2007‑08 AAS FINANCIAL STATEMENTS
Table E.1	
Australian Capital Territory	
General Government Sector	
Operating Statement
	
2006-07					2006-07	2007-08		2008-09	2009-10	2010-11	
Budget					Est.Outcome	Budget	Var	Estimate	Estimate	Estimate	
$'000					$'000	$'000	%	$'000	$'000	$'000	
											
		Revenue								
826,111		     Taxation Revenue	881,955	924,146	5 	977,354	1,026,173	1,081,688	
1,203,644		     Australian Government Grants	1,202,830	1,284,883	7	1,333,265	1,387,118	1,442,688	
37,890		     Contributed Assets	29,917	58,396	95	46,427	46,962	51,126	
319,029		     Sales of Goods and Services	324,929	325,096	.. 	338,238	349,748	358,027	
91,231		     Interest Income	114,679	110,725	-3 	112,199	125,407	141,688	
115,125		     Dividend and Income Tax Equivalent     Income 	132,072	188,080	42 	135,577	142,608	153,239	
132,577		     Other		145,033	141,701	-2 	146,885	153,361	159,672	
2,725,607		Total Revenue	2,831,415	3,033,027	7 	3,089,945	3,231,377	3,388,128	
											
		Expenses								
992,807		     Employee Expenses	1,012,478	1,055,582	4 	1,092,719	1,129,975	1,171,684	
197,818		     Superannuation Current Cost	186,547	210,176	13 	217,745	224,734	231,426	
168,176		     Nominal Superannuation Interest Expense	173,471	191,710	11 	208,458	225,535	242,873	
179,702		     Depreciation and Amortisation	173,198	183,251	6 	194,984	196,227	198,101	
608,928		     Supplies and Services	565,737	614,611	9 	650,722	698,343	735,937	
139,772		     Other Operating Expenses	171,070	162,399	-5 	157,987	163,341	168,610	
52,718		     Interest Expense	56,798	47,771	-16 	51,136	54,150	56,640	
533,189		     Grants		521,079	554,012	6 	572,894	593,742	611,631	
2,873,110		Total Expenses	2,860,378	3,019,512	6 	3,146,645	3,286,047	3,416,902	
											
-147,504		Operating Balance from Transactions	-28,963	13,515	147 	-56,700	-54,670	-28,774	
											
		Other Economic Flows - included in operating result			
-13,086		     Net Gain on Sale of Non-Financial Assets	-10,875	100	101 	100	100	104	
71,780		     Net Gain on Financial Assets or Liabilities at Fair Value	171,057	89,459	-48 	108,254	118,975	130,234	
72,450		     Land Revenue (accrual revenue)	71,515	189,660	165 	120,997	107,377	119,420	
0		     Bad Debts Written Off	-2,507	-1,411	44 	-1,455	-1,501	-1,548	
											
-16,359		Operating Result	200,227	291,323	45 	171,196	170,281	219,436	
											
		Operating Balance from Transactions less Net Acquisition / (Disposal) of 
Non-Financial Assets from Transactions	
			
420,919		     Purchases of Non-Financial Assets	319,400	508,094	59 	274,525	213,017	151,656	
-2,645		     Sales of Non-Financial Assets	-2,623	-100	96 	-100	-100	-100	
-72,450		     Land Receipts (cash receipts)	-71,515	-189,660	-165 	-120,997	-107,377	-119,420	
-179,702		     Depreciation	-173,198	-183,251	-6 	-194,984	-196,227	-198,101	
37,767		     Other Movements in Non-Financial Assets	29,794	58,271	96 	46,300	46,832	50,996	
											
-351,393		Net Lending / (Borrowing)	-130,821	-179,839	-37 	-61,444	-10,815	86,195	
											
		RECONCILIATION OF OPERATING BALANCE FROM TRANSACTIONS 
TO NET OPERATING BALANCE	
											
-147,504		     Operating Balance from Transactions	-28,963	13,515	147 	-56,700	-54,670	-28,774	
67,180		     Expected Long Term Capital Gains on Superannuation Investments	68,229	89,459	31 	108,254	118,975	130,234	
											
-80,324		NET OPERATING BALANCE	39,266	102,974	162 	51,554	64,305	101,460	

Table E.2	
Australian Capital Territory	
General Government Sector	
Balance Sheet
	
Budget 						Est.Outcome	Budget		Planned	Planned	Planned	
as at 30/6/07						as at 30/6/07	as at 30/6/08	Var	as at 30/6/09	as at 30/6/10	as at 30/06/11	
$'000						$'000	$'000	%	$'000	$'000	$'000	
												
		Financial Assets							
80,452			Cash and Deposits	129,044	92,950	-28 	104,031	119,398	136,851	
383,164			Advances Paid	393,293	489,705	25 	579,037	631,400	662,678	
2,464,142			Investments, Loans and Placements	2,814,762	2,970,437	6 	3,234,370	3,599,750	4,070,273	
229,958			Receivables	212,272	236,436	11 	271,446	286,347	300,733	
		Equity								
4,434,631			Investments in Public Sector Entities	4,851,603	5,109,815	5 	5,413,231	5,733,003	6,046,832	
7,592,347		Total Financial Assets	8,400,974	8,899,343	6 	9,602,115	10,369,898	11,217,367	
												
