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Historical Financial Information

Historical Financial Information
Year ended 30 June
$ million 		2002
Actual 		2003
Actual 		2004
Actual 		2005
Actual 		2006
Actual 		2007
Actual 		2008
Actual 		2009
Actual 		2010
Actual 		2011
Actual

Statement of financial performance

Core Crown tax revenue 36,809 40,518 43,358 47,468 50,973 53,477 56,747 54,681 50,744 51,557
Core Crown other revenue 3,136 2,922 2,861 3,577 4,762 4,734 5,072 4,801 5,472 5,993
Core Crown revenue 39,945 43,440 46,219 51,045 55,735 58,211 61,819 59,482 56,216 57,550
Crown entities, SOE revenue and eliminations 10,003 13,170 13,051 14,322 15,690 16,378 19,660 20,024 18,509 24,013
Total Crown revenue 49,948 56,611 59,271 65,367 71,425 74,589 81,479 79,506 74,725 81,563
Social security and welfare 13,485 13,907 14,252 14,682 15,598 16,768 17,877 19,382 21,185 22,005
Health 7,032 7,501 8,111 8,813 9,547 10,355 11,297 12,368 13,128 13,753
Education 6,473 7,016 7,585 7,930 9,914 9,269 9,551 11,455 11,724 11,650
Core government services 1,890 2,130 2,091 2,567 2,507 4,817 3,371 5,293 2,974 5,563
Other core Crown expenses 8,633 9,343 9,843 10,903 11,754 12,795 14,901 15,504 15,002 17,479
Core Crown expenses 37,513 39,897 41,882 44,895 49,320 54,004 56,997 64,002 64,013 70,450
Crown entities, SOE expenses and eliminations 9,964 12,347 11,816 13,397 15,015 14,725 18,845 19,397 17,027 29,509
Total Crown expenses 47,476 52,245 53,698 58,292 64,334 68,729 75,842 83,399 81,040 99,959
OBEGAL 2,471 4,366 5,573 7,075 7,091 5,860 5,637 (3,893) (6,315) (18,396)
Gains/(losses) (185) (2,745) 1,736 (1,144) 2,451 2,162 (3,253) (6,612) 1,806 5,036
Operating balance 2,286 1,621 7,309 5,931 9,542 8,022 2,384 (10,505) (4,509) (13,360)

Statement of financial position

Property, plant and equipment 50,536 52,667 57,940 67,494 89,141 95,598 103,329 110,135 113,330 114,854
Financial assets 22,497 27,799 32,654 42,005 66,396 73,718 85,063 93,359 95,971 115,362
Other assets 14,846 18,461 18,756 19,714 9,503 11,031 12,443 13,657 14,054 14,999
Total assets 87,879 98,927 109,351 129,212 165,040 180,347 200,835 217,151 223,355 245,215
Borrowings 38,492 39,327 37,720 37,728 40,027 41,898 46,110 61,953 69,733 90,245
Other liabilities 26,562 31,588 32,036 37,243 41,042 41,622 49,211 55,683 58,634 74,083
Total liabilities 65,055 70,915 69,756 74,972 81,069 83,520 95,321 117,636 128,367 164,328
Net worth 22,825 28,012 39,595 54,240 83,971 96,827 105,514 99,515 94,988 80,887

Debt Indicators

Net debt 25,388 24,531 23,858 19,879 16,163 13,380 10,258 17,119 26,738 40,128
Gross debt 36,650 36,617 36,017 35,478 33,903 30,647 31,390 43,356 53,591 72,420
Historical Financial Information (continued)
Year ended 30 June
as % of GDP 		2002
Actual 		2003
Actual 		2004
Actual 		2005
Actual 		2006
Actual 		2007
Actual 		2008
Actual 		2009
Actual 		2010
Actual 		2011
Actual
Nominal GDP (revised) 127,511 134,659 145,200 154,376 161,890 172,060 183,325 185,449 189,359 200,291

