Our Finances

Our financial summary shows key elements of our performance, with further detailed information in the Financial Statements and Notes. This year Main Roads received $2.34 billion in funding and invested more than $2.46 billion in managing the state road network.

Funding sources

Funding Sources

$2.3B
Funding Received

State

Commonwealth

Other

State - 63%
Commonwealth - 28%
Other - 9%

  2018
$ million
2019
$ million
2020
$ million

State

1,575

1,630

1,489

Commonwealth

772

623

667

Other

145

212

190

Total Funding Received

2,490

2,465

2,346

The largest contribution to our income is from the State Government totalling just over $1.48 billion or 63 per cent of total funds received. At 28 per cent, our second highest contribution comes from the Commonwealth Government valued at more than $667 million. These funds assist national and regional economic and social development by improving the performance of land transport infrastructure and include the Heavy Vehicle Safety and Productivity and Black Spot Program. Other income sources include the Royalties for Regions Program and contributions to roadworks on our infrastructure made by public and private bodies.

Expenditure

During the year, we spent funds of $2.46 billion delivering services and managing the road network across the state.

Expenditure by Service

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.

Expenditure by Service

$1.8B
Expenditure by Service

Road Safety

Road Management

Road Efficiency

Community Access

Road Maintenance

State Development

Road Safety - 10%
Road Management - 9%
Road Efficiency - 31%
Community Access - 2%
Road Maintenance - 23%
State Development - 25%

  2018
$ million
2019
$ million
2020
$ million

Road Safety

163

159

175

Road Management

136

128

174

Road Efficiency

330

411

563

Community Access

137

52

36

Road Maintenance

491

449

426

State Development

467

619

461

Total expenditure

1,724

1,818

1,835

 

Expenditure by Type

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.

Expenditure by Type

$2.4B
Expenditure by Type

Employee benefits and superannuation

Supplies and services

Depreciation expense and amortisation

Grants and subsidies

Other expenses

Capital expenditure

Employee benefits and superannuation - 3%
Supplies and services - 18%
Depreciation expense and amortisation - 16%
Grants and subsidies - 9%
Other expenses - 4%
Capital expenditure - 50%

  2018
$ million
2019
$ million
2020
$ million

Employee benefits and superannuation

72.0

64.5

66.0

Supplies and services

519.0

431.3

446.9

Depreciation expense and amortisation

349.0

378.1

396.1

Grants and subsidies

271.1

332.6

232.2

Other expenses

46.1

93.0

101.5

Capital expenditure

1,065.2

1,271.2

1,221.6

Total expenditure

2,322.4

2,570.7

2,464.3

Our Assets

This year the total value of our assets is $49.68 billion which is an increase of $1.4 billion when compared against last year. The major component of our assets is road infrastructure assets, making up 92% of what we own representing $45.63 billion. Following is a breakdown of the main categories of assets we managed on behalf of the community over the last three years.

Total Assets

$49.6B
Total Assets

Roads and Principal Shared Paths

Land under roads

Bridges

Other infrastructure

Property and plant

Amounts receivable

Other assets

Roads and Principal Shared Paths - 32%
Land under roads - 46%
Bridges - 9%
Other infrastructure - 5%
Property and plant - 1%
Amounts receivable - 6%
Other assets - 1%

  2018
$ billion
2019
$ billion
2020
$ billion

Roads and Principal Shared Paths

14.3

14.5

15.9

Land under roads

23.6

23.2

22.9

Bridges

3.9

4.1

4.3

Other infrastructure

2.0

2.5

2.5

Property and plant

0.4

0.4

0.4

Amounts receivable

2.5

2.8

3.1

Other assets

0.7

0.7

0.5

Total

47.4

48.2

49.6