APPENDIX 3 2016-17
ESTIMATED OUTCOME
INCLUDING MARCH QUARTERLY
REPORT
Key Issues

The Estimated Outcome information presented in this appendix reflects financial estimates available to
Treasury at the time of the finalisation of the Budget Papers and includes agency assessments of
funding requirements, current estimates of State taxation and information available from the Australian
Government and Government Businesses.

This appendix also meets the information requirements for a March Quarterly Report as specified in
Section 26C of the Financial Management and Audit Act 1990. It presents financial results for the
nine months ending 31 March 2017 for the General Government Sector and the Consolidated Fund.

The estimated General Government Net Operating Balance for 2016-17 is a $812 million surplus, a
$734.7 million improvement from the 2016-17 Budget estimate of a $77.3 million surplus. This result
primarily reflects the expected receipt of a significant one-off Australian Government payment of
$730.4 million for the transfer of the Mersey Community Hospital to the State which is expected to occur
by 30 June 2017.

The actual General Government Net Operating Balance for the nine months to 31 March 2017 is a
$166.9 million surplus.
2016-17 Estimated Outcome Including March Quarterly Report
189
INTRODUCTION
This appendix presents the 2016-17 Estimated Outcome based on the latest available agency assessments
of indicative additional funding requirements or potential savings and revised whole-of-government revenue
estimates. Significant changes to revenue and expenditure estimates can occur between the preparation of
these estimates and those reported in future reports on the 2016-17 Budget outcome.
Detailed information on the final Outcome for 2016-17 will be published in:

the Preliminary Outcomes Report, required to be published by 15 August 2017 in the event that the
preliminary outcomes result differs materially from the Estimated Outcome published in this appendix;

the Treasurer's Annual Financial Report, which will be tabled in Parliament by 31 October 2017; and

agency Annual Reports, which will be tabled in Parliament by 31 October 2017.
This appendix also meets the information requirements for a March Quarterly Report as specified in
Section 26C of the Financial Management and Audit Act 1990. It presents financial results for the nine months
ending 31 March 2017 for the General Government Sector and the Consolidated Fund. These financial
statements have been prepared in accordance with applicable Australian Accounting Standards including
AASB 1049 Whole of Government and General Government Sector Financial Reporting. Preparation of the
Report requires the application of estimation methods in accordance with the principles of AASB 134 Interim
Financial Reporting.
190
2016-17 Estimated Outcome Including March Quarterly Report
GENERAL GOVERNMENT INCOME STATEMENT
Table A3.1 provides details of the Estimated Outcome for 2016-17, compared to the 2016-17 Budget
estimates.
Table A3.1:
General Government Income Statement, 2016-17
2016-17)
2016-17)
2016-17)
)
Estimated)
March YTD)
Budget)
Outcome)
Actual)
$m)
$m)
$m)
Grants
3 634.6)
4 371.9)
2 721.5
Taxation
1 055.6)
1 094.1)
840.0
Revenue from Transactions
Sales of Goods and Services
352.9)
411.2)
297.3
Fines and Regulatory Fees
96.5)
95.9)
75.7
Interest Income
16.5)
22.1)
13.0
Dividend, Tax and Rate Equivalent Income
263.8)
316.0)
239.2
Other Revenue
153.8)
188.4)
145.3
5 573.7)
6 499.6)
4 332.0
2 311.0)
2 371.5)
1 757.0
Superannuation
284.6)
339.9)
248.8
Depreciation
264.6)
267.1)
195.0
1 105.9)
1 187.9)
796.4
288.2)
236.3)
178.6
Less Expenses from Transactions
Employee Expenses
Supplies and Consumables
Nominal Superannuation Interest Expense
Borrowing Costs
10.3)
10.4)
7.6
Grant Expenses
1 206.2)
1 243.0)
956.6
Other Expenses
25.4)
31.6)
25.2
5 496.3)
5 687.6)
4 165.1
77.3
812.0)
166.9
Gain/(Loss) on Disposal of Non-Financial Assets
10.5)
11.3)
1.0
Movement in Investments in GBEs and SOCs
19.5)
392.2
....
....)
2 914.6)
....
( 21.2)
( 24.7)
(9.3)
8.8)
3 293.5)
(8.2)
86.1)
4 105.5)
158.6
Equals NET OPERATING BALANCE
Plus Other Economic Flows - Included in Operating Result
Movements in Superannuation Liability
Other Gains/(Losses)
Equals Operating Result
2016-17 Estimated Outcome Including March Quarterly Report
191
Table A3.1:
General Government Income Statement, 2016-17
(continued)
2016-17)
2016-17)
2016-17)
Estimated) March YTD)
Budget)
Outcome)
Actual)
$m)
$m)
$m)
252.3)
224.9)
168.7
3.3)
8.6)
8.0
255.5)
233.5)
176.7
341.6)
4 339.0)
335.3
77.3)
812.0)
166.9
Purchases of Non-Financial Assets
530.8)
495.3)
261.3
Less Sale of Non-Financial Assets
28.3)
29.4)
26.9
264.6)
267.1)
195.0
237.9)
198.9)
39.4
( 160.6)
613.1)
127.5
Plus Other Economic Flows - Other Movements in Equity
Revaluations of Non-Financial Assets
Other Non-Owner Movements in Equity
Equals Comprehensive Result
KEY FISCAL AGGREGATES
NET OPERATING BALANCE
Less Net Acquisition of Non-Financial Assets
Less Depreciation
Equals FISCAL BALANCE
192
2016-17 Estimated Outcome Including March Quarterly Report
REVENUE VARIATIONS
Total revenue for 2016-17 is estimated to be $6 499.6 million, $926.0 million above the Budget estimate of
$5 573.7 million. The major revenue variations are described in Table A3.2.
Table A3.2:
Major Revenue Variations
Revenue Item
Variance from Budget
Grants:
$737.3 million higher

