Home > Mid-Year Economic and Fiscal Outlook > Appendix B: Australian Government Budget Financial Statements (continued)

Appendix B: Australian Government Financial Statements (Continued)

Table B4: Australian Government public non-financial corporations sector operating statement
	Estimates
	2012-13 $m
Revenue
Current grants and subsidies	20
Sales of goods and services	7,885
Interest income	101
Total revenue	8,006
Expenses
Gross operating expenses
Wages and salaries(a)	3,038
Superannuation	281
Depreciation and amortisation	744
Supply of goods and services	4,070
Other operating expenses(a)	430
Total gross operating expenses	8,563
Interest expenses	136
Other property expenses	245
Current transfers
Tax expenses	134
Total current transfers	134
Total expenses	9,078
Net operating balance	-1,072
Other economic flows	-296
Comprehensive result - Total change in net worth excluding contribution from owners	-1,368
Net acquisition of non-financial assets
Purchases of non-financial assets	3,990
less Sales of non-financial assets	14
less Depreciation	744
plus Change in inventories	-17
plus Other movements in non-financial assets	872
Total net acquisition of non-financial assets	4,087
Fiscal balance (Net lending/borrowing)(b)	-5,159

(a) Consistent with ABS GFS classification, other employee related expenses are reported under other operating expenses. Total employee expenses equal wages and salaries plus other operating expenses.

(b) The term fiscal balance is not used by the ABS.

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