
$m
$m
$m
$m
$m
505
(10,477)
402
(9,897)
68
(2,483)
67
(1,747)
1
(80)
1
(82)
(1)
(221)
574
(13,041)
470
(11,947)
(9,972)
(9,495)
(2,415)
(1,680)
(79)
(81)
(1)
(221)
(12,467)
(11,477)
(5,866)
(7,028)
-
1
80
(140)
3
(210)
(5,783)
(7,377)
(5,866)
(7,028)
-
1
80
(140)
3
(210)
(5,783)
(7,377)
1,030
7,195
(301)
(66)
(6,297)
925
5,052
(1,543)
(516)
6,511
1,030
7,195
(301)
(66)
(6,297)
925
5,052
(1,543)
(516)
6,511
(14,808)
(9,328)
(2,716)
(1,745)
(6,296)
704
5,054
(1,974)
(18,766)
(12,343)
Sector statements
General
Public non-financial
corporations
Public financial
corporations
Eliminations and
netting(a)
Australian
Government
government
42
FINANCING ACTIVITIES
Cash flows from financing
activities
Cash received
Borrowings
Other financing
Total cash received
Cash used
Distributions paid
Other financing
Total cash used
Net cash flows from
financing activities
Net (decrease)/increase
in cash held
Cash at beginning of year
Cash at end of year
Key fiscal aggregate
Net cash flows from operating
activities
Net cash flows from investments
in non-financial assets
Cash surplus/(deficit)
Finance leases and similar
arrangements
GFS cash surplus/(deficit)
2012
2011
2012
2011
2012
2011
2011
2011
2012
2011
$m
$m
$m
$m
$m
$m
$m
$m
$m
$m
47,020
47,020
44,799
44,799
688
1,896
2,584
160
1,606
1,766
627
3,539
4,166
363
1,433
1,796
(1,127)
(2,744)
(3,871)
719
(1,920)
(1,201)
47,208
2,691
49,899
46,041
1,119
47,160
(885)
(885)
(335)
(335)
(249)
(249)
(140)
(140)
(91)
(91)
(1,214)
(3,378)
(4,592)
340
(1,501)
(1,161)
1,354
2,504
3,858
(2,386)
(2,386)
(1,209)
(1,209)
46,135
44,464
2,335
1,626
4,075
(2,796)
(5,032)
2,657
47,513
45,951
159
2,364
2,523
499
1,865
2,364
281
1,551
1,832
529
1,022
1,551
(990)
1,893
903
(432)
2,325
1,893
(296)
(381)
(677)
(679)
298
(381)
(846)
5,427
4,581
(83)
5,510
5,427
(31,168)
(34,637)
662
648
1,231
1,660
(318)
(1,362)
(29,593)
(33,691)
(9,972)
(41,140)
(9,495)
(44,132)
(2,415)
(1,753)
(1,680)
(1,032)
(79)
1,152
(81)
1,579
(1)
(319)
(221)
(1,583)
(12,467)
(42,060)
(11,477)
(45,168)
(16)
(41,156)
(59)
(44,191)
(1,753)
(1,032)
1,152
1,579
(319)
(1,583)
(16)
(42,076)
(59)
(45,227)
(a) The eliminations and netting column includes adjustments resulting from the elimination of inter-sector transactions and the netting of gains and losses from asset
sales and foreign currency transactions.
Sector statements
Australian Government cash flow statement by sector — including General Government Sector Financial Report (continued)
for the year ended 30 June 2012
Australian Government statement of changes in equity — General Government Sector
for the year ended 30 June 2012
General government
Reserves
Asset
Foreign
currency
revaluation
reserve
translation
reserve
Accumulated
Item
43
Opening balance as at 1 July 2011
Non-material changes
in accounting policy and errors
Adjusted opening balance as at 1 July
2011
Comprehensive result - Total change in
net worth
Transfers to/(from)/between reserves
Equity as at 30 June 2012
less Minority interests
Attributable to the Australian
Government
results
Investments
Statutory
reserve
funds
Other
Total
Contributed
equity
Total
$m
40,757
$m
-
$m
(100,038)
reserves
$m
(140,795)
$m
27,736
$m
-
$m
12,919
$m
-
reserves
$m
102
449
(140,346)
(11)
27,725
-
(212)
12,707
-
(2)
100
(225)
40,532
-
224
(99,814)
(152,189)
194
(292,341)
-
1,080
3
28,808
-
(178)
(178)
-
(1,222)
11,485
-
-
(13)
(19)
68
-
(155)
(194)
40,183
-
-
(152,344)
(252,158)
-
(292,341)
28,808
(178)
11,485
-
68
40,183
-
(252,158)
Sector statements
Sector statements
Australian Government statement of changes in equity — General Government Sector (continued)
for the year ended 30 June 2011
General government
Reserves
Accumulated
Item
44
Opening balance as at 1 July 2010
Non-material changes
in accounting policy and errors
Adjusted opening balance as at 1 July
2010
Comprehensive result - Total change in
net worth
Transfers to/(from)/between reserves
Net worth as at 30 June 2011
less Minority interests
Attributable to the Australian
Government
results
Asset
revaluation
reserve
Foreign
currency
translation
reserve
Investments
Statutory
reserve
funds
Other
Total
Contributed
equity
Total
$m
47,914
$m
-
$m
(51,121)
reserves
$m
(99,035)
$m
26,110
$m
-
$m
21,883
$m
-
reserves
$m
(79)
(216)
(99,251)
312
26,422
-
(261)
21,622
-
20
(59)
71
47,985
-
(145)
(51,266)
(41,513)
(31)
(140,795)
-
1,317
(3)
27,736
-
-
(8,703)
12,919
-
-
127
34
102
-
(7,259)
31
40,757
-
-
(48,772)
(100,038)
-
(140,795)
27,736
-
12,919
-
102
40,757
-
(100,038)