Summary: This statistical indicators paper identifies the recent trends in the value, sales and acquisitions of NSW public sector assets, at a whole of government, and individual department and public sector corporation level (selected by order of asset value for the 2012-13 financial year). As a preliminary to that discussion, the paper also presents recent trends in the State Budget position.
The data presented in this paper illustrates that real value of NSW public sector assets has increased consistently in the last decade or so. This has been driven predominantly by the revaluation of non-financial assets such as land and property, and also non-financial asset purchases.
This growth has not been consistent across all NSW public sector organisations. Of those presented in this paper, it is evident that public trading enterprises with a high composition of land and property assets (such as the NSW Land and Housing Corporation) have experienced considerably higher real net asset value growth than other general government organisations (which are comprised of a higher proportion of operational assets subject to depreciation).