APPENDIX F

2011–12 GFS/GAAP HARMONISED
FINANCIAL STATEMENTS

2011‑12 GFS/GAAP HARMONISED FINANCIAL STATEMENTS
Table F.1
Australian Capital Territory
General Government Sector
Operating Statement
2010-11	 	2010-11	2011-12	 	2012-13	2013-14	2014-15	
Budget		Est. Outcome	Budget	Var	Estimate	Estimate	Estimate	
$'000	 	$'000	$'000	%	$'000	$'000	$'000	
								
 	Revenue							
1,139,699 	Taxation Revenue	1,253,004 	1,248,616 	.. 	1,307,452 	1,370,207 	1,430,440 	
	Grants Revenue							
1,601,288 	Commonwealth Grants	1,574,999 	1,550,379 	-2 	1,573,849 	1,646,942 	1,728,093 	
78,371 	Gains from Contributed Assets	59,169 	78,112 	32 	123,489 	121,086 	130,818 	
430,314 	Sales of Goods and Services 	441,250 	457,395 	4 	470,916 	486,156 	500,160 	
132,188 	Interest Income	159,839 	153,273 	-4 	161,043 	166,622 	180,875 	
186,488 	Dividend and Income Tax Equivalents Income 	280,367 	380,603 	36 	376,892 	389,257 	433,340 	
99,495 	Other Revenue	104,792 	113,868 	9 	102,834 	105,745 	108,727 	
3,667,843 	Total Revenue	3,873,420 	3,982,246 	3 	4,116,475 	4,286,015 	4,512,453 	
								
	Expenses							
1,343,413 	Employee Expenses	1,335,213 	1,427,457 	7 	1,476,760 	1,526,340 	1,586,357 	
	Superannuation Expenses							
233,200 	Superannuation Interest Cost	229,820 	267,248 	16 	282,061 	296,583 	310,808 	
222,919 	Other Superannuation Expense	243,594 	219,098 	-10 	222,405 	227,674 	230,157 	
283,132 	Depreciation and Amortisation 	289,849 	312,382 	8 	334,920 	349,216 	350,770 	
81,009 	Interest Expense	79,894 	100,132 	25 	124,330 	137,036 	137,719 	
	Other Operating Expenses							
809,802 	Supplies and Services	795,864 	869,632 	9 	886,919 	913,801 	981,160 	
158,299 	Other Operating Expenses	164,597 	165,104 	.. 	174,339 	185,997 	189,235 	
708,933 	Grant Expenses	722,847 	736,821 	2 	727,519 	742,270 	769,685 	
3,840,707 	Total Expenses	3,861,678 	4,097,874 	6 	4,229,253 	4,378,917 	4,555,891 	
								
-172,864 	UPF Net Operating Balance	11,742 	-115,628 	# 	-112,778 	-92,902 	-43,438 	
								
	Other Economic Flows - included in the Operating Result					
29,261 	Dividends - Market Gains on Land Sales	17,734 	39,622 	123 	20,373 	19,445 	22,781 	
169,458 	Net Land Revenue (Undeveloped Land Value)	166,430 	268,416 	61 	174,086 	204,610 	211,284 	
704 	Net Gain/(Loss) on Sale of Non‑Financial Assets	-4,862 	517 	111 	550 	15,836 	27,409 	
88,941 	Net Gain/(Loss) on Financial Assets or Liabilities at Fair Value	124,095 	78,717 	-37 	88,880 	94,468 	100,004 	
-1,815 	Doubtful Debts	-3,946 	-3,295 	16 	-3,317 	-3,346 	-3,384 	
								
113,685 	Operating Result	311,193 	268,349 	-14 	167,794 	238,111 	314,656 	

Table F.1
Australian Capital Territory
General Government Sector
Operating Statement
2010-11	 	2010-11	2011-12	 	2012-13	2013-14	2014-15	
Budget		Est. Outcome	Budget	Var	Estimate	Estimate	Estimate	
$'000	 	$'000	$'000	%	$'000	$'000	$'000	
						
	Other Economic Flows - Other Movements in Equity					
- 	Superannuation Prior Year Actuarial Movement	558,819 	- 	-100 	- 	- 	- 	
- 	Net Effect of a Correction for an Error	5 	5 	- 	5 	729 	889 	
- 	Increase/(Decrease) in Asset Revaluation Surplus	263,418 	6 	-100 	- 	- 	- 	
-1 	Increase/(Decrease) in Other Reserves	990 	-3 	-100 	1 	1,516 	1 	
								
113,684 	Total Comprehensive Income	1,134,425 	268,357 	-76 	167,800 	240,356 	315,546 	
								
-172,864 	UPF Net Operating Balance 	11,742 	-115,628 	# 	-112,778 	-92,902 	-43,438 	
	less Net Acquisition of  Non‑Financial Assets 						
854,731 	Purchases of Non-Financial Assets	812,465 	978,606 	20 	712,238 	386,540 	376,178 	
-418 	Sales of Non-Financial Assets	-984 	-250 	75 	-273 	-42,260 	-57,865 	
-187,889 	Land Revenue (Net Cash Receipts)	-75,121 	-266,890 	-255 	-188,407 	-167,219 	-203,684 	
-283,132 	Depreciation and Amortisation	-289,849 	-312,382 	-8 	-334,920 	-349,216 	-350,770 	
78,060 	Other Movements in Non‑Financial Assets	58,692 	77,386 	32 	123,207 	119,844 	130,535 	
461,352 	Total Net Acquisition of Non‑Financial Assets	505,203 	476,470 	-6 	311,845 	-52,311 	-105,606 	
								
-634,216 	Net Lending / (Borrowing) 	-493,461 	-592,098 	-20 	-424,623 	-40,591 	62,168 	

	AUSTRALIAN CAPITAL TERRITORY NET OPERATING BALANCE			
								
-172,864 	UPF Net Operating Balance	11,742 	-115,628 	# 	-112,778 	-92,902 	-43,438 	
88,941 	Expected Long Term Capital Gains on Superannuation Investments	7,926 	78,702 	893 	88,865 	94,453 	99,989 	
								
-83,923 	HEADLINE NET OPERATING BALANCE	19,668 	-36,926 	-288 	-23,913 	1,551 	56,551 	

Table F.2 
Australian Capital Territory
General Government Sector
Balance Sheet
2010-11	 	2010-11	2011-12	 	2012-13	2013-14	2014-15	
Budget		Est. Outcome	Budget	Var	Estimate	Estimate	Estimate	
$'000	 	$'000	$'000	%	$'000	$'000	$'000	
	Financial Assets							
180,429 	Cash and Deposits	171,419 	163,028 	-5 	159,329 	164,990 	170,481 	
1,400,279 	Advances Paid	1,271,752 	1,427,454 	12 	1,419,249 	1,458,932 	1,447,350 	
2,865,553 	Investments, Loans and Placements	3,098,347 	3,091,781 	.. 	3,283,166 	3,595,922 	4,018,970 	
378,816 	Receivables	537,723 	565,605 	5 	603,500 	682,967 	728,937 	
	Equity							
5,759,496 	Investments in Other Public Sector Entities	5,509,021 	5,779,746 	5 	6,023,504 	6,266,379 	6,521,474 	
10,584,573 	Total Financial Assets	10,588,262 	11,027,614 	4 	11,488,748 	12,169,190 	12,887,212 	
								
	Non-Financial Assets							
	Produced Assets							
9,365,987 	Property, Plant and Equipment	10,247,106 	10,594,116 	3 	11,362,477 	11,553,512 	11,538,381 	
127,795 	Investment Properties	127,455 	127,757 	.. 	127,907 	128,060 	128,213 	
63,040 	Intangibles	39,505 	88,508 	124 	97,230 	79,764 	63,112 	
10,793 	Inventories	12,372 	12,523 	1 	12,674 	12,825 	12,976 	
- 	Assets Held for Sale	1,159 	1,159 	- 	1,159 	1,159 	1,159 	
685,354 	Capital Works-in-Progress	515,412 	781,241 	52 	448,663 	370,142 	507,369 	
	Non-Produced Assets							
2,055,749 	Property, Plant and Equipment	2,093,623 	2,183,882 	4 	2,229,283 	2,264,068 	2,283,853 	
28,952 	Biological Assets	27,704 	27,704 	- 	27,704 	27,704 	27,704 	
54 	Other Non-Financial Assets	9 	9 	- 	9 	9 	9 	
12,337,724 	Total Non-Financial Assets	13,064,345 	13,816,899 	6 	14,307,106 	14,437,243 	14,562,776 	
								
22,922,297 	Total Assets	23,652,607 	24,844,513 	5 	25,795,854 	26,606,433 	27,449,988 	
								
	Liabilities							
24,817 	Deposits Held	130,877 	132,616 	1 	119,098 	130,664 	122,024 	
92,942 	Advances Received	92,942 	89,741 	-3 	86,420 	82,975 	79,400 	
	Borrowings							
18,912 	Finance Leases	27,156 	25,354 	-7 	23,533 	22,269 	21,351 	
1,752,401 	Other Borrowings	1,414,806 	1,866,253 	32 	2,160,086 	2,202,379 	2,193,576 	
4,283,047 	Superannuation	4,327,962 	4,578,697 	6 	4,825,257 	5,066,512 	5,300,973 	
471,127 	Other Employee Benefits and Provisions	487,293 	513,230 	5 	535,629 	561,725 	587,072 	
425,934 	Payables	582,514 	571,966 	-2 	596,302 	620,212 	665,002 	
22,493 	Other Liabilities	12,362 	12,567 	2 	12,772 	11,462 	11,667 	
								
7,091,673 	Total Liabilities	7,075,912 	7,790,424 	10 	8,359,097 	8,698,198 	8,981,065 	
								
15,830,624 	Net Assets	16,576,695 	17,054,089 	3 	17,436,757 	17,908,235 	18,468,923 	
								
