Page 1308 - Week 04 - Thursday, 4 May 2006
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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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