SECTOR STATEMENTS
Consolidated Statement of Financial Performance by sector
for the year ended 30 June 2003
General
government
2003
2002
$m
$m
REVENUES FROM ORDINARY ACTIVITIES
Taxation
Income tax
Indirect tax
Fringe benefits tax
Other taxes
Total taxation revenues
67
Non-taxation
Charges for goods and services
Interest and dividends
Net foreign exchange gains
Proceeds from the sale of assets
Other sources of non-taxation revenue
Total non-taxation revenues
Revenues from ordinary activities
132,111 119,032
27,256 25,431
2,832
3,675
1,595
1,426
163,794 149,564
Public non-financial
corporations
2003
2002
$m
$m
Public financial
corporations
2003
2002
$m
$m
Eliminations and
netting
2003
2002
$m
$m
-
-
-
-
(1,721)
(15)
(55)
(31)
(1,822)
(1,733)
(12)
(49)
(1,794)
3,747
8,132
1,126
6,278
4,126
23,409
25,170
623
20
900
403
27,116
25,934
1,000
507
343
27,784
2,317
2,547
2,454
126
7,444
2,117
2,607
350
2,738
115
7,927
(648)
(5,047)
(159)
(548)
(6,402)
(733)
(5,810)
(10)
(76)
(573)
(7,202)
183,636 172,973
27,116
27,784
7,444
7,927
(8,224)
(8,996)
3,901
7,043
786
2,993
5,119
19,842
Consolidated
2003
$m
2002
$m
130,390 117,299
27,241
25,419
2,777
3,626
1,564
1,426
161,972 147,770
30,740
5,166
647
6,347
5,100
48,000
31,065
5,929
1,466
9,447
4,011
51,918
209,972 199,688
Consolidated Statement of Financial Performance by sector
for the year ended 30 June 2003 (continued)
General
government
2003
2002
$m
$m
EXPENSES FROM ORDINARY ACTIVITIES
Goods and services
Employee benefits
Suppliers
Depreciation and amortisation
Net w rite-dow n and impairment of assets
Value of assets sold
Net foreign exchange losses
Other goods and services expenses
Total cost of goods and services
25,453
13,878
3,986
3,499
2,868
7,004
56,688
Public non-financial
corporations
2003
2002
$m
$m
Public financial
corporations
2003
2002
$m
$m
Eliminations and
netting
2003
2002
$m
$m
Consolidated
2003
$m
2002
$m
31,026
22,593
7,745
3,576
4,935
9,005
78,880
24,943
22,388
7,336
6,499
7,000
7,522
75,688
68
19,287
13,125
3,544
6,494
2,751
5,599
50,800
5,360
9,153
3,738
205
695
47
19,198
5,441
9,789
3,770
2,405
1,560
19
47
23,031
268
205
21
60
1,372
164
2,070
4,160
249
196
22
74
2,689
1,986
5,216
(55)
(643)
(188)
(164)
(116)
(1,166)
(34)
(722)
(2,474)
(19)
(110)
(3,359)
Subsidies, benefits and grants
Subsidies
Personal benefits
Grants
Total subsidies, benefits and grants
Borrow ing costs expense
8,811
8,042
76,259 73,498
34,834 36,912
119,904 118,452
6,657
7,495
1,427
1,914
1,074
1,000
(75)
(100)
(302)
(477)
(1,123)
(71)
(28)
(365)
(464)
(1,087)
8,736
7,971
76,159
73,470
34,532
36,547
119,427 117,988
8,035
9,322
Expenses from ordinary activities
183,249 176,747
20,625
24,945
5,234
6,216
(2,766)
(4,910)
206,342 202,998
(1,022)
(65)
5,469
2,774
Share of net profit /(loss) from associates and
joint ventures accounted for using
the equity method
76
Net result from ordinary activities
463
(3,774)
2,210
1,711
(5,458)
(4,086)
(946)
(65)
2,684
(3,375)
Consolidated Statement of Financial Performance by sector
for the year ended 30 June 2003 (continued)
General
government
2003
2002
$m
$m
Income tax expense relating to ordinary activities
Net result
Net result attributable to outside equity interests
69
Net result attributable to the
Australian Governm ent
Net credit (debit) to asset revaluation reserve
Net exchange difference on translation of
report of self-sustaining foreign operations
Other non-ow ner related movements in equity
Total revenues, expenses and valuation
adjustm ents attributable to the
Australian Governm ent and recognised
directly in equity
Total changes in equity other than those
resulting from transactions w ith ow ners
as ow ners
Public non-financial
corporations
2003
2002
$m
$m
Public financial
corporations
2003
2002
$m
$m
Eliminations and
netting
2003
2002
$m
$m
Consolidated
2003
$m
2002
$m
-
-
(1,698)
(1,978)
-
-
1,698
1,978
-
-
463
-
(3,774)
-
3,771
(36)
796
(12)
2,210
-
1,711
-
(3,760)
1,711
(2,108)
1,850
