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Our financial summary shows key elements of our performance, with further detailed information in Financial Statements and Notes.
This year Main Roads received $2.46 billion in funding and invested more than $2.57 billion in managing the state road network.
$2.46B
Funding Received
State
Commonwealth
Other
| Funding Sources ($ million) | 2017 | 2018 | 2019 |
| State | 1,416 | 1,575 | 1,630 |
| Commonwealth | 263 | 772 | 623 |
| Other | 139 | 145 | 212 |
| Total Funding Received | 1,820 | 2,490 | 2,465 |
The largest contribution to our income is from the State Government with just over $1.63 billion or 66% of total funds received. At 25%, our second highest contribution comes from the Commonwealth Government valued at more than $623 million. These funds assist national and regional economic and social development by improving the performance of land transport infrastructure and include the National Black Spot Program and other local and national road projects. Other income sources include the Road Trauma Trust, Regional Royalties Program and funds for natural disasters to reinstate and re-open road infrastructure damaged by natural disasters.
During the year we spent funds of $2.57 billion delivering services across the state.
The following shows the allocation of these funds aligned against our six – outcome based Services. Further information on each of the services the projects delivered, our performance and achievements are included in the Operational Performance section.
$1.81B
Expenditure by Service
Road Safety
Road Management
Road Efficiency
Community Access
Maintenance
State Development
| EXPENDITURE BY SERVICE ($ billion) | 2017 | 2018 | 2019 |
| Road Safety | 283 | 163 | 159 |
| Road Management | 125 | 136 | 128 |
| Road Efficiency | 358 | 330 | 411 |
| Community Access | 48 | 137 | 52 |
| Road Maintenance | 399 | 491 | 449 |
| State Development | 360 | 467 | 619 |
| Total | 1,573 | 1,724 | 1,818 |
As you might expect, capital works represent our largest expenditure. This is followed by supplies and services associated with asset management, network operations and of course maintenance of our road network. In addition, due to the size of our asset base, we have a significant amount of depreciation. The next biggest area of expenditure is associated with grants and subsidies primarily to local government assisting with the maintenance and improvement of the local road network.
$2.57B
Expenditure by Type
Employee benefits and superannuation
Supplies and services
Depreciation expense and amortisation
Grants and subsidies
Other expenses
Capital expenditure
| EXPENDITURE BY TYPE ($ million) | 2017 | 2018 | 2019 |
| Employee benefits and superannuation | 67.5 | 72 | 64.5 |
| Supplies and services | 472.7 | 519 | 431.3 |
| Depreciation expense and amortisation | 368.8 | 349 | 378.1 |
| Grants and subsidies | 275.9 | 271.1 | 332.6 |
| Other expenses | 143.5 | 46.1 | 93 |
| Capital expenditure | 951.6 | 1,065.2 | 1,271.2 |
| Total expenditure | 2,280.0 | 2,322.4 | 2,570.7 |
This year the total value of our assets is $48.26 billion which is an increase of about $800 million when compared against last year. The major component of our assets is road infrastructure assets, making up 92% of what we own representing $44.39 billion. Following is a breakdown of the main categories of assets we managed on behalf of the community over the last three years.
$48.26B
Total Assets
Roads and Principal Shared Paths
Land under roads
Bridges
Other infrastructure
Property and plant
Amounts receivable
Other assets
| Our Assets ($ billion) | 2017 | 2018 | 2019 |
| Roads and Principal Shared Paths | 13.9 | 14.3 | 14.5 |
| Land under roads | 23.8 | 23.6 | 23.2 |
| Bridges | 3.8 | 3.9 | 4.1 |
| Other infrastructure | 1.6 | 2.0 | 2.5 |
| Property and plant | 0.5 | 0.4 | 0.4 |
| Amounts receivable | 2.2 | 2.5 | 2.8 |
| Other assets | 0.4 | 0.7 | 0.7 |
| Total Assets | 46.3 | 47.4 | 48.2 |