		Non-Financial Assets							
		Land and Other Fixed Assets							
6,180,755			Property, Plant and Equipment	6,203,720	6,348,495	2 	6,779,429	6,863,774	6,911,742	
26,588			Intangibles		26,500	25,126	-5 	23,685	17,383	12,597	
10,707			Inventories		11,038	11,088	.. 	11,138	11,188	11,238	
227,322			Capital Works-in-Progress	169,180	405,082	139 	102,346	87,349	54,152	
		Other Non-Financial Assets							
117,186			Other		44,913	39,913	-11 	29,133	29,132	29,131	
6,562,558		Total Non-Financial Assets	6,455,351	6,829,704	6 	6,945,731	7,008,826	7,018,860	
												
14,154,905		Total Assets		14,856,325	15,729,047	6 	16,547,846	17,378,724	18,236,227	
												
		Liabilities								
186,413			Deposits Held	22,996	35,397	54 	35,223	34,345	35,602	
104,657			Advances Received	104,657	101,883	-3 	99,008	96,030	92,942	
579,749			Borrowings		585,482	630,554	8 	684,250	721,714	727,420	
101,399			Finance Leases	29,451	15,508	-47 	8,785	7,383	9,743	
3,181,475			Superannuation Liability	3,195,170	3,474,306	9 	3,758,917	4,047,887	4,340,246	
295,484			Other Employee Entitlements 
and Provisions	309,307	327,482	6 	346,550	362,388	382,338	
141,285			Payables		268,978	277,069	3 	292,299	301,111	311,795	
5,362			Other Liabilities	9,270	7,900	-15 	7,923	7,922	7,932	
												
4,595,824		Total Liabilities	4,525,311	4,870,099	8 	5,232,955	5,578,780	5,908,018	
												
9,559,081		Net Assets		10,331,014	10,858,948	5 	11,314,891	11,799,944	12,328,209	
												
4,434,611			Equity in Public Trading Entities	4,851,583	5,109,795	5 	5,413,211	5,732,983	6,046,812	
4,423,343			Accumulated Funds	4,654,169	4,923,891	6 	5,076,418	5,241,699	5,456,135	
699,523			Asset Revaluation Reserve	821,487	821,487	- 	821,487	821,487	821,487	
1,603			Other Reserve	3,775	3,775	- 	3,775	3,775	3,775	
												
9,559,081		Net Worth	10,331,014	10,858,948	5 	11,314,891	11,799,944	12,328,209	
												
2,996,523		Net Financial Worth	3,875,663	4,029,244	4 	4,369,160	4,791,118	5,309,349	
-2,158,338		Net Debt (including superannuation related investments)	-2,594,513	-2,769,750	-7 	-3,090,172	-3,491,076	-4,004,095	
41,981		Net Debt (excluding superannuation related investments) 	-519,124	-458,594	12 	-546,585	-702,673	-958,294	

Table E.3	
Australian Capital Territory	
General Government Sector	
Cash Flow Statement
	
2006-07					2006-07	2007-08		2008-09	2009-10	2010-11	
Budget					Est.Outcome	Budget	Var	Estimate	Estimate	Estimate	
$'000					$'000	$'000	%	$'000	$'000	$'000	
											
		Cash Receipts from Operating Activities						
789,838		     Taxes Received	865,995	910,172	5 	925,078	994,198	1,051,945	
340,296		     Receipts from Sales of Goods and Services	350,595	364,915	4 	372,572	382,470	390,486	
1,215,240		     Grants/Subsidies Received	1,212,002	1,287,605	6 	1,343,433	1,400,656	1,456,564	
64,260		     Interest Receipts	113,970	109,739	-4 	112,221	124,906	141,047	
104,339		     Dividends and Income Tax Equivalents	117,777	174,696	48 	151,994	143,655	152,806	
208,512		     Other Receipts	257,463	267,055	4 	270,341	278,184	279,483	
2,722,485		Total Receipts	2,917,802	3,114,182	7 	3,175,639	3,324,069	3,472,331	
											
		Cash Payments for Operating Activities						
1,085,931		     Payments for Employees	1,094,545	1,161,308	6 	1,218,650	1,279,977	1,342,427	
712,110		     Payments for Goods and Services	660,455	700,288	6 	752,169	781,183	811,762	
553,947		     Grants and Subsidies Paid	540,515	576,528	7 	596,007	618,077	636,681	
53,642		     Interest Paid	61,925	44,229	-29 	45,076	50,806	54,609	
141,239		     Other Payments	199,904	204,970	3 	175,361	195,005	197,710	
2,546,869		Total Payments	2,557,344	2,687,323	5 	2,787,263	2,925,048	3,043,189	
175,616		Net Cash Flows from Operating Activities	360,458	426,859	18 	388,376	399,021	429,142	
											