$44.2 million lower
General Purpose
Payments
Reasons
The decrease in General Purpose Payments funding is a
result of estimated GST receipts being revised down.
This change reflects an increase in Tasmania’s share of
the national population, offset by a $1.5 billion reduction
in the estimated GST pool available for distribution to the
states and a $4.2 million residual adjustment for overpaid
GST revenue to Tasmania in 2015-16.

Specific Purpose
Payments
$20.4 million higher
The increase in Payments for Specific Purposes primarily
reflects:

an increase in Australian Government National
Health Reform Activity Based funding of $15.7 million
and National Health Reform Block funding of
$2.2 million. These changes are primarily due to a
revision of Tasmanian Health Service activity profiles;
and

an increase in Australian Government Students First
funding of $2.4 million reflecting updates in the
2016-17 Australian Government Budget.
2016-17 Estimated Outcome Including March Quarterly Report
193
Table A3.2:
Major Revenue Variations (continued)
Revenue Item
Variance from Budget
Reasons

$750.1 million higher
The increase in National Partnership Payments primarily
National Partnership
Payments
reflects additional revenue expected to be received from the
Australian Government in 2016-17 for a range of grants which
include:

the receipt of a significant one-off Australian Government
payment of $730.4 million for the transfer of the Mersey
Community Hospital to the State which is expected to
occur by 30 June 2017 (the National Partnership on
Transfer of the Mersey Community Hospital);

Natural Disaster Relief and Recovery Arrangements
receipts of $21.1 million relating to the January 2016
Bushfires and June Flood Event. This reflects the
expected timing of receipts as at the finalisation of Budget
data;

Reducing elective surgery waiting lists in Tasmania
funding of $5.0 million;

Sustainable Rural Water Use and Infrastructure Program
funding of $3.4 million;

Public dental services for adults funding of $3.1 million;

DisabilityCare Australia Fund payments of $2.0 million;

Improving Health Services in Tasmania Schedule D
funding of $1.3 million relating to Walk-in Centres in
Hobart and Launceston; and

Tourism Growth Package Feasibility Studies funding of
$1.1 million relating to the Cradle Mountain Master Plan
($1 million);
the
‘Geeves
Effect’
($70,000)
and
FermenTasmania ($50,000).
This increase is partially offset by a reallocation of
$19.2 million in Road related grants funding from 2016-17 to
2017-18 reflecting the timing of projects.

