2008‑09 GFS/GAAP HARMONISED FINANCIAL STATEMENTS

Table E.1	
Australian Capital Territory	
General Government Sector	
Operating Statement	
2007-08	 	 	2007-08	2008-09	 	2009-10	2010-11	2011-12	
Budget			Est.Outcome	Budget	Var	Estimate	Estimate	Estimate	
$'000	 	 	$'000	$'000	%	$'000	$'000	$'000	
 									
		Revenue							
924,146		Taxation Revenue	1,030,227	1,048,752	2 	1,084,773	1,126,710	1,178,411	
1,343,279		Grants Revenue	1,367,779	1,440,502	5 	1,496,822	1,569,168	1,632,733	
325,096		Sales of Goods and Services Revenue	360,360	359,693	.. 	372,320	384,260	397,577	
110,725		Interest Income	122,350	164,671	35 	177,516	186,362	196,630	
188,080		Dividend and Income Tax Equivalent Income 	210,448	161,124	-23 	167,942	161,759	162,192	
141,701		Other Revenue	187,258	143,402	-23 	156,180	163,461	171,263	
3,033,027		Total Revenue	3,278,422	3,318,144	1 	3,455,553	3,591,720	3,738,806	
									
		Expenses							
1,055,582		Employee Expenses	1,069,049	1,145,062	7 	1,186,270	1,231,194	1,276,310	
		Superannuation Expenses							
191,710		Superannuation Interest Cost	189,954	194,910	3 	223,377	239,806	256,670	
210,176		Other Superannuation Expenses	215,493	227,281	5 	215,770	220,849	249,413	
183,251		Depreciation and Amortisation Expenses	187,744	216,185	15 	239,018	259,046	264,118	
47,771		Interest Expenses	53,563	62,918	17 	79,537	80,920	77,545	
		Other Operating Expenses							
614,611		Supplies and Services	671,382	726,464	8 	770,792	820,610	879,597	
162,399		Other	163,185	135,356	-17 	145,039	153,131	160,618	
554,012		Grants Expenses	591,407	615,543	4 	630,373	648,138	665,977	
3,019,512		Total Expenses	3,141,777	3,323,719	6 	3,490,176	3,653,694	3,830,248	
									
13,515	 	UPF Net Operating Balance	136,645	-5,575	-104 	-34,623	-61,974	-91,442	
									
		Other Economic Flows - included in operating result					
0		Dividends - Market Gains on Land Sales	94,700	24,286	-74 	11,405	14,775	14,947	
189,660		Net Land Revenue (Accrual Revenue)	152,872	302,256	98 	237,013	271,295	218,959	
100		Net Gain on Sale of Non‑Financial Assets	-2,782	100	104 	100	104	108	
89,459		Net Gain on Financial Assets or Liabilities at Fair Value	-173,713	90,464	152 	105,819	115,655	125,170	
-1,411		Bad Debts Written Off	-2,838	-1,458	49 	-1,504	-1,551	-1,601	
									
291,323	 	Operating Result	204,884	410,073	100 	318,210	338,304	266,141	

Other Economic Flows - Other Movements in Equity					
0		Net Effect of a Correction for an Error	1	-1,875	# 	0	0	0	
0		Superannuation Prior Year Actuarial Movement	0	-207,507	# 	0	0	0	
0		Increase/(Decrease) in Asset Revaluation Reserve	1,328,180	0	-100 	0	0	0	
0		Increase/(Decrease) in Other Reserves	1,292	2	-100 	3	-1	-3	
-21,601		Capital Injections 	-21,941	-32,780	-49 	-23,301	-23,321	-20,006	
0		Increase/(Decrease) in Net Assets due to Admin Restructure	1,931	0	-100 	0	0	0	
258,212		Increase/(Decrease) in Net Assets of PTE Entities	312,274	331,056	6 	280,617	278,805	281,909	
									
527,934	 	Comprehensive Result – Total Change in Net Worth	1,826,622	498,969	-73 	575,529	593,787	528,041	
									
13,515		UPF Net Operating Balance 
	136,645	-5,575	-104 	-34,623	-61,974	-91,442	
		less Net Acquisition of Non‑Financial Assets			
508,094		Purchases of Non‑Financial Assets	417,286	569,594	36 	503,467	383,574	298,269	
-100		Sales of Non‑Financial Assets	-2,618	-100	96 	-100	-100	-100	
-189,660		Land Revenue (Cash Receipts)	-123,803	-299,707	-142 	-246,682	-270,915	-218,578	
-183,251		Depreciation	-187,744	-216,185	-15 	-239,018	-259,046	-264,118	
58,271		Other Movements in Non‑Financial Assets	56,471	45,553	-19 	46,832	50,996	50,996	
193,354 		Total Net Acquisition of Non‑Financial Assets	159,592 	99,155 	-38 	64,499 	-95,491	-133,531	
									
-179,839		Net Lending / Borrowing (Fiscal Balance)	-22,947	-104,730	-356 	-99,122	33,517	42,089	
									
		AUSTRALIAN CAPITAL TERRITORY NET OPERATING BALANCE			
									
13,515		UPF Net Operating Balance	136,645	-5,575	-104 	-34,623	-61,974	-91,442	
89,459		Expected Long Term Capital Gains on Superannuation Investments	55,507	90,464	63 	105,819	115,655	125,170	
									
102,974	 	HEADLINE NET OPERATING BALANCE	192,152	84,889	-56 	71,196	53,681	33,728	

Table E.2	
Australian Capital Territory 	
General Government Sector	
Balance Sheet	
2007-08	 	 	2007-08	2008-09	 	2009-10	2010-11	2011-12	
Budget			Est.Outcome	Budget	Var	Estimate	Estimate	Estimate	
$'000	 	 	$'000	$'000	%	$'000	$'000	$'000	
									
		Assets							
		Financial Assets							
92,950		Cash and Deposits	138,891	126,303	-9	134,284	139,228	157,162	
489,705		Advances Paid	621,343	934,665	50	961,442	959,114	952,561	
2,970,437		Investments, Loans and Placements	3,093,943	3,351,348	8	3,581,248	3,991,314	4,421,771	
236,436		Receivables	327,779	303,837	-7	296,424	308,454	320,805	
		Equity							
5,109,795		Investments in Other Public Sector Entities	5,071,288	5,402,344	7	5,682,961	5,961,766	6,243,675	
20		Investments - Other	20	20	- 	20	20	20	
8,899,343		Total Financial Assets	9,253,264	10,118,517	9	10,656,379	11,359,896	12,095,994	
									
		Non‑Financial Assets							
		Land and Other Fixed Assets							
6,281,484		Property, Plant and Equipment	8,078,088	8,585,235	6	8,839,428	9,058,384	9,341,107	
67,011		Investment Properties	70,761	70,761	- 	70,761	70,761	70,761	
25,126		Intangibles	21,654	25,518	18	24,971	25,048	21,320	
11,088		Inventories	10,249	10,444	2	10,582	10,718	10,869	
405,082		Capital Works-in-Progress	359,863	251,292	-30	307,523	268,798	75,573	
39,913		Other Non‑Financial Assets	31,915	31,915	- 	31,914	31,913	31,912	
6,829,704		Total Non‑Financial Assets	8,572,530	8,975,165	5	9,285,179	9,465,622	9,551,542	
									
15,729,047		Total Assets	17,825,794	19,093,682	7	19,941,558	20,825,518	21,647,536	
									
