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Primary financial statements

Statement of comprehensive income for the period ended 30 June 2018

2018

2017

Original Budget

Notes

$'000

$'000

$'000

NET COST OF SERVICES

Expenses

Employee benefits

1A

19,410

18,762

20,814

Suppliers

1B

4,983

4,572

6,455

Depreciation and amortisation

4A

973

909

1,010

Write-down and impairment of assets

1C

22

10

-

Losses from asset sales

0

11

3

Total expenses

25,388

24,264

28,282

Own-source income

Own-source revenue

Sale of goods and rendering of services

2A

52

64

55

Interest

2B

64

-

100

Other revenue

2C

562

443

985

Total own-source revenue

678

506

1,140

Gains

Other gains

2D

1,986

1,914

1,890

Total gains

1,986

1,914

1,890

Total own-source income

2,664

2,420

3,030

Net cost of services

22,724

21,843

25,252

Revenue from government

2E

24,242

24,159

24,242

Surplus/(deficit) on continuing operations

1,518

2,316

(1,010)

OTHER COMPREHENSIVE INCOME

Items not subject to subsequent reclassification to net cost of services

Changes in asset revaluation surplus

-

(17)

-

Total other comprehensive income

-

(17)

-

Total comprehensive income/(loss)

1,518

2,299

(1,010)

The above statement should be read in conjunction with the accompanying notes.

Statement of financial position as at 30 June 2018

2018

2017

Original Budget

Notes

$’000

$’000

$’000

ASSETS

Financial assets

Cash and cash equivalents

3A

410

3,057

522

Trade and other receivables

3B

16,097

14,837

12,437

Other investments

3C

2,546

-

2,601

Total financial assets

19,053

17,895

15,560

Non-financial assets

Heritage and cultural

4A

419

419

436

Plant and equipment

4A

8,225

7,446

8,869

Computer software

4A

203

1,775

1,634

Inventories

4B

13

13

9

Other non-financial assets

4C

197

156

80

Total non-financial assets

9,057

9,809

11,028

Total assets

28,110

27,703

26,588

LIABILITIES

Payables

Suppliers

5A

340

286

336

Other payables

496

843

-

Total payables

836

1,129

336

Provisions

Employee provisions

6A

6,016

6,310

6,423

Total provisions

6,016

6,310

6,423

Total liabilities

6,852

7,439

6,759

Net assets

21,258

20,265

19,829

EQUITY

Contributed equity

(10,918)

(10,393)

(9,753)

Reserves

14,192

14,192

14,209

Retained surplus/(accumulated deficit)

17,984

16,466

15,373

Total equity

21,258

20,265

19,829

The above statement should be read in conjunction with the accompanying notes.

Statement of changes in equity for the period ended 30 June 2018

2018

2017

Original Budget

$’000

$’000

$’000

CONTRIBUTED EQUITY

Opening balance

Balance carried forward from previous period

(10,393)

(11,035)

(10,393)

Transactions with owners

Departmental capital budget

640

642

640

Transfer of assets to DPS

(1,165)

-

-

Total transactions with owners

(525)

642

640

Transfers between equity components

-

-

-

Closing balance as at 30 June

(10,918)

(10,393)

(9,753)

RETAINED EARNINGS

Opening balance

Balance carried forward from previous period

16,466

14,150

16,383

Comprehensive income

Surplus/(deficit) for the period

1,518

2,316

(1,010)

Total comprehensive income

1,518

2,316

(1,010)

Closing balance as at 30 June

17,984

16,466

15,373

ASSET REVALUATION RESERVE

Opening balance

Balance carried forward from previous period

14,192

14,209

14,209

Comprehensive income

Other comprehensive income

-

(17)

-

Total comprehensive income

-

(17)

-

Closing balance as at 30 June

14,192

14,192

14,209

TOTAL EQUITY

Opening balance

Balance carried forward from previous period

20,265

17,324

20,199

Comprehensive income

Surplus/(deficit) for the period

1,518

2,316

(1,010)

Other comprehensive income

-

(17)

-

Total comprehensive income

1,518

2,299

(1,010)

Transactions with owners

Contributions by owners

Departmental capital budget

640

642

640

Transfer of assets to DPS

(1,165)

-

-

Total transactions with owners

(525)

642

640

Closing balance as at 30 June

21,258

20,265

19,829

The above statement should be read in conjunction with the accompanying notes.

