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Publications archive - Budget statements

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Much of the material listed on these archived web pages has been superseded, or served a particular purpose at a particular time.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

Section 3 - Budgeted Financial Statements

The budgeted departmental financial statements for the Commonwealth Bureau of Meteorology are presented in this section. Information from the budgeted financial statements, forms part of the financial statements that will appear in the Commonwealth Bureau of Meteorology'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 Commonwealth Bureau of Meteorology by identifying full accrual expenses, revenues, and highlights whether the Commonwealth Bureau of Meteorology is operating at a sustainable level.

Budgeted Departmental Statement of Financial Position

This statement shows the financial position of the Commonwealth Bureau of Meteorology. It helps decision makers to track the management of the Commonwealth Bureau of Meteorology'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  
162,517
197,664
190,080
200,202
204,566
Sales of goods and services  
10,372
15,264
14,297
14,292
14,287
Proceeds from sale of Assets  
7
325
325
325
325
Interest  
77
0
0
0
0
Other  
1,438
210
215
220
225
Total revenues from ordinary activities  
 
213,463
204,917
215,039
219,403
   
EXPENSES FROM ORDINARY  
ACTIVITIES (excluding borrowing costs expense)  
Employees  
86,544
107,968
110,237
112,678
115,384
Suppliers  
48,999
64,096
54,596
60,536
61,566
Depreciation and amortisation  
28,805
39,912
38,588
40,308
40,939
Net Write down of Assets  
141
1
1
1
1
Value of Assets sold  
123
325
325
325
325
Other goods and services expenses  
1,075
1,161
1,170
1,191
1,188
Total expenses from ordinary activities (excluding borrowing costs expense)  
165,687
213,463
204,917
215,039
219,403
Borrowing cost expense  
Net Surplus or (deficit) from ordinary activities  
8,724
0
0
0
0
Gain or loss on extraordinary items  
Net Surplus or (deficit)  
8,724
0
0
0
0
Capital Use Charge (CUC) 1(c)
(13,918)
Net Surplus or (deficit) attributable to the Commonwealth  
(5,194)
0
0
0
0

 

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

3,017

0

0

0

0

Receivables

 

7,663

7,640

7,640

7,640

7,640

Accrued revenues

 

523

523

523

523

523

Total financial assets

 

11,203

8,163

8,163

8,163

8,163

             

Non-financial assets

           

Land and buildings

 

38,237

37,481

40,975

43,933

46,891

Infrastructure, Plant and Equipment

 

147,766

156,164

162,626

166,663

172,700

Intangibles

 

13,314

12,828

12,718

14,523

16,328

Inventories

 

12,847

12,847

12,847

12,847

12,847

Other

 

9,630

9,630

9,630

9,630

9,630

Total Non-financial assets

 

 

 

 

 

 

             

Total Assets

 

232,997

237,113

246,959

255,759

266,559

             

Provisions

           

Employees

2

60,280

58,088

58,834

58,834

58,834

Other

 

0

0

0

0

0

Total Provisions

 

60,280

58,088

58,834

58,834

58,834

             

Payables

           

Suppliers

 

2,311

2,311

2,311

2,311

2,311

Other

 

5,953

5,961

5,961

5,961

5,961

Total Payables

 

8,264

8,272

8,272

8,272

8,272

             

Total Liabilities

 

68,544

66,360

67,106

67,106

67,106

EQUITY

           

Parent entity Interest

           

Contributed equity

   

6,300

15,400

24,200

35,000

Reserves

 

3,023

3,023

3,023

3,023

3,023

Statutory funds

           

Retained surpluses or accumulated deficits

 

161,430

161,430

161,430

161,430

161,430

Total parent entity interest

 

164,453

170,753

179,853

188,653

199,453

             

Total equity

 

164,453

170,753

179,853

188,653

199,453

             
             

Total assets and liabilities by maturity

           

Current liabilities

 

