Financial Performance of Government Trading Enterprises 1997-98 to 2001-02
Commission research paper
Financial Performance Government Trading Enterprises 1997-98 to 2001-02 was released on 26 June 2003. The report is the first in a new three-year program of research by the Productivity Commission designed to provide comparable information on the financial performance of government trading enterprises. It continues previous work by the Commission and an earlier series of broader Red Book reports, under the auspices of the Steering Committee on National Performance Monitoring of Government Trading Enterprises, between 1991 and 1997. In the current three-year program, the Commission has commenced an examination of the external governance arrangements for GTEs. When the work is completed, it will provide a basis for reviewing whether governance arrangements can be improved and to explore the appropriateness of alternative arrangements. This first report provides contextual information on aspects of governance that affect GTE performance.
An erratum has been released. It replaces page 352 and 353 of the report. In the report, revenue of around $15 million from Australia Post’s associates was overlooked. The inclusion of this revenue increases the reported operating profit of Australia Post by $15 million, to $407 million. Also see:
CONTENTS
Preliminaries
Cover, Copyright, Foreword, Contents, Abbreviations, Key Points
1 Introduction
1.1 Background
1.2 Scope
1.3 External governance
1.4 Report structure
2 Financial performance overview
2.1 Profitability
2.2 Financial management
2.3 Government transactions
3 Interpretation of performance measures
3.1 Data
3.2 Performance indicators
3A Definitions of financial performance indicators
PART A EXTERNAL GOVERNANCE RESEARCH
4 Corporatisation framework
4.1 GTE reforms
4.2 Corporatisation
4.3 Corporatisation frameworks
5 Responsibility for objectives and board authority
5.1 Responsibility for meeting objectives
5.2 Board authority
5.3 Ministerial interventions
5.4 Other limits on board authority
6 GTE objectives
6.1 Establishing and approving objectives
6.2 Expression of objectives in statements of corporate intent
PART B GTE SECTOR PERFORMANCE REPORTS
7 Electricity
7.1 Monitored GTEs
7.2 Market environment
7.3 Profitability
7.4 Financial management
7.5 Financial transactions
7.6 GTE performance reports
8 Water, sewerage, drainage and irrigation
8.1 Monitored GTEs
8.2 Market environment
8.3 Profitability
8.4 Financial management
8.5 Financial transactions
8.6 GTE performance reports
9 Urban transport
9.1 Monitored GTEs
9.2 Profitability
9.3 Financial management
9.4 Financial transactions
9.5 GTE performance reports
10 Railways
10.1 Monitored GTEs
10.2 Market environment
10.3 Profitability
10.4 Financial management
10.5 Financial transactions
10.6 GTE performance reports
11 Ports
11.1 Monitored GTEs
11.2 Market environment
11.3 Profitability
11.4 Financial management
11.5 Financial transactions
11.6 GTE performance reports
12 Forestry
12.1 Monitored GTEs
12.2 Market environment
12.3 Profitability
12.4 Financial management
12.5 Financial transactions
12.6 GTE performance reports
13 Commonwealth GTEs
A Monitored GTEs, 2001-02
B Corporatisation framework in Australian jurisdictions
C Statements of corporate intent
References
Erratum
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