		Cash Flows from Investments in Non-Financial Assets					
75,095		     Sales of Non-Financial Assets	74,138	189,760	156 	121,097	107,477	119,520	
420,919		     Purchases of Non-Financial Assets	319,400	508,094	59 	274,525	213,017	151,656	
-345,824		Net Cash Flows from Investments in Non-Financial Assets 	-245,262	-318,334	-30 	-153,428	-105,540	-32,136	
											
-14,667		Net Cash Flows from Investments in Financial Assets for Policy Purposes	-14,677	-32,433	-121 	-25,708	-17,154	-14,277	
											
-13,493		Net Cash Flows from Investments in Financial Assets for Liquidity Purposes	-166,059	-354,975	-114 	-129,209	-129,774	-127,724	
											
		Cash Flows from Financing Activities						
-21,238		     Borrowings (net)	-7,721	-44,965	-482 	-35,653	-7,036	-19,600	
2,382		     Other Financing (net)	3,057	0	-100 	0	0	0	
-18,856		Net Cash Flows from Financing Activities	-4,664	-44,965	-864 	-35,653	-7,036	-19,600	
											
-217,224		Net Increase/(Decrease) in Cash held	-70,204	-323,848	-361 	44,378	139,517	235,405	
											
592,923		Cash and Cash Equivalents at the Beginning of Reporting Period	976,259	906,054	-7 	582,206	626,584	766,101	
375,699		Cash and Cash Equivalents at the End of Reporting Period	906,054	582,206	-36 	626,584	766,101	1,001,506	
											
		Key Fiscal Aggregate							
175,616		     Net Cash from Operating Activities	360,458	426,859	18 	388,376	399,021	429,142	
-345,824		     Investments in Non-Financial Assets	-245,262	-318,334	-30 	-153,428	-105,540	-32,136	
											
-170,208		Surplus (+) / Deficit (-)	115,196	108,525	-6 	234,948	293,481	397,006	

Table E.4	
Australian Capital Territory	
General Government Sector	
Statement of Changes in Equity
	
2006-07						2006-07	2007-08		2008-09	2009-10	2010-11	
Budget						Est.Outcome	Budget	Var	Estimate	Estimate	Estimate	
$'000						$'000	$'000	%	$'000	$'000	$'000	
												
9,367,581		Opening Balance		9,445,351	10,331,014	9 	10,858,948	11,314,891	11,799,944	
												
		Accumulated Funds
							
0			Net Effect of a Correction for an Error	4,423	0	-100 	32	0	0	
0			Superannuation Prior Year Actuarial Movement	-47,806	0	100 	0	0	0	
-16,359			Operating Result for the Period	200,227	291,323	45 	171,196	170,281	219,436	
		
Reserves
								
3,741			Increase/(Decrease) in Asset Revaluation Reserve	31,221	0	-100 	0	0	0	
-1			Transfer to/from Reserves	-1	0	100 	0	0	0	
-12,619		Total Income and Expense for the Period	188,064	291,323	55 	171,228	170,281	219,436	
												
		Transactions Involving Equity Holders Affecting Accumulated Funds
		
-16,269			Capital Injections 	-16,057	-21,601	-35 	-18,701	-5,000	-5,000	
81,888			Inc/Dec in Net Assets due to Admin Restructure	81,239	0	-100 	0	0	0	
138,501			Inc/Dec in Net Assets of PTE Entities	632,417	258,212	-59 	303,416	319,772	313,829	
												
191,501		Comprehensive Result - Total Change in Net Worth	885,663	527,934	-40 	455,943	485,053	528,265	
												
9,559,081		Closing Balance		10,331,014	10,858,948	5 	11,314,891	11,799,944	12,328,209	

Table E.5	
Australian Capital Territory	
Public Trading Enterprise	
Operating Statement
	
2006-07					2006-07	2007-08		2008-09	2009-10	2010-11	
Budget					Est.Outcome	Budget	Var	Estimate	Estimate	Estimate	
$'000					$'000	$'000	%	$'000	$'000	$'000	
											
		Revenue								
94,320		     Government Payment for Outputs and Subsidies	93,772	94,842	1 	95,558	97,956	99,682	
19,650		     Grants 		20,292	19,789	-2 	20,140	20,008	20,212	
294,421		     Sales of Goods and Services	284,982	327,447	15 	344,698	357,474	370,434	
6,783		     Interest Income	7,822	6,339	-19 	5,513	5,936	6,506	
49,848		     Revenue from Associates and Joint Ventures	57,779	64,752	12 	72,659	71,607	70,970	
4,899		     Other		7,679	13,740	79 	5,022	5,077	5,132	
98,965		     Land Revenue (value add component)	113,353	192,180	70 	122,963	110,634	121,886	
568,886		Total Revenue	585,679	719,089	23 	666,553	668,692	694,822	
											