Cash flow statement for the period ended 30 June 2018

2018

2017

Original Budget

Notes

$’000

$’000

$’000

OPERATING ACTIVITIES

Cash received

Appropriations

23,080

23,765

26,377

Sale of goods and rendering of services

140

106

55

Interest

-

-

100

Revenue from external sources

71

710

323

Net GST received

118

344

17

Other

98

-

-

Total cash received

23,507

24,925

26,872

Cash used

Employees

19,558

18,550

20,704

Suppliers

3,323

3,088

4,293

Net GST paid

-

-

219

Other

-

-

71

Total cash used

22,881

21,638

25,287

Net cash from/(used by) operating activities

626

3,287

1,585

INVESTING ACTIVITIES

Cash received

Proceeds from sales of property, plant and equipment

0

4

-

Total cash received

0

4

-

Cash used

Purchase of property, plant and equipment

1,333

1,414

2,230

Purchase of intangibles

33

31

-

Investments

2,546

-

-

Total cash used

3,912

1,445

2,230

Net cash from/(used by) investing activities

(3,912)

(1,441)

(2,230)

FINANCING ACTIVITIES

Cash received

Contributed equity (DCB)

640

642

640

Total cash received

640

642

640

Cash used

Net cash from/(used by) financing activities

640

642

640

Net increase/(decrease) in cash held

(2,646)

2,487

(5)

Cash and cash equivalents at the beginning of the reporting period

3,057

570

527

Cash and cash equivalents at the end of the reporting period

411

3,057

522

The above statement should be read in conjunction with the accompanying notes.

Administered schedule of comprehensive income for the period ended 30 June 2018

2018

2017

Original Budget

Notes

$’000

$’000

$’000

NET COST OF SERVICES

Expenses

Suppliers

16

313

324

320

Total expenses

313

324

320

Net (cost of)/contribution by services

(313)

(324)

(320)

Surplus/(deficit)

(313)

(324)

(320)

Total comprehensive income/(loss)

(313)

(324)

(320)

The above schedule should be read in conjunction with the accompanying notes.

Administered schedule of assets and liabilities as at 30 June 2018

2018

2017

Original Budget

Notes

$’000

$’000

$’000

ASSETS

Financial assets

Trade and other receivables

17

2

4

4

Total financial assets

2

4

4

Total assets administered on behalf of government

2

4

4

LIABILITIES

Payables

Suppliers

18A

27

26

-

Other payables

18B

2

4

4

Total payables

29

30

4

Total liabilities administered on behalf of Government

29

30

4

Net assets/(liabilities)

(27)

(26)

-

The above schedule should be read in conjunction with the accompanying notes.

Administered reconciliation schedule

2018

2017

$’000

$’000

Opening assets less liabilities as at 1 July

(26)

-

Net (cost of)/contribution by services

Expenses

Payments to entities other than corporate Commonwealth entities

(313)

(324)

Transfers (to)/from the Australian Government

Appropriation transfers from official public account

312

298

Closing assets less liabilities as at 30 June

(27)

(26)

The above schedule should be read in conjunction with the accompanying notes.

Accounting policy

Administered cash transfers to and from the official public account

The department does not collect administered revenues. Cash is drawn from the OPA to make payments under parliamentary appropriation on behalf of the government. These transfers to and from the OPA are adjustments to the administered cash held by the department on behalf of government and reported as such in the administered cash flow statement.

Administered cash flow statement for the period ended 30 June 2018

2018

2017

Notes

$’000

$’000

OPERATING ACTIVITIES

Cash received

Net GST received

25

23

Total cash received

25

23

Cash used

Suppliers

336

320

Total cash used

336

320

Net cash from/(used by) operating activities

(311)

(297)

Cash from official public account

Appropriations

312

298

GST appropriations

24

22

Total cash from official public account

336

320

Cash to official public account

GST appropriations

(25)

(23)

Total cash to official public account

311

297

Cash and cash equivalents at the end of the reporting period

-

-

This schedule should be read in conjunction with the accompanying notes.