Aggregate financial statements

Overview

The datasets provide historical data, some going back 20 to 40 years for major fiscal aggregates. Wherever possible, adjustments have been made to make the historical series consistent with the forward estimates.


Historical and forward estimates financial statements - general government sector

All historical accounting based tables have been presented in the format adopted under Australian equivalent to International Financial Reporting Standards (A-IFRS), and Government Finance Statistics (GFS) statistical aggregates have been converted to an accruals basis.

The historical operating statement and cash flow statement have also been revised back to 2004-05 for consistency with AASB 1049 Whole of Government and General Government Sector Financial Reporting. However, some breaks in series remain.

All data sets incorporate financial information published in the 2016-17 Financial Report2017-18 Budget and 2017-18 Budget Update.

Consolidated comprehensive operating statement

This statement contains the general government sector net operating result from 1996-97 presented in A-IFRS format which was first introduced for the 2005-06 budget, including the effect of removing one-off Commonwealth grants on the net result from transactions.

Consolidated operating statement (XLSX 54kb)

Consolidated balance sheet

This contains the general government sector balance sheet from 30 June 2005.

Consolidated balance sheet (XLSX 47kb)

The current year budget and forward estimates are based on estimated opening balances. At budget update (December each year), the budget numbers are updated based on actual opening balances at 1 July plus current year budgeted movements.

Consolidated cash flow statement

This statement contains the trends in general government sector aggregate cash flows from 1986-87. This table of historical and current data has been compiled as far as possible on an A-IFRS basis.

Consolidated cash flow statement (XLSX 48kb)

The data from 1997-98 includes the transactions of government schools and the arts institutions on a gross operating basis, as well as the full trading operations of TAFE institutes and hospitals, nursing homes and ambulance services.

Consolidated statement of changes in equity

This contains the general government statement of changes in equity series from 30 June 2010.

This table of current data presents reconciliations of each non-owner and owner equity opening balance at the beginning of the year to the closing balance at the end of the year.

Consolidated statement of changes in equity (XLSX 39kb)

It also shows separately, movements due to amounts recognised in the estimated comprehensive result and amounts recognised in equity related to estimated transactions with owners in their capacity as owners.

Consolidated government purpose classification data

This data contains general government sector operating expenses, sourced from the Australian Bureau of Statistics historical data, categorised by government purpose.

The underlying data from 1961-62 to 1997-98 represents a conversion from the original cash series to an accruals basis by estimating depreciation and superannuation expenses based on statistical modelling.

Consolidated government purpose classification data (XLSX 50kb)

Although the conversion provides a basis for comparison with total expenses in the current series of accrual GFS information from 1998 (in the attached table), the estimated accrued expense items have not been apportioned to individual purpose classifications.

The absence of these splits between functional classifications in the attached table data therefore represents a break in the series and it is not possible to compare individual purpose categories with those in other tables.

For definitions of each category see Consolidated Government Purpose Classification Definitions (DOC 230kb).

Controlled entities list

This is a list of significant controlled government entities which contribute to the financial statements in this budget.

Controlled entities list (DOCX 89kb)

Minor subsidiaries of these entities are not separately included in this list.

For further information about the consolidation policy, refer to Controlled entities online data set.

Historical financial statements – whole of State

The datasets provide historical information from 2007-08. Wherever possible, adjustments have been made to make the series consistent with AASB 1049 Whole of Government and General Government Sector Financial Reporting.

It is important to note that due to the elimination of transactions occurring between the general government, public non-financial corporations and public financial corporations sectors in arriving at a consolidated position, not all variations in each sector will affect the overall State of Victoria result.

All data sets incorporate financial information published in the 2016-17 Financial Report2017-18 Budget and 2017-18 Budget Update.

Consolidated comprehensive operating statement

This contains the whole of State consolidated comprehensive operating statement from 2007-08.

Consolidated comprehensive operating statement (XLSX 29kb)

Consolidated balance sheet

This contains the whole of State consolidated balance sheet from 30 June 2008.

Consolidated balance sheet (XLSX 25kb)

Consolidated cash flow statement

This contains the whole of State consolidated statement of cash flows from 2007-08.

Consolidated cash flow statement (XLSX 28kb)

Consolidated statement of changes in equity

This contains the whole of State statement of changes in equity from 2007-08.    

Consolidated statement of changes in equity (XLSX 27kb)