		Expenses								
75,345		     Employee Expenses	80,061	78,769	-2 	80,658	82,013	83,325	
12,989		     Superannuation Current Cost	12,309	11,507	-7 	11,886	12,240	12,526	
43,115		     Depreciation and Amortisation	41,296	50,870	23 	53,577	56,902	59,346	
93,838		     Supplies and Services	89,152	93,027	4 	93,616	95,525	97,409	
169,646		     Other Operating Expenses	152,492	222,539	46 	189,348	180,360	189,502	
30,928		     Interest Expense	32,535	33,884	4 	39,080	43,052	45,953	
24,302		     Other Property Expenses (income tax expense)	29,261	46,593	59 	32,254	40,136	49,465	
42,313		     Grants		33,960	60,399	78 	47,723	48,425	52,622	
492,476		Total Expenses	471,066	597,588	27 	548,142	558,653	590,148	
											
76,410		Operating Balance from Transactions	114,613	121,501	6 	118,411	110,039	104,674	
											
		Other Economic Flows - included in operating result					
2,874		     Net Gain on Sale of Non-Financial Assets	848	-6,716	-892 	-5,333	-5,395	-5,874	
0		     Bad Debts Written Off	-2,500	-1,305	48 	-1,249	-1,257	-1,263	
											
79,284		Operating Result	112,961	113,480	.. 	111,829	103,387	97,537	
											
		Operating Balance from Transactions less Net Acquisition / (Disposal) 
of Non-Financial Assets from Transactions	
			
96,443		     Purchases of Non-Financial Assets	87,761	133,476	52 	141,362	109,241	74,033	
-38,381		     Sales of Non-Financial Assets	-34,996	-28,656	18 	-30,151	-31,666	-31,666	
-93,265		     Land Receipts (cash receipts)	-87,921	-196,350	-123 	-113,243	-111,104	-115,806	
-43,115		     Depreciation	-41,296	-50,870	-23 	-53,577	-56,902	-59,346	
-37,767		     Other Movements in Non-Financial Assets	-29,794	-58,271	-96 	-46,300	-46,832	-50,996	
											
192,495		Net Lending / (Borrowing)*	220,859	322,172	46 	220,320	247,302	288,455	
											
		RECONCILIATION OF OPERATING BALANCE FROM TRANSACTIONS 
TO NET OPERATING BALANCE	
											
76,410		     Operating Balance from Transactions	114,613	121,501	6 	118,411	110,039	104,674	
											
76,410		NET OPERATING BALANCE	114,613	121,501	6 	118,411	110,039	104,674	
*The PTE Net Lending/(Borrowing) figures in this presentation differ to the Net Lending/(Borrowing) numbers presented in the UPF Statements in Appendix F, due to the required inclusion of dividend expenses un the UPF calculation.

Table E.6	
Australian Capital Territory	
Public Trading Enterprise	
Balance Sheet
	
Budget 						Est.Outcome	Budget		Planned	Planned	Planned	
as at 30/6/07						as at 30/6/07	as at 30/6/08	Var	as at 30/6/09	as at 30/6/10	as at 30/06/11	
$'000						$'000	$'000	%	$'000	$'000	$'000	
												
		Financial Assets							
59,409			Cash and Deposits	76,064	88,320	16 	87,800	91,107	94,605	
17,459			Investments, Loans and Placements	0	384	# 	384	384	384	
31,694			Receivables	72,260	53,806	-26 	54,468	45,153	45,854	
		Equity								
414,317			Investments Accounted for Using Equity Method	606,294	643,167	6 	640,274	633,158	626,863	
522,879		Total Financial Assets	754,618	785,677	4 	782,926	769,802	767,706	
												
		Non-Financial Assets							
		Land and Other Fixed Assets							
4,316,605			Property, Plant and Equipment	4,563,727	4,862,307	7 	5,243,833	5,594,430	5,941,565	
2,073			Intangibles		1,027	2,797	172 	2,756	2,242	1,728	
75,942			Inventories		119,036	117,645	-1 	136,048	159,366	181,112	
69,529			Assets Held for Sale	104,065	22,302	-79 	22,624	22,960	23,296	
50,479			Capital Works-in-Progress	18,147	65,555	261 	42,218	41,469	16,597	
		Other Non-Financial Assets							
28,325			Deferred Tax Assets	32,100	32,100	- 	32,100	32,100	32,100	
30,534			Other		443	443	- 	443	443	443	
4,573,487		Total Non-Financial Assets	4,838,545	5,103,149	5 	5,480,022	5,853,010	6,196,841	
												
5,096,366		Total Assets		5,593,163	5,888,826	5 	6,262,948	6,622,812	6,964,547	
												
		Liabilities								
905			Deposits Held	0	0	- 	0	0	0	
489,435			Advances Received	495,916	574,356	16 	652,467	685,087	701,214	
0			Borrowings		0	2,084	# 	3,500	4,691	5,866	
876			Finance Leases	874	215	-75 	88	11	0	
81,289			Other Employee Entitlements and Provisions	115,285	106,970	-7 	105,566	106,900	107,559	
72,620			Payables		80,452	25,602	-68 	26,293	29,295	29,330	
10,696			Current Tax Liability	15,407	28,347	84 	11,718	9,912	10,143	
3,301			Deferred Tax Liability	31,024	38,835	25 	47,483	53,861	63,551	
2,550			Other Liabilities	2,550	2,550	- 	2,550	0	0	
												
