Performance and Financials

The largest contribution to our income is from the State Government totalling just over $1.69 billion. Our second highest revenue source was from ‘other income’ and saw a record increase from $190 million up to $1.49 billion, making up 36 per cent of funds received. The majority of this represents assets that were transferred to us from local government. The remaining contributions are from the Royalties for Regions Program and for roadworks on our infrastructure made by public and private bodies’. Our third income source comes from the Commonwealth Government valued at more than $965 million, an increase of almost 45 per cent. Programs funded under this arrangement include the new Regional Road Safety Program, Heavy Vehicle Safety and Productivity and the Black Spot Program as well as funding for National Road Projects.

Expenditure

During the year we spent funds of $2.8 billion delivering services 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 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 $54.2 billion which is an increase of $4.6 billion when compared against last year. The major component of our assets is road infrastructure assets, making up 91% of what we own representing $49.51 billion. Following is a breakdown of the main categories of assets we managed on behalf of the community over the last three years.