Other Grants and
Subsidies
$10.9 million higher
The increase in Other Grants and Subsidies primarily reflects
an increase in Australian Government funding of $7.9 million
relating to Commonwealth Own Purpose Expenditure funding
for the Department of Health and Human Services and the
Tasmanian Health Service.
194
2016-17 Estimated Outcome Including March Quarterly Report
Table A3.2:
Major Revenue Variations (continued)
Revenue Item
Variance from Budget
Reasons
Taxation
$38.4 million higher
The increase in Taxation primarily reflects:

An upwards revision in Conveyance duty receipts of
$34.3 million, due mainly to growth in residential property
prices and transaction volumes; and

an upwards revision in Land Tax of $8.3 million, reflecting
a net increase in land values across the State, system
enhancements
leading
to
improvements
in
debt
management and targeted compliance efforts.
These movements are partially offset by reductions in
Betting Exchange Taxes and Levies of $3.0 million reflecting
the surrender by Betfair of its Tasmanian Gaming Licence;
and Casino Tax and Licence Fees of $2.0 million reflecting
lower than expected year-to-date revenue.
Sales of Goods and
$58.3 million higher
Services
The increase in Sales of Goods and Services primarily
reflects revised estimates for the Tasmanian Health Service
comprising:

new funding of $50 million in 2016-17 associated with the
listing of Hepatitis C medications on the Pharmaceutical
Benefits Scheme; and

revised projections of Australian Government revenues
of $7.4 million primarily relating to the Child Dental
Benefit Schedule and Training More Specialists in
Tasmania Program.
Interest Income
$5.6 million higher
The increase in Interest Income primarily reflects projected
increases in estimated Cash and Deposits.
Dividend, Tax and Rate
Equivalent Income
$52.3 million higher
The increase in Dividend, Tax and Rate Equivalent Income
reflects an increase in Dividends of $26.2 million and Income
Tax Equivalents (ITEs) of $26.1million.
The increase in Dividends primarily reflects:

a $13.1 million increase for Tasmanian Networks Pty Ltd
due to a higher profit result for 2015-16 as a result of
transmission
and
distribution
revenues
exceeding
forecasts;

a $6.1 million increase for Aurora Energy Pty Ltd as a
result of a better profit outcome primarily due to
expenditure control; and
2016-17 Estimated Outcome Including March Quarterly Report
195
Table A3.2:
Revenue Item
Major Revenue Variations (continued)
Variance from Budget
Reasons

Dividend, Tax and Rate
a $5.9 million increase for the Motor Accident Insurance
Equivalent Income
Board (MAIB) due to a better profit outcome for 2015-16
(continued)
due to stronger investment returns and a lower claims
expense.
The increase in ITEs primarily reflects:

a $23.4 million increase for the Motor Accidents
Insurance Board as a result of higher taxable distributions
from fund managers and a lower than expected claims
expense; and

a $4.6 million increase for Hydro Tasmania as a result of
improving profit levels during the year.
The increase in ITEs was partly offset by a decrease in ITEs
of $3.7 million from Tasmanian Networks due to a lower than
expected profit outcome for 2016-17.
Other Revenue
$34.6 million higher
The increase in Other Revenue primarily reflects:

an
increase
in
Department
of
State
Growth
of
$20.6 million reflecting a revised mineral royalties
estimate;

an increase in the Tasmanian Health Service of
$10 million which reflects the estimated one-off impact of
the transfer of ownership of the Mersey Community
Hospital asset value from the Australian Government to
the State Government; and

an increase in the Department of Justice of $1.7 million
associated
registration.
196
2016-17 Estimated Outcome Including March Quarterly Report
with
Working
with
Vulnerable
People
EXPENSE VARIATIONS
Total expenses for 2016-17 are estimated to be $5 687.6 million, $191.3 million above the Budget estimate
of $5 496.3 million. The major expense variations are described in Table A3.3.
Table A3.3:
Major Expense Variations
Expense Item
Variance from Budget
Reasons
Employee Expenses
$60.5 million higher
The increase in Employee Expenses primarily reflects:

an increase in the Department of Education of
$9.3 million primarily relating to a reclassification of
expenditure
of
$9.1 million
from
Supplies
and
consumables to better align with actual expenditure;

an increase in the Tasmanian Health Service of
$42.2 million primarily reflecting increased National
Health Reform funding as a result of revised activity
levels and higher than budgeted employee expenditure;
and