		Liabilities							
35,397		Deposits Held	7,332	7,485	2	7,648	7,822	8,008	
101,883		Advances Received	102,221	99,346	-3	96,368	93,280	90,079	
		Borrowings							
15,508		Finance Leases	10,569	4,623	-56	2,886	5,199	3,380	
630,554		Other Borrowings	789,141	1,066,346	35	1,048,053	1,027,831	1,008,893	
3,474,306		Superannuation	3,248,496	3,722,957	15	3,996,767	4,277,826	4,562,615	
327,482		Other Employee Benefits	316,574	337,676	7	355,319	376,899	398,439	
277,069		Payables	330,161	334,757	1	338,297	346,444	357,649	
7,900		Other Liabilities	6,222	6,445	4	6,644	6,854	7,069	
4,870,099		Total Liabilities	4,810,716	5,579,635	16	5,851,982	6,142,155	6,436,132	
									
10,858,948	 	Net Assets	13,015,078	13,514,047	4	14,089,576	14,683,363	15,211,404	
									
5,109,795		Equity in Public Trading Entities	5,071,288	5,402,344	7	5,682,961	5,961,766	6,243,675	
4,923,891		Accumulated Funds	5,200,071	5,367,982	3	5,662,891	5,977,874	6,224,009	
821,487		Asset Revaluation Reserve	2,734,770	2,734,770	- 	2,734,770	2,734,770	2,734,770	
3,775		Other Reserve	8,949	8,951	.. 	8,954	8,953	8,950	

10,858,948	 	Net Worth	13,015,078	13,514,047	4	14,089,576	14,683,363	15,211,404	

4,029,244		Net Financial Worth	4,442,548	4,538,882	2	4,804,397	5,217,741	5,659,862	
1,080,551		Net Financial Liabilities	628,740	863,462	37	878,564	744,025	583,813	
-2,769,750		Net Debt (including Superannuation related Investments)	-2,944,914	-3,234,516	-10	-3,522,019	-3,955,524	-4,421,134	
-458,594	 	Net Debt (excluding Superannuation related Investments) 	-826,578	-889,887	-8	-943,276	-1,135,356	-1,372,855	

Table E.3	
Australian Capital Territory 	
General Government Sector	
Cash Flow Statement	
2007-08	 	 	2007-08	2008-09	 	2009-10	2010-11	2011-12	
Budget			Est.Outcome	Budget	Var	Estimate	Estimate	Estimate	
$'000	 	 	$'000	$'000	%	$'000	$'000	$'000	
		 		 					
		Cash Receipts from Operating Activities							
910,172		Taxes Received	1,012,655	1,021,378	1	1,064,900	1,106,157	1,158,181	
364,915		Receipts from Sales of Goods and Services	435,285	395,912	-9	410,224	417,950	432,077	
1,287,605		Grants/Subsidies Received	1,320,235	1,406,322	7	1,463,392	1,532,583	1,596,516	
109,739		Interest Receipts	121,366	163,956	35	176,722	185,517	195,661	
174,696		Dividends and Income Tax Equivalents	166,511	198,444	19 	169,003	163,059	161,840	
267,055		Other Receipts	425,486	355,753	-16 	365,892	374,829	384,400	
3,114,182		Total Operating Receipts	3,481,538	3,541,765	2 	3,650,133	3,780,095	3,928,675	
									
		Cash Payments for Operating Activities							
-1,161,308		Payments for Employees	-1,197,217	-1,275,882	-7 	-1,333,923	-1,397,261	-1,483,780	
-700,288		Payments for Goods and Services	-778,893	-818,858	-5 	-846,172	-886,250	-941,863	
-576,528		Grants and Subsidies Paid	-580,996	-638,511	-10 	-655,917	-675,327	-694,177	
-44,229		Interest Paid	-65,081	-51,499	21 	-64,209	-71,409	-71,584	
-204,970		Other Payments	-312,421	-268,909	14 	-280,278	-293,037	-301,641	
-2,687,323		Total Operating Payments	-2,934,608	-3,053,659	-4 	-3,180,499	-3,323,284	-3,493,045	
426,859		Net Cash Flows from Operating Activities	546,930	488,106	-11 	469,634	456,811	435,630	
									
		Cash Flows from Investments in Non‑Financial Assets						
189,760		Sales of Non‑Financial Assets	126,421	299,807	137 	246,782	271,015	218,678	
-508,094		Purchases of Non‑Financial Assets	-417,286	-569,594	-36 	-503,467	-383,574	-298,269	
-318,334		Net Cash Flows from Investments in Non‑Financial Assets	-290,865	-269,787	7 	-256,685	-112,559	-79,591	
									
-32,433		Net Cash Flows from Investments in Financial Assets for Policy Purposes	61,940	-20,498	-133 	-19,054	-17,832	-11,452	
									
-354,975		Net Cash Flows from Investments in Financial Assets for Liquidity Purposes	-313,420	-172,346	45 	-130,123	-300,441	-311,299	
-705,742		Net Cash Flows from Investing Activities	-542,345	-462,631	15 	-405,862	-430,832	-402,342	
									
		Cash Flows from Financing Activities							
-44,965		Borrowings (Net)	-8,681	-37,563	-333 	-55,291	-20,535	-14,854	
-44,965		Net Cash Flows from Financing Activities	-8,681	-37,563	-333 	-55,291	-20,535	-14,854	
		 		 					
-323,848	 	Net Increase/(Decrease) in Cash held	-4,096	-12,088	-195 	8,481	5,444	18,434	
		 		 					
906,054		Cash and Cash Equivalents at the Beginning of Reporting Period	141,150	137,054	-3 	124,966	133,447	138,891	
582,206		Cash and Cash Equivalents at the End of Reporting Period	137,054	124,966	-9 	133,447	138,891	157,325	
									
		Key Fiscal Aggregates							
426,859		Net Cash Flows from Operating Activities	546,930	488,106	-11 	469,634	456,811	435,630	
-318,334		Net Cash Flows from Investments in Non‑Financial Assets	-290,865	-269,787	7 	-256,685	-112,559	-79,591	
108,525	 	Cash Surplus (+) / Deficit (-)	256,065	218,319	-15 	212,949	344,252	356,039	
		A positive number denotes a cash inflow; a negative sign denotes a cash outflow.			
									
 	 	Derivation of ABS GFS Cash Surplus/Deficit	 	 	 	 	
108,525		Cash Surplus (+) / Deficit (-)	256,065	218,319	-15 	212,949	344,252	356,039	
0		Acquisitions Under Finance Leases and Similar Arrangements (a)	0	0	- 	0	0	0	
									
108,525	 	ABS GFS Cash Surplus (+) / Deficit (-) Including Finance and Similar Arrangements	256,065	218,319	-15	212,949	344,252	356,039	
 	 	(a) Finance leases are shown with a negative sign as they are deducted in compiling the ABS GFS cash surplus/deficit.	

Table E.4	
Australian Capital Territory	
Public Trading Enterprise	
Operating Statement	
2007-08	 	 	2007-08	2008-09	 	2009-10	2010-11	2011-12	
Budget			Est.Outcome	Budget	Var	Estimate	Estimate	Estimate	
$'000	 	 	$'000	$'000	%	$'000	$'000	$'000	
 									
		Revenue							
94,842		Government Payment for Outputs and Subsidies	100,984	107,005	6 	108,441	110,517	112,765	
19,789		Grants Revenue	21,503	20,887	-3 	20,008	20,212	20,550	
		Sales of Goods and Services Revenue							
64,752		Revenue from Associates and Joint Ventures	75,678	83,230	10 	91,926	78,009	72,128	
327,447		Other Sales of Goods and Services	310,167	350,941	13 	372,517	387,435	399,240	
6,339		Interest Income	7,545	18,118	140 	21,901	16,192	11,950	
		Other Revenue							
192,180		Land Revenue (Value Add Component)	226,293	146,634	-35	131,563	149,906	199,636	
13,740		Other Revenue	17,304	6,315	-64 	6,197	6,276	6,358	
719,089		Total Revenue	759,474	733,130	-3	752,553	768,547	822,627	
									
