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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Much of the material listed on these archived web pages has been superseded, or served a particular purpose at a particular time.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)
Great Barrier Reef Marine Park Authority (continued)

Section 3 - Budgeted Financial Statements

The budgeted departmental financial statements for the Great Barrier Reef Marine Park Authority are presented in this section. Information from the budgeted financial statements, forms part of the financial statements that will appear in the Great Barrier Reef Marine Park Authority’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 Great Barrier Reef Marine Park Authority by identifying full accrual expenses, revenues, and highlights whether the Great Barrier Reef Marine Park Authority is operating at a sustainable level.

Budgeted Departmental Statement of Financial Position

This statement shows the financial position of the Great Barrier Reef Marine Park Authority. It helps decision makers to track the management of the Great Barrier Reef Marine Park Authority’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

 

24,006

22,817

23,095

23,095

23,254

Sales of goods and services

 

4,891

3,088

3,270

3,476

3,525

Interest

 

257

100

100

100

100

Other

 

4,389

4,627

4,720

4,819

4,870

Total revenues from ordinary activities

 

33,543

30,632

31,185

31,490

31,749

             

EXPENSES FROM ORDINARY

           

ACTIVITIES (excluding borrowing costs expense)

           

Employees

 

11,555

11,947

12,297

12,647

12,897

Suppliers

 

10,760

8,369

8,383

8,138

8,046

Grants

 

0

0

0

0

0

Write-down of assets

 

14

0

0

0

0

Depreciation and amortisation

 

919

1,030

1,030

1,030

1,030

Other (Day-to-day Management)

 

8,860

9,286

9,475

9,675

9,776

Total expenses from ordinary activities (excluding borrowing costs expense)

 

32,108

30,632

31,185

31,490

31,749

Borrowing cost expense

 

21

0

0

0

0

Net Surplus or (deficit) from ordinary activities

 

1,414

0

0

0

0

Gain or loss on extraordinary items

 

0

0

0

0

0

Net Surplus or (deficit)

 

1,414

0

0

0

0

Capital use charge (CUC)

1(c)

(1,267)

0

0

0

0

Net Surplus or (deficit) attributable to the Commonwealth

 

147

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

 

2,768

3,345

4,045

4,245

5,145

Receivables

 

2,560

2,700

2,700

2,700

2,700

Accrued revenues

 

0

0

0

0

0

Other

 

8

19

19

19

19

Total financial assets

 

5,336

6,064

6,764

6,964

7,864

             

Non-financial assets

           

Land and buildings

 

10,349

9,711

9,343

9,625

9,107

Infrastructure, plant and equipment

 

1,574

1,728

1,612

1,346

1,180

Intangibles

 

365

319

273

227

181

Inventories

 

100

110

110

110

110

Other

 

478

469

469

469

469

Total Non-financial assets

 

12,866

12,337

11,807

11,777

11,047

             

Total Assets

 

18,202

18,401

18,571

18,741

18,911

             

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

 

3,104

3,274

3,444

3,614

3,784

Other

 

0

0

0

0

0

Total Provisions

 

3,104

3,274

3,444

3,614

3,784

             

Payables

           

Suppliers

 

1,252

1,397

1,397

1,397

1,397

Grants

 

0

0

0

0

0

Other

 

774

658

658

658

658

Total Payables

 

2,026

2,055

2,055

2,055

2,055

             

Total Liabilities

 

5,130

5,329

5,499

5,669

5,839

             

EQUITY

           

Parent entity Interest

           

Contributed equity

 

4,204

4,204

4,204

4,204

4,204

Reserves

 

12,537

12,537

12,537

12,537

12,537

Statutory funds

 

0

0

0

0

0

Retained surpluses or accumulated deficits

 

(3,669)

(3,669)

(3,669)

(3,669)

(3,669)

Total parent entity interest

 

13,072

13,072

13,072

13,072

13,072

             

Total equity

 

13,072

13,072

13,072

13,072

13,072

             
             

Total assets and liabilities by maturity

           

Current liabilities

 

3,730

3,844

3,929

4,014

4,099

Non-current liabilities

 

1,400

1,485

1,570

1,655

1,740

Current assets

 

5,914

6,643

7,343

7,543

8,443

Non-current assets

 

12,288

11,758

11,228

11,198

10,468

 

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

 

24,069

22,817

23,095

23,095

23,254

Sale of Goods and Services

 

5,121

3,213

3,270

3,476

3,525

Interest

 

221

100

100

100

100

Other

 

5,365

5,527

5,620

5,719

5,770

Total cash received

 

34,776

31,657

32,085

32,390

32,649

Cash Used

           

Employees

 

11,313

11,777

12,127

12,477

12,727

Suppliers

 

12,822

9,517

9,283

9,038

8,946

Interest

 

21

0

0

0

0

Other

 

8,860

9,286

9,475

9,675

9,776

Total cash used

 

33,016

30,580

30,885

31,190

31,449

             

Net cash from operating activities

 

1,760

1,077

1,200

1,200

1,200

             

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

 

2,814

500

500

1,000

300

Other

 

0

0

0

0

0

Total cash used

 

2,814

500

500

1,000

300

             

NET CASH FROM INVESTING ACTIVITIES

 

(2,814)

(500)

(500)

(1,000)

(300)

             

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

           

Repayment of debt

 

354

0

0

0

0

Capital use charge paid

 

1,267

0

0

0

0

Dividends paid

 

0

0

0

0

0

Total Cash Used

 

1,621

0

0

0

0

             

NET CASH FROM FINANCING ACTIVITIES

 

(1,621)

0

0

0

0

             

Net increase/decrease in cash held

 

(2,675)

577

700

200

900

             

Cash at the beginning of the reporting period

 

5,443

2,768

3,345

4,045

4,245

Cash at the end of the reporting period

 

2,768

3,345

4,045

4,245

5,145

 

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

 

1,702

500

500

1,000

300

 

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

 

Total

 

$'000

$'000

$'000

$'000

$'000

$'000

$'000

$'000

Carrying amount at the start of the year

 

10,349

 

1,574

 

365

 

12,288

Additions

     

450

 

50

 

500

Disposals

               

Revaluation Increments

               

Recoverable Amount Write-Downs

               

Net Transfers free of Charge

               

Depreciation/Amortisation Expense

 

638

 

296

 

96

 

1,030

Write-off of Assets

               

Carrying amount at the end of the year

 

9,711

 

1,728

 

319

 

11,758

* TOTAL ADDITIONS                

Self funded

      450   50   500

Appropriations

               

TOTAL

      450   50   500

 

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.