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|
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- King, S-P, 1997. "Asset Valuation and Access," CEPR Discussion Papers 365, Centre for Economic Policy Research, Research School of Economics, Australian National University.
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