an increase in the Department of Justice of $4 million
including:
 additional costs relating to Corrective Services of
$1.8 million; and
 additional expenditure relating to an increase in
revenues primarily associated with Working with
Vulnerable Persons registration.
2016-17 Estimated Outcome Including March Quarterly Report
197
Table A3.3:
Major Expense Variations (continued)
Expense Item
Variance from Budget
Reasons
Superannuation
$55.3 million higher
The increase in Superannuation primarily reflects the latest
actuarial projection of the increase in the present value of
the defined benefit obligation resulting from employee
service in the current period.
Supplies and Consumables
$82 million higher
The increase in Supplies and Consumables primarily
reflects:

an increase in the Department of Health and Human
Services of $12.3 million primarily relating to higher than
budgeted expenditure for Out of Home Care of
$7.9 million,
together
with
revised
expenditure
projections of Australian Government funding of
$4.8 million;

an increase of $61 million in the Tasmanian Health
Service primarily reflecting additional expenditure
associated with listing of Hepatitis C medications on the
Pharmaceutical Benefits Scheme;

an increase in the Department of State Growth of
$10.1 million primarily reflecting:
 the reclassification of $8.7 million from Purchase of
Non-Financial Assets to reflect the revised nature of
projected expenditure; and
 additional expenditure of $3.3 million for restoration
costs associated with flood damage to the Mersey
Forest Road.
This is offset by the reallocation of $2.4 million in
expenditure from 2016-17 to 2017-18 reflecting the
revised timing of Advancing the Case for a Second
Interconnector (Energy Strategy) of $1.1 million and the
move of Mineral Resources Tasmania to Burnie of
$1.3 million;
198
2016-17 Estimated Outcome Including March Quarterly Report
Table A3.3:
Major Expense Variations (continued)
Expense Item
Variance from Budget
Reasons

Supplies and Consumables
(continued)
an
increase
in
Marine and Safety Tasmania
of
$2.4 million which primarily reflects the reallocation of
expenditure from 2015-16 to 2016-17 for a number of
Recreational Boating Fund projects; and

an increase in the Department of Premier and Cabinet
of
$2.7 million
expenditure
primarily
associated
relating
to
with
increased
additional
Telecommunications Management Division revenue
and its rollout of new technologies to clients.
These increases are partially offset by a decrease in the
Department of Education of $12.3 million which primarily
reflects:

the
reclassification of expenditure to
Employee
Expenses ($9.1 million) to better align with actual
expenditure; and

the reclassification of $3.8 million to Grant Expenses to
better align with actual expenditure.
Nominal Superannuation
Interest Expense
$51.9 million lower
The
decrease
reflects
the
most
recent
actuarial
assessment of the Government’s superannuation liability,
which includes the application of the 30 June 2016 ‘spot’
discount rate of 2.7 per cent (a long-term trend rate of
4.75 per cent was used in the 2016-17 Budget) to
determine interest cost and interest income with respect to
the liability and plan assets, respectively.
2016-17 Estimated Outcome Including March Quarterly Report
199
Table A3.3:
Major Expense Variations (continued)
Expense Item
Variance from Budget
Reasons
Grant Expenses
$36.8 million higher
The increase in Grant Expenses primarily reflects:

an increase in the Department of Education of
$12.3 million including:
 a reclassification of $3.8 million from Supplies and
Consumables to better align with actual expenditure;
 an increase in projected expenditure of Australian
Government
National
Partnership
funding
of
$3.7 million; and
 an increase in Students First - Non-Government
Schools funding of $4.8 million (State and Australian
Government funded);

an increase in the Department of Primary Industries,
Parks, Water and Environment of $6.5 million including:
 expenditure associated with the June 2016 flood event
of $5.2 million; and
 expenditure to support the clean-up costs incurred by
businesses as a result of the outbreak of the Pacific
Oyster Mortality Syndrome of $1 million; and

