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Appendix B: Australian Government Financial Statements (Continued)

Table B8: Australian Government total non-financial public sector balance sheet
	Estimates
	2012-13 $m
Assets
Financial assets
Cash and deposits	5,049
Advances paid	35,622
Investments, loans and placements	112,006
Other receivables	41,966
Equity investments	40,994
Total financial assets	235,637
Non-financial assets
Land and fixed assets	116,305
Other non-financial assets	10,656
Total non-financial assets	126,961
Total assets	362,598
Liabilities
Interest bearing liabilities
Deposits held	192
Government securities	281,195
Loans	11,489
Other borrowing	4,204
Total interest bearing liabilities	297,080
Provisions and payables
Superannuation liability	142,723
Other employee liabilities	16,279
Other provisions and payables	54,007
Total provisions and payables	213,009
Total liabilities	510,089
Shares and other contributed capital	11,583
Net worth(a)	-147,490
Net financial worth(b)	-274,451
Net debt(c)	144,403

(a) 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.

(b) 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.

(c) Net debt equals the sum of deposits held, government securities, loans and other borrowing, minus the sum of cash and deposits, advances paid, and investments, loans and placements.

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