5,759,496 	Equity in Public Trading Entities	5,509,021 	5,779,746 	5 	6,023,504 	6,266,379 	6,521,474 	
6,026,655 	Accumulated Funds	6,160,917 	6,367,583 	3 	6,506,492 	6,733,579 	7,039,171 	
4,045,922 	Asset Revaluation Surplus	4,908,091 	4,908,097 	.. 	4,908,097 	4,908,097 	4,908,097 	
-1,449 	Other Reserves	-1,334 	-1,337 	.. 	-1,336 	180 	181 	
								
15,830,624 	Net Worth	16,576,695 	17,054,089 	3 	17,436,757 	17,908,235 	18,468,923 	
								
3,492,900 	Net Financial Worth	3,512,350 	3,237,190 	-8 	3,129,651 	3,470,992 	3,906,147 	
2,266,596 	Net Financial Liabilities	1,996,671 	2,542,556 	27 	2,893,853 	2,795,387 	2,615,327 	
-2,557,189 	Net Debt (including Superannuation related Investments)	-2,875,737 	-2,568,299 	11 	-2,472,607 	-2,781,557 	-3,220,450 	
-281,705 	Net Debt (excluding Superannuation related Investments) 	-575,314 	-104,575 	82 	154,797 	8,782 	-268,847 	

Table F.3
Australian Capital Territory
General Government Sector
Cash Flow Statement
2010-11	 	2010-11	2011-12	 	2012-13	2013-14	2014-15	
Budget		Est. Outcome	Budget	Var	Estimate	Estimate	Estimate	
$'000	 	$'000	$'000	%	$'000	$'000	$'000	
							
	Cash Flows from Operating Activities						
	Cash Receipts							
1,111,500 	Taxes Received	1,224,346 	1,219,479 	.. 	1,277,685 	1,338,003 	1,398,243 	
427,322 	Receipts from Sales of Goods and Services	454,336 	459,259 	1 	470,900 	483,614 	497,722 	
1,601,388 	Grants/Subsidies Received	1,575,099 	1,551,879 	-1 	1,575,039 	1,646,882 	1,727,533 	
124,926 	Interest Receipts	166,100 	148,102 	-11 	155,704 	161,257 	175,453 	
174,593 	Dividends and Income Tax Equivalents	224,350 	315,852 	41 	335,659 	335,009 	377,217 	
351,565 	Other Receipts	431,099 	406,027 	-6 	380,250 	389,102 	393,563 	
3,791,294 	Total Cash Received from Operating Activities	4,075,330 	4,100,598 	1 	4,195,237 	4,353,867 	4,569,731 	
							
	Cash Payments							
-1,522,412 	Payments for Employees	-1,520,967 	-1,642,219 	8 	-1,717,527 	-1,789,271 	-1,873,615 	
-786,192 	Payments for Goods and Services	-755,237 	-842,092 	12 	-868,548 	-895,467 	-962,461 	
-722,569 	Grants and Subsidies Paid	-738,551 	-750,972 	2 	-741,884 	-756,330 	-784,960 	
-68,284 	Interest Paid	-68,488 	-93,333 	36 	-118,624 	-128,931 	-129,158 	
-357,283 	Other Payments	-399,737 	-399,711 	.. 	-376,138 	-374,235 	-352,963 	
-3,456,740 	Total Cash Paid from Operating Activities	-3,482,980 	-3,728,327 	7 	-3,822,721 	-3,944,234 	-4,103,157 	
334,554 	Net Cash Flows from Operating Activities	592,350 	372,271 	-37 	372,516 	409,633 	466,574 	
							
	Cash Flows from Investing Activities					
	Cash Flows from Investments in Non-Financial Assets					
188,307 	Sales of Non-Financial Assets	76,105 	267,140 	251 	188,680 	209,479 	261,549 	
-854,731 	Purchase of Non-Financial Assets	-812,465 	-978,606 	20 	-712,238 	-386,540 	-376,178 	
-666,424 	Net Cash Flows from Investments in Non‑Financial Assets	-736,360 	-711,466 	-3 	-523,558 	-177,061 	-114,629 	
				
	Cash Flows from Investments in Financial Assets for Policy Purposes			
	Cash Receipts							
690 	Repayment of Loans	612 	577 	-6 	2,683 	2,680 	2,628 	
29,261 	Dividends - Market Gains on Land Sales	17,734 	39,622 	123 	20,373 	19,445 	22,781 	
29,951 	Total Cash Received from Investments in Financial Assets for Policy Purposes	18,346 	40,199 	119 	23,056 	22,125 	25,409 	
								
	Cash Payments							
-10,360 	Issue of Loans	-10,360 	-52,770 	409 	-480 	-240 	-240 	
-56,944 	Capital Payments to Government Agencies	-54,416 	-61,688 	13 	-28,890 	-11,753 	-9,953 	
-67,304 	Total Cash Paid from Investments in Financial Assets for Policy Purposes	-64,776 	-114,458 	77 	-29,370 	-11,993 	-10,193 	
-37,353 	Net Cash Flows from Investments in Financial Assets for Policy Purposes	-46,430 	-74,259 	60 	-6,314 	10,132 	15,216 	

Table F.3
Australian Capital Territory
General Government Sector
Cash Flow Statement
2010-11	 	2010-11	2011-12	 	2012-13	2013-14	2014-15	
Budget		Est. Outcome	Budget	Var	Estimate	Estimate	Estimate	
$'000	 	$'000	$'000	%	$'000	$'000	$'000	
				
	Cash Flows from Investments in Financial Assets for Liquidity Purposes			
605,549 	Sales of Investments	731,760 	228,134 	-69 	64,054 	21,206 	15,697 	
-426,419 	Purchase of Investments  	-517,249 	-156,929 	-70 	-196,409 	-243,493 	-362,988 	
179,130 	Cash Flows from Investments in Financial Assets for Liquidity Purposes	214,511 	71,205 	-67 	-132,355 	-222,287 	-347,291 	
-524,647 	Net Cash Flows from Investing Activities	-568,279 	-714,520 	26 	-662,227 	-389,216 	-446,704 	
								
	Cash Flows from Financing Activities				
	Cash Receipts							
537,625 	Borrowings	287,462 	519,589 	81 	294,255 	42,627 	11,132 	
- 	Other Financing	1,100 	2,621 	138 	- 	- 	- 	
537,625 	Total Cash Received from Financing Activities	288,562 	522,210 	81 	294,255 	42,627 	11,132 	
								
	Cash Payments							
-349,332 	Borrowings	-308,752 	-188,352 	-39 	-8,243 	-57,383 	-25,511 	
-349,332 	Total Cash Paid from Financing Activities	-308,752 	-188,352 	-39 	-8,243 	-57,383 	-25,511 	
188,293 	Net Cash Flows from Financing Activities	-20,190 	333,858 	# 	286,012 	-14,756 	-14,379 	
								
-1,800 
	Net Increase/(Decrease) in Cash Held	3,881 	-8,391 	-316 	-3,699 	5,661 	5,491 	
								
186,229 	Cash and Cash Equivalents at the Beginning of Reporting Period	182,719 	186,600 	2 	178,209 	174,510 	180,171 	
184,429 	Cash and Cash Equivalents at the End of Reporting Period	186,600 	178,209 	-4 	174,510 	180,171 	185,662 	
								
	Key Fiscal Aggregates							
334,554 	Net Cash from Operating Activities	592,350 	372,271 	-37 	372,516 	409,633 	466,574 	
-666,424 	Investments in Non-Financial Assets	-736,360 	-711,466 	-3 	-523,558 	-177,061 	-114,629 	
-331,870 	Cash Surplus (+) / Deficit (-)	-144,010 	-339,195 	136 	-151,042 	232,572 	351,945 	
	A positive number denotes a cash inflow, a negative sign denotes a cash outflow	
								
	Derivation of ABS GFS Cash Surplus/Deficit	
-331,870 	Cash Surplus (+) / Deficit (-)	-144,010 	-339,195 	136 	-151,042 	232,572 	351,945 	
- 	Acquisitions Under Finance Leases and Similar Arrangements (a)	- 	- 	- 	- 	- 	- 	
								
-331,870 	ABS GFS Cash Surplus (+) / Deficit (-) Including Finance and Similar Arrangements	-144,010 	-339,195 	136 	-151,042 	232,572 	351,945 	
	(a) Finance leases are shown with a negative sign as they are deducted in compiling the ABS GFS cash surplus/deficit 	

Table F.4
Australian Capital Territory
General Government Sector
Statement of Changes in Equity
2010-11	 	2010-11	2011-12	 	2012-13	2013-14	2014-15	
Budget		Est. Outcome	Budget	Var	Estimate	Estimate	Estimate	
$'000	 	$'000	$'000	%	$'000	$'000	$'000	
								
	Opening Equity							
5,526,154 	Opening Equity in Public Trading Entities	5,426,147 	5,509,021 	2	5,779,746 	6,023,504 	6,266,379 	
5,970,297 	Opening Accumulated Funds	5,345,699 	6,160,917 	15 	6,367,583 	6,506,492 	6,733,579 	
4,045,922 	Opening Asset Revaluation Surplus	4,644,673 	4,908,091 	6 	4,908,097 	4,908,097 	4,908,097 	
-1,448 	Opening Other Reserves	-2,324 	-1,334 	43 	-1,337 	-1,336 	180 	
15,540,925 	Opening Balance	15,414,195 	16,576,695 	8 	17,054,089 	17,436,757 	17,908,235 	
								
	Comprehensive Income							
	Included in Accumulated Funds:							
113,685 	Operating Result for the Period	311,193 	268,349 	-14 	167,794 	238,111 	314,656 	
- 	Superannuation Prior Year Actuarial Movement	558,819 	- 	-100 	- 	- 	- 	
- 	Other Comprehensive Income	5 	5 	- 	5 	729 	889 	
	Included in Asset Revaluation Surplus							
-	Increase/(Decrease) in Asset 
     Revaluation Surplus	263,418	6	-100	-	-	-	
	Included in Other Reserves:							
-1 	Increase/(Decrease) in Other Reserves	990 	-3 	-100 	1 	1,516 	1 	
113,684 	Total Comprehensive Income	1,134,425 	268,357 	-76 	167,800 	240,356 	315,546 	
								
