Publicatons - Portfolio Additional Estimate Statements 1999-2000

There has been no significant change to the overview to that included in the 1999-2000 Portfolio Budget Statements.

The Department expects to receive additional funding in the form of an equity injection of $0.563 million, this being the difference between the 1998-99 estimated carryover at Budget time and the actual carryover.

Note: Underlying outlays is a cash concept and, as this figure is cash, it is not directly comparable with the other accrual figures in this document. This information is being provided to give additional information to support the transition from cash to accrual budgeting.

The remaining variations in funding for Outcome 1 are to pre-existing outputs and will not affect the remaining performance information under Outcome 1 from the 1999-2000 PBS.

The variation in funding is to a pre-existing output that will not affect the performance information under Outcome 2 from the 1999-2000 PBS.

The variation in funding is to a pre-existing output that will not affect the performance information under Outcome 3 from the 1999-2000 PBS.

The budget financial statements for 1998-99 appear in the Department’s 1999-2000 Annual Report, and form the basis for the input into the Whole of Government Accounts.

This statement provides a picture of the expected financial results for the Department of the Treasury by identifying full accrual expenses and revenues, which highlights whether the Department is operating at a sustainable level.

This statement shows the financial position of the Department. It enables decision-makers to track the management of the Department’s assets and liabilities.

This statement identifies expected cash flows from operating activities, investing activities and financing activities.

This statement shows all proposed capital expenditure funded through the Budget as appropriations or from internal resources.

	Actual	Revised Budget	Estimated
	1998-99 $’000	1999-00 $’000	2000-01 $’000	2001-02 $’000	2002-03 $’000
Departmental Revenue and Expenses
Revenues
Revenue from government
Ordinary annual appropriations (net appropriations)	50,449	65,436	62,522	59,363	59,416
Revenue from other sources
Sales of goods and services	30,930	34,492	25,419	25,427	25,435
Other revenue from other sources	2,836	453	4,428	610	621
Total Revenue	84,215	100,381	92,369	85,400	85,472
Expenses
Employees	36,242	44,385	42,817	40,496	39,640
Depreciation and amortisation	1,949	2,620	4,229	5,540	5,555
Other costs of providing goods and services	47,410	51,687	36,141	34,211	34,884
Other	566	150	914	546	546
Total Expenses	86,167	98,842	84,101	80,793	80,625
Operating Result Before Capital User Charge	(1,952)	1,539	8,268	4,607	4,847
Capital User Charge	—	(1,539)	(2,367)	(2,607)	(2,847)
Extraordinary Items	18,658	—	—	—	—
Accumulated Results at Year End	16,706	—	5,901	2,000	2,000
Administered Revenue and Expenses
Revenues
Taxation Revenue	—	(6,951,534)	(328,913)	—	—
Interest and dividends	1,880,638	3,693,814	1,527,720	1,500,000	1,500,000
Other sources of non-taxation revenue	867,335	775,059	219,400	214,179	203,295
Appropriations	9,337,712	25,364,983	1,977,663	3,051,664	2,183,153
Total Revenue	12,085,685	22,882,322	3,395,870	4,765,843	3,886,448
Expenses
Other costs of providing goods and services	999,121	295,343	67,796	78,974	80,548
Grants	17,394,217	18,343,401	1,566,939	2,969,769	2,101,258
Interest and financing costs	8,549,837	—	—	—	—
Total Expenses	26,943,175	18,638,744	1,634,735	3,048,743	2,181,806
Net cost to Government	(14,857,490)	4,243,578	1,761,135	1,717,100	1,704,642
Cash transfers to/from DoFA	(67,408,924)	(3,753,235)	(2,864,521)	(3,123,467)	(1,696,454)
Accumulated Results After Transfers	(82,266,414)	490,343	(1,103,386)	(1,406,367)	8,188

Table 3.2: Budget Statement of Assets and Liabilities

	Actual	Revised Budget	Estimated
	1998-99 $’000	1999-00 $’000	2000-01 $’000	2001-02 $’000	2002-03 $’000
Departmental Assets and Liabilities
Debt
Loans	—	12,752	12,800	11,263	9,726
Finance Leases	1,501	—	—	—	—
Total Debt	1,501	12,752	12,800	11,263	9,726
Provisions and Payables
Employees	13,408	11,978	11,983	11,895	11,880
Suppliers	1,126	859	881	901	922
Other	4,965	1,145	1,175	1,201	1,229
Total Provisions and Payables	19,499	13,982	14,039	13,997	14,031
Equity
Accumulated results	16,706	10,186	16,087	18,087	20,087
Reserves	5,673	4,463	4,463	4,463	4,463
Total Equity	22,379	14,649	20,550	22,550	24,550
Total Liabilities and Equity	43,379	41,383	47,389	47,810	48,307
Financial Assets
Cash	547	2,541	9,669	18,089	23,793
Receivables	4,732	1,375	1,408	1,441	1,475
Investments	—	3,000	2,000	—	—
Total Financial Assets	5,279	6,916	13,077	19,530	25,268
Non-financial Assets
Infrastructure, plant and equipment	10,576	6,207	20,163	15,039	10,720
Intangibles	7,505	1,778	1,448	1,067	856
Other	20,019	26,482	12,701	12,174	11,463
Total Non-financial Assets	38,100	34,467	34,312	28,280	23,039
Total Assets	43,379	41,383	47,389	47,810	48,307

