Section 3: Explanatory tables and budgeted financial statements

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Section 3: Explanatory tables and budgeted financial statements

Section 3 presents budgeted financial statements which provide a comprehensive snapshot of the department’s finances for the budget year 2014-15. It explains how budget plans are incorporated into the financial statements and provides further details of movements in special accounts and government indigenous expenditure.

3.1     Explanatory tables

3.1.1    Special Accounts

The department has no special accounts.

3.1.2    Australian Government Indigenous Expenditure

The 2014‑15 Australian Government Indigenous Statement is not applicable as the department has no indigenous specific expenses.

3.2     Budgeted financial statements

Table 3.2.1:  Comprehensive Income Statement (showing net cost of services)

This statement identifies expenses and revenues and highlights whether the department is operating at a sustainable level.

Table 3.2.2:  Budgeted Departmental Balance Sheet

This statement identifies assets and liabilities. Receivables include appropriations available to the department from prior years.

Table 3.2.3: Departmental Statement of Changes in Equity

This statement summarises the planned movement in equity in 2014-15.

Table 3.2.4:  Budgeted Departmental Statement of Cash Flows

This statement identifies the department’s cash flows, categorising them by operating, financing and investing activities.

Table 3.2.5:  Departmental Capital Budget Statement

This statement identifies the department’s capital budget.

 

Table 3.2.1: Comprehensive Income Statement (showing net cost of services)
(for the period ended 30 June)

 
Estimated actual
2013-14 $'000
Budget estimates
2014-15 $'000
Forward estimate
2015-16 $'000
Forward estimate
2016-17 $'000
Forward estimate
2017-18 $'000
EXPENSES
 
 
 
 
 
Employee benefits
18,116
17,514
16,874
17,077
17,965
Supplier expenses
3,678
3,343
3,212
3,265
2,588
Depreciation and amortisation
539
538
537
541
408
Other
-
-
-
-
-
Total expenses
22,333
21,395
20,623
20,883
20,961
LESS:
 
 
 
 
 
OWN-SOURCE INCOME
 
 
 
 
 
Own-source revenue
 
 
 
 
 
Sale of goods and rendering of services
600
600
600
600
600
Other
-
-
-
-
-
Total own-source revenue
600
600
600
600
600
Gains
 
 
 
 
 
Other
-
-
-
-
-
Total gains
-
-
-
-
-
Total own-source income
600
600
600
600
600
Net cost of (contribution by) services
21,733
20,795
20,023
20,283
20,361
Revenue from Government
21,194
20,257
19,486
19,742
19,953
Surplus (Deficit)
(539)
(538)
(537)
(541)
(408)
Surplus (Deficit) attributable to the Commonwealth
(539)
(538)
(537)
(541)
(408)
OTHER COMPREHENSIVE INCOME
 
 
 
 
 
Changes in asset revaluation reserves
-
-
-
-
-
Total other comprehensive income
-
-
-
-
-
Total comprehensive income
(539)
(538)
(537)
(541)
(408)
Total comprehensive income attributable to the Commonwealth

(539)

(538)

(537)

(541)

(408)

Note: Impact of Net Cash Appropriation Arrangements

 
2013-14
$'000
2014-15
$'000
2015-16
$'000
2016-17
$'000
2017-18
$'000
Total Comprensive Income (loss) attributable to the Commonwealth
(539)
(538)
(537)
(541)
(408)
plus non-appropriated expenses depreciation and amortisation expenses
539
538
537
541
408
Total Comprehensive Income (loss) attributable to the agency
-
-
-
-
-

Prepared on Australian Accounting Standards basis.

 

Table 3.2.2: Budgeted Departmental Balance Sheet
(as at 30 June)

 
Estimated actual 2013-14
$'000
Budget estimate 2014-15
$'000
Forward estimate 2015-16
$'000
Forward estimate 2016-17
$'000
Forward estimate 2017-18
$'000
ASSETS
 
 
 
 
 
Financial assets
 
 
 
 
 
   Cash and cash equivalents
352
352
352
352
352
   Trade and other receivables
11,352
10,982
10,982
10,982
10,982
   Other
-
-
-
-
-
Total financial assets
11,704
11,334
11,334
11,334
11,334
Non-financial assets
 
 
 
 
 
   Property, plant and equipment
1,116
948
911
874
874
   Intangibles
3,028
3,398
3,266
3,134
3,134
   Inventories
35
35
35
35
35
   Other
134
134
134
134
134
Total non-financial assets
4,313
4,515
4,346
4,177
4,177
 
 
 
 
 
 
Total assets
16,017
15,849
15,680
15,511
15,511
LIABILITIES
 
 
 
 
 
Payables
 
 
 
 
 
   Suppliers
136
136
136
136
136
   Other
453
453
453
453
453
Total payables
589
589
589
589
589
Provisions
 
 
 
 
 
   Employee provisions
5,605

5,605

5,605

5,605

5,605
   Other
-
-
-
-
-
Total provisions
5,605
5,605
5,605
5,605
5,605
Total liabilities
6,194
6,194
6,194
6,194
6,194
Net assets
9,823
9,655
9,486
9,317
9,317
EQUITY
 
 
 
 
 
Parents entity interest
 
 
 
 
 
   Contributed equity
2,266
2,636
3,004
3,376
3,784
   Reserves
11,038
11,038
11,038
11,038
11,038
   Retained surplus
(accumulated deficit)
(3,481)
(4,019)
(4,556)
(5,097)
(5,505)
Total parent entity interest
9,823
9,655
9,486
9,317

9,317
Total Equity
9,823
9,655
9,486
9,317
9,317

Prepared on Australian Accounting Standards basis.