an increase in the Department of State Growth of
$19.1 million including:
 $10 million in funding for the Northern Cities Major
Development Initiative. This reflects the timing of a
payment for the initial stages of the Launceston
University of Tasmania relocation;
 the reallocation of $4 million in expenditure from
2017-18 to 2016-17 for the Tasmanian Jobs and
Investment Fund;
200
2016-17 Estimated Outcome Including March Quarterly Report
Table A3.3:
Major Expense Variations (continued)
Expense Item
Variance from Budget
Reasons
 revised
Grant Expenses (continued)
expenditure
projections
of
Australian
Government funding of $5.1 million;
 $1.9 million in funding for Dark Mofo reflecting the
Government’s commitment to provide $1.9 million per
annum over the next five years; and
 $1.1 million in funding for an interim King Island
shipping service to the end of March 2017.
These increases are offset by the reallocation of
$3.6 million from 2016-17 to 2017-18 and $0.5 million from
2016-17 to 2018-19 for the Academy of Creative Industries
and Performing Arts.
Other Expenses
$6.2 million higher
The increase in Other Expenses primarily reflects an
increase in the Tasmanian Health Service of $5.1 million
which includes the impact of an increase in National Health
Reform Activity Based and Block Funding.
2016-17 Estimated Outcome Including March Quarterly Report
201
OTHER ECONOMIC FLOWS - INCLUDED IN
OPERATING RESULT
Other economic flows - Included in the Operating Result is estimated to be an inflow of $3 293.5 million in
2016-17, which is $3 284.7 million higher than the 2016-17 Budget of an $8.8 million inflow. The major
changes are detailed in Table A3.4.
Table A3.4:
Item
Other Economic Flows - Included in Operating Result
Variations
Variance from Budget
Reasons
Movement in Investments in $372.7 million higher
This is primarily due to an increase in forecast Net Assets
GBEs and SOCs
held by electricity entities of $350.8 million which primarily
reflects the impact of a revaluation of infrastructure assets.
Movements in
Superannuation Liability
$2 914.6 million higher
The increase in the Superannuation liability reflects the latest
actuarial assessment. The increase primarily reflects the
difference between the discount rate applied by the State
Actuary, in accordance with Australian Accounting Standard
AASB 119 Employee
Benefits,
for
financial
reporting
purposes (2.7 per cent) and the estimated long-term bond
rate which is used for Budget purposes (4.75 per cent).
202
2016-17 Estimated Outcome Including March Quarterly Report
NET ACQUISITION OF NON-FINANCIAL ASSETS
Net acquisition of non-financial assets for 2016-17 is estimated to be $198.9 million, $39 million below the
Budget estimate of $237.9 million. The major variations in the net acquisition of non-financial assets are
described in Table A3.5.
Table A3.5:
Item
Major Net Acquisition of Non-Financial Assets Variations
Variance from Budget
Reasons
Purchases of Non-Financial $35.5 million lower
The decrease in Purchases of Non-Financial Assets
Assets
primarily reflects:

a decrease in the Department of Health and Human
Services of $42.7 million due to revised cashflows
for the Royal Hobart Hospital Redevelopment
Project to update the timing of likely expenditure of
the program.
This decrease is partially offset by increases of:
 $5 million
in
Affordable
Housing
Strategy
expenditure brought forward from 2017-18 as part
of the Northern Economic Stimulus Package; and
 $5.8 million
for initiatives under Tasmania's
Affordable Housing Action Plan 2015-19; and

a decrease in the Department of State Growth of
$37.5 million due to;
 the reallocation of $33.6 million of Australian
Government
Roads
Program
funding
from
2016-17 to 2017-18 and 2018-19 to better align
with revised program expenditure projections; and
 a reclassification of $8.7 million to Supplies and
Consumables
based
on
revised
program
expenditure projections.
This decrease is partially offset by additional
expenditure of $4 million for roads and bridge
infrastructure repair costs associated with the
June 2016 Floods.
2016-17 Estimated Outcome Including March Quarterly Report
203
Table A3.5:
Major Net Acquisition of Non-Financial Assets Variations
(continued)
Item
Variance from Budget
Reasons
Purchases of Non-Financial
The above decreases in Purchases of Non-Financial Assets
Assets (continued)
expenditure have been partly offset by the following
increases in expenditure:

Tasmanian Health Service of $17.4 million primarily
reflecting:
 a $10 million increase following the decision by the
Australian Government to transfer ownership of the
Mersey Community Hospital to the State which is
expected to occur by 30 June 2017;
 $3.4 million of own source revenue funded asset
purchases
relating
to
asbestos
removal,
ICT
stabilisation and equipment purchases;
 $2.0 million
of works undertaken at the Mersey
Community Hospital following the reconfiguration of
maternity services in the North-West; and
 $1.7 million
for
minor
capital
reconfiguration
in
statewide hospitals funded as a part of the Patients
First - Stage 2 initiative; and