2,684
1,675
(3,375)
1,838
463
1,631
(3,774)
1,513
3,807
48
808
18
2,210
(8)
1,711
99
(5,471)
-
(3,958)
-
1,009
1,671
(5,213)
1,630
(1,710)
110
(185)
1,550
(25)
32
2
10
92
(1,566)
12
23
(93)
(1,724)
(13)
175
(79)
1,623
1,413
25
(6)
109
(1,474)
35
(146)
1,792
384
(2,151)
5,220
833
2,204
1,820
(6,945)
(3,923)
863
(3,421)
Consolidated Statement of Financial Position by sector
as at 30 June 2003
General
government
2003
2002
$m
$m
ASSETS
Financial assets
Cash
Receivables
Accrued revenue
Investments - accounted for using the
equity method
Investments - other
Other financial assets
Total financial assets
70
Non-financial assets
Inventories
Tax assets
Land and buildings
Infrastructure, plant and equipment
Heritage and cultural assets
Intangibles
Other non-financial assets
Total non-financial assets
Total assets
Public non-financial
corporations
2003
2002
$m
$m
Public financial
corporations
2003
2002
$m
$m
Eliminations and
netting
2003
2002
$m
$m
(1,293)
(158)
(185)
2,339
28,156
517
2,231
28,193
573
1,205
5,111
1,156
1,195
4,921
1,251
1,724
2,909
347
1,423
3,536
406
451
37,517
23
69,003
3
37,141
38
68,179
173
95
2
7,742
1,214
105
3
8,689
11
67,212
187
72,390
5
60,992
157
66,519
4,044
18,275
38,938
4,765
1,357
1,911
3,800
17,003
37,671
4,763
1,144
1,244
340
283
1,664
23,517
5,298
1,081
736
394
1,692
23,832
5,384
1,072
9
254
69
24
22
4
257
59
21
31
69,290
65,625
32,183
33,110
378
372
138,293 133,804
39,925
41,799
72,768
66,891
(1,012)
(277)
(123)
113
(38,819) (38,710)
(40,455) (40,009)
Consolidated
2003
$m
2002
$m
3,975
36,018
1,835
3,837
36,373
2,107
635
1,335
66,005 59,528
212
198
108,680 103,378
(283)
(36)
(1)
(394)
1
(2)
(32)
4,393
20,193
62,524
4,765
6,679
2,978
4,539
18,953
61,562
4,763
6,547
2,315
(319)
(428)
101,532
98,679
(40,774) (40,437)
210,212 202,057
Consolidated Statement of Financial Position by sector
as at 30 June 2003 (continued)
General
government
2003
2002
$m
$m
Public non-financial
corporations
2003
2002
$m
$m
Public financial
corporations
2003
2002
$m
$m
Eliminations and
netting
2003
2002
$m
$m
(66)
(12)
(2,477)
(2,555)
71
LIABILITIES
Payables
Suppliers
Personal benefits
Subsidies
Grants
Other payables and accrued expenses
Total payables
2,291
1,879
415
7,815
4,054
16,454
2,085
1,797
389
7,522
3,831
15,624
1,486
3,250
4,736
1,648
4,985
6,633
81
2,758
2,839
54
2,366
2,420
Interest bearing liabilities
Overdrafts
Deposits
Government securities
Loans
Leases
Other interest bearing liabilities
Total interest bearing liabilities
325
57,953
5,130
213
1,709
65,330
300
63,821
6,098
247
3,190
73,656
1
12,952
20
426
13,399
14,554
40
14,594
14,736
3,847
8,380
26,963
13,993
4,496
3,182
21,671
Tax liabilities
Consolidated
2003
$m
2002
$m
(107)
(11)
(3,598)
(3,716)
3,792
1,879
403
7,815
7,585
21,474
3,680
1,797
378
7,522
7,584
20,961
(13,463) (11,481)
(11,800) (13,120)
(86)
(103)
(25,349) (24,704)
1
1,598
46,153
21,929
233
10,429
80,343
2,812
50,701
25,148
287
6,269
85,217
-
-
-
-
2,730
2,864
-
-
(2,730)
(2,864)
Provisions
Provision for taxation refunds
Employees
Australian currency on issue
Other provisions
Total provisions
1,122
97,287
6,175
104,584
1,705
88,414
2,862
92,981
1,956
89
2,045
2,032
165
2,197
491
32,172
291
32,954
463
31,930
323
32,716
-
-
1,122
1,705
99,734 90,909
32,172 31,930
6,555
3,350
139,583 127,894
Total liabilities
186,368 182,261
22,910
26,288
62,756
56,807
(30,634) (31,284)
241,400 234,072
Net assets
(48,075) (48,457)
17,015
15,511
10,012
10,084
(10,140)
(31,188) (32,015)
(9,153)
Consolidated Statement of Financial Position by sector
as at 30 June 2003 (continued)
General
government
2003
2002
$m
$m
Public non-financial
corporations
2003
2002
$m
$m
Public financial
corporations
2003
2002
$m
$m
Eliminations and
netting
2003
2002
$m
$m
Consolidated
2003
$m
2002
$m
72
EQUITY
Parent entity interests
Contributed equity
Accumulated results
Reserves
Total parent entity interests
(81,455) (80,118)
33,380 31,655
(48,075) (48,463)
7,187
9,695
131
17,013
7,210