661,755		Total Liabilities	741,580	779,031	5 	849,737	889,829	917,735	
4,434,611		Shares and Contributed Assets	4,851,583	5,109,795	5 	5,413,211	5,732,983	6,046,812	
												
0		Net Assets		0	0	- 	0	0	0	
												
-4,434,611			Shares and Contributed Assets to the GGS Sector	-4,851,583	-5,109,795	-5 	-5,413,211	-5,732,983	-6,046,812	
2,033,715			Accumulated Funds	2,048,124	2,063,717	1 	2,112,924	2,140,839	2,161,601	
2,390,956			Asset Revaluation Reserve	2,793,619	3,036,238	9 	3,290,447	3,582,304	3,875,371	
9,940			Other Reserve	9,840	9,840	- 	9,840	9,840	9,840	
												
0		Net Worth		0	0	- 	0	0	0	
												
-138,876		Net Financial Worth	13,038	6,646	-49 	-66,811	-120,027	-150,029	
414,348		Net Debt 		420,726	487,951	16 	567,871	598,298	612,091	

Table E.7	
Australian Capital Territory	
Public Trading Enterprise	
Cash Flow Statement
	
2006-07						2006-07	2007-08		2008-09	2009-10	2010-11	
Budget						Est.Outcome	Budget	Var	Estimate	Estimate	Estimate	
$'000						$'000	$'000	%	$'000	$'000	$'000	
												
		Cash Receipts from Operating Activities						
299,626		     Receipts from Sales of Goods and Services		299,902	360,642	20 	366,083	377,432	391,737	
113,920		     Grants/Subsidies Received		114,064	114,631	.. 	115,698	117,963	119,894	
6,510		     Interest Receipts		7,833	6,339	-19 	5,513	5,936	6,506	
54,770		     Other Receipts		56,707	45,807	-19 	49,573	59,795	67,161	
474,826		Total Receipts		478,506	527,419	10 	536,867	561,126	585,298	
												
		Cash Payments for Operating Activities						
87,455		     Payments for Employees		90,073	88,918	-1 	91,694	93,808	95,400	
258,993		     Payments for Goods and Services		259,835	318,629	23 	340,401	319,281	335,558	
4,546		     Grants and Subsidies Paid		4,166	2,128	-49 	1,423	1,593	1,626	
31,288		     Interest Paid		32,824	31,498	-4 	37,664	41,860	44,778	
60,236		     Other Payments		61,529	70,915	15 	38,785	53,132	56,798	
442,518		Total Payments		448,427	512,088	14 	509,967	509,674	534,160	
32,308		Net Cash Flows from Operating Activities		30,079	15,331	-49 	26,900	51,452	51,138	
												
		Cash Flows from Investments in Non-Financial Assets						
204,096		     Sales of Non-Financial Assets		194,432	413,866	113 	264,391	250,147	266,892	
168,893		     Purchases of Non-Financial Assets		159,276	322,336	102 	262,359	216,618	193,453	
35,203		Net Cash Flows from Investments in Non-Financial Assets	35,156	91,530	160 	2,032	33,529	73,439	
												
16,269		Net Cash Flows from Investments in Financial Assets for Policy Purposes	15,906	21,601	36 	18,701	5,000	5,000	
												
13,128		Net Cash Flows from Investments in Financial Assets for Liquidity Purposes	42,183	-31,631	-175 	25,944	25,280	9,382	
												
		Cash Flows from Financing Activities						
-5,970		     Borrowings (net)		508	78,104	# 	78,071	32,579	16,088	
-104,339		     Distribution Paid		-117,777	-174,696	-48 	-151,994	-143,655	-152,806	
-2,382		     Other Financing (net)		-3,057	0	100 	0	0	0	
-112,691		Net Cash Flows from Financing Activities		-120,326	-96,592	20 	-73,923	-111,076	-136,718	
												
-15,783		Net Increase/(Decrease) in Cash Held		2,998	239	-92 	-346	4,185	2,241	
												
54,815		Cash and Cash Equivalents at the Beginning of Reporting Period	50,767	53,765	6 	54,004	53,658	57,843	
39,032		Cash and Cash Equivalents at the End of Reporting Period	53,765	54,004	.. 	53,658	57,843	60,084	
												
		Key Fiscal Aggregate								
32,308		     Net Cash from Operating Activities		30,079	15,331	-49 	26,900	51,452	51,138	
35,203		     Investments in Non-Financial Assets		35,156	91,530	160 	2,032	33,529	73,439	
-104,339		     Distribution Paid		-117,777	-174,696	-48 	-151,994	-143,655	-152,806	
												
-36,828		Surplus (+) / Deficit (-)		-52,542	-67,835	-29 	-123,062	-58,674	-28,229	