Department of Primary Industries, Parks Water and
Environment of $10.8 million primarily reflecting
additional Parks infrastructure costs of $9 million
following the June 2016 Floods.
204
2016-17 Estimated Outcome Including March Quarterly Report
GENERAL GOVERNMENT BALANCE SHEET
Table A3.6:
General Government Balance Sheet
2017)
2017)
2017)
) Estimated) March YTD
Budget)
Outcome)
Actual
$m)
$m)
$m)
880.8)
1 179.6)
1 436.4
54.2)
44.3)
47.2
4 482.8)
5 703.4)
4 427.2
27.4)
23.1)
20.5
Receivables
316.6)
319.5)
329.4
Other Financial Assets
847.0)
807.1)
796.1
6 608.9)
8 077.0)
7 056.7
Land and Buildings
6 098.6)
5 984.6)
5 876.5
Infrastructure
4 779.3)
4 521.4)
4 365.7
Plant and Equipment
224.6)
240.5)
250.1
Heritage and Cultural Assets
502.4)
471.9)
461.5
Assets
Financial Assets
Cash and Deposits
Investments
Equity Investment in PNFC and PFC Sectors1
Other Equity Investments
Non-Financial Assets
Investment Property
Intangibles
Assets Held for Sale
Other Non-Financial Assets
Total Assets
3.0)
3.2)
2.8
51.8)
45.5)
49.1
4.7)
5.7)
9.2
31.5)
38.3)
38.5
11 696.0)
11 311.0)
11 053.3
18 304.9)
19 388.0)
18 110.0
Liabilities
633.7)
564.1)
624.1
6 345.5)
6 176.4)
8 947.8
Employee Entitlements
583.0)
612.7)
602.2
Payables
134.9)
132.8)
74.3
Other Liabilities
358.7)
408.3)
404.4
8 055.7)
7 894.3)
10 652.8
10 249.2)
11 493.7)
7 457.2
Borrowings
Superannuation2
Total Liabilities
NET ASSETS
2016-17 Estimated Outcome Including March Quarterly Report
205
Table A3.6:
General Government Balance Sheet (continued)
2017)
2017)
2017)
) Estimated) March YTD
Budget)
Outcome)
Actual
$m)
$m)
$m)
5 293.3)
6 782.4)
2 812.1
Equity
Accumulated Funds
4 955.9)
4 711.3)
4 645.1
10 249.2)
11 493.7)
7 457.2
NET WORTH3
10 249.2)
11 493.7)
7 457.2
NET FINANCIAL WORTH4
(1 446.7)
182.6
(3 596.1)
5 929.6)
5 520.8
8 023.2
(301.3)
(659.8)
(859.5)
Asset Revaluation Reserve
Total equity
KEY FISCAL AGGREGATES
NET FINANCIAL LIABILITIES5
NET DEBT6
Notes:
1. The increase primarily reflects the investment of the one-off Australian Government payment of $730.4 million, following
the decision by the Australian Government to transfer ownership of the Mersey Community Hospital to the State, which is
expected to occur by 30 June 2017. In addition, there are forecast increases in net assets for Hydro Tasmania and the
Motor Accidents Insurance Board.
2. The Superannuation liability as at 31 March 2017 is based on the latest actuarial valuation as at 30 June 2016 adjusted
for the employer service cost and the nominal interest expense, based on actuarial advice, for the nine months ending
31 March 2017. There is a difference of $2 771.4 million between the Estimated Outcome and the March year to date
valuation of the Superannuation liability. This reflects the difference between the discount rate applied by the State Actuary,
in accordance with Australian Accounting Standard AASB 119 Employee Benefits, for financial reporting purposes
(2.7 per cent) and the estimated long-term bond rate which is used for Budget purposes (4.75 per cent at 30 June 2016).
3. Net Worth represents Total Assets (both Financial and Non-Financial) less Total Liabilities.
4. Net Financial Worth represents Total Financial Assets less Total Liabilities.
