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Legislative Assembly for the ACT: 2006 Week 4 Hansard (4 May) . . Page.. 1308..


Mr Stanhope

: The answer to the member's question is as follows:

Residential property

Commercial property

Total

$'000

$'000

$'000

2001-02

102,021

20,660

122,682

2002-03

127,706

23,380

151,086

2003-04

135,858

46,748

182,606

2004-05

112,583

27,348

139,931

the estimate for 2005-06

112,334

49,108

161,442

Notes to clarify the above data:

    • The data excludes various accrual adjustments (eg. provision for refunds, provision for doubtful debts), hence they are different from the annual reports;
    • 2001-02, 2002-03 and 2003-04 figures are based on tax collected data;
    • 2004-05 figures are based on tax levied data;
    • there was a change of IT system in 2004-05; and
    • the estimate for 2005-06 figures are based on the mid-year review forecast.

Finance—audited outcomes

(Question No 1007)

Mr Mulcahy asked the Treasurer (redirected to the Acting Treasurer), upon notice, on 28 March 2006:

What were the audited outcomes, under the Uniform Presentation Framework, for the General Government Sector using a Government Finance Statistics basis for (a) 2001-02, (b) 2002-03 and (c) 2003-04.

Mr Stanhope

: The answer to the member's question is as follows:

There are a number of key results under GFS reporting. These are presented in the following table.

2001-02

2002-03

2003-04

$'m

$'m

$'m

GFS Net Operating Balance

8

12

-203

GFS Net Lending (+) / Borrowing (-)

79

154

-25

GFS Cash Surplus (+) /Deficit (-)

263

257

300

30-Jun-02

30-Jun-03

30-Jun-04

$'m

$'m

$'m

GFS Net Worth

7,825

8,629

9,380

GFS Net debt

-1,358

-1,575

-1,869

GFS Net financial worth

2,319

2,941

3,372

Source: ABS Cat: 5512.0 Government Finance Statistics, Australia


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