	Transactions Involving Owners Affecting Accumulated Funds	
	Included in Accumulated Funds:							
-56,944 	Capital Injections 	-54,416 	-61,688 	-13 	-28,890 	-11,753 	-9,953 	
-383 	Increase/(Decrease) in Net Assets due to Admin Restructure	-383 	- 	100 	- 	- 	- 	
	Included in Equity in Public Trading Entities:						
233,342 	Increase/(Decrease) in Net Assets of PTE Entities	82,874 	270,725 	227 	243,758 	242,875 	255,095 	
176,015 	Total Transactions Involving Owners Affecting Accumulated Funds	28,075 	209,037 	645 	214,868 	231,122 	245,142 	
								
	Closing Equity							
5,759,496 	Closing Equity in Public Trading Entities	5,509,021 	5,779,746 	5 	6,023,504 	6,266,379 	6,521,474 	
6,026,655 	Closing Accumulated Funds	6,160,917 	6,367,583 	3 	6,506,492 	6,733,579 	7,039,171 	
4,045,922 	Closing Asset Revaluation Surplus	4,908,091 	4,908,097 	.. 	4,908,097 	4,908,097 	4,908,097 	
-1,449 	Closing Other Reserves	-1,334 	-1,337 	.. 	-1,336 	180 	181 	
15,830,624 	Balance at the End of the Reporting Period	16,576,695 	17,054,089 	3 	17,436,757 	17,908,235 	18,468,923 	

Table F.5
Australian Capital Territory
Public Trading Enterprise
Operating Statement
2010-11	 	2010-11	2011-12	 	2012-13	2013-14	2014-15	
Budget		Est. Outcome	Budget	Var	Estimate	Estimate	Estimate	
$'000	 	$'000	$'000	%	$'000	$'000	$'000	
								
	Revenue							
133,159 	Government Payment for Outputs	130,518 	137,048 	5 	136,322 	132,576 	134,942 	
	Grants Revenue							
- 	Gains from Contributed Assets	803 	405 	-50 	- 	1,000 	- 	
	Sales of Goods and Services Revenue						
87,080 	Revenue from Associates and Joint Ventures	95,030 	117,116 	23 	99,345 	100,673 	80,141 	
379,006 	Other Sales of Goods and Services 	363,878 	437,142 	20 	462,875 	492,812 	508,664 	
11,956 	Interest Income	22,649 	15,642 	-31 	13,971 	13,932 	15,046 	
	Other Revenue							
125,702 	Land Revenue (Value Add Component)	127,500 	368,041 	189 	389,977 	358,531 	504,874 	
6,680 	Other Revenue	12,889 	11,293	-12	10,236	7,011 	7,171 	
743,583 	Total Revenue	753,267 	1,086,687 	44 	1,112,726 	1,106,535 	1,250,838 	
								
	Expenses							
105,150 	Employee Expenses	110,019 	112,367 	2 	113,317 	113,344 	115,449 	
13,606 	Superannuation Expenses	13,415 	14,351 	7 	14,645 	14,592 	14,854 	
64,322 	Depreciation and Amortisation 	57,567 	63,194 	10 	68,395 	70,908 	72,798 	
69,406 	Interest Expenses	63,195 	85,190 	35 	93,051 	92,289 	94,454 	
52,018 	Other Property Expenses (Income Tax Expense)	53,780 	107,525 	100 	102,092 	104,517 	117,860 	
	Other Operating Expenses							
120,911 	Supplies and Services	121,977 	128,933 	6 	130,022 	131,959 	136,010 	
148,164 	Other Operating Expenses	176,194 	311,430 	77 	247,441 	239,543 	324,293 	
102,048 	Grants Expenses	74,783 	70,437 	-6 	127,412 	113,108 	118,111 	
675,625 	Total Expenses	670,930 	893,427 	33 	896,375 	880,260 	993,829 	
								
67,958 	UPF Net Operating Balance	82,337 	193,260 	135 	216,351 	226,275 	257,009 	
								
	Other Economic Flows - included in the Operating Result			
41,801 	Land Revenue (Market Gains on Land Sales)	25,334 	56,603 	123 	29,104 	27,778 	32,545 	
-25,479 	Net Gain/(Loss) on Sale of Non‑Financial Assets	-16,592 	-13,440 	19 	-37,434 	-33,249 	-42,767 	
135 	Net Gain/(Loss) on Financial Assets or Liabilities at Fair Value	135 	255 	89 	387 	531 	531 	
-1,841 	Doubtful Debts	-1,841 	-1,856 	-1 	-1,906 	-1,963 	-2,021 	
								
82,574 	Operating Result	89,373 	234,822 	163 	206,502 	219,372 	245,297 	

Table F.5
Australian Capital Territory
Public Trading Enterprise
Operating Statement
2010-11	 	2010-11	2011-12	 	2012-13	2013-14	2014-15	
Budget		Est. Outcome	Budget	Var	Estimate	Estimate	Estimate	
$'000	 	$'000	$'000	%	$'000	$'000	$'000	
				
	Other Economic Flows - Other Movements in Equity			
211,738 
	Increase/(Decrease) in Asset Revaluation Surplus	53,789 	221,501 	312 	242,557 	250,928 	269,694 	
								
294,312 	Total Comprehensive Income	143,162 	456,323 	219 	449,059 	470,300 	514,991 	
								
67,958 	UPF Net Operating Balance 	82,337 	193,260 	135 	216,351 	226,275 	257,009 	
	less Net Acquisition of Non‑Financial Assets 			
465,691 	Purchases of Non-Financial Assets	409,330 	396,840 	-3 	140,092 	102,180 	99,726 	
-31,978 	Sales of Non-Financial Assets	-40,973 	-44,189 	8 	-33,863 	-39,725 	-35,882 	
-96,240 	Land Revenue (Net Cash Receipts)	-52,283 	-30,624 	-41 	-21,295 	-16,016 	-37,211 	
-64,322 	Depreciation and Amortisation	-57,567 	-63,194 	10 	-68,395 	-70,908 	-72,798 	
-58,060 	Other Movements in Non‑Financial Assets	-38,132 	-43,386 	14 	-90,129 	-86,749 	-93,957 	
215,091 	Total Net Acquisition of  Non‑Financial Assets	220,375 	215,447 	-2 	-73,590 	-111,218 	-140,122 	
								
-147,133 	Net Lending / (Borrowing) 	-138,038 	-22,187 	84 	289,941 	337,493 	397,131 	

	AUSTRALIAN CAPITAL TERRITORY NET OPERATING BALANCE	
								
67,958 	UPF Net Operating Balance	82,337 	193,260 	135 	216,351 	226,275 	257,009 	
 		 	 	 	 	 		
67,958 	HEADLINE NET OPERATING BALANCE	82,337 	193,260 	135 	216,351 	226,275 	257,009 	

Table F.6
Australian Capital Territory
Public Trading Enterprise
Balance Sheet
2010-11	 	2010-11	2011-12	 	2012-13	2013-14	2014-15	
Budget		Est. Outcome	Budget	Var	Estimate	Estimate	Estimate	
$'000	 	$'000	$'000	%	$'000	$'000	$'000	
								
	Financial Assets							
84,673 	Cash and Deposits	145,076 	147,005 	1 	135,777 	149,571 	143,242 	
232,394 	Investments, Loans and Placements	275,162 	96,940 	-65 	52,472 	77,674 	60,148 	
99,389 	Receivables	147,337 	129,431 	-12 	126,144 	121,485 	121,230 	
613,603 	Investments Accounted for Using the Equity Method	549,535 	579,508 	5 	590,203 	616,401 	626,842 	
1,030,059 	Total Financial Assets	1,117,110 	952,884 	-15 	904,596 	965,131 	951,462 	
								
	Non-Financial Assets							
	Produced Assets							
2,979,183 	Property, Plant and Equipment	2,689,071 	3,183,045 	18 	3,396,138 	3,468,624 	3,543,989 	
35,414 	Intangibles	28,948 	30,143 	4 	29,432 	28,696 	27,991 	
231,204 	Inventories	199,923 	239,618 	20 	237,342 	271,153 	297,548 	
4,883 	Assets Held for Sale	5,167 	5,411 	5 	5,667 	5,936 	6,205 	
506,292 	Capital Works-in-Progress	374,249 	196,051 	-48 	70,666 	70,461 	70,256 	
	Non-Produced Assets							
3,101,187 	Property, Plant and Equipment	3,123,443 	3,289,301 	5	3,470,351 	3,643,700 	3,828,005 	
	Other Non-Financial Assets							
22,411 	Deferred Tax Assets	20,229 	20,229 	- 	20,229 	20,229 	20,229 	
122 	Other Non-Financial Assets	11 	14 	27 	17 	20 	23 	
6,880,696 	Total Non-Financial Assets	6,441,041 	6,963,812 	8 	7,229,842 	7,508,819 	7,794,246 	
								
7,910,755 	Total Assets	7,558,151 	7,916,696 	5 	8,134,438 	8,473,950 	8,745,708 	
								
	Liabilities							
1,433,474 	Advances Received	1,316,076 	1,414,208 	7 	1,405,926 	1,446,335 	1,434,861 	
	Borrowings							
1,041 	Finance Leases	977 	986 	1 	995 	1,004 	1,013 	
143,992 	Other Employee Benefits and Provisions	127,503 	143,963 	13 	138,233 	142,679 	147,799 	
163,292 	Payables	255,125 	222,511 	-13 	206,241 	249,951 	261,135 	
	Other Liabilities							
11,297 	Current Tax Liability	20,376 	24,623 	21 	21,743 	22,324 	25,729 	
398,015 	Deferred Tax Liability	328,941 	330,527 	.. 	337,664 	345,146 	353,565 	
148 	Other Liabilities	132 	132 	- 	132 	132 	132 	
								
