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Much of the material listed on these archived web pages has been superseded, or served a particular purpose at a particular time.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

Section 3 - Budgeted Financial Statements

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 and revenues and capital use charge (which ceases after 2002-2003), 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)
    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 2 45,916 34,267 35,293 36,617 37,954
Sales of goods and services   10,275 11,420 16,220 17,031 17,883
Interest   800 750 750 750 750
Other 3 3,578 3,578 3,578 3,578 3,578
Total revenues from ordinary activities   60,569 50,015 55,841 57,976 60,165
           
EXPENSES FROM ORDINARY            
ACTIVITIES (excluding borrowing costs expense)          
Employees   19,220 19,870 20,257 20,652 21,260
Suppliers   22,357 22,534 24,849 25,574 26,694
Depreciation and amortisation   10,441 10,441 10,441 10,441 10,441
Total expenses from ordinary activities
(excluding borrowing costs expense)
  52,018 52,845 55,547 56,667 58,395
             
Net Surplus or (deficit) from ordinary activities   8,551 (2,830) 294 1,309 1,770
Capital Use Charge payable 1(c) (11,516) 0 0 0 0
Net Surplus or (deficit)   (2,965) (2,830) 294 1,309 1,770
Net Surplus or Deficit attributable to the
Commonwealth
  (2,965) (2,830) 294 1,309 1,770
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
  (2,965) (2,830) 294 1,309 1,770

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   13,081 12,666 13,914 15,354 17,262
Receivables   400 400 400 400 400
Total financial assets   13,481 13,066 14,314 15,754 17,662
             
Non-financial assets            
Land and buildings   51,362 50,162 47,262 47,362 44,462
Infrastructure, plant and equipment   44,806 43,619 45,749 45,708 48,667
Other   305 305 305 305 305
Total Non-financial assets   96,473 94,086 93,316 93,375 93,434
Total Assets   109,954 107,152 107,630 109,129 111,096
             
LIABILITIES            
Interest bearing liabilities            
Finance Leases   150 0 0 0 0
Total debt   150 0 0 0 0
             
Provisions            
Employees 4 5,081 5,259 5,443 5,633 5,830
Other   0 0 0 0 0
Total Provisions   5,081 5,259 5,443 5,633 5,830
             
Payables            
Suppliers   3,000 3,000 3,000 3,000 3,000
Grants   0 0 0 0 0
Other   0 0 0 0 0
Total Payables   3,000 3,000 3,000 3,000 3,000
             
Total Liabilities   8,231 8,259 8,443 8,633 8,830
             
EQUITY            
Parent entity Interest            
Contributed equity   9,755 9,755 9,755 9,755 9,755
Reserves   24,736 24,736 24,736 24,736 27,736
Retained surpluses or accumulated deficits   67,232 64,402 64,696 66,005 67,775
Total parent entity interest   101,723 98,893 99,187 100,496 102,266
             
Total equity   101,723 98,893 99,187 100,496 102,266
             
Total assets and liabilities by maturity            
Current liabilities   5,944 5,892 5,994 6,098 6,206
Non-current liabilities   2,287 2,367 2,449 2,535 2,624
Current assets   13,786 13,371 14,619 16,059 17,967
Non-current assets   96,168 93,781 93,011 93,070 93,129

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
OPERATING ACTIVITIES   $'000 $'000 $'000 $'000 $'000
Cash received            
Appropriations for outputs   45,916 34,267 35,293 36,617 37,954
Sales of goods and services   10,790 11,420 16,220 17,031 17,883
Interest   800 750 750 750 750
Other   500 500 500 500 500
Total cash received   58,006 46,937 52,763 54,898 57,087
             
Cash Used            
Employees   19,048 19,692 20,073 20,462 21,063
Suppliers   23,189 19,956 22,271 22,996 24,116
Total cash used   42,237 39,648 42,344 43,458 45,179
             
Net cash from operating activities   15,769 7,289 10,419 11,440 11,908
             
INVESTING ACTIVITIES            
Cash Received            
Proceeds from sale of property, plant            
and equipment   500 500 500 500 500
Total Cash Received   500 500 500 500 500
             
Cash used            
Purchase of property, plant and equipment   8,275 8,054 9,671 10,500 10,500
Other   183 150      
Total cash used   8,458 8,204 9,671 10,500 10,500
             
NET CASH FROM INVESTING ACTIVITIES   (7,958) (7,704) (9,171) (10,000) (10,000)
FINANCING ACTIVITIES            
             
Cash Received            
Other   0 0 0 0 0
Total Cash Received   0 0 0 0 0
             
Cash Used            
Capital use charge paid   11,516 0 0 0 0
Total Cash Used   11,516 0 0 0 0
             
NET CASH FROM FINANCING ACTIVITIES   (11,516) 0 0 0 0
             
Net increase/decrease in cash held   (3,705) (415) 1,248 1,440 1,908
             
Cash at the beginning of the reporting period   16,786 13,081 12,666 13,914 15,354
Cash at the end of the reporting period   13,081 12,666 13,914 15,354 17,262

TABLE 3.4 DEPARTMENTAL CAPITAL BUDGET STATEMENT
    Estimated 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   8,275 8,054 9,671 10,500 10,500

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 8,345 43,017 0 44,806 0 0 0 96,168
Additions *   1,500   6,554       8,054
Disposals                
Revaluation Increments                
Recoverable Amount Write-Downs                
Net Transfers free of Charge                
Depreciation/Amortisation Expense   2,700   7,741       10,441
Write-off of Assets                
Carrying amount at the end of the year 8,345 41,817 0 43,619 0 0 0 93,781
                 
* TOTAL ADDITIONS
Self funded 0 1,500 0 6,554 0 0 0 8,054
Appropriations                
TOTAL   1,500   6,554       8,054

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.

Specific notes

2. There is no direct appropriation from Government to the Director of National Parks. Funds will be appropriated directly to the Department of the Environment and Heritage and transferred to the Director of National Parks.

3. Included in the figure is an amount of $2.587 million being the resources received free of charge for corporate services provided by the Department of the Environment and Heritage.

4. This figure relates to liability for staff seconded to the Director of National Parks from the Department of the Environment and Heritage.