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Publications archive - Budget statements

Disclaimer

Key departmental publications, e.g. annual reports, budget papers and program guidelines are available in our online archive.

Much of the material listed on these archived web pages has been superseded, or served a particular purpose at a particular time. It may contain references to activities or policies that have no current application. Many archived documents may link to web pages that have moved or no longer exist, or may refer to other documents that are no longer available.

Portfolio Additional Estimates Statements 2003-2004

Environment and Heritage Portfolio
Explanation of Additional Estimates 2003-2004
Commonwealth of Australia 2004
ISSN 1448-9058

Part C - Agency Additional Estimates Statements (continued)
Australian Greenhouse Office (continued)

Section 3 - Budgeted Financial Statements

The following budgeted departmental financial statements and administered notes for the Australian Greenhouse Office are presented in this section. Information from the following budgeted financial statements, forms part of the financial statements that will appear in the Australian Greenhouse Office’s 2003-2004 Annual Report, and is also required as input into the Whole of Government Accounts.

Budgeted Departmental Statement of Financial Performance

This statement provides a picture of the expected financial results for the Australian Greenhouse Office by identifying full accrual expenses, revenues and highlights whether the Australian Greenhouse Office is operating at a sustainable level.

Budgeted Departmental Statement of Financial Position

This statement shows the financial position of the Australian Greenhouse Office. It helps decision makers to track the management of the Australian Greenhouse Office's assets and liabilities.

Budgeted Departmental Statement of Cash Flows

Budgeted cash flows, as reflected in the statement of cash flows, provide important information on the extent and nature of cash flows by categorising them into expected cash flows from operating activities, investing activities and financing activities.

Departmental Capital Budget Statement

Shows all planned capital expenditure (capital expenditure on non-financial assets), whether funded either through capital appropriations for additional equity or borrowings, or from funds from internal sources.

Departmental Non-financial Assets - Summary of Movement

Shows budgeted acquisitions and disposals of non-financial assets during the budget year.

Schedule of Budgeted Revenues and Expenses Administered on behalf of Government

This schedule identifies the main revenues and expenses administered on behalf of the Government.

Schedule of Budgeted Assets and Liabilities Administered on behalf of Government

This schedule shows the assets and liabilities administered on behalf of the Government.

Schedule of Budgeted Administered Cash Flows

This schedule shows cash flows administered on behalf of the Government.

Schedule of Administered Capital Budget

This schedule shows details of planned administered capital expenditure.

Schedule of Administered Non-financial Assets - Summary of Movement

This schedule discloses details of movements in administered non-financial assets.

Table 3.1 Budgeted Departmental Statement of Financial Performance
(for the period ended 30 June 2004)
     

Revised
Budget

FORWARD

   

Actual

Estimate

ESTIMATES

 

Note

2002-03

2003-04

2004-05

2005-06

2006-07

   

$'000

$'000

$'000

$'000

$'000

REVENUES FROM ORDINARY ACTIVITIES

           

Revenues from Government

 

62,033

107,157

91,570

91,807

69,013

Sales of Goods and Services

 

1,460

0

0

0

0

Interest

 

386

0

0

0

0

Others

 

45

0

0

0

0

Total revenues from ordinary activities

 

63,924

107,157

91,570

91,807

69,013

             

EXPENSES FROM ORDINARY

           

ACTIVITIES (excluding borrowing costs expense)

           

Employees

 

16,355

14,495

8,466

8,708

6,567

Suppliers

 

26,790

52,120

12,627

10,950

8,828

Grants

 

23,677

46,964

70,411

72,069

53,542

Depreciation and amortisation

 

105

85

66

80

76

Total expenses from ordinary activities (excluding borrowing costs expense)

 

66,927

113,664

91,570

91,807

69,013

Borrowing cost expense

 

0

0

0

0

0

Net Surplus or (deficit) from ordinary activities

 

(3,003)

(6,507)

0

0

0

Gain or loss on extraordinary items

 

0

0

0

0

0

Net Surplus or (deficit)

 

(3,003)

