Section 3: Budgeted financial statements

Section 3 presents budgeted financial statements which provide a comprehensive snapshot of the department’s finances for the 2025–26 budget year, including the impact of budget measures and resourcing on financial statements.

3.1 Explanatory notes and analysis of budgeted financial statements

The following demonstrate the budgeted financial statements for 2025-26 and forward years on an accrual basis:

The current and forward years budgeted operating result, excluding unfunded depreciation and amortisation, is a break-even position. Own-source revenue is expected to remain stable over the forward estimates.
The department’s balance sheet shows a positive net asset position which is expected to remain stable over the forward estimates.

Recent parliaments have seen a significant increase in the department’s workload, particularly in supporting parliamentary committees and non-government senators. The department will closely monitor demand and the impact on the department’s resourcing as the 48th Parliament is established.

3.2 Budgeted financial statements tables

Table 3.1: Comprehensive income statement (showing net cost of services) for the period ended 30 June
	2024-25 Estimated actual $'000'	2025-26 Budget $'000'	2026-27 Forward estimate $'000'	2027-28 Forward estimate $'000'	2028-29 Forward estimate $'000'
EXPENSES
Employee benefits	26,206	26,229	25,677	25,682	26,052
Suppliers	5,392	5,583	5,795	6,177	6,259
Depreciation and amortisation (a)	212	200	203	198	204
Total expenses	31,810	32,012	3,675	32,057	32,515
LESS:
OWN-SOURCE INCOME
Own-source revenue
Sale of goods and rendering of services	450	200	200	200	200
Total own-source revenue	450	200	200	200	200
Gains
Resources received free of charge	2,407	2,593	2,670	2,750	2,832
Total gains	2,407	2,593	2,670	2,750	2,832
Total own-source income	2,857	2,793	2,870	2,950	3,032
Net cost of services	(28,953)	(29,219)	(28,805)	(29,107)	(29,483)
Revenue from Government	28,762	29,028	28,602	28,909	29,279
Deficit attributable to the Australian Government	(191)	(191)	(203)	(198)	(204)
Total comprehensive loss	(191)	(191)	(203)	(198)	(204)
Total comprehensive loss attributable to the Australian Government	(191)	(191)	(203)	(198)	(204)
Note: Impact of net cash appropriation arrangements
	2024-25 Estimated actual $'000	2025-26 Budget $'000	2026-27 Forward estimate $'000	2027-28 Forward estimate $'000	2028-29 Forward estimate $'000
Total comprehensive loss - as per statement of Comprehensive Income	(191)	(191)	(191)	(198)	(204)
plus: depreciation/amortisation of assets funded by appropriations (DCB) and/or equity injections (a)	191	191	191	198	204
plus: depreciation/amortisation expenses for ROU assets (a)	21	9	-	-	-
less: lease principal repayments (a)	21	9	-	-	-
Net Cash Operating Surplus/ (Deficit)	-	-	-	-	-
Prepared on Australian Accounting Standards basis. ^(a)Applies leases under AASB 16 Leases

Table 3.2: Budgeted departmental balance sheet (as at 30 June)
	2024-25 Estimated actual $'000'	2025-26 Budget $'000'	2026-27 Forward estimate $'000'	2027-28 Forward estimate $'000'	2028-29 Forward estimate $'000'
ASSETS
Financial assets
Cash and cash equivalents	213	211	211	211	211
Trade and other receivables	13,638	13,638	13,638	13,638	13,638
Total financial assets	13,849	13,849	13,849	13,849	13,849
Non-financial assets
Property, plant and equipment	2,052	2,192	2,297	2,410	2,521
Right of use	13	-	-	-	-
Intangibles	27	-	-	-	-
Inventories	124	124	124	124	124
Other non-financial assets	282	282	282	282	282
Total non-financial assets	2,498	2,598	2,703	2,816	2,927
Total assets	16,349	16,447	16,552	16,665	16,776
LIABILITIES
Payables
Suppliers	429	429	429	429	429
Other payables	750	750	750	750	750
Total Payables	1,179	1,179	1,179	1,179	1,179
Interest bearing liabilities
Leases	11	-	-	-	-
Total interest bearing liabilities	11	-	-	-	-
Provisions
Employee provisions	7,608	7,608	7,608	7,608	7,608
Total provisions	7,608	7,608	7,608	7,608	7,608
Total liabilities	8,798	8,787	8,787	8,787	8,787
Net assets	7,551	7,660	7,765	7,878	7,989
EQUITY*
Parent entity interest
Contributed equity	3,559	3,859	4,167	4,478	4,793
Reserves	11,495	11,495	11,495	11,495	11,495
Accumulated deficit	(7,503)	(7,694)	(7,897)	(8,095)	(8,299)
Total parent entity interest	7,551	7,660	7,765	7,878	7,989
Total equity	7,551	7,660	7,765	7,878	7,989
Prepared on Australian Accounting Standards basis *Equity is the residual interest in assets after the deduction of liabilities.