Statement of financial performance

Core Crown tax revenue 28.9% 30.1% 29.9% 30.7% 31.5% 31.1% 31.0% 29.5% 26.8% 25.7%
Core Crown other revenue 2.5% 2.2% 2.0% 2.3% 2.9% 2.8% 2.8% 2.6% 2.9% 3.0%
Core Crown revenue 31.3% 32.3% 31.8% 33.1% 34.4% 33.8% 33.7% 32.1% 29.7% 28.7%
Crown entities, SOE and elimination revenue 7.8% 9.8% 9.0% 9.3% 9.7% 9.5% 10.7% 10.8% 9.8% 12.0%
Total Crown revenue 39.2% 42.0% 40.8% 42.3% 44.1% 43.4% 44.4% 42.9% 39.5% 40.7%
Social security and welfare 10.6% 10.3% 9.8% 9.5% 9.6% 9.7% 9.8% 10.5% 11.2% 11.0%
Health 5.5% 5.6% 5.6% 5.7% 5.9% 6.0% 6.2% 6.7% 6.9% 6.9%
Education 5.1% 5.2% 5.2% 5.1% 6.1% 5.4% 5.2% 6.2% 6.2% 5.8%
Core government services 1.5% 1.6% 1.4% 1.7% 1.5% 2.8% 1.8% 2.9% 1.6% 2.8%
Other core Crown expenses 6.8% 6.9% 6.8% 7.1% 7.3% 7.4% 8.1% 8.4% 7.9% 8.7%
Core Crown expenses 29.4% 29.6% 28.8% 29.1% 30.5% 31.4% 31.1% 34.5% 33.8% 35.2%
Crown entities, SOE and elimination expenses 7.8% 9.2% 8.1% 8.7% 9.3% 8.6% 10.3% 10.5% 9.0% 14.7%
Total Crown expenses 37.2% 38.8% 37.0% 37.8% 39.7% 39.9% 41.4% 45.0% 42.8% 49.9%
OBEGAL 1.9% 3.2% 3.8% 4.6% 4.4% 3.4% 3.1% -2.1% -3.3% -9.2%
Gains/(losses) -0.1% -2.0% 1.2% -0.7% 1.5% 1.3% -1.8% -3.6% 1.0% 2.5%
Operating balance 1.8% 1.2% 5.0% 3.8% 5.9% 4.7% 1.3% -5.7% -2.4% -6.7%

Statement of financial position

Property, plant and equipment 39.6% 39.1% 39.9% 43.7% 55.1% 55.6% 56.4% 59.4% 59.8% 57.3%
Financial assets 17.6% 20.6% 22.5% 27.2% 41.0% 42.8% 46.4% 50.3% 50.7% 57.6%
Other assets 11.6% 13.7% 12.9% 12.8% 5.9% 6.4% 6.8% 7.4% 7.4% 7.5%
Total assets 68.9% 73.5% 75.3% 83.7% 101.9% 104.8% 109.6% 117.1% 118.0% 122.4%
Borrowings 30.2% 29.2% 26.0% 24.4% 24.7% 24.4% 25.2% 33.4% 36.8% 45.1%
Other liabilities 20.8% 23.5% 22.1% 24.1% 25.4% 24.2% 26.8% 30.0% 31.0% 37.0%
Total liabilities 51.0% 52.7% 48.0% 48.6% 50.1% 48.5% 52.0% 63.4% 67.8% 82.0%
Net worth 17.9% 20.8% 27.3% 35.1% 51.9% 56.3% 57.6% 53.7% 50.2% 40.4%

Debt Indicators

Net debt 19.9% 18.2% 16.4% 12.9% 10.0% 7.8% 5.6% 9.2% 14.1% 20.0%
Gross debt 28.7% 27.2% 24.8% 23.0% 20.9% 17.8% 17.1% 23.4% 28.3% 36.2%
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