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Agency Budget Statements (continued)
Bureau of Meteorology (continued)

Section 5 - Budgeted Financial Statements

• Budgeted Departmental Income Statement
• Budgeted Departmental Balance Sheet
• Schedule of Budgeted Revenues and Expenses Administered on behalf of Government
• Schedule of Budgeted Assets and Liabilities Administered on behalf of Government
• Budgeted financial statements tables

An analysis of the Bureau of Meteorology's (the Bureau) budgeted financial statements, as reflected in the Bureau's budgeted departmental financial statements and administered schedules for 2006-07, is provided below:

Budgeted Departmental Income Statement

Total revenue to the Bureau in 2006-07 is estimated to be $231.1 million, an increase of $3.2 million from the 2005-06 estimated actual. The increase is primarily the result of:

• increased funding for ongoing expenses associated with the Meteorological Radars - Replacement and Upgrade measure announced in the 2003-04 Budget;
• increased funding associated with the 2005-06 Budget Measure Replacement of Field Meteorological Offices;
• increased funding associated with the 2005-06 Budget Measure Australian Tsunami Warning System - Indian and Pacific Oceans Tsunami warning system; and
• increased funding for economic parameter adjustments offset by an increase in the Efficiency Dividend.

Total expenses are estimated to be $231.1 million, an increase of $3.2 million from the 2005-06 estimated actual.

The net increase is due to expenses associated with the measures as detailed above.

Total Departmental Expenses

The Bureau was prescribed on 12 September 2002. Expenses shown for 2002-03 are for the period 12 September 2002 to 30 June 2003.

Budgeted Departmental Balance Sheet

The Bureau's anticipated budgeted equity position of $254.223 million represents an increase of $16.672 million from the 2005-06 estimated actual. The increase in equity is attributable to an equity injection for the Bureau's capital works programme in relation to the ongoing replacement of existing radars combined with the construction and introduction of new Doppler radar technology ($10.800 million), the replacement of a number of field meteorological offices ($1.607 million), implementation of a Tsunami Early Warning System for the Indian Ocean, Australia and South West Pacific region ($3.965 million) and upgrade/replacement of equipment for the National Tidal Centre ($0.300 million).

The Bureau's major asset, 'Infrastructure, Plant and Equipment', is projected to increase by $7.113 million to a total of $206.730 million in 2006-07 due primarily to increased expenditure in the Bureau's capital works programme as outlined above offset by depreciation of the remainder of the asset base. The projected increase in land and buildings from $92.626 million to $98.336 million is primarily associated with investments through the field meteorological office replacement programme.

Budgeted Assets for 2006-07

The Bureau's primary liability continues to be accrued employee entitlements that total $56.295 million.

Schedule of Budgeted Revenues and Expenses Administered on behalf of Government

The Bureau will receive Administered revenue of $17.3 million in 2006-07, an increase of $0.2 million from the 2005-06 estimated actual. The increase is largely due to recovering additional costs for specialised services provided to the Department of Defence and the aviation industry.

Administered revenues

The Bureau was prescribed on 12 September 2002. Revenues shown for 2002-03 are for the period 12 September 2002 to 30 June 2003.

Schedule of Budgeted Assets and Liabilities Administered on behalf of Government

The Bureau's total administered assets are expected to remain stable at $3.2 million for the 2006-07 financial year. The receivable and accrued revenue will be of the same order of magnitude as the 2005-06 estimated actuals.

Budgeted financial statements tables

Table 5.1: Budgeted departmental income statement for the period ended 30 June - Bureau of Meterology

