Government Trading Enterprises performance indicators 1991-92 to 1995-96
Government Trading Enterprises performance indicators 1991-92 to 1995-96Performance monitoring report
This report was released in two volumes on 1 May 1997. Volume 1 contains the report and Volume 2 contains the associated data.
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Government Trading Enterprises Performance Indicators 1991-92 to1995-96 (PDF 1.8 MB)'Consumers are continuing to gain from GTE reform,' said Mr Bill Scales, Chairman of the National Committee for Performance Monitoring of Government Trading Enterprises. 'The community is getting greater value for money. On average, real prices charged by government trading enterprises [GTEs] are falling without any apparent loss of service, and profitability is improving.'
The Committee which monitors the performance of Government businesses released its fifth annual report today. The report, Government Trading Enterprises Performance Indicators 1991-92 to 1995-96, documents the performance of 73 of Australia's major government trading enterprises in the electricity, gas, water, transport and communications industries.
The report reveals that:
- On average, real prices fell by over 5 per cent in 1995-96, continuing an uninterrupted trend of falling average real prices since 1991-92
- Customer satisfaction within most sectors is improving
- Average profitability showed a modest improvement in 1995-96 with significant increases in payments to governments
- The return on assets rose in 1995-96.
However, the report exposes an unevenness in performance trends across sectors, jurisdictions and GTEs. 'Performance improvement is uneven, suggesting that some GTEs could do better. For example, some public transport GTEs continue to have low levels of cost recovery from customers' said Mr Scales.
Mr Scales emphasised the need for a sense of urgency in GTE reform. 'Delays to the implementation of reforms such as the National Energy market and the Gas Access Regime will mean that the benefits to Australians from these reforms will come later than they should.'
'Improvements in reporting by GTEs need to continue. One area of concern is the costing and justification of non-commercial activities to meet social objectives. Another is the current value of assets', said Mr Scales.