		Expenses							
78,769		Employee Expenses	85,196	91,071	7 	93,906	96,011	98,042	
11,507		Superannuation Expenses	11,471	11,878	4 	12,259	12,620	12,985	
50,870		Depreciation and Amortisation Expenses	51,504	56,306	9 	59,797	67,128	68,905	
33,884		Interest Expenses	31,286	46,117	47 	64,096	66,063	65,433	
46,593		Other Property Expenses (Income Tax Expense)	80,425	47,097	-41 	51,055	55,245	55,711	
		Other Operating Expenses							
93,027		Supplies and Services	102,748	110,150	7 	112,200	115,071	117,729	
222,539		Other Operating Expenses	224,321	214,604	-4 	202,392	215,533	267,884	
60,399		Grants Expenses	59,564	48,566	-18 	48,088	54,738	52,316	
597,588		Total Expenses	646,515	625,789	-3 	643,793	682,409	739,005	
									
121,501	 	UPF Net Operating Balance	112,959	107,341	-5	108,760	86,138	83,622	
									
		Other Economic Flows - included in operating result					
0		Land Revenue - Market Gains on Land Sales	135,300	34,765	-74 	16,279	21,050	21,295	
-6,716		Net Gain on Sale of Non‑Financial Assets	1,020	8,159	700 	-34	9	9	
0		Net Gain on Financial Assets or Liabilities at Fair Value	-3,500	0	100 	0	0	0	
-1,305		Bad Debts Written Off	-1,551	-1,532	1 	-1,552	-1,568	-1,580	
									
113,480	 	Operating Result	244,228	148,733	-39 	123,453	105,629	103,346	
									
		Other Economic Flows - Other Movements in Equity					
-1		Net Effect of a Correction for an Error	2	0	-100 	0	0	0	
242,619		Increase/(Decrease) in Asset Revaluation Reserve	250,757	265,856	6 	240,167	249,144	257,977	
22,000		Transfer to/from Reserves	22,000	22,000	- 	22,000	22,000	22,000	
21,601		Capital Injections 	21,941	32,780	49 	23,301	23,321	20,006	
0		Increase/(Decrease) in Net Assets due to Admin Restructure	-1,931	0	100 	0	0	0	
-141,487		Dividend Approved	-224,723	-138,313	38 	-128,304	-121,289	-121,420	
									
258,212	 	Comprehensive Result - Total Change in Net Worth	312,274	331,056	6	280,617	278,805	281,909	
									
121,501		UPF Net Operating Balance 
	112,959	107,341	-5	108,760	86,138	83,622	
		less Net Acquisition of Non‑Financial Assets							
133,476		Purchases of Non‑Financial Assets	138,388	270,069	95 	287,807	138,685	113,043	
-28,656		Sales of Non‑Financial Assets	-33,534	-67,039	-100 	-70,823	-52,468	-44,961	
-196,350		Land Revenue (Cash Receipts)	-135,300	-34,765	74 	-16,279	-21,050	-21,295	
-50,870		Depreciation	-51,504	-56,306	-9 	-59,797	-67,128	-68,905	
-58,271		Other Movements in Non‑Financial Assets	-58,271	-46,300	21 	-46,832	-50,996	-50,996	
-200,671		Total Net Acquisition of Non‑Financial Assets	-140,221	65,659 	147 	94,076 	-52,957	-73,114	
									
322,172		Net Lending / Borrowing (Fiscal Balance)	253,180	41,682	-84	14,684	139,095	156,736	
									
		AUSTRALIAN CAPITAL TERRITORY NET OPERATING BALANCE			
									
121,501		UPF Net Operating Balance	112,959	107,341	-5	108,760	86,138	83,622	
									
121,501	 	HEADLINE NET OPERATING BALANCE	112,959	107,341	-5	108,760	86,138	83,622	

Table E.5	
Australian Capital Territory	
Public Trading Enterprise	
Balance Sheet	
2007-08	 	 	2007-08	2008-09	 	2009-10	2010-11	2011-12	
Budget			Est.Outcome	Budget	Var	Estimate	Estimate	Estimate	
$'000	 	 	$'000	$'000	%	$'000	$'000	$'000	
 									
		Financial Assets							
88,320		Cash and Deposits	101,817	61,445	-40 	65,467	62,502	64,514	
384		Investments, Loans and Placements	216,093	351,230	63 	177,066	136,365	104,026	
53,806		Receivables	101,338	104,796	3 	102,089	101,723	110,217	
		Equity							
643,167		Investments Accounted for Using Equity Method	520,107	541,107	4 	606,200	643,205	669,414	
785,677		Total Financial Assets	939,355	1,058,578	13 	950,822	943,795	948,171	
									
		Non‑Financial Assets							
		Land and Other Fixed Assets							
4,862,307		Property, Plant and Equipment	4,828,336	5,170,237	7 	5,535,555	6,078,111	6,367,392	
2,797		Intangibles	1,470	2,848	94 	2,506	1,927	1,745	
117,645		Inventories	76,305	111,625	46 	123,835	119,237	121,250	
22,302		Assets Held for Sale	78,537	68,952	-12 	39,924	34,620	33,822	
65,555		Capital Works-in-Progress	79,232	198,962	151 	281,911	50,467	51,362	
		Other Non‑Financial Assets							
32,100		Deferred Tax Assets	31,812	31,812	- 	31,812	31,812	31,812	
443		Other	76	76	- 	76	76	76	
5,103,149		Total Non‑Financial Assets	5,095,768	5,584,512	10 	6,015,619	6,316,250	6,607,459	
									
5,888,826		Total Assets	6,035,123	6,643,090	10 	6,966,441	7,260,045	7,555,630	
									
		Liabilities							
574,356		Advances Received	712,243	994,224	40 	1,013,110	998,331	981,013	
		Borrowings							
215		Finance Leases	335	414	24 	515	607	616	
2,084		Other Borrowings	305	3,193	947 	9,423	15,336	20,445	
107,042		Other Employee Benefits	53,347	55,979	5 	56,782	56,299	57,748	
25,602		Payables	97,547	112,005	15 	117,163	124,462	131,370	
		Other Liabilities							
28,347		Current Tax Liability	44,831	6,405	-86 	5,217	5,091	4,708	
38,835		Deferred Tax Liability	55,057	68,434	24 	81,265	98,148	116,050	
2,550		Other Liabilities	170	92	-46 	5	5	5	
779,031		Total Liabilities	963,835	1,240,746	29 	1,283,480	1,298,279	1,311,955	
									
5,109,795	 	Net Assets	5,071,288	5,402,344	7 	5,682,961	5,961,766	6,243,675	
									
2,063,717		Accumulated Funds	2,147,043	2,212,243	3 	2,252,693	2,282,354	2,306,286	
3,036,238		Asset Revaluation Reserve	2,914,160	3,180,016	9 	3,420,183	3,669,327	3,927,304	
9,840		Other Reserve	10,085	10,085	- 	10,085	10,085	10,085	
									
5,109,795	 	Net Worth	5,071,288	5,402,344	7 	5,682,961	5,961,766	6,243,675	

6,646		Net Financial Worth	-24,480	-182,168	-644 	-332,658	-354,484	-363,784	
487,951	 	Net Debt 	394,973	585,156	48 	780,515	815,407	833,534	

Table E.6	
Australian Capital Territory	
Public Trading Enterprise	
Cash Flow Statement	
2007-08	 	 	2007-08	2008-09	 	2009-10	2010-11	2011-12	
Budget			Est.Outcome	Budget	Var	Estimate	Estimate	Estimate	
$'000	 	 	$'000	$'000	%	$'000	$'000	$'000	
 									
		Cash Receipts from Operating Activities 							
360,642		Receipts from Sales of Goods and Services	569,630	563,441	-1 	551,105	594,693	654,314	
114,631		Grants/Subsidies Received	120,687	127,145	5 	128,449	130,729	133,315	
6,339		Interest Receipts	7,545	18,118	140 	21,901	16,192	11,950	
45,807		Other Receipts	63,074	51,056	-19 	51,834	55,010	50,037	
527,419		Total Receipts	760,936	759,760	.. 	753,289	796,624	849,616	
									