	Estimated actual 2005-06 $'000	Budget estimate 2006-07 $'000	Forward estimate 2007-08 $'000	Forward estimate 2008-09 $'000	Forward estimate 2009-10 $'000
INCOME
Revenue
Revenues from Government	211,170	214,412	220,395	223,568	224,287
Goods and services	16,697	16,692	16,692	15,317	15,317
Interest	-	-	-	-	-
Dividends	-	-	-	-	-
Rents	-	-	-	-	-
Royalties	-	-	-	-	-
Other	-	-	-	-	-
Total revenue	227,867	231,104	237,087	238,885	239,604
Gains
Net foreign exchange gains	-	-	-	-	-
Reversals of previous asset write-downs	-	-	-	-	-
Net gains from sale of assets	-	-	-	-	-
Other	-	-	-	-	-
Total gains	-	-	-	-	-
Total income	227,867	231,104	237,087	238,885	239,604
EXPENSE
Employees	115,372	118,170	118,971	119,353	119,939
Suppliers	63,723	65,252	68,586	69,143	69,398
Grants	-	-	-	-	-
Subsidies	-	-	-	-	-
Depreciation and amortisation	47,180	46,095	47,889	48,733	48,598
Finance costs	-	-	-	-	-
Write-down of assets and impairment of assets	1	1	1	1	1
Net losses from sale of assets	-	-	-	-	-
Net foreign exchange losses	-	-	-	-	-
Other	1,591	1,586	1,640	1,655	1,668
Total expenses	227,867	231,104	237,087	238,885	239,604
Share of operating results of associates and joint ventures accounted for using the equity method	-	-	-	-	-
Operating result from continuing operations
Operating result from discontinued operations	-	-	-	-	-
Gain (loss) on remeasuring discontinued operations	-	-	-	-	-
Operating result
Minority interest in net surplus or (deficit)	-	-	-	-	-
Net surplus or (deficit) attributable to the Australian Government	-	-	-	-	-
Operating result from continuing operations
Operating result from discontinued operations	-	-	-	-	-
Gain (loss) on remeasuring discontinued operations	-	-	-	-	-
Operating result
Minority interest in net surplus or (deficit)	-	-	-	-	-
Net surplus or (deficit) attributable to the Australian Government	-	-	-	-	-

Table 5.2: Budgeted departmental balance sheet as at 30 June - Bureau of Meterology

	Estimated actual 2005-06 $'000	Budget estimate 2006-07 $'000	Forward estimate 2007-08 $'000	Forward estimate 2008-09 $'000	Forward estimate 2009-10 $'000
ASSETS
Financial assets
Cash	51	51	51	51	51
Receivables	2,659	2,659	2,659	2,659	2,659
Investments accounted for under the equity method	-	-	-	-	-
Investments (s.39 FMA Act; s.18 CAC Act; s.19 CAC Act)	-	-	-	-	-
Other investments	-	-	-	-	-
Tax assets	-	-	-	-	-
Accrued revenues	845	845	845	845	845
Total financial assets	3,555	3,555	3,555	3,555	3,555
Non-financial assets
Land and buildings	92,626	98,336	100,024	100,755	104,870
Infrastructure, plant and equipment	199,617	206,730	221,101	226,708	228,264
Investment properties	-	-	-	-	-
Heritage and cultural assets	-	-	-	-	-
Inventories	8,954	8,954	8,954	8,954	8,954
Intangibles	14,500	13,408	12,316	11,224	10,132
Biological assets	-	-	-	-	-
Assets held for sale	-	-	-	-	-
Other	6,907	6,907	6,907	6,907	6,907
Total non-financial assets	322,604	334,335	349,302	354,548	359,127
Total assets	326,159	337,890	352,857	358,103	362,682
LIABILITIES
Interest bearing liabilities
Loans	-	-	-	-	-
Leases	455	455	455	455	455
Deposits	-	-	-	-	-
Overdraft	-	-	-	-	-
Other	-	-	-	-	-
Total interest bearing liabilities	455	455	455	455	455
Provisions
Employees	56,295	56,295	56,295	56,295	56,295
Other	13,508	13,508	13,508	13,508	13,508
Total provisions	69,803	69,803	69,803	69,803	69,803
Payables
Suppliers	3,121	3,121	3,121	3,121	3,121
Grants	-	-	-	-	-
Dividends	-	-	-	-	-
Finance costs	-	-	-	-	-
Other	15,229	10,288	8,547	8,547	8,547
Total payables	18,350	13,409	11,668	11,668	11,668
Liabilities included in disposal groups held for sale	-	-	-	-	-
Total liabilities	88,608	83,667	81,926	81,926	81,926
EQUITY*
Parent entity interest
Contributed equity	173,444	190,116	206,824	212,070	216,649
Reserves	57,375	57,375	57,375	57,375	57,375
Statutory funds	-	-	-	-	-
Retained surpluses or accumulated deficits	6,732	6,732	6,732	6,732	6,732
Total parent entity interest	237,551	254,223	270,931	276,177	280,756
Minority interest
Contributed equity	-	-	-	-	-
Reserves	-	-	-	-	-
Statutory funds	-	-	-	-	-
Retained surpluses or accumulated deficits	-	-	-	-	-
Total minority interest	-	-	-	-	-
Total equity	237,551	254,223	270,931	276,177	280,756
Current assets	12,547	12,547	12,547	12,547	12,547
Non-current assets	313,612	325,343	340,310	345,556	350,135
Current liabilities	26,559	27,592	27,603	28,226	28,994
Non-current liabilities	62,049	56,075	54,323	53,700	52,932