 

Table 3.2.3: Departmental Statement of Changes in Equity — summary of movement (Budget year 2014-15)

 
Retained earnings
$'000
Asset revaluation reserve
$'000
Other reserves
$'000
Contributed equity/capital
$'000
Total equity
$'000
Opening balance as at 1 July 2014
 
 
 
 
 
   Balance carried forward from previous period
(3,481)
11,038
-
2,266
9,823
   Adjustment for changes in accounting policies
-
-
-
-
-
Adjusted opening balance
(3,481)
11,038
-
2,266
9,823
Comprehensive income
 
 
 
 
 
   Other comprehensive income
-
-
-
-
-
   Surplus (deficit) for the period
(538)
-
-
-
(538)
Total comprehensive income
(538)
-
-
-
(538)
Transactions with owners
 
 
 
 
 
Distributions to owners
 
 
 
 
 
   Returns on capital: Dividends
-
-
-
-
-
   Returns on capital: Other
-
-
-
-
-
Contributions by owners
 
 
 
 
 
   Contribution/(Distribution) of Equity
-
-
-
-
-
   Appropriation (equity injection)
-
-
-
-
-
   Departmental Capital Budget
-
-
-
370
370
   Other
-
-
-
-
-
Sub-total transactions with owners
-
-
-
370
370
   Transfers between equity components
-
-
-
-
-
Estimated closing balance as at 30 June 2015
(4,019)
11,038
-
2,636
9,655
Closing balance attributable to the Commonwealth
(4,019)
11,038
-
2,636
9,655

Prepared on Australian Accounting Standards basis.

 

Table 3.2.4: Budgeted Departmental Statement of Cash Flows
(for the period ended 30 June)

 
Estimated actual 2013-14
$'000
Budget estimate 2014-15
$'000
Forward estimate 2015-16
$'000
Forward estimate 2016-17
$'000
Forward estimate 2017-18
$'000
OPERATING ACTIVITIES
 
 
 
 
  
Cash received
 
 
 
 
 
   Goods and services
600
600
600
600
600
   Appropriations
22,704
20,627
19,486
19,742
19,953
   Other
-
-
-
-
-
Total cash received
23,304
21,227
20,086
20,342
20,553
Cash used
 
 
 
 
 
   Employees
18,116
17,514
16,874
17,077
17,965
   Suppliers
3,678
3,343
3,212
3,265
2,588
   Other
-
-
-
-
-
Total cash used
21,794
20,857
20,086
20,342
20,553
Net cash from or (used by) operating activities
1,510
370
-
-
-
INVESTING ACTIVITIES
 
 
 
 
 
Cash received
 
 
 
 
 
   Other
-
-
-
-
-
Total cash received
-
-
-
-
-
Cash used





   Purchase of property, plant and equipment
(1,883)
(740)
(368)
(372)
(408)
   Other
-
-
-
-
-
Total cash used
(1,883)
(740)
(368)
(372)
(408)
Net cash from or (used by) investing activities
(1,883)
(740)
(368)
(372)
(408)
FINANCING ACTIVITIES
 
 
 
 
 
Cash received
 
 
 
 
 
   Appropriations - contributed equity
-
-
-
-
-
   Capital Injection
373
370
368
372
408
   Other
-
-
-
-
-
Total cash received
373
370
368
372
408
Cash used
 
 
 
 
 
   Dividends paid
-
-
-
-
-
   Other
-
-
-
-
-
Total cashed used
-
-
-
-
-
Net cash from or (used by) financing activities
373
370
368
372
408
Net increase or (decrease) in cash held
-
-
-
-
-
   Cash at the beginning of the reporting period
352
352
352
352
352
Cash at the end of the reporting period
352
352
352
352
352

Prepared on Australian Accounting Standards basis.

 

Table 3.2.5: Departmental Capital Budget Statement

 
Estimated actual 2013-14
$'000
Budget estimate 2014-15
$'000
Forward estimate 2015-16
$'000
Forward estimate 2016-17
$'000
Forward estimate 2017-18
$'000
CAPITAL APPROPRIATIONS
 
 
 
 
 
Capital budget1
373
370
368
372
408
Departmental capital - special appropriation
-
-
-
-
-
Total capital appropriations
373
370
368
372
408
Total new capital appropriations Represented by:
 
 
 
 
 
   Purchase of non-financial assets
373
370
368
372
408
   Other items
-
-
-
-
-
Total Items
373
370
368
372
408
PURCHASE OF NON-FINANCIAL ASSETS   
  
  
  
  
   Funded by capital appropriation
373
370
368
372
408
   Funded internally from departmental resources2
1,510
370
-
-
-
TOTAL
1,883
740
368
372
408

Prepared on Australian Accounting Standards basis.

1Appropriation (Parliamentary Departments) Bill (No. 1) 2014-15
2Includes the following sources of funding:

  • current and prior year appropriation
  • s31 relevant agency receipts
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