5. Net Financial Liabilities represents Total Liabilities less Financial Assets, excluding Equity Investment in the PNFC and
PFC Sectors.
6. Net Debt represents Borrowings less the sum of Cash and Deposits and Investments.
206
2016-17 Estimated Outcome Including March Quarterly Report
GENERAL GOVERNMENT CASH FLOW
STATEMENT
Table A3.7:
General Government Cash Flow Statement
2016-17)
2016-17)
2016-17)
) Estimated) March YTD
Budget)
Outcome)
Actual
$m)
$m)
$m)
3 634.6)
4 371.9)
2 716.3
1 045.9)
1 084.5)
815.6
353.7)
404.1)
295.8
96.5)
95.8)
72.6
Cash Flows from Operating Activities
Cash Received from Operating Activities
Grants Received1
Taxation
Sales of Goods and Services
Fines and Regulatory Fees
Interest Received
16.6)
22.1)
13.2
Dividend, Tax and Rate Equivalents
234.2)
301.2)
241.5
Other Receipts
331.9)
361.8)
310.4
5 713.5)
6 641.3)
4 465.5
(2 298.5)
(2 350.1)
(1 757.3)
(442.6)
(448.9)
(320.9)
(1 117.6)
(1 217.4)
(870.3)
Cash Payments for Operating Activities
Employee Entitlements
Superannuation
Supplies and Consumables
Borrowing Costs
(10.4)
(10.5)
(2.1)
(1 206.1)
(1 242.9)
(958.6)
(205.9)
(215.5)
(176.1)
(5 281.2)
(5 485.2)
(4 085.3)
432.3
1 156.1)
380.2
(524.8)
(476.3)
(261.3)
28.3
29.4)
26.9
(496.5)
(447.0)
(234.4)
(Policy Purposes)
Equity Injections2
(63.2)
(795.9)
(32.9)
Net Advances Paid
....
….
(4.0)
Equity/Disposals
0.7
0.7
1.7
(62.5)
(795.2)
(35.2)
Grants and Subsidies Paid
Other Payments
Net Cash Flows from Operating Activities
Cash Flows from Investing Activities
Net Cash Flows from Non-Financial Assets
Purchases of Non-Financial Assets
Sales of Non-Financial Assets
Net Cash Flows from Financial Assets
2016-17 Estimated Outcome Including March Quarterly Report
207
Table A3.7:
General Government Cash Flow Statement (continued)
2016-17)
2016-17)
2016-17)
) Estimated) March YTD
Net Cash Flows from Investing Activities
Budget)
Outcome)
Actual
$m)
$m)
$m)
(559.0)
(1 242.1)
(269.5)
(35.7)
(61.4)
(1.2)
(35.7)
(61.4)
(1.2)
(162.5)
(147.4)
109.5
1 043.3
1 326.9
1 326.9
880.8
1 179.6
1 436.4
Net Cash Flows from Financing Activities
Net Borrowing
Net Increase/(Decrease) in Cash Held
Cash at Beginning of the Year
Cash at End of the Year
KEY FISCAL AGGREGATES
Net Cash Flows from Operating Activities
Plus Net Cash from Investments in Non-Financial Assets
Equals CASH SURPLUS/(DEFICIT)
432.3
1 156.1)
380.2
(496.5)
(447.0)
(234.4)
(64.2)
709.1
145.8
Notes:
1. The increase in Grants Received primarily reflects the estimated receipt of a significant one-off Australian Government
payment of $730.4 million for the transfer of the Mersey Community Hospital to the State by 30 June 2017 (the National
Partnership on Transfer of the Mersey Community Hospital).
2. The increase in Equity Injections primarily reflects the investment in the Tasmanian Public Finance Corporation of the
one-off Australian Government payment of $730.4 million, following the decision by the Australian Government to transfer
ownership of the Mersey Community Hospital to the State, which is expected to occur by 30 June 2017.
208
2016-17 Estimated Outcome Including March Quarterly Report
CONSOLIDATED FUND
Table A3.8:
Consolidated Fund Outcome
2016-17
2016-17
2016-17
Estimated March YTD
Budget