Table 3.2: Budget Statement of Assets and Liabilities (continued)

	Actual	Revised Budget	Estimated
	1998-99 $’000	1999-00 $’000	2000-01 $’000	2001-02 $’000	2002-03 $’000
Administered Assets and Liabilities
Debt
Government Securities	89,053,504	—	—	—	—
Loans	4,346,721	4,166,061	4,159,053	4,152,863	4,148,268
Other	—	1,443,030	1,446,080	1,446,080	1,446,080
Total Debt	93,400,225	5,609,091	5,605,133	5,598,943	5,594,348
Provisions and Payables
Grants	25,000	22,500	20,000	17,500	15,000
Other	5,312,241	114,284	86,488	71,622	64,603
Total Provisions and Payables	5,337,241	136,784	106,488	89,122	79,603
Equity
Accumulated results	(82,266,414)	10,360,844	9,257,458	7,851,091	7,859,279
Reserves	8,039,640	657,736	2,088,958	2,097,648	2,104,743
Total Equity	(74,226,774)	11,018,580	11,346,416	9,948,739	9,964,022
Total Liabilities and Equity	24,510,692	16,764,455	17,058,037	15,636,804	15,637,973
Financial Assets
Cash	12,781	2,906	2,906	2,906	2,906
Receivables	148,367	1,214,931	1,497,401	77,827	79,827
Investments	15,266,681	15,540,449	15,554,884	15,554,884	15,554,884
Accrued revenues	9,070,678	—	—	—	—
Total Financial Assets	24,498,507	16,758,286	17,055,191	15,635,617	15,637,617
Non-financial Assets
Other non-financial assets	12,185	6,169	2,846	1,187	356
Total Non-financial Assets	12,185	6,169	2,846	1,187	356
Total Assets	24,510,692	16,764,455	17,058,037	15,636,804	15,637,973

Table 3.3: Budget Cash Flow Statement

	Actual	Revised Budget	Estimated
	1998-99 $’000	1999-00 $’000	2000-01 $’000	2001-02 $’000	2002-03 $’000
Departmental Cash Flows
Operating Activities
Cash Received
Appropriations	54,642	65,436	62,522	59,363	59,416
Sales of goods and services	33,613	34,491	25,418	25,426	25,434
Other	—	425	528	566	575
Total Cash Received	88,255	100,352	88,468	85,355	84,425
Cash Used
Employees	35,576	47,612	42,869	40,638	39,707
Suppliers	52,445	51,419	33,538	31,526	34,105
Other	10	150	896	546	546
Total Cash Used	88,031	99,181	77,303	72,710	74,358
Net Cash from Operating Activities	224	1,171	11,165	12,645	11,067
Investing Activities
Cash Received
Proceeds from sale of property, plant and equipment	88	40	42	44	46
Other	—	—	—	—	—
Total Cash Received	88	40	42	44	46
Cash Used
Purchase of property, plant and equipment	2,740	12,798	5,660	125	1,025
Total Cash Used	2,740	12,798	5,660	125	1,025
Net Cash from Investing Activities	(2,652)	(12,758)	(5,618)	(81)	(979)
Financing Activities
Cash Received
Proceeds from borrowings	—	775	—	—	—
Other	3,503	14,384	5,485	—	—
Total Cash Received	3,503	15,159	5,485	—	—
Cash Used
Capital user charge paid	—	1,300	2,367	2,607	2,847
Repayment of borrowings	564	278	153	153	153
Other	—	—	1,384	1,384	1,384
Total Cash Used	564	1,578	3,904	4,144	4,384
Net Cash from Financing Activities	2,939	13,581	1,581	-4,144	-4,384
Net increase/decrease in cash held	511	1,994	7,128	8,420	5,704
Add cash as at 1 July	36	547	2,541	9,669	18,089
Cash as at 30 June	547	2,541	9,669	18,089	23,793