2,151,259 	Total Liabilities	2,049,130 	2,136,950 	4 	2,110,934 	2,207,571 	2,224,234 	
								
5,759,496 	Net Assets	5,509,021 	5,779,746 	5 	6,023,504 	6,266,379 	6,521,474 	
								
2,097,032 	Accumulated Funds	2,111,770 	2,182,994 	3 	2,206,195 	2,220,142 	2,227,543 	
3,654,804 	Asset Revaluation Surplus	3,388,389 	3,587,890 	6 	3,808,447 	4,037,375 	4,285,069 	
7,660 	Other Reserves   	8,862 	8,862 	- 	8,862 	8,862 	8,862 	
								
5,759,496 	Net Worth	5,509,021 	5,779,746 	5 	6,023,504 	6,266,379 	6,521,474 	
 								
-1,121,200 	Net Financial Worth	-932,020 	-1,184,066 	-27 	-1,206,338 	-1,242,440 	-1,272,772 	
1,117,448 	Net Debt (including Superannuation related Investments)	896,815 	1,171,249 	31 	1,218,672 	1,220,094 	1,232,484 	

Table F.7
Australian Capital Territory
Public Trading Enterprise
Cash Flow Statement
2010-11	 	2010-11	2011-12	 	2012-13	2013-14	2014-15	
Budget		Est. Outcome	Budget	Var	Estimate	Estimate	Estimate	
$'000	 	$'000	$'000	%	$'000	$'000	$'000	
				
	Cash Flows from Operating Activities			
	Cash Receipts							
788,573 	Receipts from Sales of Goods and Services	620,034 	1,102,014 	78 	1,061,580 	1,034,389 	1,253,818 	
133,159 	Grants/Subsidies Received	130,518 	137,048	5	136,322	132,576 	134,942 	
11,956 	Interest Receipts	22,649 	15,642 	-31 	13,971 	13,932 	15,046 	
61,199 	Other Receipts	78,692 	103,612	32	114,742	116,945 	142,298 	
994,887 	Total Cash Received from Operating Activities	851,893 	1,358,316 	59 	1,326,615 	1,297,842 	1,546,104 	
								
	Cash Payments							
-118,277 	Payments for Employees	-120,047 	-125,883 	5 	-127,051 	-127,017 	-129,371 	
-137,258 	Payments for Goods and Services	-132,027 	-139,743 	6 	-141,611 	-144,356 	-148,997 	
-21,872 	Grants and Subsidies Paid	-24,100 	-26,647 	11 	-27,002 	-25,360 	-24,155 	
-61,432 	Interest Paid	-55,195 	-77,728 	41 	-86,180 	-86,065 	-88,230 	
-568,748 	Other Payments	-315,551 	-676,091 	114 	-593,488 	-522,917 	-718,929 	
-907,587 	Total Cash Paid from Operating Activities	-646,920 	-1,046,092 	62 	-975,332 	-905,715 	-1,109,682 	
87,300 	Net Cash Flows from Operating Activities	204,973 	312,224 	52 	351,283 	392,127 	436,422 	
								
	Cash Flows from Investing Activities			
	Cash Flows from Investments in Non-Financial Assets		
31,978 	Sales of Non-Financial Assets	40,973 	44,189 	8 	33,863 	39,725 	35,882 	
-465,691 	Purchase of Non-Financial Assets	-409,330 	-396,840 	-3 	-140,092 	-102,180 	-99,726 	
-433,713 	Net Cash Flows from Investments in Non-Financial Assets	-368,357 	-352,651 	-4 	-106,229 	-62,455 	-63,844 	
								
	Cash Flows from Investments in Financial Assets for Policy Purposes		
	Cash Receipts							
56,944 	Capital Receipts from Government Agencies	54,416 	61,688 	13 	28,890 	11,753 	9,953 	
56,944 	Total Cash Received from Investment in Financial Assets for Policy Purposes	54,416 	61,688 	13 	28,890 	11,753 	9,953 	
								
	Cash Payments							
-29,261 	Dividends - Market Gains on Sales	-17,734 	-39,622 	123 	-20,373 	-19,445 	-22,781 	
-29,261 	Total Cash Paid from Investment in Financial Assets for Policy Purposes	-17,734 	-39,622 	123 	-20,373 	-19,445 	-22,781 	
27,683 	Net Cash Flows from Investments in Financial Assets for Policy Purposes	36,682 	22,066 	-40 	8,517 	-7,692 	-12,828 	

Table F.7
Australian Capital Territory
Public Trading Enterprise
Cash Flow Statement
2010-11	 	2010-11	2011-12	 	2012-13	2013-14	2014-15	
Budget		Est. Outcome	Budget	Var	Estimate	Estimate	Estimate	
$'000	 	$'000	$'000	%	$'000	$'000	$'000	
				
	Cash Flows from Investments in Financial Assets for Liquidity Purposes			
58,345 	Sales of Investments	53,468 	60,261 	13 	61,518 	23,028 	33,801 	
-3,500 	Purchase of Investments  	-3,500 	-8,500 	143 	-14,000 	-33,161 	-33,161 	
54,845 	Net Cash Flows from Investments in Financial Assets for Liquidity Purposes	49,968 	51,761 	4 	47,518 	-10,133 	640 	
-351,185 	Net Cash Flows from Investing Activities	-281,707 	-278,824 	-1 	-50,194 	-80,280 	-76,032 	
								
	Cash Flows from Financing Activities			
	Cash Receipts							
340,060 	Borrowings	300,060 	180,060 	-40 	6,926 	58,828 	8,828 	
340,060 	Total Cash Received from Financing Activities	300,060 	180,060 	-40 	6,926 	58,828 	8,828 	
								
	Cash Payments							
-16,128 	Borrowings	-8,346 	-77,706 	831 	-12,132 	-11,277 	-13,081 	
-120,457 	Dividends Paid	-145,775 	-214,616 	47 	-242,990 	-238,544 	-268,343 	
-54,046 	Other Financing	-69,403 	-101,693 	47 	-97,840 	-96,457 	-106,042 	
-190,631 	Total Cash Paid from Financing Activities	-223,524 	-394,015 	76 	-352,962 	-346,278 	-387,466 	
149,429 	Net Cash Flows from Financing Activities	76,536 	-213,955 	-380 	-346,036 	-287,450 	-378,638 	
								
-114,456 
	Net Increase/(Decrease) in Cash Held	-198 	-180,555 	# 	-44,947 	24,397 	-18,248 	
								
403,871 	Cash and Cash Equivalents at the Beginning of Reporting Period	299,970 	299,772 	.. 	119,217 	74,270 	98,667 	
289,415 	Cash and Cash Equivalents at the End of Reporting Period	299,772 	119,217 	-60 	74,270 	98,667 	80,419 	
								
	Key Fiscal Aggregates							
87,300 	Net Cash from Operating Activities	204,973 	312,224 	52 	351,283 	392,127 	436,422 	
-433,713 	Net Cash Flows from Investments in Non-Financial Assets	-368,357 	-352,651 	-4 	-106,229 	-62,455 	-63,844 	
-174,503 	Distributions Paid	-215,178 	-316,309 	47 	-340,830 	-335,001 	-374,385 	
-520,916 	Cash Surplus (+) / Deficit (-)	-378,562 	-356,736 	-6 	-95,776 	-5,329 	-1,807 	
	A positive number denotes a cash inflow, a negative sign denotes a cash outflow	
								
	Derivation of ABS GFS Cash Surplus/Deficit	
-520,916 	Cash Surplus (+) / Deficit (-)	-378,562 	-356,736 	-6 	-95,776 	-5,329 	-1,807 	
- 	Acquisitions Under Finance Leases and Similar Arrangements (a)	- 	- 	- 	- 	- 	- 	
								
-520,916 	ABS GFS Cash Surplus (+) / Deficit (-) Including Finance and Similar Arrangements	-378,562 	-356,736 	-6 	-95,776 	-5,329 	-1,807 	
	(a) Finance leases are shown with a negative sign as they are deducted in compiling the ABS GFS cash surplus/deficit 	

Table F.8
Australian Capital Territory
Public Trading Enterprise
Statement of Changes in Equity
2010-11	 	2010-11	2011-12	 	2012-13	2013-14	2014-15	
Budget		Est. Outcome	Budget	Var	Estimate	Estimate	Estimate	
$'000	 	$'000	$'000	%	$'000	$'000	$'000	
								
	Opening Equity							
2,053,428 	Opening Accumulated Funds	2,061,784 	2,111,770 	2 	2,182,994 	2,206,195 	2,220,142 	
3,465,066 	Opening Asset Revaluation Surplus	3,355,500 	3,388,389 	1 	3,587,890 	3,808,447 	4,037,375 	
7,660 	Opening Other Reserves	8,862 	8,862 	- 	8,862 	8,862 	8,862 	
5,526,154 	Opening Balance	5,426,146 	5,509,021 	2 	5,779,746 	6,023,504 	6,266,379 	
								
	Comprehensive Income							
	Included in Accumulated Funds:							
82,574 	Operating Result for the Period	89,373 	234,822 	163 	206,502 	219,372 	245,297 	
	Included in Asset Revaluation Surplus:			
211,738 	Increase/(Decrease) in Asset Revaluation Surplus	53,789 	221,501 	312 	242,557 	250,928 	269,694 	
294,312 	Total Comprehensive Income	143,162 	456,323 	219 	449,059 	470,300 	514,991 	
								
	Other							
22,000 	Transfer to/(from) Accumulated Funds	20,900 	22,000 	5 	22,000 	22,000 	22,000 	
-22,000 	Movement in Asset Revaluation Surplus	-20,900 	-22,000 	-5 	-22,000 	-22,000 	-22,000 	
0 	Total Other	0 	0 		0 	0 	0 	
								