11,020
(2,715)
15,515
64
435
9,513
10,012
64
410
9,610
10,084
(7,251) (7,274)
(4,686) (3,625)
(5,898) (5,984)
(17,835) (16,883)
(76,011) (72,313)
37,126 32,566
(38,885) (39,747)
Outside equity interests
Total equity
6
(48,075) (48,457)
2
17,015
(4)
15,511
10,012
10,084
7,695
(10,140)
7,730
(9,153)
7,697
7,732
(31,188) (32,015)
Current liabilities
Non-current liabilities
Total liabilities
31,814 53,467
154,554 128,794
186,368 182,261
7,612
15,298
22,910
9,610
16,678
26,288
26,508
36,248
62,756
21,032
35,775
56,807
(21,939) (10,364)
(8,695) (20,920)
(30,634) (31,284)
43,995 73,745
197,405 160,327
241,400 234,072
Current assets
Non-current assets
Total assets
30,177 62,711
108,116 71,093
138,293 133,804
7,522
32,403
39,925
7,546
34,253
41,799
46,056
26,712
72,768
41,924
24,967
66,891
(21,877) (19,192)
(18,897) (21,245)
(40,774) (40,437)
61,878 92,989
148,334 109,068
210,212 202,057
Consolidated Statement of Cash Flows by sector(a)
for the year ended 30 June 2003
General
government
2003
$m
2002
$m
Public non-financial
corporations
2003
2002
$m
$m
Public financial
corporations
2003
$m
2002
$m
73
OPERATING ACTIVITIES
Cash received
Taxes
Sales of goods and services
Interest
Dividends
Goods and Services Tax refunds
Other
Total cash received
160,565
4,068
3,267
3,961
2,406
2,954
177,221
147,464
3,746
3,460
4,770
2,074
2,640
164,153
27,408
136
1
141
366
28,052
27,288
178
2
307
27,775
2,338
2,347
3
126
4,814
2,143
2,415
14
0
117
4,689
Cash used
Income tax paid
Employees
Suppliers
Subsidies paid
Personal benefits
Grant payments
Borrow ing costs
Goods and Services Tax paid
Other
Total cash used
16,967
15,870
8,236
76,598
34,698
6,448
68
5,952
164,837
16,016
15,482
7,519
73,335
36,305
7,234
133
5,456
161,481
1,721
5,439
10,540
1,036
1,446
115
20,297
1,682
5,557
10,056
1,069
1,259
68
19,690
238
181
947
2,086
3,452
1
241
235
0
920
1
1,936
3,334
12,384
2,672
7,755
8,085
1,362
1,355
Net cash from /(to) operating activities
Consolidated Statement of Cash Flows by sector(a)
for the year ended 30 June 2003 (continued)
General
government
2003
$m
2002
$m
Public non-financial
corporations
2003
2002
$m
$m
Public financial
corporations
2003
$m
2002
$m
74
INVESTING ACTIVITIES
Cash received
Advances and loans
Proceeds from asset sales program
Proceeds from sales of property, plant
and equipment and intangibles
Proceeds from sale of investments
Other
Total cash received
-
4,477
33
3
45
-
206
-
265
-
1,314
1,596
49
2,959
917
808
2,979
9,182
862
48
3
949
314
55
270
683
6
1,362
34
1,608
23
2,607
2,895
Cash used
Purchase of property, plant and equipment and intangibles
Net advances and loans paid
Purchase of investments
Other
Total cash used
6,102
4
3,437
9,543
4,578
808
679
6,065
3,544
75
3,619
3,947
235
4,182
33
1,513
1,546
39
2,429
21
2,489
(6,584)
3,117
(2,670)
(3,499)
62
406
335
335
7
7
120
120
-
242
804
1,046
4,763
37
4,800
Net cash from /(to) investing activities
FINANCING ACTIVITIES
Cash received
Proceeds from issues of currency
Other
Total cash received
Consolidated Statement of Cash Flows by sector(a)
for the year ended 30 June 2003 (continued)
Cash used
Net repayments of borrow ings
Dividends paid
Other
Total cash used
Net cash from /(to) financing activities
Net increase/(decrease) in cash held
Cash at beginning of year
General
government
2003
$m
Public non-financial
corporations
2003
2002
$m
$m
Public financial
corporations
2003
$m
2002
$m
6,002
25
6,027
3,903
840
4,743
1,153
3,682
20
4,855
1,052
3,292
99
4,442
333
1,899
2,232
268
2,838
2,873
5,979
(5,692)
(4,737)
(4,735)
(4,442)
(1,186)
(1,179)
108
1,052
350
144
238
582
2,231
1,179
1,955
1,811
1,760
1,178
2002
$m
75
Cash at end of year
2,339
2,231
2,305
1,955
1,998
1,760
(a) Transactions between sectors are included in this statement but eliminated in the consolidated statements to avoid double counting. Accordingly, the sum of the
amounts for each line item may exceed or be less than the equivalent amount in the consolidated statements.