Department of the Environment

About us | Contact us | Publications

About us header images - leftAbout us header images - centreAbout us header images - right

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Much of the material listed on these archived web pages has been superseded, or served a particular purpose at a particular time.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 Heritage Commission (continued)

Section 3 - Budgeted Financial Statements

The budgeted departmental financial statements for the Australian Heritage Commission (AHC) are presented in this section. Information from the budgeted financial statements, forms part of the financial statements that will appear in the Australian Heritage Commission's 2003-2004 Annual Report, and is also required as input into the Whole of Government Accounts.

Due to legislative changes, the AHC will be abolished on 31 December 2003. Consequently, these budgeted financial statements represent the period 1 July to 31 December 2003.

Budgeted Departmental Statement of Financial Performance

This statement provides a picture of the expected financial results for the Australian Heritage Commission by identifying full accrual expenses, revenues and capital use charge (which ceased after 2002-03), and highlights whether the Australian Heritage Commission is operating at a sustainable level.

Budgeted Departmental Statement of Financial Position

This statement shows the financial position of the Australian Heritage Commission. It helps decision makers to track the management of the Australian Heritage Commission'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.

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

1

6,935

7,230

     

Sales of goods and services

 

1

0

     

Interest

 

87

87

     

Other

 

2,353

1,116

     

Total revenues from ordinary activities

 

9,376

8,433

     
             

EXPENSES FROM ORDINARY

2

         

ACTIVITIES (excluding borrowing costs expense)

           

Employees

 

5,942

3,213

     

Suppliers

 

2,928

1,540

     

Grants

 

64

0

     

Depreciation and amortisation

 

120

162

     

Write-down of assets

 

29

0

     

Other

 

63

37

     

Total expenses from ordinary activities (excluding borrowing costs expense)

 

9,146

4,952

     

Borrowing cost expense

 

0

0

     

Net Surplus or (deficit) from ordinary activities

 

230

3,481

     

Gain or loss on extraordinary items

 

0

0

     

Net Surplus or (deficit)

 

230

3,481

     

Capital Use Charge (CUC)

1(c)

(151)

       

Net Surplus or (deficit) attributable to the Commonwealth

 

79

3,481

     

 

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

Revised
Budget

FORWARD

   

Actual

Estimate

ESTIMATES

   

2002-03

2003-04

2004-05

2005-06

2006-07

   

$'000

$'000

$'000

$'000

$'000

ASSETS

           

Financial Assets

           

Cash

 

2,071

0

     

Receivables

 

178

0

     

Accrued Revenue

 

12

0

     

Total financial assets

 

2,261

0

     
             

Non-financial assets

           

Land and buildings

 

0

0

     

Infrastructure, plant and equipment

 

345

0

     

Intangibles

 

1,162

0

     

Inventories

 

109

0

     

Other

 

2

0

     

Total Non-financial assets

 

1,618

0

     
             

Total Assets

 

3,879

0

     
             

LIABILITIES

           

Interest bearing liabilities

           

Loans

 

0

0

     

Other

 

0

0

     

Total debt

 

0

0

     
             

Provisions

           

Employees

 

1,530

0

     

Total Provisions

 

1,530

0

     
             

Payables

           

Suppliers

 

875

0

     

Grants

 

66

0

     

Other

 

105

0

     

Total Payables

 

1,046

0

     
             

Total Payables

 

1,046

0

     
             

Total Liabilities

 

2,576

0

     
             

EQUITY

           

Parent entity Interest

           

Contributed equity

 

0

0

     

Reserves

 

506

0

     

Statutory funds

 

0

0

     

Retained surpluses or accumulated deficits

 

797

0

     

Total parent entity interest

 

1,303

0

     
             

Total equity

 

1,303

0

     
             
             

Total assets and liabilities by maturity

           

Current liabilities

 

1876

0

     

Non-current liabilities

 

700

0

     

Current assets

 

2320

0

     

Non-current assets

 

1559

0

     

 

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

Revised
Budget

FORWARD

   

Actual

Estimate

ESTIMATES

   

2002-03

2003-04

2004-05

2005-06

2006-07

OPERATING ACTIVITIES

 

$'000

$'000

$'000

$'000

$'000

Cash received

           

Appropriations for outputs

 

6,935

7,230

     

Other

 

288

87

     

Total cash received

 

7,223

7,317

     
             

Cash Used

           

Employees

 

5,717

3,114

     

Suppliers

 

1,027

722

     

Other

 

130

5,552

     

Total cash used

 

6,874

9,388

     
             

Net cash from operating activities

 

349

(2,071)

     
             

INVESTING ACTIVITIES

           

Cash Received

           

Proceeds from sale of property, plant

 

0

0

     

and equipment

           

Total Cash Received

 

0

0

     
             

Cash used

           

Purchase of property, plant and equipment

 

22

0

     

Other

 

748

0

     

Total cash used

 

770

0

     
             

NET CASH FROM INVESTING ACTIVITIES

 

770

0

     
             
FINANCING ACTIVITIES            
             
Cash Received            
Proceeds from debt   0 0      
Proceeds from issuing equity instruments   0 0      
Cash from other finance activities   104 0      
Total Cash Received   104 0      
             

Cash Used

           

Repayment of debt

 

77

0

     

Capital use charge paid

 

151

0

     

Dividends paid

           

Total Cash Used

 

228

0

     
             

NET CASH FROM FINANCING ACTIVITIES

 

124

0

     
             

Net increase/decrease in cash held

 

545

(2,071)

     
             

Cash at the beginning of the reporting period

 

2,616

(2,071)

     

Cash at the end of the reporting period

 

2,071

0

     

 

Table 3.4 - Departmental Capital Budget Statement
     

Revised
Budget

     
   

Actual

Estimate

ESTIMATED

   

2002-03

2003-04

2004-05

2005-06

2006-07

   

$'000

$'000

$'000

$'000

$'000

Capital appropriations

           

Total equity injections

           

Total loans

           
             

Represented by:

           

Purchase of non-current assets

           

Other

           
             

Purchase of non-current assets

           

Funded by capital appropriations

           

Funded internally by departmental resources

 

770

       

 

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

Other

       
     

Specialist

Infrastruc

Heritage
     
     

Military

Plant and

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

0

0

0

345

0

1,162

0

1,507

Additions

         

0

   

Transfers to the Department of the Environment and Heritage

     

(345)

 

(1,162)

 

(1,507)

Revaluation Increments

             

0

Recoverable Amount Write-Downs

             

0

Net Transfers free of Charge

             

0

Depreciation/Amortisation Expense

             

0

Write-off of Assets

             

0

Carrying amount at the end of the year

0

0

0

0

0

0

0

0

 

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:

Special appropriations exist under the accrual appropriation framework, and fund the majority of payments from the Consolidated Revenue Fund.

(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.

  1. On 8 September 2003, Parliament passed a package of legislation which abolished the Australian Heritage Commission on 31 December 2003, replaced it with an Australian Heritage Council and incorporates a new heritage regime into the Environment Protection and Biodiversity Conservation Act 1999. These legislative changes take effect from a proclamation date of 1 January 2004. From this date onwards, the new heritage regime will be administered by the Department of the Environment and Heritage.

Due to these legislative changes the forward year estimates (2004 05 to 2006 07) have been transferred to the Department.

There is no change to Revenue from Government in 2003-04. Whilst the AHC was abolished from 1 January 2004, the 2003-04 Budget for the AHC cannot be reduced in accordance with the Australian Heritage Commission Act 1975. Upon repeal of the Act, the Commission's funds have become void.

  1. The 2003 04 expense estimates shown represent the period 1 July to 31 December 2003.