	Transactions Involving Owners Affecting Accumulated Funds			
56,944 	Capital Injections 	54,416 	61,688 	13 	28,890 	11,753 	9,953 	
383 	Increase/(Decrease) in Net Assets due to Admin Restructure	383 	- 	-100 	- 	- 	- 	
-118,297 	Dividends Approved	-115,086 	-247,286 	-115 	-234,191 	-239,178 	-269,849 	
-60,970 	Total Transactions Involving Owners Affecting Accumulated Funds	-60,287 	-185,598 	-208 	-205,301 	-227,425 	-259,896 	
								
	Closing Equity							
2,097,032 	Closing Accumulated Funds	2,111,770 	2,182,994 	3 	2,206,195 	2,220,142 	2,227,543 	
3,654,804 	Closing Asset Revaluation Surplus	3,388,389 	3,587,890 	6 	3,808,447 	4,037,375 	4,285,069 	
7,660 	Closing Other Reserves	8,862 	8,862 	- 	8,862 	8,862 	8,862 	
5,759,496 	Balance at the End of the Reporting Period	5,509,021 	5,779,746 	5 	6,023,504 	6,266,379 	6,521,474 	

Table F.9
Australian Capital Territory
Consolidated Total Territory
Operating Statement
2010-11	 	2010-11	2011-12	 	2012-13	2013-14	2014-15	
Budget		Est. Outcome	Budget	Var	Estimate	Estimate	Estimate	
$'000	 	$'000	$'000	%	$'000	$'000	$'000	
								
	Revenue							
1,112,650 	Taxation Revenue	1,228,025 	1,218,832 	-1 	1,276,962 	1,336,177 	1,397,844 	
	Grants Revenue							
1,601,288 	Commonwealth Grants	1,574,999 	1,550,379	-2	1,573,849	1,646,942 	1,728,093 	
311 	Gains from Contributed Assets	879 	14,321 	# 	18,360 	18,337 	21,861 	
	Sales of Goods and Services 							
87,080 	Revenue from Associates and Joint Ventures	95,030 	117,116 	23 	99,345 	100,673 	80,141 	
744,490 	Other Sales of Goods and Services 	743,170 	824,719 	11 	861,755 	902,422 	930,550 	
77,941 	Interest Income	118,044 	84,107 	-29 	85,214 	90,541 	102,270 	
44,322 	Dividend and Income Tax Equivalents Income 	105,446 	66,999 	-36 	68,114 	72,486 	76,825 	
125,702 	Land Revenue (Value Add Component)	80,860 	305,741 	278 	357,677 	336,231 	482,574 	
95,779 	Other Revenue	106,541	115,231	8	102,951	102,683 	105,655 	
3,889,563 	Total Revenue	4,052,994 	4,297,445 	6 	4,444,227 	4,606,492 	4,925,813 	
								
	Expenses							
1,448,563 	Employee Expenses	1,445,232 	1,539,824 	7 	1,590,077 	1,639,684 	1,701,806 	
	Superannuation Expenses							
233,200 	Superannuation Interest Cost	229,820 	267,248 	16 	282,061 	296,583 	310,808 	
226,963 	Other Superannuation Expenses	248,421 	224,271 	-10 	227,683 	232,945 	235,520 	
347,454 	Depreciation and Amortisation 	347,416 	375,576 	8 	403,315 	420,124 	423,568 	
84,212 	Interest Expenses	78,645 	100,514 	28 	127,581 	139,312 	138,522 	
	Other Operating Expenses							
900,486 	Supplies and Services	887,107 	967,464 	9 	984,705 	1,009,608 	1,080,257 	
264,169 	Other Operating Expenses	270,543 	395,278 	46 	338,433 	337,780 	425,895 	
631,170 	Grants Expenses	639,512 	638,017 	.. 	640,785 	646,637 	671,821 	
4,136,217 	Total Expenses	4,146,696 	4,508,192 	9 	4,594,640 	4,722,673 	4,988,197 	
								
-246,654 	UPF Net Operating Balance	-93,702 	-210,747 	-125 	-150,413 	-116,181 	-62,384 	
								
	Other Economic Flows - included in the Operating Result			
41,801 	Land Revenue (Market Gains on Land Sales)	25,334 	56,603 	123 	29,104 	27,778 	32,545 	
169,458 	Net Land Revenue (Undeveloped Land Value)	166,430 	268,416 	61 	174,086 	204,610 	211,284 	
-24,775 	Net Gain/(Loss) on Sale of Non‑Financial Assets	-21,454 	-12,923 	40 	-36,884 	-17,413 	-15,358 	
89,076 	Net Gain/(Loss) on Financial Assets or Liabilities at Fair Value	124,230 	78,972 	-36 	89,267 	94,999 	100,535 	
-3,656 	Doubtful Debts	-5,787 	-5,151 	11 	-5,223 	-5,309 	-5,405 	
								
25,250 	Operating Result	195,051 	175,170 	-10 	99,937 	188,484 	261,217 	

Table F.9
Australian Capital Territory
Consolidated Total Territory
Operating Statement
2010-11	 	2010-11	2011-12	 	2012-13	2013-14	2014-15	
Budget		Est. Outcome	Budget	Var	Estimate	Estimate	Estimate	
$'000	 	$'000	$'000	%	$'000	$'000	$'000	
				
	Other Economic Flows - Other Movements in Equity			
- 	Superannuation Prior Year Actuarial Movement	558,819 	- 	-100 	- 	- 	- 	
- 	Net Effect of a Correction for an Error	5 	5 	- 	5 	729 	889 	
216,738 	Increase/(Decrease) in Asset Revaluation Surplus	317,206 	221,507 	-30 	242,557 	250,928 	269,694 	
-1 	Increase/(Decrease) in Other Reserves	970 	-3 	-100 	1 	1,516 	1 	
								
241,987 	Total Comprehensive Income	1,072,051 	396,679 	-63 	342,500 	441,657 	531,801 	
								
-246,654 	UPF Net Operating Balance 	-93,702 	-210,747 	-125 	-150,413 	-116,181 	-62,384 	
	less Net Acquisition of Non-Financial Assets 			
1,288,822 	Purchases of Non-Financial Assets	1,175,155 	1,313,146 	12 	820,030 	466,420 	453,604 	
-32,396 	Sales of Non-Financial Assets	-41,957 	-44,439 	6 	-34,136 	-81,985 	-93,747 	
-252,529 	Land Revenue (Net Cash Receipts)	-127,404 	-297,514 	134 	-209,702 	-183,235 	-240,895 	
-347,454 	Depreciation and Amortisation	-347,416 	-375,576 	8 	-403,315 	-420,124 	-423,568 	
-	Other Movements in 
     Non-Financial Assets	560 	14,000 	# 	18,078 	18,095 	21,578 	
656,443 	Total Net Acquisition of Non‑Financial Assets	658,938 	609,617 	-7 	190,955 	-200,829 	-283,028 	
								
-903,097 	Net Lending / (Borrowing) 	-752,640 	-820,364 	-9 	-341,368 	84,648 	220,644 	

	AUSTRALIAN CAPITAL TERRITORY NET OPERATING BALANCE			
								
-246,654 	UPF Net Operating Balance	-93,702 	-210,747 	-125 	-150,413 	-116,181 	-62,384 	
88,941 	Expected Long Term Capital Gains on Superannuation Investments	7,926 	78,702 	893 	88,865 	94,453 	99,989 	
								
-157,713 	HEADLINE NET OPERATING BALANCE	-85,776 	-132,045 	-54 	-61,548 	-21,728 	37,605 	

Table F.10
Australian Capital Territory
Consolidated Total Territory
Balance Sheet
2010-11	 	2010-11	2011-12	 	2012-13	2013-14	2014-15	
Budget		Est. Outcome	Budget	Var	Estimate	Estimate	Estimate	
$'000	 	$'000	$'000	%	$'000	$'000	$'000	
	Financial Assets							
240,285 	Cash and Deposits	200,799 	192,598 	-4 	191,189 	199,078 	206,880 	
49,502 	Advances Paid	48,454 	98,647 	104 	96,444 	94,004 	91,615 	
3,097,927 	Investments, Loans and Placements	3,373,509 	3,188,721 	-5 	3,335,638 	3,673,596 	4,079,118 	
402,887 	Receivables	527,817 	474,911 	-10 	455,570 	495,457 	498,558 	
613,603 	Investments Accounted for Using the Equity Method	549,535 	579,508 	5 	590,203 	616,401 	626,842 	
4,404,204 	Total Financial Assets	4,700,114 	4,534,385 	-4 	4,669,044 	5,078,536 	5,503,013 	
								
	Non-Financial Assets							
	Produced Assets							
12,345,170 	Property, Plant and Equipment	12,936,177 	13,777,161 	7 	14,758,615 	15,022,136 	15,082,370 	
127,795 	Investment Properties	127,455 	127,757 	.. 	127,907 	128,060 	128,213 	
98,454 	Intangibles	68,453 	118,651 	73 	126,662 	108,460 	91,103 	
237,383 	Inventories	115,770 	152,280 	32 	166,092 	163,385 	190,524 	
4,883 	Assets Held for Sale	6,326 	6,570 	4 	6,826 	7,095 	7,364 	
1,191,646 	Capital Works-in-Progress	889,661 	977,292 	10 	519,329 	440,603 	577,625 	
	Non-Produced Assets							
5,093,936 	Property, Plant and Equipment	5,217,066 	5,473,183 	5 	5,699,634 	5,907,768 	6,111,858 	
28,952 	Biological Assets	27,704 	27,704 	- 	27,704 	27,704 	27,704 	
176 	Other Non-Financial Assets	20 	23 	15 	26 	29 	32 	
19,128,395 	Total Non-Financial Assets	19,388,632 	20,660,621 	7 	21,432,795 	21,805,240 	22,216,793 	
								
23,532,599 	Total Assets	24,088,746 	25,195,006 	5 	26,101,839 	26,883,776 	27,719,806 	
								
