Financial Performance of Government Trading Enterprises 2004-05 to 2005-06
This report provides information on the financial performance of 85 Australian, State and Territory Government trading enterprises (GTEs) and also examines the influence of different asset valuation methods and rate of return measures on performance comparisons and capital management (2004-05 to 2005-06). Although in aggregate, profitability increased in all sectors (with the largest improvements in the electricity, railways and forestry sectors), 37 per cent of GTEs recorded declines, and 13 per cent did not report a profit. Despite some improvement, about half of the monitored GTEs did not achieve commercial rates of return in 2005-06, underscoring a long-term failure of governments to operate these businesses on a fully commercial basis in accordance with their competition policy undertakings. Financial performance monitoring of GTEs forms part of the Commission’s research into the performance of Australian industries and the progress of microeconomic reform. The monitored GTEs provide services in key sectors of the economy — including electricity, water, urban transport, railways, ports and forestry.
|Date of creation:||Jul 2007|
|Date of revision:|
|Contact details of provider:|| Postal: Level 28, 35 Collins St, Melbourne Victoria 3000|
Phone: 61 3 9653 2100
Fax: 61 3 9653 2199
Web page: http://www.pc.gov.au/
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- King, S-P, 1997. "Asset Valuation and Access," CEPR Discussion Papers 365, Centre for Economic Policy Research, Research School of Economics, Australian National University.
When requesting a correction, please mention this item's handle: RePEc:ris:prodrp:0702. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (MAPS)
If references are entirely missing, you can add them using this form.