		Cash Payments for Operating Activities							
-88,918		Payments for Employees	-94,436	-100,644	-7 	-103,767	-106,102	-108,247	
-318,629		Payments for Goods and Services	-338,631	-423,950	-25 	-352,824	-360,714	-425,125	
-2,128		Grants and Subsidies Paid	-1,293	-2,266	-75 	-1,256	-3,742	-1,320	
-31,498		Interest Paid	-31,102	-46,108	-48 	-64,087	-66,052	-65,422	
-70,915		Other Payments	-67,126	-60,796	9 	-80,060	-84,836	-80,376	
-512,088		Total Payments	-532,588	-633,764	-19 	-601,994	-621,446	-680,490	
15,331		Net Cash Flows from Operating Activities	228,348	125,996	-45 	151,295	175,178	169,126	
									
		Cash Flows from Investments in Non‑Financial Assets					
413,866		Sales of Non‑Financial Assets	168,834	101,804	-40 	87,102	73,518	66,256	
-322,336		Purchases of Non‑Financial Assets	-138,388	-270,069	-95 	-287,807	-138,685	-113,043	
91,530		Net Cash Flows from Investments in Non‑Financial Assets	30,446	-168,265	-653 	-200,705	-65,167	-46,787	
21,601		Net Cash Flows from Investments in Financial Assets for Policy Purposes	-72,759	8,494	112 	11,896	8,546	5,059	
-31,631		Net Cash Flows from Investments in Financial Assets for Liquidity Purposes	-27,132	34,537	227 	3,289	4,068	10,408	
									
81,500		Net Cash Flows from Investing Activities	-69,445	-125,234	-80 	-185,520	-52,553	-31,320	
									
		Cash Flows from Financing Activities							
78,104		Borrowings (Net)	217,634	284,869	31 	25,116	-8,866	-12,209	
-174,696		Distribution Paid	-166,511	-198,444	-19	-169,003	-163,059	-161,840	
-96,592		Net Cash Flows from Financing Activities	51,123	86,425	69 	-143,887	-171,925	-174,049	
									
239	 	Net Increase/(Decrease) in Cash Held	210,026	87,187	-58 	-178,112	-49,300	-36,243	
									
53,765		Cash and Cash Equivalents at the Beginning of Reporting Period	100,637	310,663	209 	397,850	219,738	170,438	
54,004		Cash and Cash Equivalents at the End of Reporting Period	310,663	397,850	28 	219,738	170,438	134,195	
									
15,331		Net Cash flows from Operating Activities	228,348	125,996	-45 	151,295	175,178	169,126	
91,530		Net Cash Flows from Investments in Non‑Financial Assets	30,446	-168,265	-653 	-200,705	-65,167	-46,787	
-174,696		Dividends Paid	-166,511	-198,444	-19 	-169,003	-163,059	-161,840	
									
-67,835	 	Cash Surplus (+) / Deficit (-)	92,283	-240,713	-361 	-218,413	-53,048	-39,501	
		A positive number denotes a cash inflow; a negative sign denotes a cash outflow.					
		Derivation of ABS GFS Cash Surplus/Deficit					
-67,835	 	Cash Surplus (+) / Deficit (-)	92,283	-240,713	-361 	-218,413	-53,048	-39,501	
0		Acquisitions Under Finance Leases and Similar Arrangements (a)	0	0	- 	0	0	0	
									
-67,835	 	ABS GFS Cash Surplus (+) / Deficit (-) Including Finance and Similar Arrangements	92,283	-240,713	-361 	-218,413	-53,048	-39,501	
 	 	(a) Finance leases are shown with a negative sign as they are deducted in compiling the ABS GFS cash surplus/deficit.	 	

Table E.7	
Australian Capital Territory 	
Consolidated Total Territory	
Operating Statement	
2007-08		 	2007-08	2008-09		2009-10	2010-11	2011-12	
Budget			Est.Outcome	Budget	Var	Estimate	Estimate	Estimate	
$'000	 	 	$'000	$'000	%	$'000	$'000	$'000	
		 	 	 	 	 	 	 	
		Revenue							
896,579		Taxation Revenue	1,003,053	1,023,025	2 	1,058,972	1,099,692	1,148,440	
1,285,502		Grants  Revenue	1,310,002	1,394,696	6 	1,450,484	1,518,666	1,582,231	
		Sales of Goods and Services Revenue							
64,752		Revenue from Associates and Joint Ventures	75,678	83,230	10 	91,926	78,009	72,128	
595,773		Other Sales of Goods and Services 	617,078	646,266	5 	679,189	704,662	727,599	
88,857		Interest Income	101,341	138,511	37 	135,768	135,370	143,758	
192,180		Land Revenue (Value Add Component)	226,293	126,234	-44 	110,563	128,306	177,336	
138,200		Other Revenue	187,082	132,021	-29 	144,320	151,175	158,518	
3,261,843		Total Revenue	3,520,527	3,543,983	1 	3,671,222	3,815,880	4,010,010	
									
		Expenses							
1,134,351		Employee Expenses	1,154,245	1,236,133	7 	1,280,176	1,327,205	1,374,352	
		Superannuation Expenses							
213,127		Other Superannuation Expenses	218,432	218,900	.. 	205,779	209,972	237,597	
191,715		Superannuation Interest Cost	189,961	206,287	9 	236,420	253,807	271,655	
234,121		Depreciation and Amortisation Expenses	239,248	272,491	14 	298,815	326,174	333,023	
53,448		Interest Expense	56,295	64,757	15 	79,984	79,799	78,156	
		Other Operating Expenses							
686,132		Supplies and Services	751,106	809,508	8 	856,009	908,137	968,202	
285,340		Other Operating Expenses	292,964	248,902	-15 	244,007	262,267	317,451	
470,080		Grants Expenses	498,698	519,666	4 	533,794	552,469	566,167	
3,268,314		Total Expenses	3,400,949	3,576,644	5 	3,734,984	3,919,830	4,146,603	
			 	 	 	 	 	 	
-6,471	 	UPF Net Operating Balance	119,578	-32,661	-127 	-63,762	-103,950	-136,593	
			 	 	 	 	 	 	
		Other Economic Flows - included in operating result					
0		Land Revenue - Market Gains on Land Sales	135,300	34,765	-74 	16,279	21,050	21,295	
189,660		Net Land Revenue (Accrual Revenue)	152,872	302,256	98 	237,013	271,295	218,959	
-6,616		Net Gain on Sale of Non‑Financial Assets	-1,762	8,259	569 	66	113	117	
89,459		Net Gain on Financial Assets or Liabilities at Fair Value	-177,213	90,464	151 	105,819	115,655	125,170	
-2,716		Bad Debts Written Off	-4,386	-2,990	32 	-3,056	-3,119	-3,181	
			 	 	 	 	 	 	
263,316	 	Operating Result	224,389	400,093	78 	292,359	301,044	225,767	
			 	 	 	 	 	 	
		Other Economic Flows - Other Movements in Equity					
0		Net Effect of Change in Accounting Policy	2,174	0	-100 	0	0	0	
-1		Net Effect of a Correction for an Error	3	-1,875	# 	0	0	0	
0		Superannuation Prior Year Actuarial Movement	0	-207,507	# 	0	0	0	
242,619		Increase/(Decrease) in Asset Revaluation Reserve	1,578,937	265,856	-83 	240,167	249,144	257,977	
0		Increase/(Decrease) in Other Reserves	1,292	2	-100 	3	-1	-3	
22,000		Transfer to/from Reserves	22,000	22,000	- 	22,000	22,000	22,000	
			 	 	 	 	 		
