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Portfolio budget statements

Portfolio Budget Statements 2005-06

Environment and Heritage Portfolio

Budget Initiatives and Explanations of Appropriations 2005-06
Budget Related Paper No. 1.7
ISSN 1448-1219 (Online), 1448-1200 (Print)

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Agency Budget Statements (continued)
Director of National Parks (continued)

Tables in this section

Section 5: Budgeted Financial Statements

5.1: ANALYSIS OF BUDGETED FINANCIAL STATEMENTS

An analysis of the budgeted financial statements for the Director of National Parks (DNP), as reflected in the budgeted departmental financial statements for 2005–06 for the DNP, is provided below.

Budgeted Departmental Statement of Financial Performance

Revenues for the DNP are expected to increase by $0.869 million (1.6%) to $56.729 million primarily due to an increase in base appropriation funding and a modest increase in Park Fee revenues. The Park fees increase due to an expected 3.5% growth in visitors at Uluru Kata Tjuta National Park.

Expenses for the DNP increase by $0.992 million (1.8%) primarily due to expected labour rate increases and minor impacts of the consumer price index (CPI) increases with contracted service providers.

Budgeted Departmental Statement of Financial Position

It is expected that the net assets of the DNP will remain steady from 2004–05 to 2005–06 at $99.030 million.

Budgeted Departmental Statement of Cash flows

Cash reserves are expected to build over time and movements in cash are in line with operational needs.

