Skip to content

Skip to content

Previous Page Contents and Download Next Page

Attachment B

Budget financial statements

The budget financial statements consist of an operating statement, balance sheet, cash flow statement and statement of other economic flows (reconciliation of net worth) for the Australian Government general government sector. The budget financial statements are based on GFS standards with the exception of the divergences discussed in Attachment A.

Table 7: Australian Government general government sector operating statement

Table 7:  Australian Government general government sector operating statement

  1. The term fiscal balance is not used by the ABS.

Table 8: Australian Government general government sector balance sheet

Table 8:  Australian Government general government sector balance sheet

  1. The 2004-05 equity and net worth outcomes include the Telstra shareholding valued at the closing share price on 30 June 2005.
  2. Net worth is calculated as total assets minus total liabilities.
  3. Net debt equals the sum of deposits held, advances received, government securities, loans and other borrowing, minus the sum of cash and deposits, advances paid and investments, loans and placements.

Table 9: Australian Government general government sector cash flow statement(a)

Table 9:  Australian Government general government sector cash flow statement(a)

Table 9: Australian Government general government sector cash flow statement(a) (continued)

Table 9:  Australian Government general government sector cash flow statement(a) (continued)

  1. A positive number denotes a cash inflow; a negative sign denotes a cash outflow.
  2. The acquisition of assets under finance leases decreases the underlying cash balance. The disposal of assets previously held under finance leases increases the underlying cash balance.
  3. The term underlying cash balance is not used by the ABS.

Table 10: Australian Government general government sector statement of other economic flows (reconciliation of net worth)

Table 10:  Australian Government general government sector statement of other economic flows (reconciliation of net worth)

  1. Decrease in net worth arising from a change in recognition of family tax benefits and other expenses from a cash to an accrual basis.
  2. The 2004-05 equity and net worth outcomes include the change in the value of Telstra shareholding between the closing share price on 30 June 2004 and 30 June 2005.
  3. Largely reflects revaluation of assets and liabilities mainly by the Department of Defence.

Previous Page Contents and Download Next Page

Skip to top of page