527,934	 	Comprehensive Result - Total Change in Net Worth	1,828,795	478,569	-74	554,529	572,187	505,741	
			 	 	 	 	 	 	
-6,471		UPF Net Operating Balance	119,578	-32,661	-127	-63,762	-103,950	-136,593	
		less Net Acquisition of Non‑Financial Assets							
641,570		Purchases of Non‑Financial Assets	555,674	819,263	47	770,274	500,659	389,012	
-28,756		Sales of Non‑Financial Assets	-36,152	-67,139	-86	-70,923	-52,568	-45,061	
-386,010		Land Revenue (Cash Receipts)	-135,300	-34,765	74	-16,279	-21,050	-21,295	
-234,121		Depreciation	-239,248	-272,491	-14	-298,815	-326,174	-333,023	
-7,317		Total Net Acquisition of Non‑Financial Assets	144,974	444,868	207	384,257	100,867	-10,367	
									
846		Net Lending / Borrowing (Fiscal Balance)	-25,396	-477,529	# 	-448,019	-204,817	-126,226	
									
		AUSTRALIAN CAPITAL TERRITORY NET OPERATING BALANCE			
									
-6,471		Operating Balance from Transactions	119,578	-32,661	-127	-63,762	-103,950	-136,593	
89,459		Expected Long Term Capital Gains on Superannuation Investments	55,507	90,464	63	105,819	115,655	125,170	
			 	 	 	 	 	 	
82,988	 	HEADLINE NET OPERATING BALANCE	175,085	57,803	-67	42,057	11,705	-11,423	

Table E.8	
Australian Capital Territory 	
Consolidated Total Territory	
Balance Sheet	
2007-08			2007-08	2008-09	 	2009-10	2010-11	2011-12	
Budget			Est.Outcome	Budget	Var	Estimate	Estimate	Estimate	
$'000	 	 	$'000	$'000	%	$'000	$'000	$'000	
			 	 	 	 	 	 	
		Assets							
		Financial Assets							
146,570		Cash and Deposits	233,461	180,348	-23 	192,188	193,993	213,753	
30,589		Advances Paid	22,339	45,882	105 	44,847	51,205	57,025	
2,970,821		Investments, Loans and Placements	3,310,036	3,702,578	12 	3,758,314	4,127,679	4,525,797	
237,187		Receivables	346,649	324,450	-6 	266,287	231,794	211,509	
		Equity							
643,167		Investments Accounted for Using Equity Method	520,107	541,107	4 	606,200	643,205	669,414	
4,028,334		Total Financial Assets	4,432,592	4,794,365	8 	4,867,836	5,247,876	5,677,498	
									
		Non‑Financial Assets							
		Land and Other Fixed Assets							
11,143,791		Property, Plant and Equipment	12,906,424	13,755,472	7 	14,374,983	15,136,495	15,708,499	
67,011		Investment Properties	70,761	70,761	- 	70,761	70,761	70,761	
27,923		Intangibles	23,124	28,366	23	27,477	26,975	23,065	
128,733		Inventories	86,554	122,069	41	134,417	129,955	132,119	
11,178		Assets Held for Sale	43,837	30,314	-31	12,692	11,121	10,612	
492,924		Capital Works-in-Progress	439,095	450,254	3	589,434	319,265	126,935	
40,356		Other Non‑Financial Assets	31,991	31,991	- 	31,990	31,989	31,988	
11,911,916		Total Non‑Financial Assets	13,601,786	14,489,227	7	15,241,754	15,726,561	16,103,979	
									
15,940,250		Total Assets	18,034,378	19,283,592	7	20,109,590	20,974,437	21,781,477	
									
		Liabilities							
697		Deposits Held	85	85	- 	85	85	85	
217,123		Advances Received	217,460	205,787	-5	193,883	184,702	176,556	
		Borrowings							
15,723		Finance Leases	9,904	4,037	-59	2,401	4,806	2,996	
632,638		Other Borrowings	788,446	1,069,539	36	1,057,476	1,043,167	1,029,338	
3,474,378		Superannuation	3,248,609	3,723,155	15	3,996,968	4,278,030	4,562,824	
418,261		Other Employee Benefits	371,762	394,303	6	412,608	434,877	457,132	
312,032		Payables	364,536	374,396	3	379,238	389,442	407,262	
10,450		Other Liabilities	6,392	6,537		6,649	6,859	7,074	
									
5,081,302		Total Liabilities	5,007,194	5,777,839	15	6,049,308	6,341,968	6,643,267	
 			 	 	 	 	 	 	
10,858,948	 	Net Assets	13,027,184	13,505,753	4	14,060,282	14,632,469	15,138,210	
 			 	 	 	 	 	 	
6,987,608		Accumulated Funds	7,359,220	7,571,931	3	7,886,290	8,209,334	8,457,101	
3,857,725		Asset Revaluation Reserve	5,648,930	5,914,786	5	6,154,953	6,404,097	6,662,074	
13,615		Other Reserve	19,034	19,036	.. 	19,039	19,038	19,035	
 			 	 	 	 		 	
10,858,948	 	Net Worth	13,027,184	13,505,753	4	14,060,282	14,632,469	15,138,210	
 	 	 	 	 	 	 	 	 	
-1,052,968		Net Financial Worth	-574,602	-983,474	-71	-1,181,472	-1,094,092	-965,769	
1,052,968		Net Financial Liabilities	574,602	983,474	71	1,181,472	1,094,092	965,769	
-2,281,799		Net Debt (including superannuation related investments)	-2,549,941	-2,649,360	-4	-2,741,504	-3,140,117	-3,587,600	
29,357	 	Net Debt (excluding superannuation related investments) 	-431,605	-304,731	29	-162,761	-319,949	-539,321	

Table E.9	
Australian Capital Territory 	
Consolidated Total Territory	
Cash Flow Statement	
2007-08			2007-08	2008-09	 	2009-10	2010-11	2011-12	
Budget			Est.Outcome	Budget	Var	Estimate	Estimate	Estimate	
$'000	 	 	$'000	$'000	%	$'000	$'000	$'000	
			 	 	 	 		 	
		Cash Receipts from Operating Activities						
870,508		Taxes Received	986,516	997,696	1 	1,039,165	1,080,175	1,129,239	
666,321		Receipts from Sales of Goods and Services	1,102,170	1,159,782	5 	1,106,146	1,179,039	1,196,953	
1,288,099		Grants/Subsidies Received	1,320,729	1,406,816	7 	1,463,886	1,533,077	1,597,010	
87,872		Interest Receipts	100,357	137,796	37 	134,974	134,525	142,789	
283,949		Other Receipts	361,923	317,372	-12 	323,860	332,212	333,933	
3,196,749		Total Operating Receipts	3,871,695	4,019,462	4 	4,068,031	4,259,028	4,399,924	
									
		Cash Payments for Operating Activities						
-1,241,651		Payments for Employees	-1,283,128	-1,367,720	-7 	-1,428,486	-1,493,870	-1,582,215	
-955,892		Payments for Goods and Services	-1,041,706	-1,149,043	-10 	-1,102,811	-1,148,663	-1,265,916	
-483,814		Grants and Subsidies Paid	-481,305	-533,435	-11 	-548,732	-568,552	-582,732	
-47,521		Interest Paid	-67,629	-53,329	21 	-64,647	-70,277	-72,184	
-200,377		Other Payments	-265,357	-220,970	17 	-245,747	-259,421	-257,683	
-2,929,255		Total Operating Payments	-3,139,125	-3,324,497	-6 	-3,390,423	-3,540,783	-3,760,730	
267,494		Net Cash Flows from Operating Activities	732,570	694,965	-5 	677,608	718,245	639,194	
									