Outcome
Actual
$m
$m
$m
General purpose payments
2 299.2
2 254.9
1 711.3
Specific purpose payments
508.1
510.6
442.6
71.3
71.5
53.7
0.1
0.1
....
2 878.6
2 837.1
2 207.6
Taxation
929.6
969.8
737.9
Receipts from government businesses
Recurrent receipts
Australian Government sources
National Partnership Payments
Other Grants and Subsidies
State sources
247.9
274.4
254.2
Departmental fees and recoveries
95.9
96.5
74.7
Recoveries of State debt charges
0.1
0.1
....
Sale and rent of government property
5.0
5.0
....
Resource rents and royalties
25.0
45.6
32.8
147.8
176.6
100.9
1 451.2
1 568.1
1 200.6
3.5
3.5
2.2
3.5
3.5
2.2
4 333.4
4 408.7
3 410.4
Appropriation Act
3 751.3
3 801.4
2 780.3
Reserved by Law
324.2
317.7
229.1
4 075.5
4 119.1
3 009.4
238.3
242.2
147.0
238.3
242.2
147.0
4 313.8
4 361.3
3 156.4
19.6
47.4
254.0
Other recurrent receipts
Capital receipts
State sources
Other capital receipts
Total Receipts
Less Expenditure
Recurrent services
Works and services
Capital Investment Program
Total Expenditure
CONSOLIDATED FUND SURPLUS
2016-17 Estimated Outcome Including March Quarterly Report
209
Table A3.8:
Consolidated Fund Expenditure by Agency
2016-17
2016-17
2016-17
Estimated
March YTD
Budget
Outcome
Actual
$m
$m
$m
1 208.1
1 212.2
936.2
56.2
47.9
33.4
1 264.3
1 260.1
969.6
539.7
552.3
362.1
539.7
552.3
362.1
1 244.6
1 250.3
925.8
33.9
41.6
17.3
1 278.5
1 291.9
943.1
8.0
8.0
5.6
8.0
8.0
5.6
2.3
2.3
1.6
2.3
2.3
1.6
142.6
146.4
110.0
1.9
1.5
0.6
144.5
148.0
110.5
6.5
6.8
4.9
6.5
6.8
4.9
Recurrent services
6.1
6.3
5.2
Works and services
0.9
0.9
....
7.0
7.2
5.2
19.6
19.5
15.0
19.6
19.5
15.0
6.4
6.5
4.8
6.4
6.5
4.8
Education
Recurrent services
Works and services
Finance-General
Recurrent services
Health and Human Services
Recurrent services
Works and services
House of Assembly
Recurrent services
Integrity Commission
Recurrent services
Justice
Recurrent services
Works and services
Legislative Council
Recurrent services
Legislature-General
Ministerial and Parliamentary Support
Recurrent services
Office of the Director of Public Prosecutions
Recurrent services
210
2016-17 Estimated Outcome Including March Quarterly Report
Table A3.8:
Consolidated Fund Expenditure by Agency (continued)
2016-17
2016-17
2016-17
Estimated
March YTD
Budget
Outcome
Actual
$m
$m
$m
4.0
4.0
2.7
4.0
4.0
2.7
2.1
2.1
1.4
2.1
2.1
1.4
Recurrent services
209.5
209.9
147.1
Works and services
17.0
17.0
7.2
226.5
226.9
154.3
72.4
71.2
45.9
Office of the Governor
Recurrent services
Office of the Ombudsman
Recurrent services
Police, Fire and Emergency Management
Premier and Cabinet
Recurrent services
Works and services
1.1
1.1
0.3
73.5
72.3
46.2
Recurrent services
163.2
171.5
134.9
Works and services
10.5
19.1
4.1
173.7
190.6
139.0
Recurrent services
371.6
376.9
262.3
Works and services
113.5
110.4
82.9
485.0
487.3
345.2
2.3
2.3
1.8
2.3
2.3
1.8
26.8
26.8
13.6
26.8
26.8
13.6
Recurrent services
39.7
43.8
28.4
Works and services
3.2
2.6
1.4
42.9
46.4
29.7
4 313.8
4 361.3
3 156.4
Primary Industries, Parks, Water and Environment
State Growth
Tasmanian Audit Office
Recurrent services
Tourism Tasmania
Recurrent services
Treasury and Finance
TOTAL
2016-17 Estimated Outcome Including March Quarterly Report
211