Table 3.3: Budget Cash Flow Statement (continued)

	Actual	Revised Budget	Estimated
	1998-99 $’000	1999-00 $’000	2000-01 $’000	2001-02 $’000	2002-03 $’000
Administered Cash Flows
Operating Activities
Cash Received
Taxes, fees and fines	—	(6,951,534)	(328,913)	—	—
Interest and dividends	4,577,480	3,017,814	2,203,720	1,500,000	1,500,000
Appropriations receipts	26,666,714	18,420,340	1,649,217	3,052,164	2,183,653
Other	763,454	734,701	195,613	201,893	196,454
Total Cash Received	32,007,648	15,221,321	3,719,637	4,754,057	3,880,107
Cash Used
Grants	17,396,717	18,345,901	1,569,439	2,972,269	2,103,758
Borrowing costs	8,857,424	—	—	—	—
Cash to CRF	5,326,889	(3,199,019)	2,070,420	1,701,893	1,696,454
Other	111,946	74,439	79,778	79,895	79,895
Total Cash Used	31,692,976	15,221,321	3,719,637	4,754,057	3,880,107
Net Cash from Operating Activities	314,672	—	—	—	—
Investing Activities
Cash Received
Repayment of advances	1,671,837	—	465,188	1,421,574	—
Consolidated Revenue Fund	4,145,813	472,432	1,421,574	—	—
Other	3,599,074	—	—	—	—
Total Cash Received	9,416,724	472,432	1,886,762	1,421,574	—
Cash Used
Advances made	—	464,468	1,421,574	—	—
Purchase of equity instruments	11,330	7,964	—	—	—
Consolidated Revenue Fund	5,258,031	—	465,188	1,421,574	—
Other	4,134,483	—	—	—	—
Total Cash Used	9,403,844	472,432	1,886,762	1,421,574	—
Net Cash from Investing Activities	12,880	—	—	—	—
Financing Activities
Cash Received
Proceeds from borrowings	61,077,791	173,649	7,868	6,190	4,595
Consolidated Revenue Fund	70,366,459	—	—	—	—
Other	8,606,106	—	—	—	—
Total Cash Received	140,050,356	173,649	7,868	6,190	4,595
Cash Used
Consolidated Revenue Fund	68,745,218	—	—	—	—
Repayment of debt	71,350,234	—	—	—	—
Other	281,108	182,804	7,148	6,190	4,595
Total Cash Used	140,376,560	182,804	7,148	6,190	4,595
Net Cash from Financing Activities	(326,204)	(9,155)	720	—	—
Net increase/decrease in cash held	1,348	(9,155)	720	—	—
Add cash as at 1 July	11,433	12,781	3,626	2,906	2,906
Cash as at 30 June	12,781	3,626	2,906	2,906	2,906

Capital Budget

Table 3.4: Capital Budget

	Actual	Revised Budget	Estimated
	1998-99 $’000	1999-00 $’000	2000-01 $’000	2001-02 $’000	2002-03 $’000
Departmental
Total Loans	—	775	—	—	—
Appropriation of previous years carryover	—	3,763	—	—	—
Total Capital Appropriations	—	4,538	—	—	—
Represented by
Purchase of non-current assets	—	775	—	—	—
Other	—	3,763	—	—	—
Total Departmental	—	4,538	—	—	—

Administered
Total Equity Injections	—	642,474	7,148	6,190	4,595
Total Loans	—	—	—	—	—
Total Capital Appropriations	—	642,474	7,148	6,190	4,595
Represented by
Purchase of non-current assets
Other	—	642,474	7,148	6,190	4,595
Total Items	—	642,474	7,148	6,190	4,595

Administered Financial Assets Funded by Special Appropriations
Administered Capital	—	15,262	1,424,074	2,500	2,500
Represented by
Purchase of non-current assets
Other	—	15,262	1,424,074	2,500	2,500
Total Items	—	15,262	1,424,074	2,500	2,500

The agency budget statements are prepared in compliance with Australian Accounting Standards, Accounting Guidance Releases and having regard to Statements of Accounting Concepts.

The 1998-1999 actual figures include the AOFM. The AOFM became a prescribed agency on 1 July 1999 and estimates are contained in the AOFM’s section of the PAES.

There are no substantial variations to the notes published in The Treasury Annual Report 1998–99.

The 1998-1999 actual figures include the AOFM. The AOFM became a prescribed agency on 1 July 1999 and estimates are contained in the AOFM’s section of the PAES.

There are no substantial variations to the notes outlined in the 1999–2000 Portfolio Budget Statements and The Treasury Annual Report 1998–99 apart from the inclusion of the AOFM.

Part C - Department of the Treasury