		Cash Flows from Investments in Non‑Financial Assets					
414,766		Sales of Non‑Financial Assets	171,452	101,904	-41 	87,202	73,618	66,356	
-641,570		Purchases of Non‑Financial Assets	-555,674	-819,263	-47 	-770,274	-500,659	-389,012	
-226,804		Net Cash Flows from Investments in Non‑Financial Assets	-384,222	-717,359	-87 	-683,072	-427,041	-322,656	
									
-10,832		Net Cash Flows from Investments in Financial Assets for Policy Purposes	-10,819	-12,004	-11 	-7,158	-9,286	-6,393	
									
-386,606		Net Cash Flows from Investments in Financial Assets for Liquidity Purposes	-296,686	-137,809	54 	-126,834	-296,373	-300,891	
									
-624,242		Net Cash Flows from Investing Activities	-691,727	-867,172	-25 	-817,064	-732,700	-629,940	
									
		Cash Flows from Financing Activities						
33,139		Borrowings (Net)	208,953	247,306	18 	-30,175	-29,401	-27,063	
33,139		Net Cash Flows from Financing Activities	208,953	247,306	18 	-30,175	-29,401	-27,063	
			 	 	 	 	 	 	
-323,609	 	Net Increase/(Decrease) in Cash held	249,796	75,099	-70 	-169,631	-43,856	-17,809	
			 	 	 	 	 	 	
959,819		Cash and Cash Equivalents at the Beginning of Reporting Period	197,921	447,717	126 	522,816	353,185	309,329	
									
636,210		Cash and Cash Equivalents at the End of Reporting Period	447,717	522,816	17 	353,185	309,329	291,520	
									
		Key Fiscal Aggregate							
267,494		Net Cash from Operating Activities	732,570	694,965	-5 	677,608	718,245	639,194	
-226,804		Investments in Non‑Financial Assets	-384,222	-717,359	-87 	-683,072	-427,041	-322,656	
			 	 	 	 	 	 	
40,690	 	Cash Surplus (+) / Deficit (-)	348,348	-22,394	-106 	-5,464	291,204	316,538	
		A positive number denotes a cash inflow; a negative sign denotes a cash outflow. 	 	 	
									
		Derivation of ABS GFS Cash Surplus/Deficit
 	 	 	 	 	 	
40,690	 	Cash Surplus (+) / Deficit (-)	348,348	-22,394	-106 	-5,464	291,204	316,538	
0		Acquisitions Under Finance Leases and Similar Arrangements (a)	0	0	- 	0	0	0	
									
40,690	 	ABS GFS Cash Surplus (+) / Deficit (-) Including Finance and Similar Arrangements	348,348	-22,394	-106	-5,464	291,204	316,538	
		(a) Finance leases are shown with a negative sign as they are deducted in compiling the ABS GFS cash surplus/deficit.	

							
Table E.10	
General Government Sector Taxes	
							
 	 	2007-08	2008-09	2009-10	2010-11	2011-12	
		Est.Outcome	Budget	Estimate	Estimate		Estimate	
 	 	     $'000	     $'000	     $'000	     $'000	     $'000	
							
Taxes on Employer's Payroll and Labour Force	244,683	256,398	272,484	289,747	307,999	
Taxes on Property						
	Land Taxes	72,436	83,414	86,409	89,480	92,627	
	Stamp Duties on Financial and Capital Transactions	466	2,094	2,118	2,168	2,120	
	Financial Institutions' Transactions Taxes	-	-	-	-	-	
	Other	477,100	459,867	467,829	479,106	498,935	
 	Total Taxes on Property	550,002	545,375	556,356	570,754	593,682	
Taxes on the Provision of Goods and Services						
	Excises and Levies	-	-	-	-	-	
	Taxes on Gambling	51,720	53,458	55,351	57,314	59,348	
	Taxes on Insurance	46,933	48,870	50,799	52,800	54,883	
	Total Taxes on the Provisions of Goods and Services	98,653	102,328	106,150	110,114	114,231	
Taxes on Use of Goods and Performance of Activities						
	Motor Vehicle Taxes	97,234	102,407	105,602	109,961	114,327	
	Franchise Taxes	-	-	-	-	-	
	Other	39,655	42,244	44,181	46,134	48,172	
	Total Taxes on Use of Goods and Performance of Activities	136,889	144,651	149,783	156,095	162,499	
							
Total Taxation Revenue	1,030,227	1,048,752	1,084,773	1,126,710	1,178,411	

								
	Table E.11	
	General Government Sector Grant Revenue	
								
			2007-08	2008-09	2009-10	2010-11	2011-12	
			Est.Outcome	Budget	Estimate	Estimate	Estimate	
	 	 	     $'000	     $'000	     $'000	     $'000	     $'000	
								
	Current Grant Revenue						
	Current Grants from the Commonwealth						
		General Purpose Grants	842,700	907,400	951,900	997,500	1,045,274	
		Specific Purpose Grants	305,422	321,201	331,431	343,606	355,215	
		Specific Purpose Grants for On-Passing	106,534	125,360	134,491	144,533	148,146	
	   Total	1,254,656	1,353,961	1,417,822	1,485,639	1,548,635	
							
	Other Contributions and Grants	12,045	1,882	877	859	865	
	 							
	Total Current Grant Revenue	1,266,701	1,355,843	1,418,699	1,486,498	1,549,500	
								
	Capital Grant Revenue						
	Capital Grants from the Commonwealth						
		Specific Purpose Grants	32,332	31,634	28,341	28,666	29,160	
		Specific Purpose Grants for On-Passing	4,789	3,717	2,639	2,697	2,764	
	   Total	37,121	35,351	30,980	31,363	31,924	
							
	Other Contributions and Grants	63,957	49,308	47,143	51,307	51,309	
								
	Total Capital Grant Revenue	101,078	84,659	78,123	82,670	83,233	
								
	Total Grant Revenue	1,367,779	1,440,502	1,496,822	1,569,168	1,632,733	

								
	Table E.12	
	General Government Sector Grant Expense	
								
	 	 	2007-2008	2008-09	2009-2010	2010-2011	2011-2012	
			Est. Outcome	Budget	Estimate	Estimate	Estimate	
	 	 	     $'000	     $'000	     $'000	     $'000	     $'000	
								
	Current Grant Expense						
		Private and Not-for-Profit Sector	116,826	120,554	107,257	106,638	112,261	
		Specific Purpose Grants for On-Passing	106,534	125,360	134,491	144,533	148,146	
		Grants to Other Sectors of Government	295,198	325,041	335,709	350,239	358,487	
	 							
	Total Current Grant Expense	518,558	570,955	577,457	601,410	618,894	
								
	Capital Grant Expense						
		Private and Not-for-Profit Sector	47,051	20,478	30,763	24,313	24,263	
		Specific Purpose Grants for On-Passing	4,789	3,717	2,639	2,697	2,764	
		Grants to Other Sectors of Government	21,009	20,393	19,514	19,718	20,056	
								
	Total Capital Grant Expense	72,849	44,588	52,916	46,728	47,083	
								
	Total Grant Expense	591,407	615,543	630,373	648,138	665,977	

 

Table E.13	
General Government Sector Dividend and Income Tax Equivalent Income	
							
 	 	2007-2008	2008-09	2009-2010	2010-2011	2011-2012	
		Est.Outcome	Budget	Estimate	Estimate	Estimate	
 	 	     $'000	     $'000	     $'000	     $'000	     $'000	
							
     Dividend from PNFC Sector	130,023	114,027	116,899	106,514	106,473	
     Income Tax Equivalent	80,425	47,097	51,043	55,245	55,719	
							
Total GGS Dividend and Income Tax Equivalent Income	210,448	161,124	167,942	161,759	162,192	

							
Table E.14	
General Government Sector Expenses by Function	
							
		2007-08	2008-09	2009-10	2010-11	2011-12	
		Est.Outcome	Budget	Estimate	Estimate	Estimate	
		    $'000	    $'000	    $'000	    $'000	    $'000	