33,204

32,118

32,479

32,479

32,479

Non-current liabilities

 

35,340

34,242

34,627

34,627

34,627

Current assets

 

28,376

28,928

30,129

31,203

32,520

Non-current assets

 

204,621

208,185

216,830

224,556

234,039

 

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

 

163,430

197,664

190,080

200,202

204,566

Sale of Goods and Services

 

10,372

15,264

14,297

14,292

14,287

Interest

 

171

0

0

0

0

GST Input Credit receipts

 

4,678

7,381

7,350

7,350

7,350

GST Receipts from Customers

 

507

960

960

960

960

Cash Received - Other

 

0

210

215

220

225

Total cash received

 

 

479

902

024

388

             

Cash Used

           

GST payments to Suppliers

 

7,181

4,560

4,560

4,560

4,560

Employees

 

81,060

110,160

109,491

112,678

115,384

Suppliers

 

55,376

65,257

55,766

61,727

62,754

Cash to the Official Public Account

 

4,149

0

0

0

0

Cash used – Other

 

1,275

0

0

0

0

Total cash used

 

 

977

817

965

698

             

Net cash from operating activities

 

30,117

41,502

43,085

44,059

44,690

             

INVESTING ACTIVITIES

           

Cash Received

           

Proceeds from sale of property, plant

 

7

325

325

325

325

and equipment

           

Total Cash Received

 

7

325

325

325

325

             

Cash used

           

Purchase of property, plant and equipment

 

31,564

47,393

48,759

49,433

52,064

Other

 

0

3,751

3,751

3,751

3,751

Total cash used

 

 

 

 

 

 

             

NET CASH FROM INVESTING ACTIVITIES

 

(31,557)

(50,819)

(52,185)

(52,859)

(55,490)

FINANCING ACTIVITIES

           
             

Cash Received

           

Proceeds from debt

           

Cash from Capital Injections

 

0

6,300

9,100

8,800

10,800

Total Cash Received

 

0

6,300

9,100

8,800

10,800

             

Cash Used

           

Repayment of debt

           

Capital use charge paid

 

20,687

0

0

0

0

Dividends paid

           

Total Cash Used

 

20,687

0

0

0

0

             

NET CASH FROM FINANCING ACTIVITIES

 

(20,687)

6,300

9,100

8,800

10,800

             

Net increase/decrease in cash held

 

(22,127)

(3,017)

0

0

0

             

Cash at the beginning of the reporting period

2

25,144

3,017

0

0

0

Cash at the end of the reporting period

 

3,017

0

0

0

0

 

Table 3.4 Departmental Capital Budget Statement
     

Revised
Budget

FORWARD

   

Actual

Estimate

ESTIMATES

   

2002-03

2003-04

2004-05

2005-06

2006-07

   

$'000

$'000

$'000

$'000

$'000

Capital appropriations

           

Total equity injections

   

6,300

9,100

8,800

10,800

Total loans

           
             

Represented by:

           

Purchase of non-current assets

   

6,300

9,100

8,800

10,800

Other

           
             

Purchase of non-current assets

           

Funded by capital appropriations

   

6,300

9,100

8,800

10,800

Funded internally by departmental resources

 

34,281

41,093

39,659

40,633

41,264

 

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

3,882

34,355

0

147,766

0

13,314

0

199,317

Additions

165

3,781

 

42,889

 

558

 

 

Disposals

100

200

 

35

 

0

 

335

Revaluation Increments

             

0

Recoverable Amount Write-Downs

             

0

Net Transfers free of Charge

             

0

Disposals for Cash consideration

     

10

     

10

Depreciation/Amortisation Expense

 

4,402

 

34,466

 

1,044

 

 

Write-off of Assets

             

0

Carrying amount at the end of the year

3,947

33,534

0

156,164

0

12,828

0

 

 

* Total Additions

Self funded

165

3,781

 

36,589

 

558

 

