Wherever possible, adjustments have been made to make the historical series consistent with the current accounting framework used by the State of Victoria. Several new accounting standards issued by the Australian Accounting Standards Board (AASB) have been applied for the first time from 2019-20 onwards. These accounting standards include AASB 1059 Service Concession Arrangements: Grantor (Service Concession Arrangements), AASB 16 Leases (Leases), AASB 15 Revenue from Contracts with Customers and AASB 1058 Income of Not-for-Profit Entities (Revenue).
All data sets incorporate financial information published in the 2024-25 Budget, 2024-25 Budget Update and 2023-24 Financial Report.
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.
Cash flow statement 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.
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.
This provides historical data for net infrastructure investment in the general government sector.
Net infrastructure investment
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.
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.
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.
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).
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.
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.
Historical financial statements - specific purpose grants
This spreadsheet contains Commonwealth payments for specific purposes to Victoria for the 2022-23 Financial year.
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