01	General Public Services	829,696	869,172	959,631	1,029,320	1,120,155	
03	Public Order and Safety	257,038	280,917	285,450	292,954	295,747	
04	Education	631,471	687,198	705,982	731,830	748,446	
05	Health	652,573	703,144	750,119	791,936	843,357	
06	Social Security 	172,901	183,626	185,800	190,613	195,454	
07	Housing and Community Amenities	94,858	99,158	97,159	97,776	99,209	
08	Recreation and Culture	99,351	68,689	65,630	67,239	68,142	
09	Fuel and Energy	0	0	0	0	0	
10	Agriculture, Forestry, Fishing and Hunting	1,122	1,179	1,199	1,221	1,240	
11	Mining and Mineral Resources other than Fuels; Manufacturing; and Construction	0	0	0	0	0	
12	Transport and Communications	190,106	205,497	208,980	217,152	224,706	
13	Other Economic Affairs	49,752	56,893	54,532	55,668	56,829	
14	Other Purposes	162,907	168,246	175,695	177,986	176,962	
							
	Total Expenses	3,141,777	3,323,719	3,490,176	3,653,694	3,830,248	

							
Table E.15	
General Government Sector Expenses by Function	
							
		2007-08	2008-09	2009-10	2010-11	2011-12	
		Est.Outcome	Budget	Estimate	Estimate	Estimate	
		    $'000	    $'000	    $'000	    $'000	    $'000	
							
01	General Public Services	829,696	869,172	959,631	1,029,320	1,120,155	
011	  Government Superannuation Benefits	405,612	422,191	439,147	460,655	506,083	
019	  Other General Public Services	424,084	446,981	520,484	568,665	614,072	
							
03	Public Order and safety	257,038	280,917	285,450	292,954	295,747	
031	   Police and Fire Protection Services	53,987	62,617	63,697	65,050	65,994	
0311	     Polices Services	1,695	2,134	2,237	2,592	2,663	
0312	     Fire Protection Services	52,292	60,483	61,460	62,458	63,331	
032	   Law Courts and Legal Services	53,238	56,664	56,135	57,225	58,152	
033	   Prisons and Corrective Services	139,753	150,327	154,005	158,773	159,516	
039	   Other Public Order and Safety	10,060	11,309	11,613	11,906	12,085	
							
04	Education	631,471	687,198	705,982	731,830	748,446	
041	  Primary and Secondary Education	506,539	553,886	571,473	594,181	608,245	
0411	    Primary Education	241,197	262,651	270,989	281,740	288,483	
0412	    Secondary Education 	265,341	291,235	300,485	312,441	319,762	
0419	    Primary and Secondary Education n.e.c.	0	0	0	0	0	
042	  Tertiary Education	86,797	90,315	91,263	93,439	94,998	
0421	    University Education	10,544	11,281	12,033	12,835	13,700	
0422	    Technical and Further Education	76,253	79,034	79,230	80,604	81,298	
0429	    Tertiary Education n.e.c.	0	0	0	0	0	
043	Pre-School Education and Education not definable  by Level	33,501	36,305	37,144	38,303	39,172	
0431	    Pre-School Education 	16,275	17,675	17,981	18,462	18,875	
0432	    Special Education	17,226	18,630	19,164	19,842	20,297	
0439	    Other Education not definable by Level	0	0	0	0	0	
044	  Transportation of Students	4,634	6,692	6,101	5,907	6,030	
0441	    Transportation of Non‑Urban School Children	0	0	0	0	0	
0449	    Transportation of Other Students 	4,634	6,692	6,101	5,907	6,030	
049	  Education n.e.c.	0	0	0	0	0	
							
05	Health	652,573	703,144	750,119	791,936	843,357	
051	  Acute Care Institutions	424,907	457,664	489,925	516,097	550,787	
0511	Admitted Patient Services in Acute Care Institutions	329,634	355,665	380,950	399,684	426,477	
0512	Non‑admitted Patient Services in Acute Care Institutions	95,272	101,999	108,976	116,412	124,310	
052	  Mental Health Institutions	7,577	8,131	8,693	9,293	9,931	
053	  Nursing Homes for the Aged 	0	0	0	0	0	
054	  Community Health Services	129,847	140,877	149,358	158,323	167,627	
0541	    Community Mental Health	24,758	26,565	28,399	30,351	32,455	
0542	    Patient Transport	24,744	28,280	28,900	29,483	29,881	
0549	    Other Community Health Services	80,345	86,032	92,059	98,489	105,291	
055	  Public Health Services	23,087	24,473	25,995	27,623	29,508	
056	  Pharmaceutical, Medical Aids and Appliances	15,461	16,107	16,867	17,685	18,799	
057	  Health Research	3,793	4,059	4,330	4,619	4,930	
059	  Health Administration n.e.c.	47,901	51,834	54,951	58,296	61,776	

		2007-08	2008-09	2009-10	2010-11	2011-12	
		Est.Outcome	Budget	Estimate	Estimate	Estimate	
		    $'000	    $'000	    $'000	    $'000	    $'000	
							
06	Social Security 	172,901	183,626	185,800	190,613	195,454	
061	  Social Security 	0	0	0	0	0	
062	  Welfare Services	172,901	183,626	185,800	190,613	195,454	
0621	    Family and Children Services	71,852	77,987	78,980	80,601	82,651	
0622	    Welfare Services for the Aged	11,584	12,260	12,923	13,622	14,298	
0623	    Welfare Services for People with a Disability	49,764	51,648	52,266	53,465	54,592	
0629	    Welfare Services n.e.c.	39,702	41,731	41,631	42,925	43,914	
069	  Social Security and Welfare n.e.c.	0	0	0	0	0	
							
07	Housing and Community Amenities	94,858	99,158	97,159	97,776	99,209	
071	  Housing and Community Development	54,607	54,166	52,193	52,139	52,212	
0711	    Housing	18,800	18,800	18,800	18,800	18,800	
0712	    Aboriginal Community Development	0	0	0	0	0	
0719	    Other Community Development	35,807	35,366	33,393	33,339	33,412	
072	  Water Supply	0	0	0	0	0	
0721	    Aboriginal Community Water Supply	0	0	0	0	0	
0729	    Other Water Supply	0	0	0	0	0	
073	  Sanitation and Protection of the Environment 	37,400	41,872	41,776	42,367	43,642	
0731	    Aboriginal Community Sanitation	0	0	0	0	0	
0739	Other Sanitation and Protection of the Environment	37,400	41,872	41,776	42,367	43,642	
079	  Other community Amenities	2,851	3,120	3,190	3,270	3,355	
0791	    Aboriginal Community Amenities	0	0	0	0	0	
0799	    Other Community Amenities	2,851	3,120	3,190	3,270	3,355	
							
08	Recreation and Culture	99,351	68,689	65,630	67,239	68,142	
081	  Recreation Facilities and Services	75,541	42,993	39,648	40,840	41,269	
0811	    National Parks and Wildlife	8,548	9,027	9,105	9,265	9,432	
0819	    Recreation Facilities and Services n.e.c.	66,993	33,966	30,543	31,575	31,837	
082	  Cultural Facilities and Services	23,389	25,263	25,535	25,953	26,410	
083	  Broadcasting and Film Production	0	0	0	0	0	
089	  Recreation and Culture n.e.c.	421	434	446	446	463	
							
09	Fuel and Energy	0	0	0	0	0	
091	  Fuel Affairs and Services	0	0	0	0	0	
0911	    Gas	0	0	0	0	0	
0919	    Fuel Affairs and Services n.e.c.	0	0	0	0	0	
092	  Electricity and Other Energy	0	0	0	0	0	
0921	    Aboriginal Community Electricity 	0	0	0	0	0	
0922	    Other Electricity 	0	0	0	0	0	
0929	    Other Energy	0	0	0	0	0	
099	  Fuel and Energy n.e.c.	0	0	0	0	0	
							
