4.3	repairs and maintenance
The Territory still enjoys a relatively young asset base. However, ensuring that appropriate Repairs and Maintenance are carried out on the Territory’s existing assets is an important element in sustaining the Territory’s physical asset base into the future.
Maintenance expenditure identified in Table 4.3.1 below does not include ‘maintenance-related’ works which are classified as capital in nature.  For example, a portion of agencies’ annual Capital Upgrade funding (budgeted at $43.2 million in 2008‑09) is also utilised for sustaining the Territory’s asset base.
Table 4.3.1 
Repairs and Maintenance
2003-04	2004-05	2005-06	2006-07	
Actual	Actual	Actual	Actual	
$'m	$'m	$'m	$'m	
				
88.043	79.246	83.972	109.552	
				
Note:
1.	Repairs and Maintenance figures are for whole of government and include internal and external trading.