We commenced 2012–13 with a capital budget of $211.5 million which comprised:
- a departmental capital budget of $110.9 million
- equity funding of $80.1 million
- funding from internal resources of $20.5 million.
Over 2012–13, our capital budget reduced by $21.1 million as a result of government decisions as well as some changes to internal resources allocated to capital expenditure.
Capital expenditure was $174.4 million, representing an underspend of $16.0 million, which was all related to equity funding.