5.2: BUDGETED FINANCIAL STATEMENTS TABLES

TABLE 5.1 – BUDGETED DEPARTMENTAL STATEMENT OF FINANCIAL PERFORMANCE
(for the period ended 30 June 2006)
Note Estimated
Actual
2004–05
$'000		 Budget
Estimate
2005–06$'000		 FORWARD
ESTIMATES
2006–07
$'000		 2007–08
$'000		 2008–09
$'000
REVENUES FROM ORDINARY ACTIVITIES
Revenues from Government 1 40,085 40,808 42,446 42,976 38,289
Goods and services 10,925 11,471 12,045 12,647 13,279
Interest 450 450 450 450 450
Other 2 4,400 4,000 4,000 4,000 8,432
Total revenues from ordinary activities 55,860 56,729 58,941 60,073 60,450
EXPENSES FROM ORDINARY ACTIVITIES
(excluding borrowing costs expense)  
Employees 20,305 20,914 21,542 22,188 22,853
Suppliers 25,841 25,824 27,208 27,294 27,006
Depreciation and amortisation 9,441 9,841 10,041 10,441 10,441
Other 150 150 150 150 150
Total expenses from ordinary activities (excluding borrowing costs expense) 55,737 56,729 58,941 60,073 60,450
Borrowing cost expense - - - - -
Operating Surplus or (deficit) from ordinary activities 123 - - - -
Gain or (loss) on extraordinary items - - - - -
Net Surplus or (deficit) attributable to the Australian Government 123 - - - -
Net credit or (debit) to asset revaluation reserve - - - - -
Total changes in equity other than those resulting from transactions with owners as owners 123 - - - -
TABLE 5.2 – BUDGETED DEPARTMENTAL STATEMENT OF FINANCIAL POSITION
(as at 30 June 2006)
Note Estimated
Actual
2004–05
$'000		 Budget
Estimate
2005–06
$'000		 FORWARD
ESTIMATES
2006–07
$'000		 2007–08
$'000		 2008–09
$'000
ASSETS
Financial assets
Cash 5,100 6,283 6,174 7,471 8,775
Receivables 400 400 400 400 400
Total financial assets 5,500 6,683 6,574 7,871 9,175
Non–financial assets
Land and buildings 56,754 56,254 53,754 51,254 50,754
Infrastructure, plant and equipment 44,959 44,468 47,277 48,686 48,095
Intangibles 10 10 10 10 10
Other 303 303 303 303 303
Total non–financial assets 102,026 101,035 101,344 100,253 99,162
Total assets 107,526 107,718 107,918 108,124 108,337
LIABILITIES
Provisions
Employees 3 5,496 5,688 5,888 6,093 6,306
Total provisions 5,496 5,688 5,888 6,093 6,306
Payables
Suppliers 3,000 3,000 3,000 3,000 3,000
Total payables 3,000 3,000 3,000 3,000 3,000
Total liabilities 8,496 8,688 8,888 9,093 9,306
EQUITY*
Parent entity interest
Contributed equity 9,755 9,755 9,755 9,755 9,755
Reserves 26,698 26,698 26,698 26,698 26,698
Retained surpluses or accumulated deficits 62,577 62,577 62,577 62,578 62,578
Total parent entity interest 99,030 99,030 99,030 99,031 99,031
Total equity 99,030 99,030 99,030 99,031 99,031
Current assets 5,813 6,996 6,887 8,184 9,488
Non–current assets 101,713 100,722 101,031 99,940 98,849
Current liabilities 6,023 6,128 6,239 6,351 6,468
Non–current liabilities 2,473 2,560 2,649 2,742 2,838
*Note: ‘equity’ is the residual interest in assets after deduction of liabilities.
TABLE 5.3 – BUDGETED DEPARTMENTAL STATEMENT OF CASH FLOWS
(for the period ended 30 June 2006)
OPERATING ACTIVITIES Note Estimated
Actual
2004–05
$'000		 Budget
Estimate
2005–06
$'000		 FORWARD
ESTIMATES
2006–07
$'000		 2007–08
$'000		 2008–09
$'000
Cash received
Appropriations 40,085 40,808 42,446 42,976 38,289
Goods and services 11,469 11,471 12,045 12,647 13,279
Interest 450 450 450 450 450
Other 1,100 700 700 700 5,139
Total cash received 53,104 53,429 55,641 56,773 57,157
Cash Used
Employees 20,620 20,722 21,342 21,982 22,647
Suppliers 25,668 23,024 24,408 24,494 24,206
Total cash used 46,288 43,746 45,750 46,476 46,853
Net cash from or (used by) operating activities 6,816 9,683 9,891 10,297 10,304
INVESTING ACTIVITIES
Cash received
Proceeds from sale of property, plant
and equipment 500 500 500 500 500
Total cash received 500 500 500 500 500
Cash used
Purchase of property, plant and equipment 5,000 9,000 10,500 9,500 9,500
Other 30 - - - -
Total cash used 5,030 9,000 10,500 9,500 9,500
Net cash from or (used by) investing activities (4,530) (8,500) (10,000) (9,000) (9,000)
Net increase or (decrease) in cash held 2,286 1,183 (109) 1,297 1,304
Cash at the beginning of the reporting period 2,814 5,100 6,283 6,174 7,471
Cash at the end of the reporting period 5,100 6,283 6,174 7,471 8,775
TABLE 5.4 – DEPARTMENTAL CAPITAL BUDGET STATEMENT
Note Estimated
Actual
2004–05
$'000		 Budget
Estimate
2005–06
$'000		 ESTIMATED
2006–07
$'000		 2007–08
$'000		 2008–09$'000
Capital appropriations
Total equity injections - - - - -
Total loans - - - - -
Total capital appropriations - - - - -
Represented by:
Purchase of non–current assets - - - - -
Total represented by - - - - -
Purchase of non–financial assets
Funded internally by departmental resources 5,000 9,000 10,500 9,500 9,500
Total 5,000 9,000 10,500 9,500 9,500
TABLE 5.5 – DEPARTMENTAL PROPERTY, PLANT, EQUIPMENT AND INTANGIBLES – SUMMARY OF MOVEMENT
(BUDGET YEAR 2005–06)
Land
$'000		 Investment
Property
$’000		 Buildings
$'000		 Other Infrastructure
Plant and
Equipment
$'000		 Heritage
and cultural
assets
$'000		 Computer
Software
$'000		 Other
intangibles
$'000		 Total
$'000
As at 1 July 2005
Gross book value 8,197 54,906 65,426 13 128,542
Accumulated depreciation (6,349) (20,467) (3) (26,819)
Opening net book value 8,197 - 48,557 44,959 - 10 - 101,723
Additions:
By purchase 2,000 7,000 9,000
By finance lease -
From acquisitions of entities or operations (including restructuring) -
Net revaluation increment/decrement -
Reclassifications -
Depreciation/amortisation expense (2,500) (7,341) (9,841)
Recoverable amount write–downs -
Other movements -
Disposals: -
From disposal of entities of operations (including restructuring) -
Other disposals (150) (150)
As at 30 June 2006
Gross book value 8,197 56,906 72,276 13 137,392
Accumulated depreciation - (8,849) (27,808) (3) (36,660)
Closing net book value 8,197 - 48,057 44,468 - 10 - 100,732

5.3: NOTES TO THE FINANCIAL STATEMENTS

  1. There is no direct appropriation from government to the DNP. Funds are appropriated directly to the DEH and transferred to the DNP.
  2. Included in the figure is an amount of $2.8 million being the resources received free of charge for corporate services provided by the DEH.
  3. This figure relates to liability for staff seconded to the DNP from the DEH.
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