	Liabilities							
- 	Deposits Held	15,181 	15,181 	- 	15,181 	15,181 	15,181 	
175,639 	Advances Received	185,720 	175,142 	-6 	169,541 	164,382 	158,526 	
	Borrowings							
19,907 	Finance Leases	28,133 	26,340 	-6 	24,528 	23,273 	22,364 	
1,752,401 	Other Borrowings	1,414,806 	1,866,253 	32 	2,160,086 	2,202,379 	2,193,576 	
4,283,164 	Superannuation	4,328,113 	4,578,849 	6 	4,825,409 	5,066,665 	5,301,126 	
576,480 	Other Employee Benefits and Provisions	568,609 	607,867 	7 	624,560 	653,981 	684,647 	
499,647 	Payables	670,822 	649,128 	-3 	663,048 	694,564 	748,590 	
22,343 	Other Liabilities	25,943 	28,148 	8 	28,888 	31,096 	31,740 	
								
7,329,581 	Total Liabilities	7,237,327 	7,946,908 	10 	8,511,241 	8,851,521 	9,155,750 	
								
16,203,018 	Net Assets	16,851,419 	17,248,098 	2 	17,590,598 	18,032,255 	18,564,056 	
								
8,379,971 	Accumulated Funds	8,475,609 	8,672,784 	2 	8,794,726 	9,005,939 	9,290,045 	
7,816,856 	Asset Revaluation Surplus	8,368,302 	8,567,809 	2 	8,788,366 	9,017,294 	9,264,988 	
6,191 	Other Reserves 	7,508 	7,505 	.. 	7,506 	9,022 	9,023 	
								
16,203,018 	Net Worth	16,851,419 	17,248,098 	2 	17,590,598 	18,032,255 	18,564,056 	
								
-2,925,377 	Net Financial Worth	-2,537,213 	-3,412,523 	-34 	-3,842,197 	-3,772,985 	-3,652,737 	
3,538,980 	Net Financial Liabilities	3,086,748 	3,992,031 	29 	4,432,400 	4,389,386 	4,279,579 	
-1,439,767 	Net Debt (including Superannuation related Investments)	-1,978,922 	-1,397,050 	29 	-1,253,935 	-1,561,463 	-1,987,966 	
835,717 	Net Debt (excluding Superannuation related Investments) 	321,501 	1,066,674 	232 	1,373,469 	1,228,876 	963,637 	

Table F.11
Australian Capital Territory
Consolidated Total Territory
Cash Flow Statement
2010-11	 	2010-11	2011-12	 	2012-13	2013-14	2014-15	
Budget		Est. Outcome	Budget	Var	Estimate	Estimate	Estimate	
$'000	 	$'000	$'000	%	$'000	$'000	$'000	
				
	Cash Flows from Operating Activities			
	Cash Receipts							
1,088,393 	Taxes Received	1,203,309 	1,193,978 	-1 	1,251,858 	1,311,082 	1,372,756 	
1,117,206 	Receipts from Sales of Goods and Services	964,841 	1,428,466 	48 	1,427,369 	1,417,416 	1,649,431 	
1,601,388 	Grants/Subsidies Received	1,575,099 	1,551,879	-1	1,575,039	1,646,882 	1,727,533 	
78,902 	Interest Receipts	131,180 	85,251 	-35 	86,516 	91,920 	103,591 	
368,311 	Other Receipts	463,622	462,133	..	446,743	457,291 	486,369 	
4,254,200 	Total Cash Received from  Operating Activities	4,338,051 	4,721,707 	9 	4,787,525 	4,924,591 	5,339,680 	
								
	Cash Payments 							
-1,631,127 	Payments for Employees	-1,632,426 	-1,758,924 	8 	-1,835,211 	-1,906,967 	-1,993,495 	
-855,270 	Payments for Goods and Services	-818,718 	-912,999 	12 	-939,181 	-963,539 	-1,033,768 	
-622,690 	Grants and Subsidies Paid	-643,541 	-652,574 	1 	-644,869 	-661,698 	-687,097 	
-71,736 	Interest Paid	-66,114 	-92,568 	40 	-121,645 	-131,727 	-130,480 	
-669,737 	Other Payments	-565,533 	-731,866 	29 	-707,543 	-648,982 	-784,845 	
-3,850,560 	Total Cash Paid from Operating Activities	-3,726,332 	-4,148,931 	11 	-4,248,449 	-4,312,913 	-4,629,685 	
403,640 	Net Cash Flows from Operating Activities	611,719 	572,776 	-6 	539,076 	611,678 	709,995 	
								
	Cash Flows from Investing Activities			
	Cash Flows from Investments in Non-Financial Assets			
32,396 	Sales of Non-Financial Assets	41,964 	44,439 	6 	34,136 	81,985 	93,747 	
-1,288,822 	Purchase of Non-Financial Assets	-1,175,155 	-1,313,146 	12 	-820,030 	-466,420 	-453,604 	
-1,256,426 	Net Cash Flows from Investments in Non-Financial Assets	-1,133,191 	-1,268,707 	12 	-785,894 	-384,435 	-359,857 	
								
	Cash Flows from Investments in Financial Assets for Policy Purposes			
	Cash Receipts							
690 	Repayment of Loans	612 	577 	-6 	2,683 	2,680 	2,628 	
690 	Total Cash Received from Investment in Financial Assets for Policy Purposes	612 	577 	-6 	2,683 	2,680 	2,628 	
								
	Cash Payments							
-10,360 	Issue of Loans	-10,360 	-52,770 	409 	-480 	-240 	-240 	
-10,360 	Total Cash Paid from Investment  in Financial Assets for Policy Purposes	-10,360 	-52,770 	409 	-480 	-240 	-240 	
-9,670 	Net Cash Flows from Investments in Financial Assets for Policy Purposes	-9,748 	-52,193 	435 	2,203 	2,440 	2,388 	

Table F.11
Australian Capital Territory
Consolidated Total Territory
Cash Flow Statement
2010-11	 	2010-11	2011-12	 	2012-13	2013-14	2014-15	
Budget		Est. Outcome	Budget	Var	Estimate	Estimate	Estimate	
$'000	 	$'000	$'000	%	$'000	$'000	$'000	
				
	Cash Flows from Investments in Financial Assets for Liquidity Purposes			
331,637 	Sales of Investments	446,950 	286,828 	-36 	106,146 	44,234 	40,858 	
-97,662 	Purchase of Investments  	-182,471 	-163,862 	-10 	-190,983 	-276,654 	-387,509 	
233,975 	Cash Flows from Investments in Financial Assets for Liquidity Purposes	264,479 	122,966 	-54 	-84,837 	-232,420 	-346,651 	
-1,032,121 	Net Cash Flows from Investing Activities	-878,460 	-1,197,934 	36 	-868,528 	-614,415 	-704,120 	
								
	Cash Flows from Financing Activities			
	Cash Receipts							
524,777 	Borrowings	274,903 	435,259 	58 	285,216 	33,795 	785 	
- 	Other Financing	- 	2,621 	# 	- 	- 	- 	
524,777 	Total Cash Received from Financing Activities	274,903 	437,880 	59 	285,216 	33,795 	785 	
								
	Cash Payments							
-12,552 	Borrowings	-4,479 	-1,668 	-63 	-4,410 	-1,000 	-19,417 	
-12,552 	Total Cash Paid from Financing Activities	-4,479 	-1,668 	-63 	-4,410 	-1,000 	-19,417 	
512,225 	Net Cash Flows from Financing Activities	270,424 	436,212 	61 	280,806 	32,795 	-18,632 	
								
-116,256 	Net Increase/(Decrease) in Cash Held	3,683 	-188,946 	# 	-48,646 	30,058 	-12,757 	
								
590,100 	Cash and Cash Equivalents at the Beginning of Reporting Period	482,689 	486,372 	1 	297,426 	248,780 	278,838 	
473,844 	Cash and Cash Equivalents at the End of Reporting Period	486,372 	297,426 	-39 	248,780 	278,838 	266,081 	
								
	Key Fiscal Aggregates							
403,640 	Net Cash from Operating Activities	611,719 	572,776 	-6 	539,076 	611,678 	709,995 	
-1,256,426 	Investments in Non-Financial Assets	-1,133,191 	-1,268,707 	12 	-785,894 	-384,435 	-359,857 	
-852,786 	Cash Surplus (+) / Deficit (-)	-521,472 	-695,931 	33 	-246,818 	227,243 	350,138 	
	A positive number denotes a cash inflow, a negative sign denotes a cash outflow			
								
	Derivation of ABS GFS Cash Surplus/Deficit			
-852,786 	Cash Surplus (+) / Deficit (-)	-521,472 	-695,931 	33 	-246,818 	227,243 	350,138 	
- 	Acquisitions Under Finance Leases and Similar Arrangements (a)	- 	- 	- 	- 	- 	- 	
								
-852,786 	ABS GFS Cash Surplus (+) / Deficit (-) Including Finance and Similar Arrangements	-521,472 	-695,931 	33 	-246,818 	227,243 	350,138 	
	(a) Finance leases are shown with a negative sign as they are deducted in compiling the ABS GFS cash surplus/deficit 	

Table F.12
Australian Capital Territory
Consolidated Total Territory
Statement of Changes in Equity
2010-11	 	2010-11	2011-12	 	2012-13	2013-14	2014-15	
Budget		Est. Outcome	Budget	Var	Estimate	Estimate	Estimate	
$'000	 	$'000	$'000	%	$'000	$'000	$'000	
								
	Opening Equity							
8,332,721 	Opening Accumulated Funds	7,700,834 	8,475,609 	10 	8,672,784 	8,794,726 	9,005,939 	
7,622,118 	Opening Asset Revaluation Surplus	8,071,996 	8,368,302 	4 	8,567,809 	8,788,366 	9,017,294 	
6,192 	Opening Other Reserves	6,538 	7,508 	15 	7,505 	7,506 	9,022 	
15,961,031 	Opening Balance	15,779,368 	16,851,419 	7 	17,248,098 	17,590,598 	18,032,255 	
								
