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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Much of the material listed on these archived web pages has been superseded, or served a particular purpose at a particular time.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 Budget Statements 2003-2004

Environment and Heritage Portfolio
Budget Initiatives and Explanations of Appropriations 2003-2004
Budget Related Paper No. 1.7
Commonwealth of Australia 2003
ISSN 1448 - 1219 (Online), 1448 - 1200 (Print)

Part C - Agency Budget Statements (continued)
Australian Greenhouse Office (continued)

Section 3 - Budgeted Financial Statements

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 capital use charge (which ceases after 2002-2003), 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)
    Estimated 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   72,896 108,298 91,462 85,440 60,905
Interest   419 0 0 0 0
Total revenues from ordinary activities   73,315 108,298 91,462 85,440 60,905
             
EXPENSES FROM ORDINARY            
ACTIVITIES (excluding borrowing costs expense)          
Employees   14,702 14,387 8,358 8,600 6,459
Suppliers   21,772 46,200 12,627 11,025 8,905
Grants   34,982 47,626 70,411 65,810 45,542
Depreciation and amortisation   68 85 66 5 0
Total expenses from ordinary activities
(excluding borrowing costs expense)
  71,524 108,298 91,462 85,440 60,905
Borrowing cost expense   0 0 0 0 0
Net Surplus or (deficit) from ordinary activities   1,791 0 0 0 0
Gain or loss on extraordinary items   0 0 0 0 0
Net Surplus or (deficit)   1,791 0 0 0 0
Capital User Charge Paid 1(c) (1,512) 0 0 0 0
Net Surplus or (deficit) after CUC   279 0 0 0 0
Net Surplus or (deficit) attributable to the
Commonwealth
  279 0 0 0 0
Net credit (debit) to asset revaluation reserve   0 0 0 0 0
Total revenues, expenses and valuation
adjustments attributable to members of the
parent entity and recognised directly in equity
  279 0 0 0 0

TABLE 3.2 BUDGETED DEPARTMENTAL STATEMENT OF FINANCIAL POSITION
(as at 30 June 2004)
    Estimated 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   35,323 36,096 35,365 35,603 35,603
Receivables   410 476 403 431 431
Accrued revenues   21 0 0 0 0
Total financial assets   35,754 36,572 35,768 36,034 36,034
             
Non-financial assets            
Infrastructure, plant and equipment   221 136 70 65 65
Other   7 7 7 7 7
Total Non-financial assets   228 143 77 72 72
             
Total Assets   35,982 36,715 35,845 36,106 36,106
             
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   4,586 4,798 5,113 5,454 5,454
Other   0 0 0 0 0
Total Provisions   4,586 4,798 5,113 5,454 5,454
             
Payables            
Suppliers   1,934 2,360 1,086 947 947
Grants   873 968 1,057 1,116 1,116
Other   0 0 0 0 0
Total Payables   7,393 8,126 7,256 7,517 7,517
             
Total Liabilities   7,393 8,126 7,256 7,517 7,517
             
EQUITY            
Parent entity Interest            
Contributed equity   0 0 0 0 0
Reserves   0 0 0 0 0
Statutory funds   0 0 0 0 0
Retained surpluses or accumulated deficits   28,589 28,589 28,589 28,589 28,589
Total parent entity interest   28,589 28,589 28,589 28,589 28,589
             
Total equity   28,589 28,589 28,589 28,589 28,589
             
             
Total assets and liabilities by maturity            
Current liabilities   4,066 4,469 3,991 4,134 4,134
Non-current liabilities   3,327 3,657 3,265 3,383 3,383
Current assets   35,982 36,715 35,845 36,106 36,106
Non-current assets   0 0 0 0 0

TABLE 3.3 BUDGETED DEPARTMENTAL STATEMENT OF CASH FLOWS
(for the period ended 30 June 2004)
    Estimated 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   72,896 108,298 91,462 85,440 60,905
Sales of goods and services   100 0 0 0 0
Interest   419 0 0 0 0
Other - GST Input Credit   5,806 8,791 7,792 7,006 4,989
Total cash received   79,221 117,089 99,254 92,446 65,894
             
Cash Used            
Employees   14,091 14,156 8,043 8,259 6,459
Suppliers   22,217 45,774 13,901 11,164 8,905
Grants   35,568 47,531 70,322 65,751 45,542
Other - GST Payments to Suppliers   5,422 8,855 7,719 7,034 4,988
Total cash used   77,298 116,316 99,985 92,208 65,894
             
Net cash from operating activities   1,923 773 (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   135 0 0 0 0
Other   0 0 0 0 0
Total cash used   (135) 0 0 0 0
             
NET CASH FROM INVESTING ACTIVITIES   (135) 0 0 0 0
             
FINANCING ACTIVITIES            
             
Cash Received            
Proceeds from debt            
Proceeds from issuing equity instruments            
Total Cash Received   0 0 0 0 0
             
Cash Used            
Capital use charge paid   3,376 0 0 0 0
Total Cash Used   3,376 0 0 0 0
             
NET CASH FROM FINANCING ACTIVITIES   (3,376) 0 0 0 0
             
Net increase/decrease in cash held   (1,588) 773 (731) 238 0
             
Cash at the beginning of the reporting period   36,911 35,323 36,096 35,365 35,603
Cash at the end of the reporting period   35,323 36,096 35,365 35,603 35,603

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        
      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       221     221
Additions              
Disposals              
Revaluation Increments              
Recoverable Amount Write-Downs              
Net Transfers free of Charge              
Depreciation/Amortisation Expense       85     85
Write-off of Assets              
Carrying amount at the end of the year      
136
   
136

TABLE 3.6 - SCHEDULE OF BUDGETED REVENUES AND EXPENSES ADMINISTERED ON BEHALF OF GOVERNMENT
(for the period ended 30 June 2004)
    Estimated Budget      
    Actual Estimate ESTIMATED
  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   20,458 16,109 27,293 25,186 23,932
Total expenses administered on behalf of
the Government
  20,458 16,109 27,293 25,186 23,932

TABLE 3.7 - SCHEDULE OF BUDGETED ASSETS AND LIABILITIES ADMINISTERED ON BEHALF OF GOVERNMENT
(as at 30 June 2004)
    Estimated Budget      
    Actual Estimate ESTIMATED
  Note 2002-03 2003-04 2004-05 2005-06 2006-07
    $'000 $'000 $'000 $'000 $'000
ASSETS            
Financial Assets            
Cash            
Receivables   8 8 8 8 8
Total financial assets   8 8 8 8 8
             
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
  8 8 8 8 8
             
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   0 0 0 0 0
Other   0 0 0 0 0
Total Payables   0 0 0 0 0
Total Liabilities Administered
on behalf of the Government
  0 0 0 0 0
             
Current liabilities            
Non-current liabilities            
Current assets   8 8 8 8 8
Non-current assets            

TABLE 3.8 - SCHEDULE OF BUDGETED ADMINISTERED CASH FLOWS
(for the period ended 30 June 2004)
    Estimated Budget  
    Actual Estimate ESTIMATED
  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   20,541 16,192 27,376 25,269 24,015
Appropriations   0 0 0 0 0
Special Accounts   0 0 0 0 0
Other - GST Input Credit   83 83 83 83 83
Total cash received   20,624 16,275 27,459 25,352 24,098
             
Cash Used            
Suppliers            
Grants   20,458 16,109 27,293 25,186 23,932
Cash to Official Public Account   83 83 83 83 83
Appropriations            
Special Accounts            
Other - GST Payments to Suppliers   83 83 83 83 83
Total cash used   20,624 16,275 27,459 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 the 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 agreed 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.