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Agency Budget Statements (continued)
Great Barrier Reef Marine Park Authority (continued)

Section 5 - Budgeted Financial Statements

• 5.1: Analysis of budgeted financial statements
• 5.2: Budgeted financial statements tables

5.1: ANALYSIS OF BUDGETED FINANCIAL STATEMENTS

An analysis of the Great Barrier Reef Marine Park Authority's (GBRMPA) budgeted financial statements, as reflected in the GBRMPA's budgeted departmental financial statements for 2005-06, is provided below.

Budgeted Departmental Statement of Financial Performance

The GBRMPA is budgeting for a break even operating result for 2005-06. Total revenue in 2005-06 is estimated to be $38.045 million, a decrease of $1.266 million from the 2004-05 estimated actual. The decrease is a result of the completion of measures introduced in the 2001-02 Budget for aquaculture and to offset the impact of Environment Management Charge concessions and a reducing level of funding required for education about the new Great Barrier Reef Marine Zoning Plan for the Marine Park.

Total expenses are estimated to be $38.045 million, a decrease of $0.166 million from the 2004-05 estimated actual.

Budgeted Departmental Statement of Financial Position

The GBRMPA's budgeted net asset position is expected to remain unchanged at $14.306 million.

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		23,794	22,844	22,936	23,068	23,237
Goods and services		3,015	3,136	3,165	3,165	3,165
Interest		100	100	100	100	100
Other		12,402	11,965	10,456	4,892	4,938
Total revenues from ordinary activities		39,311	38,045	36,657	31,225	31,440
EXPENSES FROM ORDINARY ACTIVITIES (excluding borrowing costs expense)
Employees		12,506	13,299	13,356	13,289	13,387
Suppliers		14,926	14,084	12,546	7,087	7,158
Depreciation and amortisation		1,030	1,030	1,030	1,030	1,030
Other (day–to–day Management)		9,749	9,632	9,725	9,819	9,865
Total expenses from ordinary activities (excluding borrowing costs expense)		38,211	38,045	36,657	31,225	31,440
Borrowing cost expense		-	-	-	-	-
Operating Surplus or (deficit) from ordinary activities		1,100	-	-	-	-
Gain or (loss) on extraordinary items		-	-	-	-	-
Net Surplus or (deficit) attributable to the Australian Government		1,100	-	-	-	-
Net credit or (debit) to asset revaluation reserve		-	-	-	-	-
Total changes in equity other than those resulting from transactions with owners as owners		1,100	-	-	-	-

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		4,886	5,086	5,986	6,686	7,386
Receivables		2,900	2,900	2,900	2,900	2,900
Other		8	8	8	8	8
Total financial assets		7,794	7,994	8,894	9,594	10,294
Non–financial assets
Land and buildings		11,480	11,762	11,244	10,826	10,408
Infrastructure, plant and equipment		1,571	1,305	1,139	1,023	907
Inventories		100	100	100	100	100
Intangibles		278	232	186	190	194
Other		78	78	78	78	78
Total non–financial assets		13,507	13,477	12,747	12,217	11,687
Total assets		21,301	21,471	21,641	21,811	21,981
LIABILITIES
Provisions
Employees		3,065	3,235	3,405	3,575	3,745
Total provisions		3,065	3,235	3,405	3,575	3,745
Payables
Suppliers		1,270	1,270	1,270	1,270	1,270
Other		2,660	2,660	2,660	2,660	2,660
Total payables		3,930	3,930	3,930	3,930	3,930
Total liabilities		6,995	7,165	7,335	7,505	7,675
EQUITY *
Parent entity interest
Contributed equity		4,204	4,204	4,204	4,204	4,204
Reserves		14,061	14,061	14,061	14,061	14,061
Retained surpluses or accumulated deficits		(3,959)	(3,959)	(3,959)	(3,959)	(3,959)
Total parent entity interest		14,306	14,306	14,306	14,306	14,306
Total equity		14,306	14,306	14,306	14,306	14,306
Current assets		7,972	8,172	9,072	9,772	10,472
Non–current assets		13,329	13,299	12,569	12,039	11,509
Current liabilities		5,428	5,513	5,598	5,683	5,768
Non–current liabilities		1,567	1,652	1,737	1,822	1,907
*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)

	Note	Estimated Actual 2004–05	Budget Estimate 2005–06	FORWARD ESTIMATES
				2006–07	2007–08	2008–09
OPERATING ACTIVITIES		$'000	$'000	$'000	$'000	$'000
Cash received
Appropriations		23,794	22,844	22,936	23,068	23,237
Goods and services		3,015	3,136	3,165	3,165	3,165
Interest		100	100	100	100	100
Other		13,012	12,865	11,356	5,792	5,838
Total cash received		39,921	38,945	37,557	32,125	32,340
Cash used
Employees		12,336	13,129	13,186	13,119	13,217
Suppliers		15,826	14,984	13,446	7,987	8,058
Other		9,749	9,632	9,725	9,819	9,865
Total cash used		37,911	37,745	36,357	30,925	31,140
Net cash from or (used by) operating activities		2,010	1,200	1,200	1,200	1,200
INVESTING ACTIVITIES
Cash used
Purchase of property, plant and equipment		500	1,000	300	500	500
Total cash used		500	1,000	300	500	500
Net cash from or (used by) investing activities		(500)	(1,000)	(300)	(500)	(500)
Net increase or (decrease) in cash held		1,510	200	900	700	700
Cash at the beginning of the reporting period		3,376	4,886	5,086	5,986	6,686
Cash at the end of the reporting period		4,886	5,086	5,986	6,686	7,386

TABLE 5.4 – DEPARTMENTAL CAPITAL BUDGET STATEMENT

	Note	Estimated Actual 2004–05 $'000	Budget Estimate 2005–06 $'000	FORWARD ESTIMATES
				2006–07 $'000	2007–08 $'000	2008–09 $'000
Capital appropriations
Total equity injections		-	-	-	-	-
Total loans		-	-	-	-	-
Total capital appropriations		-	-	-	-	-
Represented by:
Purchase of non–financial assets		-	-	-	-	-
Total represented by		-	-	-	-	-
Purchase of non–financial assets
Funded internally by departmental resources		500	1,000	300	500	500
Total		500	1,000	300	500	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			17,553	4,033		769		22,355
Accumulated depreciation			(6,073)	(2,462)		(491)		(9,026)
Opening net book value	-	-	11,480	1,571	-	278	-	13,329
Additions:
By purchase			900	50		50		1,000
By finance lease								-
From acquisitions of entities or operations (including restructuring)								-
Net revaluation increment/decrement								-
Reclassifications								-
Depreciation/amortisation expense			(618)	(316)		(96)		(1,030)
Recoverable amount write–downs								-
Other movements								-
Disposals:
From disposal of entities of operations (including restructuring)								-
Other disposals								-
As at 30 June 2006
Gross book value			18,453	4,083		819		23,355
Accumulated depreciation			(6,691)	(2,778)		(587)		(10,056)
Closing net book value	-	-	11,762	1,305	-	232	-	13,299

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