Megalania

FYI:

Net FDI, in Australia in 1991, was 3 per cent of total assets. In 2000, net FDI was unchanged at 3 per cent of total Australian assets.

jayr

Net FDI is an annual thing, if this is positive then total foreign investment is increasing. Its true that foreigners do not own half the country, however, they own 29%. This will increase with positive FDI.


http://www.abs.gov.au/Ausstats/[email protected]

pommie bastard

This land of plenty was a dumping ground for convicts , now you are working for the jailers again.

Megalania

Ta jayr.

Net Foreign Direct Investment (FDI) is measured as both change (eg annually) and as a total. For an explanation of the term "Direct Investment" see:
Chapter 12. Direct investment

Your reference is to "the value of equity on issue" while the DFAT reference is to the value of assets. Equilty on issue being narrower than assets.

I am sure it is true that there is a much higher proportion of foreign ownership "at the big end of town" than of, for example houses. (General Motors vs Bill's Repair Shop)

Would you be interested in pulling out similar info on the UK?

jayr

Tried, but couldn't quickly find. The ABS a lot better than the ONS in that respect

pommie bastard

You always come out with a pollie answer , try naming an Australian owned car producer? aircraft producer (Qantas put the country $3 billion in the red buying a few planes).

Megalania

In my view, this whole who owns what thing is a bit of a Furphy. Technically the Australian governments own the lot as witnessed by its ability to tax all changes in ownership - real estate, goods, services, incomes etc.

General Motors: Holden

2000 Financial Performance to December 31
$237 million net operating profit
$4.7 billion sales revenue
5.0 per cent return on sales

By the grace of Australian governments, General Motors added $237M to its private ownership of the comonweal.

pommie bastard

GM has always owned Holden , get real? GM is bigger than most countries try and tell them what to do?
PS you have to be a pollie ?

GM generated approximately $3.3 billion in automotive cash in the first quarter of 2003, including approximately $1.1 billion from the sale of GM Defense. Cash, marketable securities, and assets of the VEBA trust invested in short-term fixed-income securities totaled $20.6 billion at March 31, 2003, excluding financing and insurance operations and Hughes, compared with $17.3 billion on Dec. 31, 2002. The increase in cash improved GM’s net liquidity to $5.6 billion at the end of the first quarter of 2003 versus $2.3 billion at the end of 2002.


GM Asia Pacific earned $75 million in the first quarter of 2003, up from $7 million in the year-ago quarter. Shanghai GM and GM’s Australia-based Holden continued to post strong financial results. Asia-Pacific results also benefited from lower-than-expected start-up costs at GM Daewoo Auto & Technology Co. GM Latin America/Africa/Mid-East (GMLAAM) lost $12 million in the first quarter of 2003, compared with a loss of $40 million in the year-ago period.




http://www.gm.com/flash_homepage/
http://www.gm.com/company/investor_i..._res/index.htm
http://www.gm.com/company/corp_info/global_locations/

boots

Just a quick response to posturing bastard in regards to Qantas purchases putting Australia in the red,what is overlooked is when the Boeing aircraft are SOLD plus the amount of revenue that they produce.

pommie bastard

Qantas 25% Brit owned , plus planes all had Rolls Royce engines for everything a country buys it must sell something of same value .


The Finance Department was accused of breaching its own regulations by overvaluing the Telstra share price and creating a $3 billion question mark over the Budget.

Before the Senate's Finance Estimates Committee, department officials struggled to explain how the Budget, released a fortnight ago, valued the telco's share price at $5.25, rather than the normal assumed price of $4.75.

Labor finance spokesman Stephen Conroy said that by using the higher value, the commonwealth's total net worth was at least $3 billion higher than it should have been.

But the government played down the issue, saying the discovery had no impact on the Budget bottom line and labelling it a technical problem.

Pommie_Bastard

How come I dont own nuffing?

jayr

Megal(om)ania back again...


megalomania
// noun 1. a form of mental alienation marked by delusions of greatness, wealth, etc.

pommie bastard

Because you are no one? but have many names?

Megalania

My goodness jayr, you're a wiz with the keyboard.

pommie bastard

You are a wiz with names?
A hollow man ?