Please note: Financial statements (with the exception of the major budget variations table) are only available in PDF format
Notes to the financial statements
This section provides explanations for major budget variances between the department’s budget and actual results for the year ended 30 June 2018.
Note 20 Departmental budget variances commentary
Employee benefits were lower than originally budgeted as a number of positions remained vacant throughout the reporting period due to delays in recruitment processes. This resulted in a lower average staffing level than was budgeted. In addition original budgets predicted the new enterprise agreement and resultant pay rise would come into effect prior to the commencement of the financial year, however the agreement was not enacted until December 2017.
Statement of Comprehensive Income:
Statement of Financial Position:
Cash Flow Statement:
Travel expenses and parliamentary capacity programs expenses and revenue
Travel expenses are driven by activities carried out in support of the parliament and its committees. During the reporting period there was less requirement to travel across committees and the International Parliamentary Relations Office than was forecast. In addition, the work on the parliamentary capacity-building program in Fiji was delayed and consequently the contract was extended resulting in budgeted expenditure being held over until after the completion of the reporting period. Work in support of the Pacific Women’s Parliamentary Partnerships program was completed under budget and excess funds were returned to DFAT.
Transfer of assets to DPS
During the reporting period the department transferred computer software assets to DPS under an arrangement to consolidate information and communications technology assets across the parliament. This transfer was not known at the time of budgeting.
Statement of Changes in Equity
Expenditure on the department’s furniture replacement project was less than budgeted due to the utilisation of bulk purchasing arrangements resulting in lower per item cost.
Part 3 | Management of financial resources
Annual Report 2017-18 | Contents
House of Representatives