The Department’s 2020–21 financial statements are presented in Part four: Financial statements, of this report. The Auditor-General issued an unmodified audit opinion of these statements, noting that PM&C had appropriate and effective financial controls in place.

Activities administered on behalf of Government

In 2020–21, PM&C administered one program on behalf of the Government. Administered expenses totalled $187.2 million and comprised primarily of payments to corporate Commonwealth entities and companies ($126.3 million, 67.5 per cent of the total), and supplier expenses grant payments ($56.2 million, 30.0 per cent of the total).

Administered expenditure included:

• $126.3 million paid to corporate Commonwealth entities and companies including various land councils and the Indigenous Land and Sea Corporation
• $56.2 million on grants of which $28.9 million was paid to the National Australia Day Council and $25.1 million to the Office for Women
• $1.8 million for supplier expenses.

Graph 3.1: Breakdown of administered expenditure

The significant decrease in administered expenditure between 2018–19 and 2019–20 relates to the transfer of Indigenous affairs functions to the National Indigenous Australians Agency (NIAA) on 1 July 2019.

As at 30 June 2021, PM&C's administered assets totalled $2,926.1 million. Administered assets decreased from 2019-20 due to the transfer of Indigenous affairs functions to the NIAA.

Graph 3.2: Breakdown of administered assets

Departmental activities

The Department reported an operating deficit of $18.5 million. After adjusting for unfunded depreciation and amortisation expenses and non-cash asset write-downs and impairments, PM&C recorded a small operating deficit.

In 2020–21, departmental expenses totalled $267.7 million. Departmental revenue totalled $57.6 million comprising income from contracts with customers and resources received free of charge.

Graph 3.3: Breakdown of expenses and revenue

As at 30 June 2021, PM&C had a positive net asset position of $51.1 million. Assets totalled $218.9 million and liabilities totalled $167.8 million as at 30 June 2021.

Graph 3.4: Breakdown of assets

Table 3.23: Resourcing statement

_¹ Appropriation Act (No 1) 2020–21 and Appropriation Act (No 3) 2020–21. This may also include prior-year departmental appropriation, section 74 retained revenue receipts, permanent quarantine and section 75.. For further details refer to Note 5.1 to the financial statements.

² Includes an amount of $8.209 million in 2020–21 for the departmental capital budget. For accounting purposes, this amount was designated as ‘contributions by owners’.

³ Includes an amount of $1.529 million in 2020–21 for the administered capital budget. For accounting purposes, this amount was designated as ‘contributions by owners’.

⁴ Corporate Commonwealth entities are corporate Commonwealth entities and Commonwealth companies as defined under the Public Governance, Performance and Accountability Act 2013 (PGPA Act).

⁵ Prior year equity injections.

⁶ Special appropriation limited by amount and does not extend beyond 30 June 2021.

⁷ Does not include special relevant money held in accounts like the Services for Other Entities and Trust Moneys Special Account.

Expenses for Outcome 1

Outcome 1: Provide high-quality policy advice and support to the Prime Minister, the Cabinet, portfolio ministers and parliamentary secretaries, including through the coordination of government activities, policy development, and program delivery.

Table 3.24: Expenses for Outcome 1

^* Full year budget, including any subsequent adjustment made.

¹ Departmental appropriation combines ordinary annual services (Appropriation Acts Nos 1 and 3) and Retained Revenue Receipts under section 74 of the PGPA Act.

² Expenses not requiring appropriation in the Budget year are made up of depreciation and amortisation expenses, impairment of receivables, audit fees and services provided free of charge.