Other financial aggregates

Overview

These datasets provide financial series for a number of general government sector financial aggregates and will be updated with each relevant publication i.e. budget papers, financial reports.


Wherever possible, adjustments have been made to make the historical series consistent with the current accounting framework used by the State of Victoria. All data sets incorporate financial information published in the 2016-17 Financial Report2017-18 Budget and 2017-18 Budget Update.

Operating statement aggregates

This statement provides historical data for the operating statement aggregates - income from transactions, expenses from transactions and net result from transactions.

Net result from transactions or net operating balance is a key fiscal aggregate and is revenue from transactions minus expenses from transactions.

It is a summary measure of the ongoing sustainability of operations. It excludes gains and losses resulting from changes in price levels and other changes in the volume of assets.

It is the component of the change in net worth that is due to transactions and can be attributed directly to government policies.

This information has been extracted from the operating statement series.

Operating statement aggregates (XLSX 30kb)

Cash flow aggregates

This statement provides historical data for the cash flow aggregates - cash receipts, cash payments and net cash flows.

This information has been extracted from the cash flow statement series.

Cash flow statement aggregates (XLSX 30kb)


Net debt

This provides historical data on the net debt of the general government sector.

Net debt equals sum of deposits held, advances received, government securities, loans and other borrowing less the sum of cash and deposits, advances paid and investments, loans and placements.


Net financial liabilities

The attached provides historical data on the net financial liability of the general government sector.

Net financial liabilities are the total liabilities less financial assets, other than equity in public non-financial corporations and public financial corporations. This measure is broader than net debt as it includes significant liabilities, other than borrowings e.g. accrued employee liabilities such as superannuation and long service leave entitlements.

Net financial liability (XLSX 19kb)

Net infrastructure investment

This provides historical data for net infrastructure investment in the general government sector.

Net infrastructure investment includes the net purchases of property, plant and equipment and net contributions to other sectors of government, such as the public non-financial corporations sector.

It does not include assets acquired under finance lease arrangements.  


Historical financial statements - non-financial public sector


Consolidated comprehensive operating statement

This spreadsheet provides historical data for the consolidated comprehensive operating statement and shows the non-financial public sector (NFPS) net operating result commencing 2013. This information is consistent with AASB 1049 Whole of Government and General Government Sector Financial Reporting.

Operating statement (XLSX 4.62mb)


Consolidated balance sheet 

This spreadsheet provides historical data for the consolidated balance sheet and shows the non-financial public sector (NFPS) net debt and net financial liabilities from 2013.  This information is consistent with AASB 1049 Whole of Government and General Government Sector Financial Reporting.

Balance sheet (XLSX 4.62mb)

Consolidated cash flow statement 

This spreadsheet provides historical data for the consolidated cash flow statement and shows the trends in the non-financial public sector (NFPS) aggregate cash flows commencing 2013. This information is consistent with AASB 1049 Whole of Government and General Government Sector Financial Reporting.

Cash flow statement (XLSX 4.62mb)

Consolidated statement of changes in equity 

This spreadsheet provides historical data for the consolidated statement of changes in equity for the non-financial public sector (NFPS). The consolidated statement of changes in equity presents reconciliations of non-owner and owner changes in equity from opening balances at the beginning of the reporting period to the closing balances at the end of the reporting period from 2013. This information is consistent with AASB 1049 Whole of Government and General Government Sector Financial Reporting.


Derivation of GFS cash surplus/(deficit) 

This spreadsheet provides the GFS cash surplus/(deficit) which reflects the cash surplus/(deficit) less the value of assets acquired under finance leases and similar arrangements for the non-financial public sector (NFPS).

GFS cash surplus/(Deficit) (XLSX 4.61mb)

Loan council allocation 

Under the Uniform Presentation Framework (UPF), Victoria is required to publish the Loan Council Allocation (LCA) estimates. The LCA is a measure of each government’s net call on financial markets in a given financial year to meet its budget obligations. The method of public release is the responsibility of each jurisdiction. Victoria discloses its LCA information through the Financial Report for the State of Victoria, Budget Paper No. 5 Statement of Finances and Budget Update. The loan council allocation compares the Victorian 2015-16 LCA nomination as published in the 2015-16 Budget with the 2015-16 outcome.

Loan Council allocation (XLSX 4.62mb)

Historical financial statements - general government sector quarterly financial report

Quarterly operating statement

This spreadsheet provides quarterly data for the general government sector Operating Statement.


Quarterly balance sheet 

This spreadsheet provides quarterly data for the general government sector Balance Sheet.


Quarterly cash flow statement 

This spreadsheet provides quarterly data for the general government sector Cash Flow Statement.

Cash flow statement (XLSX 1.29mb)

Historical financial statements - other operating expenses by sector

Other operating expenses generally represent the day-to-day running costs incurred in normal operations, and mainly include the purchase of supplies and consumables and the purchase of services. Supplies and services expenses are forecast on the basis of experience and known activity changes, including consideration of government policy such as efficiency measures, changes in the method of service delivery and appropriate economic parameters. An allowance is made for emerging demand that may arise over the next four years. This is presented in compliance with AASB 1049.

Other operating expenses by sector (XLSX 19kb)

Historical financial statements - specific purpose grants

This spreadsheet contains Commonwealth payments for specific purposes to Victoria for the 2016-17 Financial year.

Specific Purpose Grants (XLSX 39kb)