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Portfolio budget statements

Portfolio Budget Statements 2006-07

Environment and Heritage Portfolio
Budget initiatives and explanations of appropriations specified by outcomes and outputs by agency
Budget Related Paper No. 1.7
ISBN 1 741 77538 8

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

Tables in this section

Section 5: Budgeted financial statements

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 2006-07 for DNP, is provided below.

Budgeted Departmental Income Statement

Revenues for DNP are expected to increase by $2.5 million (4 per cent) to $59.8 million primarily due to $1.4 million relating to the budget measure for the rehabilitation of mining sites in Kakadu National Park.

Employee expenses for DNP are expected to increase by $1.0 million (4 per cent) primarily due to expected labour rate increases. Supplier expenses are expected to increase by $1.9 million (7 per cent) primarily due to the budget measure for the rehabilitation of mining sites in Kakadu National Park and minor impacts of the consumer price index increase with contracted service providers.

Budgeted Departmental Balance Sheet

It is expected that the net assets of DNP will remain steady from 2005-06 to 2006-07 at $136.6 million.

Budgeted Departmental Statement of Cash flows

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

BUDGETED FINANCIAL STATEMENTS TABLES

Table 5.1: Budgeted departmental income statement for the period ended 30 June
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 (1) 41,962 43,766 43,989 40,273 40,804
Goods and services 12,898 12,479 10,893 10,411 10,411
Interest 450 450 450 450 450
Dividends - - - - -
Rents - - - - -
Royalties - - - - -
Other (2) 3,130 3,130 3,130 7,562 7,562
Total revenue 58,440 59,825 58,462 58,696 59,227
Gains
Net foreign exchange gains - - - - -
Reversals of previous asset - - - - -
write-downs - - - - -
Net gains from sale of assets - - - - -
Other - - - - -
Total gains - - - - -
Total income 58,440 59,825 58,462 58,696 59,227
EXPENSE
Employees 21,705 22,681 23,042 23,961 24,918
Suppliers 27,480 28,211 26,495 25,812 25,371
Grants - - - - -
Subsidies - - - - -
Depreciation and amortisation 9,045 8,723 8,715 8,713 8,728
Finance costs - - - - -
Write-down of assets and impairment of assets - - - - -
Net losses from sale of assets - - - - -
Net foreign exchange losses - - - - -
Other 210 210 210 210 210
Total expenses 58,440 59,825 58,462 58,696 59,227
Share of operating results of
  associates and joint ventures - - - - -
  accounted for using the equity method - - - - -
Operating result from continuing operations - - - - -
Revenues from Government(1) operations - - - - -
Gain (loss) on remeasuring discontinued operations - - - - -
Operating result - - - - -
Other(2)
or (deficit) - - - - -
Net surplus or (deficit) attributable to the Australian Government - - - - -
Table 5.2:Budgeted departmental balance sheet as at 30 June
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 9,730 9,993 10,248 10,501 10,769
Receivables 600 600 600 600 600
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 - - - - -
Other - - - - -
Total financial assets 10,330 10,593 10,848 11,101 11,369
Non-financial assets
Land and buildings 68,228 68,183 68,183 68,183 68,183
Infrastructure, plant and equipment 74,586 74,468 74,313 74,310 74,142
Investment properties - - - - -
Heritage and cultural assets - - - - -
Inventories - - - - -
Intangibles 4 4 4 4 4
Biological assets - - - - -
Assets held for sale - - - - -
Other 338 338 338 338 338
Total non-financial assets 143,156 142,993 142,838 142,835 142,667
Total assets 153,486 153,586 153,686 153,936 154,036
LIABILITIES
Interest bearing liabilities
Loans - - - - -
Leases - - - - -
Deposits - - - - -
Overdraft - - - - -
Other - - - - -
Total interest bearing liabilities - - - - -
Provisions
Employees 5,421 5,521 5,621 5,721 5,821
Other - - - - -
Total provisions 5,421 5,521 5,621 5,721 5,821
Payables
Suppliers 5,000 5,000 5,000 5,000 5,000
Grants - - - - -
Dividends - - - - -
Finance costs - - - - -
Other 412 412 412 412 412
Total payables 5,412 5,412 5,412 5,412 5,412
Liabilities included in disposal
groups held for sale - - - - -
Total liabilities 10,833 10,933 11,033 11,133 11,233
EQUITY*
Parent entity interest
Contributed equity 15,821 15,821 15,821 15,971 15,971
Reserves 64,585 64,585 64,585 64,585 64,585
