Section 3: Explanatory tables and budgeted financial statements
Section 3 presents budgeted financial statements which provide a comprehensive snapshot of agency finances for the budget year 2008‑09. It explains how budget plans are incorporated into the financial statements and provides further details of movements in administered funds, special accounts and government Indigenous expenditure.
3.1 Explanatory tables
3.1.1 Reconciliation of total available appropriation and outcomes
The Agency Resource Statement (Table 1.1) details the total available appropriation to the NCC from all sources. For departmental operating appropriations (outputs) this includes carry‑forward amounts as well as amounts appropriated at budget. As the NCC incurs and is funded for future liabilities, generally depreciation and employee entitlements, the total amount of departmental operating appropriation available to the NCC is unlikely to be fully utilised in the budget year. The difference between the agency resource statements and the sum of all payments made at the departmental outputs level is the expected carry‑forward amount of resources for the 2009‑10 budget year, including amounts related to meeting future obligations to maintain the agency's asset base and to meet employee entitlement liabilities.
Table 3.1.1: Reconciliation of total available appropriation and outcomes
3.1.2 Movement of administered funds between years
Table 3.1.2: Movement of administered funds between years
The NCC does not have any administered funds.
3.1.3 Special accounts
Table 3.1.3: Estimates of special account cash flows and balances
3.1.4 Australian Government Indigenous Expenditure
Table 3.1.4: Australian Government Indigenous Expenditure
The NCC does not have any Australian Government Indigenous Expenditure.
3.2 Budgeted financial statements
The budgeted financial statements contain estimates prepared in accordance with the requirements of the Government's financial budgeting and reporting framework, as well as specific guidelines issued by the Department of Finance and Deregulation. The budgeted statements show the planned financial performance for the 2008‑09 budget year and each of the forward years from 2009‑10 to 2011‑12. The statements also include the estimated actual for 2007‑08 for comparative purposes.
3.2.1 Differences in agency resourcing and financial statements
There is no difference between agency resourcing and financial statements.
3.2.2 Analysis of budgeted financial statements
An analysis of the NCC's budgeted financial statements is provided below.
Budgeted departmental income statement
The NCC is budgeting for a breakeven operating result in 2008‑09.
Operating revenues
Total NCC revenue is estimated to be $2.8 million for 2008‑09. This is a decrease of $1.2 million from the 2007‑08 estimated actual due to the 2008‑09 Budget measure.
Operating expenses
Total expenses are estimated to be $2.8 million for 2008‑09. This is a decrease of $1.2 million from the 2007‑08 estimated actual due to the 2008‑09 Budget measure.
Budgeted departmental balance sheet
In 2008‑09 the NCC's equity position will be positive $2.4 million.
Assets
The NCC's assets are predominantly financial assets.
Liabilities
The NCC's liabilities are mainly employee entitlements. There is no significant movement in total liabilities from 2007‑08.
3.2.3 Budgeted financial statements tables
Table 3.2.1: Budgeted departmental income statement
(for the period ended 30 June)
Prepared on an Australian Accounting Standards basis.
Table 3.2.2: Budgeted departmental balance sheet
(as at 30 June)
Prepared on an Australian Accounting Standards basis.
Table 3.2.3: Budgeted departmental statement of cash flows
(for the period ended 30 June)
Prepared on an Australian Accounting Standards basis.
Table 3.2.4: Departmental statement of changes in equity — summary of
movement (Budget year 2008‑09)
Prepared on an Australian Accounting Standards basis.
Table 3.2.5: Schedule of budgeted income and expenses administered on
behalf of Government (for the period ended 30 June)
The NCC does not have any administered funds.
Table 3.2.6: Schedule of budgeted assets and liabilities administered on
behalf of Government (as at 30 June)
The NCC does not have any administered funds.
Table 3.2.7: Schedule of budgeted administered cash flows
(for the period ended 30 June)
The NCC does not have any administered funds.
3.2.4 Notes to the financial statements
Basis of accounting
The financial statements have been prepared on an Australian Accounting Standards basis.
If www.budget.gov.au responds slowly or you are having trouble downloading a document, try one of the Budget Website Mirrors
Note: Where possible, Budget documents are available in HTML and for downloading in Portable Document Format(PDF). If you require further information on any of the tables or charts on this website, please contact Treasury.