(6,507)

0

0

0

Capital Use Charge (CUC)

1(c)

(1,512)

0

0

0

0

Net Surplus or (deficit) attributable to the Commonwealth

 

(4,515)

0

0

0

0

 

Table 3.2 Budgeted Departmental Statement of Financial Position
(as at 30 June 2004)
     

Revised

Budget

FORWARD

   

Actual

Estimate

ESTIMATES

 

Note

2002-03

2003-04

2004-05

2005-06

2006-07

   

$'000

$'000

$'000

$'000

$'000

ASSETS

           

Financial Assets

           

Cash

 

1,288

2,061

1,330

1,568

1,568

Receivables

 

29,931

23,509

23,436

23,464

23,464

Accrued revenues

 

0

0

0

0

0

Total financial assets

 

31,219

25,570

24,766

25,032

25,032

             

Non-financial assets

           

Infrastructure, plant and equipment

 

151

113

75

37

0

Intangible

 

194

147

119

77

38

Other

 

54

14

14

89

165

Total Non-financial assets

 

399

274

208

203

203

             

Total Assets

 

31,618

25,844

24,974

25,235

25,235

             

LIABILITIES

           

Interest bearing liabilities

           

Loans

 

0

0

0

0

0

Other

 

0

0

0

0

0

Total debt

 

0

0

0

0

0

             

Provisions

           

Employees

 

4,487

4,699

5,014

5,355

5,355

Other

 

0

0

0

0

0

Total Provisions

 

4,487

4,699

5,014

5,355

5,355

             

Payables

           

Suppliers

 

2,579

3,005

1,731

1,592

1,592

Grants

 

954

1,049

1,138

1,197

1,197

Other

 

0

0

0

0

0

Total Payables

 

3,533

4,054

2,869

2,789

2,789

             

Total Liabilities

 

8,020

8,753

7,883

8,144

8,144

             

EQUITY

           

Parent entity Interest

           

Capital

 

(1,053)

(1,053)

(1,053)

(1,053)

(1,053)

Reserves

 

57

57

57

57

57

Statutory funds

 

0

0

0

0

0

Retained surpluses or accumulated deficits

 

24,594

18,087

18,087

18,087

18,087

Total parent entity interest

 

23,598

17,091

17,091

17,091

17,091

             

Total equity

 

23,598

17,091

17,091

17,091

17,091

             
             

Total assets and liabilities by maturity

           

Current liabilities

 

5,904

6,444

5,803

5,995

5,995

Non-current liabilities

 

2,116

2,309

2,080

2,149

2,149

Current assets

 

31,273

25,584

24,780

25,121

25,197

Non-current assets

 

345

260

194

114

38

 

Table 3.3 Budgeted Departmental Statement of Cash Flows
(for the period ended 30 June 2004)
     

Revised
Budget

FORWARD

   

Actual

Estimate

ESTIMATES

 

Note

2002-03

2003-04

2004-05

2005-06

2006-07

   

$'000

$'000

$'000

$'000

$'000

OPERATING ACTIVITIES

           

Cash received

           

Appropriations for outputs

 

60,904

113,664

91,570

91,807

69,013

Sales of goods and services

 

443

0

0

0

0

Interest

 

420

0

0

0

0

GST Input Credit

 

3,934

8,791

7,792

7,006

4,989

Total cash received

 

65,701

122,455

99,362

98,813

74,002

             

Cash Used

           

Employees

 

15,843

14,264

8,151

8,367

6,567

Suppliers

 

26,639

51,694

13,901

11,164

8,905

Grants

 

24,181

46,869

70,322

72,010

53,542

Cash to OPA

 

26,620

0

0

0

0

GST Payments to Suppliers

 

3,996

8,855

7,719

7,034

4,988

Other

 

176

0

0

0

0

Total cash used

 

97,455

121,682

100,093

98,575

74,002

             

Net cash from/(used by) operating activities

 

(31,754)

773

(731)

238

0

             

INVESTING ACTIVITIES

           

Cash Received

           