Table 5.3: Budgeted departmental statement of cash flows for the period ended 30 June - Bureau of Meterology

	Estimated actual 2005-06 $'000	Budget estimate 2006-07 $'000	Forward estimate 2007-08 $'000	Forward estimate 2008-09 $'000	Forward estimate 2009-10 $'000
OPERATING ACTIVITIES
Cash received
Goods and services	16,697	16,692	16,692	15,317	15,317
Appropriations	211,170	214,412	220,395	223,568	224,287
Interest
Dividends
Other	8,310	8,310	8,310	8,310	8,310
Total cash received	236,177	239,414	245,397	247,195	247,914
Cash used
Employees	117,908	118,170	118,971	119,353	119,939
Suppliers	65,314	71,779	71,967	70,798	71,066
Grants
Financing costs
Other	4,560	4,560	4,560	4,560	4,560
Total cash used	187,782	194,509	195,498	194,711	195,565
Net cash from or (used by) operating activities	48,395	44,905	49,899	52,484	52,349
INVESTING ACTIVITIES
Cash received
Proceeds from sales of property, plant and equipment	-	-	-	-	-
Proceeds from sales of financial instruments
Bills of exchange and promissory notes
Repayments of loans made
Investments (s.39 FMA Act; s.18 CAC Act; s.19 CAC Act)
Other
Total cash received	-	-	-	-	-
Cash used
Purchase of property, plant and equipment	60,285	57,826	62,856	53,979	53,177
Purchase of financial instruments
Bills of exchange and promissory notes
Loans made
Investments (s.39 FMA Act; s.18 CAC Act; s.19 CAC Act)
Other	3,751	3,751	3,751	3,751	3,751
Total cash used	64,036	61,577	66,607	57,730	56,928
Net cash from or (used by) investing activities	(64,036)	(61,577)	(66,607)	(57,730)	(56,928)
FINANCING ACTIVITIES
Cash received
Appropriations - contributed equity	13,105	16,672	16,708	5,246	4,579
Proceeds from issuing financial instruments
Proceeds from loans
Other
Total cash received	13,105	16,672	16,708	5,246	4,579
Cash used
Repayments of debt
Dividends paid
Other
Total cash used	-	-	-	-	-
Net cash from or (used by) financing activities	13,105	16,672	16,708	5,246	4,579
Net increase or (decrease) in cash held	(2,536)	-	-	-	-
Cash at the beginning of the reporting period	2,587	51	51	51	51
Effect of exchange rate movements on cash at the beginning of reporting period	-	-	-	-	-
Cash at the end of the reporting period	51	51	51	51	51

Table 5.4: Departmental statement of changes in equity — summary of movement (Budget 2006-07) - Bureau of Meterology

	Accumulated results $'000	Asset revaluation reserve $'000	Other reserves $'000	Contributed equity/capital $'000	Total equity $'000
Opening balance as at 1 July 2006
Balance carried forward from previous period	6,732	57,375	-	173,444	237,551
Adjustment for changes in accounting policies	-	-	-	-	-
Adjusted opening balance	6,732	57,375	-	173,444	237,551
Income and expense
Income and expenses recognised directly in equity:	-				-
Gain/loss on revaluation of property		-			-
Sub-total income and expense	-	-	-	-	-
Net operating result	-				-
Total income and expenses recognised directly in equity	-	-	-	-	-
Transactions with owners
Distribution to owners
Returns on capital Dividends				-	-
Returns of capital Restructuring				-	-
Other			-	-	-
Contribution by owners
Appropriation (equity injection)				16,672	16,672
Other:
Restructuring				-	-
Sub-total transactions with owners	-	-	-	16,672	16,672
Transfers between equity components	-	-	-	-	-
Estimated closing balance as at 30 June 2007	6,732	57,375	-	190,116	254,223