Table E.8	
Australian Capital Territory	
Public Trading Enterprise	
Statement of Changes in Equity
	
2006-07						2006-07	2007-08		2008-09	2009-10	2010-11	
Budget						Est.Outcome	Budget	Var	Estimate	Estimate	Estimate	
$'000						$'000	$'000	%	$'000	$'000	$'000	
												
0		Opening Balance		0	0	- 	0	0	0	
												
		Accumulated Funds
							
0			Net Effect of Change in Accounting Policy	-1,676	0	100 	0	0	0	
270			Net Effect of a Correction for an Error	3,553	-1	-100 	0	0	-1	
79,284			Operating Result for the Period	112,961	113,480	.. 	111,829	103,387	97,537	
		
Reserves
								
192,974			Increase/(Decrease) in Asset Revaluation Reserve	663,572	242,619	-63 	254,209	291,857	293,067	
22,000			Transfer to/from Reserves	22,000	22,000	- 	22,000	22,000	22,000	
294,528		Total Income and Expense for the Period	800,410	378,098	-53 	388,038	417,244	412,603	
												
		Transactions Involving Equity Holders Affecting Accumulated Funds
				
16,269			Capital Injections 	16,057	21,601	35 	18,701	5,000	5,000	
-81,888			Inc/Dec in Net Assets due to Admin Restructure	-81,239	0	100 	0	0	0	
-138,501			Inc/Dec in Net Assets of PTE Contributed to the GGS Sector	-632,417	-258,212	59 	-303,416	-319,772	-313,829	
-90,408			Dividend Approved	-102,811	-141,487	-38 	-103,323	-102,472	-103,774	
												
0		Comprehensive Result - Total Change in Net Worth	0	0	- 	0	0	0	
												
0		Closing Balance		0	0	- 	0	0	0	

Table E.9	
Australian Capital Territory	
Consolidated Total Territory	
Operating Statement
	
2006-07					2006-07	2007-08		2008-09	2009-10	2010-11	
Budget					Est.Outcome	Budget	Var	Estimate	Estimate	Estimate	
$'000					$'000	$'000	%	$'000	$'000	$'000	
											
		Revenue								
806,874		     Taxation Revenue	863,309	896,579	4 	947,540	996,745	1,050,873	
1,204,138		     Australian Government Grants	1,204,413	1,285,377	7	1,333,759	1,387,612	1,443,182	
123		     Contributed Assets	123	125	2	127	130	130	
561,769		     Sales of Goods and Services	553,317	595,773	8 	625,663	649,058	669,282	
70,731		     Interest Income	93,281	88,857	-5 	81,894	91,248	105,201	
49,848		     Revenue from Associates and Joint Ventures	57,779	64,752	12 	72,659	71,607	70,970	
117,746		     Other		133,861	138,200	3 	134,279	140,333	146,282	
98,965		     Land Revenue (value add component)	113,353	192,180	70 	122,963	110,634	121,886	
											
2,910,194		Total Revenue	3,019,436	3,261,843	8 	3,318,884	3,447,367	3,607,806	
											
		Expenses								
1,068,152		     Employee Expenses	1,092,539	1,134,351	4 	1,173,377	1,211,988	1,255,009	
200,422		     Superannuation Current Cost	189,318	213,127	13 	220,814	227,884	234,653	
168,181		     Nominal Superannuation Interest Expense	173,475	191,715	11 	208,463	225,539	242,878	
222,817		     Depreciation and Amortisation	214,494	234,121	9 	248,561	253,129	257,447	
678,060		     Supplies and Services	634,926	686,132	8 	725,047	774,393	813,582	
226,448		     Other Operating Expenses	232,631	285,340	23 	241,991	237,545	249,192	
56,363		     Interest Expense	60,113	53,448	-11 	54,398	57,107	59,600	
451,252		     Grants		439,101	470,080	7 	487,845	506,885	523,319	
3,071,695		Total Expenses	3,036,597	3,268,314	8 	3,360,496	3,494,470	3,635,680	
											
-161,501		Operating Balance from Transactions	-17,161	-6,471	62 	-41,612	-47,103	-27,874	
											
		Other Economic Flows - included in operating result			
-10,212		     Net Gain on Sale of Non-Financial Assets	-10,027	-6,616	34 	-5,233	-5,295	-5,770	
71,780		     Net Gain on Financial Assets or Liabilities at Fair Value	171,057	89,459	-48 	108,254	118,975	130,234	
72,450		     Land Revenue (accrual revenue)	71,515	189,660	165 	120,997	107,377	119,420	
0		     Bad Debts Written Off	-5,007	-2,716	46 	-2,704	-2,758	-2,811	
											
-27,483		Operating Result	210,377	263,316	25 	179,702	171,196	213,199	
											
		Operating Balance from Transactions less Net Acquisition / (Disposal) 
of Non-Financial Assets from Transactions	
			
