Our Finances

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 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.

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.