Table 5.5: Departmental capital budget statement - Bureau of Meterology

	Estimated actual 2005-06 $'000	Budget estimate 2006-07 $'000	Forward estimate 2007-08 $'000	Forward estimate 2008-09 $'000	Forward estimate 2009-10 $'000
CAPITAL APPROPRIATIONS
Total equity injections	13,105	16,672	16,708	5,246	4,579
Total loans
Total capital appropriations	13,105	16,672	16,708	5,246	4,579
Represented by:
Purchase of non-financial assets	13,105	16,672	16,708	5,246	4,579
Other
Total represented by	13,105	16,672	16,708	5,246	4,579
PURCHASE OF NON-FINANCIAL
ASSETS
Funded by capital appropriation	13,105	16,672	16,708	5,246	4,579
Funded internally by Departmental resources	47,180	41,154	46,148	48,733	48,598
Total	60,285	57,826	62,856	53,979	53,177

Table 5.6: Departmental property, plants, equipment and intangibles - summary of movement (Budget year 2006-07) - Bureau of Meterology

	Land $'000	Investment property $'000	Buildings $'000	Specialist military equipment $'000	Other infrastructure plant and equipment $'000	Heritage and cultural assets $'000	Computer software $'000	Other intangibles $'000	Total $'000
As at 1 July 2006
Gross book value	5,118		95,764		282,035		40,255		423,172
Accumulated depreciation	-		(8,256)		(82,418)		(25,755)		(116,429)
Opening net book value	5,118	-	87,508	-	199,617	-	14,500	-	306,743
Additions:
by purchase	168		10,907		43,306		3,445		57,826
by finance lease									-
internally developed									-
from acquisitions of entities or operations (including restructuring)									-
Revaluations and impairment through equity									-
Reclassifications									-
Depreciation/amortisation expense	-		(5,365)		(36,193)		(4,537)		(46,095)
Impairments recognised in operating result									-
Other movements									-
Disposals:
from disposal of entities or operations (including restructuring)									-
other disposals									-
As at 30 June 2007
Gross book value	5,286	-	106,671	-	325,341	-	43,700	-	480,998
Accumulated depreciation	-	-	(13,621)	-	(118,611)	-	(30,292)	-	(162,524)
Estimated closing net book value	5,286	-	93,050	-	206,730	-	13,408	-	318,474

Table 5.7: Schedule of budgeted income and expenses administered on behalf of government for the period ended 30 June - Bureau of Meterology

	Estimated actual 2005-06 $'000	Budget estimate 2006-07 $'000	Forward estimate 2007-08 $'000	Forward estimate 2008-09 $'000	Forward estimate 2009-10 $'000
INCOME ADMINISTERED ON BEHALF OF GOVERNMENT
Revenue
Taxation
Income tax
Indirect tax
Other taxes, fees and fines
Total taxation
Non-taxation
Goods and services	17,050	17,250	17,250	17,250	17,250
Interest
Dividends
Other sources of non-taxation revenues
Rents
Royalties
Total non-taxation	17,050	17,250	17,250	17,250	17,250
Total revenues administered on behalf of Government	17,050	17,250	17,250	17,250	17,250
Gains
Net foreign exchange gains
Net gains from sale of assets
Other gains
Total gains administered on behalf of Government
Total income administered on behalf of Government	17,050	17,250	17,250	17,250	17,250
EXPENSES ADMINISTERED ON BEHALF OF GOVERNMENT
Grants
Subsidies
Personal benefits
Employees
Suppliers
Depreciation and amortisation
Write down and impairment of assets	25	25	25	25	25
Finance costs
Other
Losses
Net foreign exchange losses
Net loss from sale of assets
Other losses
Total expenses administered on behalf of Government	25	25	25	25	25

Table 5.8: Schedule of budgeted assets and liabilities administered on behalf of government as at 30 June - Bureau of Meterology