	Comprehensive Income							
	Included in Accumulated Funds:							
25,250 	Operating Result for the Period	195,051 	175,170 	-10 	99,937 	188,484 	261,217 	
- 	Superannuation Prior Year Actuarial Movement	558,819 	- 	-100 	- 	- 	- 	
- 	Other Comprehensive Income	5 	5 	- 	5 	729 	889 	
	Included in Asset Revaluation Surplus:							
216,738 	Increase/(Decrease) in Asset Revaluation Surplus	317,206 	221,507 	-30 	242,557 	250,928 	269,694 	
	Included in Other Reserves:							
-1 	Increase/(Decrease) in Other Reserves	970 	-3 	-100 	1 	1,516 	1 	
241,987 	Total Comprehensive Income	1,072,051 	396,679 	-63 	342,500 	441,657 	531,801 	
								
	Other							
22,000 	Transfer to/(from) Accumulated Funds	20,900 	22,000 	5 	22,000 	22,000 	22,000 	
-22,000 	Movement in Asset Revaluation Surplus	-20,900 	-22,000 	-5 	-22,000 	-22,000 	-22,000 	
0 	Total Other	0 	0 	- 	0 	0 	0 	
								
	Closing Equity							
8,379,971 	Closing Accumulated Funds	8,475,609 	8,672,784 	2 	8,794,726 	9,005,939 	9,290,045 	
7,816,856 	Closing Asset Revaluation Surplus	8,368,302 	8,567,809 	2 	8,788,366 	9,017,294 	9,264,988 	
6,191 	Closing Other Reserves	7,508 	7,505 	.. 	7,506 	9,022 	9,023 	
16,203,018 	Balance at the End of the Reporting Period	16,851,419 	17,248,098 	2 	17,590,598 	18,032,255 	18,564,056 	

Table F.13
General Government Sector Taxes
	2010-11	2011-12	2012-13	2013-14	2014-15	
	Est.Outcome	Budget	Estimate	Estimate	Estimate	
	$'000	$'000	$'000	$'000	$'000	
						
Taxes on Employer's Payroll and Labour Force	291,561	313,256	332,849	354,136	376,800	
Taxes on Property						
Land Taxes	109,339	115,046	120,217	125,518	130,951	
Stamp Duties on Financial and Capital Transactions	-	-	-	-	-	
Financial Institutions' Transactions Taxes	-	-	-	-	-	
Other	572,172	527,026	548,149	570,757	588,623	
Total Taxes on Property	681,511	642,072	668,366	696,275	719,574	
						
Taxes on the Provision of Goods and Services			
Excises and Levies	-	-	-	-	-	
Taxes on Gambling	52,055	53,076	54,407	55,771	57,170	
Taxes on Insurance	58,882	61,255	63,669	66,177	68,785	
Total Taxes on the Provisions of Goods and Services	110,937	114,331	118,076	121,948	125,955	
						
Taxes on Use of Goods and Performance of Activities			
Motor Vehicle Taxes	119,396	126,996	134,167	141,751	149,771	
Franchise Taxes	-	-	-	-	-	
Other	49,599	51,961	53,994	56,097	58,340	
Total Taxes on Use of Goods and Performance of Activities	168,995	178,957	188,161	197,848	208,111	
						
Total Taxation Revenue	1,253,004	1,248,616	1,307,452	1,370,207	1,430,440	

Table F.14
General Government Sector Grant Revenue
	2010-11	2011-12	2012-13	2013-14	2014-15	
	Est.Outcome	Budget	Estimate	Estimate	Estimate	
	$'000	$'000	$'000	$'000	$'000	
			
Current Grant Revenue			
Current Grants from the Commonwealth						
GST Revenue and Municipal Grant	881,176	916,116	968,868	1,024,595	1,083,295	
Non-Government School Grants	52,347	56,090	60,246	64,811	69,668	
Other Contributions and Grants	501,133	520,368	527,624	542,659	570,130	
Total Current Grant Revenue	1,434,656	1,492,574	1,556,738	1,632,065	1,723,093	
						
Capital Grant Revenue						
Capital Grants from the Commonwealth						
Non-Government School Grants	2,925	4,063	3,830	4,236	-	
Other Contributions and Grants	196,587	131,854	136,770	131,727	135,818	
Total Capital Grant Revenue	199,512	135,917	140,600	135,963	135,818	
						
Total Grant Revenue	1,634,168	1,628,491	1,697,338	1,768,028	1,858,911	

Table F.15
General Government Sector Grant Expense
	2010-11	2011-12	2012-13	2013-14	2014-15	
	Est.Outcome	Budget	Estimate	Estimate	Estimate	
	$'000	$'000	$'000	$'000	$'000	
			
Current Grant Expense			
Private and Not-for-Profit Sector	227,302	254,263	229,483	242,482	259,969	
Non-Government School Grants	52,347	56,090	60,246	64,811	69,668	
Grants to Other Sectors of Government	415,183	401,977	410,259	408,427	414,479	
Total Current Grant Expense	694,832	712,330	699,988	715,720	744,116	
						
Capital Grant Expense						
Private and Not-for-Profit Sector	24,932	20,023	23,701	21,314	25,569	
Non-Government School Grants	2,925	4,063	3,830	4,236	0	
Grants to Other Sectors of Government	158	405	0	1,000	0	
Total Capital Grant Expense	28,015	24,491	27,531	26,550	25,569	
						
Total Grant Expense	722,847	736,821	727,519	742,270	769,685	

Table F.16
General Government Sector Dividend and 
Income Tax Equivalent Income
	2010-11	2011-12	2012-13	2013-14	2014-15	
	Est.Outcome	Budget	Estimate	Estimate	Estimate	
	$'000	$'000	$'000	$'000	$'000	
						
Dividend from PNFC Sector	97,352	207,664	213,818	219,733	247,068	
Dividends from Superannuation Investments	105,446	66,999	68,114	72,486	76,825	
Income Tax Equivalent	77,569	105,940	94,960	97,038	109,447	
						
Total GGS Dividend and Income Tax Equivalent Income	280,367	380,603	376,892	389,257	433,340	

Table F.17
General Government Sector Expenses by Function
		2010-11	2011-12	2012-13	2013-14	2014-15	
		Est.Outcome	Budget	Estimate	Estimate	Estimate	
		$'000	$'000	$'000	$'000	$'000	
							
01	General Public Services	350,418	416,124	470,726	502,910	560,505	
03	Public Order and Safety	323,921	341,286	341,784	341,867	344,218	
04	Education	881,925	882,325	905,588	927,415	946,966	
05	Health	985,128	1,068,786	1,113,237	1,187,566	1,256,283	
06	Social Security 	201,451	221,487	222,103	224,607	232,596	
07	Housing and Community Amenities	205,867	208,467	185,769	176,128	178,646	
08	Recreation and Culture	112,187	111,764	110,566	114,658	112,679	
09	Fuel and Energy	16,422	15,243	14,714	16,952	17,720	
10	Agriculture, Forestry, Fishing and Hunting	4,328	3,637	3,458	3,496	3,569	
11	Mining and Mineral Resources Other than Fuels, Manufacturing and Construction	16,846	19,673	20,299	20,335	20,173	
12	Transport and Communications	267,680	259,979	259,543	256,136	258,845	
13	Other Economic Affairs	85,649	82,540	81,317	75,012	72,462	
14	Other Purposes	409,858	466,563	500,150	531,834	551,228	
							
	Total Expenses	3,861,678	4,097,874	4,229,253	4,378,917	4,555,891	

Table F.18
General Government Sector Expenses by Function
		2010-11	2011-12	2012-13	2013-14	2014-15	
		Est.Outcome	Budget	Estimate	Estimate	Estimate	
		$'000	$'000	$'000	$'000	$'000	
01	General Public Services	350,418	416,124	470,726	502,910	560,505	
011	Government Superannuation Benefits	0	0	0	0	0	
019	Other General Public Services	350,418	416,124	470,726	502,909	560,505	
							
03	Public Order and Safety	323,921	341,286	341,784	341,867	344,218	
031	Police and Fire Protection Services	199,815	207,896	208,302	208,012	208,937	
0311	Police Services	140,197	142,275	142,660	142,794	142,897	
0312	Fire Protection Services	59,618	65,621	65,642	65,218	66,040	
032	Law Courts and Legal Services	53,370	59,660	61,312	61,126	61,973	
033	Prisons and Corrective Services	54,538	62,835	61,333	61,871	62,261	
039	Other Public Order and Safety	16,199	10,895	10,836	10,858	11,047	
							
04	Education	881,925	882,325	905,588	927,415	946,966	
041	Primary and Secondary Education	709,839	707,922	728,537	746,241	761,050	
0411	Primary Education	344,530	343,759	353,825	362,200	369,219	
0412	Secondary Education 	365,309	364,163	374,712	384,042	391,831	
0419	Primary and Secondary Education n.e.c.	0	0	0	0	0	
042	Tertiary Education	118,521	121,663	123,369	126,922	130,273	
0421	University Education	25,371	27,426	29,133	31,214	32,993	
0422	Technical and Further Education	93,150	94,237	94,236	95,708	97,280	
0429	Tertiary Education n.e.c.	0	0	0	0	0	
043	Pre-School Education and Education not Definable by Level	49,427	50,845	52,032	52,775	53,950	
0431	Pre-School Education 	27,414	27,929	28,633	29,041	29,650	
0432	Special Education	22,012	22,916	23,400	23,733	24,300	
0439	Other Education not Definable by Level	0	0	0	0	0	
044	Transportation of Students	4,138	1,894	1,650	1,477	1,693	
0441	Transportation of Non-Urban School Children	0	0	0	0	0	
0449	Transportation of Other Students 	4,138	1,894	1,650	1,477	1,693	
049	Education n.e.c.	0	0	0	0	0	
							