Proceeds from sale of property, plant

           

and equipment

 

0

0

0

0

0

Total Cash Received

 

0

0

0

0

0

             

Cash used

           

Purchase of property, plant and equipment

 

239

0

0

0

0

Total cash used

 

(239)

0

0

0

0

             

Net cash from/(used by) investing activities

 

(239)

0

0

0

0

FINANCING ACTIVITIES

           
             

Cash Received

           

Proceeds from debt

 

0

0

0

0

0

Proceeds from issuing equity instruments

 

0

0

0

0

0

Total Cash Received

 

0

0

0

0

0

             

Cash Used

           

Capital use charge paid

 

2,577

0

0

0

0

Cash to OPA - ABIS

 

1,053

0

0

0

0

Total Cash Used

 

3,630

0

0

0

0

             

Net cash from/(used by) financing activities

 

(3,630)

0

0

0

0

             

Net increase/(decrease) in cash held

 

(35,623)

773

(731)

238

0

             

Cash at the beginning of the reporting period

 

36,911

1,288

2,061

1,330

1,568

Cash at the end of the reporting period

 

1,288

2,061

1,330

1,568

1,568

 

Table 3.4 Departmental Capital Budget Statement
The Australian Greenhouse Office has not been appropriated any Departmental Capital in 2003-04.

 

Table 3.5 Departmental Non-financial Assets
Summary of Movement (Budget Year 2003-04)
       

Other

Heritage
     
     

Specialist

Infrastruc

and

     
     

Military

Plant and

cultural

Computer

Other

 
 

Land

Buildings

Equipment

Equipment

assets

software

intangibles

Total

 

$'000

$'000

$'000

$'000

$'000

$'000

$'000

$'000

Carrying amount at the start of the year

     

151

 

194

 

345

Additions

               

Disposals

               

Revaluation Increments

               

Recoverable Amount Write-Downs

               

Net Transfers free of Charge

               

Depreciation/Amortisation Expense

     

38

 

47

 

85

Write-off of Assets

               

Carrying amount at the end of the year

     

113

 

147

 

260

 

Table 3.6 Schedule of Budgeted Revenues and Expenses Administered on Behalf of Government
(for the period ended 30 June 2004)
     

Revised
Budget

FORWARD

   

Actual

Estimate

ESTIMATES

 

Note

2002-03

2003-04

2004-05

2005-06

2006-07

   

$'000

$'000

$'000

$'000

$'000

Revenues

           

Non-taxation

           

Revenues from Government

 

0

0

0

0

0

Total non-taxation

 

0

0

0

0

0

Total revenues administered on behalf of the Government

 

0

0

0

0

0

             

Expenses

           

Grants

 

25,556

14,337

24,184

25,186

23,932

Total expenses administered on behalf of the Government

 

25,556

14,337

24,184

25,186

23,932

 

Table 3.7 Schedule of Budgeted Assets and Liabilities Administered on Behalf of Government
(as at 30 June 2004)
     

Revised
Budget

FORWARD

   

Actual

Estimate

ESTIMATES

 

Note

2002-03

2003-04

2004-05

2005-06

2006-07

   

$'000

$'000

$'000

$'000

$'000

ASSETS

           

Financial Assets

           

Cash

 

0

0

0

0

0

Receivables

 

0

0

0

0

0

Total financial assets

 

0

0

0

0

0

             

Non-financial assets

           

Infrastructure, plant and equipment

 

0

0

0

0

0

Other

 

0

0

0

0

0

Total Non-financial assets

 

0

0

0

0

0

             

Total Assets Administered on behalf of the Government

 

0

0

0

0

0

             

LIABILITIES

           

Provisions

           

Employees

 

0

0

0

0

0

Other

 

0

0

0

0

0

Total Provisions

 

0

0

0

0

0

             

Payables

           

Suppliers

 

0

0

0

0

0

Grants

 

1,989

1,989

1,989

1,989

1,989

Other

 

21

21

21

21

21

Total Payables

 

2,010

2,010

2,010

2,010

2,010

Total Liabilities Administered on behalf of the Government

 