41,093

Appropriations

     

6,300

 

     

6,300

TOTAL

165

3,781

 

42,889

 

558

 

47,393

 

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

           

Taxation

 

0

0

0

0

0

Non-taxation

           

Sales of goods and services

3

12,788

15,890

16,100

16,700

17,250

Interest

           

Other sources of non-taxation revenues

           

Total non-taxation

 

12,788

15,890

16,100

16,700

17,250

Total revenues administered on behalf of the Government

 

12,788

15,890

16,100

16,700

17,250

             

Expenses

           

Grants

           

Suppliers

 

0

25

25

25

25

Other

           

Total expenses administered on behalf of the Government

 

0

25

25

25

25

 

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

           

Receivables

 

1,488

1,488

1,488

1,488

1,488

Investments

           

Accrued revenues

 

1,138

1,138

1,138

1,138

1,138

Total financial assets

 

2,626

2,626

2,626

2,626

2,626

             

Non-financial assets

           

Land and Buildings

           

Infrastructure, plant and equipment

           

Inventories

           

Other

           

Total Non-financial assets

 

0

0

0

0

0

             

Total Assets Administered on behalf of the Government

 

2,626

2,626

2,626

2,626

2,626

             

LIABILITIES

           

Provisions

           

Employees

           

Other

           

Total Provisions

 

0

0

0

0

0

             

Payables

           

Suppliers

           

Grants

           

Other

 

13

13

13

13

13

Total Payables

           

Total Liabilities Administered on behalf of the Government

 

13

13

13

13

13

 

Current liabilities

13

13

13

13

13

Current assets

2,626

2,626

2,626

2,626

2,626

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

 

12,454

17,097

17,466

17,889

17,889

Interest

           

Cash from Official Public Account

           

Other

           

Total cash received

 

12,454

17,097

17,466

17,889

17,889

             

Cash Used

           

Suppliers

           

Grants

           

Cash to Official Public Account

 

11,327

15,519

15,876

16,260

16,260

Other

 

1,127

1,578

1,590

1,629

1,629

Total cash used

 

12,454

17,097

17,466

17,889

17,889

             

Net cash from operating activities

 

0

0

0

0

0

             

INVESTING ACTIVITIES

           

Cash Received

           

Other

           

Total Cash Received

 

0

0

0

0

0

             

Cash Used

           

Other

           

Purchase of new assets

           

Total cash used

 

0

0

0

0

0

             

Net cash from investing activities

 

0

0

0

0

0

FINANCING ACTIVITIES

           

Cash Received

           

Capital injection

           

Total Cash Received

 

0

0

0

0

0

             

Cash Used

           

Cash to the OPA

           

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

Administered Cash at the end of the reporting period

 

0

0

0

0

0

 

Table 3.9 - Schedule of Administered Capital Budget
The Commonwealth Bureau of Meteorology 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 Commonwealth Bureau of Meteorology 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 agencies do not have control over (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

Prior to 1 July 2003 a Capital-Use Charge was levied on agencies and authorities to reflect the opportunity cost of the Commonwealth's investment in those entities. It was levied on those agencies opening Departmental net assets (equity) at a rate of 11%.

Funding for the Capital-Use Charge was included in agencies and authorities price of outputs appropriations for the relevant years. The Capital Use Charge was accounted for as a ‘below Operating Result line' dividend payment.

The Government decided to discontinue 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.

2. Estimates of the Bureau's cash position and employee liabilities have been adjusted to reflect a matching to the cash holdings available to the Bureau to meet its obligation to pay employee entitlements.

3. Actual revenue for 2002-03 excludes revenues for the period 1 July 2002 to 11 September 2002 for the Bureau of Meteorology. The Bureau became a Prescribed Agency under the Financial Management and Accountability Act 1997 on 12 September 2002 and now reports as an agency in its own right. Prior to 12 September 2002, the Bureau reported under the Department of the Environment and Heritage.