Statutory funds - - - - -
Retained surpluses or
accumulated deficits 62,247 62,247 62,247 62,247 62,247
Total parent entity interest 142,653 142,653 142,653 142,803 142,803
Minority interest
Contributed equity - - - - -
Reserves - - - - -
Statutory funds - - - - -
Retained surpluses or
accumulated deficits - - - - -
Total minority interest - - - - -
Total equity 142,653 142,653 142,653 142,803 142,803
Current assets 10,668 10,935 11,190 11,443 11,711
Non-current assets 142,818 142,651 142,496 142,493 142,325
Current liabilities 7,006 7,043 7,080 7,117 7,154
Non-current liabilities 3,827 3,890 3,953 4,016 4,079
*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
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 12,898 12,479 10,893 10,411 10,411
Appropriations 41,962 43,766 43,989 40,273 40,804
Interest 450 450 450 450 450
Dividends - - - - -
Other 330 330 330 4,762 4,762
Total cash received 55,640 57,025 55,662 55,896 56,427
Cash used
Employees 21,605 22,581 22,942 23,861 24,818
Suppliers 24,955 25,411 23,695 23,012 22,571
Grants - - - - -
Financing costs - - - - -
Other 210 210 210 210 210
Total cash used 46,770 48,202 46,847 47,083 47,599
Net cash from or (used by) operating activities 8,870 8,823 8,815 8,813 8,828
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 15,111 8,560 8,560 8,710 8,560
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 - - - - -
Total cash used 15,111 8,560 8,560 8,710 8,560
Net cash from or (used by) investing activities (15,111) (8,560) (8,560) (8,710) (8,560)
FINANCING ACTIVITIES
Cash received
Appropriations - contributed equity 6,066 - - 150 -
Proceeds from issuing financial instruments - - - - -
Proceeds from loans - - - - -
Other - - - - -
Total cash received 6,066 - - 150 -
Cash used
Repayments of debt - - - - -
Dividends paid - - - - -
Other - - - - -
Total cash used - - - - -
Net cash from or (used by) financing activities 6,066 - - 150 -
Net increase or (decrease) in cash held (175) 263 255 253 268
Cash at the beginning of the reporting period 9,905 9,730 9,993 10,248 10,501
Effect of exchange rate movements on cash at the beginning of reporting period - - - - -
Cash at the end of the reporting period 9,730 9,993 10,248 10,501 10,769
Table 5.4: Departmental statement of changes in equity - summary of movement (Budget year 2006 07)
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 62,247 64,585 - 15,821 142,653
Adjustment for changes in accounting policies - - - - -
Adjusted opening balance 62,247 64,585 - 15,821 142,653
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) - - - - -
Other:
Restructuring - - - - -
Sub-total transactions with owners - - - - -
Transfers between equity
components - - - - -
Estimated closing balance as at 30 June 2007 62,247 64,585 - 15,821 142,653
Table 5.5: Departmental capital budget statement
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 6,066 - - 150 -
Total loans - - - - -
Total capital appropriations 6,066 - - 150 -
Represented by:
Purchase of non-financial assets - - - 150 -
Other - - - - -
Total represented by 6,066 - - 150 -
PURCHASE OF NON-FINANCIAL ASSETS
Funded by capital appropriation 6,066 - - 150 -
Funded internally by
Departmental resources 9,045 8,560 8,560 8,560 8,560
Total 15,111 8,560 8,560 8,710 8,560
Table 5.6: Departmental property, plants, equipment and intangibles summary of movement (Budget year 2006 07)



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 6,582 - 63,296 - 77,880 - 14 - 147,772
Accumulated depreciation - - (1,650) (3,294) (10) (4,954)
Opening net book value 6,582 - 61,646 - 74,586 - 4 - 142,818
Additions:
by purchase - - 2,350 - 6,210 - - - 8,560
by finance lease - - - - - - - - -
internally developed - - - - - - - - -
from acquisitions of entities or operations (including restructuring) - - - - - - - - -
Revaluations and impairment through equity - - - - - - - - -
Reclassifications - - - - - - - - -
Depreciation/amortisation expense - - (2,395) - (6,328) - - - (8,723)
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 6,582 - 63,996 - 80,796 - 4 - 151,378
Accumulated depreciation - - (2,395) - (6,328) - - - (8,723)
Estimated closing net book value 6,582 - 61,601 - 74,468 - 4 - 142,655

NOTES TO THE FINANCIAL STATEMENTS

  1. There is no direct appropriation from government to 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 DNP from the DEH.
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