Chapter One - Overview > Financial Overview > page 8 of 16
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Financial Overview

Defence's Financial Position

Trends in Defence Assets and Liabilities

Chart 1.1 shows the actual movement of major categories of assets since 2000-01. Over this period assets have increased by $5.6 billion from $48.2 billion to $53.8 billion.

Chart 1.1Historical Trends in Defence's Assets
bar chart - select for accessible version

Chart 1.2 shows the actual movement of major categories of liability since 2000-01. The significant reduction in liabilities between 2003-04 and 2004-05 is due primarily to the transfer of military compensation liability to the Department of Veterans' Affairs ($1.9 billion).

Chart 1.2Historical Trends in Defence's Liabilities
bar chart - select for accessible version

Defence's net worth has increased over the period since 2000-01 by $4.5 billion from $45.6 billion to $50.1 billion as follows:

Table 1.4 Movements in Defence's Net Worth 2000-01 to 2004-05
2001-02
$b		 2002-03
$b		 2003-04
$b		 2004-05
$b
Assets 50.0 51.4 52.3 53.8
Liabilities -4.4 -5.2 -5.7 -3.7
Net Worth 45.6 46.2 46.6 50.1
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