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Much of the material listed on these archived web pages has been superseded, or served a particular purpose at a particular time.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

Section 3 - Budgeted Financial Statements

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

Budgeted Departmental Statement of Financial Position

This statement shows the financial position of the Director of National Parks. It helps decision makers to track the management of the Director of National Parks’ 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

 

45,916

35,552

36,431

37,658

39,830

Sales of goods and services

 

9,451

11,420

16,220

17,031

17,883

Interest

 

974

450

450

450

450

Other

 

6,606

5,259

4,559

4,559

4,559

Total revenues from ordinary activities

 

62,947

52,681

57,660

59,698

62,722

             

EXPENSES FROM ORDINARY

           

ACTIVITIES (excluding borrowing costs expense)

           

Employees

 

20,582

20,672

21,291

21,928

22,585

Suppliers

 

25,135

24,807

25,634

26,020

27,926

Grants

           

Depreciation and amortisation

 

8,933

10,032

10,441

10,441

10,441

Total expenses from ordinary activities (excluding borrowing costs expense)

 

54,650

55,511

57,366

58,389

60,952

Borrowing cost expense

           

Net Surplus or (deficit) from ordinary activities

 

8,297

(2,830)

294

1,309

1,770

Gain or loss on extraordinary items

           

Net Surplus or (deficit)

 

8,297

(2,830)

294

1,309

1,770

Capital Use Charge (CUC)

1(c)

(11,516)

       

Net Surplus or (deficit) attributable to the Commonwealth

 

(3,219)

(2,830)

294

1,309

1,770

 

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

 

10,345

1,001

2,209

3,193

3,253

Receivables

 

1,300

400

400

400

400

Investment - deposits

 

13,848

7,200

7,392

8,000

10,000

Other

           

Total financial assets

 

25,493

8,601

10,001

11,593

13,653

             

Non-financial assets

           

Land and buildings

 

54,542

53,342

50,442

50,542

47,642

Infrastructure, plant and equipment

 

47,582

46,654

48,634

48,443

51,252

Intangibles

 

10

10

10

10

10

Other

 

303

303

303

303

303

Total Non-financial assets

 

102,437

100,309

99,389

99,298

99,207

             

Total Assets

 

127,930

108,910

109,390

110,891

112,860

             

LIABILITIES

           

Finance Leases

           

Lease

 

203

0

0

0

0

Total Leases

 

203

0

0

0

0

             

Provisions

           

Employees

 

5,130

5,310

5,496

5,688

5,887

CUC

 

12,545

0

0

0

0

Total Provisions

 

17,675

5,310

5,496

5,688

5,887

             

Payables

           

Suppliers

 

6,622

3,000

3,000

3,000

3,000

Total Payables

 

6,622

3,000

3,000

3,000

3,000

             

Total Provision and Payables

 

24,500

8,310

8,496

8,688

8,887

             

Total Liabilities

 

24,500

8,310

8,496

8,688

8,887

             

EQUITY

           

Parent entity Interest

           

Contributed equity

 

9,755

9,755

9,755

9,755

9,755

Reserves

 

26,698

26,698

26,698

26,698

26,698

Statutory funds

           

Retained surpluses or accumulated deficits

 

66,977

64,147

64,441

65,750

67,520

Total equity

 

103,430

100,600

100,894

102,203

103,973

             

Current liabilities

 

22,209

5,920

6,023

6,129

6,238

Non-current liabilities

 

2,291

2,390

2,473

2,559

2,649

Current assets

 

25,503

8,914

10,314

11,906

13,966

Non-current assets

 

102,427

99,996

99,076

98,985

98,894

 

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

 

45,916

35,552

36,431

37,658

39,830

Other

 

14,380

14,729

17,929

18,740

19,592

Total cash received

 

60,296

50,281

54,360

56,398

59,422

             

Cash Used

           

Employees

 

20,311

20,492

21,105

21,736

22,386

Suppliers

 

22,354

25,479

22,684

23,070

24,976

Total cash used

 

42,665

45,971

43,789

44,806

47,362

             

Net cash from operating activities

 

17,631

4,310

10,571

11,592

12,060

             

INVESTING ACTIVITIES

           

Cash Received

           

Proceeds from sale of property, plant

 

346

500

500

500

500

and equipment

           

Total Cash Received

 

346

500

500

500

500

             

Cash used

           

Purchase of property, plant and equipment

 

10,415

8,054

9,671

10,500

10,500

Other

 

155

203

     

Total cash used

 

10,570

8,257

9,671

10,500

10,500

             

NET CASH FROM INVESTING ACTIVITIES

 

(10,224)

(7,757)

(9,171)

(10,000)

(10,000)

             
             
Cash Received            
Total Cash Received   0 0 0 0 0
             

Cash Used

           

Capital use charge paid

 

0

12,545

0

0

0

Dividends paid

           

Total Cash Used

 

0

12,545

0

0

0

             

NET CASH FROM FINANCING ACTIVITIES

 

0

(12,545)

0

0

0

             

Net increase/decrease in cash held

 

7,408

(15,992)

1,400

1,592

2,060

             

Cash at the beginning of the reporting period

 

16,786

24,193

8,201

9,601

11,193

Cash at the end of the reporting period

 

24,193

8,201

9,601

11,193

13,253

 

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

           

Total loans

           
             

Represented by:

           

Purchase of non-current assets

           

Other

           
             

Purchase of non-current assets

           

Funded by capital appropriations

           

Funded internally by departmental resources

 

10,415

8,054

9,671

10,500

10,500

 

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

8,345

46,197

 

47,582

   

10

102,134

Additions *

 

1,500

 

6,554

     

8,054

Disposals

     

150

     

150

Revaluation Increments

               

Recoverable Amount Write-Downs

               

Net Transfers free of Charge

               

Depreciation/Amortisation Expense

 

2,700

 

7,332

     

10,032

Write-off of Assets

               

Carrying amount at the end of the year

8,345

44,997

 

46,654

   

10

100,006

                 
* TOTAL ADDITIONS                

Self funded

 

1,500

  6,554      

8,054

Appropriations

               

TOTAL

 

1,500

 
6,554
     

8,054

 

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.