517,362		     Purchases of Non-Financial Assets	407,161	641,570	58 	415,887	322,258	225,689	
-41,026		     Sales of Non-Financial Assets	-37,619	-28,756	24 	-30,251	-31,766	-31,766	
-165,715		     Land Receipts (cash receipts)	-159,436	-386,010	-142 	-234,240	-218,481	-235,226	
-222,817		     Depreciation	-214,494	-234,121	-9 	-248,561	-253,129	-257,447	
											
-249,305		Net Lending / (Borrowing)	-12,773	846	107 	55,553	134,015	270,876	
											
		RECONCILIATION OF OPERATING BALANCE FROM TRANSACTIONS 
TO NET OPERATING BALANCE	
											
-161,501		     Operating Balance from Transactions	-17,161	-6,471	62 	-41,612	-47,103	-27,874	
67,180		     Expected Long Term Capital Gains on Superannuation Investments	68,229	89,459	31 	108,254	118,975	130,234	
											
-94,321		NET OPERATING BALANCE	51,068	82,988	63 	66,642	71,872	102,360	

Table E.10	
Australian Capital Territory	
Consolidated Total Territory	
Balance Sheet
	
Budget 						Est.Outcome	Budget		Planned	Planned	Planned	
as at 30/6/07						as at 30/6/07	as at 30/6/08	Var	as at 30/6/09	as at 30/6/10	as at 30/06/11	
$'000						$'000	$'000	%	$'000	$'000	$'000	
												
		Financial Assets							
104,144			Cash and Deposits	182,809	146,570	-20 	157,305	176,857	196,551	
16,835			Advances Paid	20,961	30,589	46 	33,012	43,829	52,887	
2,481,601			Investments, Loans and Placements	2,814,762	2,970,821	6 	3,234,754	3,600,134	4,070,657	
192,374			Receivables	244,764	237,187	-3 	280,928	281,847	287,058	
		Equity								
414,317			Investments Accounted for Using Equity Method	606,294	643,167	6 	640,274	633,158	626,863	
3,209,271		Total Financial Assets	3,869,590	4,028,334	4 	4,346,273	4,735,825	5,234,016	
												
		Non-Financial Assets							
		Land and Other Fixed Assets							
10,497,360			Property, Plant and Equipment	10,767,447	11,210,802	4 	12,023,262	12,458,204	12,853,307	
28,661			Intangibles		27,527	27,923	1 	26,441	19,625	14,325	
86,649			Inventories		130,074	128,733	-1 	147,186	170,554	192,350	
50,604			Assets Held for Sale	51,384	11,178	-78 	11,500	11,836	12,172	
277,801			Capital Works-in-Progress	209,614	492,924	135 	166,851	151,105	93,036	
		Other Non-Financial Assets							
147,720			Other		45,356	40,356	-11 	29,576	29,575	29,574	
11,088,795		Total Non-Financial Assets	11,231,402	11,911,916	6 	12,404,816	12,840,899	13,194,764	
												
14,298,066		Total Assets		15,100,992	15,940,250	6 	16,751,089	17,576,724	18,428,780	
												
		Liabilities								
134,114			Deposits Held	697	697	- 	697	697	697	
228,537			Advances Received	228,538	217,123	-5 	205,450	193,546	184,365	
578,975			Borrowings		585,185	632,638	8 	687,750	726,405	733,286	
102,275			Finance Leases	30,325	15,723	-48 	8,873	7,394	9,743	
3,181,558			Superannuation Liability	3,195,242	3,474,378	9 	3,758,989	4,047,959	4,340,318	
349,340			Other Employee Entitlements and Provisions	399,834	418,261	5 	435,901	452,866	473,413	
155,859			Payables		318,337	312,032	-2 	328,065	339,991	350,817	
7,912			Other Liabilities	11,820	10,450	-12 	10,473	7,922	7,932	
												
4,738,985		Total Liabilities	4,769,978	5,081,302	7 	5,436,198	5,776,780	6,100,571	
												
9,559,080		Net Assets		10,331,014	10,858,948	5 	11,314,891	11,799,944	12,328,209	
												
6,457,058			Accumulated Funds	6,702,293	6,987,608	4 	7,189,342	7,382,538	7,617,736	
3,090,479			Asset Revaluation Reserve	3,615,106	3,857,725	7 	4,111,934	4,403,791	4,696,858	
11,543			Other Reserve	13,615	13,615	- 	13,615	13,615	13,615	
												
9,559,080		Net Worth		10,331,014	10,858,948	5 	11,314,891	11,799,944	12,328,209	
												
-1,529,714		Net Financial Worth	-900,388	-1,052,968	-17 	-1,089,925	-1,040,955	-866,555	
-1,558,679		Net Debt (including superannuation related investments)	-2,173,787	-2,281,799	-5 	-2,522,301	-2,892,778	-3,392,004	
438,842		Net Debt (excluding superannuation related investments) 	-98,398	29,357	130 	21,286	-104,375	-346,203	

Table E.11	
Australian Capital Territory	
Consolidated Total Territory	
Cash Flow Statement
	
