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Monday, 20 June 2011
Page: 6624

Accommodation and Food Services: Depreciation Expenses

(Question No. 386)

Mr Baldwin asked the Treasurer, in writing, on 25 May 2011:

What was the total value of depreciation expenses in the accommodation and food services industry for (a) 2009-10, (b) 2008-09, (c) 2007-08, (d) 2006-07, and (e) 2005-06.

Mr Swan: The answer to the honourable member's question is as follows:

The total value of depreciation expenses is as follows:

Table 1: Consumption of Fixed Capital by the Accommodation and Food Services Industry (chain volume measure, $ millions)

Financial Year	Consumption of Fixed Capital
2005-06	2729
2006-07	2890
2007-08	3052
2008-09	3201
2009-10	3311

 

Source: ABS Cat. No. 5204.0

The table shows the consumption of fixed capital, or economic depreciation. The ABS defines economic depreciation as the difference between the real economic value of the asset at the beginning of the period and at the end of the period (Australian System of National Accounts, Concepts Sources and Methods, ABS, 2000). Therefore the data may not reflect actual depreciation 'expenses' (book value).