05	Health	985,128	1,068,786	1,113,237	1,187,566	1,256,283	
051	Acute Care Institutions	694,260	749,450	788,121	840,023	888,792	
0511	Admitted Patient Services in Acute Care Institutions	514,220	555,676	584,910	623,721	659,568	
0512	Non-Admitted Patient Services in Acute Care Institutions	180,039	193,774	203,211	216,303	229,224	
052	Mental Health Institutions	6,934	7,496	8,018	8,617	9,110	
053	Nursing Homes for the Aged 	0	0	0	0	0	
054	Community Health Services	183,247	202,703	203,986	218,239	230,957	
0541	Community Mental Health	44,144	48,462	48,527	52,927	56,628	
0542	Patient Transport	36,161	41,477	41,574	41,366	41,926	
0549	Other Community Health Services	102,943	112,764	113,885	123,946	132,404	
055	Public Health Services	33,531	36,776	37,272	40,226	43,017	
056	Pharmaceutical, Medical Aids and Appliances	18,259	19,856	20,569	21,866	23,099	
057	Health Research	4,806	5,198	5,524	5,921	6,257	
059	Health Administration n.e.c.	44,090	47,308	49,746	52,674	55,052	

Table F.18
General Government Sector Expenses by Function
		2010-11	2011-12	2012-13	2013-14	2014-15	
		Est.Outcome	Budget	Estimate	Estimate	Estimate	
		$'000	$'000	$'000	$'000	$'000	
06	Social Security 	201,451	221,487	222,103	224,607	232,596	
061	Social Security 	0	0	0	0	0	
062	Welfare Services	201,451	221,487	222,103	224,607	232,596	
0621	Family and Children Services	88,557	95,955	97,063	97,453	98,949	
0622	Welfare Services for the Aged	21,871	24,984	27,377	24,732	27,061	
0623	Welfare Services for People with a Disability	76,218	84,680	81,592	86,180	90,128	
0629	Welfare Services n.e.c.	14,805	15,870	16,071	16,243	16,458	
069	Social Security and Welfare n.e.c.	0	0	0	0	0	
							
07	Housing and Community Amenities	205,867	208,467	185,769	176,128	178,646	
071	Housing and Community Development	156,176	150,296	128,808	119,771	121,205	
0711	Housing	108,510	98,520	81,092	74,283	74,876	
0712	Aboriginal Community Development	0	0	0	0	0	
0719	Other Community Development	47,666	51,776	47,716	45,488	46,330	
072	Water Supply	14,901	13,833	13,903	14,079	14,440	
0721	Aboriginal Community Water Supply	0	0	0	0	0	
0729	Other Water Supply	14,901	13,833	13,903	14,079	14,440	
073	Sanitation and Protection of the Environment 	22,176	31,329	29,780	29,009	29,352	
0731	Aboriginal Community Sanitation	0	0	0	0	0	
0739	Other Sanitation and Protection of the Environment	22,176	31,329	29,780	29,009	29,352	
079	Other Community Amenities	12,613	13,009	13,278	13,269	13,648	
0791	Aboriginal Community Amenities	0	0	0	0	0	
0799	Other Community Amenities	12,613	13,009	13,278	13,269	13,648	
							
08	Recreation and Culture	112,187	111,764	110,566	114,658	112,679	
081	Recreation Facilities and Services	70,552	73,562	71,978	75,256	72,504	
0811	National Parks and Wildlife	11,374	12,549	8,660	12,706	12,893	
0819	Recreation Facilities and Services n.e.c.	59,178	61,013	63,318	62,550	59,611	
082	Cultural Facilities and Services	41,631	38,201	38,586	39,400	40,175	
083	Broadcasting and Film Production	4	2	2	2	0	
089	Recreation and Culture n.e.c.	0	0	0	0	0	
							
09	Fuel and Energy	16,422	15,243	14,714	16,952	17,720	
091	Fuel Affairs and Services	55	79	85	92	99	
0911	Gas	55	79	85	92	99	
0919	Fuel Affairs and Services n.e.c.	0	0	0	0	0	
092	Electricity and Other Energy	3,312	7,673	8,269	8,919	9,631	
0921	Aboriginal Community Electricity 	0	0	0	0	0	
0922	Other Electricity 	3,312	7,673	8,269	8,919	9,631	
0929	Other Energy	0	0	0	0	0	
099	Fuel and Energy n.e.c.	13,056	7,491	6,360	7,941	7,989	
							
10	Agriculture, Forestry, Fishing and Hunting	4,328	3,637	3,458	3,496	3,569	
101	Agriculture	3,256	2,889	2,847	2,856	2,892	
102	Forestry, Fishing and Hunting	1,072	748	611	640	676	
							
11	Mining and Mineral Resources other than Fuels, Manufacturing and Construction	16,846	19,673	20,299	20,335	20,173	
111	Mining and Mineral Resources other than Fuels	0	0	0	0	0	
112	Manufacturing 	0	0	0	0	0	
113	Construction	16,846	19,673	20,299	20,335	20,173	

Table F.18
General Government Sector Expenses by Function
		2010-11	2011-12	2012-13	2013-14	2014-15	
		Est.Outcome	Budget	Estimate	Estimate	Estimate	
		$'000	$'000	$'000	$'000	$'000	
12	Transport and Communications	267,680	259,979	259,543	256,136	258,845	
121	 Road Transport	243,429	234,885	235,436	233,931	237,752	
1211	Aboriginal Community Transport	0	0	0	0	0	
1212	Road Maintenance	165,926	158,477	160,435	161,874	164,293	
1213	Road Rehabilitation	0	0	0	0	0	
1214	Road Construction	0	0	0	0	0	
1219	Road Transport n.e.c.	77,503	76,407	75,001	72,056	73,458	
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	
1223	Non‑Urban Water Transport Services 	0	0	0	0	0	
123	Rail Transport	4,397	5,442	4,059	3,634	3,636	
1231	Urban Rail Transport Services	4,397	5,442	4,059	3,634	3,636	
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	8,970	2,936	2,652	2,381	2,231	
1281	Multi-Mode Urban Transport	8,970	2,936	2,652	2,381	2,231	
1289	Other Transport n.e.c.	0	0	0	0	0	
129	Communication	10,884	16,716	17,396	16,190	15,227	
							
13	Other Economic Affairs	85,649	82,540	81,317	75,012	72,462	
131	Storage, Saleyards and Markets	0	0	0	0	0	
132	Tourism and Area Promotion	30,478	28,191	28,004	30,410	27,730	
133	Labour and Employment Affairs	40,732	40,826	40,150	31,535	31,379	
1331	Vocational Training	32,359	31,836	30,894	22,050	21,659	
1339	Other Labour and Employment Affairs	8,373	8,989	9,256	9,485	9,720	
139	Other Economic Affairs	14,438	13,523	13,163	13,067	13,353	
							
14	Other Purposes	409,858	466,563	500,150	531,834	551,228	
141	Public Debt Transactions	320,235	387,163	412,797	439,752	454,534	
142	General Purpose Inter-Government Transactions	86,311	76,085	84,095	88,696	94,274	
143	Natural Disaster Relief	0	0	0	0	0	
149	Other Purposes n.e.c	3,312	3,315	3,258	3,386	2,420	
							
	Total Expenses	3,861,678	4,097,874	4,229,253	4,378,917	4,555,891	

Table F.19
General Government Sector
Purchases of Non-Financial Assets by Function
		2010-11	2011-12	2012-13	2013-14	2014-15	
		Est.Outcome	Budget	Estimate	Estimate	Estimate	
		$'000	$'000	$'000	$'000	$'000	
							
01	General Public Services	231,769	373,232	298,697	229,407	282,552	
03	Public Order and Safety	44,950	44,056	3,700	3,339	3,303	
04	Education	228,995	120,697	98,166	56,463	19,296	
05	Health	154,886	290,034	206,949	15,790	12,751	
06	Social Security 	1,974	2,074	1,248	228	236	
07	Housing and Community Amenities	16,926	13,132	1,315	788	752	
08	Recreation and Culture	13,178	15,288	8,154	4,508	3,107	
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	1,700	2,061	1,122	1,125	1,126	
12	Transport and Communications	102,929	103,600	79,447	62,279	41,073	
13	Other Economic Affairs	15,157	14,431	13,441	12,612	11,983	
14	Other Purposes	0	0	0	0	0	
							
	Purchases of Non‑Financial Assets	812,465	978,606	712,238	386,540	376,178	

Loan Council Allocation
The ACT’s Loan Council Allocation (LCA) agreed to at the 2011 Loan Council meeting was $279 million, based on an accrual Government Finance Statistics cash surplus of $280 million.
The nomination established a tolerance limit for the Budget‑time estimate of between $186 million and $372 million (+/- 2 per cent of total public sector receipts).
The Budget‑time estimate has been revised to $738 million, and now breaches the upper LCA nomination tolerance limit by $366 million.  The variance largely reflects the rollover of capital works from 2010‑11 to 2011‑12, and expenditure on new policy initiatives.

Table F.20
Loan Council Allocations
		Loan Council	Budget‑Time	
		Nomination	Estimate	
		$'m	$'m	
				
	GGS Cash Deficit/(Surplus) (a)	48	339	
	PNFC Sector Cash Deficit/(Surplus) (a)	233	357	
	NFPS Sector Cash Deficit/(Surplus) (a) (b)	280	696	
	Acquisition under Finance Leases and Similar Arrangements (a)	-	-	
equals	ABS GFS Cash Deficit/(Surplus) (a) (b)	280	696	
less	Net Cash Flows from Investments in Financial Assets for Policy Purposes (c)	-7	-52	
	Adjusted NFPS Sector Cash Deficit/(Surplus)	287	748	
				
plus	Memorandum Items (d)	-8	-10	
 	Loan Council Allocation	279	738	
				
(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 intersectoral 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 public sector receipts ($4.651 billion) +/- $93 million.	
	Budget - 2 per cent of public sector receipts ($4.722 billion) +/- $94 million.