2006-07					2006-07	2007-08		2008-09	2009-10	2010-11	
Budget					Est.Outcome	Budget	Var	Estimate	Estimate	Estimate	
$'000					$'000	$'000	%	$'000	$'000	$'000	
											
		Cash Receipts from Operating Activities						
775,548		     Taxes Received	832,832	870,508	5 	912,729	967,411	1,021,736	
599,057		     Receipts from sales of Goods and Services	593,445	666,321	12 	679,023	699,434	720,730	
1,215,734		     Grants/Subsidies Received	1,213,585	1,288,099	6 	1,343,927	1,401,150	1,457,058	
42,564		     Interest Receipts	92,583	87,872	-5 	81,916	90,746	104,561	
236,674		     Other Receipts	287,236	283,949	-1 	290,139	307,470	315,717	
2,869,577		Total Receipts	3,019,681	3,196,749	6 	3,307,734	3,466,211	3,619,802	
											
		Cash Payments for Operating Activities						
1,163,006		     Payments for Employees	1,175,049	1,241,651	6 	1,301,508	1,364,676	1,428,509	
921,968		     Payments for Goods and Services	867,128	955,892	10 	1,028,678	1,035,537	1,081,433	
464,173		     Grants and Subsidies Paid	450,909	483,814	7 	501,872	521,715	538,625	
56,724		     Interest Paid	65,529	47,521	-27 	46,922	52,570	56,395	
160,121		     Other Payments	188,306	200,377	6 	165,472	184,895	187,366	
2,765,992		Total Payments	2,746,921	2,929,255	7 	3,044,452	3,159,393	3,292,328	
103,585		Net Cash Flows from Operating Activities	272,760	267,494	-2 	263,282	306,818	327,474	
											
		Cash Flows from Investments in Non-Financial Assets					
206,741		     Sales of Non-Financial Assets	197,055	414,766	110 	264,491	250,247	266,992	
517,362		     Purchases of Non-Financial Assets	407,161	641,570	58 	415,887	322,258	225,689	
-310,621		Net Cash Flows from Investments in Non-Financial Assets	-210,106	-226,804	-8 	-151,396	-72,011	41,303	
											
1,602		Net Cash Flows from Investments in Financial Assets for Policy Purposes	1,380	-10,832	-885 	-7,007	-12,154	-9,277	
											
-365		Net Cash Flows from Investments in Financial Assets for Liquidity Purposes	-123,876	-386,606	-212 	-103,265	-104,494	-118,342	
											
		Net Cash Flows from Financing Activities					
-27,208		     Borrowings (net)	-7,213	33,139	559 	42,418	25,543	-3,512	
-27,208		Net Cash Flows from Financing Activities	-7,213	33,139	559 	42,418	25,543	-3,512	
											
-233,007		Net Increase/(Decrease) in Cash held	-67,055	-323,609	-383 	44,032	143,702	237,646	
											
647,738		Cash and Cash Equivalents at the Beginning of Reporting Period	1,026,874	959,819	-7 	636,210	680,242	823,944	
414,731		Cash and Cash Equivalents at the End of Reporting Period	959,819	636,210	-34 	680,242	823,944	1,061,590	
											
		Key Fiscal Aggregate							
103,585		     Net Cash from Operating Activities	272,760	267,494	-2 	263,282	306,818	327,474	
-310,621		     Investments in Non-Financial Assets	-210,106	-226,804	-8 	-151,396	-72,011	41,303	
											
-207,036		Surplus (+) / Deficit (-)	62,654	40,690	-35 	111,886	234,807	368,777	

Table E.12	
Australian Capital Territory	
Consolidated Total Territory	
Statement of Changes in Equity
	
2006-07						2006-07	2007-08		2008-09	2009-10	2010-11	
Budget						Est.Outcome	Budget	Var	Estimate	Estimate	Estimate	
$'000						$'000	$'000	%	$'000	$'000	$'000	
												
9,367,579		Opening Balance		9,446,722	10,331,014	9 	10,858,948	11,314,891	11,799,944	
												
		Accumulated Funds
							
270			Net Effect of a Correction for an Error	4,431	-1	-100 	32	0	-1	
0			Superannuation Prior Year Actuarial Movement	-47,806	0	100 	0	0	0	
-27,483			Operating Result for the Period	210,377	263,316	25 	179,702	171,196	213,199	
		
Reserves
								
196,715			Increase/(Decrease) in Asset Revaluation Reserve	694,793	242,619	-65 	254,209	291,857	293,067	
21,999			Transfer to/from Reserves	21,999	22,000	.. 	22,000	22,000	22,000	
191,501		Total Income and Expense for the Period	884,292	527,934	-40 	455,943	485,053	528,265	
												
		Transactions Involving Equity Holders Affecting Accumulated Funds				
												
191,501		Comprehensive Result - Total Change in Net Worth	884,292	527,934	-40 	455,943	485,053	528,265	
												
9,559,080		Closing Balance		10,331,014	10,858,948	5 	11,314,891	11,799,944	12,328,209