Table 3.3: Departmental statement of changes in equity — summary of movement (Budget year 2025-26)
	Retained earnings $'000	Asset revaluation reserve $'000	Contributed equity/ captial $'000	Total equity $'000
Opening balance as at 1 July 2024
Balance carried forw ard from previous period	(7,503)	11,495	3,559	7,551
Adjusted opening balance	(7,503)	11,495	3,559	7,551
Comprehensive income
Deficit for the period	(191)	-	-	(191)
Total comprehensive income	(191)	-	-	(191)
of which: Attributable to the Australian Government	(191)	-	-	(191)
Transactions with owners
Contributions by owners
Departmental Capital Budget (DCB)	-	-	300	300
Sub-total transactions with owners	-	-	300	300
Estimated closing balance as at 30 June 2025	(7,694)	11,495	3,859	7,660
Closing balance attributable to the Australian Government	(7,694)	11,495	3,859	7,660
Prepared on Australian Accounting Standards basis

Table 3.4: Budgeted departmental statement of cash flows (for the period ended 30 June)
	2024-25 Estimated actual $'000'	2025-26 Budget $'000'	2026-27 Forward estimate $'000'	2027-28 Forward estimate $'000'	2028-29 Forward estimate $'000'
OPERATING ACTIVITIES
Cash received
Appropriations	28,762	29,082	28,602	28,909	29,279
Sale of goods and rendering of services	450	200	200	200	200
Net GST received	245	261	261	-	-
Total cash received	29,457	29,480	29,063	29,109	29,479
Cash used
Employees	26,206	26,229	25,677	25,682	25,626
Suppliers	3,230	3,251	3,386	3,427	3,427
Total cash used	29,436	29,480	29,063	29,109	29,479
Net cash from operating activities	21	9	-	-	-
INVESTING ACTIVITIES
Cash used
Purchase of property, plant and equipment and intangibles	299	300	308	311	315
Total cash used	299	300	308	311	315
Net cash used by investing activities	(299)	(300)	(308)	(311)	(315)
FINANCING ACTIVITIES
Cash received
Contributed equity	299	300	308	311	315
Total cash received	299	300	308	311	315
Cash used
Repayments of borrowings Principal payments on lease liability	21	11	-	-	-
Total cash used	21	11	-	-	-
Net cash from financing activities	278	289	308	311	315
Net increase/(decrease) in cash held	-	(2)	-	-	-
Cash and cash equivalents at the beginning of the reporting period	213	213	211	211	211
Cash and cash equivalents at the end of the reporting period	213	211	211	211	211
Prepared on Australian Accounting Standards basis.

Table 3.5: Departmental capital budget statement (for the period ended 30 June)
	2023-24 Estimated actual $'000'	2024-25 Budget $'000'	2025-26 Forward estimate $'000'	2026-27 Forward estimate $'000'	2027-28 Forward estimate $'000'
NEW CAPITAL APPROPRIATIONS
Capital budget (DCB)	299	300	308	311	315
Total new capital appropriations	299	300	308	311	315
Provided for:
Purchase of non-financial assets	299	300	308	311	315
Total items	299	300	308	311	315
PURCHASE OF NON-FINANCIAL ASSETS
Funded by capital appropriation - DCB (a)	299	300	308	311	315
TOTAL	299	300	308	311	315
RECONCILIATION OF CASH USED TO ACQUIRE ASSETS TO ASSET MOVEMENT TABLE
Total purchases	299	300	308	311	315
Total cash used to acquire assets	299	300	308	311	315
Prepared on Australian Accounting Standards basis. ^(a) Includes purchases from current and previous years’ Departmental capital budgets (DCBs).

Table 3.6: Statement of departmental asset movements (Budget year 2025-26)
As at 1 July 2025
	Other property, plant and equipment $'000	Computer software and intangibles $'000	Total $'000
Gross book value	2,690	329	3,019
Gross book value - ROU assets	137		137
Accumulated depreciation/amortisation and impairment	(629)	(320)	(949)
Accumulated depreciation and impairment - ROU assets	(115)	-	(115)
Opening net book balance	2,083	9	2,092
Capital asset additions
Estimated expenditure on new or replacement assets
By purchase - capital budget (DCB)	300	-	300
Total additions	300	-	300
Other movements
Depreciation/amortisation expense	(182)	9	(191)
Depreciation/amortisation on ROU assets	(9)	-	(300)
Total other movements	(191)	(9)	(200)
As at 30 June 2025
Gross book value	2,990	329	3,319
Gross book value - ROU assets	137	-	137
Accumulated depreciation/amortisation and impairment	(811)	(329)	(1,140)
Accumulated depreciation and impairment - ROU assets	(811)	(329)	(1,140)
Closing net book balance	2,192	-	2,192
Prepared on Australian Accounting Standards basis.