2,010

2,010

2,010

2,010

2,010

             

 

Current liabilities

2,010

2,010

2,010

2,010

2,010

Non-current liabilities

0

0

0

0

0

Current assets

0

0

0

0

0

Non-current assets

0

0

0

0

0

 

Table 3.8 Schedule of Budgeted Administered Cash Flows
(for the period ended 30 June 2004)
     

Revised
Budget

FORWARD

   

Actual

Estimate

ESTIMATES

 

Note

2002-03

2003-04

2004-05

2005-06

2006-07

   

$'000

$'000

$'000

$'000

$'000

OPERATING ACTIVITIES

           

Cash received

           

Sales of goods and services

 

0

0

0

0

0

Interest

 

0

0

0

0

0

Cash from Official Public Account

 

23,714

14,337

24,184

25,269

24,015

Appropriations

 

0

0

0

0

0

Special Accounts

 

0

0

0

0

0

Other – GST Input Credit

 

176

83

83

83

83

Total cash received

 

23,890

14,420

24,267

25,352

24,098

             

Cash Used

           

Suppliers

 

0

0

0

0

0

Grants

 

23,714

14,254

24,101

25,186

23,932

Cash to Official Public Account

 

176

83

83

83

83

Appropriations

 

0

0

0

0

0

Special Accounts

 

0

0

0

0

0

GST Payments to Suppliers

 

0

83

83

83

83

Total cash used

 

23,890

14,420

24,267

25,352

24,098

             

Net cash from operating activities

 

0

0

0

0

0

             

INVESTING ACTIVITIES

           

Cash Received

 

0

0

0

0

0

Total Cash Received

 

0

0

0

0

0

             

Cash Used

 

0

0

0

0

0

Total cash used

 

0

0

0

0

0

             

Net cash from investing activities

 

0

0

0

0

0

             

FINANCING ACTIVITIES

           

Cash Received

 

0

0

0

0

0

Total Cash Received

 

0

0

0

0

0

             

Cash Used

 

0

0

0

0

0

Total cash used

 

0

0

0

0

0

             

Net cash from financing activities

 

0

0

0

0

0

             

Net increase/decrease in cash held

 

0

0

0

0

0

             

Cash at the beginning of the reporting period

 

0

0

0

0

0

Cash at the end of the reporting period

 

0

0

0

0

0

Table 3.9 Schedule of Administered Capital Budget

The Australian Greenhouse Office has not been appropriated any Administered Capital in 2003-04.

Table 3.10 Schedule of Administered Non-Financial Assets - Summary of Movement (Budget Year 2003-04)

The Australian Greenhouse Office does not administer any non-financial assets on behalf of the Commonwealth.

Notes to Financial Statements

1. General notes on accrual budgeting framework
(a) Departmental Financial Statements and Notes of Administered Items

Under the Commonwealth’s accrual budgeting framework, and consistent with Australian Accounting Standards, transactions that agencies control (departmental transactions) are separately budgeted for and reported on from transactions over which agencies do not have control (administered transactions). This ensures that agencies are only held fully accountable for the transactions over which they have control.

(b) Appropriations in the Accrual Budgeting Framework

Under the Commonwealth’s accrual budgeting framework, separate annual appropriations are provided for:

(c) Capital Use Charge

The Government has discontinued the Capital Use Charge from 1 July 2003.

(d) Administered investments in controlled entities

Each Commonwealth Department is required to show an administered investment in each Commonwealth Authority and Company Act entity within their portfolio. These administered investments should be valued at the Commonwealth’s ownership interest in the net assets of those CAC entities, fixed at a notional acquisition date of 30 June 1997.

(e) Asset Valuation

From 1 July 2002 Commonwealth agencies and authorities are required to use either the cost basis or the fair value basis to measure property, plant and equipment. The shift from the deprival method of valuation to fair value should occur gradually over a three-year period. Fair value essentially reflects the current market value of an asset. See guidance from the Department of Finance and Administration on how to calculate fair value.