10	Agriculture, Forestry, Fishing and Hunting	1,122	1,179	1,199	1,221	1,240	
101	  Agriculture	0	0	0	0	0	
102	  Forestry, Fishing and Hunting	1,122	1,179	1,199	1,221	1,240	

		2007-08	2008-09	2009-10	2010-11	2011-12	
		Est.Outcome	Budget	Estimate	Estimate	Estimate	
		    $'000	    $'000	    $'000	    $'000	    $'000	
		 	 	 	 	 	
11	Mining and Mineral Resources other than Fuels; Manufacturing; and Construction	0	0	0	0	0	
111	  Mining and Mineral Resources other than Fuels	0	0	0	0	0	
112	  Manufacturing 	0	0	0	0	0	
113	  Construction	0	0	0	0	0	
							
12	Transport and Communications	190,106	205,497	208,980	217,152	224,706	
121	   Road Transport	184,170	196,284	197,657	204,020	208,534	
1211	    Aboriginal Community Transport	0	0	0	0	0	
1212	    Road Maintenance	113,472	119,862	120,567	125,644	128,850	
1213	    Road Rehabilitation	0	0	0	0	0	
1214	    Road Construction	0	0	0	0	0	
1219	    Road Transport n.e.c.	70,698	76,422	77,090	78,376	79,684	
122	  Water Transport	0	0	0	0	0	
1221	    Aboriginal Community Water	0	0	0	0	0	
1222	    Urban Water Transport Services 	0	0	0	0	0	
1221	    Non Urban Water Transport Services 	0	0	0	0	0	
123	  Rail Transport	0	0	0	0	0	
1231	    Urban Trail Transport Services	0	0	0	0	0	
1232	    Non‑Urban Rail Transport Freight Services	0	0	0	0	0	
1233	    Non‑Urban Rail Transport Passengers Services	0	0	0	0	0	
124	  Air Transport	0	0	0	0	0	
1241	    Aboriginal Community Air Transport	0	0	0	0	0	
1249	    Other Air Transport Services	0	0	0	0	0	
125	  Pipelines	0	0	0	0	0	
128	  Other Transport	0	0	2,583	6,083	9,733	
1281	    Multi-Mode Urban Transport	0	0	0	0	0	
1289	    Other Transport n.e.c.	0	0	2,583	6,083	9,733	
129	  Communication	5,937	9,212	8,739	7,048	6,439	
							
13	Other Economic Affairs	49,752	56,893	54,532	55,668	56,829	
131	  Storage, Saleyards and Markets	0	0	0	0	0	
132	  Tourism and Area Promotion	11,293	15,510	12,352	12,531	12,699	
133	  Labour and Employment Affairs	22,550	23,891	24,437	25,020	25,644	
1331	    Vocational Training	22,550	23,891	24,437	25,020	25,644	
1339	    Other Labour and Employment Affairs	0	0	0	0	0	
139	  Other Economic Affairs	15,909	17,492	17,743	18,117	18,485	
							
14	Other Purposes	162,907	168,246	175,695	177,986	176,962	
141	  Public Debt Transactions	59,427	68,285	84,189	84,707	81,146	
142	  General Purpose Inter-Government Transactions	50,971	54,675	48,075	48,935	49,642	
143	  Natural Disaster Relief	0	0	0	0	0	
149	  Other Purposes n.e.c	52,509	45,286	43,431	44,344	46,174	
							
 	Total Expenses	3,141,777	3,323,719	3,490,176	3,653,694	3,830,248	

							
Table E.16	
General Government Sector 	
Purchases of Non‑Financial Assets by Function	
							
		2007-08	2008-09	2009-10	2010-11	2011-12	
		Est.Outcome	Budget	Estimate	Estimate	Estimate	
		    $'000	    $'000	    $'000	    $'000	    $'000	
							
01	General Public Services	9,543	35,403	133,101	144,502	128,627	
03	Public Order and Safety	87,651	51,567	26,982	6,282	3,502	
04	Education	92,408	153,913	104,441	59,226	21,737	
05	Health	46,430	105,272	104,513	102,119	88,225	
06	Social Security 	37,662	15,468	17,898	2,067	2,108	
07	Housing and Community Amenities	19,935	36,262	13,184	9,009	6,424	
08	Recreation and Culture	23,782	36,836	21,320	12,642	10,377	
09	Fuel and Energy	0	0	0	0	0	
10	Agriculture, Forestry, Fishing and Hunting	0	0	0	0	0	
11	Mining and Mineral Resources other than Fuels; Manufacturing; and Construction	0	0	0	0	0	
12	Transport and Communications	88,149	117,827	69,162	38,380	28,358	
13	Other Economic Affairs	7,998	12,483	10,317	8,241	8,261	
14	Other Purposes	3,728	4,562	2,549	1,107	649	
							
 	Total Purchases	417,286	569,594	503,467	383,574	298,269	

Loan Council Allocation
The ACT’s Loan Council Allocation (LCA) agreed to at the 2008 Loan Council meeting was ‑$244 million, based on an accrual Government Finance Statistics surplus of $248 million.
The nomination established a tolerance limit for the Budget‑time estimate of between ‑$169 million and ‑$319 million (+/- 2 per cent of total public sector receipts).
The Budget‑time estimate has been revised to $31 million, and now breaches the upper LCA nomination tolerance limit by $200 million.  The variance largely reflects the rollover of capital works from 2007‑08 to 2008‑09, and expenditure on new policy initiatives.

Table E.17	
LOAN COUNCIL ALLOCATIONS	
				
 	 	Loan Council Nomination	Budget-time Estimate	
 	 	$m	$m	
				
	GGS Cash Deficit/(Surplus) (a)	-359	-218	
	PNFC Sector Cash Deficit/(Surplus) (a)	111	241	
	NFPS Sector Cash Deficit/(Surplus) (a) (b)	-248	22	
	Acquisition under Finance Leases and Similar Arrangements (a)	-	-	
equals	ABS GFS Cash Deficit/(Surplus) (a) (b)	-248	22	
less	Net Cash Flows from Investments in Financial Assets for Policy Purposes (c)	-7	-12	
	Adjusted NFPS Sector Cash Deficit/(Surplus)	-241	34	
				
plus	Memorandum Items (d)	-3	-3	
 	Loan Council Allocation	-244	31	
				
(a)     	Cash surplus/deficits and finance leases are displayed with the opposite sign to that under which they are reported in	
	cash flow statements.  That is, a surplus is displayed as a negative number and vice versa.		
(b)     	May not directly equate to the sum of the General Government Sector (GGS) and Public Non Financial 		
	Corporation (PNFC) sector cash surplus/deficit due to inter‑sectoral transfers which are netted out, and or rounding.	
(c)     	Net cash flows from investments in financial assets for policy purposes are displayed with the same sign as which they	
	are reported in cash flow statements.			
(d)     	Memorandum items are used to adjust the ABS GFS cash surplus/deficit to include in LCA's transactions - 	
	such as operating leases - that have many of the characteristics of public sector borrowings, but do not constitute  	
	formal borrowings.  They are also used, where appropriate, to deduct from the ABS GFS cash surplus/deficit 	
	transactions that Loan Council has agreed should not be included in LCAs, for example, the funding of more 	
	than employers emerging costs under public sector superannuation schemes, or borrowings by entities such 	
	as statutory marketing authorities.			
	Memorandum items also include the net surplus/deficit of public Universities in the jurisdiction controlled by the	
	Government.  For ACT, University of Canberra has been included to reflect its financing requirement.		

Tolerance Limit
Nomination – 2 per cent of public sector receipts ($3.735 billion)  +/‑ $75 million.
Budget – 2 per cent of public sector receipts ($4.019 billion)  +/‑ $80 million.