	Estimated actual 2005-06 $'000	Budget estimate 2006-07 $'000	Forward estimate 2007-08 $'000	Forward estimate 2008-09 $'000	Forward estimate 2009-10 $'000
ASSETS ADMINISTERED ON BEHALF OF GOVERNMENT
Financial assets
Cash	435	435	435	435	435
Receivables	8,697	11,297	11,288	11,283	11,283
Investments (s.39 FMA Act;s.18 CAC Act; s.19 CAC Act)	134,801	134,801	134,801	134,801	134,801
Accrued revenues	1,562	1,562	1,562	1,562	1,562
Total financial assets	145,495	148,095	148,086	148,081	148,081
Non-financial assets
Land and buildings	4,750	4,750	4,750	4,750	4,750
Infrastructure, plant and equipment	1,271	1,271	1,271	1,271	1,271
Inventories	571	571	571	571	571
Other	2,899	2,899	2,899	2,899	2,899
Total non-financial assets	9,491	9,491	9,491	9,491	9,491
Total assets administered on behalf of Government	154,986	157,586	157,577	157,572	157,572
LIABILITIES ADMINISTERED ONBEHALF OF GOVERNMENT
Payables
Suppliers	4,536	4,536	4,536	-	-
Grants and subsidies	53,391	53,391	53,391	57,927	57,927
Other payables	5,769	5,769	5,769	5,769	5,769
Total payables	63,696	63,696	63,696	63,696	63,696
Total liabilities administered on behalf of Government	63,696	63,696	63,696	63,696	63,696

Table 5.9: Schedule of budgeted administered cash flows for the period ended 30 June - Bureau of Meterology

	Estimated actual 2005-06 $'000	Budget estimate 2006-07 $'000	Forward estimate 2007-08 $'000	Forward estimate 2008-09 $'000	Forward estimate 2009-10 $'000
OPERATING ACTIVITIES
Cash received
Income tax
Indirect tax
Other taxes, fees and fines
Sales of goods
Rendering of services	18,654	18,854	18,854	18,854	18,854
Interest
Dividends
Other
Total cash received	18,654	18,854	18,854	18,854	18,854
Cash used
Financing costs
Employees
Grant payments
Interest paid
Subsidies paid
Personal benefits
Suppliers
Other
Total cash used	-	-	-	-	-
Net cash from or (used by) operating activities	18,654	18,854	18,854	18,854	18,854
INVESTING ACTIVITIES
Cash received
Proceeds from sales of property, plant and equipment and intangibles
Proceeds from sales of equity instruments
Proceeds from sales of investments
Repayments of advances
Transfers from other entities
Investments (s.39 FMA Act, s.18 CAC Act, s.19 CAC Act)
Other
Total cash received	-	-	-	-	-
Cash used
Purchase of property, plant and equipment and intangibles
Purchase of equity instruments
Advances and loans made
Transfers to other entities
Investments (s.39 FMA Act, s.18 CAC Act, s.19 CAC Act)
Other
Total cash used	-	-	-	-	-
Net cash from or (used by) investing activities	-	-	-	-	-
FINANCING ACTIVITIES
Cash received
Proceeds from borrowing
Cash from Official Public Account
Other
Total cash received	-	-	-	-	-
Cash used
Net repayment of borrowings
Dividends paid
Cash to Official Public Account
Other	18,654	18,854	18,854	18,854	18,854
Total cash used	18,654	18,854	18,854	18,854	18,854
Net cash from or (used by) financing activities	18,654	18,854	18,854	18,854	18,854
Net increase or (decrease) in cash held
Cash at beginning of reporting period
Cash from Official Public Account for:
- appropriations
- special accounts
Transfers from other entities (Finance - Whole of Government)
Cash to Official Public Account for:
- appropriations
- special accounts
Transfers to other entities (Finance - Whole of Government)
Effect of exchange rate
movements on cash at
beginning of reporting period
Cash at end of reporting period	-	-	-	-	-

Table 5.10: Schedule of administered capital budget

The Bureau will not administer any Administered Capital in 2006-07.

Table 5.11: Schedule of administered property, plant, equipment and intangibles - summary of movement (Budget year 2006 07)

The Bureau does not administer any non-financial assets on behalf of the Australian Government.

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