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

Appendix B: Australian Government Financial Statements (Continued)

Table B5: Australian Government public non-financial corporations sector balance sheet
	Estimates
	2012-13 $m
Assets
Financial assets
Cash and deposits	2,411
Investments, loans and placements	163
Other receivables	1,234
Equity investments	329
Total financial assets	4,137
Non-financial assets
Land and fixed assets	12,309
Other non-financial assets(a)	2,036
Total non-financial assets	14,345
Total assets	18,482
Liabilities
Interest bearing liabilities
Borrowing	2,997
Total interest bearing liabilities	2,997
Provisions and payables
Other employee liabilities	1,506
Other provisions and payables(a)	2,397
Total provisions and payables	3,903
Total liabilities	6,899
Shares and other contributed capital	11,583
Net worth(b)	11,583
Net financial worth(c)	-2,762
Net debt(d)	423

(a) Excludes the impact of commercial taxation adjustments.

(b) Under AASB 1049, net worth is calculated as total assets minus total liabilities. Under ABS GFS, net worth is calculated as total assets minus total liabilities minus shares and other contributed capital. The AASB 1049 method is used in this table.

(c) Under AASB 1049, net financial worth equals total financial assets minus total liabilities. Under ABS GFS, net financial worth equals total financial assets minus total liabilities minus shares and other contributed capital. The AASB 1049 method is used in this table.

(d) Net debt equals the sum of interest bearing liabilities (deposits held, advances received and borrowing), minus the sum of cash and deposits and investments, loans and placements.

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